Applied Industrial Technologies Stock Beta

AIT Stock

USD 265.34 2.20 0.84%

Applied Industrial Technologies fundamentals help investors to digest information that contributes to Applied Industrial's financial success or failures. It also enables traders to predict the movement of Applied Stock. The fundamental analysis module provides a way to measure Applied Industrial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Applied Industrial stock.

Short Long Term Debt Total Total Assets

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Applied Industrial Technologies Company Beta Analysis

Applied Industrial's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Applied Industrial Beta

1.08

Most of Applied Industrial's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Applied Industrial Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Applied Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Applied Industrial is extremely important. It helps to project a fair market value of Applied Stock properly, considering its historical fundamentals such as Beta. Since Applied Industrial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Applied Industrial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Applied Industrial's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Capital Surpluse	Accumulated Depreciation	Long Term Debt Total	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Long Term Investments	Capital Stock
Total Assets		0.92	0.44	0.96	0.98	0.92	0.98	0.63	0.96	0.59	-0.59	0.76	0.95	-0.83	0.86	-0.45	-0.23	0.9	-0.9	0.75	-0.6	0.46	0.71	0.8	0.84	-0.59
Total Stockholder Equity	0.92		0.07	0.99	0.96	0.69	0.98	0.45	0.89	0.26	-0.71	0.45	0.76	-0.66	0.83	-0.64	0.11	0.86	-0.83	0.44	-0.46	0.32	0.74	0.86	0.83	-0.71
Net Debt	0.44	0.07		0.18	0.31	0.75	0.24	0.51	0.43	0.95	0.14	0.9	0.68	-0.6	0.22	0.26	-0.76	0.36	-0.34	0.9	-0.52	0.51	0.07	0.11	0.24	0.14
Retained Earnings	0.96	0.99	0.18		0.98	0.76	0.99	0.5	0.92	0.35	-0.69	0.55	0.82	-0.74	0.85	-0.61	0.0	0.89	-0.86	0.53	-0.55	0.37	0.74	0.85	0.85	-0.69
Net Receivables	0.98	0.96	0.31	0.98		0.84	0.99	0.51	0.98	0.47	-0.62	0.64	0.88	-0.8	0.8	-0.47	-0.07	0.89	-0.88	0.63	-0.58	0.35	0.69	0.82	0.82	-0.62
Total Liab	0.92	0.69	0.75	0.76	0.84		0.81	0.72	0.87	0.83	-0.38	0.95	0.98	-0.87	0.75	-0.18	-0.54	0.8	-0.82	0.94	-0.66	0.52	0.57	0.61	0.72	-0.38
Total Current Assets	0.98	0.98	0.24	0.99	0.99	0.81		0.56	0.94	0.41	-0.66	0.6	0.86	-0.77	0.87	-0.55	-0.05	0.9	-0.89	0.58	-0.55	0.37	0.76	0.85	0.85	-0.66
Short Term Debt	0.63	0.45	0.51	0.5	0.51	0.72	0.56		0.47	0.53	-0.14	0.72	0.72	-0.54	0.76	-0.14	-0.43	0.67	-0.74	0.74	-0.27	0.53	0.76	0.63	0.69	-0.14
Accounts Payable	0.96	0.89	0.43	0.92	0.98	0.87	0.94	0.47		0.58	-0.52	0.71	0.9	-0.85	0.73	-0.32	-0.12	0.85	-0.86	0.69	-0.65	0.31	0.61	0.74	0.73	-0.52
Intangible Assets	0.59	0.26	0.95	0.35	0.47	0.83	0.41	0.53	0.58		0.07	0.91	0.76	-0.71	0.36	0.12	-0.64	0.52	-0.45	0.92	-0.58	0.6	0.24	0.3	0.36	0.07
Common Stock	-0.59	-0.71	0.14	-0.69	-0.62	-0.38	-0.66	-0.14	-0.52	0.07		-0.22	-0.46	0.16	-0.62	0.68	0.02	-0.46	0.36	-0.18	0.19	-0.1	-0.3	-0.42	-0.63	1.0
Long Term Debt	0.76	0.45	0.9	0.55	0.64	0.95	0.6	0.72	0.71	0.91	-0.22		0.91	-0.76	0.61	-0.03	-0.69	0.65	-0.66	0.99	-0.62	0.56	0.4	0.43	0.57	-0.22
Good Will	0.95	0.76	0.68	0.82	0.88	0.98	0.86	0.72	0.9	0.76	-0.46	0.91		-0.81	0.78	-0.3	-0.42	0.84	-0.84	0.9	-0.61	0.54	0.6	0.7	0.78	-0.46
Treasury Stock	-0.83	-0.66	-0.6	-0.74	-0.8	-0.87	-0.77	-0.54	-0.85	-0.71	0.16	-0.76	-0.81		-0.61	0.07	0.37	-0.76	0.83	-0.74	0.8	-0.35	-0.57	-0.58	-0.56	0.16
Property Plant Equipment	0.86	0.83	0.22	0.85	0.8	0.75	0.87	0.76	0.73	0.36	-0.62	0.61	0.78	-0.61		-0.55	-0.2	0.82	-0.82	0.58	-0.43	0.47	0.86	0.8	0.84	-0.62
Current Deferred Revenue	-0.45	-0.64	0.26	-0.61	-0.47	-0.18	-0.55	-0.14	-0.32	0.12	0.68	-0.03	-0.3	0.07	-0.55		-0.26	-0.44	0.28	-0.02	0.1	-0.53	-0.43	-0.58	-0.54	0.68
Net Tangible Assets	-0.23	0.11	-0.76	0.0	-0.07	-0.54	-0.05	-0.43	-0.12	-0.64	0.02	-0.69	-0.42	0.37	-0.2	-0.26		-0.08	0.13	-0.68	0.32	-0.32	0.08	0.2	-0.11	0.02
Capital Surpluse	0.9	0.86	0.36	0.89	0.89	0.8	0.9	0.67	0.85	0.52	-0.46	0.65	0.84	-0.76	0.82	-0.44	-0.08		-0.85	0.64	-0.59	0.46	0.85	0.93	0.92	-0.46
Accumulated Depreciation	-0.9	-0.83	-0.34	-0.86	-0.88	-0.82	-0.89	-0.74	-0.86	-0.45	0.36	-0.66	-0.84	0.83	-0.82	0.28	0.13	-0.85		-0.64	0.56	-0.29	-0.82	-0.82	-0.74	0.36
Long Term Debt Total	0.75	0.44	0.9	0.53	0.63	0.94	0.58	0.74	0.69	0.92	-0.18	0.99	0.9	-0.74	0.58	-0.02	-0.68	0.64	-0.64		-0.56	0.6	0.41	0.44	0.57	-0.18
Short Long Term Debt	-0.6	-0.46	-0.52	-0.55	-0.58	-0.66	-0.55	-0.27	-0.65	-0.58	0.19	-0.62	-0.61	0.8	-0.43	0.1	0.32	-0.59	0.56	-0.56		-0.24	-0.32	-0.4	-0.37	0.19
Net Invested Capital	0.46	0.32	0.51	0.37	0.35	0.52	0.37	0.53	0.31	0.6	-0.1	0.56	0.54	-0.35	0.47	-0.53	-0.32	0.46	-0.29	0.6	-0.24		0.39	0.45	0.46	-0.1
Cash And Equivalents	0.71	0.74	0.07	0.74	0.69	0.57	0.76	0.76	0.61	0.24	-0.3	0.4	0.6	-0.57	0.86	-0.43	0.08	0.85	-0.82	0.41	-0.32	0.39		0.91	0.81	-0.3
Net Working Capital	0.8	0.86	0.11	0.85	0.82	0.61	0.85	0.63	0.74	0.3	-0.42	0.43	0.7	-0.58	0.8	-0.58	0.2	0.93	-0.82	0.44	-0.4	0.45	0.91		0.87	-0.42
Long Term Investments	0.84	0.83	0.24	0.85	0.82	0.72	0.85	0.69	0.73	0.36	-0.63	0.57	0.78	-0.56	0.84	-0.54	-0.11	0.92	-0.74	0.57	-0.37	0.46	0.81	0.87		-0.63
Capital Stock	-0.59	-0.71	0.14	-0.69	-0.62	-0.38	-0.66	-0.14	-0.52	0.07	1.0	-0.22	-0.46	0.16	-0.62	0.68	0.02	-0.46	0.36	-0.18	0.19	-0.1	-0.3	-0.42	-0.63

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Applied Industrial

In accordance with the recently published financial statements, Applied Industrial Technologies has a Beta of 1.08. This is 21.17% lower than that of the Trading Companies & Distributors sector and 16.92% lower than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.

Applied Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Applied Industrial's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Applied Industrial could also be used in its relative valuation, which is a method of valuing Applied Industrial by comparing valuation metrics of similar companies.

Applied Industrial is currently under evaluation in beta category among its peers.

Applied Industrial ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Applied Industrial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Applied Industrial's managers, analysts, and investors.

Environmental

Governance

Social

Applied Industrial Institutional Holders

Institutional Holdings refers to the ownership stake in Applied Industrial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Applied Industrial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Applied Industrial's value.

		Shares
Capital Research Global Investors	2024-09-30	561.3 K
Fiduciary Management, Inc. Of Milwaukee	2024-09-30	530.6 K
Wellington Management Company Llp	2024-09-30	527.9 K
Btim Corp	2024-12-31	502.8 K
Northern Trust Corp	2024-09-30	454 K
Alyeska Investment Group, L.p.	2024-09-30	437.5 K
Allspring Global Investments Holdings, Llc	2024-12-31	417 K
Brown Advisory Holdings Inc	2024-09-30	401.9 K
Ameriprise Financial Inc	2024-09-30	389.4 K
Blackrock Inc	2024-09-30	4.8 M
Vanguard Group Inc	2024-09-30	4.6 M

Applied Industrial returns are very sensitive to returns on the market. As the market goes up or down, Applied Industrial is expected to follow.

Applied Fundamentals

	Return On Equity	0.23
	Return On Asset	0.11
	Profit Margin	0.09 %
	Operating Margin	0.11 %
	Current Valuation	10.45 B
	Shares Outstanding	38.38 M
	Shares Owned By Insiders	1.22 %
	Shares Owned By Institutions	95.71 %
	Number Of Shares Shorted	738.03 K
	Price To Earning	44.62 X
	Price To Book	5.68 X
	Price To Sales	2.27 X
	Revenue	4.48 B
	Gross Profit	1.35 B
	EBITDA	571.03 M
	Net Income	385.76 M
	Cash And Equivalents	344.04 M
	Cash Per Share	3.83 X
	Total Debt	734.94 M
	Debt To Equity	0.53 %
	Current Ratio	3.08 X
	Book Value Per Share	46.73 X
	Cash Flow From Operations	371.39 M
	Short Ratio	2.13 X
	Earnings Per Share	9.87 X
	Price To Earnings To Growth	2.75 X
	Target Price	298.57
	Number Of Employees	6.92 K
	Beta	1.08
	Market Capitalization	10.18 B
	Total Asset	2.95 B
	Retained Earnings	2.12 B
	Working Capital	1.27 B
	Current Asset	437.35 M
	Current Liabilities	151.33 M
	Annual Yield	0.01 %
	Five Year Return	1.75 %
	Net Asset	2.95 B
	Last Dividend Paid	1.48

About Applied Industrial Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Applied Industrial Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Applied Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Applied Industrial Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Applied Stock Analysis

When running Applied Industrial's price analysis, check to measure Applied Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Applied Industrial is operating at the current time. Most of Applied Industrial's value examination focuses on studying past and present price action to predict the probability of Applied Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied Industrial's price. Additionally, you may evaluate how the addition of Applied Industrial to your portfolios can decrease your overall portfolio volatility.

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