Parker Hannifin Stock Beta

PH Stock

USD 706.87 4.19 0.60%

Parker Hannifin fundamentals help investors to digest information that contributes to Parker Hannifin's financial success or failures. It also enables traders to predict the movement of Parker Stock. The fundamental analysis module provides a way to measure Parker Hannifin'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 Parker Hannifin stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Parker Hannifin Company Beta Analysis

Parker Hannifin'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 Parker Hannifin Beta

1.43

Most of Parker Hannifin'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, Parker Hannifin is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Parker Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Parker Hannifin is extremely important. It helps to project a fair market value of Parker Stock properly, considering its historical fundamentals such as Beta. Since Parker Hannifin'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 Parker Hannifin'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 Parker Hannifin's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Net Tangible Assets	Total Permanent Equity	Short Term Investments	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Long Term Investments	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Current Deferred Revenue	Capital Stock
Total Assets		0.96	0.94	0.97	0.68	0.99	0.53	0.83	0.92	0.95	0.6	0.88	0.97	-0.77	0.8	0.52	0.59	-0.6	0.83	-0.88	0.82	-0.85	0.47	0.42	0.88	-0.19	-0.16	0.73	-0.57
Total Stockholder Equity	0.96		0.83	0.95	0.62	0.9	0.45	0.84	0.9	0.95	0.63	0.73	0.91	-0.64	0.77	0.63	0.46	-0.65	0.7	-0.79	0.85	-0.75	0.57	0.5	0.82	-0.24	-0.27	0.7	-0.69
Net Debt	0.94	0.83		0.88	0.56	0.96	0.47	0.8	0.89	0.8	0.38	0.94	0.95	-0.73	0.79	0.42	0.73	-0.61	0.89	-0.92	0.79	-0.84	0.32	0.41	0.92	-0.28	-0.1	0.74	-0.49
Retained Earnings	0.97	0.95	0.88		0.68	0.95	0.52	0.74	0.86	0.95	0.69	0.85	0.95	-0.84	0.76	0.44	0.6	-0.55	0.8	-0.84	0.77	-0.83	0.47	0.26	0.78	-0.13	-0.13	0.61	-0.59
Net Receivables	0.68	0.62	0.56	0.68		0.69	0.79	0.4	0.46	0.76	0.83	0.62	0.6	-0.74	0.7	0.14	0.21	-0.11	0.71	-0.65	0.3	-0.7	0.51	0.04	0.56	-0.07	0.13	0.48	0.09
Total Liab	0.99	0.9	0.96	0.95	0.69		0.56	0.8	0.89	0.91	0.57	0.94	0.96	-0.82	0.79	0.44	0.65	-0.55	0.88	-0.9	0.78	-0.87	0.4	0.36	0.88	-0.16	-0.09	0.72	-0.49
Total Current Assets	0.53	0.45	0.47	0.52	0.79	0.56		0.25	0.2	0.55	0.59	0.6	0.38	-0.61	0.37	-0.04	0.14	0.05	0.64	-0.51	0.05	-0.63	0.23	-0.05	0.5	0.08	0.58	0.28	0.15
Short Term Debt	0.83	0.84	0.8	0.74	0.4	0.8	0.25		0.92	0.76	0.35	0.6	0.79	-0.37	0.72	0.83	0.43	-0.7	0.58	-0.64	0.91	-0.49	0.53	0.79	0.84	-0.29	-0.48	0.89	-0.68
Intangible Assets	0.92	0.9	0.89	0.86	0.46	0.89	0.2	0.92		0.83	0.4	0.74	0.94	-0.56	0.83	0.71	0.6	-0.72	0.71	-0.81	0.97	-0.67	0.51	0.62	0.88	-0.3	-0.48	0.84	-0.68
Accounts Payable	0.95	0.95	0.8	0.95	0.76	0.91	0.55	0.76	0.83		0.72	0.76	0.89	-0.75	0.72	0.53	0.45	-0.54	0.7	-0.78	0.74	-0.81	0.53	0.37	0.76	-0.14	-0.16	0.66	-0.52
Common Stock	0.6	0.63	0.38	0.69	0.83	0.57	0.59	0.35	0.4	0.72		0.41	0.51	-0.67	0.59	0.17	0.05	-0.15	0.47	-0.42	0.29	-0.47	0.6	-0.02	0.35	-0.06	-0.06	0.27	-0.16
Long Term Debt	0.88	0.73	0.94	0.85	0.62	0.94	0.6	0.6	0.74	0.76	0.41		0.89	-0.86	0.7	0.17	0.76	-0.45	0.94	-0.93	0.61	-0.91	0.17	0.14	0.82	-0.05	0.17	0.55	-0.32
Good Will	0.97	0.91	0.95	0.95	0.6	0.96	0.38	0.79	0.94	0.89	0.51	0.89		-0.77	0.83	0.46	0.7	-0.67	0.84	-0.92	0.85	-0.84	0.39	0.39	0.86	-0.22	-0.22	0.69	-0.58
Treasury Stock	-0.77	-0.64	-0.73	-0.84	-0.74	-0.82	-0.61	-0.37	-0.56	-0.75	-0.67	-0.86	-0.77		-0.59	0.0	-0.63	0.17	-0.8	0.76	-0.4	0.84	-0.23	0.21	-0.55	-0.07	-0.18	-0.33	0.16
Property Plant Equipment	0.8	0.77	0.79	0.76	0.7	0.79	0.37	0.72	0.83	0.72	0.59	0.7	0.83	-0.59		0.46	0.48	-0.57	0.83	-0.84	0.75	-0.63	0.58	0.43	0.85	-0.36	-0.34	0.74	-0.31
Net Tangible Assets	0.52	0.63	0.42	0.44	0.14	0.44	-0.04	0.83	0.71	0.53	0.17	0.17	0.46	0.0	0.46		0.11	-0.51	0.18	-0.28	0.81	-0.12	0.66	0.82	0.59	-0.23	-0.69	0.83	-0.65
Total Permanent Equity	0.59	0.46	0.73	0.6	0.21	0.65	0.14	0.43	0.6	0.45	0.05	0.76	0.7	-0.63	0.48	0.11		-0.51	0.72	-0.75	0.57	-0.57	-0.1	0.05	0.58	0.03	0.04	0.38	-0.39
Short Term Investments	-0.6	-0.65	-0.61	-0.55	-0.11	-0.55	0.05	-0.7	-0.72	-0.54	-0.15	-0.45	-0.67	0.17	-0.57	-0.51	-0.51		-0.45	0.59	-0.79	0.3	-0.17	-0.64	-0.6	0.17	0.33	-0.5	0.77
Long Term Debt Total	0.83	0.7	0.89	0.8	0.71	0.88	0.64	0.58	0.71	0.7	0.47	0.94	0.84	-0.8	0.83	0.18	0.72	-0.45		-0.95	0.59	-0.81	0.31	0.17	0.86	-0.1	0.15	0.6	-0.21
Capital Surpluse	-0.88	-0.79	-0.92	-0.84	-0.65	-0.9	-0.51	-0.64	-0.81	-0.78	-0.42	-0.93	-0.92	0.76	-0.84	-0.28	-0.75	0.59	-0.95		-0.71	0.88	-0.26	-0.25	-0.89	0.17	-0.03	-0.64	0.34
Deferred Long Term Liab	0.82	0.85	0.79	0.77	0.3	0.78	0.05	0.91	0.97	0.74	0.29	0.61	0.85	-0.4	0.75	0.81	0.57	-0.79	0.59	-0.71		-0.51	0.52	0.68	0.82	-0.28	-0.57	0.83	-0.78
Accumulated Depreciation	-0.85	-0.75	-0.84	-0.83	-0.7	-0.87	-0.63	-0.49	-0.67	-0.81	-0.47	-0.91	-0.84	0.84	-0.63	-0.12	-0.57	0.3	-0.81	0.88	-0.51		-0.16	-0.07	-0.73	0.12	-0.18	-0.47	0.2
Long Term Investments	0.47	0.57	0.32	0.47	0.51	0.4	0.23	0.53	0.51	0.53	0.6	0.17	0.39	-0.23	0.58	0.66	-0.1	-0.17	0.31	-0.26	0.52	-0.16		0.4	0.46	-0.3	-0.51	0.6	-0.31
Short Long Term Debt	0.42	0.5	0.41	0.26	0.04	0.36	-0.05	0.79	0.62	0.37	-0.02	0.14	0.39	0.21	0.43	0.82	0.05	-0.64	0.17	-0.25	0.68	-0.07	0.4		0.58	-0.33	-0.54	0.74	-0.55
Net Invested Capital	0.88	0.82	0.92	0.78	0.56	0.88	0.5	0.84	0.88	0.76	0.35	0.82	0.86	-0.55	0.85	0.59	0.58	-0.6	0.86	-0.89	0.82	-0.73	0.46	0.58		-0.31	-0.16	0.87	-0.44
Cash And Equivalents	-0.19	-0.24	-0.28	-0.13	-0.07	-0.16	0.08	-0.29	-0.3	-0.14	-0.06	-0.05	-0.22	-0.07	-0.36	-0.23	0.03	0.17	-0.1	0.17	-0.28	0.12	-0.3	-0.33	-0.31		0.43	-0.31	0.13
Net Working Capital	-0.16	-0.27	-0.1	-0.13	0.13	-0.09	0.58	-0.48	-0.48	-0.16	-0.06	0.17	-0.22	-0.18	-0.34	-0.69	0.04	0.33	0.15	-0.03	-0.57	-0.18	-0.51	-0.54	-0.16	0.43		-0.47	0.45
Current Deferred Revenue	0.73	0.7	0.74	0.61	0.48	0.72	0.28	0.89	0.84	0.66	0.27	0.55	0.69	-0.33	0.74	0.83	0.38	-0.5	0.6	-0.64	0.83	-0.47	0.6	0.74	0.87	-0.31	-0.47		-0.39
Capital Stock	-0.57	-0.69	-0.49	-0.59	0.09	-0.49	0.15	-0.68	-0.68	-0.52	-0.16	-0.32	-0.58	0.16	-0.31	-0.65	-0.39	0.77	-0.21	0.34	-0.78	0.2	-0.31	-0.55	-0.44	0.13	0.45	-0.39

Click cells to compare fundamentals

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 Parker Hannifin

In accordance with the recently published financial statements, Parker Hannifin has a Beta of 1.432. This is 4.53% higher than that of the Machinery sector and significantly higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.

Parker Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Parker Hannifin'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 Parker Hannifin could also be used in its relative valuation, which is a method of valuing Parker Hannifin by comparing valuation metrics of similar companies.

Parker Hannifin is currently under evaluation in beta category among its peers.

Parker Hannifin Current Valuation Drivers

We derive many important indicators used in calculating different scores of Parker Hannifin from analyzing Parker Hannifin's financial statements. These drivers represent accounts that assess Parker Hannifin's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Parker Hannifin's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	23.5B	39.6B	31.6B	50.1B	64.4B	67.6B
Enterprise Value	31.3B	45.5B	42.6B	62.2B	74.5B	78.2B

Parker Hannifin 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, Parker Hannifin's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Parker Hannifin's managers, analysts, and investors.

Environmental

Governance

Social

Parker Hannifin Institutional Holders

Institutional Holdings refers to the ownership stake in Parker Hannifin that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Parker Hannifin'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 Parker Hannifin's value.

		Shares
Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main	2024-09-30	1.8 M
Norges Bank	2024-06-30	1.7 M
Charles Schwab Investment Management Inc	2024-09-30	1.6 M
Nuveen Asset Management, Llc	2024-06-30	1.5 M
Wellington Management Company Llp	2024-06-30	1.4 M
Northern Trust Corp	2024-09-30	1.2 M
Royal Bank Of Canada	2024-06-30	1 M
Legal & General Group Plc	2024-06-30	985.3 K
Goldman Sachs Group Inc	2024-06-30	952.5 K
Vanguard Group Inc	2024-09-30	10.7 M
Blackrock Inc	2024-06-30	8.7 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Parker Hannifin will likely underperform.

Parker Fundamentals

	Return On Equity	0.25
	Return On Asset	0.0855
	Profit Margin	0.14 %
	Operating Margin	0.20 %
	Current Valuation	100.81 B
	Shares Outstanding	128.72 M
	Shares Owned By Insiders	0.25 %
	Shares Owned By Institutions	84.09 %
	Number Of Shares Shorted	1.03 M
	Price To Earning	24.97 X
	Price To Book	7.06 X
	Price To Sales	4.55 X
	Revenue	19.93 B
	Gross Profit	6.57 B
	EBITDA	4.9 B
	Net Income	2.84 B
	Cash And Equivalents	475.18 M
	Cash Per Share	4.39 X
	Total Debt	10.56 B
	Debt To Equity	1.31 %
	Current Ratio	2.06 X
	Book Value Per Share	100.15 X
	Cash Flow From Operations	3.38 B
	Short Ratio	1.96 X
	Earnings Per Share	22.20 X
	Price To Earnings To Growth	3.22 X
	Target Price	720.71
	Number Of Employees	61.12 K
	Beta	1.43
	Market Capitalization	90.99 B
	Total Asset	29.3 B
	Retained Earnings	19.1 B
	Working Capital	(514.68 M)
	Current Asset	5.21 B
	Current Liabilities	2.37 B
	Annual Yield	0.01 %
	Five Year Return	1.61 %
	Net Asset	29.3 B
	Last Dividend Paid	6.22

About Parker Hannifin Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Parker Hannifin's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parker Hannifin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parker Hannifin 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.

Currently Active Assets on Macroaxis

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America
S	SentinelOne
WD	Walker Dunlop

How To Invest In Parker

Details

Is Parker Stock a good investment?

Details

What is Parker Hannifin's Net Worth?

Details

Largest Industrial Machinery & Supplies & Components Companies

View

Largest Specialty Industrial Machinery Companies

View

Check out Parker Hannifin Piotroski F Score and Parker Hannifin Altman Z Score analysis.

For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.

You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parker Hannifin. If investors know Parker will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parker Hannifin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.07

Dividend Share

6.22

Earnings Share

22.2

Revenue Per Share

155.467

Quarterly Revenue Growth

0.012

The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Parker Hannifin Stock Beta

Parker Hannifin Company Beta Analysis

Beta

Covariance

Variance

Current Parker Hannifin Beta

Parker Beta Driver Correlations

Parker Beta Peer Comparison

Parker Hannifin Current Valuation Drivers

Parker Hannifin ESG Sustainability

Parker Hannifin Institutional Holders

Parker Fundamentals

About Parker Hannifin Fundamental Analysis

Currently Active Assets on Macroaxis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY