Parker-Hannifin Corporation (PH) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Parker-Hannifin Corporation stock $495, price $893, upside -44.6%, quality 70 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 21, 2026.
How to read this chart
60‑month range $224.48 – $1,072 · fair‑value band $312.47 – $654.26 · the $893.21 price screens above the $495.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 21, 2026.
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Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets in North America, Europe, Asia Pacific, and Latin America.
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The company operates through two segments: Diversified Industrial and Aerospace Systems.
It offers various motion-control systems and components, such as active and passive vibration control, high purity sealing, coatings, high temperature sealing, cryogenic valves and fittings, HVAC/R controls and monitoring, elastomeric, fabric reinforced, metal, precision cut seals, hydrogen and natural gas filters, electric and hydraulic pumps and motors, industrial air, gas filtration, electric and hydraulic valves, miniature pumps and valves, electromagnetic interface shielding, pneumatic actuators, regulators and valves, electromechanical and hydraulic actuators, power take offs, electronics, drives and controllers, process filtration solutions, engine filtration solutions, rubber to substrate adhesives, fluid condition monitoring, sensors and diagnostics, fluid conveyance hose and tubing, structural adhesives, high pressure connectors, fittings, valves and regulators, thermal management, high purity fittings.
The company also provides products for use in commercial and defense airframe and engine programs, such as avionics, electric and hydraulic braking systems, electric power, electromechanical actuators, engine exhaust systems and components, fire detection and suppression, flight control systems, fluid conveyance, fuel systems and components, fuel tank inserting systems, hydraulic pumps and motors, hydraulic valves and actuators, pneumatics, seals, sensors, and thermal management products.
The company sells its products to original equipment manufacturers, distributors, direct-sales employees. Parker-Hannifin Corporation was founded in 1917 and is headquartered in Cleveland, Ohio.
Stock analysis
Parker-Hannifin Corporation (PH) currently trades at $893.21, while our model-based Fair Value estimate is $495.17, 44.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $526.40 per share, and 0 of the 24 models we run sit above the $893.21 price.
Bear case: the Dividend Discount group reads lowest at $102.90, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $312.47 (bear) to $654.26 (bull), the price of $893.21 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Parker-Hannifin Corporation reported revenue of $21.5B in FY2026 versus $15.9B in FY2022, a compound +7.9%/yr. Reported net income was $3.6B in FY2026, compounding +29.1%/yr from FY2022.
Key figures
Market cap $114B Large · P/E ratio 31.4 · P/S ratio 5.70 · EPS (TTM) $28.48 · Dividend yield 0.8% · Net margin 17.0% · Return on equity 25.1% · Return on assets (EBIT) 12.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 78 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −45% fair-value upside, at −45%, PH screens cheaper than that median.
Fair Value models
Bear$312.47Fair Value $495.17Bull$654.26
Price $893.21 · Upside -44.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then ($6.64 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Start year 2021 (pandemic). Over 10 years: +6.6% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+23.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.1%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.23.1% vs 15.1%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 22%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+17.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +14.6% a year for the price and +5.7% for the forecasts.
AI conclusion: Moderate moat potential from profitability metrics forms the main strength while limited public nonfinancial data and cyclical exposure in core segments remain the key weakness.
Main risk: Cyclical exposure in core industrial segments risks reducing demand stability and pressuring margins during periods of uneven project activity.
Parker-Hannifin recently completed its acquisition of Filtration Group, expanding filtration technologies and aftermarket presence to capture more recurring revenue. This adds to the record fiscal 2026 results powered by aerospace growth and industrial demand. Our models currently see the shares as overvalued. Will the shift toward higher-quality, recurring businesses deliver enough to justify the premium, or will integration costs and cyclical exposure in core segments hold it back?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 800 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−48.3% · Below median
Profitability
Return on equity (12 months)25.1% · Top 25%
Return on assets11.8% · Top 25%
Net margin (12 months)17.0% · Top 25%
Operating margin (12 months)23.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)9.8% · Above median
Dividend yield (12 months)0.8% · Below median
Balance sheet
Debt / equity0.44× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)31.4× · Pricier than median
P/B7.95× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)5.70× · Priciest 25%
Price / free cash flow31.4× · Pricier than median
EV/EBITDA22.7× · Pricier than median
PEG3.23× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)49· sector 32
PAST (return on equity)100· sector 27
HEALTH (low debt)78· sector 95
DIVIDEND (yield)17· sector 27
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Parker-Hannifin Corporation Fair Value". https://www.fairvalue-calculator.com/stock/PH
Frequently asked questions
Is Parker-Hannifin Corporation (PH) overvalued or undervalued?
As of Oct 21, 2026, our model estimates a fair value of $495.17 versus a price of $893.21, about −45% upside (overvalued).
What is the fair value of PH?
Our model-based fair value for Parker-Hannifin Corporation is $495.17 (as of Oct 21, 2026), built from audited fundamentals. The current price: $893.21.
What is the quality score of PH?
Parker-Hannifin Corporation has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Parker-Hannifin Corporation (PH)?
Our model-based price target is the fair value of $495.17 (as of Oct 21, 2026) from 24 valuation models. Cautious scenario $312.47, optimistic scenario $654.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Parker-Hannifin Corporation stock forecast for 2026?
Our models put fair value at $495.17, about −45% upside versus a price of $893.21 (overvalued). Cautious scenario $312.47, optimistic scenario $654.26. The calculation is refreshed regularly with new filings.
What is the revenue of Parker-Hannifin Corporation (PH)?
Parker-Hannifin Corporation reported trailing-twelve-month revenue of about $21.5B (latest available figure, as of Oct 21, 2026).
Does Parker-Hannifin Corporation pay a dividend?
Parker-Hannifin Corporation currently shows a dividend yield of 0.83% relative to its recent price (as of Oct 21, 2026).
What growth is priced into Parker-Hannifin Corporation (PH)?
For today's price to be fair in a discounted-cash-flow model, Parker-Hannifin Corporation would have to grow free cash flow by +17.3 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Oct 21, 2026.
What discount rate (WACC) does the fair value of PH use?
Our models discount Parker-Hannifin Corporation at 9.5 %: a base by market capitalisation (large), damped by beta 1.12, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Parker-Hannifin Corporation that is +17.3 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Parker-Hannifin Corporation (PH) delivered so far?
Over the past 5 years revenue at Parker-Hannifin Corporation grew +8.4 % a year. The price currently implies +17.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Parker-Hannifin Corporation (PH) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Parker-Hannifin Corporation (+17.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Parker-Hannifin Corporation (PH)?
The free-cash-flow yield on the price is 3.42 %: that much free cash flow Parker-Hannifin Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Parker-Hannifin Corporation (PH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Parker-Hannifin Corporation it is $495.17 per share (as of Oct 21, 2026), against a price of $893.21. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Parker-Hannifin Corporation stock overvalued or undervalued in 2026?
As of Oct 21, 2026, PH trades above its calculated fair value: price $893.21, fair value $495.17, a gap of about −45% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PH?
No. The price is what the market pays today ($893.21); the fair value is what the company's own numbers justify ($495.17). For Parker-Hannifin Corporation the two are $398.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Parker-Hannifin Corporation worth?
The market values Parker-Hannifin Corporation at about $114B (market capitalisation, as of Oct 21, 2026). Per share that is $893.21; our models calculate a fair value of $495.17 per share.
What do the bullish and bearish scenarios say about PH?
Our models span a range for Parker-Hannifin Corporation: cautious scenario $312.47, base $495.17, optimistic $654.26 per share (as of Oct 21, 2026, price $893.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PH?
Parker-Hannifin Corporation trades at a price-to-earnings ratio of 31.4 (as of Oct 21, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $495.17 is built from several models across several years. Other multiples: PEG 3.2, P/B 8.0, P/S 5.7, EV/EBITDA 22.7.
What is the PEG ratio of PH?
The PEG ratio of Parker-Hannifin Corporation is 3.23 (P/E divided by earnings growth, as of Oct 21, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Parker-Hannifin Corporation (PH)?
Balance-sheet figures for Parker-Hannifin Corporation (as of Oct 21, 2026): return on equity 25.1%, debt of 0.44 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is PH from its 52-week high?
Parker-Hannifin Corporation trades at $893.21, about 17% below its 52-week high of $1,072 and 21% above the low of $735.27 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of $495.17 is for.
Which stocks are comparable to Parker-Hannifin Corporation?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Emerson Electric Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Parker-Hannifin Corporation stock attractive at the current price?
The data as of Oct 21, 2026: price $893.21, calculated fair value $495.17 (−45%), Quality Score 70/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PH calculated?
We run Parker-Hannifin Corporation through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $495.17, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Parker-Hannifin Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Parker-Hannifin Corporation (PH)?
The closing price on Oct 22, 2026 was $893.21. Our model-based fair value is $495.17, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Parker-Hannifin Corporation right now?
A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case ($654.26). The favourable scenario is already priced in. A fairly wide model range ($312.47 to $654.26) leaves room in how you read the outcome.
Where does the earnings growth of Parker-Hannifin Corporation (PH) come from?
Earnings per share at Parker-Hannifin Corporation grew +16.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share +6.9 %, EBIT margin +6.5 %, tax rate +1.4 %, residual (interest, one-offs) +0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Parker-Hannifin Corporation
How large is the market capitalisation of Parker-Hannifin Corporation (PH)?
The market capitalisation of Parker-Hannifin Corporation is $114B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Parker-Hannifin Corporation (PH)?
The price-to-sales ratio of Parker-Hannifin Corporation is 5.70 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Parker-Hannifin Corporation (PH)?
Earnings per share at Parker-Hannifin Corporation are $28.48 (price ÷ EPS = P/E 31.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Parker-Hannifin Corporation (PH)?
The dividend yield of Parker-Hannifin Corporation is 0.8% (payout 26.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Parker-Hannifin Corporation (PH)?
The net margin of Parker-Hannifin Corporation is 17.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Parker-Hannifin Corporation (PH)?
The return on equity (ROE) of Parker-Hannifin Corporation is 25.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Parker-Hannifin Corporation (PH)?
On an EBIT basis the return on assets of Parker-Hannifin Corporation is 12.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Parker-Hannifin Corporation (PH)?
The operating margin of Parker-Hannifin Corporation is 23.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Parker-Hannifin Corporation (PH)?
Revenue at Parker-Hannifin Corporation is growing +9.8% versus a year earlier (3y avg +4.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Parker-Hannifin Corporation (PH)?
Earnings per share at Parker-Hannifin Corporation are growing +19.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Parker-Hannifin Corporation (PH) carry?
The net debt of Parker-Hannifin Corporation is $8.0B (fiscal year 2026, ≈ 2.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 21, 2026