Parker-Hannifin (NYSE:PH) Seems To Use Debt Quite Sensibly
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U.S. Machinery Industry Analysis
UpdatedOct 14, 2024
DataAggregated Company Financials
Companies176
- 7D1.7%
- 3M5.3%
- 1Y27.8%
- YTD15.2%
The Machinery industry is up 1.7% in the last week, with PACCAR up 5.1%. This takes the industry's 12 month performance to a gain of 28%. As for the next few years, earnings are expected to grow by 8.8% per annum.
Industry Valuation and Performance
Has the U.S. Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Oct 2024 | US$1.1t | US$474.2b | US$49.4b | 21.5x | 21.8x | 2.3x |
| Thu, 12 Sep 2024 | US$968.7b | US$474.1b | US$49.5b | 20.5x | 19.6x | 2x |
| Sat, 10 Aug 2024 | US$955.9b | US$476.5b | US$50.2b | 21x | 19.1x | 2x |
| Mon, 08 Jul 2024 | US$945.2b | US$476.9b | US$51.6b | 19.7x | 18.3x | 2x |
| Wed, 05 Jun 2024 | US$974.5b | US$477.0b | US$51.3b | 22.1x | 19x | 2x |
| Fri, 03 May 2024 | US$989.2b | US$478.6b | US$51.7b | 21.1x | 19.1x | 2.1x |
| Sun, 31 Mar 2024 | US$1.1t | US$476.8b | US$47.9b | 23.9x | 22.2x | 2.2x |
| Tue, 27 Feb 2024 | US$987.1b | US$476.5b | US$47.5b | 24.3x | 20.8x | 2.1x |
| Thu, 25 Jan 2024 | US$956.3b | US$486.4b | US$48.3b | 22.6x | 19.8x | 2x |
| Sat, 23 Dec 2023 | US$964.1b | US$484.9b | US$47.8b | 22.8x | 20.2x | 2x |
| Mon, 20 Nov 2023 | US$880.7b | US$484.0b | US$47.5b | 20.4x | 18.5x | 1.8x |
| Wed, 18 Oct 2023 | US$884.2b | US$475.2b | US$44.4b | 20.3x | 19.9x | 1.9x |
| Fri, 15 Sep 2023 | US$886.2b | US$475.0b | US$44.4b | 20.3x | 20x | 1.9x |
| Sun, 13 Aug 2023 | US$936.8b | US$473.4b | US$43.5b | 20.6x | 21.5x | 2x |
| Tue, 11 Jul 2023 | US$916.2b | US$459.8b | US$40.2b | 20.5x | 22.8x | 2x |
| Thu, 08 Jun 2023 | US$835.4b | US$460.8b | US$40.4b | 20.3x | 20.7x | 1.8x |
| Sat, 06 May 2023 | US$821.6b | US$456.6b | US$40.0b | 18.9x | 20.5x | 1.8x |
| Mon, 03 Apr 2023 | US$847.5b | US$442.8b | US$37.4b | 21.9x | 22.7x | 1.9x |
| Wed, 01 Mar 2023 | US$857.7b | US$442.4b | US$38.1b | 22.9x | 22.5x | 1.9x |
| Fri, 27 Jan 2023 | US$861.0b | US$441.3b | US$36.9b | 23.3x | 23.3x | 2x |
| Sun, 25 Dec 2022 | US$816.3b | US$439.3b | US$35.9b | 20.3x | 22.7x | 1.9x |
| Tue, 22 Nov 2022 | US$823.3b | US$435.1b | US$34.6b | 21.6x | 23.8x | 1.9x |
| Thu, 20 Oct 2022 | US$722.6b | US$422.3b | US$35.4b | 19.4x | 20.4x | 1.7x |
| Sat, 17 Sep 2022 | US$712.0b | US$421.8b | US$35.2b | 19.1x | 20.2x | 1.7x |
| Mon, 15 Aug 2022 | US$793.5b | US$419.0b | US$35.2b | 22.4x | 22.6x | 1.9x |
| Wed, 13 Jul 2022 | US$671.3b | US$410.7b | US$35.3b | 20.2x | 19x | 1.6x |
| Fri, 10 Jun 2022 | US$758.3b | US$409.9b | US$35.5b | 22.4x | 21.3x | 1.9x |
| Sun, 08 May 2022 | US$763.9b | US$409.5b | US$36.0b | 21.2x | 21.2x | 1.9x |
| Tue, 05 Apr 2022 | US$839.0b | US$404.8b | US$36.3b | 24.6x | 23.1x | 2.1x |
| Thu, 03 Mar 2022 | US$807.0b | US$402.0b | US$36.2b | 27.3x | 22.3x | 2x |
| Sat, 29 Jan 2022 | US$837.9b | US$398.9b | US$36.5b | 27.3x | 22.9x | 2.1x |
| Mon, 27 Dec 2021 | US$874.5b | US$397.2b | US$36.3b | 30x | 24.1x | 2.2x |
| Wed, 24 Nov 2021 | US$904.8b | US$395.2b | US$35.7b | 31.8x | 25.3x | 2.3x |
| Fri, 22 Oct 2021 | US$870.2b | US$384.9b | US$32.7b | 29.9x | 26.6x | 2.3x |
Price to Earnings Ratio
26.6x
Current Industry PE
- Investors are relatively neutral on the American Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 21.4x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 7.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | 1.47% | |
| Industrials | 2.15% | |
| Machinery | 1.73% | |
| Industrial Machinery | 1.81% | |
| Construction Machinery and Vehicles | 1.79% | |
| Agricultural Machinery | 1.28% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 29.2x.
- Analysts are expecting annual earnings growth of 16.5%, which is higher than its past year's earnings growth of 13.1% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading close to its 3-year average of 14.3x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PCAR PACCAR | US$108.22 | 5.1% +US$2.7b | 27.2% | PE11.4x | |
| PH Parker-Hannifin | US$643.53 | 2.2% +US$1.8b | 62.1% | PE29.1x | |
| ITW Illinois Tool Works | US$261.50 | 2.1% +US$1.6b | 11.9% | PE25.3x | |
| WAB Westinghouse Air Brake Technologies | US$188.37 | 3.5% +US$1.1b | 79.7% | PE32.5x | |
| IR Ingersoll Rand | US$102.44 | 2.4% +US$976.4m | 57.7% | PE50.1x |
