Applied Industrial TechnologiesFRA:AT4 +1.53%88 PB Ratio is 6.42 as of Jul. 11, 2026, which is 77% above its 10-year median of 3.63. GuruFocus rates FRA:AT4 with a GF Score™ of 88/100 and a GF Value™ of €217.86 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 155 Industrial Distribution companies, Applied Industrial Technologies ranks worse than 92.26% on this metric.
Applied Industrial Technologies Inc stock PB Ratio (=6.42) is close to 10-year high of 6.73.
The historical rank and industry rank for Applied Industrial Technologies's PB Ratio or its related term are showing as below:
FRA:AT4'
s PB Ratio Range Over the Past 10 Years
Min: 1.41 Med: 3.63 Max: 6.73
Current: 6.52
During the past 13 years, Applied Industrial Technologies's highest PB Ratio was 6.73. The lowest was 1.41. And the median was 3.63.
FRA:AT4's PB Ratio is ranked worse than 92.26% of 155
companies
in the Industrial Distribution industry
Industry Median: 1.11
vs FRA:AT4: 6.52
During the past 12 months, Applied Industrial Technologies's average Book Value Per Share Growth Rate was 4.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 18.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Applied Industrial Technologies was 22.00% per year. The lowest was -2.20% per year. And the median was 7.80% per year.
Back to Basics: PB Ratio
Applied Industrial Technologies (FRA:AT4) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Applied Industrial Technologies PB Ratio Related Terms
Applied Industrial Technologies PB Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Industrial Distribution subindustry, Applied Industrial Technologies's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Applied Industrial Technologies PB Ratio vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Applied Industrial Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where Applied Industrial Technologies's PB Ratio falls into.
Applied Industrial Technologies PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Applied Industrial Technologies (FRA:AT4) has a PB Ratio of 6.42 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Applied Industrial Technologies and its competitors. This is 77% above median its historical median of 3.63. Over the past decade, Applied Industrial Technologies' PB Ratio has ranged from 1.41 to 6.73. According to the industry distribution chart, Applied Industrial Technologies ranks #143 out of 155 companies in the Industrial Distribution industry, placing it in the top 92.3%.
Is Applied Industrial Technologies' PB Ratio too high?
Applied Industrial Technologies' current PB Ratio of 6.42 is 77% above median its 10-year median of 3.63. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 6.73. The Industrial Distribution industry median PB Ratio is 1.11. Applied Industrial Technologies' value of 6.42 is 478.4% above this industry median. Based on the distribution chart, Applied Industrial Technologies ranks #143 out of 155 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Applied Industrial Technologies has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Industrial Technologies' PB Ratio compare to QXO and CNM?
According to the Industrial Distribution industry distribution chart, Applied Industrial Technologies ranks #143 out of 155 companies for PB Ratio. This places Applied Industrial Technologies in the lower half of its industry. The industry median PB Ratio is 1.11. Applied Industrial Technologies' value of 6.42 is 478.4% above this benchmark. Historically, Applied Industrial Technologies' own PB Ratio has ranged from 1.41 to 6.73 over the past decade. While the company's 10-year median is 3.63 vs. the industry median of 1.11, Applied Industrial Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Industrial Distribution company?
The median PB Ratio among Industrial Distribution companies is 1.11, based on 155 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Applied Industrial Technologies's current PB Ratio of 6.42 is 478.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Applied Industrial Technologies and its competitors. For the Industrial Distribution industry, the median PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Industrial Technologies's current PB Ratio is 6.42, which is 77% above median its own 10-year median of 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Industrial Technologies stock overvalued right now?
Based on GuruFocus' analysis, Applied Industrial Technologies (FRA:AT4) is currently considered Modestly Overvalued. The stock's GF Value™ is €217.86, compared to a current price of €278.60 — trading 27.9% above its estimated fair value. The current PB Ratio is 6.42, which is 77% above median its 10-year median of 3.63 and 478.4% above the Industrial Distribution industry median of 1.11. Applied Industrial Technologies' overall GF Score™ is 88/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Applied Industrial Technologies (FRA:AT4), the current PB Ratio is 6.42 as of Jul. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Applied Industrial Technologies (FRA:AT4) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Industrial Technologies stock appears to be overvalued.
The current stock price of €278.60 is trading 27.9% above its estimated GF Value™ of €217.86.
GuruFocus considers Applied Industrial Technologies to be Modestly Overvalued.
Key valuation signals for FRA:AT4:
PB Ratio: 6.42 (77% above median its 10-year median of 3.63)
GF Value™: €217.86 vs. price of €278.60 (27.9% above fair value)
Industry Position: 478.4% above the Industrial Distribution median (#143 of 155)
No single metric tells the full story. See the FRA:AT4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Industrial Technologies Business Description
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. The company's reportable segments are; Service Center Based Distribution which derives key revenue, and Engineered Solutions. Geographically, the company derives its key revenue from the United States and the rest from Canada and other countries.
88GF Score
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