Is Applied Industrial Technologies, Inc. overvalued or undervalued?

As of 23 May 2025, the valuation grade for Applied Industrial Technologies, Inc. has moved from expensive to fair. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 30, an EV to EBITDA of 21.28, and a ROCE of 26.37%.
In comparison to peers, Genuine Parts Co. has a P/E of 16.70 and an EV to EBITDA of 11.31, indicating it is expensive, while WESCO International, Inc. is rated attractive with a P/E of 15.35. The stock has performed well recently, with a one-year return of 23.01%, significantly outpacing the S&P 500's 10.26% return over the same period, reinforcing the company's fair valuation status.