Is Applied Industrial Technologies, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Applied Industrial Technologies, Inc. moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 30, an EV to EBITDA of 21.28, and a PEG ratio of 3.07. In comparison to peers, WESCO International, Inc. has a lower P/E of 20.94, while Pool Corp. is considered very expensive with a P/E of 30.46.
Recent stock performance shows that Applied Industrial Technologies, Inc. has underperformed the S&P 500 over the past month and year, with returns of -4.46% and 5.43% respectively, while it has outperformed over the three and five-year periods with returns of 122.31% and 297.69%. This mixed performance suggests that while the stock is fairly valued, there may be some caution regarding its short-term outlook.