Applied Industrial Technologies Inc. (AIT) intrinsic value & 10-year financials
Applied Industrial Technologies Inc. (AIT) has a Graham intrinsic value of $336.14 per share. At $330.48 on Oct 17, 2026, the stock trades 2% below that value. Over the last 10 fiscal years revenue grew 81.4% a year to $4.6B, with an average return on invested capital of 13.7%.
- Graham intrinsic value
- $336.14
- Share price (Oct 17, 2026)
- $330.48
- Price vs Graham value
- 2% below
- Market cap
- $12.8B
- Revenue (FY2025)
- $4.6B
- Revenue growth (10-yr CAGR)
- 81.4%
- ROIC (10-yr avg)
- 13.7%
- Free cash flow (FY2025)
- $465.2M
AIT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.6B | $393.0M | $10.12 | $465.2M | 10.9% | 20.3% |
| FY2024 | $4.5B | $385.8M | $9.83 | $346.5M | 11.1% | 21.6% |
| FY2023 | $4.4B | $346.7M | $8.84 | $317.5M | 10.7% | 21.5% |
| FY2022 | $3.8B | $257.4M | $6.58 | $169.4M | 9.4% | 17.7% |
| FY2021 | $3.2B | $144.8M | $3.68 | $225.8M | 6.3% | 11.2% |
| FY2020 | $3.2B | $24.0M | $0.62 | $276.6M | 2.7% | 2.7% |
| FY2019 | $3.5B | $144.0M | $3.68 | $161.6M | 6.7% | 10.0% |
| FY2018 | $3.1B | $141.6M | $3.61 | $124.1M | 7.3% | 11.8% |
| FY2017 | $2.6B | $133.9M | $3.40 | $147.6M | 6.7% | 15.1% |
| FY2016 | $21.5M | $29.6M | $0.75 | $147.9M | 413.3% | 4.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
APPLIED INDUSTRIAL TECHNOLOGIES INC is a consistent compounder, expanding top-line revenue at 81.4% annually over the past decade.
APPLIED INDUSTRIAL TECHNOLOGIES INC returns on capital have been average, hovering around 13.7% ROIC over the decade.
APPLIED INDUSTRIAL TECHNOLOGIES INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, APPLIED INDUSTRIAL TECHNOLOGIES INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $336.14 per share.