Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

Parker-Hannifin Corp., EBITDA calculation

US$ in thousands

12 months ended:	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Net income attributable to common shareholders	1,315,605)	1,746,100)	1,206,341)	1,512,364)	1,060,801)	983,412)
Add: Net income attributable to noncontrolling interest	581)	761)	362)	567)	514)	432)
Add: Income tax expense	298,040)	500,096)	305,924)	420,494)	640,962)	344,797)
Earnings before tax (EBT)	1,614,226)	2,246,957)	1,512,627)	1,933,425)	1,702,277)	1,328,641)
Add: Interest expense	255,252)	250,036)	308,161)	190,138)	213,873)	162,436)
Earnings before interest and tax (EBIT)	1,869,478)	2,496,993)	1,820,788)	2,123,563)	1,916,150)	1,491,077)
Add: Depreciation	257,314)	269,943)	252,899)	225,675)	237,806)	202,868)
Add: Amortization	314,450)	325,447)	284,632)	210,514)	228,279)	152,361)
Earnings before interest, tax, depreciation and amortization (EBITDA)	2,441,242)	3,092,383)	2,358,319)	2,559,752)	2,382,235)	1,846,306)

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

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Item	Description	The company
EBITDA	To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.	Parker-Hannifin Corp. EBITDA increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

Parker-Hannifin Corp., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	55,695,791)
Earnings before interest, tax, depreciation and amortization (EBITDA)	2,441,242)
Valuation Ratio
EV/EBITDA	22.81
Benchmarks
EV/EBITDA, Competitors¹
Boeing Co.	55.00
Caterpillar Inc.	14.72
Eaton Corp. plc	30.31
GE Aerospace	14.57
Honeywell International Inc.	16.88
Lockheed Martin Corp.	14.06
RTX Corp.	20.69
EV/EBITDA, Sector
Capital Goods	24.18
EV/EBITDA, Industry
Industrials	21.20

Based on: 10-K (reporting date: 2022-06-30).

¹ Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.

Parker-Hannifin Corp., historical EV/EBITDA calculation, comparison to benchmarks

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Selected Financial Data (US$ in thousands)
Enterprise value (EV)¹	47,574,598)	45,011,584)	34,689,668)	24,040,987)	26,811,235)	25,893,192)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	2,441,242)	3,092,383)	2,358,319)	2,559,752)	2,382,235)	1,846,306)
Valuation Ratio
EV/EBITDA³	19.49	14.56	14.71	9.39	11.25	14.02
Benchmarks
EV/EBITDA, Competitors⁴
Boeing Co.	—	—	—	284.02	—	—
Caterpillar Inc.	13.86	12.43	19.87	9.66	—	—
Eaton Corp. plc	19.18	17.06	22.11	12.86	—	—
GE Aerospace	14.82	95.57	9.35	13.66	—	—
Honeywell International Inc.	18.01	15.57	20.21	14.95	—	—
Lockheed Martin Corp.	14.98	11.97	9.97	14.86	—	—
RTX Corp.	14.92	15.48	41.71	12.60	—	—
EV/EBITDA, Sector
Capital Goods	19.01	19.87	25.02	16.22	—	—
EV/EBITDA, Industry
Industrials	17.07	16.21	26.87	17.56	—	—

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

¹ See details »

² See details »

³ 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 47,574,598 ÷ 2,441,242 = 19.49

⁴ Click competitor name to see calculations.

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Valuation ratio	Description	The company
EV/EBITDA	Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock.	Parker-Hannifin Corp. EV/EBITDA ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Parker-Hannifin Corp. (NYSE:PH)

Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Enterprise Value to EBITDA Ratio, Current

Enterprise Value to EBITDA Ratio, Historical