15 NASDAQ Stocks with the Lowest P/E Ratios

13. Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Forward P/E ratio: 6.71

No. of Hedge Fund Holders: 11

Park-Ohio Holdings Corp. (NASDAQ:PKOH) is a diversified company that provides supply chain management outsourcing services, capital equipment used on their production lines, and manufactured components used to assemble their products. The company operates through three segments including Supply Technologies, Assembly Components, and Engineered Products.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) performed considerably well in 2024. The company achieved record levels of gross margin and improved leverage metrics and liquidity in 2024. Park-Ohio Holdings achieved all-time highs in sales and profitability for its supply chain management, proprietary fastener manufacturing, and industrial equipment businesses. The supply technologies segment and engineered products segment posted record sales of $779 million and $482 million, up from $766 million and $469 million in 2023, respectively. The supply technologies segment sales were driven by strong demand in aerospace and defense, heavy-duty trucks, consumer electronics, and electrical distribution markets.

In FY2024, the company’s adjusted earnings per share soared by 17% to $3.59 per share, beating estimates by $0.04 per share. In FY2025, Park-Ohio Holdings Corp. expects its revenue growth between 2% and 4%, with improvements in EBITDA, FCF, adjusted operating income, and adjusted net income.