Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St’s investing ideas for FREE.

• If you are wondering whether W.W. Grainger stock still offers value after a strong run, this article walks through what the current price might be implying.

• The stock last closed at US$1,311.10, with returns of 3.6% over the past month, 30.6% year to date and 26.8% over the last year, on top of longer term returns of 81.3% over three years and 210.5% over five years.

• Recent coverage has focused on W.W. Grainger’s role as an industrial distributor and how investors are weighing that position in the broader market context. That background is useful for thinking about whether the current share price still lines up with…