Using the PEG framework with analyst consensus forward EPS growth of 14.1%, Teledyne Technologies Incorporated has a fair value of $334.66 based on NTM EPS (FY2026) of $23.80. The current PEG ratio is 1.83.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG works well for steady growers with predictable earnings.
| EPS Growth RateForward | 14.1% |
| Adjusted Growth (clamped 8–25%) | 14.1% |
| Fair P/E | 14.1x |
| NTM EPS (FY2026) | $23.80 |
| Fair Value | $334.66 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $18.88 | — | — |
| FY2026E | $23.80 | +26.1% | 8 |
| FY2027E | $25.70 | +8.0% | 8 |
| FY2028E | $28.02 | +9.0% | 6 |
3Y Forward EPS CAGR: 14.1%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $445.3M | $10.05 | — |
| FY2022 | $788.6M | $16.53 | +64.5% |
| FY2023 | $885.7M | $18.49 | +11.9% |
| FY2024 | $819.2M | $17.21 | -6.9% |
| FY2025 | $894.8M | $18.88 | +9.7% |
4Y Historical EPS CAGR: 17.1%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.