Using the industry peer median P/E multiple (trailing + forward), Teledyne Technologies Incorporated (TDY) has a fair value of $422.39 based on 8 comparable companies in the Hardware, Equipment & Parts industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Teledyne Technologies IncorporatedTDY | 29,128 | 32.5x | 31.6x |
| Jabil Inc.JBL | 28,529 | 45.1x | 31.8x |
| VeriSign, Inc.VRSN | 23,294 | 28.5x | 31.4x |
| NetApp, Inc.NTAP | 20,860 | 18.6x | 16.3x |
| Leidos Holdings, Inc.LDOS | 19,925 | 14.2x | 15.6x |
| Broadridge Financial Solutions, Inc.BR | 18,914 | 22.8x | 17.0x |
| HP Inc.HPQ | 17,841 | 7.3x | 6.2x |
| Fortive CorporationFTV | 17,451 | 31.6x | 18.5x |
| Trimble Inc.TRMB | 15,577 | 37.4x | 23.0x |
| Industry Median | 25.7x | 17.8x | |
| (*) Profit after tax | 895 | 922 | |
| Equity Value | 22,970 | 17,073 | |
| (/) Outstanding shares | 47 | 47 | |
| Fair Price | $485 | $360 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.