Using the industry peer median P/E multiple (trailing + forward), Veralto Corporation (VLTO) has a fair value of $103.73 based on 7 comparable companies in the Industrial - Pollution & Treatment Controls industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Veralto CorporationVLTO | 21,618 | 23.0x | 22.5x |
| Old Dominion Freight Line, Inc.ODFL | 39,506 | 39.1x | 39.3x |
| EMCOR Group, Inc.EME | 32,923 | 26.1x | 26.0x |
| Dover CorporationDOV | 28,871 | 26.6x | 25.8x |
| Verisk Analytics, Inc.VRSK | 25,934 | 28.7x | 28.0x |
| Hubbell IncorporatedHUBB | 25,778 | 29.3x | 29.4x |
| Equifax Inc.EFX | 21,435 | 32.9x | 20.2x |
| Pentair plcPNR | 14,126 | 21.8x | 17.6x |
| Industry Median | 28.7x | 26.0x | |
| (*) Profit after tax | 940 | 962 | |
| Equity Value | 26,951 | 24,975 | |
| (/) Outstanding shares | 250 | 250 | |
| Fair Price | $108 | $100 | |
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.