Industrials · Electrical Components & Equipment · US stock · price as of 16 Oct 2026
Key indicators
Price
$248.17
52-week range
$181.76 – $260.78
Market cap
$57.0B
P/E (trailing)
36.3×
EV / EBITDA
23.8×
Free-cash-flow yield
3.2%
Dividend yield
0.5%
Revenue (last 12 months)
$7.9B
Revenue growth (3y a year)
6.4%
Operating margin
25.9%
Return on invested capital
12.9%
Net debt / EBITDA
0.7×
Fair value
Blended fair value$177.37 range $171 – $184
Versus priceOvervalued−29% to fair value
Peer multiples
$191.36
Fundamentals-adjusted multiple
$181.39
10-year DCF (market-scaled)
$159.35
Earnings power value (floor, not blended)
$62.46
Model uncertainty
Medium
X-Ray Score
48/ 100 · High confidence · ahead of 33% of sector peers
Valuation23
Growth58
Profitability49
Financial health59
Dividends60
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Ametek manufactures electronic instruments and electromechanical devices for niche industrial markets. Its products include analytical and test instruments, sensors, precision motion control, specialty metals and components for aircraft, medical, semiconductor, power and process industries. Operations are divided between an electronic instruments group and an electromechanical group, and customers are manufacturers, laboratories, aerospace and defence companies and equipment makers.
The company earns money from instruments, components and associated aftermarket parts and service, often specified into its customers' own equipment. Sales were $7.9 billion over the last twelve months, with growth of 6.4% a year across the last three years. The operating margin is 25.9%, and the business earns a profit of 13% on the capital invested in it. Net debt is 0.7 times EBITDA. A dividend is paid, with a yield of 0.5%.
StocksXray gives Ametek Inc/ an X-Ray Score of 48 out of 100 (high confidence), ahead of 33% of the S&P 500 stocks in its sector. Its strongest lens is dividends (60) and its weakest is valuation (23).
Our fair value blend is $177.37 (range $171.20 to $184.23). At $248.17 the stock trades 40% above that blend, so the label is "Overvalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Ametek Inc/ (AME)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$142.55
$136.38
$162.02
$178.24
$204.38
$248.17
Market cap
$33.2B
$31.6B
$37.5B
$41.4B
$47.3B
$57.0B
P/E
33.5×
27.2×
28.6×
30.1×
31.9×
36.3×
EV / revenue
6.4×
5.5×
6.1×
6.2×
6.6×
7.4×
EV / EBITDA
22.1×
18.5×
19.8×
19.9×
21.0×
23.8×
Price / free cash flow
31.6×
31.3×
23.5×
24.3×
28.3×
31.3×
Free-cash-flow yield
3.2%
3.2%
4.3%
4.1%
3.5%
3.2%
Price / book
4.8×
4.2×
4.3×
4.3×
4.4×
5.1×
Dividend yield
–
–
–
–
–
0.54%
Fundamentals checklist ● 3 Good · ● 9 Average · ● 4 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.3%Average
Free-cash-flow yield3.2%Bad
Risk models
Altman Z score5.8×Good
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)8.5%Average
Free-cash-flow growth (3y)18.3%Average
Revenue growth (3y)6.4%Average
Growth consistency90%Average
Balance sheet
Current ratio1.2×Average
Net debt / EBITDA0.7×Good
Interest cover21.1×Average
Valuation
Fair value vs price0.7×Bad
EBIT / EV yield3.5%Bad
Profitability
Return on invested capital12.9%Average
Operating margin25.9%Good
Gross profitability17.2%Bad
XStocksXray
Ametek Inc/ (AME)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
5,547
6,151
6,597
6,941
7,401
7,864
Gross profit
1,913
2,145
2,384
2,476
2,667
2,859
Operating income
1,309
1,501
1,707
1,780
1,910
2,037
Net income
990
1,160
1,313
1,376
1,480
1,576
Diluted EPS ($)
4.25
5.01
5.67
5.93
6.40
6.83
Free cash flow
1,050
1,010
1,599
1,702
1,672
1,825
Gross margin
34.5%
34.9%
36.1%
35.7%
36.0%
36.4%
Operating margin
23.6%
24.4%
25.9%
25.6%
25.8%
25.9%
Net margin
17.9%
18.9%
19.9%
19.8%
20.0%
20.0%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
11,898
12,431
15,024
14,631
16,068
16,595
Cash
347
345
410
374
458
495
Total debt
2,544
2,385
3,313
2,080
2,283
2,036
Equity
6,872
7,477
8,730
9,655
10,629
11,261
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.