Industrials · Electrical Components & Equipment · US stock · price as of 16 Oct 2026
Key indicators
Price
$161.47
52-week range
$121.73 – $165.79
Market cap
$90.6B
P/E (trailing)
35.3×
EV / EBITDA
21.3×
Free-cash-flow yield
3.8%
Dividend yield
1.4%
Revenue (last 12 months)
$18.6B
Revenue growth (3y a year)
121.4%
Operating margin
17.6%
Return on invested capital
8.2%
Net debt / EBITDA
2.3×
Fair value
Blended fair value$134.58 range $131 – $138
Versus priceFair−17% to fair value
Peer multiples
$128.21
Fundamentals-adjusted multiple
$212.39
10-year DCF (market-scaled)
$63.14
Earnings power value (floor, not blended)
$22.63
Model uncertainty
Medium
X-Ray Score
47/ 100 · Medium confidence · ahead of 31% of sector peers
Valuation33
Growth73
Profitability35
Financial health58
Dividends38
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Emerson is an industrial technology company that supplies automation systems, software and equipment used to control and measure processes in factories and plants. Its products include control systems, valves, flow and pressure measurement devices, test and measurement equipment and industrial software. Customers include chemical, oil and gas, power, life sciences and discrete manufacturing companies. It has reshaped its portfolio through acquisitions and disposals, and now concentrates on automation.
Revenue comes from automation hardware, software and services. Sales were $18.6 billion over the last twelve months, and growth over the last three years is 121.4% a year, a figure to read with care given changes to the group. The operating margin is 17.6%, and the business earns a profit of 8% on the capital invested in it. Net debt is 2.3 times EBITDA. It pays a dividend with a yield of 1.4%.
StocksXray gives Emerson Electric Co an X-Ray Score of 47 out of 100 (medium confidence), ahead of 31% of the S&P 500 stocks in its sector. Its strongest lens is growth (73) and its weakest is valuation (33).
Our fair value blend is $134.58 (range $131.33 to $137.83). At $161.47 the stock trades 20% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Emerson Electric Co (EMR)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2022
FY2023
FY2024
FY2025
Now
Price
$67.85
$89.52
$91.61
$105.90
$129.15
$161.47
Market cap
$40.5B
–
$52.9B
$60.8B
$73.2B
$90.6B
P/E
12.5×
–
4.0×
30.9×
32.0×
35.3×
EV / revenue
4.0×
–
3.9×
4.0×
4.7×
5.4×
EV / EBITDA
16.8×
–
14.9×
19.1×
19.0×
21.3×
Price / free cash flow
15.4×
–
193.0×
20.9×
27.4×
26.2×
Free-cash-flow yield
6.5%
–
0.5%
4.8%
3.6%
3.8%
Price / book
3.9×
–
2.6×
2.8×
3.6×
4.4×
Dividend yield
3.04%
–
2.27%
1.98%
1.63%
1.37%
Fundamentals checklist ● 5 Good · ● 6 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−3.2%Average
Free-cash-flow yield3.8%Average
Risk models
Altman Z score4.5×Good
Piotroski F-Score7 of 9Good
Growth
Revenue growth (3y)121.4%Good
Growth consistency100%Good
Balance sheet
Current ratio0.9×Bad
Net debt / EBITDA2.3×Average
Interest coverno interest costGood
Valuation
Fair value vs price0.8×Average
EBIT / EV yield3.2%Bad
Profitability
Return on invested capital8.2%Bad
Operating margin17.6%Average
Gross profitability23.5%Average
XStocksXray
Emerson Electric Co (EMR)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY22
FY23
FY24
FY25
LTM
Revenue
13,804
1,660
15,165
17,492
18,016
18,636
Gross profit
6,306
–
7,427
8,885
9,519
9,908
Operating income
2,432
–
2,903
2,020
2,934
3,280
Net income
3,231
–
13,219
1,968
2,293
2,578
Diluted EPS ($)
5.41
–
22.88
3.43
4.04
4.57
Free cash flow
2,623
–
274
2,913
2,667
3,460
Gross margin
45.7%
–
49.0%
50.8%
52.8%
53.2%
Operating margin
17.6%
–
19.1%
11.5%
16.3%
17.6%
Net margin
23.4%
–
87.2%
11.3%
12.7%
13.8%
Balance sheet
FY22
FY22
FY23
FY24
FY25
LTM
Total assets
35,672
36,241
42,746
44,246
41,964
42,208
Cash
1,804
2,271
8,051
3,588
1,544
2,180
Total debt
10,374
9,951
8,157
7,687
13,116
13,113
Equity
10,364
10,727
20,689
21,636
20,282
20,379
Dividend per share ($)
2.06
–
2.08
2.10
2.11
2.19
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.