Is Generac Holdings Inc. (GNRC) undervalued or overvalued?

Our model estimates a fair value of about $187 against a price of $192.68 (Fair, -3% to fair value). It blends a 10-year DCF, sector multiples and earnings-power value and is a model estimate, not advice.

What is the X-Ray Score for GNRC?

Generac Holdings Inc. has an X-Ray Score of 34 out of 100, built from valuation, growth, profitability, financial health and dividend lenses ranked against Industrials peers.

Where does the data for GNRC come from?

Financial statements come from SEC EDGAR filings, prices from exchange price feeds, and industry betas and equity risk premium from Damodaran Online (NYU Stern).

Generac Holdings Inc. (GNRC)

Industrials · Heavy Electrical Equipment · US stock · S&P 500 component

$192.68 ▼ -5.72 (2.88%)

At close 16 Oct 2026 · USD · Volume 999,872

Compare with GEV Historical data Research report SEC filings

Fair valueFair

$187 −3.0% to fair value

$93fair band $131–$243$280

Day's range

$190.87 – $199.99

52-week range

$134.80 – $296.44

About Generac Holdings Inc.

Home standby generators that start automatically during a grid outage are the signature product of Generac, which makes backup and prime power equipment. It also offers portable generators, commercial and industrial generators, and energy storage, solar and home-energy monitoring products. Homeowners reach it through dealers, electricians and home-improvement retailers, while businesses and public bodies obtain larger systems through distributors and industrial channels. The company reports its activity by geographic region.

Revenue came to $4.4 billion over the last twelve months, earned by making and delivering power generation and energy products. Revenue has changed at -2.7% a year across the last three years, a modest decline. The operating margin is 9.5%, the business earns 8% on the capital invested in it, and it carries net debt of 2.4 times EBITDA. No dividend is paid. On the site's X-Ray Score it receives 34 out of 100.

Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.

Price chart

Historical data & CSV

52-wk range $134.80 – $296.44Volume 999,872Daily, split-adjusted

Vitals

Market cap$11.5B

52-week range$134.80 – $296.44

Volume (last day)999,872

P/E (TTM)44.0

EBIT / EV yield3.4%

Free-cash-flow yield3.3%

Dividend yieldNo dividend

Revenue (TTM)$4.4B

Net income (TTM)$260M

Operating margin9.5%

Return on capital8.4%

Debt incl. leases$1.3B

Cash & securities$265M

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$187model spread $181 – $194

Fair −3.0% to fair value

Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.

Multiples use through-the-cycle earnings (1.46x of the last twelve months)

Price $193

Undervalued < $131Fair $131 – $243Overvalued > $243

10-year DCF (market-scaled)

$160

Peer multiples

$208

Earnings power floor (not blended)

$63

Fundamentals-adjusted multiple

$193

Growth the price implies

18.5%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.

What this means

Weak business, fairly priced

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 41 The price is not above fair value $187 fair value Debt looks manageable 2.4× EBITDA Revenue has been growing -2.7% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.

Valuation Weak

36/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield3.4%

Free-cash-flow yield3.3%

Fair value vs price1.0×

Growth Weak

16/100

Growing slower than most of its sector.

See the numbers →

Revenue growth (3y)-2.7%

EPS growth (3y)-20.8%

Growth consistency70%

Profitability Weak

37/100

Earns lower returns on its capital than most peers.

See the numbers →

Return on invested capital8.4%

Operating margin9.5%

Gross profitability30.4%

Financial health Weak

46/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score6 / 9

Net debt / EBITDA2.4×

Interest cover6.2×

Dividends None

–/100

Pays no dividend.

See the numbers →

Quarterly results: last 6 quarters

+5.9%

Mar '25

+6.3%

Jun '25

-5.0%

Sep '25

-11.6%

Dec '25

+12.4%

Mar '26

+10.6%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $1.2B, diluted EPS $2.40.

Compare with peers

GEV GE Vernova Inc.51

Other Heavy Electrical Equipment companies by X-Ray Score.

Fundamentals checklist

● 4 Good · ● 3 Average · ● 8 Bad

Cash quality

Earnings backed by cashGood

Free-cash-flow yieldBad

Risk models

Altman Z''Good

Piotroski F-ScoreAverage

Growth

EPS growth (3y)Bad

Revenue growth (3y)Bad

Growth consistencyAverage

Balance sheet

Current ratioGood

Net debt / EBITDABad

Interest coverBad

Valuation

Fair value vs priceAverage

EBIT / EV yieldBad

Profitability

Return on invested capitalBad

Operating marginBad

Gross profitabilityGood

Each check is graded against the company's sector, not a fixed number. Checklist score 37/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$3.7B	$4.6B	$4.0B	$4.3B	$4.2B
Operating income	$721M	$566M	$386M	$537M	$289M
Net income	$557M	$409M	$217M	$317M	$161M
Operating cash flow	$411M	$59M	$522M	$741M	$438M
Operating margin	19.3%	12.4%	9.6%	12.5%	6.9%
Free cash flow	$301M	−$28M	$393M	$605M	$268M
Diluted EPS	$8.30	$5.42	$3.27	$5.39	$2.69

Fiscal years, from SEC filings.

Technical summary

Daily

Bearish

4 bullish · 1 neutral · 11 bearish

Weekly

Bearish

3 bullish · 1 neutral · 8 bearish

Monthly

Neutral

4 bullish · 1 neutral · 3 bearish

Moving averages (daily)

SMA 10	213.1	Bearish
EMA 10	207.2	Bearish
SMA 20	209.9	Bearish
EMA 20	207.3	Bearish
SMA 50	202.9	Bearish
EMA 50	208.1	Bearish
SMA 100	224.5	Bearish
EMA 100	213.1	Bearish
SMA 200	216.2	Bearish
EMA 200	209.3	Bearish

Oscillators (daily)

RSI (14)	39.75	Neutral
MACD (12, 26)	1.02	Bullish
Momentum (12)	-6.90	Bearish
Stochastic %K (14)	15.46	Bullish
Williams %R (14)	-84.54	Bullish
CCI (20)	-131.2	Bullish

Pivot points (classic, last session)

179.9

185.4

189.0

Pivot

194.5

198.2

203.6

207.3

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.