XStocksXray

Research report · 16 October 2026

PENTAIR plc (PNR)

Industrials · Industrial Machinery & Supplies & Components · US stock · price as of 16 Oct 2026

Key indicators

Price	$53.44
52-week range	$51.13 – $110.84
Market cap	$8.7B
P/E (trailing)	13.1×
EV / EBITDA	12.3×
Free-cash-flow yield	8.2%
Dividend yield	2.0%
Revenue (last 12 months)	$4.2B
Revenue growth (3y a year)	0.4%
Operating margin	20.6%
Return on invested capital	13.1%
Net debt / EBITDA	2.2×

Fair value

Blended fair value$103.12 range $98 – $108

Versus priceUndervalued+93% to fair value

Peer multiples	$111.72
Fundamentals-adjusted multiple	$104.70
10-year DCF (market-scaled)	$92.94
Earnings power value (floor, not blended)	$32.99
Model uncertainty	Medium

X-Ray Score

62/ 100 · High confidence · ahead of 85% of sector peers

Valuation94

Growth46

Profitability44

Financial health64

Dividends58

Five-year price chart navy: price · brown: 200-day average · blue band: fair value range

Executive summary

Pentair is a water solutions company. It makes pumps, filtration and treatment systems, pool equipment, water heating products and related controls for homes, commercial buildings and industrial customers. Products reach customers through distributors, retailers, builders and equipment manufacturers. Revenue comes from product sales, including replacement parts and consumables, and demand is influenced by housing activity, pool construction and industrial investment.

The figures show revenue of $4.2 billion for the last twelve months and three-year growth of 0.4% a year. It reports an operating margin of 20.6%. Capital is used to generate a return on invested capital of 13%. Leverage, measured as net debt to EBITDA, is 2.2 times. The company pays a dividend with a yield of 2.0%.

StocksXray gives PENTAIR plc an X-Ray Score of 62 out of 100 (high confidence), ahead of 85% of the S&P 500 stocks in its sector. Its strongest lens is valuation (94) and its weakest is profitability (44).

Our fair value blend is $103.12 (range $98.36 to $108.25). At $53.44 the stock trades 48% below that blend, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.

XStocksXray

PENTAIR plc (PNR)

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	$68.54	$42.92	$70.46	$98.65	$103.11	$53.44
Market cap	$11.5B	$7.1B	$11.7B	$16.5B	$17.1B	$8.7B
P/E	20.8×	14.8×	18.8×	26.4×	26.0×	13.1×
EV / revenue	3.3×	2.3×	3.3×	4.4×	4.5×	2.5×
EV / EBITDA	19.3×	15.6×	18.3×	22.4×	21.7×	12.3×
Price / free cash flow	20.8×	25.6×	21.6×	23.8×	22.9×	12.2×
Free-cash-flow yield	4.8%	3.9%	4.6%	4.2%	4.4%	8.2%
Price / book	4.7×	2.6×	3.6×	4.6×	4.4×	2.3×
Dividend yield	1.17%	1.96%	1.25%	0.93%	0.97%	1.98%

Fundamentals checklist ● 8 Good · ● 5 Average · ● 3 Bad · each check graded against the sector

Cash quality

Earnings backed by cash−1.6%Bad

Free-cash-flow yield8.2%Good

Risk models

Altman Z score4.2×Average

Piotroski F-Score7 of 9Good

Growth

EPS growth (3y)10.9%Average

Free-cash-flow growth (3y)38.9%Good

Revenue growth (3y)0.4%Bad

Growth consistency50%Bad

Balance sheet

Current ratio1.9×Good

Net debt / EBITDA2.2×Average

Interest coverno interest costGood

Valuation

Fair value vs price1.9×Good

EBIT / EV yield8.1%Good

Profitability

Return on invested capital13.1%Average

Operating margin20.6%Good

Gross profitability24.3%Average

XStocksXray

PENTAIR plc (PNR)

Financials US$ millions, from SEC filings; last column is the last twelve months

Income statement	FY21	FY22	FY23	FY24	FY25	LTM
Revenue	3,765	4,122	4,105	4,083	4,176	4,202
Gross profit	1,319	1,365	1,519	1,599	1,690	1,720
Operating income	637	595	739	804	858	864
Net income	553	481	623	625	654	671
Diluted EPS ($)	3.30	2.90	3.75	3.74	3.96	4.07
Free cash flow	553	278	543	692	746	716
Gross margin	35.0%	33.1%	37.0%	39.2%	40.5%	40.9%
Operating margin	16.9%	14.4%	18.0%	19.7%	20.5%	20.6%
Net margin	14.7%	11.7%	15.2%	15.3%	15.7%	16.0%
Balance sheet	FY21	FY22	FY23	FY24	FY25	LTM
Total assets	4,754	6,448	6,563	6,447	6,869	7,072
Cash	95	109	170	119	102	68
Total debt	894	2,317	1,988	1,639	1,639	1,944
Equity	2,422	2,708	3,217	3,563	3,869	3,810
Dividend per share ($)	0.80	0.84	0.88	0.92	1.00	–

Revenue and net income US$ billions: navy revenue, teal net income

Margins blue gross, teal operating, brown net

Latest quarters

	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue ($M)	973	1,010	1,123	1,022	1,021	1,037
Growth vs a year earlier	−1.2%	−0.7%	+2.2%	+2.9%	+4.9%	+2.6%
Net income ($M)	166	155	149	184	166	172
Diluted EPS ($)	–	0.93	0.90	1.12	–	1.05

XStocksXray

PENTAIR plc (PNR)

Peers in Industrial Machinery & Supplies & Components

Company	X-Ray
PNR · PENTAIR plc	62
SNA · Snap-on Inc	67
GWW · W.W. Grainger, Inc.	58
OTIS · Otis Worldwide Corp	57
XYL · Xylem Inc.	56

Market Compass outlook for Industrials: Neutral (45/100). It blends regime history, macro sensitivity, momentum and valuation.

Returns

1 week	+1.8%
1 month	−4.1%
3 months	−13.6%
6 months	−41.1%
1 year	−51.0%
3 years	−15.6%
5 years	−19.4%

Technical summary

DailyBearish4 bullish · 4 neutral · 8 bearish

WeeklyStrongly bearish1 bullish · 0 neutral · 11 bearish

MonthlyStrongly bearish0 bullish · 1 neutral · 7 bearish

50-day / 200-day average	$58.25 / $78.03
52-week low / high	$51.13 / $110.84
Classic pivot, support and resistance	S2 52.25 · S1 52.85 · P – · R1 54.20 · R2 54.95

Recent dividends

Ex-dividend date	Amount per share
23 Oct 2026	$0.2700
24 Jul 2026	$0.2700
17 Apr 2026	$0.2700
23 Jan 2026	$0.2700
24 Oct 2025	$0.2500
18 Jul 2025	$0.2500

XStocksXray

PENTAIR plc (PNR)

Strengths

Operating margin of 20.6% is ahead of 71% of its sector peers.
Free-cash-flow yield of 8.2% is ahead of 97% of its sector peers.
Interest cover of no interest cost is ahead of 76% of its sector peers.
Piotroski F-Score of 7 out of 9: most of the nine accounting health tests pass.
Has raised its dividend for 6 years in a row.

Risks and weak spots

Earnings backed by cash is weak against Industrials peers (−1.6%).
Revenue growth (3y) is weak against Industrials peers (0.4%).
Growth consistency is weak against Industrials peers (50%).

Latest SEC filings

Date	Form	Items
22 Sep 2026	8-K	5.02,9.01
18 Sep 2026	8-K	5.02,9.01
2 Sep 2026	8-K	2.03,9.01
28 Jul 2026	10-Q
28 Jul 2026	8-K	2.02,9.01
14 Jul 2026	8-K	2.02,5.02,9.01
6 May 2026	8-K	2.03,9.01
6 May 2026	8-K	5.07

How to read this report

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.