XStocksXray

Research report · 16 October 2026

Snap-on Inc (SNA)

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

Key indicators

Price	$367.25
52-week range	$312.34 – $420.41
Market cap	$19.3B
P/E (trailing)	18.8×
EV / EBITDA	13.8×
Free-cash-flow yield	6.1%
Dividend yield	2.7%
Revenue (last 12 months)	$5.3B
Revenue growth (3y a year)	2.1%
Operating margin	25.4%
Return on invested capital	19.4%
Net debt / EBITDA	-0.5×

Fair value

Blended fair value$545.54 range $520 – $580

Versus priceUndervalued+49% to fair value

Peer multiples	$558.80
Fundamentals-adjusted multiple	$521.43
10-year DCF (market-scaled)	$556.40
Earnings power value (floor, not blended)	$238.51
Model uncertainty	Medium

X-Ray Score

67/ 100 · Medium confidence · ahead of 94% of sector peers

Valuation87

Growth34

Profitability65

Financial health71

Dividends82

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

Executive summary

Snap-on designs, makes and sells professional-grade tools, diagnostic equipment and repair information systems for vehicle technicians and other skilled trades. Many products are sold through a network of franchisees who drive vans to workshops and supply mechanics directly, while others go to industrial, aviation and repair-shop customers. The company earns money from product sales and from financing offered to customers who purchase tools on credit.

Shareholders receive a dividend, yielding 2.7%. Looking at the numbers, trailing revenue is $5.3 billion, and it grew 2.1% a year over the past three years. Operating margin is 25.4%, while return on invested capital is 19%. Net debt to EBITDA is -0.5 times, which means cash exceeds debt.

StocksXray gives Snap-on Inc an X-Ray Score of 67 out of 100 (medium confidence), ahead of 94% of the S&P 500 stocks in its sector. Its strongest lens is valuation (87) and its weakest is growth (34).

Our fair value blend is $545.54 (range $520.04 to $579.65). At $367.25 the stock trades 33% below that blend, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.

XStocksXray

Snap-on Inc (SNA)

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	FY2026	Now
Price	$190.15	$207.09	$268.61	$328.03	$344.23	$367.25
Market cap	$10.5B	$11.2B	$14.5B	$17.5B	$18.2B	$19.3B
P/E	12.7×	12.3×	14.3×	16.8×	17.9×	18.8×
EV / revenue	2.4×	2.4×	2.9×	3.4×	3.5×	3.5×
EV / EBITDA	8.9×	8.9×	10.4×	12.1×	12.5×	13.8×
Price / free cash flow	10.8×	16.6×	12.5×	14.4×	16.9×	16.3×
Free-cash-flow yield	9.2%	6.0%	8.0%	6.9%	5.9%	6.1%
Price / book	2.5×	2.5×	2.9×	3.3×	3.1×	3.2×
Dividend yield	2.69%	2.84%	2.50%	2.35%	2.57%	2.66%

Fundamentals checklist ● 6 Good · ● 5 Average · ● 2 Bad · each check graded against the sector

Cash quality

Earnings backed by cash−1.8%Bad

Risk models

Altman Z score9.1×Good

Piotroski F-Score6 of 9Average

Growth

EPS growth (3y)4.5%Average

Revenue growth (3y)2.1%Bad

Growth consistency70%Average

Balance sheet

Current ratio3.4×Good

Net debt / EBITDA-0.5×Good

Interest cover26.6×Average

Valuation

Fair value vs price1.5×Good

EBIT / EV yield7.2%Good

Profitability

Return on invested capital19.4%Average

Operating margin25.4%Good

XStocksXray

Snap-on Inc (SNA)

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

Income statement	FY22	FY22	FY23	FY24	FY26	LTM
Revenue	4,602	4,843	5,108	5,108	5,156	5,275
Gross profit	–	–	–	–	–	–
Operating income	1,124	1,207	1,310	1,346	1,328	1,342
Net income	821	912	1,011	1,044	1,017	1,034
Diluted EPS ($)	14.92	16.82	18.76	19.51	19.19	19.59
Free cash flow	967	675	1,154	1,218	1,082	1,186
Gross margin	–	–	–	–	–	–
Operating margin	24.4%	24.9%	25.7%	26.3%	25.8%	25.4%
Net margin	17.8%	18.8%	19.8%	20.4%	19.7%	19.6%
Balance sheet	FY22	FY22	FY23	FY24	FY26	LTM
Total assets	6,760	6,973	7,545	7,897	8,412	8,641
Cash	780	757	1,002	1,361	1,625	1,645
Total debt	1,200	1,201	1,200	1,199	1,203	904
Equity	4,182	4,481	5,071	5,394	5,932	6,041
Dividend per share ($)	5.11	5.88	6.72	7.72	8.86	9.46

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

Margins blue gross, teal operating, brown net

Latest quarters

	Mar 2025	Jun 2025	Sep 2025	Jan 2026	Apr 2026	Jul 2026
Revenue ($M)	1,243	1,281	1,292	1,340	1,308	1,335
Growth vs a year earlier	−3.0%	+0.1%	+3.6%	+3.1%	+5.2%	+4.2%
Net income ($M)	241	250	265	261	247	261
Diluted EPS ($)	4.51	4.72	5.02	–	4.69	4.96

XStocksXray

Snap-on Inc (SNA)

Peers in Industrial Machinery & Supplies & Components

Company	X-Ray
SNA · Snap-on Inc	67
PNR · PENTAIR plc	62
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	+1.9%
1 month	−1.2%
3 months	−9.1%
6 months	−2.2%
1 year	+13.4%
3 years	+52.2%
5 years	+94.3%

Technical summary

DailyBearish4 bullish · 4 neutral · 8 bearish

WeeklyBearish3 bullish · 1 neutral · 8 bearish

MonthlyBullish5 bullish · 1 neutral · 2 bearish

50-day / 200-day average	$380.00 / $376.61
52-week low / high	$312.34 / $420.41
Classic pivot, support and resistance	S2 362.12 · S1 364.69 · P – · R1 370.51 · R2 373.76

Recent dividends

Ex-dividend date	Amount per share
19 Aug 2026	$2.4400
20 May 2026	$2.4400
24 Feb 2026	$2.4400
21 Nov 2025	$2.4400
19 Aug 2025	$2.1400
20 May 2025	$2.1400

XStocksXray

Snap-on Inc (SNA)

Strengths

Operating margin of 25.4% is ahead of 83% of its sector peers.
Holds more cash than debt (net debt to EBITDA of -0.5×).
Piotroski F-Score of 6 out of 9: most of the nine accounting health tests pass.
Has raised its dividend for 7 years in a row.

Risks and weak spots

Earnings backed by cash is weak against Industrials peers (−1.8%).
Revenue growth (3y) is weak against Industrials peers (2.1%).

Latest SEC filings

Date	Form	Items
23 Jul 2026	10-Q
23 Jul 2026	8-K	2.02,9.01
1 May 2026	8-K	5.07
23 Apr 2026	10-Q
23 Apr 2026	8-K	2.02,9.01
12 Mar 2026	DEF 14A
12 Feb 2026	10-K
5 Feb 2026	8-K	2.02,9.01

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.