Information Technology · Electronic Equipment & Instruments · US stock · price as of 16 Oct 2026
Key indicators
Price
$618.60
52-week range
$483.02 – $697.67
Market cap
$29.0B
P/E (trailing)
29.9×
EV / EBITDA
19.4×
Free-cash-flow yield
3.9%
Dividend yield
–
Revenue (last 12 months)
$6.4B
Revenue growth (3y a year)
3.9%
Operating margin
19.4%
Return on invested capital
8.0%
Net debt / EBITDA
1.1×
Fair value
Blended fair value$614.81 range $590 – $642
Versus priceFair−1% to fair value
Peer multiples
$710.29
Fundamentals-adjusted multiple
$562.12
10-year DCF (market-scaled)
$572.02
Earnings power value (floor, not blended)
$176.33
Model uncertainty
Medium
X-Ray Score
51/ 100 · High confidence · ahead of 48% of sector peers
Valuation63
Growth43
Profitability37
Financial health60
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Teledyne Technologies makes sensors, imaging systems, instruments and electronic components used in industrial, defence, space and marine markets. Its products include digital cameras, thermal imagers, test and measurement tools and underwater instruments. The company sells to commercial customers and government agencies, and it has expanded over time by acquiring niche engineering businesses with specialised technology and loyal customers.
Over the latest twelve months the company reported revenue of $6.4 billion, with growth of 3.9% a year across three years. It reports an operating margin of 19.4%, with return on invested capital of 8%. Leverage, measured as net debt to EBITDA, is 1.1 times. It does not pay a dividend.
StocksXray gives Teledyne Technologies Inc an X-Ray Score of 51 out of 100 (high confidence), ahead of 48% of the S&P 500 stocks in its sector. Its strongest lens is valuation (63) and its weakest is profitability (37).
Our fair value blend is $614.81 (range $590.33 to $642.32). At $618.60 the stock trades 1% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Teledyne Technologies Inc (TDY)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2023
FY2024
FY2025
Now
Price
$436.89
$399.91
$446.29
$471.44
$517.35
$618.60
Market cap
$19.4B
$19.1B
$21.4B
$22.4B
$24.5B
$29.0B
P/E
43.5×
24.2×
24.1×
27.4×
27.4×
29.9×
EV / revenue
5.0×
4.1×
4.3×
4.3×
4.4×
4.8×
EV / EBITDA
23.1×
17.1×
17.7×
18.8×
17.9×
19.4×
Price / free cash flow
26.8×
48.4×
29.6×
20.2×
22.8×
25.4×
Free-cash-flow yield
3.7%
2.1%
3.4%
4.9%
4.4%
3.9%
Price / book
2.5×
2.3×
2.3×
2.3×
2.3×
2.7×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 5 Good · ● 7 Average · ● 4 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−1.9%Bad
Free-cash-flow yield3.9%Average
Risk models
Altman Z score5.5×Good
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)4.5%Average
Free-cash-flow growth (3y)39.7%Good
Revenue growth (3y)3.9%Average
Growth consistency80%Bad
Balance sheet
Current ratio2.2×Good
Net debt / EBITDA1.1×Average
Interest cover24.5×Average
Valuation
Fair value vs price1.0×Good
EBIT / EV yield4.0%Average
Profitability
Return on invested capital8.0%Bad
Operating margin19.4%Average
Gross profitability18.1%Bad
XStocksXray
Teledyne Technologies Inc (TDY)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY23
FY24
FY25
LTM
Revenue
4,614
5,459
5,636
5,670
6,115
6,374
Gross profit
1,841
2,330
2,439
2,435
2,615
2,763
Operating income
624
972
1,034
989
1,150
1,240
Net income
445
789
886
819
895
975
Diluted EPS ($)
10.05
16.53
18.49
17.21
18.88
20.67
Free cash flow
723
394
721
1,108
1,074
1,142
Gross margin
39.9%
42.7%
43.3%
42.9%
42.8%
43.3%
Operating margin
13.5%
17.8%
18.4%
17.4%
18.8%
19.4%
Net margin
9.7%
14.4%
15.7%
14.4%
14.6%
15.3%
Balance sheet
FY22
FY23
FY23
FY24
FY25
LTM
Total assets
14,430
14,354
14,528
14,201
15,285
15,280
Cash
475
638
648
650
352
340
Total debt
4,099
3,921
3,245
2,649
2,475
2,027
Equity
7,622
8,169
9,221
9,549
10,514
10,919
Dividend per share ($)
–
–
–
–
–
–
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.