AMETEK, Inc. (AME) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-33.0%

$164.06

vs $245.03 price

Levered DCF

$179.98

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

8.22

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	31.98×	30.3×	28.93×	27.72×	34.28×	31.83×	26.39×	20.09×
P/B	4.45×	4.32×	4.35×	4.33×	4.94×	4.66×	4.44×	3.68×
P/S	6.39×	6.01×	5.76×	5.26×	6.12×	6.11×	4.4×	3.22×
EV / EBITDA	21.37×	20.23×	20.23×	18.87×	22.77×	20.37×	18.05×	14.11×
Gross margin	36.4%	35.7%	36.1%	34.9%	34.5%	34.0%	34.7%	34.2%
Operating margin	26.2%	25.6%	25.9%	24.4%	23.6%	22.6%	22.8%	22.2%
Net margin	20.0%	19.8%	19.9%	18.9%	17.9%	19.2%	16.7%	16.1%
Current ratio	1.06×	1.24×	0.98×	1.62×	1.36×	2.34×	1.42×	1.46×
Debt / equity	0.22×	0.24×	0.39×	0.34×	0.4×	0.41×	0.55×	0.62×
Interest coverage	23.82×	15.75×	20.87×	18.04×	16.28×	11.94×	13.31×	13.09×
Dividend yield	0.6%	0.6%	0.6%	0.6%	0.5%	0.6%	0.6%	0.8%
Payout ratio	19.3%	18.8%	17.5%	17.4%	18.6%	18.9%	14.8%	16.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.9%	14.3%	15.0%	15.5%	14.4%	14.7%	16.8%	18.3%
Return on invested capital	11.0%	11.1%	10.2%	10.9%	9.9%	8.8%	10.6%	10.9%
Return on assets	9.2%	9.4%	8.7%	9.3%	8.3%	8.4%	8.7%	9.0%
Free cash flow yield	3.5%	4.1%	4.2%	3.1%	3.1%	4.3%	4.5%	5.4%
Earnings yield	3.1%	3.3%	3.5%	3.6%	2.9%	3.1%	3.8%	5.0%
Enterprise value	$49.2B	$43.6B	$41B	$34.6B	$36.3B	$29B	$25.1B	$17.9B
Net debt / EBITDA	0.82×	0.9×	1.46×	1.21×	1.49×	0.88×	1.74×	1.8×
Cash conversion cycle (days)	93	91	109	104	85	72	79	81