Hubbell Incorporated (HUBB) 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

+22.9%

$532.82

vs $433.55 price

Levered DCF

$464.77

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.3

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	26.71×	28.97×	23.26×	24.73×	28.37×	24.27×	20.14×	15.05×
P/B	6.14×	6.92×	6.13×	5.34×	5.07×	4.11×	4.13×	3.05×
P/S	4.04×	4.02×	3.28×	2.55×	2.7×	2.31×	2.04×	1.21×
EV / EBITDA	18.33×	18.6×	16.74×	16.04×	18.93×	15.79×	14.11×	10.22×
Gross margin	35.5%	33.8%	35.1%	29.7%	27.5%	29.5%	29.7%	29.0%
Operating margin	20.8%	19.4%	19.3%	14.3%	12.7%	13.4%	13.3%	12.4%
Net margin	15.2%	13.8%	14.1%	11.0%	9.5%	9.5%	9.2%	8.0%
Current ratio	1.72×	1.64×	1.64×	1.86×	1.76×	1.67×	1.86×	1.96×
Debt / equity	0.68×	0.53×	0.8×	0.66×	0.69×	0.82×	0.86×	1.01×
Interest coverage	18.99×	14.79×	28.3×	14.3×	9.73×	8.23×	7.68×	7.69×
Dividend yield	1.2%	1.2%	1.4%	1.8%	1.9%	2.4%	2.3%	3.2%
Payout ratio	32.3%	34.4%	32.3%	42.1%	54.3%	57.3%	51.6%	47.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	23.1%	23.8%	26.4%	23.1%	17.9%	17.0%	18.6%	20.2%
Return on invested capital	13.8%	15.3%	14.1%	12.8%	10.1%	9.0%	9.9%	10.7%
Return on assets	10.8%	11.6%	11.0%	10.1%	7.6%	6.9%	7.4%	7.4%
Free cash flow yield	3.7%	3.6%	4.1%	3.6%	4.0%	6.6%	6.2%	7.8%
Earnings yield	3.8%	3.4%	4.3%	4.3%	3.5%	4.1%	4.5%	6.6%
Enterprise value	$25.8B	$24B	$19.6B	$13.7B	$12.6B	$9.9B	$9.5B	$7B
Net debt / EBITDA	1.51×	1.08×	1.67×	1.31×	1.88×	2.28×	2.21×	2.33×
Cash conversion cycle (days)	103	78	82	77	74	81	101	91