Mettler-Toledo International Inc. (MTD) 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

-61.5%

$646.86

vs $1,679.43 price

Levered DCF

$593.42

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

11.4

Safe zone

Rating

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	33.06×	30.09×	33.6×	37.26×	51.04×	45.15×	34.73×	27.82×
P/B	-1,215.71×	-204.66×	-176.75×	1,311.29×	229×	96.29×	46.32×	24.17×
P/S	7.14×	6.71×	7×	8.29×	10.56×	8.82×	6.48×	4.86×
EV / EBITDA	24.95×	22.43×	23.84×	27.88×	37.14×	32.24×	25.18×	19.69×
Gross margin	59.4%	58.2%	57.3%	57.2%	56.7%	56.5%	56.2%	55.8%
Operating margin	27.8%	29.1%	28.5%	28.7%	26.8%	25.4%	24.2%	23.3%
Net margin	21.6%	22.3%	20.8%	22.3%	20.7%	19.5%	18.6%	17.5%
Current ratio	1.14×	1.02×	1.04×	1.2×	1.11×	1.26×	1.47×	1.42×
Debt / equity	-99.14×	-16.79×	-14.65×	85.94×	10.51×	4.72×	3.07×	1.75×
Interest coverage	16.32×	15.1×	13.96×	20.33×	23×	20.3×	19.47×	19.79×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-3677.4%	-680.2%	-526.1%	3519.1%	448.6%	213.2%	133.3%	86.9%
Return on invested capital	35.5%	41.1%	36.5%	37.0%	34.8%	31.2%	28.7%	27.8%
Return on assets	23.4%	26.6%	23.5%	25.0%	23.1%	21.4%	20.1%	19.6%
Free cash flow yield	3.0%	3.3%	3.2%	2.3%	2.0%	2.3%	2.6%	3.0%
Earnings yield	3.0%	3.3%	3.0%	2.7%	2.0%	2.2%	2.9%	3.6%
Enterprise value	$31B	$28B	$28.6B	$34.5B	$41B	$28.5B	$20.6B	$15.1B
Net debt / EBITDA	1.83×	1.66×	1.77×	1.64×	1.54×	1.4×	1.33×	1.12×
Cash conversion cycle (days)	97	93	104	107	96	103	93	87