Ametek Inc/ (AME)
Industrials · Electrical Components & Equipment · US stock · S&P 500 component
$238.82
▼ -11.46 (4.58%)
Fair valueFair
$205 −14.3% to fair value
$102fair band $174–$248$307
Day's range
$234.43 – $247.00
52-week range
$182.87 – $261.16
About Ametek Inc/
Ametek manufactures electronic instruments and electromechanical devices for niche industrial markets. Its products include analytical and test instruments, sensors, precision motion control, specialty metals and components for aircraft, medical, semiconductor, power and process industries. Operations are divided between an electronic instruments group and an electromechanical group, and customers are manufacturers, laboratories, aerospace and defence companies and equipment makers.
The company earns money from instruments, components and associated aftermarket parts and service, often specified into its customers' own equipment. Sales were $7.9 billion over the last twelve months, with growth of 6.4% a year across the last three years. The operating margin is 25.9%, and the business earns a profit of 13% on the capital invested in it. Net debt is 0.7 times EBITDA. A dividend is paid, with a yield of 0.6%. On the site's X-Ray Score it receives 48 out of 100.
Price chart
52-wk range $182.87 – $261.16Volume 1,911,703Daily, split-adjusted
Vitals
Market cap$54.9B
52-week range$182.87 – $261.16
Volume (last day)1,911,703
P/E (TTM)34.9
EBIT / EV yield3.6%
Free-cash-flow yield3.3%
Dividend yield0.6%
Revenue (TTM)$7.9B
Net income (TTM)$1.6B
Operating margin25.9%
Return on capital12.9%
Debt incl. leases$2.3B
Cash & securities$495M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$205middle half of models $211 – $237
Fair
−14.3% to fair value
Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $239
Undervalued < $174Fair $174 – $248Overvalued > $248
P/E multiple
$234
P/B multiple
$245
P/S multiple
$211
EV/EBITDA multiple
$237
EV/EBIT multiple
$229
EV/revenue multiple
$219
10-year DCF, EBITDA exit
$226
5-year DCF, EBITDA exit
$243
10-year DCF, revenue exit
$225
5-year DCF, revenue exit
$241
10-year DCF, growth exit
$118
5-year DCF, growth exit
$107
Dividend discount, stable · not used
$42
Dividend discount, multi-stage · not used
$74
Earnings power value
$126
Growth the price implies
23.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
26/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.6%
Free-cash-flow yield3.3%
Fair value vs price0.9×
Growth
Fair
58/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)6.4%
EPS growth (3y)8.5%
Growth consistency90%
Profitability
Weak
49/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital12.9%
Operating margin25.9%
Gross profitability17.2%
Financial health
Fair
59/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA0.7×
Interest cover21.1×
Dividends
Fair
60/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.6%
Dividends vs free cash flow17%
Dividend growth12.2%
Quarterly results: last 6 quarters
-0.2%
Mar '25
+2.5%
Jun '25
+10.8%
Sep '25
+13.4%
Dec '25
+11.3%
Mar '26
+15.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.0B, diluted EPS $1.77.
Compare with peers
VRT Vertiv Holdings Co58 EMR Emerson Electric Co49 ROK Rockwell Automation, I...47 ETN Eaton Corp plc41Other Electrical Components & Equipment companies by X-Ray Score.
SWOT analysis: Ametek Inc/
Strengthsinside the company
- Operating margin of 25.9% is well above the 17.6% median of industry peers, a sign of pricing power or lower costs.
- Operating profit covers interest 21x, so debt costs are a small drag.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- No specific opportunity is visible in our valuation, sector or growth data.
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare AME with peers and sector
Medians of 5 Electrical Components & Equipment peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): ETN 41, EMR 49, VRT 58, BE 32, ROK 47.
| Metric | AME | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 48 | 47 | 51 |
| Valuation | 26 | 27 | 48 |
| Growth | 58 | 76 | 50 |
| Profitability | 49 | 35 | 51 |
| Financial health | 59 | 49 | 49 |
| Dividends | 60 | 43 | 53 |
Sector leaders: highest X-Ray Score in Industrials
AME ranks #51 of 81 in Industrials and #3 of 6 in Electrical Components & Equipment by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for AME
Each factor is rated by where AME stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 4 Good · 14 Average · 5 Bad of 23
Growth: 0 · 3 · 0
Profitability: 2 · 2 · 1
Financial strength: 1 · 3 · 0
Valuation: 0 · 1 · 4
Cash flow: 1 · 3 · 0
Efficiency: 0 · 2 · 0
| Factor | AME | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +6.4% | Average beats 57% | +5.6% | – | – |
| Revenue growth, last year | +6.6% | Average beats 61% | +4.5% | +7.3% | ≈ In line |
| EPS growth, 3 years a year | +8.5% | Average beats 59% | +5.7% | – | – |
| Profitability | |||||
| Gross margin | 36.4% | Average beats 42% | 38.0% | 35.7% | ≈ In line |
| Operating margin | 25.9% | Good beats 86% | 17.5% | 25.6% | ≈ In line |
| Net margin | 20.0% | Good beats 85% | 12.8% | 19.8% | ≈ In line |
| Return on invested capital | 12.9% | Average beats 39% | 14.9% | – | – |
| Return on equity | 14.0% | Bad beats 28% | 23.7% | 14.4% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 0.7x | Good beats 81% | 1.8x | 1.1x | ▲ Better |
| Interest cover | 21.1x | Average beats 49% | 21.4x | 18.0x | ▲ Better |
| Current ratio | 1.21 | Average beats 43% | 1.25 | 1.24 | ≈ In line |
| Piotroski F-score | 6 / 9 | Average beats 41% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 34.8x | Bad beats 24% | 28.9x | 30.4x | ▼ Worse |
| Price / book | 4.9x | Average beats 62% | 6.2x | 4.4x | ▼ Worse |
| Price / sales | 7.0x | Bad beats 9% | 3.5x | 6.0x | ▼ Worse |
| EV / EBITDA | 23.1x | Bad beats 23% | 18.5x | 20.1x | ▼ Worse |
| Free cash flow yield | 3.3% | Bad beats 25% | 3.8% | 3.5% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 23.2% | Good beats 87% | 13.8% | 22.6% | ≈ In line |
| Cash from operations / net income | 1.24 | Average beats 35% | 1.39 | 1.22 | ≈ In line |
| Free cash flow growth, 3 years a year | +18.3% | Average beats 60% | +14.5% | – | – |
| Accruals (lower is better) | −2.3% | Average beats 37% | −3.2% | – | – |
| Efficiency | |||||
| Inventory turnover | 4.2x | Average beats 54% | 4.0x | 4.3x | ≈ In line |
| Days sales outstanding | 54 days | Average beats 58% | 57 days | 55 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 9 Average · ● 4 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalAverage
Operating marginGood
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 46/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $5.5B | $6.2B | $6.6B | $6.9B | $7.4B |
| Operating income | $1.3B | $1.5B | $1.7B | $1.8B | $1.9B |
| Net income | $990M | $1.2B | $1.3B | $1.4B | $1.5B |
| Operating cash flow | $1.2B | $1.1B | $1.7B | $1.8B | $1.8B |
| Operating margin | 23.6% | 24.4% | 25.9% | 25.6% | 25.8% |
| Free cash flow | $1.0B | $1.0B | $1.6B | $1.7B | $1.7B |
| Diluted EPS | $4.25 | $5.01 | $5.67 | $5.93 | $6.40 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
4 bullish · 3 neutral · 9 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 247.6 | Bearish |
| EMA 10 | 246.8 | Bearish |
| SMA 20 | 249.0 | Bearish |
| EMA 20 | 246.9 | Bearish |
| SMA 50 | 243.9 | Bearish |
| EMA 50 | 244.6 | Bearish |
| SMA 100 | 240.5 | Bearish |
| EMA 100 | 240.2 | Bearish |
| SMA 200 | 232.6 | Bullish |
| EMA 200 | 230.6 | Bullish |
Oscillators (daily)
| RSI (14) | 38.88 | Neutral |
| MACD (12, 26) | 0.56 | Bullish |
| Momentum (12) | -5.87 | Bearish |
| Stochastic %K (14) | 20.92 | Neutral |
| Williams %R (14) | -79.08 | Neutral |
| CCI (20) | -293.8 | Bullish |
Pivot points (classic, last session)
S3 220.6 | S2 227.5 | S1 233.2 | Pivot 240.1 | R1 245.7 | R2 252.7 | R3 258.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.33 USD
Yield on today's price
0.56%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.3400 | |
| 0.3400 | |
| 0.3400 | |
| 0.3100 | |
| 0.3100 | |
| 0.3100 | |
| 0.3100 | |
| 0.2800 | |
| 0.2800 | |
| 0.2800 | |
| 0.2800 | |
| 0.2500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold AME
| ETF | Share of the fund |
|---|---|
| RSPN Invesco S&P 500 Equal Weight Industria... | 1.29% |
| VOT Vanguard Mid-Cap Growth | 1.22% |
| XLI Industrial Select Sector SPDR | 0.96% |
| FMDE Fidelity Enhanced Mid Cap | 0.91% |
| SPLV Invesco S&P 500 Low Volatility | 0.84% |
| IGPT Invesco AI and Next Gen Software | 0.82% |
| FIDU Fidelity MSCI Industrials Index | 0.79% |
| VIS Vanguard Industrials | 0.74% |
The eight funds with the largest weight in AME among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
AME stock splits
AME has split its stock 4 times since 2004. The latest was a 3-for-2 split on 2 Jul 2012.
Full AME stock split history →AME SEC filings
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Entered a material agreement
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Shareholder vote results
8-KSEC EDGAR
Director or officer change
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.