Information Technology · Electronic Components · US stock · price as of 22 Oct 2026
Key indicators
Price
$73.07
52-week range
$59.01 – $89.93
Market cap
$94.2B
P/E (trailing)
18.3×
EV / EBITDA
11.8×
Free-cash-flow yield
5.0%
Dividend yield
1.2%
Revenue (last 12 months)
$29.0B
Revenue growth (3y a year)
22.3%
Operating margin
27.0%
Return on invested capital
19.2%
Net debt / EBITDA
1.5×
Fair value
Fair value (average of valid models)$109.29 middle half of models $92 – $133
Versus priceUndervalued+50% to fair value
P/E multiple
$85.19
P/B multiple
$99.40
P/S multiple
$111.85
EV/EBITDA multiple
$133.22
EV/EBIT multiple
$141.96
EV/revenue multiple
$103.43
10-year DCF, EBITDA exit
$140.35
5-year DCF, EBITDA exit
$133.19
10-year DCF, revenue exit
$134.52
5-year DCF, revenue exit
$124.94
10-year DCF, growth exit
$109.12
5-year DCF, growth exit
$97.76
Dividend discount, stable
$73.82
Dividend discount, multi-stage
$64.65
Earnings power value
$85.98
Model uncertainty
Medium
X-Ray Score
66/ 100 · High confidence · ahead of 88% of sector peers
Valuation88
Growth82
Profitability48
Financial health42
Dividends71
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Amphenol designs and manufactures electrical, electronic and fiber optic connectors, sensors, antennas and interconnect systems. These components link and carry signals and power inside equipment used in automobiles, industrial machinery, aerospace and defense, data centers, telecommunications and consumer devices. The company sells to equipment makers and distributors around the world. Revenue comes from product sales, with a broad customer base spread across many end markets.
The figures show revenue of $29.0 billion for the last twelve months and three-year growth of 22.3% a year. It reports an operating margin of 27.0%. Capital is used to generate a return on invested capital of 19%. Leverage, measured as net debt to EBITDA, is 1.5 times. The company pays a dividend with a yield of 1.2%.
StocksXray gives Amphenol Corp an X-Ray Score of 66 out of 100 (high confidence), ahead of 88% of the S&P 500 stocks in its sector. Its strongest lens is valuation (88) and its weakest is financial health (42).
Our fair value (the average of the valid models) is $109.29 (range $91.87 to $133.21). At $73.07 the stock trades 33% below that value, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Amphenol Corp (APH)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$20.96
$18.45
$24.26
$34.29
$67.23
$73.07
Market cap
$13.1B
$22.9B
$30.1B
$43.3B
$85.9B
$94.2B
P/E
8.3×
12.1×
15.7×
17.9×
20.1×
18.3×
EV / revenue
1.5×
2.1×
2.6×
3.1×
3.9×
3.7×
EV / EBITDA
6.7×
8.8×
11.1×
12.6×
13.3×
11.8×
Price / free cash flow
11.1×
12.8×
14.0×
20.2×
19.6×
20.0×
Free-cash-flow yield
9.0%
7.8%
7.2%
5.0%
5.1%
5.0%
Price / book
2.1×
3.3×
3.6×
4.4×
6.4×
6.1×
Dividend yield
3.03%
2.20%
1.75%
1.60%
1.11%
1.20%
Fundamentals checklist ● 7 Good · ● 6 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−1.6%Bad
Free-cash-flow yield5.0%Good
Risk models
Altman Z score3.8×Average
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)29.7%Good
Free-cash-flow growth (3y)34.7%Good
Revenue growth (3y)22.3%Good
Growth consistency100%Good
Balance sheet
Current ratio1.9×Average
Net debt / EBITDA1.5×Bad
Interest cover12.4×Average
Valuation
Fair value vs price1.5×Good
EBIT / EV yield7.3%Good
Profitability
Return on invested capital19.2%Average
Operating margin27.0%Average
Gross profitability24.9%Bad
XStocksXray
Amphenol Corp (APH)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
10,876
12,623
12,555
15,223
23,095
29,012
Gross profit
3,402
4,028
4,084
5,140
8,518
11,169
Operating income
2,105
2,586
2,560
3,157
5,869
7,841
Net income
1,590
1,902
1,928
2,424
4,270
5,143
Diluted EPS ($)
2.54
1.53
1.55
1.92
3.34
4.00
Free cash flow
1,180
1,791
2,156
2,149
4,378
4,714
Gross margin
31.3%
31.9%
32.5%
33.8%
36.9%
38.5%
Operating margin
19.4%
20.5%
20.4%
20.7%
25.4%
27.0%
Net margin
14.6%
15.1%
15.4%
15.9%
18.5%
17.7%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
14,678
15,326
16,526
21,440
36,237
44,807
Cash
1,197
1,373
1,475
3,317
11,131
4,729
Total debt
4,800
4,578
4,337
6,886
15,502
18,811
Equity
6,302
7,016
8,347
9,792
13,413
15,492
Dividend per share ($)
0.64
0.41
0.43
0.55
0.75
0.92
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 is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
