Teledyne Technologies Inc (TDY)
Information Technology · Electronic Equipment & Instruments · US stock · S&P 500 component
$620.47
▼ -9.63 (1.53%)
Fair valueFair
$570 −8.2% to fair value
$285fair band $485–$690$854
Day's range
$610.10 – $634.72
52-week range
$483.02 – $697.67
About Teledyne Technologies Inc
Teledyne Technologies makes sensors, imaging systems, instruments and electronic components used in industrial, defence, space and marine markets. Its products include digital cameras, thermal imagers, test and measurement tools and underwater instruments. The company sells to commercial customers and government agencies, and it has expanded over time by acquiring niche engineering businesses with specialised technology and loyal customers.
Over the latest twelve months the company reported revenue of $6.4 billion, with growth of 3.9% a year across three years. It reports an operating margin of 19.4%, with return on invested capital of 8%. Leverage, measured as net debt to EBITDA, is 1.1 times. It does not pay a dividend. Overall, it receives an X-Ray Score of 49 out of 100.
Price chart
52-wk range $483.02 – $697.67Volume 493,863Daily, split-adjusted
Vitals
Market cap$29.1B
52-week range$483.02 – $697.67
Volume (last day)493,863
P/E (TTM)30.0
EBIT / EV yield4.0%
Free-cash-flow yield3.9%
Dividend yieldNo dividend
Revenue (TTM)$6.4B
Net income (TTM)$975M
Operating margin19.4%
Return on capital8.0%
Debt incl. leases$2.0B
Cash & securities$340M
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
$570middle half of models $603 – $639
Fair
−8.2% 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 $620
Undervalued < $485Fair $485 – $690Overvalued > $690
P/E multiple
$613
P/B multiple
$610
P/S multiple
$603
EV/EBITDA multiple
$643
EV/EBIT multiple
$620
EV/revenue multiple
$639
10-year DCF, EBITDA exit
$625
5-year DCF, EBITDA exit
$645
10-year DCF, revenue exit
$627
5-year DCF, revenue exit
$644
10-year DCF, growth exit
$385
5-year DCF, growth exit
$351
Earnings power value
$398
Growth the price implies
19.0%/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
Weak 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 Information Technology peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
55/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.0%
Free-cash-flow yield3.9%
Fair value vs price0.9×
Growth
Weak
43/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.9%
EPS growth (3y)4.5%
Growth consistency80%
Profitability
Weak
37/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital8.0%
Operating margin19.4%
Gross profitability18.1%
Financial health
Fair
60/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA1.1×
Interest cover24.5×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+7.4%
Mar '25
+10.2%
Jun '25
+6.7%
Sep '25
+7.3%
Dec '25
+7.6%
Mar '26
+9.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.7B, diluted EPS $5.37.
Compare with peers
ROP Roper Technologies Inc45 ZBRA Zebra Technologies Cor...43 KEYS Keysight Technologies,...39Other Electronic Equipment & Instruments companies by X-Ray Score.
SWOT analysis: Teledyne Technologies Inc
Strengthsinside the company
- Operating profit covers interest 25x, so debt costs are a small drag.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Our Market Compass rates the backdrop for Information Technology as favourable.
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 TDY with peers and sector
Medians of 3 Electronic Equipment & Instruments peers and of 74 Information Technology stocks in our universe.
Largest peers (X-Ray Score): KEYS 39, ROP 45, ZBRA 43.
| Metric | TDY | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 49 | 43 | 50 |
| Valuation | 55 | 58 | 50 |
| Growth | 43 | 37 | 54 |
| Profitability | 37 | 44 | 50 |
| Financial health | 60 | 30 | 49 |
| Dividends | – | – | 50 |
Sector leaders: highest X-Ray Score in Information Technology
TDY ranks #43 of 75 in Information Technology and #1 of 4 in Electronic Equipment & Instruments 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 TDY
Each factor is rated by where TDY stands among the 75 Information Technology 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: 6 Good · 11 Average · 6 Bad of 23
Growth: 0 · 2 · 1
Profitability: 0 · 2 · 3
Financial strength: 2 · 2 · 0
Valuation: 2 · 3 · 0
Cash flow: 1 · 1 · 2
Efficiency: 1 · 1 · 0
| Factor | TDY | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +3.9% | Average beats 34% | +9.7% | – | – |
| Revenue growth, last year | +7.9% | Bad beats 25% | +13.7% | +7.9% | ≈ In line |
| EPS growth, 3 years a year | +4.5% | Average beats 46% | +5.9% | – | – |
| Profitability | |||||
| Gross margin | 43.3% | Bad beats 23% | 57.8% | 42.8% | ≈ In line |
| Operating margin | 19.4% | Average beats 46% | 20.3% | 17.8% | ≈ In line |
| Net margin | 15.3% | Average beats 42% | 17.8% | 14.4% | ≈ In line |
| Return on invested capital | 8.0% | Bad beats 23% | 19.4% | – | – |
| Return on equity | 8.9% | Bad beats 21% | 21.0% | 8.6% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 1.1x | Average beats 40% | 0.8x | 1.9x | ▲ Better |
| Interest cover | 24.5x | Average beats 53% | 23.0x | 13.4x | ▲ Better |
| Current ratio | 2.18 | Good beats 69% | 1.57 | 1.69 | ▲ Better |
| Piotroski F-score | 7 / 9 | Good beats 68% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 29.9x | Average beats 59% | 33.6x | 27.4x | ≈ In line |
| Price / book | 2.7x | Good beats 91% | 8.3x | 2.3x | ▼ Worse |
| Price / sales | 4.6x | Good beats 69% | 6.9x | 4.0x | ▼ Worse |
| EV / EBITDA | 19.5x | Average beats 65% | 24.7x | 17.9x | ≈ In line |
| Free cash flow yield | 3.9% | Average beats 60% | 3.4% | 3.7% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 17.9% | Bad beats 29% | 22.3% | 15.7% | ▲ Better |
| Cash from operations / net income | 1.30 | Average beats 41% | 1.39 | 1.33 | ≈ In line |
| Free cash flow growth, 3 years a year | +39.7% | Good beats 84% | +15.4% | – | – |
| Accruals (lower is better) | −1.9% | Bad beats 27% | −4.4% | – | – |
| Efficiency | |||||
| Inventory turnover | 3.1x | Average beats 41% | 3.9x | 3.5x | ≈ In line |
| Days sales outstanding | 54 days | Good beats 67% | 63 days | 59 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
● 4 Good · ● 8 Average · ● 4 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 46/100.
Financials
| FY22 | FY23 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $4.6B | $5.5B | $5.6B | $5.7B | $6.1B |
| Operating income | $624M | $972M | $1.0B | $989M | $1.1B |
| Net income | $445M | $789M | $886M | $819M | $895M |
| Operating cash flow | $825M | $487M | $836M | $1.2B | $1.2B |
| Operating margin | 13.5% | 17.8% | 18.4% | 17.4% | 18.8% |
| Free cash flow | $723M | $394M | $721M | $1.1B | $1.1B |
| Diluted EPS | $10.05 | $16.53 | $18.49 | $17.21 | $18.88 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 4 neutral · 5 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 618.8 | Bullish |
| EMA 10 | 620.3 | Bullish |
| SMA 20 | 615.3 | Bullish |
| EMA 20 | 617.5 | Bullish |
| SMA 50 | 619.2 | Bullish |
| EMA 50 | 620.7 | Bearish |
| SMA 100 | 629.9 | Bearish |
| EMA 100 | 624.1 | Bearish |
| SMA 200 | 630.6 | Bearish |
| EMA 200 | 613.7 | Bullish |
Oscillators (daily)
| RSI (14) | 52.22 | Neutral |
| MACD (12, 26) | 2.05 | Bullish |
| Momentum (12) | -0.28 | Bearish |
| Stochastic %K (14) | 42.18 | Neutral |
| Williams %R (14) | -57.82 | Neutral |
| CCI (20) | 73.78 | Neutral |
Pivot points (classic, last session)
S3 584.2 | S2 597.1 | S1 608.8 | Pivot 621.8 | R1 633.4 | R2 646.4 | R3 658.0 |
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.
ETFs that hold TDY
| ETF | Share of the fund |
|---|---|
| RSPT Invesco S&P 500 Equal Weight Technolog... | 1.49% |
| ARKX ARK Space Exploration & Innovation | 1.33% |
| TMSL T. Rowe Price Small-Mid Cap | 0.98% |
| USMV iShares MSCI USA Min Vol Factor | 0.93% |
| PPA Invesco Aerospace & Defense | 0.83% |
| VOT Vanguard Mid-Cap Growth | 0.68% |
| ACWV iShares MSCI Global Min Vol Factor | 0.62% |
| IYJ iShares U.S. Industrials | 0.36% |
The eight funds with the largest weight in TDY 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.
TDY SEC filings
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Director or officer change; Shareholder vote results
8-KSEC EDGAR
Results of operations
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.