Information Technology · Electronic Manufacturing Services · US stock · price as of 22 Oct 2026
Key indicators
Price
$208.42
52-week range
$190.27 – $252.56
Market cap
$61.1B
P/E (trailing)
20.5×
EV / EBITDA
13.6×
Free-cash-flow yield
5.4%
Dividend yield
1.4%
Revenue (last 12 months)
$19.3B
Revenue growth (3y a year)
2.0%
Operating margin
19.7%
Return on invested capital
17.3%
Net debt / EBITDA
0.9×
Fair value
Fair value (average of valid models)$221.64 middle half of models $194 – $242
Versus priceFair+6% to fair value
P/E multiple
$208.99
P/B multiple
$192.77
P/S multiple
$234.58
EV/EBITDA multiple
$297.77
EV/EBIT multiple
$259.49
EV/revenue multiple
$234.50
10-year DCF, EBITDA exit
$244.25
5-year DCF, EBITDA exit
$246.42
10-year DCF, revenue exit
$239.25
5-year DCF, revenue exit
$238.63
10-year DCF, growth exit
$184.40
5-year DCF, growth exit
$174.71
Dividend discount, stable
$133.90
Dividend discount, multi-stage
$240.57
Earnings power value
$194.39
Model uncertainty
Medium
X-Ray Score
54/ 100 · High confidence · ahead of 60% of sector peers
Valuation75
Growth34
Profitability55
Financial health46
Dividends59
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
TE Connectivity designs and makes connectors, sensors and other electronic components. They are used in cars, industrial equipment, aircraft, medical devices, data networks and household appliances. Revenue comes from selling these components to manufacturers that build them into their own products, so sales follow production trends in automotive, industrial and communications markets. The company operates manufacturing sites in many countries and is domiciled in Switzerland.
Trailing twelve-month revenue stands at $19.3 billion. Across three years, revenue grew 2.0% a year. It posts an operating margin of 19.7%, with return on invested capital of 17%. Leverage, measured as net debt to EBITDA, is 0.9 times. The dividend yield is 1.4%. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
StocksXray gives TE Connectivity plc an X-Ray Score of 54 out of 100 (high confidence), ahead of 60% of the S&P 500 stocks in its sector. Its strongest lens is valuation (75) and its weakest is growth (34).
Our fair value (the average of the valid models) is $221.64 (range $193.58 to $242.41). At $208.42 the stock trades 6% below that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
TE Connectivity plc (TEL)
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
$132.85
$103.32
$117.76
$146.67
$213.99
$208.42
Market cap
$44.2B
$33.6B
$37.3B
$45.3B
$64.0B
$61.1B
P/E
19.6×
13.8×
19.5×
14.2×
34.7×
20.5×
EV / revenue
3.2×
2.3×
2.5×
3.0×
4.0×
3.4×
EV / EBITDA
14.7×
10.4×
12.9×
13.3×
16.9×
13.6×
Price / free cash flow
22.3×
19.8×
15.6×
16.2×
20.0×
18.4×
Free-cash-flow yield
4.5%
5.1%
6.4%
6.2%
5.0%
5.4%
Price / book
4.2×
3.1×
3.2×
3.7×
5.1×
4.6×
Dividend yield
1.48%
2.05%
1.95%
1.69%
1.27%
1.43%
Fundamentals checklist ● 3 Good · ● 9 Average · ● 4 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−5.4%Average
Free-cash-flow yield5.4%Good
Risk models
Altman Z score4.9×Average
Piotroski F-Score5 of 9Bad
Growth
EPS growth (3y)−6.2%Bad
Free-cash-flow growth (3y)23.5%Average
Revenue growth (3y)2.0%Bad
Growth consistency80%Bad
Balance sheet
Current ratio1.9×Average
Net debt / EBITDA0.9×Average
Interest cover31.3×Average
Valuation
Fair value vs price1.1×Good
EBIT / EV yield5.8%Good
Profitability
Return on invested capital17.3%Average
Operating margin19.7%Average
Gross profitability26.8%Average
XStocksXray
TE Connectivity plc (TEL)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
14,923
16,281
16,034
15,845
17,262
19,322
Gross profit
4,887
5,244
5,055
5,456
6,079
6,979
Operating income
2,434
2,756
2,304
2,796
3,211
3,814
Net income
2,261
2,428
1,910
3,193
1,842
3,016
Diluted EPS ($)
6.79
7.47
6.03
10.33
6.16
10.19
Free cash flow
1,986
1,700
2,400
2,797
3,203
3,315
Gross margin
32.7%
32.2%
31.5%
34.4%
35.2%
36.1%
Operating margin
16.3%
16.9%
14.4%
17.6%
18.6%
19.7%
Net margin
15.2%
14.9%
11.9%
20.2%
10.7%
15.6%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
21,462
20,782
21,712
22,854
25,081
26,070
Cash
1,203
1,088
1,661
1,319
1,255
1,239
Total debt
4,092
4,206
4,211
4,203
5,694
5,632
Equity
10,634
10,802
11,551
12,355
12,585
13,246
Dividend per share ($)
1.96
2.12
2.30
2.48
2.72
2.98
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.
