Laboratory Analytical Instruments · SIC 3826

AGILENT TECHNOLOGIES, INC.

A

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Latest revenue

$1.83B

as of 2026-04-30

Latest net income

$339.0M

as of 2026-04-30

Net margin

18.5%

as of 2026-04-30

Community sentiment

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A vs S&P 500 · rebased to 100

-1.2% / yr 20.9 pts / yr vs S&P 500(S&P 500 +19.7% / yr) 5.6% total
Compare:

Live market

delayed ≤15 min
$135.52
2.13%
Market cap
$38.28B
Enterprise value
$39.82B
P/E (trailing)
29.4×
Forward P/E
P/B
5.37×
Dividend yield
0.9%
52-wk high
$160.27
52-wk low
$108.35
Beta
Shares out
282.4M

What this company does

AI

Agilent makes lab instruments, software, consumables, and services used by scientists in life sciences, diagnostics, and applied testing markets like pharma, food, and chemicals. It earns roughly 70% of revenue selling products (chromatography, mass spectrometry, and related gear) and the rest from services, consumables, and software tied to those instruments. Revenue grew 7% year-over-year to $1.8 billion last quarter, but tariff costs squeezed margins and earnings dipped slightly, with management planning pricing and supply-chain actions to offset the hit this fiscal year.

Generated from A's filing dated 2025-12-22

Key risks

AI
  • Margin compression: operating income fell to $353M from $376M despite 7% revenue growth, as SG&A jumped 16% ($410M→$476M) and tariffs hit cost of revenue.
  • Tariff exposure: management acknowledges adverse Q1 cost impact and cites legal/policy uncertainty; full-year offset depends on unproven pricing and supply-chain mitigation.
  • Goodwill-heavy balance sheet: $4.48B goodwill plus $426M intangibles equal 71% of $6.91B equity, creating impairment risk if life-sciences demand weakens.

Generated from A's filing dated 2025-12-22

7.0
of 10

ActaClear Score

Above avg
#3 of 27 in Laboratory Analytical Instruments
+0.1 · 5d
Profitability·25%
8.7
Growth·15%
4.2
Value·20%
7.1
Quality·20%
7.7
Momentum·20%
6.2

Computed from 5 years of SEC fundamentals + latest market data, ranked within Laboratory Analytical Instruments (27 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 10, 2026.

1.68
Price / FV

Fair value · DCF

Deeply overvalued
~41% downside at this growth
5.4% / yr
-5%30%
Terminal growthWACC 9.4% · 10y forecast
Market-implied growth at today's price: 12.1% / yrfor 10 years, holding WACC 9.4% and terminal 2.5%.
Current price
$136
DCF fair value
$80.56
FCF base (last FY)
$1.30B
Net debt
$1.26B
Methodology + caveats (click to expand)

Method. 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Beta defaults to 1.0 when not reported.

Why DCF is fragile. Treat the output as a thinking aid, not a verdict. Honest weaknesses of any DCF:

  • Growth is the dominant assumption. No one can foresee 10 years of growth — small changes in the slider can double or halve fair value. The reverse-DCF readout above tells you what the market is implicitly assuming; ask yourself whether that's realistic before trusting either number.
  • Terminal value dominates. In most DCFs, 60-80% of the answer comes from the terminal-value calculation — i.e., everything AFTER year 10. A 0.5pp change in terminal growth, or in WACC, can swing fair value by 20-30%.
  • WACC is itself a guess. We use a textbook CAPM cost of equity (Rf 4.3%, MRP 5.5%, β from the quote) plus a 6% pretax cost of debt — none of these are the company's actual marginal financing cost.
  • No moat / disruption modelling. The model assumes the company keeps earning whatever it earns today, compounding cleanly. Competitive shifts, regulatory action, and technology disruption can invalidate the forecast overnight.
  • Net income ≠ free cash flow. For capex-heavy names (semis, telcos) net income overstates distributable cash. For low-capex names (software) it understates. Both reduce the precision of the FV figure.
  • Reflexivity. A high stock price often becomes a self-fulfilling prophecy via better hiring, financing, and customer trust. DCF can't see this.

Take the DCF, the reverse-DCF implied growth, the historical multiples, and the community sentiment together. When they agree, conviction. When they disagree, the disagreement is the most informative thing on the page.

Historical multiples

How does A's current valuation compare to its own past?

Current P/E
29.4×
Own 5y average
30.3×
Own 5y median
31.3×
vs. own average
-3%
Industry 5y avg P/E
35.3×
Median P/E across the top 26 peers in Laboratory Analytical Instruments by market cap, then averaged across 5 years.
vs. industry
-17%
PEG (this co.)
5.43
5y revenue CAGR
5.4%
Industry PEG
3.47
Industry 5y avg growth
10.2%
Solid: this company. Dotted: industry median.
Dashed flat: own 5y avg.
Coloured dot at right: current P/E.

P/E uses year-end weekly close ÷ (net income ÷ shares outstanding today). Held shares constant at today's count, which understates the per-share earnings improvement from buybacks over the period. PEG uses 5y revenue CAGR as a proxy for EPS growth — close, but not identical (margin expansion or dilution can drive a wedge). Best read as a comparator across companies and industries, not as a precise replica of historical multiples.