Search, Detection, Navigation, Guidance, Aeronautical Sys · SIC 3812

TELEDYNE TECHNOLOGIES INC

TDY

Watch

Latest revenue

$1.56B

as of 2026-03-29

Latest net income

$226.8M

as of 2026-03-29

Net margin

14.5%

as of 2026-03-29

Community sentiment

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TDY vs S&P 500 · rebased to 100

+14.6% / yr 5.1 pts / yr vs S&P 500(S&P 500 +19.7% / yr) 71.9% total
Compare:

Live market

delayed ≤15 min
$618.70
1.03%
Market cap
$28.66B
Enterprise value
$30.62B
P/E (trailing)
32.0×
Forward P/E
P/B
2.68×
Dividend yield
0.0%
52-wk high
$693.38
52-wk low
$483.02
Beta
Shares out
46.3M

What this company does

AI

Teledyne designs and manufactures specialized industrial electronics, including digital imaging sensors, instrumentation, gas detectors, marine systems, and aerospace and defense electronic components. It generates revenue primarily from selling these high-performance hardware products to industrial, defense, healthcare, and environmental customers, with Digital Imaging and Instrumentation as core segments. The company continues a bolt-on acquisition strategy, recently buying DD-Scientific, TransponderTech, and Maretron, while Q1 2026 sales rose 7.6% to $1.56 billion and EPS climbed 22% to $4.85.

Generated from TDY's filing dated 2026-02-20

Key risks

AI
  • Goodwill and intangibles total $10.7B—69% of $15.5B assets—creating material impairment risk if acquired businesses underperform.
  • FX headwind: Q1 translation adjustment swung to -$63.9M from +$150.8M prior year, dragging comprehensive income to $164.6M vs $342.2M.
  • Working capital build: inventories rose $78M to $1.12B and unbilled receivables grew to $419M, pressuring operating cash flow (down to $234M from $242.6M).

Generated from TDY's filing dated 2026-02-20

6.9
of 10

ActaClear Score

Above avg
#3 of 11 in Search, Detection, Navigation, Guidance, Aeronautical Sys
+0.0 · 5d
Profitability·25%
7.0
Growth·15%
7.0
Value·20%
5.3
Quality·20%
8.0
Momentum·20%
7.0

Computed from 5 years of SEC fundamentals + latest market data, ranked within Search, Detection, Navigation, Guidance, Aeronautical Sys (11 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 10, 2026.

0.67
Price / FV

Fair value · DCF

Deeply undervalued
~49% upside at this growth
18.6% / yr
-5%30%
Terminal growthWACC 9.5% · 10y forecast
Market-implied growth at today's price: 13.4% / yrfor 10 years, holding WACC 9.5% and terminal 2.5%.
Current price
$602
DCF fair value
$900
FCF base (last FY)
$894.80M
Net debt
$1.67B
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 TDY's current valuation compare to its own past?

Current P/E
32.0×
Own 5y average
25.6×
Own 5y median
26.7×
vs. own average
+25%
Industry 5y avg P/E
24.8×
Median P/E across the top 11 peers in Search, Detection, Navigation, Guidance, Aeronautical Sys by market cap, then averaged across 6 years.
vs. industry
+29%
PEG (this co.)
1.72
5y revenue CAGR
18.6%
Industry PEG
1.62
Industry 5y avg growth
15.3%
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.