Trimble Inc.

DB:TB5 Stock Report

Market Cap: €17.0b

Trimble Valuation

Is TB5 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TB5 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TB5 (€69.14) is trading below our estimate of fair value (€100.53)

Significantly Below Fair Value: TB5 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TB5?

Key metric: As TB5 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TB5. This is calculated by dividing TB5's market cap by their current earnings.
What is TB5's PE Ratio?
PE Ratio12x
EarningsUS$1.48b
Market CapUS$17.66b

Price to Earnings Ratio vs Peers

How does TB5's PE Ratio compare to its peers?

The above table shows the PE ratio for TB5 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20x
JEN Jenoptik
14.2x12.3%€1.2b
S9I Stemmer Imaging
42.2x37.2%€344.5m
M7U Nynomic
12.2x17.5%€115.4m
FEV FORTEC Elektronik
11.5x14.2%€60.8m
TB5 Trimble
12x-55.2%€17.7b

Price-To-Earnings vs Peers: TB5 is good value based on its Price-To-Earnings Ratio (12x) compared to the peer average (20x).

Price to Earnings Ratio vs Industry

How does TB5's PE Ratio compare vs other companies in the European Electronic Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TB5 12.0xIndustry Avg. 17.8xNo. of Companies18PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TB5 is good value based on its Price-To-Earnings Ratio (12x) compared to the European Electronic industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is TB5's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TB5 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ratio3.9x

Price-To-Earnings vs Fair Ratio: TB5 is expensive based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (3.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TB5 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€69.14
€73.79
+6.7%
8.4%€82.03€59.24n/a9
Nov ’25€55.86
€62.53
+11.9%
7.1%€71.67€56.55n/a9
Oct ’25€54.12
€62.53
+15.5%
7.1%€71.67€56.55n/a9
Sep ’25€51.10
€61.66
+20.7%
9.0%€71.48€51.82n/a9
Aug ’25€48.53
€64.89
+33.7%
6.6%€73.58€59.78n/a9
Jul ’25€51.80
€64.89
+25.3%
6.6%€73.58€59.78n/a9
Jun ’25€50.40
€64.89
+28.7%
6.6%€73.58€59.78n/a9
May ’25€56.24
€65.10
+15.7%
6.8%€74.82€60.23n/a9
Apr ’25€59.45
€61.99
+4.3%
9.4%€73.48€52.35n/a9
Mar ’25€57.20
€59.87
+4.7%
4.9%€62.91€52.74n/a9
Feb ’25€48.08
€54.70
+13.8%
10.1%€60.80€44.22n/a9
Jan ’25€48.86
€53.77
+10.0%
17.2%€71.80€38.17n/a9
Dec ’24€42.24
€53.04
+25.6%
17.3%€71.91€38.23n/a9
Nov ’24€43.54
€57.56
+32.2%
15.0%€74.76€39.74€55.869
Oct ’24€50.85
€60.89
+19.8%
10.6%€74.73€48.24€54.129
Sep ’24€50.85
€55.21
+8.6%
17.8%€72.65€36.78€51.109
Aug ’24€48.52
€53.76
+10.8%
17.6%€73.47€37.20€48.539
Jul ’24€48.46
€53.76
+10.9%
17.6%€73.47€37.20€51.809
Jun ’24€44.50
€53.76
+20.8%
17.6%€73.47€37.20€50.409
May ’24€42.48
€55.75
+31.2%
18.4%€75.16€36.22€56.249
Apr ’24€47.81
€61.13
+27.9%
18.3%€82.45€37.91€59.459
Mar ’24€48.89
€62.93
+28.7%
12.6%€81.04€54.03€57.208
Feb ’24€54.36
€63.35
+16.5%
12.0%€80.07€53.38€48.089
Jan ’24€46.03
€66.84
+45.2%
16.8%€92.33€54.64€48.869
Dec ’23€58.38
€71.01
+21.6%
16.4%€96.54€55.99€42.2410
Nov ’23€59.95
€79.97
+33.4%
13.8%€101.61€65.03€43.5410

Analyst Forecast: Target price is less than 20% higher than the current share price.

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