Trimble Inc.

DB:TB5 Stock Report

Market Cap: €16.9b

Trimble Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 (€68.22) is trading below our estimate of fair value (€101.68)

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 Ratio11.9x
EarningsUS$1.48b
Market CapUS$17.55b

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 Average23.2x
JEN Jenoptik
15.3x12.3%€1.3b
S9I Stemmer Imaging
43x37.2%€351.0m
M7U Nynomic
12x17.5%€113.8m
FEV FORTEC Elektronik
22.7x35.8%€59.5m
TB5 Trimble
11.9x-54.4%€17.6b

Price-To-Earnings vs Peers: TB5 is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (23.2x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TB5 11.9xIndustry Avg. 18.9xNo. of Companies15PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TB5 is good value based on its Price-To-Earnings Ratio (11.9x) compared to the European Electronic industry average (18.9x).

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 Ratio11.9x
Fair PE Ratio4x

Price-To-Earnings vs Fair Ratio: TB5 is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (4x).

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€68.22
€82.68
+21.2%
6.5%€91.05€74.76n/a10
Dec ’25€68.76
€76.09
+10.7%
4.7%€82.81€70.12n/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€38.23€68.769
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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 02:18
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/27
Annual Earnings2023/12/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Trimble Inc. is covered by 39 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert MasonBaird
Gal MundaBerenberg
Ryan ConnorsBoenning & Scattergood, Inc.