IDEX Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 IEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IEX ($232.67) is trading below our estimate of fair value ($309.91)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

IEX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.7x
Enterprise Value/EBITDA20.4x
PEG Ratio3.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for IEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.3x
GGG Graco
29.8x7.6%US$15.1b
SNA Snap-on
15.1x1.6%US$15.3b
NDSN Nordson
30.7x9.1%US$15.1b
PNR Pentair
21.6x9.3%US$13.5b
IEX IDEX
29.5x9.5%US$17.6b

Price-To-Earnings vs Peers: IEX is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the peer average (24.3x).


Price to Earnings Ratio vs Industry

How does IEX's PE Ratio compare vs other companies in the US Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: IEX is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the US Machinery industry average (23.4x).


Price to Earnings Ratio vs Fair Ratio

What is IEX'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.

IEX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.5x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: IEX is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).


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 IEX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$232.67
US$240.23
+3.2%
9.9%US$285.00US$210.00n/a13
Apr ’25US$240.87
US$235.69
-2.1%
7.4%US$265.00US$210.00n/a13
Mar ’25US$239.47
US$236.71
-1.2%
7.2%US$265.00US$210.00n/a14
Feb ’25US$220.18
US$224.36
+1.9%
5.3%US$250.00US$210.00n/a14
Jan ’25US$217.11
US$219.29
+1.0%
7.8%US$250.00US$190.00n/a14
Dec ’24US$203.04
US$219.21
+8.0%
7.8%US$250.00US$190.00n/a14
Nov ’24US$188.36
US$220.56
+17.1%
7.4%US$250.00US$190.00n/a16
Oct ’24US$208.02
US$230.73
+10.9%
7.8%US$275.00US$200.00n/a15
Sep ’24US$228.28
US$230.73
+1.1%
7.8%US$275.00US$200.00n/a15
Aug ’24US$221.86
US$230.93
+4.1%
7.7%US$275.00US$200.00n/a15
Jul ’24US$215.26
US$229.79
+6.8%
7.4%US$275.00US$200.00n/a15
Jun ’24US$201.32
US$229.18
+13.8%
7.3%US$275.00US$200.00n/a16
May ’24US$206.84
US$230.66
+11.5%
7.3%US$275.00US$200.00n/a15
Apr ’24US$231.03
US$242.67
+5.0%
6.6%US$280.00US$225.00US$240.8715
Mar ’24US$223.48
US$242.07
+8.3%
6.6%US$280.00US$225.00US$239.4715
Feb ’24US$227.73
US$241.13
+5.9%
7.4%US$280.00US$208.00US$220.1816
Jan ’24US$228.33
US$236.18
+3.4%
8.7%US$280.00US$200.00US$217.1117
Dec ’23US$240.74
US$230.19
-4.4%
8.2%US$280.00US$200.00US$203.0416
Nov ’23US$223.37
US$229.88
+2.9%
8.3%US$280.00US$200.00US$188.3616
Oct ’23US$199.85
US$223.88
+12.0%
8.8%US$280.00US$197.00US$208.0216
Sep ’23US$202.61
US$223.56
+10.3%
8.8%US$280.00US$197.00US$228.2816
Aug ’23US$208.30
US$223.00
+7.1%
9.4%US$280.00US$197.00US$221.8615
Jul ’23US$183.66
US$226.79
+23.5%
8.6%US$275.00US$205.00US$215.2614
Jun ’23US$191.40
US$227.33
+18.8%
8.9%US$275.00US$205.00US$201.3215
May ’23US$189.82
US$227.73
+20.0%
8.8%US$275.00US$205.00US$206.8415
Apr ’23US$192.16
US$233.87
+21.7%
7.5%US$275.00US$210.00US$231.0315

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


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