SPX Technologies (SPXC): Assessing Valuation After a Recent Pullback in a Strong Multi‑Year Run

SPX Technologies (SPXC) has been on a strong multi year run, and its recent pullback is catching investor attention. With the shares still up sharply this year, the question is whether the dip offers reasonable value.

See our latest analysis for SPX Technologies.

After a sharp run earlier in the year, SPX Technologies’ 7 day and 30 day share price pullback looks more like a breather than a reversal, especially given its strong year to date share price return and standout multi year total shareholder returns.

If SPX’s climb has you rethinking where you might find the next leg of growth, this could be a good moment to explore fast growing stocks with high insider ownership.

With earnings still growing solidly and the share price not far below analyst targets, the key question now is whether SPX Technologies is quietly undervalued or if the market has already priced in its next leg of growth.

Most Popular Narrative Narrative: 9.5% Undervalued

With SPX Technologies last closing at $208.67 against a narrative fair value of $230.50, the story leans toward upside, hinging on structural growth drivers rather than short term sentiment.

Heightened regulatory and customer focus on decarbonization, water usage, and energy efficiency is driving rapid adoption of SPX's innovative, value-added solutions, especially in infrastructure modernization. This is supporting durable demand, premium pricing, and continued net margin expansion through increased differentiation and lower cyclicality risk.

Read the complete narrative.

Curious how steady revenue expansion, widening margins, and a rich future earnings multiple can all coexist in one thesis? Unpack the full valuation blueprint behind this target.

Result: Fair Value of $230.50 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, several project-driven revenue streams and an ambitious acquisition strategy could introduce more volatile growth and margin pressure if integration or execution missteps emerge.

Find out about the key risks to this SPX Technologies narrative.

Another View: Rich Valuation on Earnings

Looking at the price to earnings ratio, SPX Technologies trades at 46.5x earnings, well above the US Machinery industry at 25.5x, its peer average of 27.5x, and even its own 28.8x fair ratio. That premium suggests less margin for error if growth or margins disappoint. Is the story strong enough to justify staying this far ahead of the pack?

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own SPX Technologies Narrative

If this view does not quite fit your outlook, or you would rather dig into the numbers yourself, you can build a custom perspective in under three minutes, Do it your way.

A great starting point for your SPX Technologies research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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