We’ve recently updated our valuation analysis.

Amphenol Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

APH 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/Revenue4.1x
Enterprise Value/EBITDA17.5x
PEG Ratio4.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for APH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average50.9x
GLW Corning
15.7x8.5%US$28.9b
LFUS Littelfuse
18.3x8.6%US$6.1b
COHR Coherent
146.4x122.5%US$5.1b
BDC Belden
22.7x10.0%US$3.4b
APH Amphenol
25.9x5.7%US$47.8b

Price-To-Earnings vs Peers: APH is good value based on its Price-To-Earnings Ratio (25.9x) compared to the peer average (50.8x).


Price to Earnings Ratio vs Industry

How does APH's PE Ratio compare vs other companies in the US Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.6%
n/an/an/a

Price-To-Earnings vs Industry: APH is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the US Electronic industry average (16.5x)


Price to Earnings Ratio vs Fair Ratio

What is APH'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.

APH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.9x
Fair PE Ratio19.5x

Price-To-Earnings vs Fair Ratio: APH is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the estimated Fair Price-To-Earnings Ratio (19.5x).


Share Price vs Fair Value

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

Below Fair Value: APH ($80.34) is trading above our estimate of fair value ($66.19)

Significantly Below Fair Value: APH is trading above our estimate of fair value.


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 APH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$80.34
US$85.20
+6.0%
7.2%US$97.00US$75.00n/a15
Nov ’23US$76.77
US$85.13
+10.9%
7.2%US$97.00US$75.00n/a15
Oct ’23US$66.96
US$85.00
+26.9%
6.9%US$95.00US$73.00n/a14
Sep ’23US$73.45
US$85.64
+16.6%
7.6%US$96.00US$73.00n/a14
Aug ’23US$76.52
US$85.29
+11.5%
7.3%US$96.00US$73.00n/a14
Jul ’23US$63.75
US$84.60
+32.7%
7.0%US$95.00US$73.00n/a15
Jun ’23US$69.28
US$85.20
+23.0%
5.7%US$95.00US$79.00n/a15
May ’23US$71.50
US$85.47
+19.5%
5.7%US$95.00US$79.00n/a15
Apr ’23US$75.57
US$87.00
+15.1%
6.3%US$100.00US$80.00n/a15
Mar ’23US$74.12
US$87.47
+18.0%
6.3%US$100.00US$80.00n/a15
Feb ’23US$79.12
US$87.47
+10.5%
6.3%US$100.00US$80.00n/a15
Jan ’23US$87.46
US$85.07
-2.7%
10.3%US$100.00US$62.00n/a14
Dec ’22US$79.99
US$81.67
+2.1%
9.0%US$95.00US$62.00n/a15
Nov ’22US$76.96
US$81.07
+5.3%
8.4%US$95.00US$62.00US$76.7715
Oct ’22US$74.61
US$78.27
+4.9%
8.3%US$88.00US$60.00US$66.9615
Sep ’22US$76.34
US$77.33
+1.3%
7.9%US$86.00US$60.00US$73.4515
Aug ’22US$72.49
US$77.00
+6.2%
7.9%US$86.00US$60.00US$76.5215
Jul ’22US$68.96
US$73.44
+6.5%
8.2%US$82.00US$58.00US$63.7516
Jun ’22US$67.59
US$73.44
+8.7%
8.2%US$82.00US$58.00US$69.2816
May ’22US$67.34
US$77.19
+14.6%
20.8%US$135.00US$58.00US$71.5016
Apr ’22US$67.05
US$70.06
+4.5%
8.7%US$77.00US$52.00US$75.5716
Mar ’22US$64.98
US$70.00
+7.7%
8.6%US$77.50US$52.50US$74.1216
Feb ’22US$62.82
US$69.84
+11.2%
8.4%US$77.00US$52.50US$79.1216
Jan ’22US$65.39
US$67.84
+3.8%
8.1%US$78.50US$52.50US$87.4616
Dec ’21US$65.81
US$61.97
-5.8%
9.5%US$70.00US$44.00US$79.9917
Nov ’21US$56.42
US$61.97
+9.8%
9.5%US$70.00US$44.00US$76.9617

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


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