Upside case
Bull case
$349+44.6%
AME would need investors to value it at roughly 43x earnings — about 13x more generous than today's 30x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
AMETEK, Inc. (AME) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
29
analysts
20 bullish · 0 bearish · 29 covering AME
Strong Buy
0
Buy
20
Hold
9
Sell
0
Strong Sell
0
Consensus Target
$246
+1.9% vs today
Scenario Range
$197 – $349
Model bear to bull value window
Coverage
29
Published analyst ratings
Valuation Context
29.9x
Forward P/E · Market cap $55.3B
AME price targets
Three scenarios for where AME stock could go
Current
~$241
Confidence
68 / 100
Updated
May 1, 2026
Where we are now
Current · $241
Bear
$197
Base
$303
Bull
$349
Market caseClosest to today
Base case
$303+25.4%
At 38x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$197-18.3%
If investor confidence fades or macro conditions deteriorate, a 5x multiple contraction could push AME down roughly 18% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
AMETEK, Inc.
AME · NYSEIndustrialsIndustrial - MachineryDecember year-end
AMETEK is a diversified manufacturer of precision electronic instruments and electromechanical devices for industrial, aerospace, and power markets. It generates revenue primarily through its Electronic Instruments segment (~70% of sales) and Electromechanical segment (~30%), selling highly engineered components and systems. The company's competitive advantage lies in its deep domain expertise across niche industrial applications and a disciplined acquisition strategy that builds a portfolio of market-leading, high-margin businesses.
Market Cap
$55.3B
Revenue TTM
$7.6B
Net Income TTM
$1.5B
Net Margin
20.1%
AME Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
42%Exceptional
vs consensus estimates
Avg EPS Surprise
+3.5%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$1.78/$1.69
Revenue
$1.8B/$1.7B
Q4 2025
EPS
$1.89/$1.76
Revenue
$1.9B/$1.8B
Q1 2026
EPS
$2.01/$1.94
Revenue
$2.0B/$1.9B
Q2 2026
EPS
$1.97/$1.90
Revenue
$1.9B/$1.9B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.78/$1.69 | +5.3% | $1.8B/$1.7B | +2.5% |
| Q4 2025 | $1.89/$1.76 | +7.4% | $1.9B/$1.8B | +4.3% |
| Q1 2026 | $2.01/$1.94 | +3.6% | $2.0B/$1.9B | +2.7% |
| Q2 2026 | $1.97/$1.90 | +3.7% | $1.9B/$1.9B | +0.7% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$8.1B
+6.6% YoY
FY2
$8.7B
+7.0% YoY
EPS Outlook
FY1
$7.47
+12.4% YoY
FY2
$8.03
+7.4% YoY
Trailing FCF (TTM)$1.7B
FCF Margin: 22.4%
Next Earnings
May 7, 2026
Expected EPS
$1.90
Expected Revenue
$1.9B
AME beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
AME Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $7.4B
Product Mix
Latest annual revenue by segment or product family
Electronic Instruments Group
66.5%
+5.6% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Non-US
38.2%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Electronic Instruments Group is the largest disclosed segment at 66.5% of FY 2025 revenue, up 5.6% YoY.
Non-US is the largest reported region at 38.2%, with no year-over-year comparison yet.
AME Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly Overvalued
Fair value est. $199 — implies -13.8% from today's price.
Premium to Fair Value
13.8%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
AME
37.7x
vs
S&P 500
25.2x
+49% premium
vs Industrials Trailing P/E
AME
37.7x
vs
Industrials
25.9x
+46% premium
vs AME 5Y Avg P/E
Today
37.7x
vs
5Y Average
30.8x
+22% premium
Forward PE
29.9x
S&P 500
19.1x
+57%
Industrials
20.8x
+44%
5Y Avg
—
—
Trailing PE
37.7x
S&P 500
25.2x
+49%
Industrials
25.9x
+46%
5Y Avg
30.8x
+22%
PEG Ratio
3.38x
S&P 500
1.75x
+93%
Industrials
1.59x
+113%
5Y Avg
—
—
EV/EBITDA
30.4x
S&P 500
15.3x
+99%
Industrials
13.9x
+119%
5Y Avg
21.7x
+40%
Price/FCF
33.1x
S&P 500
21.3x
+55%
Industrials
20.6x
+60%
5Y Avg
28.3x
+17%
Price/Sales
7.5x
S&P 500
3.1x
+138%
Industrials
1.6x
+370%
5Y Avg
5.9x
+26%
Dividend Yield
0.51%
S&P 500
1.88%
-73%
Industrials
1.24%
-59%
5Y Avg
0.60%
-14%
| Metric | AME | S&P 500 | Industrials | 5Y Avg AME |
|---|---|---|---|---|
| Forward PE | 29.9x | 19.1x+57% | 20.8x+44% | — |
| Trailing PE | 37.7x | 25.2x+49% | 25.9x+46% | 30.8x+22% |
| PEG Ratio | 3.38x | 1.75x+93% | 1.59x+113% | — |
| EV/EBITDA | 30.4x | 15.3x+99% | 13.9x+119% | 21.7x+40% |
| Price/FCF | 33.1x | 21.3x+55% | 20.6x+60% | 28.3x+17% |
| Price/Sales | 7.5x | 3.1x+138% | 1.6x+370% | 5.9x+26% |
| Dividend Yield | 0.51% | 1.88% | 1.24% | 0.60% |
AME trades above S&P 500 benchmarks on 6 of 6 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolAME Financial Health
Verdict
Strong
AME generates $1.7B in free cash flow at a 22.4% margin — 12.1% ROIC signals a durable competitive advantage · returns 1.3% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$7.6B
Revenue Growth
TTM vs prior year
+9.5%
Gross Margin
Gross profit as a share of revenue
36.6%
Operating Margin
Operating income divided by revenue
26.2%
Net Margin
Net income divided by revenue
20.1%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$6.65
Free Cash Flow (TTM)
Cash generation after capex
$1.7B
FCF Margin
FCF as share of revenue — the primary cash quality signal
22.4%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
12.1%
ROA
Return on assets, trailing twelve months
9.6%
Cash & Equivalents
Liquid assets on the balance sheet
$458M
Net Debt
Total debt minus cash
$1.8B
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.1× FCF
~1.1 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
14.4%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
1.3%
Dividend
0.5%
Buyback
0.8%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$434M
Dividend / Share
Annualized trailing dividend per share
$1.23
Payout Ratio
Share of earnings distributed as dividends
19.3%
Shares Outstanding
Declining as buybacks retire shares
229M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageAME Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
High Fixed Costs
Amkor's business model relies heavily on fixed manufacturing costs. If capacity utilization falls below optimal levels, gross margins could compress significantly. This risk is material to profitability.
Medium
Intense Market Competition
Amkor faces intense competition from established semiconductor packaging and testing firms, as well as emerging Chinese competitors. Competitive pressure can lead to pricing erosion and reduced market share. This could negatively impact revenue growth.
Medium
Supply Chain Vulnerabilities
Fluctuations in material costs, substrate capacity constraints, and export controls on advanced equipment can delay production. Such disruptions can increase costs and reduce throughput. The company’s profitability may be adversely affected.
Medium
Regulatory & Geopolitical Risks
Trade restrictions, geopolitical tensions, tariffs, and changes in trade regulations can disrupt global supply chains and affect customer demand. These factors can impose additional costs or limit market access. The impact could be material to operations.
Medium
Lackluster Revenue Growth
AMETEK has experienced slower annualized revenue growth compared to historical trends, with organic growth also underwhelming. This trend may signal weakening demand or competitive pressures. It could constrain future earnings.
Lower
Potential Downside Risk
Analysts have identified a significant downside risk to AMETEK's stock price. While specific catalysts are not detailed, the risk suggests potential for price decline. Investors should consider this when evaluating the stock.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why AME Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Strategic Acquisition of LKC Technologies
AMETEK’s Electronic Instruments Group (EIG) expanded into specialized medical diagnostics through the acquisition of LKC Technologies. This move diversifies EIG’s portfolio and positions the company in a high‑growth niche market.
Aerospace & Defense Demand Surge
The aerospace and defense segment is performing strongly, driven by increased demand for advanced electronic components. This sector provides a stable revenue stream amid broader market volatility.
Robust Organic Sales Growth & Backlog
The company has shown robust organic sales growth, with a notable increase in orders and a strong backlog. Recent earnings per share exceeded expectations, and year‑over‑year revenue has risen consistently.
Management Confidence in Double‑Digit Earnings Growth
AMETEK’s management is confident in achieving double‑digit earnings growth going forward. This outlook is supported by the company’s acquisition strategy and expanding market presence.
Diversified Market Exposure Enhances Resilience
AMETEK’s diversified exposure across niche markets and its ability to navigate disruptions underscore its resilience. The company’s broad product mix helps mitigate sector‑specific risks.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
AME Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$241.38
52W Range Position
98%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$167.75
+43.9% from the low
52-Week High
$243.18
-0.7% from the high
1 Month
+10.51%
3 Month
+4.08%
YTD
+15.4%
1 Year
+43.8%
3Y CAGR
+18.5%
5Y CAGR
+12.2%
10Y CAGR
+17.8%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
AME vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
29.9x
vs 20.4x median
+47% above peer median
Revenue Growth
+6.6%
vs +1.8% median
+255% above peer median
Net Margin
20.1%
vs 16.0% median
+26% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
AME AME AMETEK, Inc. | $55.3B | 29.9x | +6.6% | 20.1% | Buy | +1.9% |
DHR DHR Danaher Corporation | $123.8B | 20.7x | +1.8% | 14.9% | Buy | +41.2% |
ROP ROP Roper Technologies, Inc. | $36.1B | 16.0x | +9.7% | 21.1% | Buy | +30.7% |
FTV FTV Fortive Corporation | $18.6B | 20.4x | -9.3% | 11.5% | Hold | +0.4% |
ITW ITW Illinois Tool Works Inc. | $75.1B | 23.1x | +1.8% | 19.3% | Hold | +5.0% |
PNR PNR Pentair plc | $12.9B | 14.9x | +2.4% | 16.0% | Hold | +42.0% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
AME Dividend and Capital Return
AME returns capital mainly through $434M/year in buybacks (0.8% buyback yield), with a modest 0.53% dividend — combining for 1.3% total shareholder yield. The dividend has grown for 16 consecutive years.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
1.3%
Dividend + buyback return per year
Buyback Yield
0.8%
Dividend Yield
0.53%
Payout Ratio
19.3%
How AME Splits Its Return
Div 0.53%
Buyback 0.8%
Dividend 0.53%Buybacks 0.8%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.23
Growth Streak
Consecutive years of dividend increases
16Y
3Y Div CAGR
12.1%
5Y Div CAGR
11.5%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$434M
Estimated Shares Retired
2M
Approx. Share Reduction
0.8%
Shares Outstanding
Current diluted share count from the screening snapshot
229M
At 0.8%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.34 | — | — | — |
| 2025 | $1.24 | +10.7% | 0.9% | 1.5% |
| 2024 | $1.12 | +12.0% | 0.5% | 1.1% |
| 2023 | $1.00 | +13.6% | 0.0% | 0.6% |
| 2022 | $0.88 | +10.0% | 1.0% | 1.7% |
FAQ
7 questionsAME Investor Questions
Common questions answered from live analyst data and company financials.
01Is AMETEK, Inc. (AME) stock a buy or sell in 2026?
AMETEK, Inc. (AME) is rated Buy by Wall Street analysts as of 2026. Of 29 analysts covering the stock, 20 rate it Buy or Strong Buy, 9 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $246, implying +1.9% from the current price of $241. The bear case scenario is $197 and the bull case is $349.
02What is the AME stock price target for 2026?
The Wall Street consensus price target for AME is $246 based on 29 analyst estimates. The high-end target is $271 (+12.3% from today), and the low-end target is $215 (-10.9%). The base case model target is $303.
03Is AMETEK, Inc. (AME) stock overvalued in 2026?
AME trades at 29.9x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals slightly overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for AMETEK, Inc. (AME) stock in 2026?
The primary risks for AME in 2026 are: (1) High Fixed Costs — Amkor's business model relies heavily on fixed manufacturing costs. (2) Intense Market Competition — Amkor faces intense competition from established semiconductor packaging and testing firms, as well as emerging Chinese competitors. (3) Supply Chain Vulnerabilities — Fluctuations in material costs, substrate capacity constraints, and export controls on advanced equipment can delay production. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is AMETEK, Inc.'s revenue and earnings forecast?
Analyst consensus estimates AME will report consensus revenue of $8.1B (+6.6% year-over-year) and EPS of $7.47 (+12.4% year-over-year) for the upcoming fiscal year. The following year, analysts project $8.7B in revenue.
06When does AMETEK, Inc. (AME) report its next earnings?
AMETEK, Inc. is expected to report its next earnings on approximately 2026-05-07. Consensus expects EPS of $1.90 and revenue of $1.9B. Over recent quarters, AME has beaten EPS estimates 100% of the time.
07How much free cash flow does AMETEK, Inc. generate?
AMETEK, Inc. (AME) generated $1.7B in free cash flow over the trailing twelve months — a free cash flow margin of 22.4%. AME returns capital to shareholders through dividends (0.5% yield) and share repurchases ($434M TTM).