Upside case
Bull case
$293+69.6%
NVT would need investors to value it at roughly 70x earnings — about 29x more generous than today's 41x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
nVent Electric plc (NVT) 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
17
analysts
14 bullish · 0 bearish · 17 covering NVT
Strong Buy
0
Buy
14
Hold
3
Sell
0
Strong Sell
0
Consensus Target
$134
-22.3% vs today
Scenario Range
$31 – $293
Model bear to bull value window
Coverage
17
Published analyst ratings
Valuation Context
41.1x
Forward P/E · Market cap $27.9B
NVT price targets
Three scenarios for where NVT stock could go
Current
~$172
Confidence
58 / 100
Updated
May 1, 2026
Where we are now
Current · $172
Bear
$31
Base
$229
Bull
$293
Market caseClosest to today
Base case
$229+32.8%
At 55x 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
$31-81.8%
If investor confidence fades or macro conditions deteriorate, a 34x multiple contraction could push NVT down roughly 82% 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.
nVent Electric plc
NVT · NYSEIndustrialsElectrical Equipment & PartsDecember year-end
nVent Electric is a global manufacturer of electrical connection and protection products that safeguard critical equipment and infrastructure. It generates revenue through three main segments: Enclosures (~40% of sales), Electrical & Fastening Solutions (~35%), and Thermal Management (~25%), selling to industrial, commercial, and energy customers. The company's competitive advantage lies in its deep application expertise across diverse end markets—from data centers to oil & gas—and its comprehensive portfolio of complementary products that create cross-selling opportunities.
Market Cap
$27.9B
Revenue TTM
$4.3B
Net Income TTM
$492M
Net Margin
11.4%
NVT 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
75%Exceptional
12 quarters tracked
Revenue Beat Rate
33%Exceptional
vs consensus estimates
Avg EPS Surprise
+3.9%
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
$0.86/$0.79
Revenue
$963M/$908M
Q4 2025
EPS
$0.91/$0.89
Revenue
$1.1B/$1.0B
Q1 2026
EPS
$0.90/$0.90
Revenue
$1.1B/$1.0B
Q2 2026
EPS
$1.09/$0.94
Revenue
$1.2B/$1.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.86/$0.79 | +9.0% | $963M/$908M | +6.0% |
| Q4 2025 | $0.91/$0.89 | +2.8% | $1.1B/$1.0B | +4.8% |
| Q1 2026 | $0.90/$0.90 | +0.3% | $1.1B/$1.0B | +6.2% |
| Q2 2026 | $1.09/$0.94 | +16.0% | $1.2B/$1.1B | +12.0% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$5.1B
+18.8% YoY
FY2
$6.3B
+22.3% YoY
EPS Outlook
FY1
$4.30
+43.4% YoY
FY2
$5.72
+33.0% YoY
Trailing FCF (TTM)$387M
FCF Margin: 8.9%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
NVT beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
NVT 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 $3.9B
Product Mix
Latest annual revenue by segment or product family
Enclosures Segment
66.6%
+42.2% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
North America
81.1%
+36.5% YoY
Tap, hover, or focus a slice to inspect segment detail.
Enclosures Segment is the largest disclosed segment at 66.6% of FY 2025 revenue, up 42.2% YoY.
North America is the largest reported region at 81.1%, up 36.5% YoY.
NVT Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Overvalued
Fair value est. $106 — implies -33.2% from today's price.
Premium to Fair Value
33.2%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
NVT
40.0x
vs
S&P 500
25.2x
+59% premium
vs Industrials Trailing P/E
NVT
40.0x
vs
Industrials
25.9x
+55% premium
vs NVT 5Y Avg P/E
Today
40.0x
vs
5Y Average
23.1x
+73% premium
Forward PE
41.1x
S&P 500
19.1x
+115%
Industrials
20.8x
+97%
5Y Avg
—
—
Trailing PE
40.0x
S&P 500
25.2x
+59%
Industrials
25.9x
+55%
5Y Avg
23.1x
+73%
PEG Ratio
—
S&P 500
1.75x
—
Industrials
1.59x
—
5Y Avg
—
—
EV/EBITDA
35.4x
S&P 500
15.3x
+132%
Industrials
13.9x
+155%
5Y Avg
19.4x
+82%
Price/FCF
75.0x
S&P 500
21.3x
+252%
Industrials
20.6x
+263%
5Y Avg
24.9x
+201%
Price/Sales
7.2x
S&P 500
3.1x
+129%
Industrials
1.6x
+351%
5Y Avg
3.5x
+107%
Dividend Yield
0.46%
S&P 500
1.88%
-76%
Industrials
1.24%
-63%
5Y Avg
1.34%
-66%
| Metric | NVT | S&P 500 | Industrials | 5Y Avg NVT |
|---|---|---|---|---|
| Forward PE | 41.1x | 19.1x+115% | 20.8x+97% | — |
| Trailing PE | 40.0x | 25.2x+59% | 25.9x+55% | 23.1x+73% |
| PEG Ratio | — | 1.75x | 1.59x | — |
| EV/EBITDA | 35.4x | 15.3x+132% | 13.9x+155% | 19.4x+82% |
| Price/FCF | 75.0x | 21.3x+252% | 20.6x+263% | 24.9x+201% |
| Price/Sales | 7.2x | 3.1x+129% | 1.6x+351% | 3.5x+107% |
| Dividend Yield | 0.46% | 1.88% | 1.24% | 1.34% |
NVT trades above S&P 500 benchmarks on 5 of 5 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 toolNVT Financial Health
Verdict
Strong
NVT generates $387M in free cash flow at a 8.9% margin — returns 1.4% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$4.3B
Revenue Growth
TTM vs prior year
+40.3%
Gross Margin
Gross profit as a share of revenue
37.0%
Operating Margin
Operating income divided by revenue
15.8%
Net Margin
Net income divided by revenue
11.4%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$3.00
Free Cash Flow (TTM)
Cash generation after capex
$387M
FCF Margin
FCF as share of revenue — the primary cash quality signal
8.9%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
8.9%
ROA
Return on assets, trailing twelve months
7.2%
Cash & Equivalents
Liquid assets on the balance sheet
$238M
Net Debt
Total debt minus cash
$1.3B
Debt Serviceability
Net debt as a multiple of annual free cash flow
3.4× FCF
~3.4 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
13.4%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
1.4%
Dividend
0.5%
Buyback
0.9%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$253M
Dividend / Share
Annualized trailing dividend per share
$0.79
Payout Ratio
Share of earnings distributed as dividends
18.4%
Shares Outstanding
Declining as buybacks retire shares
162M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageNVT Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Tariff Headwinds
Tariffs can significantly pressure nVent Electric's margins. Although the company has shown resilience by absorbing some of these impacts through pricing strategies, ongoing tariff challenges could adversely affect profitability.
High Risk
Intensifying Competition
nVent Electric is experiencing strong growth, particularly in liquid cooling for data centers; however, competition in this sector is intensifying. This heightened competition could lead to pricing pressures and reduced market share.
Medium
Margin Contraction
There has been a contraction in nVent Electric's adjusted segment margins, which are currently below estimates. This suggests potential profitability pressures that could impact future earnings.
Medium
Weakening Demand Momentum
While organic orders for nVent Electric have increased, the growth rate has diminished from previous quarters. This slowdown in demand momentum raises concerns about the sustainability of future revenue growth.
Medium
Declining Gross Margins
nVent Electric has reported a year-over-year decline in gross margins, contributing to a negative outlook for future profitability. This trend could hinder the company's ability to maintain competitive pricing.
Lower
Operational Challenges
Macroeconomic factors such as inflation and supply chain disruptions pose operational challenges for nVent Electric. These issues could affect production efficiency and overall business performance.
Lower
Valuation Concerns
nVent Electric's Price-to-Earnings ratio is considered expensive compared to its fair P/E ratio and the industry average. This elevated valuation could lead to investor skepticism and potential stock price volatility.
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 NVT Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Data Center Growth
nVent is a critical player in data center infrastructure, with significant growth in its data center segment, driven by hyperscalers increasing capital expenditures. The company's solutions address the rising power demand and large-scale capacity buildouts required for digital infrastructure.
Electrification and Energy Transition
nVent benefits from strong demand in power transmission, distribution, and energy transition projects. This is supported by substantial anticipated investments in U.S. utilities and data center capacity through 2030.
Acquisitions and Portfolio Strength
Management's emphasis on acquisitions is seen as a growth lever, expanding nVent's role in data and power infrastructure. The company's integrated product portfolio, including enclosures, bus systems, switchgear, cable management, and cooling solutions, provides a competitive edge.
Financial Performance
nVent has demonstrated significant revenue growth, with strong organic order increases and expectations for continued organic sales growth. The company's full-year 2025 results highlight its reliance on higher-value infrastructure solutions.
Analyst Sentiment
The consensus rating among analysts is largely positive, with a 'Strong Buy' recommendation from many. Some analysts have raised price targets, citing confidence in nVent's exposure to AI data center infrastructure and liquid cooling.
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.
NVT 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
$172.49
52W Range Position
98%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$59.57
+189.6% from the low
52-Week High
$174.50
-1.2% from the high
1 Month
+46.91%
3 Month
+53.13%
YTD
+61.5%
1 Year
+186.1%
3Y CAGR
+60.9%
5Y CAGR
+40.4%
10Y CAGR
+21.1%
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.
NVT vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
41.1x
vs 22.8x median
+80% above peer median
Revenue Growth
+18.8%
vs +5.6% median
+238% above peer median
Net Margin
11.4%
vs 13.3% median
-15% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
NVT NVT nVent Electric plc | $27.9B | 41.1x | +18.8% | 11.4% | Buy | -22.3% |
ETN ETN Eaton Corporation plc | $163.5B | 31.7x | +9.1% | 14.0% | Buy | -9.9% |
ATK ATKR Atkore Inc. | $2.6B | 14.4x | -4.9% | -4.2% | Hold | -2.9% |
HUB HUBB Hubbell Incorporated | $26.7B | 25.5x | +5.6% | 15.1% | Hold | +6.5% |
AYI AYI Acuity Brands, Inc. | $9.1B | 15.1x | +7.2% | 9.0% | Hold | +32.7% |
EMR EMR Emerson Electric Co. | $83.2B | 22.8x | +3.8% | 13.3% | Buy | +9.5% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
NVT Dividend and Capital Return
NVT returns capital mainly through $253M/year in buybacks (0.9% buyback yield), with a modest 0.46% dividend — combining for 1.4% total shareholder yield.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
1.4%
Dividend + buyback return per year
Buyback Yield
0.9%
Dividend Yield
0.46%
Payout Ratio
18.4%
How NVT Splits Its Return
Div 0.46%
Buyback 0.9%
Dividend 0.46%Buybacks 0.9%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.79
Growth Streak
Consecutive years of dividend increases
2Y
3Y Div CAGR
4.6%
5Y Div CAGR
2.7%
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
$253M
Estimated Shares Retired
1M
Approx. Share Reduction
0.9%
Shares Outstanding
Current diluted share count from the screening snapshot
162M
At 0.9%/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 | $0.42 | — | — | — |
| 2025 | $0.80 | +5.3% | 1.5% | 2.3% |
| 2024 | $0.76 | +8.6% | 0.9% | 2.0% |
| 2023 | $0.70 | 0.0% | 0.6% | 1.8% |
| 2022 | $0.70 | 0.0% | 1.0% | 2.8% |
FAQ
7 questionsNVT Investor Questions
Common questions answered from live analyst data and company financials.
01Is nVent Electric plc (NVT) stock a buy or sell in 2026?
nVent Electric plc (NVT) is rated Buy by Wall Street analysts as of 2026. Of 17 analysts covering the stock, 14 rate it Buy or Strong Buy, 3 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $134, implying -22.3% from the current price of $172. The bear case scenario is $31 and the bull case is $293.
02What is the NVT stock price target for 2026?
The Wall Street consensus price target for NVT is $134 based on 17 analyst estimates. The high-end target is $141 (-18.3% from today), and the low-end target is $130 (-24.6%). The base case model target is $229.
03Is nVent Electric plc (NVT) stock overvalued in 2026?
NVT trades at 41.1x 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 significantly overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for nVent Electric plc (NVT) stock in 2026?
The primary risks for NVT in 2026 are: (1) Tariff Headwinds — Tariffs can significantly pressure nVent Electric's margins. (2) Intensifying Competition — nVent Electric is experiencing strong growth, particularly in liquid cooling for data centers; however, competition in this sector is intensifying. (3) Margin Contraction — There has been a contraction in nVent Electric's adjusted segment margins, which are currently below estimates. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is nVent Electric plc's revenue and earnings forecast?
Analyst consensus estimates NVT will report consensus revenue of $5.1B (+18.8% year-over-year) and EPS of $4.30 (+43.4% year-over-year) for the upcoming fiscal year. The following year, analysts project $6.3B in revenue.
06When does nVent Electric plc (NVT) report its next earnings?
A confirmed upcoming earnings date for NVT is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does nVent Electric plc generate?
nVent Electric plc (NVT) generated $387M in free cash flow over the trailing twelve months — a free cash flow margin of 8.9%. NVT returns capital to shareholders through dividends (0.5% yield) and share repurchases ($253M TTM).