Teledyne Technologies Incorporated (TDY)

NYSE: TDY · USD

$665

+9.89 (+1.5%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-05

Our latest published analysis: TDY rated Sell

Teledyne Technologies Incorporated's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$461 / share

Potential value

$536 / share

Upside to FV

-25.8%

from $665

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$28.8B
Revenue (ttm)	6.5B
Net income (ttm)	1B
EPS (ttm)	$21.8
Shares out	46M
P/E (trailing)	30.4x
P/E (forward)	23.6x
Volume	238,942
Beta	0.89

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 6.5B
Net income (ttm): 1B
EPS (ttm): $21.8
P/E (trailing): 30.4x
P/E (forward): 23.6x
Market cap: $28.8B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-01-02	2023-01-01	2023-12-31	2024-12-29	2025-12-28	Trend
Revenue	$4.61B	$5.46B	$5.64B	$5.67B	$6.12B	+7.3%
Gross profit	$1.84B	$2.33B	$2.44B	$2.43B	$2.40B	+6.8%
Operating income	$624.3M	$972.0M	$1.03B	$989.1M	$1.15B	+16.5%
Net income	$445.3M	$788.6M	$885.7M	$819.2M	$894.8M	+19.1%
EPS (diluted)	$10.05	$16.53	$18.49	$17.21	$18.88	+17.1%
EBITDA	$996.4M	$1.33B	$1.35B	$1.31B	$1.49B	+10.6%
R&D	$299.3M	$352.2M	$356.3M	$292.6M	$317.3M	+1.5%
SG&A	$1.07B	$804.0M	$852.0M	$902.6M	$931.1M	-3.4%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	매도
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	보유
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	매도
AI	C3.ai, Inc.	2B	—	8.4x	-35.6%	+3.6%	-33.6%	매도

Base and Bull scenarios

Base65%

Price target

$460.57

-25.8% from spot

Teledyne delivers consistent execution in line with management guidance and mature compounder characteristics. Digital Imaging expands at ~7.5% and Aerospace/Defense grows at 7.2%, while Instrumentation delivers 5.7% growth. Free cash flow conversion remains healthy around 100% of net income, but present intrinsic value of $460.57 sits well below market trading levels.

Revenue growth decelerates gradually from 6.88% in FY2026 to 4.45% in FY2030, reaching $6,536.4M in FY2026
Operating margin expands 56 bps in FY2026 to 19.35% with steady expansion through FY2030
Net reinvestment rate scales from 12.0% to 15.0% of NOPAT, incorporating guided ~30% CapEx increase in FY2026
Terminal P/E multiple fades to 21.0x at 9.0455% cost of equity and 3.0% perpetual growth

Bull15%

Price target

$535.73

-13.7% from spot

Accelerating defense modernization across NATO allies, surging counter-UAS sensor procurement, and robust commercial aviation avionics orders drive organic top-line expansion above guided rates. High-fixed-cost absorption in sensor foundries lifts operating margins beyond 20.5%, generating free cash flow well in excess of $1.2 billion and powering accretive programmatic acquisitions.

Digital Imaging and Aerospace/Defense organic revenue growth exceeds 9.0%
Qioptiq and European defense optics sustain organic growth at or above 20% on NATO procurement
Consolidated GAAP operating margin expands above 20.5% through volume absorption and favorable sensor payload mix
Terminal forward multiple sustains premium valuation levels supported by robust defense electronics demand

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($460.57). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.5%	2.8%	3.0%	3.3%	3.5%
8.1%	$484	$491	$498	$506	$515
8.6%	$466	$472	$478	$484	$492
9.1%	$451	$456	$461	$466	$472
9.6%	$438	$441	$446	$450	$455
10.1%	$426	$429	$432	$436	$440

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E23.6

P25 n/aP50 n/aP75 n/a

Trailing P/E29.8

P25 n/aP50 n/aP75 n/a

ROE9.5

P25 n/aP50 n/aP75 n/a

ROIC8.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TDY indicators

Market & fundamental data

Available fields

278

Groups with data

Currency

USD

Showing 278 of 278 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001094285
Company name	Teledyne Technologies Incorporated
Country	United States
Country code	US
CUSIP number	879360105
Earnings date	2026-10-21
Earnings time	bmo
Employees	15,800
Employees change	900
Employees growth	6.04%
Enterprise value	$32.1B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-27
First seen	2026-05-09
Fiscal year end	December
Founded	1960
In index	SP500
Industry	Scientific & Technical Instruments
IPO date	1999-11-23
Is primary listing	Yes
Is SPAC	No
ISIN number	US8793601050
Last 10-K release date	2026-02-20
Last earnings date	2026-10-21
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$30.6B
Market cap category	Large-Cap
Next earnings date	2027-01-20
Options	Yes
Price	$664.85
Price currency	USD
Sector	Technology
SIC code	3812
Stock price date	2026-10-28
Symbol	TDY
U.S. state	California
Website	https://www.teledyne.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	26.49x
Average P/E ratio (10Y)	28.78x
Average P/E ratio (3Y)	26.58x
Average P/E ratio (5Y)	27.68x
Earnings yield	3.29%
EV/Earnings	30.89x
EV/EBIT	24.13x
EV/EBITDA	19.14x
EV/FCF	27.64x
EV/Sales	4.87x
FCF / EV yield	3.62%
FCF yield	3.79%
Forward EV/Sales	4.58x
Forward P/E	28.26x
Forward P/S	4.37x
Graham number	344.11693
Graham upside	-47.64%
Industry forward P/E	21.82x
Industry P/E	38.72x
Lynch fair value	$433.19
Lynch upside	-34.09%
P/(FCF - SBC) ratio	27.33x
P/(OCF - SBC) ratio	24.4x
P/B ratio	2.72x
P/E ratio	30.44x
P/FCF ratio	26.36x
P/OCF ratio	23.62x
P/S ratio	4.64x
PEG ratio	2.63x
Price / tangible book value	57.14x
Price/EBITDA ratio	18.26x
Sector forward P/E	18.38x
Sector P/E	32.76x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	20.16%
EBITDA margin	25.41%
Effective tax rate	19.01%
FCF margin	17.6%
Gross margin	43.6%
Operating margin	20.16%
Pretax margin	19.45%
Profit margin	15.75%
Profit per employee	$64,994
Profitable quarters	101
Profitable years	30
Revenue per employee	$412,646
ROA	5.31%
ROA (5Y)	4.61%
ROCE	9.36%
ROE	9.47%
ROE (5Y)	9.21%
ROIC	8.45%
ROIC (5Y)	7.91%
SBC / revenue	0.62%
Tax / revenue	3.7%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	26.56%
EPS growth (Q)	25.16%
EPS growth (QoQ)	8.38%
EPS growth 10Y	14.86%
EPS growth 3Y	9.83%
EPS growth 5Y	17.06%
EPS growth quarters	4
EPS growth years	1
FCF growth	10.55%
FCF growth (Q)	1.78%
FCF growth (QoQ)	12.22%
FCF growth 3Y	12.76%
FCF growth 5Y	11.09%
Gross profit growth	10.76%
Gross profit growth (Q)	12.12%
Gross profit growth 3Y	5.32%
Gross profit growth 5Y	11.09%
Net income growth	25.58%
Net income growth (Q)	23.61%
Net income growth (QoQ)	8.38%
Net income growth 3Y	9.18%
Net income growth 5Y	19.83%
Net income growth quarters	4
Net income growth years	1
OCF growth	11.88%
OCF growth (Q)	2.74%
OCF growth (QoQ)	11.83%
OCF growth 10Y	15.18%
OCF growth 3Y	12.09%
OCF growth 5Y	10.84%
Operating income growth	17.31%
Operating income growth (Q)	22.52%
Operating income growth 3Y	7.62%
Operating income growth 5Y	11.41%
Revenue growth	8.57%
Revenue growth (Q)	9.45%
Revenue growth (QoQ)	1.35%
Revenue growth 10Y	11.43%
Revenue growth 3Y	5.02%
Revenue growth 5Y	10%
Revenue growth quarters	9
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-133M
Depreciation and amortization	$342.2M
EBIT	$1.3B
EBITDA	$1.7B
EPS	$21.84
FCF per share	$24.93
Financing cash flow	$-989.5M
Free cash flow	$1.1B
Free cash flow minus SBC	$1.1B
Gross profit	$2.8B
Income taxes	$241.1M
Investing cash flow	$-257.4M
Net borrowing	$-505.6M
Net cash flow	$33.8M
Net income	$1B
Operating cash flow minus SBC	$1.2B
Operating income	$1.3B
Revenue	$6.5B
Stock-based compensation	$40.6M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	5.37
Book value per share	$240.94
Debt / EBITDA	1.19
Debt / equity	0.18
Debt / FCF	1.77
Goodwill	$8.7B
Interest coverage	27.11
Long-term assets	$12B
Long-term liabilities	$2.9B
Net cash (debt)	$-1.5B
Net cash / market cap	-4.84%
Net debt / EBITDA	0.88
Net debt / equity	0.13
Net debt / FCF	1.28
Piotroski F-Score	8
Property, plant and equipment	$840.5M
Shareholders' equity	$11.1B
Tangible book value	$529.5M
Tangible book value per share	$11.46
Total assets	$15.6B
Total cash	$562.4M
Total debt	$2B
Total liabilities	$4.4B
WACC	8.72%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.42
Current assets	$3.5B
Current liabilities	$1.5B
Current ratio	2.31
Inventory turnover	3.23
Net working capital	$1.4B
Quick ratio	1.28
Working capital	$2B
Working capital turnover	3.82

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.74%
Dividend yield	0%
Shareholder yield	0.74%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	527.38%
10Y return CAGR	20.16%
10Y total return	527.38%
150-day SMA	$630.72
15Y price change	1,034.77%
15Y return CAGR	17.58%
15Y total return	1,034.77%
1D price change	1.51%
1M price change	8.2%
1M total return	8.2%
1W price change	5.11%
1W total return	5.11%
1Y price change	25.75%
1Y return CAGR	25.77%
1Y total return	25.75%
20-day SMA	$622.98
200-day SMA	$632.65
20Y price change	1,490.14%
20Y return CAGR	14.83%
20Y total return	1,490.14%
3M price change	1.98%
3M total return	1.98%
3Y price change	79.26%
3Y return CAGR	21.47%
3Y total return	79.26%
50-day SMA	$617.12
50-day SMA vs 200-day SMA	50under200
52-week high	$697.67
52-week high date	2026-08-10
52-week low	$483.02
52-week low date	2025-11-21
5Y price change	46.91%
5Y return CAGR	8%
5Y total return	46.91%
6M price change	1.38%
6M total return	1.38%
All-time high	$697.67
All-time high date	2026-08-10
All-time low	$7.81
All-time low date	1999-12-14
Average true range (ATR)	$14.75
Average volume	323.9K
Beta (1Y)	0.58
Beta (2Y)	0.85
Beta (5Y)	0.89
Change from 52-week high	-4.7%
Change from 52-week low	37.64%
Change from all-time high	-4.75%
Change from all-time low	8,405.31%
Change from open	1.3%
Day's gap	0.2%
Dollar volume	$158.9M
High price	$667.23
Low price	$656.29
Monthly RSI	61.04
Open price	$656.29
Position in 52-week range	78.24%
Premarket change	0.12%
Premarket close	$654.99
Premarket price	$655.80
Previous close	$654.99
Price vs 150-day SMA	5.36%
Price vs 20-day SMA	6.67%
Price vs 200-day SMA	5.04%
Price vs 50-day SMA	7.68%
Relative volume	0.74
RSI	72.24
Sharpe ratio	0.86
Sharpe ratio (3Y)	0.72
Sharpe ratio (5Y)	0.3
Sortino ratio	1.64
Sortino ratio (3Y)	1.3
Sortino ratio (5Y)	0.66
Volume	238.9K
Weekly RSI	61.46
YTD price change	30.11%
YTD total return	30.11%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	45.5M
Float percentage	98.81%
Shares change (QoQ)	0%
Shares change (YoY)	-0.74%
Shares held by insiders	0.91%
Shares held by institutions	99.1%
Shares outstanding	46M
Short % of float	2.46%
Short % of shares	2.43%
Short ratio	4.1 days

Deeper analysis on TDY

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this TDY report

What is the latest published TDY stock rating?

Teledyne Technologies Incorporated is shown with Sell in the latest published report, analyzed 2026-10-05. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full TDY analysis?

The full latest published report, analyzed 2026-10-05, lives at /stocks/TDY/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for TDY?

The latest published report analyzed 2026-10-05 gives TDY a fair value of USD 461 and a potential value of USD 536. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the TDY page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-05). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellTDY · Fair value $461-25.8%

Read full analysis →

Teledyne Technologies Incorporated (TDY)

Our latest published analysis: TDY rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · TDY

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All TDY indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TDY

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	1.5
Management	8.5
Balance Sheet	8.5
Profitability	5.5
Revenue Growth	6.0
Risk Assessment	8.0
Competitive Moat	7.5
Earnings Quality	9.0
Capital Efficiency	3.5