Trimble Inc. (TRMB)

NASDAQ: TRMB · USD

$64.3

+1.15 (+1.8%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-20

Our latest published analysis: TRMB rated Sell

Trimble Inc.'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

$28.3 / share

Potential value

$39.1 / share

Upside to FV

-50.9%

from $64.3

Moat

7/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$13.4B
Revenue (ttm)	3.8B
Net income (ttm)	-104.7M
EPS (ttm)	-$0.44
Shares out	233.2M
P/E (forward)	13.6x
Volume	1,524,564
Beta	1.34

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 3.8B
Net income (ttm): -104.7M
EPS (ttm): -$0.44
P/E (forward): 13.6x
Market cap: $13.4B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-30	2023-12-29	2025-01-03	2026-01-02	Trend
Revenue	$3.66B	$3.68B	$3.80B	$3.68B	$3.59B	-0.5%
Gross profit	$2.03B	$2.11B	$2.33B	$2.40B	$2.48B	+5.0%
Operating income	$561.0M	$510.9M	$448.8M	$460.7M	$592.0M	+1.4%
Net income	$492.7M	$449.7M	$311.3M	$1.50B	$424.0M	-3.7%
EPS (diluted)	$1.94	$1.80	$1.25	$6.09	$1.76	-2.4%
EBITDA	$819.9M	$747.4M	$768.6M	$2.33B	$763.7M	-1.8%
R&D	$536.6M	$542.1M	$664.3M	$662.3M	$630.7M	+4.1%
SG&A	$369.1M	$422.2M	$487.5M	$547.9M	$483.1M	+7.0%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
BA	The Boeing Company	132.2B	18.0x	1.4x	-0.8%	+8.6%	-25.2%	Bán
BMY	Bristol-Myers Squibb Company	123.6B	13.3x	2.5x	21.7%	+2.1%	+45.8%	Bán
CHTR	Charter Communications, Inc.	17.2B	2.7x	0.3x	8.5%	+1.7%	-57.3%	Mua mạnh
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	Bán
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	Giữ
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Mua mạnh

Base and Bull scenarios

Base50%

Price target

$28.25

-50.9% from spot

The Base scenario carries 50.0% probability, establishing an intrinsic target of $28.25, which corresponds to -50.9% return from $57.56 (as of 2026-09-18). Under this path, recurring cloud subscriptions in AECO expand at a steady pace, while Field Systems hardware shipments track modest construction growth, allowing consolidated operating margins to normalize toward target levels over the forecast horizon.

Consolidated revenue growth tracks moderate single-digit expansion across explicit forecast years.
Operating margin gradually expands toward normalized levels as AECO software mix rises.
Cost of capital remains aligned with long-term capital structure and moderate equity risk premiums.

Bull15%

Price target

$39.08

-32.1% from spot

The Bull scenario carries 15.0% probability, projecting Potential value of $39.08, which corresponds to -32.1% return from $57.56 (as of 2026-09-18). This path assumes accelerated contractor adoption of connected construction ecosystems, driving subscription ARR expansion across AECO and enabling operating leverage to exceed prior peaks without competitive hardware discounting.

Rapid migration of contractors to cloud-based BIM software drives double-digit annual subscription ARR growth.
Consolidated operating margin expands beyond historical highs due to high gross-margin software leverage.
Field Systems maintains stable pricing and unit volumes without discounting against specialized instrument peers.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($28.25). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
7.4%	$33.2	$34.2	$35.4	$36.9	$38.7
8.4%	$29.9	$30.5	$31.3	$32.2	$33.3
9.4%	$27.3	$27.7	$28.3	$28.9	$29.6
10.4%	$25.1	$25.5	$25.8	$26.3	$26.8
11.4%	$23.3	$23.6	$23.8	$24.2	$24.5

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/E13.6

P25 n/aP50 n/aP75 n/a

Trailing P/E31.2

P25 n/aP50 n/aP75 n/a

ROE-1.9

P25 n/aP50 n/aP75 n/a

ROIC10.3

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TRMB indicators

Market & fundamental data

Available fields

255

Groups with data

Currency

USD

Showing 255 of 255 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	0000864749
Company name	Trimble Inc.
Country	United States
Country code	US
CUSIP number	896239100
Earnings date	2026-11-04
Earnings time	bmo
Employees	11,500
Employees change	-600
Employees growth	-4.96%
Enterprise value	$16.2B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-07-03
First seen	2026-05-09
Fiscal year end	January
Founded	1978
In index	SP500
Industry	Scientific & Technical Instruments
IPO date	1990-07-20
Is primary listing	Yes
Is SPAC	No
ISIN number	US8962391004
Last 10-K release date	2026-02-25
Last earnings date	2026-08-12
Last refreshed	2026-10-28
Last stock split date	2013-03-21
Last stock split type	Forward
Market cap	$15B
Market cap category	Large-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$64.31
Price currency	USD
Sector	Technology
SIC code	3829
Stock price date	2026-10-28
Symbol	TRMB
U.S. state	Colorado
Website	https://www.trimble.com

Valuation

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

Metric	Value
Adjusted P/E ratio	18.59x
Average P/E ratio (10Y)	39.63x
Average P/E ratio (3Y)	35.01x
Average P/E ratio (5Y)	34.44x
Earnings yield	-0.69%
EV/EBIT	23.92x
EV/EBITDA	18.43x
EV/FCF	20.98x
EV/Sales	4.29x
FCF / EV yield	4.77%
FCF yield	5.16%
Forward EV/Sales	3.99x
Forward P/E	16.34x
Forward P/S	3.68x
Industry forward P/E	21.95x
Industry P/E	39.52x
P/(FCF - SBC) ratio	24.24x
P/(OCF - SBC) ratio	23.26x
P/B ratio	2.88x
P/FCF ratio	19.37x
P/OCF ratio	18.74x
P/S ratio	3.96x
PEG ratio	1.63x
Price/EBITDA ratio	17.01x
Sector forward P/E	18.86x
Sector P/E	32.77x

Profitability

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

Metric	Value
EBIT margin	17.92%
EBITDA margin	23.27%
FCF margin	20.44%
Gross margin	71.77%
Operating margin	17.92%
Pretax margin	-0.1%
Profit margin	-2.77%
Profit per employee	$-9,104
Profitable years	24
Revenue per employee	$328,948
ROA	4.8%
ROA (5Y)	4.15%
ROCE	9.51%
ROE	-1.94%
ROE (5Y)	13.66%
ROIC	10.3%
ROIC (5Y)	7.43%
SBC / revenue	4.11%
Tax / revenue	2.67%

Growth

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

Metric	Value
EPS growth years	0
FCF growth	169.28%
FCF growth (QoQ)	-13.18%
FCF growth 3Y	15.12%
FCF growth 5Y	0.64%
Gross profit growth	9.14%
Gross profit growth (Q)	13%
Gross profit growth 3Y	6.01%
Gross profit growth 5Y	6.12%
Net income growth years	0
OCF growth	156.04%
OCF growth (QoQ)	-12.52%
OCF growth 10Y	8.72%
OCF growth 3Y	13.92%
OCF growth 5Y	0.04%
Operating income growth	27.9%
Operating income growth (Q)	11.27%
Operating income growth 3Y	12.01%
Operating income growth 5Y	4.13%
Revenue growth	5.8%
Revenue growth (Q)	11%
Revenue growth (QoQ)	3.42%
Revenue growth 10Y	5.04%
Revenue growth 3Y	1.2%
Revenue growth 5Y	1.84%
Revenue growth quarters	2
Revenue growth years	0

Financial statements

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

Metric	Value
Capital expenditures	$-26M
Depreciation and amortization	$202.1M
EBIT	$678M
EBITDA	$880.1M
EPS	$-0.44
FCF per share	$3.32
Financing cash flow	$-588.2M
Free cash flow	$773.1M
Free cash flow minus SBC	$617.8M
Gross profit	$2.7B
Income taxes	$100.9M
Investing cash flow	$-255.1M
Net borrowing	$-54.7M
Net cash flow	$-51.5M
Net income	$-104.7M
Operating cash flow minus SBC	$643.8M
Operating income	$678M
Revenue	$3.8B
Stock-based compensation	$155.3M

Financial strength

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

Metric	Value
Altman Z-Score	4.13
Book value per share	$21.92
Debt / EBITDA	1.58
Debt / equity	0.29
Debt / FCF	1.89
Goodwill	$4.8B
Interest coverage	8.5
Long-term assets	$7.2B
Long-term liabilities	$2B
Net cash (debt)	$-1.2B
Net cash / market cap	-8.31%
Net debt / EBITDA	1.41
Net debt / equity	0.24
Net debt / FCF	1.61
Piotroski F-Score	6
Property, plant and equipment	$183.2M
Shareholders' equity	$5.1B
Tangible book value	$-566.2M
Tangible book value per share	$-2.43
Total assets	$8.5B
Total cash	$214.4M
Total debt	$1.5B
Total liabilities	$3.4B
WACC	10.99%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.43
Current assets	$1.3B
Current liabilities	$1.4B
Current ratio	0.95
Inventory turnover	5.85
Net working capital	$-263.3M
Quick ratio	0.58
Working capital	$-65.3M
Working capital turnover	-49.51

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	3.87%
Dividend yield	0%
Shareholder yield	3.87%

Performance and technicals

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

Metric	Value
10Y price change	128.02%
10Y return CAGR	8.59%
10Y total return	128.02%
150-day SMA	$58.48
15Y price change	208.08%
15Y return CAGR	7.79%
15Y total return	208.08%
1D price change	1.82%
1M price change	9.73%
1M total return	9.73%
1W price change	2.19%
1W total return	2.19%
1Y price change	-21.75%
1Y return CAGR	-21.76%
1Y total return	-21.75%
20-day SMA	$60.80
200-day SMA	$60.97
20Y price change	432.1%
20Y return CAGR	8.72%
20Y total return	432.1%
3M price change	13.83%
3M total return	13.83%
3Y price change	37.76%
3Y return CAGR	11.27%
3Y total return	37.76%
50-day SMA	$59.59
50-day SMA vs 200-day SMA	50under200
52-week high	$84.42
52-week high date	2025-12-05
52-week low	$47.92
52-week low date	2026-06-18
5Y price change	-25.95%
5Y return CAGR	-5.83%
5Y total return	-25.95%
6M price change	-5.49%
6M total return	-5.49%
All-time high	$96.49
All-time high date	2021-08-30
All-time low	$0.96
All-time low date	1990-09-07
Average true range (ATR)	$1.61
Average volume	1.8M
Beta (1Y)	0.7
Beta (2Y)	1.22
Beta (5Y)	1.34
Change from 52-week high	-23.82%
Change from 52-week low	34.2%
Change from all-time high	-34.21%
Change from all-time low	6,524.23%
Change from open	2.44%
Day's gap	-0.6%
Dollar volume	$98M
High price	$64.42
Low price	$62.76
Monthly RSI	48.77
Open price	$62.78
Position in 52-week range	93.37%
Premarket change	-1.03%
Premarket close	$63.16
Premarket price	$62.51
Previous close	$63.16
Price vs 150-day SMA	8.56%
Price vs 20-day SMA	4.41%
Price vs 200-day SMA	4.12%
Price vs 50-day SMA	6.53%
Relative volume	0.82
RSI	64.09
Sharpe ratio	-0.73
Sharpe ratio (3Y)	0.32
Sharpe ratio (5Y)	-0.14
Sortino ratio	-0.81
Sortino ratio (3Y)	0.64
Sortino ratio (5Y)	-0.03
Volume	1.5M
Weekly RSI	56.48
YTD price change	-18.98%
YTD total return	-18.98%

Ownership and float

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

Metric	Value
Float	232M
Float percentage	99.47%
Shares change (QoQ)	-1.65%
Shares change (YoY)	-3.87%
Shares held by insiders	0.44%
Shares held by institutions	101.33%
Shares outstanding	233.2M
Short % of float	4.09%
Short % of shares	4.07%
Short ratio	2.8 days

Deeper analysis on TRMB

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 TRMB report

What is the latest published TRMB stock rating?

Trimble Inc. is shown with Sell in the latest published report, analyzed 2026-09-20. 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 TRMB analysis?

The full latest published report, analyzed 2026-09-20, lives at /stocks/TRMB/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 TRMB?

The latest published report analyzed 2026-09-20 gives TRMB a fair value of USD 28 and a potential value of USD 39. 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 TRMB page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellTRMB · Fair value $28.3-50.9%

Read full analysis →

Trimble Inc. (TRMB)

Our latest published analysis: TRMB rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · TRMB

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All TRMB 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 TRMB

Frequently asked questions

Lịch sử xếp hạng

Category	Score	Reading
Valuation	1.5
Management	7.5
Balance Sheet	5.0
Profitability	1.5
Revenue Growth	6.0
Risk Assessment	6.0
Competitive Moat	7.0
Earnings Quality	7.5
Capital Efficiency	3.5