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Teledyne Technologies Inc

Exchange: NYSESector: TechnologyIndustry: Scientific & Technical Instruments

Teledyne FLIR Defense has been providing advanced, mission-critical technology and systems for more than 45 years. Our products are on the frontlines of the world’s most pressing military, security and public safety challenges. As a global leader in thermal imaging, we design and build sophisticated surveillance sensors for air, land and maritime use. We develop the most rugged, trusted unmanned air and ground platforms, as well as intelligent sensing devices used to detect chemicals, biological agents, radiation and explosives. At Teledyne FLIR Defense we bring together this expertise to deliver solutions that enable critical decisions and keep our world safe – from any threat, anywhere. To learn more, visit us online or follow @flir and @flir_defense. About Teledyne Technologies Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe.

Did you know?

Earnings per share grew at a 14.3% CAGR.

Current Price

$648.68

-0.47%

GoodMoat Value

$521.50

19.6% overvalued
Profile
Valuation (TTM)
Market Cap$30.04B
P/E32.19
EV$31.41B
P/B2.86
Shares Out46.31M
P/Sales4.82
Revenue$6.23B
EV/EBITDA20.90

Teledyne Technologies Inc (TDY) Valuation

GoodMoat Analysis

Based on data as of March 26, 2026

From a value investing perspective, Teledyne Technologies appears unfavourably priced. The current stock price of $618.34 is 18.6% above the GoodMoat Target of $521.50, indicating a negative margin of safety. Its P/E multiple of 32.8x is high relative to its modest 7.3% revenue growth.

Read full analysis
The valuation assessment reveals a significant hurdle for a value investor. The primary DCF-based GoodMoat Target of $521.50 suggests the stock's intrinsic value is materially lower than its current price of $618.34. This results in a negative margin of safety of approximately -18.6%, which falls into the 'Unfavourable' band per the framework's classification (Margin of Safety <10%). The forward P/E of 32.8x must be contextualized against the company's growth; a multiple in the low 30s is difficult to justify for a company with 7.3% YoY revenue growth, implying a very high PEG ratio well above 1.0. While the P/E of 32.8x may not be extreme in absolute terms for a high-quality industrial technology firm, it is priced for perfection and offers no discount. The free cash flow yield of 3.7% (implying a P/FCF of ~27x) further supports the view that the valuation is full. For a value investor seeking a margin of safety, the stock does not meet the critical valuation gate where a Margin of Safety of at least 20% is considered favourable. Analysis based on data as of 2024-05-15.

TDY Fair Value Estimate

$521.5019.6% overvalued

Blended fair value estimate based on DCF, Graham Number, and earnings-based models.

TDY Valuation Metrics

FCF$1.07B
FCF Growth Rate18.21%
EPS Growth (CAGR)14.25%
WACC10.00%

TDY Valuation & Fair Value Analysis

Teledyne Technologies Inc (TDY) valuation analysis using multiple fair value methodologies. GoodMoat calculates a blended fair value target using discounted cash flow (DCF) analysis, the Graham Number, and earnings-based valuation models.

The GoodMoat Fair Value target for Teledyne Technologies Inc is $521.50. The current stock price is $648.68, suggesting the stock is 24.4% overvalued.

The price-to-earnings (P/E) ratio is 32.19. Price-to-book ratio is 2.86. Price-to-sales ratio is 4.82. Enterprise value to EBITDA is 20.90. PEG ratio is 1.49.

GoodMoat's valuation models include the Graham Number (based on EPS and book value), an earnings-based model (discounted future EPS), and a PEG-adjusted valuation. The three models are averaged to produce a blended fair value estimate. Use these tools alongside the DCF calculator and reverse DCF to form a comprehensive view of Teledyne Technologies Inc's intrinsic value.