Middleby Corp (MIDD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Middleby Corp stock $156, price $137, upside +14.6%, quality 62 out of 100. Rating: undervalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
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Middleby Corp
MIDD · USThe stock costs 13% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $102.69 – $199.65 · fair‑value band $101.29 – $206.26 · the $136.50 price screens below the $156.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
The Middleby Corporation designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide.
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Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers and refrigerators, stainless steel fabrication, custom millwork, blast chillers, coldrooms, ice machines, and frozen dessert equipment; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispenser, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.
The Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, spiral, serpentine, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, suspension, filling and depositing solution, and forming equipment; and automated loading and unloading and washing systems, auto guided vehicles, food safety, handling, cooling freezing, and defrosting and packaging equipment.
The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.
Stock analysis
Middleby Corp (MIDD) currently trades at $136.50, while our model-based Fair Value estimate is $156.38, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $194.94 per share, and 9 of the 12 models we run sit above the $136.50 price.
Bear case: the Earnings-Based group reads lowest at $57.75, and 3 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: $101.29 (bear) to $206.26 (bull), the price of $136.50 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Middleby Corp reported revenue of $3.2B in FY2025 versus $3.3B in FY2021, a compound −0.4%/yr. Reported net income was −$278M in FY2025.
Key figures
Market cap $6.2B Mid · P/E ratio 29.7 · P/S ratio 1.84 · EPS (TTM) $4.60 · Net margin −8.7% · Return on equity 13.5% · Return on assets (EBIT) 9.3% (5-year average) · Operating margin 19.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 21% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 15%, MIDD screens cheaper than that median.
Fair Value models
All 12 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, no officer or director bought or sold shares on the open market.
- BuyEdward P GardenDirector102,903 shares at $145.73$15.0MDec 15, 2025
- BuyRobert A NerbonneDirector780 shares at $128.52$100,246Dec 9, 2025
Plus 15 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
Watch MIDD, get fair value alerts →
Earlier news
- Earnings Preview: Middleby (MIDD) Q3 Earnings Expected to Decline
- The Middleby (MIDD) Faces Margin Concerns Despite Strong Sales and Higher Guidance, Ariel Appreciation Fund Says
- Middleby Schedules Third Quarter Earnings Release and Conference Call
- Commercial Foodservice Recovery Drives The Middleby Corporation (MIDD) Higher
Compare Middleby Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 813 stocks
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Cummins Inc CMI | $450.07 | $359.36 | −20% | vs MIDD |
| SIE SIE | €263.65 | €149.56 | −43% | vs MIDD |
| AMETEK, Inc AME | $228.67 | $125.74 | −45% | vs MIDD |
| Illinois Tool Works Inc ITW | $280.95 | $154.30 | −45% | vs MIDD |
| Sandvik AB SAND | kr 357.40 | kr 194.33 | −46% | vs MIDD |
| Parker-Hannifin Corporation PH | $917.79 | $492.92 | −46% | vs MIDD |
| Rockwell Automation, Inc ROK | $375.86 | $186.75 | −50% | vs MIDD |
| Emerson Electric Co EMR | $162.35 | $79.99 | −51% | vs MIDD |
| Eaton Corporation ETN | $341.72 | $156.90 | −54% | vs MIDD |
| GE Vernova Inc GEV | $774.11 | $143.50 | −81% | vs MIDD |
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Key figures of Middleby Corp
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