AGCO Corporation (AGCO) fair value: what the stock is really worth
We calculate from audited financials what AGCO Corporation is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 19, 2026.
How to read this chart
60‑month range $74.81 – $140.13 · fair‑value band $90.45 – $205.14 · the $119.90 price screens below the $147.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 19, 2026.
AGCO Corporation manufactures and distributes agricultural equipment and replacement parts worldwide.
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AGCO Corporation manufactures and distributes agricultural equipment and replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses. The company also provides grain storage bins and related drying and handling equipment systems; seed-processing systems; swine and poultry feed storage and delivery systems; ventilation and watering systems; and egg production systems and broiler production equipment. In addition, it offers round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in cattle, dairy, horse, and renewable fuel industries. Further, the company provides implements, including disc harrows leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators that prepare smooth seed bed and destroy weeds; drills for small grain seeding; planters and other planting equipment; and loaders. Additionally, it offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, including self-propelled, three- and four-wheeled vehicles, and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground, as well as produces diesel engines, gears, and generating sets. The company markets its products under the Fendt, Massey Ferguson, PTx, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.
Stock analysis
AGCO Corporation (AGCO) currently trades at $119.90, while our model-based Fair Value estimate is $147.78, implying the stock looks roughly 18.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $184.20 per share, and 17 of the 26 models we run sit above the $119.90 price.
Bear case: the Dividend Discount group reads lowest at $16.76, and 9 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $90.45 (bear) to $205.14 (bull), the price of $119.90 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.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
AGCO Corporation reported revenue of $10.1B in FY2025 versus $11.1B in FY2021, a compound −2.5%/yr. Reported net income was $727M in FY2025, compounding −5.1%/yr from FY2021.
Key figures
Market cap $8.9B · P/E ratio 11.6 · P/S ratio 0.83 · EPS (TTM) $10.38 · Dividend yield 1.0% · Net margin 7.2% · Return on equity 17.5% · Return on assets (EBIT) 10.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic.
The share trades about 16% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 4% fair-value upside, at 23%, AGCO screens cheaper than that median.
Fair Value models
Bear $90.45Fair Value $147.78Bull $205.14
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($6.67 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−13.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.0%
Revenue growth 33 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+13.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.5%
Dividend (yield on the price)1.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.12% vs 12%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 7%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.6%
Yearly sales growth analysts expect, extended to five years.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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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.Farm & Heavy Construction Machinery · 153 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+11% · Above median
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets4% · Above median
Net margin (TTM)7% · Above median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)1.0% · Below median
Balance sheet
Debt / equity0.54× · Highest 25%
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
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Cite: Fair Value Calculator (2026). "AGCO Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AGCO
Frequently asked questions
Is AGCO Corporation (AGCO) overvalued or undervalued?
As of Sep 19, 2026, our model estimates a fair value of $147.78 versus a price of $119.90, about +23% upside (undervalued).
What is the fair value of AGCO?
Our model-based fair value for AGCO Corporation is $147.78 (as of Sep 19, 2026), built from audited fundamentals. The current price: $119.90.
What is the quality score of AGCO?
AGCO Corporation has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AGCO Corporation (AGCO)?
Our model-based price target is the fair value of $147.78 (as of Sep 19, 2026) from 26 valuation models. Cautious scenario $90.45, optimistic scenario $205.14. It is a calculation from audited fundamentals, not an analyst target.
What is the AGCO Corporation stock forecast for 2026?
Our models put fair value at $147.78, about +23% upside versus a price of $119.90 (undervalued). Cautious scenario $90.45, optimistic scenario $205.14. The calculation is refreshed regularly with new filings.
What is the revenue of AGCO Corporation (AGCO)?
AGCO Corporation reported trailing-twelve-month revenue of about $10.4B (latest available figure, as of Sep 19, 2026).
Does AGCO Corporation pay a dividend?
AGCO Corporation currently shows a dividend yield of about 0.97% relative to its recent price (as of Sep 19, 2026).
What growth is priced into AGCO Corporation (AGCO)?
For today's price to be fair in a discounted-cash-flow model, AGCO Corporation would have to grow free cash flow by +3.7 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.0 % per year. As of Sep 19, 2026.
What discount rate (WACC) does the fair value of AGCO use?
Our models discount AGCO Corporation at 9.9 %: a base by market capitalisation (mid), damped by beta 1.07, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AGCO Corporation that is +3.7 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has AGCO Corporation (AGCO) delivered so far?
Over the past 5 years revenue at AGCO Corporation grew +2.0 % a year. The price currently implies +3.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AGCO Corporation (AGCO) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into AGCO Corporation (+3.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AGCO Corporation (AGCO)?
The free-cash-flow yield on the price is 8.29 %: that much free cash flow AGCO Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AGCO Corporation (AGCO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AGCO Corporation it is $147.78 per share (as of Sep 19, 2026), against a price of $119.90. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is AGCO Corporation stock overvalued or undervalued in 2026?
As of Sep 19, 2026, AGCO trades below its calculated fair value: price $119.90, fair value $147.78, a gap of about +23% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AGCO?
No. The price is what the market pays today ($119.90); the fair value is what the company's own numbers justify ($147.78). For AGCO Corporation the two are $27.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is AGCO Corporation worth?
The market values AGCO Corporation at about $8.9B (market capitalisation, as of Sep 19, 2026). Per share that is $119.90; our models calculate a fair value of $147.78 per share.
What do the bullish and bearish scenarios say about AGCO?
Our models span a range for AGCO Corporation: cautious scenario $90.45, base $147.78, optimistic $205.14 per share (as of Sep 19, 2026, price $119.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AGCO?
AGCO Corporation trades at a price-to-earnings ratio of 11.6 (as of Sep 19, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $147.78 is built from several models across several years. Other multiples: PEG 1.1, P/B 2.0, P/S 0.8, EV/EBITDA 9.3.
What is the PEG ratio of AGCO?
The PEG ratio of AGCO Corporation is 1.13 (P/E divided by earnings growth, as of Sep 19, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of AGCO Corporation (AGCO)?
Balance-sheet figures for AGCO Corporation (as of Sep 19, 2026): return on equity 17.5%, debt of 0.54 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is AGCO from its 52-week high?
AGCO Corporation trades at $119.90, about 16% below its 52-week high of $143.11 and 23% above the low of $97.62 (as of Sep 19, 2026). Distance from the high says nothing about value: that is what the fair value of $147.78 is for.
Which stocks are comparable to AGCO Corporation?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, AB Volvo (publ),, PACCAR Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AGCO Corporation stock attractive at the current price?
The data as of Sep 19, 2026: price $119.90, calculated fair value $147.78 (+23%), Quality Score 62/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AGCO calculated?
We run AGCO Corporation through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $147.78, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. AGCO Corporation currently trades 23 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AGCO Corporation (AGCO)?
The closing price on Sep 21, 2026 was $119.90. Our model-based fair value is $147.78, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AGCO Corporation right now?
Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($90.45 to $205.14) leaves room in how you read the outcome.
Where does the earnings growth of AGCO Corporation (AGCO) come from?
Earnings per share at AGCO Corporation grew +16.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.4 %, EBIT margin +6.4 %, tax rate +3.1 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of AGCO Corporation
How large is the market capitalisation of AGCO Corporation (AGCO)?
The market capitalisation of AGCO Corporation is $8.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AGCO Corporation (AGCO)?
The price-to-sales ratio of AGCO Corporation is 0.83 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AGCO Corporation (AGCO)?
Earnings per share at AGCO Corporation are $10.38 (price ÷ EPS = P/E 11.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AGCO Corporation (AGCO)?
The dividend yield of AGCO Corporation is 1.0% (payout 11.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AGCO Corporation (AGCO)?
The net margin of AGCO Corporation is 7.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AGCO Corporation (AGCO)?
The return on equity (ROE) of AGCO Corporation is 17.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AGCO Corporation (AGCO)?
On an EBIT basis the return on assets of AGCO Corporation is 10.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AGCO Corporation (AGCO)?
The operating margin of AGCO Corporation is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AGCO Corporation (AGCO)?
Revenue at AGCO Corporation is growing +14.3% versus a year earlier (3y avg −7.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AGCO Corporation (AGCO)?
Earnings per share at AGCO Corporation are growing +442% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AGCO Corporation (AGCO) carry?
The net debt of AGCO Corporation is $1.8B (fiscal year 2025, ≈ 2.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 19, 2026