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AGCO Corporation (AGCO) Fair Value & Analysis

Industrials · US · Market cap $8.3B

AC AGCO Corporation logo AGCO Corporation AGCO · US
Price$101.63
Fair Value$150.59
Upside+48.2%
Quality53/100
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Mixed Growth
Thin margins · 7.4% net margin
Moderate debt · generates free cash flow
1.02% dividend yield
Ranks above peers (10/15)
Moderate moat 48/100
Evidence: High Range $92.08 – $213.21 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 16, 2026, revised from $149.15 to $150.59 (+1.0%) since Jul 14, 2026. Share price −10.7% over the past month.

A solid business, screening 48% undervalued on our models.

What matters now

  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($92.08 to $213.21) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$140.13 $74.81 Fair Value $150.59 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range $74.81 – $140.13 · fair‑value band $92.08 – $213.21 · the $101.63 price screens below the $150.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

AGCO Corporation (AGCO) currently trades at $101.63, while our model-based Fair Value estimate is $150.59, implying the stock looks roughly 48.2% undervalued today. We read business quality at 53/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, AGCO Corporation generated revenue of $10.4B at a net margin of 7.4%. Revenue grew 14.3% year over year. It earns a return on equity of 17.5%. Net debt stands at $1.8B. Fundamentals as of Jul 16, 2026

Our scenario range runs from $92.08 (bear case) to $213.21 (bull case); at $101.63, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. 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 29% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at 48%, AGCO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $90.79 $139.82 $206.65 80
Residual Income $63.92 $86.81 $301.76 76
Rev-Margin DCF $72.62 $123.24 $181.03 74
All 26 models by family
DCF Models
FCF DCF $89.08 $144.42 $224.61 38
Owner Earnings $98.82 $159.10 $246.43 31
5Y Revenue Exit $72.62 $122.52 $185.20 39
5Y EBITDA Exit $97.49 $168.66 $250.78 41
5Y P/E Exit $104.42 $181.54 $261.64 38
10Y Revenue Exit $75.22 $121.35 $181.48 36
10Y EBITDA Exit $93.21 $152.54 $230.05 37
10Y P/E Exit $97.52 $161.24 $238.09 35
Earnings-Based
Graham-Dodd $68.23 $204.25 $270.58 54
Lynch FV $43.26 $61.81 $80.35 50
PEG = 1.0 $43.26 $61.81 $80.35 46
EPV $58.77 $71.23 $81.99 59
Dividend Discount
Gordon GGM $10.49 $20.91 $31.66 70
DDM Multi-Stage $10.49 $16.76 $22.07 61
Multiples
P/E Multiple $150.50 $200.67 $250.83 63
P/S Multiple $127.93 $170.57 $213.21 58
P/B Multiple $127.93 $170.57 $213.21 55
EV/EBIT $110.09 $153.51 $196.93 53
EV/EBITDA $118.01 $164.08 $210.14 54
EV/Revenue $67.63 $105.26 $142.89 43
Asset-Based
NCAV (Graham) $29.51 $39.54 $59.02 50
Growth DCF
Growth DCF $90.79 $139.82 $206.65 80
Rev-Margin DCF $72.62 $123.24 $181.03 74
Economic Profit
Residual Income $63.92 $86.81 $301.76 76
ROIC Compounder $58.77 $77.29 $100.27 72
Growth Earnings
Growth-Adj P/E $123.42 $176.31 $229.21 68

Widest divergence: Growth Earnings ($176.31) versus Dividend Discount ($16.76). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $10.4B
Revenue growth (YoY) +14.3%
Net margin 7.4%
Return on equity 17.5%
Free cash flow $740M FY2025
P/E ratio 11.1
More key figures
Operating margin 3.9%
EPS (TTM) $10.38
Dividend yield 1.0%
EPS growth (YoY) +442%
Net debt $1.8B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 60 · Market factors (momentum, volatility) 34

Profitability 49
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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 …

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$10.1B
Latest YoY
−13.5%
Avg. growth/yr (3Y)
−7.3%
Avg. growth/yr (5Y)
+2.0%
Avg. growth/yr (33Y)
+11.1%
Revenue −2.5%/yr
FY21 $11.1B
FY22 $12.7B
FY23 $14.4B
FY24 $11.7B
FY25 $10.1B
Net income −5.1%/yr
FY21 $897M
FY22 $890M
FY23 $1.2B
FY24 −$425M
FY25 $727M

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Cite: Fair Value Calculator (2026). "AGCO Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AGCO

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Farm & Heavy Construction Machinery · 146 stocks

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.

Quality Score 53 · Above median
Fair Value upside +48% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth 14% · Above median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.54× · Higher than 75% of peers

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 11.1× · Cheaper than 75% of peers
P/B 1.95× · Pricier than median
P/S (TTM) 0.80× · Cheaper than median
P/FCF 11.2× · Pricier than median
EV/EBITDA 9.3× · Cheaper than median
PEG 1.13× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 98 · sector 22
FUTURE 72 · sector 30
PAST 70 · sector 33
HEALTH 73 · sector 93
DIVIDEND 20 · sector 37

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
AB Volvo (publ), VOLVA kr 336.60 kr 288.08 -14%
PACCAR Inc PCAR $126.20 $94.80 -25%
Epiroc AB EPIA kr 251.90 kr 144.14 -43%
Exor N.V EXO €69.40 €219.41 +216%
Sany Heavy Industry Co 600031 ¥18.65 ¥20.84 +12%
XCMG Construction Machinery Co 000425 ¥8.39 ¥11.79 +41%
Sinotruk (Hong Kong) Limited 3808 HK$41.00 HK$53.51 +31%
Yutong Bus Co 600066 ¥32.29 ¥42.00 +30%

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Frequently asked questions

Is AGCO Corporation (AGCO) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $150.59 versus a price of $101.63, about +48% (undervalued).
What is the fair value of AGCO?
Our model-based fair value for AGCO Corporation is $150.59 (as of Jul 16, 2026), built from audited fundamentals. The current price is $101.63.
What is the quality score of AGCO?
AGCO Corporation has a Quality Score of 53/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of AGCO Corporation (AGCO)?
AGCO Corporation reported trailing-twelve-month revenue of about $10.4B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of AGCO?
The net profit margin of AGCO Corporation is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.
Does AGCO Corporation pay a dividend?
AGCO Corporation currently shows a dividend yield of about 0.97% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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