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Data-driven stock valuation

CECO Environmental Corp. (CECO) fair value: what the stock is really worth

We calculate from audited financials what CECO Environmental Corp. 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, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Industrials · US · Market cap $4.9B · ISIN US1251411013

At a glance

CE CECO Environmental Corp. logo CECO Environmental Corp. CECO · US
Price$78.30
Fair Value$15.19
Upside−80.6% ⚠
Quality48/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Below-average quality, and trading another 415% above our fair value of $15.19.

As of Aug 17, 2026, the fair value of CECO Environmental Corp. is $15.19 per share against a price of $78.30, so the fair value sits 81% below the price. A model estimate from reported figures, not an analyst target.

!Expensive Growth (revenue 5y +19.6 %/yr)
!Thin margins · 1.7% net margin
!Moderate debt · negative free cash flow
!Trails peers (4/13)
!Narrow moat 36/100
!Weak on past: 22 out of 100
Evidence: High Range $6.11 to $20.23

Fair value as of: Aug 17, 2026

From 17 valuation models · updated 24 days ago

Share price +11.3% over the past month.

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($20.23). The favourable scenario is already priced in.
  • The model range is unusually wide ($6.11 to $20.23). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

$99.67 $4.25 Fair Value $15.19 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range $4.25 – $99.67 · fair‑value band $6.11 – $20.23 · the $78.30 price screens above the $15.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 17, 2026.

Full chart & analysis →

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Analysis

CECO Environmental Corp. (CECO) currently trades at $78.30, while our model-based Fair Value estimate is $15.19, implying the stock looks roughly 415.5% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of $28.98 per share, and 0 of the 17 models we run sit above the $78.30 price. Bear case: the Economic Profit group reads lowest at $1.62, and 17 of the 17 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, CECO Environmental Corp. generated revenue of $804M at a net margin of 1.7%. Revenue grew 16.5% year over year. It earns a return on equity of 5.4%. The balance sheet holds a net cash position of $8.3M. Fundamentals as of Aug 17, 2026

Scenario range: $6.11 (bear) to $20.23 (bull), the price of $78.30 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 15% below its 52-week high and 202% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −81%, CECO screens richer than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($0.2634 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely ($0.1700 to $36.99). Read the values as a conservative anchor, not as a price target.
Model 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
Highest evidence
EPV $0.9900 $1.62 $2.17 72
Owner Earnings $12.31 $28.98 $61.06 71
ROIC Compounder $0.9900 $1.62 $2.17 71
All 17 models by family
DCF Models
Owner Earnings $12.31 $28.98 $61.06 71
Earnings-Based
Graham-Dodd $5.83 $36.99 $51.69 63
Lynch FV $10.69 $15.27 $19.85 61
PEG = 1.0 $10.69 $15.27 $19.85 57
EPV $0.9900 $1.62 $2.17 72
Dividend Discount
Gordon GGM $0.1000 $0.2000 $0.3000 67
DDM Multi-Stage $0.1000 $0.1700 $0.2100 67
Multiples
P/E Multiple $13.50 $18.00 $22.50 63
P/S Multiple $10.93 $14.57 $18.21 58
P/B Multiple $10.93 $14.57 $18.21 55
EV/EBIT $8.25 $12.01 $15.78 65
EV/EBITDA $9.75 $14.01 $18.27 67
EV/Revenue $5.02 $8.47 $11.93 52
Asset-Based
NCAV (Graham) $2.72 $3.64 $5.44 54
Economic Profit
Residual Income $5.49 $7.65 $27.69 64
ROIC Compounder $0.9900 $1.62 $2.17 71
Growth Earnings
Growth-Adj P/E $15.17 $21.68 $28.18 67

Widest divergence: DCF Models ($28.98) versus Dividend Discount ($0.1700). Highest evidence: EPV (72).

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Key figures & financial health

P/E ratio 206.1
P/S ratio 13.3 P/E × margin
EPS (TTM) $0.3800 price ÷ EPS = P/E 206.1
Dividend yield 0.0% payout 4.8%
Net margin 6.5% FY2025
Return on equity 5.4% TTM
More key figures
Profitability
Return on assets (EBIT) 4.6% avg 5y
Operating margin 5.9% TTM
Growth
Revenue (TTM) $804M TTM
Revenue growth (YoY) +16.5% 3y avg +22.4%
EPS growth (YoY) −41.5%
Balance sheet & cash flow
Free cash flow −$5.5M FY2025
Net cash $8.3M FY2025

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 58

Profitability 51
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 13
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 61
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions in the United States, the United Kingdom, the Netherlands, China, and internationally. It operates through Engineered Systems and Industrial Process Solutions segments.

Full company description

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions in the United States, the United Kingdom, the Netherlands, China, and internationally. It operates through Engineered Systems and Industrial Process Solutions segments. The company offers emissions management, fluid bed cyclones, thermal acoustics, and separation and filtration solutions; engineering services and environmental systems; and industrial exhaust air contamination treatment and control systems, solutions, and services, as well as intelligent control solutions. It also provides engineered and configured products and solutions, including dampers and diverters, expansion joints, selective catalytic reduction systems, severe-service and industrial cyclones, dust collectors, thermal oxidizers, filtration systems, wet and dry scrubbers, separators and coalescers, water treatment packages, metallic and non-metallic pumps, industrial silencers, and fluid handling equipment, as well as plant engineering services and engineered design build fabrication services. In addition, the company offers solutions for air pollution and contamination control, fluid handling, and process filtration in various applications, such as aluminum beverage can production, automobile production, food and beverage processing, semiconductor fabrication, electronics production, steel and aluminum mill processing, wood manufacturing, desalination, and aquaculture markets, as well as it provides engineered industrial process heating solutions for process industries. It markets its power generation, hydrocarbon processing, water/wastewater treatment, oily water separation and treatment, marine and naval vessels, and midstream oil and gas sectors. CECO Environmental Corp. was founded in 1869 and is headquartered in Addison, Texas.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CECO Environmental Corp. reported revenue of $774M in FY2025 versus $324M in FY2021, a compound +24.3%/yr. Reported net income was $50.1M in FY2025, compounding +143.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$774M
Latest YoY
+38.8%
Avg. revenue growth/yr (3Y) ⓘ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.
+22.4%
Avg. revenue growth/yr (5Y) ⓘ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.
+19.6%
Avg. revenue growth/yr (36Y) ⓘ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.
+21.5%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +42.7%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+42.7%
Dividend yield0.0%
Trend ⓘ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.5Y 42.7% vs 10Y 10.6%, picking up
Operating margin (EBIT) ⓘ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.4.2% (2020) → 6.7% (2025) · rising
Worst earnings drop335% (2009) (loss year, drop beyond 100%) · in USD
⚠ Final year 2025 sits 274% above trend (one-off), rate approximate
Revenue +24.3%/yr
FY21 $324M
FY22 $423M
FY23 $545M
FY24 $558M
FY25 $774M
Net income +143.4%/yr
FY21 $1.4M
FY22 $17.4M
FY23 $12.9M
FY24 $13.0M
FY25 $50.1M

CECO screens 415% overvalued. Compare with Veralto Corporation →

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CECO Environmental Corp. · Fair Value
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Cite: Fair Value Calculator (2026). "CECO Environmental Corp. Fair Value". https://www.fairvalue-calculator.com/stock/CECO

Earlier news

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

Peer Group

Pollution & Treatment Controls · 93 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.

Valuation
Quality Score 48 · Below median
Fair Value upside −80% · Bottom 25%
Profitability
Return on equity (TTM) 5% · Above median
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 6% · Above median
Growth and dividend
Revenue growth 17% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.66× · Highest 25%

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/E (TTM) 206.1× · Priciest 25%
P/B 15.38× · Priciest 25%
P/S (TTM) 6.08× · Priciest 25%
EV/EBITDA 58.8× · Priciest 25%

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE83 · sector 8
PAST22 · sector 17
HEALTH67 · sector 95
DIVIDEND0 · sector 42

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $97.68 $67.62 −31%
Zurn Elkay Water Solutions Corporation ZWS $47.33 $24.92 −47%
Canmax Technologies Co 300390 ¥61.99 ¥10.07 −84%
Fujian Longking Co 600388 ¥17.41 ¥15.59 −10%
Munters Group MTRS kr 159.00 kr 48.58 −69%
China Conch Venture Holdings 0586 HK$8.50 HK$10.70 +26%
Mega Union Technology Inc 6944 716.00 TWD 415.06 TWD −42%
MayAir Technology (China) Co 688376 ¥62.35 ¥18.80 −70%
Jingjin Equipment Inc 603279 ¥12.41 ¥18.97 +53%
Zhongyuan Environmental Protection Co 000544 ¥7.33 ¥13.38 +83%

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Frequently asked questions

Is CECO Environmental Corp. (CECO) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of $15.19 versus a price of $78.30, about −81% upside (overvalued).
What is the fair value of CECO?
Our model-based fair value for CECO Environmental Corp. is $15.19 (as of Aug 17, 2026), built from audited fundamentals. The current price: $78.30.
What is the quality score of CECO?
CECO Environmental Corp. has a Quality Score of 48/100. 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 CECO Environmental Corp. (CECO)?
Our model-based price target is the fair value of $15.19 (as of Aug 17, 2026) from 17 valuation models. Cautious scenario $6.11, optimistic scenario $20.23. It is a calculation from audited fundamentals, not an analyst target.
What is the CECO Environmental Corp. stock forecast for 2026?
Our models put fair value at $15.19, about −81% upside versus a price of $78.30 (overvalued). Cautious scenario $6.11, optimistic scenario $20.23. The calculation is refreshed regularly with new filings.
What is the revenue of CECO Environmental Corp. (CECO)?
CECO Environmental Corp. reported trailing-twelve-month revenue of about $804M (latest available figure, as of Aug 17, 2026).
What is the net profit margin of CECO?
The net profit margin of CECO Environmental Corp. is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.
Does CECO Environmental Corp. pay a dividend?
CECO Environmental Corp. currently shows a dividend yield of about 0.02% relative to its recent price (as of Aug 17, 2026).
What is the intrinsic value of CECO Environmental Corp. (CECO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CECO Environmental Corp. it is $15.19 per share (as of Aug 17, 2026), against a price of $78.30. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is CECO Environmental Corp. stock overvalued or undervalued in 2026?
As of Aug 17, 2026, CECO trades above its calculated fair value: price $78.30, fair value $15.19, a gap of about −81% (overvalued). 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 CECO?
No. The price is what the market pays today ($78.30); the fair value is what the company's own numbers justify ($15.19). For CECO Environmental Corp. the two are $63.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is CECO Environmental Corp. worth?
The market values CECO Environmental Corp. at about $4.9B (market capitalisation, as of Aug 17, 2026). Per share that is $78.30; our models calculate a fair value of $15.19 per share.
What do the bullish and bearish scenarios say about CECO?
Our models span a range for CECO Environmental Corp.: cautious scenario $6.11, base $15.19, optimistic $20.23 per share (as of Aug 17, 2026, price $78.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CECO?
CECO Environmental Corp. trades at a price-to-earnings ratio of 206.1 (as of Aug 17, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $15.19 is built from several models across several years. Other multiples: PEG 1.4, P/B 15.4, P/S 6.1, EV/EBITDA 58.8.
What is the PEG ratio of CECO?
The PEG ratio of CECO Environmental Corp. is 1.44 (P/E divided by earnings growth, as of Aug 17, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of CECO Environmental Corp. (CECO)?
Balance-sheet figures for CECO Environmental Corp. (as of Aug 17, 2026): return on equity 5.4%, debt of 0.66 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is CECO from its 52-week high?
CECO Environmental Corp. trades at $78.30, about 15% below its 52-week high of $92.00 and 202% above the low of $25.96 (as of Aug 17, 2026). Distance from the high says nothing about value: that is what the fair value of $15.19 is for.
Which stocks are comparable to CECO Environmental Corp.?
From the same area (Industrials) we also value Veralto Corporation, Zurn Elkay Water Solutions Corporation, Canmax Technologies Co, Fujian Longking Co, 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 CECO Environmental Corp. stock attractive at the current price?
The data as of Aug 17, 2026: price $78.30, calculated fair value $15.19 (−81%), Quality Score 48/100, from 17 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 CECO calculated?
We run CECO Environmental Corp. through 17 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 $15.19, with the spread shown as a cautious and an optimistic scenario.
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