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Data-driven stock valuation

Eaton Corporation PLC (ETN) fair value: what the stock is really worth

We calculate from audited financials what Eaton Corporation PLC 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 $158B · ISIN IE00B8KQN827

At a glance

EC Eaton Corporation PLC logo Eaton Corporation PLC ETN · US
Price$410.85
Fair Value$168.65
Upside−59.0%
Quality71/100

A solid business, but trading 144% above our fair value of $168.65.

As of Sep 7, 2026, the fair value of Eaton Corporation PLC is $168.65 per share against a price of $410.85, so the fair value sits 59% below the price. A model estimate from reported figures, not an analyst target.

✓Healthy Growth (revenue 5y +9.0 %/yr)
✓Solidly profitable · 14.0% net margin
✓Low debt · generates free cash flow
·1.03% dividend yield
!Mixed vs. peers (6/15)
✓Wide moat 73/100
!Weak on dividend: 21 out of 100
Evidence: High Range $104.82 to $233.77

Fair value as of: Sep 7, 2026

From 26 valuation models · updated today

Share price −8.1% 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

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case ($233.77). The favourable scenario is already priced in.
  • A fairly wide model range ($104.82 to $233.77) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$459.96 $117.82 Fair Value $168.65 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 7, 2026.

How to read this chart

60‑month range $117.82 – $459.96 · fair‑value band $104.82 – $233.77 · the $410.85 price screens above the $168.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 7, 2026.

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Analysis

Eaton Corporation PLC (ETN) currently trades at $410.85, while our model-based Fair Value estimate is $168.65, implying the stock looks roughly 143.6% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of $190.08 per share, and 0 of the 26 models we run sit above the $410.85 price. Bear case: the Asset-Based group reads lowest at $33.52, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Eaton Corporation PLC generated revenue of $28.5B at a net margin of 14.0%. Revenue grew 16.8% year over year. It earns a return on equity of 20.8%. Net debt stands at $10.5B. Fundamentals as of Sep 7, 2026

Scenario range: $104.82 (bear) to $233.77 (bull), the price of $410.85 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 5% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −59%, ETN screens richer than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($4.11 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 →

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
FCF DCF $106.94 $172.99 $271.46 79
Growth DCF $109.68 $169.12 $252.88 78
Owner Earnings $98.47 $160.16 $252.10 75
All 26 models by family
DCF Models
FCF DCF $106.94 $172.99 $271.46 79
Owner Earnings $98.47 $160.16 $252.10 75
5Y Revenue Exit $78.83 $129.46 $192.47 72
5Y EBITDA Exit $113.81 $193.75 $285.29 74
5Y P/E Exit $119.13 $203.53 $290.38 70
10Y Revenue Exit $85.28 $133.42 $195.00 66
10Y EBITDA Exit $110.08 $177.64 $264.72 68
10Y P/E Exit $113.45 $184.36 $268.54 63
Earnings-Based
Graham-Dodd $71.61 $203.66 $268.32 65
Lynch FV $41.57 $59.39 $77.21 61
PEG = 1.0 $41.57 $59.39 $77.21 57
EPV $86.70 $104.64 $120.34 74
Dividend Discount
Gordon GGM $38.45 $79.94 $126.82 66
DDM Multi-Stage $38.45 $61.18 $83.90 66
Multiples
P/E Multiple $165.86 $221.14 $276.43 63
P/S Multiple $106.03 $141.38 $176.72 58
P/B Multiple $134.26 $179.02 $223.77 55
EV/EBIT $150.74 $207.98 $265.21 66
EV/EBITDA $135.60 $187.79 $239.98 67
EV/Revenue $68.11 $106.28 $144.46 53
Asset-Based
NCAV (Graham) $25.01 $33.52 $50.03 54
Growth DCF
Growth DCF $109.68 $169.12 $252.88 78
Rev-Margin DCF $78.83 $130.60 $189.04 72
Economic Profit
Residual Income $67.83 $88.05 $328.86 64
ROIC Compounder $92.66 $122.04 $156.56 72
Growth Earnings
Growth-Adj P/E $133.05 $190.08 $247.10 67

Widest divergence: Growth Earnings ($190.08) versus Asset-Based ($33.52). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 40.2
P/S ratio 5.99 P/E × margin
EPS (TTM) $10.21 price ÷ EPS = P/E 40.2
Dividend yield 1.0% payout 41.3%
Net margin 14.9% FY2025
Return on equity 20.8% TTM
More key figures
Profitability
Return on assets (EBIT) 10.6% avg 5y
Operating margin 16.1% TTM
Growth
Revenue (TTM) $28.5B TTM
Revenue growth (YoY) +16.8% 3y avg +9.8%
EPS growth (YoY) −9.4%
Balance sheet & cash flow
Free cash flow $4.5B FY2025
Net debt $10.5B FY2025 · ≈ 2.4 yrs of FCF

Figures from reported company fundamentals · as of Sep 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 68 · Market factors (momentum, volatility) 58

Profitability 59
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 96
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

Eaton Corporation plc operates as a power management company in the United States, Canada, Latin America, Europe, and the Asia Pacific. The company operates through Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility segments.

Full company description

Eaton Corporation plc operates as a power management company in the United States, Canada, Latin America, Europe, and the Asia Pacific. The company operates through Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility segments. It offers electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, and power reliability equipment; and hazardous duty electrical equipment, emergency lighting, fire detection, intrinsically safe explosion-proof instrumentation, and structural support systems. It also provides pumps, motors, hydraulic power units, hoses and fittings, and electro-hydraulic pumps; valves, cylinders, electronic controls, electromechanical actuators, sensors, aircraft flap and slat systems, and nose wheel steering systems; hose, thermoplastic tubing products, fittings, adapters, couplings, and sealing and ducting products; air-to-air refueling systems, fuel pumps, fuel inerting products, sensors, and adapters and regulators; oxygen generation system, payload carriages, and thermal management products; wiring connectors and cables; hydraulic and bag filters, strainers and cartridges, and golf grips for manufacturers of commercial and military aircraft, and related after-market customers, as well as industrial applications. In addition, the company offers transmissions, clutches, hybrid power systems, superchargers, engine valves and valve actuation systems, locking and limited slip differentials, transmission controls, and fuel vapor components for the vehicle industry; voltage inverters, converters, fuses, circuit protection units, vehicle controls, power distribution systems, fuel tank isolation valves, and commercial vehicle hybrid systems. The company formerly known as Abeiron Limited. The company was founded in 1911 and is based in Dublin, Ireland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eaton Corporation PLC reported revenue of $27.4B in FY2025 versus $19.6B in FY2021, a compound +8.7%/yr. Reported net income was $4.1B in FY2025, compounding +17.5%/yr from FY2021.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$27.4B
Latest YoY
+10.3%
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.
+9.8%
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.
+9.0%
Avg. revenue growth/yr (40Y) ⓘ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.
+5.2%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
+19.0%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+18.0%
Dividend yield1.0%
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 14.8% vs 10Y 9.6%, 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.13.0% (2020) → 19.1% (2025) · rising
Worst earnings drop66% (2009) · in USD
Revenue +8.7%/yr
FY21 $19.6B
FY22 $20.8B
FY23 $23.2B
FY24 $24.9B
FY25 $27.4B
Net income +17.5%/yr
FY21 $2.1B
FY22 $2.5B
FY23 $3.2B
FY24 $3.8B
FY25 $4.1B
Character of growth · EPS growth decomposed (2014-2025) +9.7 % p.a.
Revenue per share +3.9 %

of which total revenue +2.0 % · buybacks/dilution +1.8 %

EBIT margin +4.9 %
Tax rate −1.4 %
Residual (interest, one-offs) +2.1 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

ETN screens 144% overvalued. Compare with GE Vernova Inc →

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Eaton Corporation PLC · Fair Value
$168.65 −144%Fair Value
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Cite: Fair Value Calculator (2026). "Eaton Corporation PLC Fair Value". https://www.fairvalue-calculator.com/stock/ETN

Recent news

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

Peer Group

Specialty Industrial Machinery · 792 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 71 · Top 25%
Fair Value upside −59% · Below median
Profitability
Return on equity (TTM) 21% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 16% · Top 25%
Growth and dividend
Revenue growth 17% · Above median
Dividend yield (TTM) 1.0% · Below median
Balance sheet
Debt / equity 0.45× · Highest 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 40.2× · Pricier than median
P/B 8.14× · Priciest 25%
P/S (TTM) 5.55× · Priciest 25%
P/FCF 35.4× · Priciest 25%
EV/EBITDA 26.2× · Pricier than median
PEG 3.07× · Priciest 25%

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Eaton Corporation PLC deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+16.3 % per year
Achieved revenue growth, 5 years+9.0 % p.a.
Sector median revenue growth+4.6 %
FCF yield on price2.79 %
Discount rate (WACC) in the models9.7 %

The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →

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
FUTURE84 · sector 21
PAST83 · sector 28
HEALTH77 · sector 96
DIVIDEND21 · sector 27

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

Insider activity: 40/100

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

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Sep 7, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $941.84 $131.95 −86%
SIE SIE €272.65 €139.77 −49%
Parker-Hannifin Corporation PH $995.02 $398.69 −60%
Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $564.40 $348.94 −38%
Illinois Tool Works Inc ITW $270.12 $145.84 −46%
Emerson Electric Co EMR $152.82 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $417.53 $125.76 −70%
Sandvik AB SAND kr 384.40 kr 193.01 −50%

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Frequently asked questions

Is Eaton Corporation PLC (ETN) overvalued or undervalued?
As of Sep 7, 2026, our model estimates a fair value of $168.65 versus a price of $410.85, about −59% upside (overvalued).
What is the fair value of ETN?
Our model-based fair value for Eaton Corporation PLC is $168.65 (as of Sep 7, 2026), built from audited fundamentals. The current price: $410.85.
What is the quality score of ETN?
Eaton Corporation PLC has a Quality Score of 71/100. 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 Eaton Corporation PLC (ETN)?
Our model-based price target is the fair value of $168.65 (as of Sep 7, 2026) from 26 valuation models. Cautious scenario $104.82, optimistic scenario $233.77. It is a calculation from audited fundamentals, not an analyst target.
What is the Eaton Corporation PLC stock forecast for 2026?
Our models put fair value at $168.65, about −59% upside versus a price of $410.85 (overvalued). Cautious scenario $104.82, optimistic scenario $233.77. The calculation is refreshed regularly with new filings.
What is the revenue of Eaton Corporation PLC (ETN)?
Eaton Corporation PLC reported trailing-twelve-month revenue of about $28.5B (latest available figure, as of Sep 7, 2026).
What is the net profit margin of ETN?
The net profit margin of Eaton Corporation PLC is about 14.0%, meaning it keeps roughly 14.0% of revenue as net income. Based on the latest reported figures.
Does Eaton Corporation PLC pay a dividend?
Eaton Corporation PLC currently shows a dividend yield of about 1.03% relative to its recent price (as of Sep 7, 2026).
What growth is priced into Eaton Corporation PLC (ETN)?
For today's price to be fair in a discounted-cash-flow model, Eaton Corporation PLC would have to grow free cash flow by +16.3 % per year for ten years (discount rate 9.7 %, then 2 % perpetual growth). Over the last 5 years revenue grew +9.0 % per year. As of Sep 7, 2026.
What discount rate (WACC) does the fair value of ETN use?
Our models discount Eaton Corporation PLC at 9.7 %: a base by market capitalisation (large), damped by beta 1.19, country premium for USA. The same rate applies in all 26 models.
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