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Mirion Technologies, Inc (MIR) Fair Value & Analysis

Industrials · US · Market cap $3.9B

MT Mirion Technologies, Inc logo Mirion Technologies, Inc MIR · US
Price$15.71
Fair Value$1.70
Upside-89.2%
Quality39/100
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Healthy Growth
Thin margins · 2.6% net margin
Moderate debt · generates free cash flow
Trails peers (2/13)
Narrow moat 30/100
Evidence: High Range $1.57 – $2.22 Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 20 days ago

Share price −4.4% over the past month.

Below-average quality, and screening another 89% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($2.22). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

$29.75 $5.67 Fair Value $1.70 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range $5.67 – $29.75 · fair‑value band $1.57 – $2.22 · the $15.71 price screens above the $1.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Mirion Technologies, Inc (MIR) currently trades at $15.71, while our model-based Fair Value estimate is $1.70, implying the stock looks roughly 89.2% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Mirion Technologies, Inc generated revenue of $981M at a net margin of 2.6%. Revenue grew 27.5% year over year. It earns a return on equity of 1.5%. Net debt stands at $848M. Fundamentals as of Jul 20, 2026

Our scenario range runs from $1.57 (bear case) to $2.22 (bull case); at $15.71, the current price sits above 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. 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 48% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -89%, MIR screens richer 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 $1.87 $5.05 $9.96 80
Residual Income $5.26 $5.00 $3.76 76
Rev-Margin DCF $1.27 $3.16 74
All 24 models by family
DCF Models
FCF DCF $1.87 $5.25 $10.62 38
Owner Earnings $2.99 $7.11 $13.66 31
5Y Revenue Exit $1.24 $3.11 39
5Y EBITDA Exit $3.03 $7.72 $13.45 41
5Y P/E Exit $1.00 $2.45 38
10Y Revenue Exit $0.4100 $2.00 $4.16 36
10Y EBITDA Exit $2.56 $6.54 $12.31 37
10Y P/E Exit $0.4000 $1.83 $3.65 35
Earnings-Based
Graham-Dodd $0.8000 $3.22 $4.38 54
Lynch FV $0.8000 $1.15 $1.49 50
PEG = 1.0 $0.8000 $1.15 $1.49 46
Dividend Discount
Gordon GGM $5.25 $10.46 $15.85 70
DDM Multi-Stage $5.25 $9.04 $11.05 61
Multiples
P/E Multiple $1.85 $2.47 $3.09 63
P/S Multiple $1.50 $2.00 $2.50 58
P/B Multiple $1.50 $2.00 $2.50 55
EV/EBIT $0.3700 $1.26 53
EV/EBITDA $4.34 $6.86 $9.38 54
EV/Revenue $0.3500 43
Asset-Based
NCAV (Graham) $3.81 $5.11 $7.63 50
Growth DCF
Growth DCF $1.87 $5.05 $9.96 80
Rev-Margin DCF $1.27 $3.16 74
Economic Profit
Residual Income $5.26 $5.00 $3.76 76
Growth Earnings
Growth-Adj P/E $1.41 $2.01 $2.61 68

Widest divergence: Dividend Discount ($9.04) versus Earnings-Based ($1.15). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $981M
Revenue growth (YoY) +27.5%
Net margin 2.6%
Return on equity 1.5%
Free cash flow $107M FY2025
P/E ratio 176.3
More key figures
Operating margin 1.4%
EPS (TTM) $0.1000
EPS growth (YoY) +2.4%
Net debt $848M FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 41 · Market factors (momentum, volatility) 16

Profitability 20
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 0
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

Mirion Technologies, Inc. provides radiation detection, measurement, analysis, and monitoring products and services in North America, Europe, and the Asia Pacific. It operates in two segments, Medical, and Nuclear & Safety.

Full company description

Mirion Technologies, Inc. provides radiation detection, measurement, analysis, and monitoring products and services in North America, Europe, and the Asia Pacific. It operates in two segments, Medical, and Nuclear & Safety. The Medical segment offers radiation oncology quality assurance and dosimetry solutions; patient safety solutions for diagnostic imaging and radiation therapy centers; radiation therapy quality assurance solutions for calibrating and verifying imaging and treatment accuracy; and radionuclide therapy products for nuclear medicine applications, such as product handling, medical imaging furniture, and rehabilitation products. This segment improves the quality and safety of cancer care delivery; and supports applications across medical diagnostics and practitioner safety. The Nuclear & Safety segment focuses on addressing critical radiation safety, measurement, and analysis applications; and provides personal radiation detection, identification equipment, and analysis tools. The company also offers include radiation measurement and monitoring solutions, reactor instrumentation and control detectors, imaging systems and cameras, and waste management systems; laboratory and scientific analysis systems comprising gamma/alpha spectroscopy, alpha/beta counting, specialty detectors, and spectroscopy software; radiation measurement and health physics instrumentation; and contamination and clearance monitors. It serves hospitals, clinics and urgent care facilities, dental and veterinary offices, radiation treatment facilities, OEMs for radiation therapy, laboratories, military organizations, government agencies, industrial companies, power and utility companies, reactor design firms, and NPPs. The company was formerly known as Global Monitoring Systems, Inc. and changed its name to Mirion Technologies, Inc. in January 2006. Mirion Technologies, Inc. was incorporated in 2005 and is headquartered in Atlanta, Georgia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mirion Technologies, Inc reported revenue of $925M in FY2025 versus $612M in FY2021, a compound +10.9%/yr. Reported net income was $28.8M in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$925M
Latest YoY
+7.5%
Avg. growth/yr (3Y)
+8.8%
Avg. growth/yr (5Y)
+14.1%
Avg. growth/yr (8Y)
+9.6%
Revenue +10.9%/yr
FY21 $612M
FY22 $718M
FY23 $801M
FY24 $861M
FY25 $925M
Net income
FY21 −$158M
FY22 −$277M
FY23 −$96.9M
FY24 −$36.1M
FY25 $28.8M

MIR screens 89% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Mirion Technologies, Inc Fair Value". https://www.fairvalue-calculator.com/stock/MIR

Recent news

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

Peer Group

Specialty Industrial Machinery · 809 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 39 · Bottom 25%
Fair Value upside −89% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 28% · Top 25%
Debt / equity 0.64× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 159.7× · Pricier than 75% of peers
P/B 2.09× · Cheaper than median
P/S (TTM) 3.98× · Pricier than median
P/FCF 36.5× · Pricier than 75% of peers
EV/EBITDA 22.7× · Pricier 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 0 · sector 0
FUTURE 100 · sector 23
PAST 6 · sector 28
HEALTH 68 · sector 96
DIVIDEND 0 · sector 24

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

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

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Mirion Technologies, Inc (MIR) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of $1.70 versus a price of $15.71, about −89% (overvalued).
What is the fair value of MIR?
Our model-based fair value for Mirion Technologies, Inc is $1.70 (as of Jul 20, 2026), built from audited fundamentals. The current price is $15.71.
What is the quality score of MIR?
Mirion Technologies, Inc has a Quality Score of 39/100. 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 revenue of Mirion Technologies, Inc (MIR)?
Mirion Technologies, Inc reported trailing-twelve-month revenue of about $981M (latest available figure, as of Jul 20, 2026).
What is the net profit margin of MIR?
The net profit margin of Mirion Technologies, Inc is about 2.6%, meaning it keeps roughly 2.6% of revenue as net income. Based on the latest reported figures.

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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