Renishaw PLC (RSW) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Renishaw PLC stock £32.56, price £47.12, that is 30.9% below the price, quality 74 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range £21.00 – £59.90 · fair‑value band £19.85 – £50.35 · the £47.12 price screens above the £32.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide.
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It operates through two segments: Manufacturing technologies; and Analytical instruments and medical devices.
The company offers precision measurement and process control products, such as co-ordinate measuring machine probes, software, retrofits, equator gauging systems, fixtures, machine calibration and optimization, machine tool probes, precision styli for metrology, and smart manufacturing data platform; and position and motion control products comprising interferometric laser, magnetic, and optical encoders.
It also provides healthcare products, such as neuromate stereotactic robots, neuroinfuse drug delivery systems, neuroinspire surgical planning software, dixi medical's, and Raman spectrometers; industrial robots; and additive 3D printing manufacturing systems.
It serves the aerospace, automotive, consumer electronics, medical and healthcare, heavy, machine builder, energy, and precision manufacturing industries, as well as scientific, research, and analysis industries.
The company was incorporated in 1973 and is based in Wotton-under-Edge, the United Kingdom.
Stock analysis
Renishaw PLC (RSW) currently trades at £47.12, while our model-based Fair Value estimate is £32.56, 31% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of £44.50 per share, and 1 of the 26 models we run sit above the £47.12 price.
Bear case: the Asset-Based group reads lowest at £6.54, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: £19.85 (bear) to £50.35 (bull), the price of £47.12 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 74/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Renishaw PLC reported revenue of £816M in FY2026 versus £674M in FY2022, a compound +4.9%/yr. Reported net income was £119M in FY2026, compounding −0.3%/yr from FY2022.
Key figures
Market cap £3.6B Mid · P/E ratio 28.7 · P/S ratio 4.37 · EPS (TTM) £1.64 · Dividend yield 1.7% · Net margin 14.6% · Return on equity 12.5% · Return on assets (EBIT) 11.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 42% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −31%, RSW screens cheaper than that median.
Fair Value models
Bear£19.85Fair Value £32.56Bull£50.35
Price £47.12 · Downside -30.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (£0.3107 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.4%
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.
+5.8%
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.
+7.5%
Start year 2021 (pandemic). Over 10 years: +6.7% a year
Revenue growth 40 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.
+9.5%
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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.
+3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.3%
Dividend (yield on the price)1.7%
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.1.3% vs 3.0%, steady
Profit margin 2021 to 2026 ⓘ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.24% → 16%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than 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).
+23.5%
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.
+8.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +20.7% a year for the price and +6.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (61 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Modest returns from metrology and additive manufacturing are supported by manufacturing expansion for semiconductor demand, yet thin evidence leaves no clear signals of durable advantage.
Main risk: The main risk is that new manufacturing capacity mainly increases fixed costs without enough pricing power, which would hit operating margins.
Renishaw is expanding its Miskin manufacturing site to meet stronger demand for its metrology and additive manufacturing products, especially from semiconductor customers. The move builds on recent revenue growth across segments but comes at a time when our models see the shares as overvalued. Will the new capacity drive lasting operating leverage or mainly increase fixed costs without enough pricing power?
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.Scientific & Technical Instruments · 160 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Renishaw PLC Fair Value". https://www.fairvalue-calculator.com/stock/RSW
Frequently asked questions
Is Renishaw PLC (RSW) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of £32.56 versus a price of £47.12, about 31% lower (overvalued).
What is the fair value of RSW?
Our model-based fair value for Renishaw PLC is £32.56 (as of Nov 9, 2026), built from audited fundamentals. The current price: £47.12.
What is the quality score of RSW?
Renishaw PLC has a Quality Score of 74/100. 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 Renishaw PLC (RSW)?
Our model-based price target is the fair value of £32.56 (as of Nov 9, 2026) from 26 valuation models. Cautious scenario £19.85, optimistic scenario £50.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Renishaw PLC stock forecast for 2026?
Our models put fair value at £32.56, about 31% lower versus a price of £47.12 (overvalued). Cautious scenario £19.85, optimistic scenario £50.35. The calculation is refreshed regularly with new filings.
What is the revenue of Renishaw PLC (RSW)?
Renishaw PLC reported trailing-twelve-month revenue of about £816M (latest available figure, as of Nov 9, 2026).
Does Renishaw PLC pay a dividend?
Renishaw PLC currently shows a dividend yield of 1.66% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Renishaw PLC (RSW) and when is the ex-dividend date?
Renishaw PLC pays a dividend of £0.781 per share a year, a dividend yield of 1.7%. The last ex-dividend date was Oct 29, 2026. A dividend has been paid every year since at least 1993. The payout ratio is 47.6% of earnings. Free cash flow covers the dividend 1.46 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Renishaw PLC (RSW)?
For today's price to be fair in a discounted-cash-flow model, Renishaw PLC would have to grow free cash flow by +23.5 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.5 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of RSW use?
Our models discount Renishaw PLC at 10.4 %: a base by market capitalisation (mid), damped by beta 1.04, country premium for United Kingdom. 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 Renishaw PLC that is +23.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Renishaw PLC (RSW) delivered so far?
Over the past 5 years revenue at Renishaw PLC grew +7.5 % a year. The price currently implies free-cash-flow growth of +23.5 % per 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 Renishaw PLC (RSW) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Renishaw PLC (+23.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Renishaw PLC (RSW)?
The free-cash-flow yield on the price is 2.42 %: that much free cash flow Renishaw PLC produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Renishaw PLC (RSW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Renishaw PLC it is £32.56 per share (as of Nov 9, 2026), against a price of £47.12. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Renishaw PLC stock overvalued or undervalued in 2026?
As of Nov 9, 2026, RSW trades above its calculated fair value: price £47.12, fair value £32.56, a gap of about −31% (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 RSW?
No. The price is what the market pays today (£47.12); the fair value is what the company's own numbers justify (£32.56). For Renishaw PLC the two are £14.56 per share apart. That gap is exactly why we show both numbers side by side.
How much is Renishaw PLC worth?
The market values Renishaw PLC at about £3.6B (market capitalisation, as of Nov 9, 2026). Per share that is £47.12; our models calculate a fair value of £32.56 per share.
What do the bullish and bearish scenarios say about RSW?
Our models span a range for Renishaw PLC: cautious scenario £19.85, base £32.56, optimistic £50.35 per share (as of Nov 9, 2026, price £47.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RSW?
Renishaw PLC trades at a price-to-earnings ratio of 28.7 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £32.56 is built from several models across several years. Other multiples: P/B 3.6, P/S 4.4, EV/EBITDA 19.1.
How solid is the balance sheet of Renishaw PLC (RSW)?
Balance-sheet figures for Renishaw PLC (as of Nov 9, 2026): return on equity 12.5%, debt of 0.00 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is RSW from its 52-week high?
Renishaw PLC trades at £47.12, about 21% below its 52-week high of £59.90 and 42% above the low of £33.12 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £32.56 is for.
Which stocks are comparable to Renishaw PLC?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Coherent Corp, Teledyne Technologies Incorporated, 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 Renishaw PLC stock attractive at the current price?
The data as of Nov 9, 2026: price £47.12, calculated fair value £32.56 (−31%), Quality Score 74/100, 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 RSW calculated?
We run Renishaw PLC through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of £32.56 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Renishaw PLC itself currently trades above fair value. 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 Renishaw PLC (RSW)?
The closing price on Nov 6, 2026 was £47.12. Our model-based fair value is £32.56, about 31% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Renishaw PLC right now?
Solid but not exceptional quality (74/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (£19.85 to £50.35) leaves room in how you read the outcome.
Where does the earnings growth of Renishaw PLC (RSW) come from?
Earnings per share at Renishaw PLC grew +1.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.8 %, EBIT margin −4.4 %, tax rate −1.0 %, residual (interest, one-offs) +2.2 %. 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 Renishaw PLC
How large is the market capitalisation of Renishaw PLC (RSW)?
The market capitalisation of Renishaw PLC is £3.6B. 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 Renishaw PLC (RSW)?
The price-to-sales ratio of Renishaw PLC is 4.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Renishaw PLC (RSW)?
Earnings per share at Renishaw PLC are £1.64 (price ÷ EPS = P/E 28.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Renishaw PLC (RSW)?
The dividend yield of Renishaw PLC is 1.7% (payout 47.6%). 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 Renishaw PLC (RSW)?
The net margin of Renishaw PLC is 14.6% (last twelve months). 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 Renishaw PLC (RSW)?
The return on equity (ROE) of Renishaw PLC is 12.5% (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 Renishaw PLC (RSW)?
On an EBIT basis the return on assets of Renishaw PLC is 11.6% (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 Renishaw PLC (RSW)?
The operating margin of Renishaw PLC is 25.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Renishaw PLC (RSW)?
Revenue at Renishaw PLC is growing +21.1% versus a year earlier (3y avg +5.8%). 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 Renishaw PLC (RSW)?
Earnings per share at Renishaw PLC are growing +118% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Renishaw PLC (RSW) hold?
Renishaw PLC holds more cash than debt, £135M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 9, 2026