SPX Corp (SPXC) fair value: what the stock is really worth
We calculate from audited financials what SPX 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.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range $41.90 – $246.41 · fair‑value band $50.88 – $104.68 · the $181.77 price screens above the $75.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 18, 2026.
SPX Technologies, Inc. engages in the supply of engineered solutions serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, Canada, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement.
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SPX Technologies, Inc. engages in the supply of engineered solutions serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, Canada, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement and handling solutions for the industrial, institutional, and commercial HVAC markets, as well as hydronic and electrical heating and ventilation products for the residential, industrial, institutional, and commercial markets. It offers cooling products and engineered air movement and handling solutions under the Marley, Recold, SGS, Cincinnati Fan, TAMCO, Ingénia, Air Enterprises, and Rahn Industries brand names; hydronics and electrical heating and ventilation products under the under the Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, Sigma, Omega, Skypeak, Thermolec, Williamson-Thermoflo, INDEECO, Heatrex, AccuTherm, Brasch, Spectrum, BannerDay PipeHeating, and Solar Products brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Cues, ULC Robotics, and Sensors & Software brands; transportation systems under the Genfare brand; communication technologies under the TCI, ECS, and KTS brands; and aids to navigation products under the Flash Technology, ITL, Sabik Marine, Sealite, and Avlite brands. The company markets its products through consumers, independent manufacturing representatives, third-party distributors, and retailers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. is headquartered in Charlotte, North Carolina.
Stock analysis
SPX Corp (SPXC) currently trades at $181.77, while our model-based Fair Value estimate is $75.74, implying the stock looks roughly 140.0% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $83.36 per share, and 0 of the 23 models we run sit above the $181.77 price.
Bear case: the Asset-Based group reads lowest at $29.94, and 23 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: $50.88 (bear) to $104.68 (bull), the price of $181.77 sits above 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 50/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
SPX Corp reported revenue of $2.3B in FY2025 versus $1.2B in FY2021, a compound +16.7%/yr. Reported net income was $246M in FY2025, compounding −12.8%/yr from FY2021.
Key figures
Market cap $10.8B · P/E ratio 34.8 · P/S ratio 3.77 · EPS (TTM) $5.23 · Net margin 10.8% · Return on equity 13.9% · Return on assets (EBIT) 7.3% · Operating margin 16.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
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 26% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −58%, SPXC screens richer than that median.
Fair Value models
Bear $50.88Fair Value $75.74Bull $104.68
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($3.80 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.Evidence ⓘEvidence = 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.2%
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.
+15.7%
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.
+15.0%
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.
+3.3%
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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. Basis: adjusted.
+20.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.1%
Dividend (yield on the price)0.0%
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.19% vs −6%, picking up
Profit margin 2020 to 2025 ⓘ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.9% → 17%
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).
+21.6%
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.
+9.0%
Yearly sales growth analysts expect, extended to five years.
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.Building Products & Equipment · 250 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−61% · Bottom 25%
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)11% · Top 25%
Operating margin (TTM)17% · Top 25%
Growth and dividend
Revenue growth17% · Top 25%
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/E (TTM)34.8× · Pricier than median
P/B4.83× · Priciest 25%
P/S (TTM)4.60× · Priciest 25%
P/FCF44.8× · Priciest 25%
EV/EBITDA22.2× · Priciest 25%
PEG1.55× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 7
FUTURE (revenue growth)87· sector 11
PAST (return on equity)55· sector 22
HEALTH (low debt)89· sector 95
DIVIDEND (yield)0· sector 39
VALUE 0: the price sits above our fair-value range.
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). "SPX Corp Fair Value". https://www.fairvalue-calculator.com/stock/SPXC
Frequently asked questions
Is SPX Corp (SPXC) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of $75.74 versus a price of $181.77, about −58% upside (overvalued).
What is the fair value of SPXC?
Our model-based fair value for SPX Corp is $75.74 (as of Sep 18, 2026), built from audited fundamentals. The current price: $181.77.
What is the quality score of SPXC?
SPX Corp has a Quality Score of 50/100. 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 SPX Corp (SPXC)?
Our model-based price target is the fair value of $75.74 (as of Sep 18, 2026) from 23 valuation models. Cautious scenario $50.88, optimistic scenario $104.68. It is a calculation from audited fundamentals, not an analyst target.
What is the SPX Corp stock forecast for 2026?
Our models put fair value at $75.74, about −58% upside versus a price of $181.77 (overvalued). Cautious scenario $50.88, optimistic scenario $104.68. The calculation is refreshed regularly with new filings.
What is the revenue of SPX Corp (SPXC)?
SPX Corp reported trailing-twelve-month revenue of about $2.3B (latest available figure, as of Sep 18, 2026).
What growth is priced into SPX Corp (SPXC)?
For today's price to be fair in a discounted-cash-flow model, SPX Corp would have to grow free cash flow by +21.6 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.0 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of SPXC use?
Our models discount SPX Corp at 9.8 %: a base by market capitalisation (large), damped by beta 1.27, country premium for USA. 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 SPX Corp that is +21.6 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has SPX Corp (SPXC) delivered so far?
Over the past 5 years revenue at SPX Corp grew +15.0 % a year. The price currently implies +21.6 % per year free-cash-flow growth a 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 SPX Corp (SPXC) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into SPX Corp (+21.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SPX Corp (SPXC)?
The free-cash-flow yield on the price is 2.74 %: that much free cash flow SPX Corp produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SPX Corp (SPXC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SPX Corp it is $75.74 per share (as of Sep 18, 2026), against a price of $181.77. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is SPX Corp stock overvalued or undervalued in 2026?
As of Sep 18, 2026, SPXC trades above its calculated fair value: price $181.77, fair value $75.74, a gap of about −58% (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 SPXC?
No. The price is what the market pays today ($181.77); the fair value is what the company's own numbers justify ($75.74). For SPX Corp the two are $106.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is SPX Corp worth?
The market values SPX Corp at about $10.8B (market capitalisation, as of Sep 18, 2026). Per share that is $181.77; our models calculate a fair value of $75.74 per share.
What do the bullish and bearish scenarios say about SPXC?
Our models span a range for SPX Corp: cautious scenario $50.88, base $75.74, optimistic $104.68 per share (as of Sep 18, 2026, price $181.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SPXC?
SPX Corp trades at a price-to-earnings ratio of 34.8 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $75.74 is built from several models across several years. Other multiples: PEG 1.5, P/B 4.8, P/S 4.6, EV/EBITDA 22.2.
What is the PEG ratio of SPXC?
The PEG ratio of SPX Corp is 1.55 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SPX Corp (SPXC)?
Balance-sheet figures for SPX Corp (as of Sep 18, 2026): return on equity 13.9%, debt of 0.22 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is SPXC from its 52-week high?
SPX Corp trades at $181.77, about 26% below its 52-week high of $246.68 and 19% above the low of $152.79 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of $75.74 is for.
Which stocks are comparable to SPX Corp?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 SPX Corp stock attractive at the current price?
The data as of Sep 18, 2026: price $181.77, calculated fair value $75.74 (−58%), Quality Score 50/100, from 23 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 SPXC calculated?
We run SPX Corp through 23 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 $75.74, 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 16.1 % above its aggregate fair value. SPX Corp 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 SPX Corp (SPXC)?
The closing price on Sep 18, 2026 was $181.77. Our model-based fair value is $75.74, about −58% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SPX Corp right now?
The price sits above even our optimistic bull case ($104.68). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($50.88 to $104.68) leaves room in how you read the outcome.
Key figures of SPX Corp
How large is the market capitalisation of SPX Corp (SPXC)?
The market capitalisation of SPX Corp is $10.8B. 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 SPX Corp (SPXC)?
The price-to-sales ratio of SPX Corp is 3.77 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SPX Corp (SPXC)?
Earnings per share at SPX Corp are $5.23 (price ÷ EPS = P/E 34.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SPX Corp (SPXC)?
The net margin of SPX Corp is 10.8% (fiscal year 2025). 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 SPX Corp (SPXC)?
The return on equity (ROE) of SPX Corp is 13.9% (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 SPX Corp (SPXC)?
On an EBIT basis the return on assets of SPX Corp is 7.3% (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 SPX Corp (SPXC)?
The operating margin of SPX Corp is 16.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SPX Corp (SPXC)?
Revenue at SPX Corp is growing +17.4% versus a year earlier (3y avg +15.7%). 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 SPX Corp (SPXC)?
Earnings per share at SPX Corp are growing +8.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SPX Corp (SPXC) carry?
The net debt of SPX Corp is $134M (fiscal year 2025, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Sep 18, 2026