Veralto Corporation (VLTO) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Veralto Corporation stock $69.81, price $117, that is 40.3% below the price, quality 74 out of 100. Rating: strongly overvalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
37‑month range $66.58 – $117.02 · fair‑value band $49.44 – $87.92 · the $117.02 price screens above the $69.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color solutions worldwide.
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It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications under the Hach, Trojan Technologies, ChemTreat, and other brands.
This segment also provides water solutions, including chemical reagents, services, and software solutions.
The PQI segment offers marking and coding for packaged goods and related consumables; a software solution that provides digital asset management, marketing resource management, and product information management; inline printing solutions for products and packaging with marking and coding systems; design software and imaging systems for the creation of new packaging designs; color management solutions for printed packages and consumer and industrial products; and color standard services for the design industry.
This segment sells its products and services through the Videojet, Linx, Esko, X-Rite, and Pantone brands. The company serves industries, such as municipal utilities, food and beverage, pharmaceutical, and industrials.
The company was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation in February 2023. Veralto Corporation was incorporated in 2022 and is headquartered in Waltham, Massachusetts.
Stock analysis
Veralto Corporation (VLTO) currently trades at $117.02, while our model-based Fair Value estimate is $69.81, 40% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $71.99 per share, and 0 of the 23 models we run sit above the $117.02 price.
Bear case: the Economic Profit group reads lowest at $27.52, and 23 of the 23 models stay below the price. Data coverage for this calculation is high.
Scenario range: $49.44 (bear) to $87.92 (bull), the price of $117.02 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 74/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Veralto Corporation reported revenue of $5.5B in FY2025 versus $4.7B in FY2021, a compound +4.0%/yr. Reported net income was $940M in FY2025, compounding +2.2%/yr from FY2021.
Key figures
Market cap $28.8B Large · P/E ratio 28.9 · P/S ratio 4.96 · EPS (TTM) $4.05 · Dividend yield 0.4% · Net margin 17.3% · Return on equity 33.0% · Return on assets (EBIT) 20.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −1% fair-value upside, at −40%, VLTO screens richer than that median.
Fair Value models
Bear$49.44Fair Value $69.81Bull$87.92
Price $117.02 · Downside -40.3%
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 2025 figures (about 10 months old). Earnings retained since then ($2.99 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.
In the last 6 months, 3 officers or directors sold shares worth $6.4M and none bought.
SaleBernard M SkeeteChief Accounting Officer2× since May 1, 2026: 1,814 shares, avg. $108.55$196,909Nov 2, 2026
SaleSurekha TrivediSVP, Strategy & Sustainability2× since Aug 17, 2026: 37,413 shares, avg. $108.58$4.1MOct 30, 202610b5-1 plan
SaleJennifer HoneycuttPresident and CEO, Director3× since Jul 17, 2026: 21,292 shares, avg. $100.51$2.1MOct 23, 202610b5-1 plan
SaleMelissa KapitySVP, Water Quality14,840 shares at $96.60$1.4MFeb 27, 2026
SaleMattias BystromSVP, PQI1,000 shares at $101.73$101,730Dec 1, 2025
Plus 19 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
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.78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.0%
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.
+4.2%
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.
+4.8%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
+3.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.1%
Dividend (yield on the price)0.4%
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.22% → 23%
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).
+12.8%
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.
+5.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +10.2% a year for the price and +2.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 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: Recurring revenue from connected software and digital workflows supports steady cash generation despite fluctuating industrial demand, yet evidence for durable competitive advantages remains insufficient.
Main risk: Uncertainties around the development, deployment and use of artificial intelligence in Veralto’s business activities, products and services could result in flawed implementations, higher costs or loss of competitiveness if rivals deploy AI more successfully.
Bull case: Veralto could integrate AI into its monitoring platforms and data services to strengthen customer lock-in through predictive analytics while leveraging its installed base and regulatory expertise to win share from slower rivals.
Bear case: If larger water players bundle solutions more effectively or low-cost rivals capture hardware and consumables volume, Veralto could see slower recurring revenue growth and margin pressure across its water and product quality segments.
Veralto draws a substantial portion of sales from recurring revenue in connected software and digital workflows for water and product quality monitoring. This structure delivers steady cash generation even as core industrial demand fluctuates, yet the company still needs meaningful acceleration in water treatment adoption to drive further expansion. Our models see it as overvalued. Will the recurring base buffer earnings stability or cap the upside if infrastructure spending stays measured?
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.Pollution & Treatment Controls · 86 stocks
P/B9.26× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)4.96× · Priciest 25%
Price / free cash flow28.4× · Pricier than median
EV/EBITDA21.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 6
FUTURE (revenue growth)38· sector 22
PAST (return on equity)100· sector 20
HEALTH (low debt)68· sector 95
DIVIDEND (yield)9· sector 37
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). "Veralto Corporation Fair Value". https://www.fairvalue-calculator.com/stock/VLTO
Frequently asked questions
Is Veralto Corporation (VLTO) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of $69.81 versus a price of $117.02, about 40% lower (overvalued).
What is the fair value of VLTO?
Our model-based fair value for Veralto Corporation is $69.81 (as of Nov 3, 2026), built from audited fundamentals. The current price: $117.02.
What is the quality score of VLTO?
Veralto Corporation 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 Veralto Corporation (VLTO)?
Our model-based price target is the fair value of $69.81 (as of Nov 3, 2026) from 23 valuation models. Cautious scenario $49.44, optimistic scenario $87.92. It is a calculation from audited fundamentals, not an analyst target.
What is the Veralto Corporation stock forecast for 2026?
Our models put fair value at $69.81, about 40% lower versus a price of $117.02 (overvalued). Cautious scenario $49.44, optimistic scenario $87.92. The calculation is refreshed regularly with new filings.
What is the revenue of Veralto Corporation (VLTO)?
Veralto Corporation reported trailing-twelve-month revenue of about $5.8B (latest available figure, as of Nov 3, 2026).
Does Veralto Corporation pay a dividend?
Veralto Corporation currently shows a dividend yield of 0.44% relative to its recent price (as of Nov 3, 2026).
What growth is priced into Veralto Corporation (VLTO)?
For today's price to be fair in a discounted-cash-flow model, Veralto Corporation would have to grow free cash flow by +12.8 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of VLTO use?
Our models discount Veralto Corporation at 8.5 %: a base by market capitalisation (large), damped by beta 0.67, 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 Veralto Corporation that is +12.8 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Veralto Corporation (VLTO) delivered so far?
Over the past 5 years revenue at Veralto Corporation grew +4.8 % a year. The price currently implies +12.8 % 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 Veralto Corporation (VLTO) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Veralto Corporation (+12.8 % 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 Veralto Corporation (VLTO)?
The free-cash-flow yield on the price is 3.53 %: that much free cash flow Veralto Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Veralto Corporation (VLTO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Veralto Corporation it is $69.81 per share (as of Nov 3, 2026), against a price of $117.02. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Veralto Corporation stock overvalued or undervalued in 2026?
As of Nov 3, 2026, VLTO trades above its calculated fair value: price $117.02, fair value $69.81, a gap of about −40% (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 VLTO?
No. The price is what the market pays today ($117.02); the fair value is what the company's own numbers justify ($69.81). For Veralto Corporation the two are $47.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Veralto Corporation worth?
The market values Veralto Corporation at about $28.8B (market capitalisation, as of Nov 3, 2026). Per share that is $117.02; our models calculate a fair value of $69.81 per share.
What do the bullish and bearish scenarios say about VLTO?
Our models span a range for Veralto Corporation: cautious scenario $49.44, base $69.81, optimistic $87.92 per share (as of Nov 3, 2026, price $117.02). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VLTO?
Veralto Corporation trades at a price-to-earnings ratio of 28.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $69.81 is built from several models across several years. Other multiples: PEG 2.6, P/B 9.3, P/S 5.0, EV/EBITDA 21.3.
What is the PEG ratio of VLTO?
The PEG ratio of Veralto Corporation is 2.63 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Veralto Corporation (VLTO)?
Balance-sheet figures for Veralto Corporation (as of Nov 3, 2026): return on equity 33.0%, debt of 0.64 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is VLTO from its 52-week high?
Veralto Corporation trades at $117.02, at its 52-week high of $117.02 and 43% above the low of $82.00 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $69.81 is for.
Which stocks are comparable to Veralto Corporation?
From the same area (Industrials) we also value Zurn Elkay Water Solutions Corporation, Fujian Longking Co, CECO Environmental Corp, Munters Group, 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 Veralto Corporation stock attractive at the current price?
The data as of Nov 3, 2026: price $117.02, calculated fair value $69.81 (−40%), Quality Score 74/100, 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 VLTO calculated?
We run Veralto Corporation 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 $69.81, 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 15.6% above its aggregate fair value. Veralto Corporation 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 Veralto Corporation (VLTO)?
The closing price on Nov 4, 2026 was $117.02. Our model-based fair value is $69.81, about 40% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Veralto Corporation right now?
The price sits above even our optimistic bull case ($87.92). The favourable scenario is already priced in. Solid but not exceptional quality (74/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Veralto Corporation
How large is the market capitalisation of Veralto Corporation (VLTO)?
The market capitalisation of Veralto Corporation is $28.8B. 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 Veralto Corporation (VLTO)?
The price-to-sales ratio of Veralto Corporation is 4.96 (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 Veralto Corporation (VLTO)?
Earnings per share at Veralto Corporation are $4.05 (price ÷ EPS = P/E 28.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Veralto Corporation (VLTO)?
The dividend yield of Veralto Corporation is 0.4% (payout 12.8%). 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 Veralto Corporation (VLTO)?
The net margin of Veralto Corporation is 17.3% (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 Veralto Corporation (VLTO)?
The return on equity (ROE) of Veralto Corporation is 33.0% (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 Veralto Corporation (VLTO)?
On an EBIT basis the return on assets of Veralto Corporation is 20.0% (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 Veralto Corporation (VLTO)?
The operating margin of Veralto Corporation is 19.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Veralto Corporation (VLTO)?
Revenue at Veralto Corporation is growing +7.5% versus a year earlier (3y avg +4.2%). 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 Veralto Corporation (VLTO)?
Earnings per share at Veralto Corporation are growing +8.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Veralto Corporation (VLTO) carry?
The net debt of Veralto Corporation is $642M (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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Broad data
Nov 3, 2026