Veralto Corporation (VLTO) fair value: what the stock is really worth
We calculate from audited financials what Veralto Corporation 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
36‑month range $66.67 – $112.62 · fair‑value band $46.08 – $87.04 · the $94.49 price screens above the $67.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color solutions worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI).
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Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color solutions worldwide. 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 $94.49, while our model-based Fair Value estimate is $67.32, implying the stock looks roughly 40.4% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $65.88 per share, and 0 of the 25 models we run sit above the $94.49 price.
Bear case: the Asset-Based group reads lowest at $8.47, and 25 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: $46.08 (bear) to $87.04 (bull), the price of $94.49 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 71/100 (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 $23.7B · P/E ratio 24.6 · P/S ratio 4.20 · EPS (TTM) $3.84 · Dividend yield 0.5% · Net margin 17.1% · Return on equity 36.5% · Return on assets (EBIT) 20.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −11% fair-value upside, at −29%, VLTO screens richer than that median.
Fair Value models
Bear $46.08Fair Value $67.32Bull $87.04
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 ($2.46 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.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%
’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.
+3.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.1%
Dividend (yield on the price)0.5%
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).
+10.2%
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.
+5.1%
Yearly sales growth analysts expect, extended to five years.
News mood ⓘNews mood, the average tone of recent news (99 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.
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 · 93 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). "Veralto Corporation Fair Value". https://www.fairvalue-calculator.com/stock/VLTO
Frequently asked questions
Is Veralto Corporation (VLTO) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of $67.32 versus a price of $94.49, about −29% upside (overvalued).
What is the fair value of VLTO?
Our model-based fair value for Veralto Corporation is $67.32 (as of Sep 18, 2026), built from audited fundamentals. The current price: $94.49.
What is the quality score of VLTO?
Veralto Corporation 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 Veralto Corporation (VLTO)?
Our model-based price target is the fair value of $67.32 (as of Sep 18, 2026) from 25 valuation models. Cautious scenario $46.08, optimistic scenario $87.04. 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 $67.32, about −29% upside versus a price of $94.49 (overvalued). Cautious scenario $46.08, optimistic scenario $87.04. 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 $5.6B (latest available figure, as of Sep 18, 2026).
Does Veralto Corporation pay a dividend?
Veralto Corporation currently shows a dividend yield of about 0.51% relative to its recent price (as of Sep 18, 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 +10.2 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of VLTO use?
Our models discount Veralto Corporation at 8.7 %: a base by market capitalisation (large), damped by beta 0.78, 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 +10.2 % per year a year over ten years, using the same discount rate (8.7 %) 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 +10.2 % 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 +4.6 % a year. That is the yardstick for the growth priced into Veralto Corporation (+10.2 % 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 4.29 %: that much free cash flow Veralto Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), 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 $67.32 per share (as of Sep 18, 2026), against a price of $94.49. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Veralto Corporation stock overvalued or undervalued in 2026?
As of Sep 18, 2026, VLTO trades above its calculated fair value: price $94.49, fair value $67.32, a gap of about −29% (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 ($94.49); the fair value is what the company's own numbers justify ($67.32). For Veralto Corporation the two are $27.17 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 $23.7B (market capitalisation, as of Sep 18, 2026). Per share that is $94.49; our models calculate a fair value of $67.32 per share.
What do the bullish and bearish scenarios say about VLTO?
Our models span a range for Veralto Corporation: cautious scenario $46.08, base $67.32, optimistic $87.04 per share (as of Sep 18, 2026, price $94.49). 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 24.6 (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 $67.32 is built from several models across several years. Other multiples: PEG 2.7, P/B 7.2, P/S 4.0, EV/EBITDA 16.2.
What is the PEG ratio of VLTO?
The PEG ratio of Veralto Corporation is 2.70 (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 Veralto Corporation (VLTO)?
Balance-sheet figures for Veralto Corporation (as of Sep 18, 2026): return on equity 36.5%, debt of 0.64 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is VLTO from its 52-week high?
Veralto Corporation trades at $94.49, about 14% below its 52-week high of $109.69 and 18% above the low of $80.03 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of $67.32 is for.
Which stocks are comparable to Veralto Corporation?
From the same area (Industrials) we also value Zurn Elkay Water Solutions Corporation, Canmax Technologies Co, CECO Environmental Corp, Fujian Longking Co, 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 Sep 18, 2026: price $94.49, calculated fair value $67.32 (−29%), Quality Score 71/100, from 25 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 25 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 $67.32, 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. 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 Sep 18, 2026 was $94.49. Our model-based fair value is $67.32, about −29% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Veralto Corporation right 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 ($87.04). The favourable scenario is already priced in. A fairly wide model range ($46.08 to $87.04) leaves room in how you read the outcome.
Key figures of Veralto Corporation
How large is the market capitalisation of Veralto Corporation (VLTO)?
The market capitalisation of Veralto Corporation is $23.7B. 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 4.20 (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 Veralto Corporation (VLTO)?
Earnings per share at Veralto Corporation are $3.84 (price ÷ EPS = P/E 24.6). 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 0.5% (payout 12.5%). 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 17.1% (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 Veralto Corporation (VLTO)?
The return on equity (ROE) of Veralto Corporation is 36.5% (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 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 23.8% (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 +6.8% 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 +13.3% 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
Sep 18, 2026