A
Agilent Technologies, Inc.
$177.76
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 159.3% above fair value
You pay
$177.76
Bear
$54.84
Fair
$68.55
Bull
$82.26
Bear
$54.84
-69.1%
$4.57 × 12x P/E
Fair
$68.55
-61.4%
$4.57 × 15x P/E
Bull
$82.26
-53.7%
$4.57 × 18x P/E
Adjust Assumptions
15.0x
4.57$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
38.9x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (41 analysts)
$173.08
Divergence from AlphaVal
60%
Summary
Applying a 15x P/E to adjusted EPS of $4.57, the base-case value is $68.55 per share. DDM cross-check: $26.24.
Warnings
Dividend-based valuation: $26.24 (below our primary estimate by 62%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $173.08 (from 41 analysts). Our estimate is 60% below the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples