IEX
IDEX Corporation
$234.38
Stable Earnings Power
65%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 143.8% above fair value
You pay
$234.38
Bear
$76.92
Fair
$96.15
Bull
$115.38
Bear
$76.92
-67.2%
$6.41 × 12x P/E
Fair
$96.15
-59.0%
$6.41 × 15x P/E
Bull
$115.38
-50.8%
$6.41 × 18x P/E
Adjust Assumptions
15.0x
6.41$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
36.6x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (29 analysts)
$259.38
Divergence from AlphaVal
63%
Summary
Applying a 15x P/E to adjusted EPS of $6.41, the base-case value is $96.15 per share. DDM cross-check: $83.73.
Warnings
Wall Street's average price target is $259.38 (from 29 analysts). Our estimate is 63% 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