VNT
Vontier Corporation
$32.76
Stable Earnings Power
50%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Fair Value
Trading 20.9% below fair value
You pay
$32.76
Bear
$33.12
Fair
$41.40
Bull
$49.68
Bear
$33.12
+1.1%
$2.76 × 12x P/E
Fair
$41.40
+26.4%
$2.76 × 15x P/E
Bull
$49.68
+51.6%
$2.76 × 18x P/E
Adjust Assumptions
15.0x
2.76$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
11.9x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (13 analysts)
$38.25
Divergence from AlphaVal
8%
Summary
Applying a 15x P/E to adjusted EPS of $2.76, the base-case value is $41.40 per share.
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