ESAB Corporation (ESAB) is a publicly traded company in the Industrials — Industrial - Machinery industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
ESAB Corporation specializes in the creation, production, and distribution of industrial consumables and advanced equipment for cutting, joining, and automated welding processes, in addition to gas control systems. Their extensive catalog features welding consumables like electrodes, cored and solid wires, and fluxes, crafted from various specialty materials. They also supply cutting consumables such as electrodes, nozzles, shields, and tips.
Is ESAB Corporation stock overvalued or undervalued in 2026?
ESAB Corporation (ESAB) trades at 27.9× earnings (P/E), above the median of the 298 industrials companies over $2bn in Kaplio's universe. At its sector median (25.9×) $71 (-8 %).
Kaplio overview: ESAB Corporation
Market cap $5B · 52 weeks $65 – $135 (48 % below the high) · P/E 27.9× · 2027 est. P/E 12.1× · Dividend 0.58 % · ≥ 3 years rising · Next earnings November 4, 2026 · expected EPS $1.33 · Closing price, Nov 2 · accounts published Aug 6.
- Valuation: TTM P/E 27.9× (fairly priced).
- Business: ROIC 6 % (weak).
- Balance sheet: Net debt/EBITDA 2.5× (solid).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
At its sector median (25.9×) $71 (-8 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in industrials: 6 of 10 pass
- ROIC 6.1 %, fails.
- Capex / Revenue 1.7 %, fails.
- P/E vs own 10y history 27.9×, fails.
- Cycle-adjusted EV/EBITDA 13.8×, fails.
- 5y revenue growth 7.5 %, passes.
- Operating margin 17.3 %, passes.
- FCF conversion 94.1 %, passes.
- Net debt / EBITDA 2.5×, passes.
- Altman Z-Score 2.9, passes.
- Piotroski F-Score 4 of 9, passes.
Against its peers (reference peers) — ESAB Corporation: P/E 27.9×; EV/EBITDA 13.8×; ROIC 6.1 %; $4.7B. ADT Inc. (P/E 14.0×; EV/EBITDA 5.3×; ROIC 6.3 %; $6.6B), Federal Signal Corporation (P/E 24.3×; EV/EBITDA 14.3×; ROIC 15.1 %; $7.1B), Air Lease Corporation (P/E 9.2×; EV/EBITDA 3.9×; ROIC 157.7 %; $7.3B).
Expensive or cheap against its last 5 years?
P/E at each close: today 27.9× · median 25.9× · minimum 8.3× · maximum 40.1× · cheap below 18.3× · expensive above 31.6×. It has been cheaper than today 64% of the time over its last 5 years.
Dividend
solid · Yield 0.58 % ($0.36 per share in 2025) · Years raising it ≥ 3 · paying since 2022 · Free cash flow coverage 15.3× · With $1,000 invested today you'd collect $5.80 a year ($0.48 a month).
Profitability
| Return on Equity | 7.66% |
| Return on Invested Capital | 6.13% |
| Return on Assets | 2.63% |
| Gross Margin | 35.69% |
| Operating Margin | 15.06% |
| Net Margin | 5.75% |
Financial Health
| Debt / Equity | 0.95 |
| Current Ratio | 1.96 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 2.92 |
Price Performance
| 1 month | -0.20% |
| 3 months | -24.56% |
| Year-to-date | -37.56% |
| 1 year | -39.37% |
| 3 years | -7.07% |
Dividend History
Paid in the last 12 months: $0.44 per share in 4 payments.
| Date | Amount |
|---|---|
| October 2, 2026 | $0.12 |
| July 2, 2026 | $0.12 |
| April 2, 2026 | $0.10 |
| December 31, 2025 | $0.10 |
| October 3, 2025 | $0.10 |
| July 3, 2025 | $0.10 |
| April 4, 2025 | $0.08 |
| December 31, 2024 | $0.08 |
| September 27, 2024 | $0.08 |
| June 28, 2024 | $0.08 |
Amounts adjusted for stock splits.
Related companies: RYAAY · SAIA · TFII · MOG-A · TTC · R · SSD
Explore sector: Industrials · Industrial - Machinery
More sections of ESAB: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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