MSA Safety Incorporated (MSA) is a publicly traded company in the Industrials — Security & Protection Services industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
MSA Safety Incorporated is a prominent global manufacturer and provider of safety equipment, specializing in the engineering, production, and distribution of solutions designed to safeguard both personnel and critical infrastructure. The company serves a diverse range of high-risk sectors, including the energy industry (oil, gas, and petrochemical), emergency services (fire departments), construction, industrial manufacturing, utilities, military, and mining.
Is MSA Safety Incorporated stock overvalued or undervalued in 2026?
MSA Safety Incorporated (MSA) trades at 22.2× earnings (P/E), below the median of the 297 industrials companies over $2bn in Kaplio's universe. At the decade median (33.2×) $267 (+49 %); at its sector median (25.8×) $208 (+16 %).
Kaplio overview: MSA Safety Incorporated
Market cap $7B · 52 weeks $153 – $203 (11 % below the high) · P/E 22.2× · 2027 expected P/E 18.0× · Dividend 1.2 % · 11 years rising · Next earnings November 2, 2026 · expected EPS $2.09 · Closing price, Oct 30 · accounts published Jul 30.
- Valuation: P/E 22.2× (cheap).
- Business: ROIC 15 % (fair).
- Balance sheet: Net debt/EBITDA 1.0× (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (33.2×) $267 (+49 %); at its sector median (25.8×) $208 (+16 %). 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: 8 of 10 pass
- ROIC 15.0 %, borderline.
- Capex / Revenue 3.7 %, borderline.
- 5y revenue growth 6.6 %, passes.
- Operating margin 21.4 %, passes.
- FCF conversion 105.9 %, passes.
- Net debt / EBITDA 1.0×, passes.
- Altman Z-Score 5.5, passes.
- Piotroski F-Score 5 de 9, passes.
- P/E vs own 10y history 22.2×, passes.
- Cycle-adjusted EV/EBITDA 14.0×, passes.
Against its peers (reference peers) — MSA Safety Incorporated: P/E 22.2×; EV/EBITDA 14.0×; ROIC 15.0 %; $6.9B. Allegion plc (P/E 23.2×; EV/EBITDA 15.6×; ROIC 16.5 %; $15.9B), Federal Signal Corporation (P/E 23.4×; EV/EBITDA 15.4×; ROIC 15.1 %; $6.9B), Gentex Corporation (P/E 10.5×; EV/EBITDA 7.5×; ROIC 16.5 %; $4.2B).
Expensive or cheap against its last ten years?
P/E at each close: today 22.2× · median 33.2× · minimum 18.5× · maximum 53.6× · cheap below 29.5× · expensive above 40.8×. It has been cheaper than today only 10% of the time over its last ten years.
Dividend
solid · Yield 1.2 % ($2.10 per share in 2025) · Years raising it ≥ 11 · 5-year growth +4 % a year · Free cash flow coverage 2.5× · With $1,000 invested today you'd collect $12.40 a year ($1.03 a month).
Profitability
| Return on Equity | 23.15% |
| Return on Invested Capital | 14.97% |
| Return on Assets | 12.07% |
| Gross Margin | 47.57% |
| Operating Margin | 23.32% |
| Net Margin | 16.13% |
Financial Health
| Debt / Equity | 0.46 |
| Current Ratio | 3.24 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 5.55 |
Price Performance
| 1 month | -0.26% |
| 3 months | -6.15% |
| Year-to-date | +11.51% |
| 1 year | +13.72% |
| 3 years | +13.26% |
| 5 years | +20.31% |
| 10 years | +217.51% |
Dividend History
Paid in the last 12 months: $2.1400 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-14 | $0.5400 |
| 2026-05-15 | $0.5400 |
| 2026-02-13 | $0.5300 |
| 2025-11-14 | $0.5300 |
| 2025-08-15 | $0.5300 |
| 2025-05-15 | $0.5300 |
| 2025-02-14 | $0.5100 |
| 2024-11-15 | $0.5100 |
| 2024-08-15 | $0.5100 |
| 2024-05-14 | $0.5100 |
Amounts adjusted for stock splits.
Related companies: OSIS · GNTX · APG · ALLE · FSS · PRM
Explore sector: Industrials · Security & Protection Services
More sections of MSA: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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