ESAB (ESAB)
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-10-29
$69.76-5.90%
Close 2026-10-30 · 1-day change
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-10-29
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Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Industrial Machinery & Supplies & Components is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Core adjusted EBITDA margin near 19%: Comparison needs review.
View ThesisRevenue is growing steadily — about 10% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 52% in its worst 12-month stretch.
View RiskESAB’s case rests on steady revenue growth, though recent earnings misses and sector weakness pressure that case. Revenue growth accelerated from 10% in Q1 FY2026 to 12.9% in Q2, but Q2 missed EPS consensus. ESAB trades at 13× P/E versus a 24× peer median; the price reflects less growth than our forecast. The multiple has room to compress if the peer gap is not earned. Our model puts the next-quarter miss probability near 39%. The legal liability over Cape asbestos operations adds a company-specific risk. Peer multiples imply a price about 30% above where it trades; the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-30. ESAB is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 11 analysts currently covering ESAB (as of Oct 2026).
Based on 3 Wall Street analysts offering 12-month price targets for ESAB in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| ESAB Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Industrial Machinery & Supplies & Components — fair value, gap to price, and forward P/E.
Compare the value case
Put ESAB next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Legal liability could impact financial outlook and operations.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $69.76
The last 12 months of price, then the range of analyst 12-month targets from today’s $69.76.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Around the middle on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Complete and integrate Eddyfi acquisition
Eddyfi integration supports growth and strategic objectives.
Advances: Reiterate and raise 2026 financial outlook
Record sales support growth and 2026 outlook.
Advances: Complete Eddyfi acquisition
Eddyfi acquisition closing ahead of schedule supports growth objectives.
Advances: Increase revenue growth
Sales beat indicates strong revenue growth trajectory.
Advances: Enhance gross profit margins
Positive margin outlook supports management's objective.
Advances: Enhance gross profit margins
Buy initiation indicates confidence in margin improvement.
Advances: Complete Eddyfi acquisition
Completion of acquisition aligns with growth objectives.