Veralto (VLTO)

Q: What's priced into Veralto (VLTO) stock?

The current valuation suggests that the market has a neutral outlook on VLTO. There is a slight expectation gap, indicating that the stock is priced reasonably compared to its peers.

Q: What does the Veralto (VLTO) outlook hinge on?

The future performance of VLTO will depend on its ability to maintain growth momentum and the performance of sector bellwethers. Any guidance cuts or misses from these peers could negatively impact VLTO.

NYSEIndustrialsIndustrial - Pollution & Treatment ControlsSnapshot 2026-10-15

$101.04+0.08%

Close 2026-10-16 · 1-day change

Read the published Living FV report summary

Investment OutlookAs of Oct 15, 2026

What could strengthen or challenge Veralto’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+0.3%

+10% or more+5%0%−5%−10% or less

4.78 → 4.80 EPS · FY ending Dec 31, 2027 · 8 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 15, 2026 to Oct 15, 2026: (new ÷ prior − 1). Contributor count changed from 7 to 8; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Living FV™

Living Fair Value by QuarterlyIQ

A valuation that evolves as the business changes.

A published Living FV snapshot is not available yet. The valuation workflow remains discoverable; a market target cannot supply the missing evidence.

View Living FV report and workflow

What the Thesis Depends On

4 key conditions need to be met for the investment thesis to play out.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Execute share buybacks and manage debt prudently	A supporting condition in Veralto's published investment case. The stated target is Sustain active buybacks and maintain manageable debt.	Intact	Company halts buybacks or takes on excessive debt raising costs above 5%	Buybacks active ($750M auth); Debt cost 4.85% vs <5% trip Nov 2025 $750M buyback authorization; May 2026 $725M notes at 4.85%. Context reviewed through Oct 15, 2026Last status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Increase adjusted EPS to $4.24 to $4.28 in 2026	A primary condition in Veralto's published investment case. The stated target is $4.24 to $4.28 EPS.	Intact	EPS falls below $4.20 in FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Maintain free cash flow conversion near 100% of GAAP net earnings	Free cash flow matches net earnings, showing strong cash health.	Intact	Free cash flow conversion falls below 90% of GAAP net earnings in FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 4 of last 4 quarters. Free cash flow conversion guidance rose from 90%-100% in 2025-Q3 to over 100% in 2026-Q2. Actual free cash flow of $328M in 2026-Q2 exceeded net income of $241M, indicating management is delivering on cash flow conversion targets. Delivery assessment Oct 15, 2026
Achieve core sales growth of 3.0% to 4.5% year-over-year	A primary condition in Veralto's published investment case. The stated target is 3.0% to 4.5% YoY revenue growth.	Intact	YoY revenue growth falls below 3.0% in FY26	Revenue growth: 7.51% FY2026-Q2; GAAP. Published target: 3.0% to 4.5% YoY revenue growth. Target period is not explicitly aligned with this observation. Source published Jul 29, 20267.512764 percent · calculatedSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 3, 2026 Source: company_financial_results. Reference: 8993ce16-d9f7-453c-aaed-ad53319681bf. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Core sales growth rose from 3.0%-4.0% guidance in 2026-Q1 to 4.2% actual in 2026-Q2, with full year 2026 guidance raised to 4.0%-4.5%. Management expects acceleration to 5%-6% in H2 2026, indicating delivery on growth targets. Delivery assessment Oct 15, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$4.80

$4.67 → $4.80 · observed estimates

FY2027 revenue$6.25B

$6.18B → $6.25B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$4.67	$6,181,078,770	18 / 17
2026-07-25	$4.67	$6,181,078,770	18 / 17
2026-07-26	$4.67	$6,181,078,770	18 / 17
2026-07-27	$4.67	$6,181,078,770	18 / 17
2026-07-28	$4.67	$6,181,078,770	18 / 17
2026-07-29	$4.68	$6,178,569,998	11 / 13
2026-07-30	$4.67	$6,181,078,770	18 / 17
2026-07-31	$4.75	$6,203,479,675	11 / 13
2026-08-01	$4.75	$6,203,479,675	11 / 13
2026-08-02	$4.75	$6,203,479,675	11 / 13
2026-08-03	$4.75	$6,203,479,675	11 / 13
2026-08-04	$4.76	$6,213,512,090	18 / 17
2026-08-05	$4.76	$6,213,512,090	18 / 17
2026-08-06	$4.76	$6,213,512,090	18 / 17
2026-08-08	$4.76	$6,210,604,675	11 / 13
2026-08-09	$4.77	$6,213,512,090	18 / 17
2026-08-10	$4.77	$6,213,512,090	18 / 17
2026-08-12	$4.76	$6,210,604,675	11 / 13
2026-08-13	$4.76	$6,210,604,675	11 / 13
2026-08-14	$4.76	$6,210,604,675	11 / 13
2026-08-15	$4.76	$6,210,604,675	11 / 13
2026-08-16	$4.76	$6,210,604,675	11 / 13
2026-08-17	$4.76	$6,210,604,675	11 / 13
2026-08-18	$4.76	$6,210,604,675	11 / 13
2026-08-19	$4.76	$6,210,604,675	11 / 13
2026-08-20	$4.79	$6,220,758,943	10 / 13
2026-08-21	$4.79	$6,220,758,943	10 / 12
2026-08-22	$4.79	$6,220,758,943	10 / 12
2026-08-23	$4.78	$6,225,568,011	9 / 11
2026-08-24	$4.78	$6,225,568,011	9 / 11
2026-08-25	$4.78	$6,225,568,011	9 / 11
2026-08-26	$4.78	$6,225,568,011	9 / 11
2026-08-27	$4.78	$6,225,568,011	9 / 11
2026-08-28	$4.78	$6,225,568,011	9 / 11
2026-08-29	$4.78	$6,225,568,011	9 / 11
2026-08-30	$4.78	$6,225,568,011	9 / 11
2026-08-31	$4.78	$6,225,568,011	9 / 11
2026-09-01	$4.78	$6,225,568,011	9 / 11
2026-09-02	$4.78	$6,225,568,011	9 / 11
2026-09-03	$4.78	$6,225,568,011	9 / 11
2026-09-04	$4.78	$6,225,568,011	8 / 10
2026-09-05	$4.78	$6,225,568,011	7 / 9
2026-09-06	$4.78	$6,225,568,011	7 / 9
2026-09-07	$4.78	$6,225,568,011	7 / 9
2026-09-08	$4.78	$6,225,568,011	7 / 9
2026-09-09	$4.78	$6,225,568,011	7 / 9
2026-09-10	$4.78	$6,225,568,011	7 / 9
2026-09-11	$4.78	$6,225,568,011	7 / 9
2026-09-12	$4.78	$6,225,568,011	7 / 9
2026-09-13	$4.78	$6,225,568,011	7 / 9
2026-09-14	$4.78	$6,225,568,011	7 / 9
2026-09-15	$4.78	$6,225,568,011	7 / 9
2026-09-16	$4.78	$6,225,568,011	8 / 9
2026-09-17	$4.78	$6,225,568,011	8 / 9
2026-09-18	$4.78	$6,225,568,011	8 / 9
2026-09-19	$4.78	$6,225,568,011	8 / 9
2026-09-20	$4.78	$6,225,568,011	8 / 9
2026-09-21	$4.78	$6,225,568,011	8 / 9
2026-09-22	$4.78	$6,225,568,011	8 / 9
2026-09-23	$4.78	$6,225,568,011	8 / 9
2026-09-24	$4.78	$6,225,568,011	8 / 9
2026-09-25	$4.78	$6,225,568,011	8 / 9
2026-09-26	$4.78	$6,225,568,011	8 / 9
2026-09-27	$4.78	$6,225,568,011	8 / 9
2026-09-28	$4.78	$6,225,568,011	8 / 9
2026-09-29	$4.78	$6,225,568,011	8 / 9
2026-09-30	$4.78	$6,225,568,011	8 / 9
2026-10-01	$4.79	$6,239,721,857	8 / 9
2026-10-02	$4.79	$6,239,721,857	8 / 9
2026-10-03	$4.79	$6,239,721,857	8 / 9
2026-10-04	$4.79	$6,239,721,857	8 / 9
2026-10-05	$4.79	$6,239,721,857	8 / 9
2026-10-06	$4.79	$6,261,543,788	8 / 10
2026-10-07	$4.79	$6,261,159,173	8 / 10
2026-10-08	$4.79	$6,261,159,173	8 / 10
2026-10-09	$4.79	$6,261,159,173	8 / 10
2026-10-10	$4.79	$6,261,159,173	8 / 10
2026-10-11	$4.79	$6,257,503,473	8 / 10
2026-10-12	$4.79	$6,257,503,473	8 / 10
2026-10-13	$4.80	$6,253,867,510	8 / 11
2026-10-14	$4.80	$6,253,867,510	8 / 11
2026-10-15	$4.80	$6,253,867,510	8 / 11

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	12	8
2026-06-01	12	7
2026-07-01	12	8
2026-08-01	11	8
2026-09-01	10	7
2026-10-01	11	6

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 11 Buy / Strong Buy · 6 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 16–Oct 15 · 1 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

UBSOct 5 · prior Jul 30

$104.00 → $106.00+1.9%

$0$58.30$116.60

1 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 16, 2026–Oct 15, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Increase adjusted EPS to $4.24 to $4.28 in 2026Direct metric needs a verified mapping
Maintain free cash flow conversion near 100% of GAAP net earningsDirect metric needs a verified mapping
Achieve core sales growth of 3.0% to 4.5% year-over-yearRevenue growth: 7.51%

Next proof point

Oct 27, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.8%Typical daily move · historical

Downside history

-21.4%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Veralto outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 10, 2026

What kind of bet this is

This investment represents a stable growth opportunity. VLTO is focusing on core sales growth and earnings per share while navigating a challenging sector backdrop.

What's priced into Veralto

The current valuation suggests that the market has a neutral outlook on VLTO. There is a slight expectation gap, indicating that the stock is priced reasonably compared to its peers.

What the fundamentals likely do

Management is on track to achieve its earnings and cash flow goals, with recent performance showing positive trends. However, there is a moderate risk of missing expectations, especially given the mixed results from industry peers.

What Veralto hinges on

The future performance of VLTO will depend on its ability to maintain growth momentum and the performance of sector bellwethers. Any guidance cuts or misses from these peers could negatively impact VLTO.

Bottom line

Overall, VLTO's fundamentals appear stable, but the company's success will depend on external factors and execution in the coming quarters. Not investment advice.

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$4.80

$4.67 → $4.80 · observed estimates

FY2027 revenue$6.25B

$6.18B → $6.25B · observed estimates

Exact estimates & source dates

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$4.67	$6,181,078,770	18 / 17
2026-07-25	$4.67	$6,181,078,770	18 / 17
2026-07-26	$4.67	$6,181,078,770	18 / 17
2026-07-27	$4.67	$6,181,078,770	18 / 17
2026-07-28	$4.67	$6,181,078,770	18 / 17
2026-07-29	$4.68	$6,178,569,998	11 / 13
2026-07-30	$4.67	$6,181,078,770	18 / 17
2026-07-31	$4.75	$6,203,479,675	11 / 13
2026-08-01	$4.75	$6,203,479,675	11 / 13
2026-08-02	$4.75	$6,203,479,675	11 / 13
2026-08-03	$4.75	$6,203,479,675	11 / 13
2026-08-04	$4.76	$6,213,512,090	18 / 17
2026-08-05	$4.76	$6,213,512,090	18 / 17
2026-08-06	$4.76	$6,213,512,090	18 / 17
2026-08-08	$4.76	$6,210,604,675	11 / 13
2026-08-09	$4.77	$6,213,512,090	18 / 17
2026-08-10	$4.77	$6,213,512,090	18 / 17
2026-08-12	$4.76	$6,210,604,675	11 / 13
2026-08-13	$4.76	$6,210,604,675	11 / 13
2026-08-14	$4.76	$6,210,604,675	11 / 13
2026-08-15	$4.76	$6,210,604,675	11 / 13
2026-08-16	$4.76	$6,210,604,675	11 / 13
2026-08-17	$4.76	$6,210,604,675	11 / 13
2026-08-18	$4.76	$6,210,604,675	11 / 13
2026-08-19	$4.76	$6,210,604,675	11 / 13
2026-08-20	$4.79	$6,220,758,943	10 / 13
2026-08-21	$4.79	$6,220,758,943	10 / 12
2026-08-22	$4.79	$6,220,758,943	10 / 12
2026-08-23	$4.78	$6,225,568,011	9 / 11
2026-08-24	$4.78	$6,225,568,011	9 / 11
2026-08-25	$4.78	$6,225,568,011	9 / 11
2026-08-26	$4.78	$6,225,568,011	9 / 11
2026-08-27	$4.78	$6,225,568,011	9 / 11
2026-08-28	$4.78	$6,225,568,011	9 / 11
2026-08-29	$4.78	$6,225,568,011	9 / 11
2026-08-30	$4.78	$6,225,568,011	9 / 11
2026-08-31	$4.78	$6,225,568,011	9 / 11
2026-09-01	$4.78	$6,225,568,011	9 / 11
2026-09-02	$4.78	$6,225,568,011	9 / 11
2026-09-03	$4.78	$6,225,568,011	9 / 11
2026-09-04	$4.78	$6,225,568,011	8 / 10
2026-09-05	$4.78	$6,225,568,011	7 / 9
2026-09-06	$4.78	$6,225,568,011	7 / 9
2026-09-07	$4.78	$6,225,568,011	7 / 9
2026-09-08	$4.78	$6,225,568,011	7 / 9
2026-09-09	$4.78	$6,225,568,011	7 / 9
2026-09-10	$4.78	$6,225,568,011	7 / 9
2026-09-11	$4.78	$6,225,568,011	7 / 9
2026-09-12	$4.78	$6,225,568,011	7 / 9
2026-09-13	$4.78	$6,225,568,011	7 / 9
2026-09-14	$4.78	$6,225,568,011	7 / 9
2026-09-15	$4.78	$6,225,568,011	7 / 9
2026-09-16	$4.78	$6,225,568,011	8 / 9
2026-09-17	$4.78	$6,225,568,011	8 / 9
2026-09-18	$4.78	$6,225,568,011	8 / 9
2026-09-19	$4.78	$6,225,568,011	8 / 9
2026-09-20	$4.78	$6,225,568,011	8 / 9
2026-09-21	$4.78	$6,225,568,011	8 / 9
2026-09-22	$4.78	$6,225,568,011	8 / 9
2026-09-23	$4.78	$6,225,568,011	8 / 9
2026-09-24	$4.78	$6,225,568,011	8 / 9
2026-09-25	$4.78	$6,225,568,011	8 / 9
2026-09-26	$4.78	$6,225,568,011	8 / 9
2026-09-27	$4.78	$6,225,568,011	8 / 9
2026-09-28	$4.78	$6,225,568,011	8 / 9
2026-09-29	$4.78	$6,225,568,011	8 / 9
2026-09-30	$4.78	$6,225,568,011	8 / 9
2026-10-01	$4.79	$6,239,721,857	8 / 9
2026-10-02	$4.79	$6,239,721,857	8 / 9
2026-10-03	$4.79	$6,239,721,857	8 / 9
2026-10-04	$4.79	$6,239,721,857	8 / 9
2026-10-05	$4.79	$6,239,721,857	8 / 9
2026-10-06	$4.79	$6,261,543,788	8 / 10
2026-10-07	$4.79	$6,261,159,173	8 / 10
2026-10-08	$4.79	$6,261,159,173	8 / 10
2026-10-09	$4.79	$6,261,159,173	8 / 10
2026-10-10	$4.79	$6,261,159,173	8 / 10
2026-10-11	$4.79	$6,257,503,473	8 / 10
2026-10-12	$4.79	$6,257,503,473	8 / 10
2026-10-13	$4.80	$6,253,867,510	8 / 11
2026-10-14	$4.80	$6,253,867,510	8 / 11
2026-10-15	$4.80	$6,253,867,510	8 / 11

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings