---
title: Amphenol (APH) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/aph
ticker: APH
as_of: 2026-10-17
sector: Technology
industry: Hardware, Equipment & Parts
---
# Amphenol (APH)

Amphenol (APH) closed at $79.35 on Oct 16, 2026, overvalued by 66% vs its model value of $47.77 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $79.35 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $47.77 |
| Price vs model | overvalued by 66% vs model |
| Range of that model | $31.67 – $96.52 |
| Market value | $195.7B |
| P/E (fiscal 2025) | 47.5 |
| Net margin (fiscal 2025) | 18.5% |
| Free cash flow (fiscal 2025) | $4.4B |
| Dividend yield (trailing twelve months) | 0.95% |
| Beta | 1.24 |
| Cost of capital (WACC) | 9.45% |
| Business classification | Profitable Growth (High revenue growth (~36% recent), Moderate margins (18% net margin), Moderately volatile earnings) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 0.95% |
| Dividends per share, last 12 months | $0.75 |
| Dividends / free cash flow (fiscal 2025) | 18.3% |
| Raised | 8 years in a row |
| Growth over 5 years | 38.9% a year |
| Latest payment | $0.125, ex-date Sep 22, 2026, paid Oct 14, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 20, 2021 | $0.15 |
| To Sep 19, 2022 | $0.20 |
| To Sep 18, 2023 | $0.21 |
| To Sep 17, 2024 | $0.25 |
| To Sep 16, 2025 | $0.66 |
| Trailing twelve months (to Sep 22, 2026) | $0.75 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $47.77 | $31.67 | $96.52 |
| DCF · Perpetuity growth · 10y | cross check | $53.46 | $36.23 | $104.86 |
| DCF · EBITDA exit · 5y | cross check | $93.62 | $72.39 | $118.41 |
| DCF · EBITDA exit · 10y | cross check | $92.67 | $68.11 | $124.86 |
| P/E · peers | cross check | $95.67 | $72.62 | $118.72 |
| P/E · own history | cross check | $79.38 | $62.78 | $97.10 |
| PEG | sanity check | $60.01 | $60.01 | $60.01 |
| EV/EBITDA · peers | cross check | $86.27 | $71.99 | $100.55 |
| EV/Revenue · peers | cross check | $66.77 | $52.14 | $81.40 |
| Earnings power value | cross check | $11.26 | $9.48 | $13.70 |
| Dividend discount | cross check | $19.44 | $13.50 | $28.73 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 7 open-market sales ($180.4M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 6, 2026 | Lampo Craig A | EVP& CFO | Bona fide gift | 54,547 | $0 |
| Aug 5, 2026 | Silverman David M | EVP, Human Resources | Option/RSU exercise | 120,000 | $2.6M |
| Aug 5, 2026 | Silverman David M | EVP, Human Resources | Open-market sell | 120,000 | $20.9M |
| Aug 5, 2026 | Silverman David M | EVP, Human Resources | Option/RSU exercise | 120,000 | $0 |
| Aug 4, 2026 | Lampo Craig A | EVP& CFO | Option/RSU exercise | 193,200 | $4.3M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 6, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/820313/000110465926114035/tm2627036d1_8k.htm |
| Sep 4, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/820313/000110465926105485/tm2624775d1_8k.htm |
| Aug 6, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/820313/000110465926091969/tm2622441d1_8k.htm |
| Jul 31, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/820313/000110465926089194/aph-20260630x10q.htm |
| Jul 29, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/820313/000110465926087904/aph-20260729x8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| John Armitage | 2026-06-30 | 4,866,688 | $858.1M |
| Bridgewater | 2026-06-30 | 697,612 | $123.0M |
| Jensen | 2026-06-30 | 614,660 | $108.4M |
| Torray | 2026-06-30 | 59,235 | $10.4M |

8 tracked managers in all.

## About

Amphenol Corporation, alongside its numerous subsidiaries, operates globally as a prominent designer, manufacturer, and distributor of electrical, electronic, and fiber optic connectors. Its market reach extends across the United States, China, and various international territories. The company is organized into three primary operational divisions: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems. Amphenol's comprehensive product lineup features an extensive array of connectors and integrated connector systems. These include specialized interconnects engineered for demanding conditions (covering data, power, high-speed, fiber optic, and radio frequency applications), in addition to busbars and complete power distribution systems. Beyond these core offerings, the company provides value-added products such as backplane interconnect systems, bespoke…

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Source: https://sweetvaluelab.com/stocks/aph (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.