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Trimble Inc. — Intrinsic Value & Fair Price

TRMB
NASDAQTechnologyHardware, Equipment & PartsCIK 0000864749trimble.comAbout TRMB
Last close · Oct 16, 202659.46−1.51 (−2.48%)
Market cap$13.9B
Model value · DCF · Perpetuity growth · 5y
38.25
Trimble closed at $59.46 — overvalued by 55% vs model.
25.91the model's range70.65

DCF · Perpetuity growth · 5y leads for mature & stable — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
9.52 – 91.77
Wall St. target
80.00 26% below
Above model, 1y
17 of 20 days

Price and model value

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What the marks mean
Daily close

Research on TRMB

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How it is valued

Valued asMature & Stable
Revenue declining (~-3% recent)Moderate margins (12% net margin)Highly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2026
P/E
33.8×
EV / EBITDA
19.6×
FCF yield
0.9%
Dividend yield, TTM
0.00%
Beta
1.34
Cost of capital (WACC)
9.66%
Full financials

Superinvestors

13F

None of the tracked managers reported a position in their latest 13F.

All 0 holders

Analyst actions

third-party, quoted
08-19Barclays · target80.00
08-13Bernstein · target73.00
07-14Wells Fargo · target61.00
12-16Keybanc · “Overweight” from “Sector Weight”upgrade
Ratings, targets and estimates

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just TRMB. No account.

About Trimble

Trimble Inc. develops and supplies technology solutions globally, empowering professionals and field workers to significantly improve or revolutionize their operational workflows. Through its Buildings and Infrastructure segment, the company delivers a comprehensive array of digital tools for the construction sector. This includes software for route planning, 3D design, and data exchange, along with systems for guiding construction machinery and for monitoring and managing assets, personnel, and equipment. The segment also offers advanced Building Information Modeling (BIM), Enterprise Resource Planning (ERP), and project management platforms. Furthermore, it provides integrated solutions for site layout, measurement, cost estimation, scheduling, and project control, alongside specialized applications tailored for subcontractors and various trades. The Geospatial segment focuses on advanced surveying products, geographic information systems (GIS), and related geospatial technologies. For the Resources and Utilities sector, Trimble provides precision agriculture products and services. These encompass sophisticated guidance and positioning systems, autonomous steering capabilities, and automated, variable-rate application technologies. The offerings also include manual and automated navigation for farm equipment, solutions for automating pesticide and seeding processes, water management systems, and agricultural software designed for data and operational insights. Finally, the Transportation segment caters to the long-haul trucking and freight shipping industries. Its offerings span comprehensive mobility solutions such as route optimization, safety and compliance tools, end-to-end vehicle management, video intelligence, and supply chain communication platforms. Additionally, it delivers advanced fleet and transportation management systems, powerful analytics, mapping, reporting, and predictive modeling capabilities. Initially known as Trimble Navigation Limited, the company adopted its current name, Trimble Inc., in October 2016. Established in 1978, it maintains its headquarters in Sunnyvale, California.

CEO
Robert G. Painter
Headquarters
Westminster, CO
Employees
11,500
IPO
1990-07-20
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.