---
title: Veralto (VLTO) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/vlto
ticker: VLTO
as_of: 2026-10-17
sector: Industrials
industry: Industrial - Pollution & Treatment Controls
---
# Veralto (VLTO)

Veralto (VLTO) closed at $101.04 on Oct 16, 2026, overvalued by 20% vs its model value of $83.88 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $101.04 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $83.88 |
| Price vs model | overvalued by 20% vs model |
| Range of that model | $54.31 – $195.07 |
| Market value | $24.6B |
| P/E (fiscal 2025) | 26.9 |
| Net margin (fiscal 2025) | 17.1% |
| Free cash flow (fiscal 2025) | $1.0B |
| Dividend yield (trailing twelve months) | 0.51% |
| Beta | 0.77 |
| Cost of capital (WACC) | 8.16% |
| Business classification | Mature & Stable (Low/slowing growth (~5% recent), Moderate margins (17% net margin), Highly cyclical earnings) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 0.51% |
| Dividends per share, last 12 months | $0.52 |
| Dividends / free cash flow (fiscal 2025) | 10.7% |
| Raised | 2+ years in a row |
| Growth over 2 years | 20.2% a year |
| Latest payment | $0.13, ex-date Sep 30, 2026, paid Oct 30, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 27, 2024 | $0.36 |
| To Sep 30, 2025 | $0.44 |
| Trailing twelve months (to Sep 30, 2026) | $0.52 |

## 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 | $83.88 | $54.31 | $195.07 |
| DCF · Perpetuity growth · 10y | cross check | $88.77 | $58.99 | $198.96 |
| DCF · EBITDA exit · 5y | cross check | $96.61 | $70.74 | $127.03 |
| DCF · EBITDA exit · 10y | cross check | $99.41 | $71.53 | $136.42 |
| P/E · peers | cross check | $142.68 | $127.40 | $156.96 |
| P/E · own history | cross check | $116.24 | $100.47 | $124.29 |
| PEG | sanity check | $43.34 | $43.34 | $43.34 |
| EV/EBITDA · peers | cross check | $101.91 | $90.52 | $117.47 |
| EV/Revenue · peers | cross check | $83.83 | $77.46 | $118.41 |
| Earnings power value | cross check | $45.60 | $38.13 | $56.45 |
| Dividend discount | cross check | $14.00 | $9.39 | $22.12 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 2 open-market sales ($816,178.7); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 17, 2026 | Trivedi Surekha | SVP, Strategy & Sustainability | Open-market sell (10b5-1 plan) | 986 | $95,691.3 |
| Jul 29, 2026 | Honeycutt Jennifer | President and CEO | Option/RSU exercise (10b5-1 plan) | 7,097 | $204,109.7 |
| Jul 29, 2026 | Honeycutt Jennifer | President and CEO | Open-market sell (10b5-1 plan) | 7,097 | $720,487.4 |
| Jul 29, 2026 | Honeycutt Jennifer | President and CEO | Option/RSU exercise (10b5-1 plan) | 7,097 | $0 |
| Jul 24, 2026 | Williams Thomas | Director | Grant / award | 183 | $16,839.7 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Jul 29, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1967680/000196768026000044/vlto-20260703.htm |
| Jul 28, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1967680/000196768026000043/vlto-20260728.htm |
| Jun 1, 2026 | 8-K | 1.01 Entry into a Material Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1967680/000196768026000034/vlto-20260527.htm |
| May 28, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1967680/000114036126023150/ny20073596x4_424b5.htm |
| May 27, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1967680/000114036126022934/ny20073596x1_424b5.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Gates | 2026-06-30 | 124,333 | $11.0M |
| Wallace Weitz | 2026-06-30 | 77,500 | $6.9M |
| Bridgewater | 2026-06-30 | 42,120 | $3.7M |

3 tracked managers in all.

## About

Veralto Corporation is a global provider specializing in critical solutions across water quality management, brand protection, and packaging aesthetics. Its operations are structured into two primary divisions: Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment delivers advanced instrumentation and treatment technologies designed for the precise measurement, analysis, and purification of water. These solutions cater to a broad spectrum of applications, from residential and commercial settings to municipal systems, industrial processes, research facilities, and natural environments. Esteemed brands like Hach, Trojan Technologies, and ChemTreat fall under this segment, which also supplies essential chemical reagents, support services, and digital tools for comprehensive water management. The PQI segment focuses on enhancing product integrity and brand appeal. It prov…

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Source: https://sweetvaluelab.com/stocks/vlto (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.