Teledyne Technologies Inc. (TDY) intrinsic value & 10-year financials

Teledyne Technologies Inc. (TDY) has a Graham intrinsic value of $621.57 per share. At $618.60 on Oct 17, 2026, the stock trades 0% below that value. Over the last 10 fiscal years revenue grew 21.4% a year to $6.1B, with an average return on invested capital of 10.1%.

Graham intrinsic value
$621.57
Share price (Oct 17, 2026)
$618.60
Price vs Graham value
0% below
Market cap
$29.3B
Revenue (FY2025)
$6.1B
Revenue growth (10-yr CAGR)
21.4%
ROIC (10-yr avg)
10.1%
Free cash flow (FY2025)
$1.1B

TDY 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $6.1B $894.8M $18.88 $1.1B 18.8% 7.7%
FY2024 $5.7B $819.2M $17.21 $1.1B 17.4% 7.4%
FY2023 $5.5B $788.6M $16.53 $394.2M 17.8% 7.4%
FY2022 $4.6B $445.3M $10.05 $723.0M 13.5% 7.0%
FY2021 $3.1B $401.9M $10.62 $547.5M 15.6% 11.8%
FY2019 $3.2B $402.3M $10.73 $393.7M 15.5% 13.5%
FY2018 $2.9B $333.8M $9.01 $360.1M 14.4% 12.5%
FY2017 $2.6B $227.2M $6.26 $316.2M 12.9% 10.7%
FY2016 $1.0B $195.8M $5.44 $163.2M 27.6% 10.9%
FY2014 $1.1B $217.7M $5.75 $244.4M 27.5% 11.8%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Teledyne Technologies is a consistent compounder, expanding top-line revenue at 21.4% annually over the past decade.

Teledyne Technologies returns on capital have been average, hovering around 10.1% ROIC over the decade.

Over the decade, Teledyne Technologies shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Teledyne Technologies is modeled at 14.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $621.57 per share.

TDY stock: frequently asked questions

What is the intrinsic value of Teledyne Technologies Inc. (TDY) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 14.8% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, TDY's intrinsic value is about $621.57 per share.

Is TDY stock undervalued?

At $618.60 (close on Oct 17, 2026), TDY trades 0% below its Graham value of $621.57. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Teledyne Technologies Inc. grown?

Revenue went from $1.1B in fiscal 2014 to $6.1B in fiscal 2025, a compound annual growth rate of 21.4%. Net income was $894.8M in fiscal 2025.

Does Teledyne Technologies Inc. generate free cash flow?

Teledyne Technologies Inc. generated $1.1B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is TDY's return on invested capital?

Average ROIC over the last 10 fiscal years was 10.1%, and average return on equity was 12.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TDY data come from?

From Teledyne Technologies Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 24, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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