Enerpac Tool Group Corp.
Orin's own judgment of how firmly the evidence points one way — not the chance the price goes up.
Enerpac's operating margin expansion from 5.4% in FY2022 to 22.6% in FY2025 is a genuine turnaround, and Q3 FY2026 (ended 31 May) confirmed continued momentum with 5.6% revenue growth and an EPS beat of $0.60 vs. $0.49 consensus.
However, the stock trades below both its 50-day ($36.32) and 200-day ($36.91) moving averages at $34.91, insiders are net sellers with zero open-market acquisitions over 24 months, and the PS ratio of 2.84x sits at a 92.5% premium to the peer median of 1.47x. The November 4 Investor Day and a planned acquisition expanding into power generation, defense, semiconductors, and data centers are near-term catalysts, but the mixed technical and insider signals warrant waiting for confirmation before adding.
What could go wrong
- Valuation premium on revenue. PS ratio of 2.84x is a 92.5% premium to the peer median of 1.47x, limiting upside if revenue growth remains mid-single-digit.
- Insider selling. Over 24 months, insiders recorded 0 open-market acquisitions and net dispositions of 14,722 shares worth $578,834, with recent activity including option exercises and same-day sales at $34.35.
- Technical weakness. Stock at $34.91 is below both MA50 ($36.32) and MA200 ($36.91), with RSI at 41.9 and a slightly negative MACD histogram.
- Modest revenue growth. FY2025 revenue growth was 4.7% and Q1 FY2026 showed a 0.7% YoY revenue decline, suggesting demand is not uniformly accelerating.
What would change my mind
Where this comes from: FY22 and FY25 fundamentals · Q3 FY26 results and earnings vs estimates · technicals, 8 Oct · peer comparison. Orin's read on EPAC; not advice.
How has the share price moved?
Down 15.4% over twelve months, from $41.81 on 27 Oct 2025 to $35.36 at the Tue 27 Oct 2026 close. Its highest close in that time was $43.02 on 11 Feb 2026; the last close is 17.8% below it.
- Green line: the closing price each trading day.
- Grey line: the average closing price over the last 50 trading days.
- Dashed amber line: the same over the last 200 trading days — a slower, smoother line.
- Bars along the bottom: shares traded each day — green when it closed higher than the day before, rose when lower (the most, 1.9M, on 19 Dec 2025).
- Flags: the company's filings, on the day they were made (a 10-Q is the quarterly report and a 10-K the annual report; an 8-K reports a major event).
On file
All EPAC filingsLargest holders · 13F Q2 2026
Money flow| Filer | Position | Of fund |
|---|---|---|
| BlackRock | $298.3M | 0.0% |
| Vanguard Portfolio Management | $107.6M | 0.0% |
| Vanguard Capital Management | $83.0M | 0.0% |
| State Street | $82.2M | 0.0% |
| Geode Capital Management | $47.0M | 0.0% |
| D. E. Shaw | $32.1M | 0.0% |
| Brown Advisory | $26.7M | 0.0% |
| Charles Schwab Investment Management | $21.5M | 0.0% |
| Northern Trust | $20.0M | 0.0% |
| Morgan Stanley | $18.1M | 0.0% |
55 of the 815 filers we track · quarter ended Q2 2026 · positions, not flows
Insiders, last 24 months: 102 Form 4 filings; open-market trades net −$493K. Of the 50 on hand, 0 were open-market purchases and 2 sales — the rest are grants, option exercises and tax withholding.
Ask Orin about EPAC
Orin answers questions about EPAC from its filings, transcripts and numbers — with the source behind every claim. Your own desk starts with 3 free days, card required.
Start 3 free days →How is it priced, against its own past and its sector?
Priced at 19.9× its last 12 months of profit (Tue 27 Oct close) — lower than in all 5 of its last 5 fiscal years (middle 32.0×); the typical Industrials company on the NYSE is at 33.7×.
| Measure | Now | Its usual | Sector |
|---|---|---|---|
| P/E | 19.9×below usual | 32.0× | 33.7× |
| P/S | 2.87×near usual | 2.86× | — |
| EV/EBITDA | 12.6×below usual | 17.4× | — |
| P/B | 4.3×below usual | 4.5× | — |
- "Its usual" is the middle of its own last 5 fiscal years.
P/E: the share price divided by one year of profit per share — roughly how many years of today's profit the price pays for. A company that loses money has no P/E.
P/S: the company's total market value divided by one year of revenue. Used when there is no profit to measure.
EV/EBITDA: the price of the whole company (its shares plus its debt, minus its cash) divided by one year of operating profit before interest, tax and write-downs.
P/B: the share price divided by the book value per share — what the company owns minus what it owes, as its accounts record it. When book value is tiny, P/B swings wildly and says little.
What do the analysts who cover it publish?
Few analysts publish on it: 19 firms have ever rated it. Every 12-month price target on file is $50 (the low and the high are the same, so it may be a single analyst's) — 41% above the Tue 27 Oct close price. With so few, it is not a consensus; it is their published opinion, not Orin's.
$50
$50 – $50 · +41% against the last close
- 2 buy or overweight
- 15 hold
- 2 underweight or sell
Price target: the share price an analyst publishes for about 12 months ahead. It is the opinion of the firm that wrote it; the average is across the firms that cover the company.
Overweight / underweight: analysts' rating words: overweight means the firm expects the stock to do better than the others it covers, underweight worse. Their words, not Orin's.
How is it priced next to the companies it is compared to?
Priced at 19.9× its last 12 months of profit; the middle P/E of the 4 companies it is compared to that made a profit is 23.1×.
| Company | Market value | P/E | EV/EBITDA | Gross margin | Net margin | ROE |
|---|---|---|---|---|---|---|
| EPACEnerpac Tool Group Corp. | $2B | 19.9× | 12.6× | 49.0% | 14.7% | 22% |
| ATKRAtkore Inc. | $3B | lost money | n/m | 19.6% | −5.5% | −12% |
| DXPEDXP Enterprises, Inc. | $2B | 21.0× | 8.2× | 31.6% | 4.4% | 19% |
| HLIOHelios Technologies, Inc. | $2B | 25.1× | 12.3× | 32.7% | 8.7% | 8% |
| HUBGHub Group, Inc. | $2B | 30.5× | 11.9× | 43.6% | 2.9% | 3% |
| PSIXPower Solutions International, Inc. | $827M | 11.8× | 8.1× | 36.4% | 14.9% | 35% |
| XMTRXometry, Inc. | $5B | lost money | n/m | 38.7% | −3.8% | −9% |
- ATKR, XMTR: lost money over the last 12 months, so no P/E.
- ATKR, XMTR: EV/EBITDA is not meaningful (n/m) — its cash exceeds its market value plus debt, or the business lost money before depreciation.
- The list of companies is the data vendor's choice, so it can include a company a person would not have picked.
Market value: the share price times the number of shares — what the whole company is priced at.
P/E: the share price divided by one year of profit per share — roughly how many years of today's profit the price pays for. A company that loses money has no P/E.
EV/EBITDA: the price of the whole company (its shares plus its debt, minus its cash) divided by one year of operating profit before interest, tax and write-downs.
Gross margin: the share of each $1 of sales left after the direct cost of making what was sold.
Net margin: the share of each $1 of sales kept as profit after every cost. Below zero, the company lost money.
ROE: return on equity: one year of profit as a share of the shareholders' money in the business (its book value).
Is it priced high or low compared with its own past?
Priced at 19.9× its last 12 months of profit (Tue 27 Oct close). It has no full fiscal year on file since its history starts, so there is nothing of its own to compare with.
- Now19.9×
P/E: the share price divided by one year of profit per share — roughly how many years of today's profit the price pays for. A company that loses money has no P/E.
Fiscal year (FY): the company's own 12-month accounting year, which need not match the calendar year.
How has its sector been priced?
Industrials companies on the NYSE were priced at a typical 33.7× their yearly profit (Tue 27 Oct close).
- Now33.7×
- Each year is the middle of that calendar year's daily sector P/E; "Now" is the Tue 27 Oct close figure, the same one in the table above.
Sector P/E: the middle P/E of the companies in the same sector on the same stock exchange, as the data vendor works it out each day.
What does a cash-flow model say a share is worth?
A standard cash-flow model puts it at $72 a share — 102% above the $35.50 price it was computed against (27 Oct).
| Model | Value a share | Against the price then |
|---|---|---|
| Standard | $72 | 102% above $35.50 |
| Levered | $63 | 76% above $35.50 |
Discounted cash flow: a model's estimate of what the company is worth today, from the cash it is forecast to make in future years. Small changes in the forecast move it a lot, and it says little about a company that loses money.
Standard / levered: two versions of the cash-flow model: the standard one counts the cash before the company pays its lenders, the levered one after.