Roper Technologies, Inc.
Orin's own judgment of how firmly the evidence points one way — not the chance the price goes up.
Roper Technologies trades at a deep discount to peers on P/E (15.1x vs 33.3x median) and EV/EBITDA (11.1x vs 19.4x median), but the valuation is partly inflated by a one-time Q2 2026 net income jump to $1.17B against Q1 2026's $509M, and underlying trends are mixed.
Revenue growth is decelerating — Q2 2026 YoY revenue growth of 8.5% is down from 14.3% in Q3 2025 — FY2025 EPS declined 1.1% to $14.20, and total debt rose to $9.30B from $7.67B. Technicals are improving (RSI recovered to 44.3, MACD histogram turned positive at +1.32 as of 9 Oct) but the stock at $364.09 remains below both its 50-day ($388.50) and 200-day ($367.01) moving averages, so the downtrend is not yet broken. With Q3 2026 results scheduled for October 22, a hold is warranted until the tape confirms a reversal or fundamentals reaccelerate.
What could go wrong
- Earnings quality. Q2 2026 net income of $1.17B and EPS of $11.48 dwarf Q1 2026's $509M and $4.87, suggesting a one-time gain that may not repeat and distorts trailing multiples.
- Decelerating growth. Quarterly revenue YoY growth has slowed from 14.3% in Q3 2025 to 8.5% in Q2 2026, and FY2025 EPS declined 1.1% year-over-year.
- Rising leverage. Total debt increased to $9.30B in FY2025 from $7.67B in FY2024, reducing financial flexibility.
- Technical overhead. Stock at $364.09 sits below both the 50-day MA ($388.50) and 200-day MA ($367.01), with prior 52-week high of $521.28 indicating significant downside already occurred.
What would change my mind
Where this comes from: peer comparison · quarterly results · FY25 fundamentals · FY24 and FY25 fundamentals. Orin's read on ROP; not advice.
How has the share price moved?
Down 6.3% over twelve months, from $463.73 on 27 Oct 2025 to $434.48 at the Tue 27 Oct 2026 close. Its highest close in that time was $463.73 on 27 Oct 2025; the last close is 6.3% 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, 5.1M, on 27 Jan 2026).
- 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).
- Rose flags: large share sales by the company's own officers and directors, from the Form 4 each one files after trading.
On file
All ROP filings| Form | Filed | What it says | Read |
|---|---|---|---|
| 8-K | 22 Oct | — | on file |
| 8-K | 1 Oct | Roper Technologies, Inc. elected Abhijit Dubey to its Board of Directors effective October 1, 2026. | read |
| 13G/A | 14 Aug | — | on file |
| 13G | 13 Aug | — | on file |
| 8-K | 10 Aug | Roper Technologies, Inc. announced a temporary suspension of trading under its 401(k) plans, triggering Item 5.04 of Form 8-K. | read |
| 13G | 7 Aug | — | on file |
| 10-Q | 31 Jul | Roper Technologies reported net earnings of $1,168.5 million, or $11.62 per diluted share, for the three months ended June 30, 2026, a significant increase from $378.3 million, or… | read |
| 8-K | 23 Jul | Roper Technologies, Inc. reported its financial results for the quarter ended June 30, 2026, via a press release on July 23, 2026. | read |
Largest holders · 13F Q2 2026
Money flow| Filer | Position | Of fund |
|---|---|---|
| BlackRock | $3.3B | 0.0% |
| Windacre Partnership | $2.9B | 28.9% |
| Vanguard Capital Management | $2.2B | 0.0% |
| Vanguard Portfolio Management | $1.9B | 0.1% |
| State Street | $1.7B | 0.1% |
| Invesco | $1.4B | 0.1% |
| Geode Capital Management | $1.1B | 0.1% |
| Wellington Management Group | $890.3M | 0.2% |
| Norges Bank | $701.9M | 0.1% |
| Harris Associates | $668.1M | 0.9% |
93 of the 815 filers we track · quarter ended Q2 2026 · positions, not flows
Insiders, last 24 months: 76 Form 4 filings; open-market trades net −$20.2M. Of the 50 on hand, 4 were open-market purchases and 9 sales — the rest are grants, option exercises and tax withholding.
Ask Orin about ROP
Orin answers questions about ROP 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 17.2× its last 12 months of profit (Tue 27 Oct close) — lower than in all 5 of its last 5 fiscal years (middle 38.5×); the typical Industrials company on the NASDAQ is at 18.4×.
| Measure | Now | Its usual | Sector |
|---|---|---|---|
| P/E | 17.2×below usual | 38.5× | 18.4× |
| P/S | 5.09×below usual | 8.52× | — |
| EV/EBITDA | 11.9×below usual | 24.1× | — |
| P/B | 2.2×below usual | 3.0× | — |
- "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?
The analysts' average 12-month price target is $470 (from $355 to $540) — 8% above the Tue 27 Oct close price. That is their published opinion, not Orin's.
$470
$355 – $540 · +8% against the last close
- 8 buy or overweight
- 5 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 17.2× its last 12 months of profit; the middle P/E of the 7 companies it is compared to that made a profit is 32.7×.
| Company | Market value | P/E | EV/EBITDA | Gross margin | Net margin | ROE |
|---|---|---|---|---|---|---|
| ROPRoper Technologies, Inc. | $43B | 17.2× | 11.9× | 69.7% | 30.7% | 14% |
| AMEAMETEK, Inc. | $56B | 35.8× | 24.0× | 36.6% | 20.0% | 15% |
| FTVFortive Corporation | $19B | 35.8× | 18.3× | 63.2% | 12.4% | 9% |
| IEXIDEX Corporation | $17B | 32.3× | 19.3× | 44.9% | 14.6% | 13% |
| MTDMettler-Toledo International Inc. | $34B | 36.3× | 27.1× | 59.0% | 22.2% | n/m |
| NDSNNordson Corporation | $18B | 32.7× | 20.9× | 55.3% | 18.6% | 18% |
| SXIStandex International Corporation | $3B | 28.0× | 14.5× | 41.7% | 11.7% | 14% |
| TDYTeledyne Technologies Incorporated | $30B | 29.9× | 19.3× | 38.5% | 15.8% | 9% |
- MTD: return on equity is not meaningful (n/m) — book value is below zero.
- 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 17.2× 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.
- Now17.2×
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 NASDAQ were priced at a typical 18.4× their yearly profit (Tue 27 Oct close).
- Now18.4×
- 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 $956 a share — 120% above the $435.21 price it was computed against (27 Oct).
| Model | Value a share | Against the price then |
|---|---|---|
| Standard | $956 | 120% above $435.21 |
| Levered | $828 | 90% above $435.21 |
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.