Teledyne Technologies Incorporated TDY
Teledyne's FY2025 results show genuine fundamental improvement — revenue grew 7.86% to $6.12B, operating margin expanded to 18.8%, EPS rose 9.7% to $18.88, and total debt declined to $2.64B from $2.79B — yet the stock has pulled back to $621.96 from prior levels near $674, trading below its 50-day MA of $647.35 with an RSI of 36.2 signaling oversold conditions. At a PE of 29.95 versus a peer median of 30.36 and EV/EBITDA of 19.23 versus 19.42, valuation is essentially in line with peers, making the post-pullback entry more attractive.
The risk/reward has improved sufficiently to upgrade from hold to buy, though gross margin compression to 39.2% from 42.9% and recent insider selling temper conviction.
What could go wrong
- Gross margin compression. FY2025 gross margin fell to 39.2% from 42.9% in FY2024, a meaningful contraction that could signal pricing pressure or mix shift; if it persists, operating leverage gains could reverse.
- Insider selling. Multiple insiders sold in August 2026, including Lorne Simon M selling shares at prices around $680 and Von Schack selling 468 shares at $686.63, despite the 24-month net insider position being modestly positive at 19,589 shares.
- P/S premium to peers. P/S of 4.52 is 37% above the peer median of 3.30, suggesting the stock carries a revenue multiple premium that could limit upside if growth decelerates.
- MACD deterioration. MACD line at -7.55 with signal at -1.14 and histogram at -6.41 indicates strong bearish momentum that has not yet reversed despite oversold RSI.
What would change my mind
Where this comes from: FMP FY2025 annual + derived_metrics · FMP FY2025 annual · derived_metrics FY2025 vs FY2024 · technicals as of 2026-08-28. Orin's read on TDY; not advice.
Twelve months actual closes to 2026-09-23 · actual filings
50-day average 200-day average · volume below
On file
All TDY filingsLargest holders · 13F Q2 2026
Money flow| Filer | Position | Of fund |
|---|---|---|
| Price T Rowe Associates /Md/ | $2.1B | 0.2% of fund |
| Vanguard Capital Management | $2.0B | 0.0% of fund |
| Vanguard Portfolio Management | $1.6B | 0.1% of fund |
| State Street | $1.5B | 0.0% of fund |
| Geode Capital Management | $877.6M | 0.0% of fund |
| Jpmorgan Chase & | $657.5M | 0.0% of fund |
91 filers · quarter ended Q2 2026 · positions, not flows
Insiders, last 24 months: 84 Form 4 filings, net $6.7M. Of the 50 on hand, 0 were open-market purchases and 11 sales— the rest are grants, option exercises and tax withholding.
Ask Orin about TDY
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Start 3 free days →Where it trades
| Metric | Now | Own median | Sector |
|---|---|---|---|
| P/E | 29.9× | 26.5× | 53.3× |
| EV/EBITDA | 19.2× | 18.0× | — |
| P/S | 4.52× | 3.83× | — |
| P/B | 2.7× | 2.3× | — |
Its P/E sits 80th percentile of its own last 5 years (+0.16σ from its own mean).
11.7%
free-cash-flow growth every year for 10 years, discounted at 10%, is what today’s price implies — starting from $1.1B of trailing free cash flow. It is an assumption the market is making, not a forecast Orin is making.
What Wall Street published
$698
$465 – $830 · +12% against today's price
- 12 buy or overweight
- 4 hold
- 2 underweight or sell
The analysts’ consensus and their own ratings, not Orin’s. A target is a twelve-month opinion published by the firm that wrote it.
Against the companies it is compared to
| Company | Market cap | P/E | EV/EBITDA | Gross | Net | ROE |
|---|---|---|---|---|---|---|
| TDYTeledyne Technologies Incorporated | $29B | 29.9× | 19.2× | 39.0% | 15.3% | 9% |
| BRBroadridge Financial Solutions, Inc. | $19B | 16.9× | 11.6× | 31.8% | 15.0% | 40% |
| COHRCoherent, Inc. | $59B | 69.1× | 39.2× | 37.5% | 11.3% | 8% |
| FLEXFlex Ltd. | $41B | 43.4× | 23.4× | 9.5% | 3.3% | 19% |
| FTVFortive Corporation | $17B | 32.7× | 18.8× | 63.2% | 12.4% | 9% |
| HPQHP Inc. | $29B | 12.1× | 9.5× | 19.8% | 4.1% | -727% |
| JBLJabil Inc. | $32B | 38.1× | 16.4× | 9.2% | 2.6% | 62% |
| LDOSLeidos Holdings, Inc. | $16B | 11.5× | 9.4× | 17.4% | 7.9% | 28% |
| NTAPNetApp, Inc. | $39B | 27.3× | 18.4× | 70.6% | 19.2% | 114% |
| TRMBTrimble Inc. | $14B | — | 57.3× | 68.4% | -2.8% | -2% |
| VRSNVeriSign, Inc. | $27B | 31.8× | 23.3× | 88.5% | 49.8% | -39% |
The median is of the 9 peers listed above and nothing else — check it against the column. This company trades 5.9% below it. The peer set is the vendor’s, so a company can appear here that a person would not have chosen.
What it has traded at
What its sector has traded at
Two scales, drawn separately on purpose: a sector median and one company’s multiple are not the same number and putting them on one axis invites a comparison neither series supports.
Discounted cash flow
| Model | Fair value | Against | Computed |
|---|---|---|---|
| Standard DCF | $543 | $611.38 · −11% | 2026-06-10 |
| Levered DCF | $549 | $611.38 · −10% | 2026-06-10 |
The vendor’s intrinsic-value models. Treat them as a low-growth anchor — for a fast grower the market routinely pays well above a DCF. These were computed against the price in the “against” column, not today’s.
Every estimate on one scale
The vertical rule is the current price. Ranges and point estimates are the backend’s, published as they were calculated; an arrow means the estimate sits beyond this scale, and its number is on the right.