Obermatt

SPX

NYQ:SPXC · US78473E1038
MachineryLarge

360

70
EV / EBIT22
Price / Owner Earnings12
Owner Earnings Yield19
Dividend Yield1
Price/Sales29
EV / Gross Profit12
Price/Book31
Return on Capital49
Cash Return on Capital45
Return on Equity49
EBIT Margin59
Gross Profitability45
Cash Conversion69
Accruals7
Owner Earnings Margin67
Sales growth77
Profit Growth64
Long-Term EPS Growth89
Owner Earnings Growth30
Reinvestment80
Price momentum68
Debt load67
Refinancing25
Debt Payback52
Liquidity52
Analyst ratings83
Opinion Changes50
Price Target Upside57
Market mood81
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

SPX generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustryMachinery
SizeLarge
TypePublic Company
ExchangeNYSE
Employees606
Websitespx.com
ISINUS78473E1038
Last UpdateApr 2, 2026
Themes
HVAC ServicesIndustrial AutomationDetectors, Sensors and MemsHardwareHeating Ventilation and Air Conditioning HVACIndustrialManufacturing

Description

SPX Technologies, Inc. (SPX) operates as a diversified, global supplier of infrastructure equipment serving the HVAC, as well as detection and measurement markets. With operations in 16 countries and approximately 4,700 employees, the company offers…

Analysis

Hope premium

SPX Technologies, Inc. carries what we call a hope premium: an average business trading at an ambitious price.

The price is expensive. You pay 42.4× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 16% yearly growth; analysts expect 17%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is adequate. The company scores 14/20 on our value-creation score: strong value creator. Analysts lean positive.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
80
2023202420252026

All-time high

80

Jun 2026

All-time low

41

Jan 2023

Average rank

63

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
29
36
40
63
Price/Earnings
20
26
47
59
Price/Book
31
21
43
76
Dividend Yield
1
1
1
1
Value (overall)
12
10
24
57

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →