Franklin Electric Adjusts Valuation Amid Declining Profits and Market Performance

Franklin Electric Co., Inc., a player in the industrial manufacturing sector, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the company's valuation grade, which has transitioned from fair to expensive.
Key financial metrics indicate that Franklin Electric's price-to-earnings (P/E) ratio stands at 21, while its price-to-book value is recorded at 3.04. The enterprise value to earnings before interest and taxes (EV/EBIT) ratio is noted at 16.20, and the EV to EBITDA ratio is 12.60. Additionally, the enterprise value to capital employed is 2.90, and the EV to sales ratio is 2.01.

The company has reported a dividend yield of 1.21%, with a return on capital employed (ROCE) of 17.88% and a return on equity (ROE) of 14.39%. Despite these metrics, Franklin Electric has experienced a decline in profits over the past year, alongside a return of 1.77%, which is notably lower than the broader market performance.

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