Is Teledyne Technologies, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Teledyne Technologies, Inc. moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 27, an EV to EBITDA of 19.66, and a Price to Book Value of 2.39. In comparison, a peer, Northrop Grumman, has a P/E of 29.71, indicating that Teledyne's valuation is competitive within its industry.
Despite the recent valuation adjustment, Teledyne's stock has underperformed against the S&P 500 over various periods, with a 1-year return of 12.30% compared to the S&P 500's 19.89%. This suggests that while the company is fairly valued, its recent performance may not fully reflect its potential relative to broader market trends.