One-glance verdict
Overvalued
$56.09 our estimate vs market $157.88
Wall Street consensus: $206.67 (268.5% higher than our fair-value estimate)
181% above our estimate, beyond the bull case
Fundamentals snapshot
nVent Electric plc
NVT · NYQ · Industrials · Electrical Equipment & Parts
Current price
$157.88
52-week range
$93.22 - $184.64
Market cap
$25.55B
Balance sheet
Watch
8.22x Adequate
Net debt $1.38B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
3 Risks
3 rewards · 3 risks
- Reward Revenue grew 24.2% last year.
- Reward Returns 15.7% on equity, ahead of 16% of its peers.
- Risk Stock trades 90.8% above its 5-year average P/E.
- Risk Net debt grew 68.1% over 3 years.
What this company does
nVent Electric plc
nVent Electric makes the essential but often unseen electrical parts, like protective enclosures and connectors, that keep power flowing safely to important equipment. The company generates revenue (the total money brought in from sales) by selling these crucial components to contractors and distributors for use in data centers, industrial factories, and large infrastructure projects. This matters because as the world relies more on electricity and data, there is a growing need for the specialized products that nVent provides to protect and connect these systems.
How the company got here
nVent's roots trace back over a century through its collection of well-known brands in the electrical industry. The modern company, however, was formed in 2018 when it was spun off from a larger industrial company, Pentair, to become its own publicly traded entity. Since becoming independent, nVent has focused on growing its core electrical business through acquisitions (buying other companies to expand its product lines and reach). A major recent step was selling its Thermal Management business to concentrate more on products for electrical connection and protection.
What it actually does
nVent makes the essential, often unseen, products that connect and protect electrical systems. Think of the metal boxes (enclosures) that house sensitive electronics in a factory or a data center, and the fasteners and clips that hold electrical wires and cables in place inside the walls of a building. These components are critical for everything from large industrial plants and the electric power grid to commercial buildings and data centers that power the internet. The company sells its products under established brand names like CADDY for fastening, ERICO for grounding, and HOFFMAN for enclosures.
Systems Protection
This is nVent's largest business segment, making up about two-thirds of its sales. It primarily sells enclosures, which are cabinets and boxes that protect sensitive electrical and electronic equipment from the surrounding environment, like dust or water, and keep people safe from electrical hazards. Customers for these products include manufacturers who need to protect control systems in their factories, and operators of data centers (the buildings that house the computers for the internet) who need to protect servers and networking gear. This segment also provides solutions for cooling this critical equipment.
Electrical Connections
This part of the company, which accounts for the other third of its revenue, focuses on products that connect and fasten electrical systems. This includes things like grounding and bonding products that protect against power surges, as well as the fasteners, hangers, and supports that electricians use to safely run wires and cables through buildings. The customers are typically electrical contractors, utility companies, and electricians who use these parts in construction, infrastructure projects, and maintaining the power grid.
What management is betting on now
The company's leadership is focusing on major trends like electrification (the world using more electricity), digitalization (the growth of data and online services), and sustainability. A huge priority is providing solutions for data centers, especially as the demand for artificial intelligence (AI) grows, and for power utilities that are upgrading the electrical grid. They are also investing in developing new products and expanding their manufacturing capacity to meet this expected demand. The strategy is to become a more focused, higher-growth company centered on its core electrical connection and protection businesses.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$184.80M
FY2024 Q4
$198.10M
FY2025 Q1
$39.10M
FY2025 Q2
$-33.80M
FY2025 Q3
$200.90M
FY2025 Q4
$165.70M
FY2026 Q1
$49.10M
FY2026 Q2
$162.00M
Revenue
$1.47B
Net income
$215.90M
Diluted EPS
1.32
Operating cash flow
$183.50M
Free cash flow
$162.00M
Fetching…
Sources
Revenue
$1.24B
Net income
$142.40M
Diluted EPS
0.87
Operating cash flow
$85.20M
Free cash flow
$49.10M
Fetching…
Sources
Revenue
$1.07B
Net income
$118.80M
Diluted EPS
0.74
Operating cash flow
$202.40M
Free cash flow
$165.70M
Fetching…
Sources
Revenue
$1.05B
Net income
$121.20M
Diluted EPS
0.74
Operating cash flow
$219.50M
Free cash flow
$200.90M
Fetching…
Sources
Revenue
$963.10M
Net income
$109.50M
Diluted EPS
0.67
Operating cash flow
$-16.90M
Free cash flow
$-33.80M
Fetching…
Sources
Revenue
$809.30M
Net income
$360.70M
Diluted EPS
2.16
Operating cash flow
$60.20M
Free cash flow
$39.10M
Fetching…
Sources
Revenue
$469.20M
Net income
$10.70M
Diluted EPS
0.07
Operating cash flow
$224.60M
Free cash flow
$198.10M
Fetching…
Sources
Revenue
$782.00M
Net income
$105.00M
Diluted EPS
0.62
Operating cash flow
$197.70M
Free cash flow
$184.80M
Fetching…
Sources
Is it cheap or expensive?
Fair value $56.09 vs current price $157.88
Wall Street consensus is the average analyst price target: $206.67 (268.5% higher than our fair-value estimate).
Our most-likely fair value is $56.09 a share — about 64.5% below today's price of $157.88, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Watch
Net debt $1.4B. Interest coverage 8.2x.
Net debt
$1.38B
Interest coverage
8.22x
nVent Electric plc's profit covers its interest bill about 8.2 times over. which is stronger than most peers shown here.
Watch
Worse cushion
Baseline
Better cushion
NVT
BASELINE
nVent Electric plc
Total debt $1.63B Interest coverage 8.22x This is the baseline the peer rows are being compared against.
Total debt $5.56B Interest coverage 18.86x +129% vs NVT Carries about 2.3x more debt cushion than NVT.
Total debt $3.34B Interest coverage 22.02x +168% vs NVT Carries about 2.7x more debt cushion than NVT.
Total debt $1.76B Interest coverage 13.41x +63% vs NVT Carries about 1.6x more debt cushion than NVT.
Total debt $1.34B Interest coverage 6.81x -17% vs NVT Carries about 1.2x less debt cushion than NVT.
Total debt $913.52M Interest coverage 7.14x -13% vs NVT Has roughly the same debt cushion as NVT.
What you should know
The case for and against NVT
3 Rewards
3 Risks
Rewards
-
Revenue grew 24.2% last year.
-
Returns 15.7% on equity, ahead of 16% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Stock trades 90.8% above its 5-year average P/E.
-
Net debt grew 68.1% over 3 years.
-
Insider ownership is only 0.8% (peer median: 1.0%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
43.86x
Forward P/E
24.44x
P/B
6.41x
P/S
5.29x
EV/EBITDA
24.65x
PEG ratio
0.93x
Profitability
How much profit each dollar creates
Gross margin
36.5%
Operating margin
18.8%
Net margin
12.4%
ROE
15.7%
ROA
7.4%
Health
Liquidity and balance-sheet strength
Debt / equity
0.41x
Current ratio
1.80x
Quick ratio
1.25x
Total debt
$1.63B
Total cash
$256.00M
Growth
How the business has been compounding
Revenue TTM
$4.83B
Revenue 5Y CAGR
12.1%
EPS TTM
3.60
EPS 5Y CAGR
21.9%
Cash flow
How much cash the business throws off
Operating CF TTM
$690.60M
Free CF TTM
$371.90M
FCF margin
7.7%
Dividend
Shareholder payout
Yield
0.6%
Payout ratio
22.8%
Last ex-div date
2026-07-24