ACUITY INC. (DE)
$330.53
+0.25 (+0.08%) · delayed · Nov 13, 2026
Five-year price
52w $257.04 to $380.17
- Market cap
- $9.8B
- Enterprise value
- $9.9B
- P/E
- 19.4×
- 23.0× on 3y avg EPS
- EV / EBIT
- 13.8×
- FCF yield
- 7.6%
- ROIC
- 18.4%
- Debt / equity
- 0.23
- Piotroski F
- 8/9
Value scorecard · FY2026
Does it pass the value tests?
Quality
100
- ●ROIC > 12% (5y avg)5y avg ROIC 17.7%
- ●ROE > 15% (5y avg)5y avg ROE 17.5%
- ●Stable operating marginsMargin volatility 1.2% (σ, 5y)
- ●Earnings convert to cashFCF / net income 124% (5y avg)
- ●Growing revenueRevenue CAGR 5y 6.0%
- ●Shrinking share countDiluted shares -14.8% over 5y
Value
20
- ○P/E below 15P/E 19.4
- ○EV/EBIT below 12EV/EBIT 13.8
- ●FCF yield above 6%FCF yield 7.6%
- ○Price below Graham NumberGraham Number $196.02
- ○P/B below 3P/B 3.3
Safety
100
- ●Debt / equity below 0.5D/E 0.23
- ●Debt payable in < 4 yrs of earningsNet debt $0.1B
- ●Interest coverage > 8xCoverage 19.9x
- ●Current ratio > 1.5Current ratio 1.69
- ●Piotroski F-score ≥ 6F-score 8/9
Graham Defensive
57
- ●Adequate size (revenue > $2B)Revenue $4.6B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.69
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 77%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 23.0
- ○P/E × P/B ≤ 22.5Product 76.1
Valuation lab
What do you have to believe?
At $330.53, the market is pricing in about 0.1% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $61M · 30M shares · 5y revenue CAGR 6.0%
Intrinsic value
$515.09
Price
$330.53
Margin of safety
36%
What the price implies
The market is paying for 0.1% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
58% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,505 | 3,680 | 3,673 | 3,326 | 3,461 | 4,006 | 3,952 | 3,841 | 4,346 | 4,642 |
| Gross profit | 1,481 | 1,485 | 1,480 | 1,402 | 1,475 | 1,673 | 1,713 | 1,782 | 2,079 | 2,351 |
| Operating income | 528 | 461 | 463 | 354 | 428 | 510 | 473 | 553 | 564 | 714 |
| Operating margin | 15.0% | 12.5% | 12.6% | 10.6% | 12.4% | 12.7% | 12.0% | 14.4% | 13.0% | 15.4% |
| Pre-tax income | 493 | 426 | 425 | 325 | 396 | 494 | 447 | 549 | 500 | 681 |
| Income tax | 171 | 76 | 95 | 76 | 90 | 110 | 101 | 126 | 104 | 149 |
| Net income | 322 | 350 | 330 | 248 | 306 | 384 | 346 | 423 | 397 | 531 |
| EPS (diluted) | 7.43 | 8.52 | 8.29 | 6.27 | 8.38 | 11.08 | 10.76 | 13.44 | 12.53 | 17.05 |
| Diluted shares | 43 | 41 | 40 | 40 | 37 | 35 | 32 | 31 | 32 | 31 |
Who owns it