Crane Co
$209.74
+0.26 (+0.12%) · delayed · Nov 13, 2026
Five-year price
52w $159.58 to $230.50
- Market cap
- $12.1B
- Enterprise value
- $12.8B
- P/E
- 33.5×
- 39.9× on 3y avg EPS
- EV / EBIT
- 30.1×
- FCF yield
- 3.3%
- ROIC
- 12.0%
- Debt / equity
- 0.56
- Piotroski F
- 4/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
25
- ○ROIC > 12% (5y avg)5y avg ROIC 11.5%
- ●ROE > 15% (5y avg)5y avg ROE 19.9%
- ○Stable operating marginsMargin volatility 6.4% (σ, 5y)
- ○Earnings convert to cashFCF / net income 35% (5y avg)
- –Growing revenueRevenue CAGR 5y n/a
- –Shrinking share countDiluted shares n/a over 5y
Value
0
- ○P/E below 15P/E 33.5
- ○EV/EBIT below 12EV/EBIT 30.1
- ○FCF yield above 6%FCF yield 3.3%
- ○Price below Graham NumberGraham Number $70.85
- ○P/B below 3P/B 5.9
Safety
60
- ○Debt / equity below 0.5D/E 0.56
- ●Debt payable in < 4 yrs of earningsNet debt $0.6B
- ●Interest coverage > 8xCoverage 37.5x
- ●Current ratio > 1.5Current ratio 5.53
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
60
- ●Adequate size (revenue > $2B)Revenue $2.3B
- ●Strong condition (current ratio ≥ 2)Current ratio 5.53
- –Earnings stability (no loss, 10y)5 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)EPS growth -16%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 39.9
- ○P/E × P/B ≤ 22.5Product 235.0
Valuation lab
What do you have to believe?
At $209.74, the market is pricing in about 12.0% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $642M · 58M shares
Intrinsic value
$129.08
Price
$209.74
Premium paid
62%
What the price implies
The market is paying for 12.0% 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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 2,063 | 1,777 | 1,862 | 2,131 | 2,305 |
| Gross profit | — | — | 751 | 868 | — |
| Operating income | 222 | 5 | 250 | 356 | 424 |
| Operating margin | 10.7% | 0.3% | 13.4% | 16.7% | 18.4% |
| Pre-tax income | 234 | 237 | 233 | 339 | 433 |
| Income tax | 36 | 70 | 57 | 70 | 101 |
| Net income | 435 | 401 | 256 | 295 | 367 |
| EPS (diluted) | 7.36 | 7.01 | 4.45 | 5.05 | 6.26 |
| Diluted shares | 59 | 57 | 58 | 58 | 59 |
Who owns it