A Business at a Glance
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nVent Electric plc
NVT
$25.0B
Mkt Cap
$151.79
-4.40%
nVent Electric plc (NVT) has a current P/E ratio of 35.2, compared to its historical median P/E of 17.7. The stock is currently considered Expensive based on its historical valuation range.
nVent Electric plc (NVT) has a 5-year average return on invested capital (ROIC) of 8.6%. This is below average and may indicate limited pricing power.
nVent Electric plc (NVT) has a market capitalization of $24.5B. It is classified as a large-cap stock.
Yes, nVent Electric plc (NVT) pays a dividend with a trailing twelve-month yield of 0.53%. The company also returns capital through share buybacks, with a buyback yield of 1.02%.
Based on historical P/E analysis, nVent Electric plc (NVT) appears expensive. The current P/E of 35.2 is 99% above its historical median of 17.7. The estimated fair value CAGR (P/E method) is 39.4%.
nVent Electric plc (NVT) operates in the Special Industry Machinery (No Metalworking Machinery) industry, within the Industrials sector.
nVent Electric plc (NVT) reported annual revenue of $3.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
nVent is a leading global provider of electrical connection and protection solutions serving infrastructure, industrial, commercial, residential, and energy applications worldwide. The company operates through two segments: Systems Protection (which includes enclosures, switchgear, bus systems, and control buildings) and Electrical Connections (which includes cable management, electrical connectors, tools, and fastening products). nVent's portfolio comprises premier, century-old brands including CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF, and TRACHTE, and the company earns revenue through the design, manufacture, marketing, installation, and service of high-performance products that connect and protect mission-critical equipment and infrastructure. The business model combines organic growth with strategic acquisitions—including ECM Industries (2023), Trachte (2024), and the Electrical Products Group (2025)—to expand capabilities in high-growth verticals such as data centers, power utilities, and renewables. nVent's competitive moat derives from its comprehensive product portfolio, global distribution capabilities, recognized brands with deep customer relationships, and operational excellence through its Spark management system emphasizing lean principles, digital transformation, and velocity. The company serves hyperscalers, utilities, industrial manufacturers, and commercial real estate developers, with infrastructure representing the highest-growth vertical and data centers emerging as a primary driver of accelerating demand.
【Infrastructure-led acceleration continuing】 Management expects 2026 to deliver another record year of strong growth, with infrastructure projected to grow approximately 20% driven by AI data center capital expenditure acceleration, power utilities, renewables, and energy storage expansion. Industrial is expected to grow mid-single digits with increasing capital investment, automation, and reshoring, while commercial residential is anticipated to grow low single digits. The company is investing aggressively in capacity expansion—including a new Blaine facility expected to ramp throughout 2026—to support record backlog of $2.6 billion (as of Q1 2026) and unprecedented data center demand. Management expects pricing and productivity actions to offset mid-single-digit inflation, including approximately $80 million in tariff impacts largely concentrated in the first half, with margins expected to improve sequentially and year-over-year as new capacity comes online and pricing actions take effect. The company maintains disciplined capital allocation focused on growth investments and shareholder returns, with net leverage of 1.5x providing flexibility for potential acquisitions in the infrastructure vertical.
| Metric | Target | Period |
|---|---|---|
| Reported sales growth | 15%-18% | FY2026 |
| Organic sales growth | 10%-13% | FY2026 |
| Adjusted EPS | $4.00-$4.15 | FY2026 |
| Reported sales growth | 26%-28% | FY2025 |
| Organic sales growth | 21%-23% | FY2025 |
| Adjusted EPS | $4.45-$4.55 | FY2025 |
Reported sales growth (FY2026): “Reported sales are expected to grow 15%-18%, with organic growth in the range of 10%-13%.”
Organic sales growth (FY2026): “Reported sales are expected to grow 15%-18%, with organic growth in the range of 10%-13%.”
Adjusted EPS (FY2026): “Our outlook for full-year adjusted EPS is $4-$4.15, which represents growth of 20%-24%”
Reported sales growth (FY2025): “We now forecast reported sales growth of 26%-28%. This includes expected higher organic growth, approximately five points from acquisitions, And flattish on foreign exchange.”
Organic sales growth (FY2025): “For organic sales growth, we now expect to grow 21%-23% versus our prior guidance of 10%-13%”
Adjusted EPS (FY2025): “We are raising our full year adjusted EPS range to $4.45-$4.55 versus our original guidance of $4.00-$4.15.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.3B | 3.9B | 3.0B | 2.7B | 2.3B | 2.5B |
| Net Income | 492M | 710M | 332M | 567M | 400M | 273M |
| EPS | $3.05 | $4.31 | $1.97 | $3.37 | $2.38 | $1.61 |
| Free Cash Flow | 382M | 372M | 569M | 463M | 354M | 334M |
| ROIC | 10.4% | 9.2% | 6.3% | 11.1% | 7.6% | 8.9% |
| Gross Margin | 37.0% | 37.7% | 40.2% | 40.3% | 35.9% | 38.3% |
| Debt/Equity | 0.41 | 0.45 | 0.70 | 0.60 | 0.43 | 0.43 |
| Dividends/Share | $0.81 | $0.80 | $0.76 | $0.70 | $0.70 | $0.70 |
| Operating Income | 683M | 617M | 527M | 463M | 309M | 355M |
| Operating Margin | 15.8% | 15.8% | 17.5% | 17.3% | 13.5% | 14.4% |
| ROE | 13.0% | 20.4% | 10.4% | 19.3% | 15.3% | 11.1% |
| Shares Outstanding | 162M | 165M | 168M | 168M | 168M | 170M |
| Metric | 2018 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 2.1B | 2.1B | 2.2B | 2.2B | 2.0B | 2.5B | 2.3B | 2.7B | 3.0B | 3.9B | 4.3B |
| Gross Margin | 39.5% | 40.1% | 39.6% | 39.3% | 37.5% | 38.3% | 35.9% | 40.3% | 40.2% | 37.7% | 37.0% |
| R&D | 41M | 43M | 46M | 48M | 44M | 49M | 46M | 55M | 66M | 79M | 84M |
| SG&A | 462M | 483M | 520M | 485M | 447M | 538M | 468M | 557M | 616M | 774M | 835M |
| EBIT | 333M | 316M | 311M | 333M | 38M | 355M | 309M | 463M | 527M | 617M | 683M |
| Op. Margin | 15.7% | 15.1% | 14.0% | 15.1% | 1.9% | 14.4% | 13.5% | 17.3% | 17.5% | 15.8% | 15.8% |
| Net Income | 259M | 362M | 231M | 223M | -47M | 273M | 400M | 567M | 332M | 710M | 492M |
| Net Margin | 12.2% | 17.2% | 10.4% | 10.1% | -2.4% | 11.1% | 17.4% | 21.2% | 11.0% | 18.2% | 11.4% |
| Non-Recurring | 26M | 33M | 7.7M | 22M | 230M | 8.8M | 5.8M | 5.0M | 7.0M | 7.5M | 9.6M |
| Returns on Capital | |||||||||||
| ROIC | 7.9% | 8.7% | 7.4% | 8.2% | 1.1% | 8.9% | 7.6% | 11.1% | 6.3% | 9.2% | 10.4% |
| ROE | 7.4% | 9.9% | 7.1% | 8.4% | -1.9% | 11.1% | 15.3% | 19.3% | 10.4% | 20.4% | 13.0% |
| ROA | 5.8% | 7.8% | 5.0% | 4.8% | -1.0% | 6.0% | 8.3% | 10.3% | 5.1% | 10.5% | 7.1% |
| Cash Flow | |||||||||||
| Op. Cash Flow | 364M | 410M | 344M | 336M | 344M | 373M | 395M | 528M | 643M | 465M | 490M |
| Free Cash Flow | 290M | 378M | 304M | 298M | 304M | 334M | 354M | 463M | 569M | 372M | 382M |
| Owner Earnings | 316M | 359M | -42M | 285M | 292M | 248M | 285M | 393M | 470M | 220M | -146M |
| CapEx | 75M | 32M | 40M | 39M | 40M | 40M | 41M | 66M | 74M | 93M | 108M |
| Maint. CapEx | 34M | 37M | 372M | 35M | 38M | 108M | 86M | 113M | 146M | 208M | 591M |
| Growth CapEx | 40M | 0 | 0 | 3.4M | 1.6M | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 34M | 37M | 372M | 35M | 38M | 108M | 86M | 113M | 146M | 208M | 591M |
| CapEx/OCF | N/A | N/A | 11.5% | 11.5% | 11.6% | 10.6% | 11.6% | 12.4% | 11.5% | 20.1% | 22.1% |
| Capital Allocation | |||||||||||
| Dividends Paid | 0 | 0 | 63M | 121M | 119M | 118M | 117M | 117M | 127M | 130M | 131M |
| Dividend Yield | N/A | N/A | 1.6% | 3.3% | 3.8% | 2.4% | 2.1% | 1.5% | 1.1% | 1.0% | 0.5% |
| Share Buybacks | 0 | 0 | 56M | 236M | 43M | 112M | 66M | 61M | 100M | 253M | 250M |
| Buyback Yield | N/A | N/A | 1.6% | 6.0% | 1.2% | 1.8% | 1.1% | 0.6% | 0.9% | 1.5% | 1.0% |
| Stock-Based Comp | 13M | 15M | 13M | 16M | 14M | 17M | 23M | 22M | 27M | 38M | 45M |
| Debt Repayment | 0 | 0 | 53M | 14M | 18M | 319M | 10M | 101M | 127M | 873M | 873M |
| Balance Sheet | |||||||||||
| Net Debt | -22M | -27M | 782M | 1.0B | 875M | 1.0B | 867M | 1.7B | 2.1B | 1.5B | 1.4B |
| Cash & Equiv. | 22M | 27M | 159M | 106M | 123M | 50M | 298M | 185M | 131M | 238M | 190M |
| Long-Term Debt | 0 | 0 | 929M | 1.0B | 928M | 994M | 1.1B | 1.7B | 2.1B | 1.5B | 1.5B |
| Debt/Equity | 0.00 | 0.00 | 0.35 | 0.43 | 0.41 | 0.43 | 0.43 | 0.60 | 0.70 | 0.45 | 0.41 |
| Interest Coverage | 237.7 | 1580.5 | 10.0 | 7.5 | 1.1 | 11.0 | 9.9 | 5.8 | 5.0 | 8.2 | 682.5 |
| Equity | 3.5B | 3.8B | 2.7B | 2.6B | 2.4B | 2.5B | 2.7B | 3.1B | 3.2B | 3.7B | 3.8B |
| Total Assets | 4.5B | 4.7B | 4.6B | 4.6B | 4.4B | 4.7B | 4.9B | 6.2B | 6.7B | 6.9B | 7.0B |
| Total Liabilities | 1.0B | 934M | 1.9B | 2.0B | 2.0B | 2.2B | 2.2B | 3.0B | 3.5B | 3.1B | 3.2B |
| Intangibles | N/A | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B | 1.1B | 1.4B | 1.6B | 1.9B | 1.8B |
| Retained Earnings | N/A | 0 | 83M | 187M | 21M | 175M | 457M | 905M | 1.1B | 1.7B | 1.8B |
| Working Capital | N/A | 342M | 385M | 337M | 314M | 275M | 580M | 603M | 588M | 636M | 733M |
| Current Assets | N/A | 733M | 847M | 799M | 764M | 912M | 1.2B | 1.3B | 1.4B | 1.6B | 1.8B |
| Current Liabilities | -9.4M | 391M | 462M | 462M | 450M | 636M | 650M | 734M | 802M | 1.0B | 1.1B |
| Per Share Data | |||||||||||
| EPS | 1.43 | 2.00 | 1.28 | 1.29 | -0.28 | 1.61 | 2.38 | 3.37 | 1.97 | 4.31 | 3.05 |
| Owner EPS | 1.75 | 1.98 | -0.23 | 1.65 | 1.73 | 1.46 | 1.70 | 2.34 | 2.79 | 1.33 | -0.90 |
| Book Value | 19.24 | 20.96 | 14.90 | 15.02 | 14.30 | 14.73 | 16.26 | 18.67 | 19.22 | 22.64 | 23.48 |
| Cash Flow/Share | 2.01 | 2.27 | 1.91 | 1.95 | 2.04 | 2.20 | 2.35 | 3.14 | 3.82 | 2.82 | 6.69 |
| Dividends/Share | 0.00 | 0.00 | 0.35 | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | 0.76 | 0.80 | 0.81 |
| Shares Out. | 181.2M | 180.8M | 180.3M | 172.6M | 168.6M | 169.5M | 168.0M | 168.3M | 168.4M | 164.8M | 161.7M |
| Valuation | |||||||||||
| P/E Ratio | N/A | N/A | 14.8 | 17.7 | N/A | 22.3 | 15.3 | 17.2 | 34.6 | 24.1 | 49.8 |
| P/FCF | N/A | N/A | 11.2 | 13.2 | 11.8 | 18.2 | 17.2 | 21.1 | 20.2 | 46.1 | 64.3 |
| EV/EBIT | N/A | N/A | 13.0 | 14.4 | 112.2 | 19.7 | 15.0 | 24.6 | 25.7 | 29.9 | 38.0 |
| Price/Book | N/A | N/A | 1.3 | 1.5 | 1.5 | 2.4 | 2.2 | 3.1 | 3.5 | 4.6 | 6.5 |
| Price/Sales | N/A | N/A | 1.8 | 1.7 | 1.5 | 2.0 | 1.9 | 3.0 | 3.9 | 3.3 | 5.7 |
| FCF Yield | N/A | N/A | 8.9% | 7.6% | 8.5% | 5.5% | 5.8% | 4.7% | 5.0% | 2.2% | 1.6% |
| Market Cap | N/A | N/A | 3.4B | 3.9B | 3.6B | 6.1B | 6.1B | 9.7B | 11.5B | 17.1B | 24.5B |
| Avg. Price | N/A | N/A | 22.00 | 21.22 | 18.38 | 28.89 | 33.23 | 46.84 | 69.95 | 78.42 | 151.79 |
| Year-End Price | N/A | N/A | 18.95 | 22.82 | 21.26 | 35.93 | 36.32 | 57.88 | 68.14 | 103.98 | 151.79 |
nVent Electric plc passes 5 of 9 quality checks, suggesting mixed fundamentals.
nVent Electric plc trades at 35.2x trailing earnings, compared to its 15-year median P/E of 17.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 66.0x vs a median of 17.7x. The company's 5-year average ROIC is 8.6% with a gross margin of 38.5%. Total shareholder yield (dividends + buybacks) is 1.6%. At current prices, the estimated annualized return to fair value is +9.6%.
nVent Electric plc (NVT) has a net profit margin of 18.2%. This is a healthy margin.
nVent Electric plc (NVT) generated $372 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
nVent Electric plc (NVT) has a debt-to-equity ratio of 0.45. This indicates a conservatively financed balance sheet.
nVent Electric plc (NVT) reported earnings per share (EPS) of $4.31 in its most recent fiscal year.
nVent Electric plc (NVT) has a return on equity (ROE) of 20.4%. This indicates the company generates strong returns for shareholders.
nVent Electric plc (NVT) has a 5-year average gross margin of 38.5%. This indicates decent pricing power.
The Ledger Terminal provides 10 years of financial data for nVent Electric plc (NVT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
nVent Electric plc (NVT) has a book value per share of $22.64, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects 2026 to deliver another record year of strong growth, with infrastructure projected to grow approximately 20% driven by AI data center capital expenditure acceleration, power utilities, renewables, and energy storage expansion. Industrial is expected to grow mid-single digits with increasing capital investment, automation, and reshoring, while commercial residential is anticipated to grow low single digits. The company is investing aggressively in capacity expansion—including a new Blaine facility expected to ramp throughout 2026—to support record backlog of $2.6 billion (as of Q1 2026) and unprecedented data center demand. Management expects pricing and productivity actions to offset mid-single-digit inflation, including approximately $80 million in tariff impacts largely concentrated in the first half, with margins expected to improve sequentially and year-over-year as new capacity comes online and pricing actions take effect. The company maintains disciplined capital allocation focused on growth investments and shareholder returns, with net leverage of 1.5x providing flexibility for potential acquisitions in the infrastructure vertical.
Based on recent SEC filings and earnings calls, nVent Electric plc (NVT) has provided the following forward guidance: Reported sales growth: 15%-18% (FY2026); Organic sales growth: 10%-13% (FY2026); Adjusted EPS: $4.00-$4.15 (FY2026); Reported sales growth: 26%-28% (FY2025); Organic sales growth: 21%-23% (FY2025), plus 1 additional metric.