NVT
nVent Electric plc
NVT's fundamentals are strong: revenue grew 48% and free cash flow grew 59%. At 28x earnings, it's trading above its usual 21x. Analysts expect that strong growth to continue.
NVT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Strong |
NVT's revenue, profitability, cash flow and balance sheet are all currently healthy.
NVT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 18x | $116 | — |
| Cheap | 19x | $77.33 | -33% |
| Fair | 21x | $88.58 | -23% |
| Current | 28x | $116 | — |
| Expensive | 29x | $122 | +5.4% |
Historical ranges are pointers, not guarantees.
NVT's PE is in its expensive range at 28x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.
NVT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVT, but weaker profitability.
NVT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.49 | +56% |
| Q3 2026 | $4.16 | +14% |
| Q2 2026 | $3.67 | +4.3% |
| Q1 2026 | $3.02 | -14% |
| Q4 2025 | $4.31 | +119% |
| Q3 2025 | $3.64 | +6.7% |
| Q2 2025 | $3.52 | +2.9% |
| Q1 2025 | $3.51 | +2.3% |
| Q4 2024 | $1.97 | -42% |
NVT earned $4.16 per share over the past year, up 14% from the year before.
NVT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +44% |
| Q2 2026 | $1.5B | +53% |
| Q1 2026 | $1.2B | +53% |
| Q4 2025 | $1.1B | +42% |
| Q3 2025 | $1.1B | +35% |
| Q2 2025 | $963.1M | +9.4% |
| Q1 2025 | $809.3M | -7.5% |
| Q4 2024 | $752.2M | -13% |
NVT's revenue has grown year over year for six quarters in a row: $1.5B last quarter, up 44% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +2.8 points |
| Q2 2026 | 20% | +4.2 points |
| Q1 2026 | 16% | -0.3 points |
| Q4 2025 | 15% | -0.2 points |
| Q3 2025 | 16% | -1.3 points |
| Q2 2025 | 16% | -2.8 points |
| Q1 2025 | 16% | -2.1 points |
| Q4 2024 | 16% | -3.1 points |
NVT's operating margin was 19% last quarter, up 2.8 points from the same quarter a year ago.
NVT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $265.8M | +32% |
| Q2 2026 | $162M | +$195.8M |
| Q1 2026 | $49.1M | +26% |
| Q4 2025 | $165.7M | -16% |
| Q3 2025 | $200.9M | +8.7% |
| Q2 2025 | -$33.8M | -130% |
| Q1 2025 | $39.1M | -47% |
| Q4 2024 | $198.1M | -7.6% |
NVT generated $643M in free cash flow over the past year, up 59% from the year before.
NVT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -100K shares |
| 1 year | +0.2% | +400K shares |
| 3 years | -2.7% | -4.6M shares |
| 5 years | -3.6% | -6.1M shares |
| Available history | -5.2% | -9M shares |
NVT has 164M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $49.8M |
| Q2 2026 | — |
| Q1 2026 | $50.4M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $200M |
| Q1 2025 | $53.1M |
| Q4 2024 | — |
NVT spent $100M buying back its own shares over the past year, down 60% from the year before.
NVT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.5x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 2.8x | Moderate |
NVT's net debt is less than a year of its operating earnings (EBITDA), down from 1.9 years a year ago.
NVT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.5 | Neutral |
| Stochastic | 14.8 | Oversold |
NVT's weekly RSI is 38 (neutral) and its Stochastic is 15 (oversold).
NVT PE vs Industrials Sector
| Metric | NVT | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 24x | 16% above |
| PE % | 79 | 58 | 21 pts above |
NVT is trading at 28x earnings, a 16% premium to the Industrials sector's median of 24x.
NVT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $139.6 | 17% below |
| 20 week MA | $150.1 | 23% below |
| 50 week MA | $138.0 | 16% below |
| 100 week MA | $107.4 | 7.6% above |
| 200 week MA | $83.8 | 38% above |
NVT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 38% above its 200-week average.
NVT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.7 | $23.1 | -10% |
| 2021 | $23.1 | $37.4 | +62% |
| 2022 | $37.4 | $38.2 | +2.1% |
| 2023 | $38.2 | $59.1 | +55% |
| 2024 | $59.1 | $69.0 | +17% |
| 2025 | $69.0 | $104.2 | +51% |
| 2026 YTD | $104.2 | $115.5 | +11% |
NVT has finished higher in five of the last six years, three of them by more than 50%. It's up 11% so far in 2026.