ESE
ESCO Technologies Inc
NYSE: ESE · TECHNOLOGY · SCIENTIFIC & TECHNICAL INSTRUMENTS
$297.85
+0.23% today
Updated 2026-06-05
Market cap
$8.13B
P/E ratio
61.76
P/S ratio
6.51x
EPS (TTM)
$5.08
Dividend yield
0.10%
52W range
$175 – $346
Volume
0.3M
ESCO Technologies Inc (ESE) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed ESE price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$297.85
Today
Analyst consensus
$373.33
+25.34% · 12M
2030 Base
$344.61
+15.70% future
NPV today
$213.00
@ 11% WACC
4 analysts:
1 Buy1 Hold0 Sell
Management guidance
ESCO Technologies raised FY2026 adjusted EPS guidance to $8.00–$8.25 (vs. prior $7.75–$8.00) on maintained revenue guidance of $1.29B–$1.33B, implying ~21% revenue growth for FY2026. CEO highlighted record $1.47B backlog (42% YoY order growth in Q2) and expects sustained momentum in Aerospace & Defense through 2027–2028. The $2.35B Megger Group acquisition (closing Q1 FY2027) is expected to materially expand Utility Solutions Group and support long-term growth trajectory.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
ESE · ESCO Technologies Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$241.30
NPV today: $149.15
Base case (2030)
$344.61
NPV today: $213.00
Bull case (2030)
$654.55
NPV today: $404.58
WallStSmart.com
ESE financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.3B | $1.7B | $2.0B | $2.4B | $2.7B |
| Revenue growth | 19.2% | 21.2% | 28.2% | 22.0% | 16.1% | 13.0% |
| Net margin | — | 16.1% | 16.8% | 16.8% | 16.6% | 16.4% |
| EPS | $1.64 | $8.13 | $10.85 | $13.28 | $15.16 | $16.92 |
| Diluted shares | — | 26M | 26M | 26M | 26M | 26M |
| Net debt | — | $-42.84M | $-206.98M | $-407.27M | $-639.80M | $-902.62M |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $153.20 | $202.13 | $252.35 | $299.10 | $344.61 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $2.7B | $2.7B | $2.7B |
| P/S multiple | 2.0x | 3.0x | 6.0x |
| Diluted shares | 26M | 26M | 26M |
| Net debt | $-902.62M | $-902.62M | $-902.62M |
| Implied P/E † | 14x | 20x | 39x |
| 2030 Price | $241.30 | $344.61 | $654.55 |
| NPV @ 11% | $149.15 | $213.00 | $404.58 |
† Implied P/E: Multiples remain elevated across all three scenarios because ESE is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $344.61 base case
ESE catalysts and risks
Growth catalysts
+ Megger Group Limited acquisition closes Q1 FY2027 ($2.35B), expanding Utility Solutions footprint and adding ~$400M–$500M revenue annually
+ Record backlog ($1.47B) conversion into revenue 2026–2028, particularly from Aerospace & Defense submarine and military programs
+ Continued hyperscaler and defense capex spending; aerospace OEM production ramp-up (Boeing 737 MAX, Airbus demand)
+ Potential margin expansion post-Megger integration (synergies, operational leverage) supporting EPS growth >revenue growth
Key risks
- Megger integration execution; synergy realization delays or write-downs could impair 2027–2028 margins
- Aerospace & Defense cycle downturn if geopolitical tensions ease or defense budgets contract post-2028
- Supply chain cost inflation and labor cost pressures in manufacturing (historically sticky in 2024–2026 environment)
- Utility Solutions renewable energy headwinds (grid modernization timing uncertainty, renewable power deployment slowdown)
- Premium valuation (P/E 62.2x, EV/Sales 6.25x) leaves little room for miss; any guidance cut could trigger sharp repricing
Methodology · ESCO Technologies Inc 2030 stock forecast model
ESCO Technologies Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 4 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for ESE by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-902.62M by 2030) |
| 3. Time value | NPV calculated using 11% WACC (CAPM: beta 1.183) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 3.0x / bull 6.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
ESE price target FAQ
What is the ESE price target for 2030?
WallStSmart's ESCO Technologies Inc 2030 base case is $344.61 per share, with a bull case of $654.55 and bear case of $241.30. The NPV of the base case discounted to today at 11% WACC is $213.00.
How is the ESCO Technologies Inc 2030 stock forecast calculated?
The ESE 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the ESE price target account for dilution?
ESCO Technologies Inc is projected to grow diluted share count from 26M to 26M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on ESE stock?
4 analysts cover ESE with an average 12-month price target of $373.33. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.