MSA Safety
NYSE: MSA · INDUSTRIALS · SECURITY & PROTECTION SERVICES
Updated 2026-06-05
MSA Safety (MSA) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for MSA.
Valued
Valuation reasonably reflects current fundamentals. Limited margin of safety at these levels.
MSA historical valuation range
Where current P/E sits in MSA's own 5Y range.
MSA intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Standard discounted cash flow models produce unreliable output for unprofitable or near-breakeven companies. Revenue-based multiples such as P/S and EV/Sales, combined with the historical valuation position above, give a more reliable read for this stock.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
MSA valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 21.61x
P/S Ratio — History
Current: 3.22x
Is MSA overvalued in 2026?
MSA Safety (MSA) currently trades at $168.57 per share with a market capitalization of $6,172,408,000.00. Based on our multi-factor framework, the stock trades at a fair valuation with a Smart Value Score of 74/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 21.6x, below its 5-year median of 24.3x. The PEG ratio of 0.99 suggests earnings growth is outpacing the multiple, a classic sign of undervaluation.
Looking at its own history, MSA is currently trading cheaper than 92% of the last 5Y on P/E. This places it in the 8th percentile of its historical range, a level that has historically coincided with attractive entry points.
A standard DCF model does not produce reliable output for MSA under current conditions. For unprofitable or near-breakeven companies, revenue-based multiples such as EV/Sales and historical P/S percentile are more informative than intrinsic value calculations.
Financial quality is a concern. The Piotroski F-Score of 3/9 flags weakening fundamentals that deserve closer scrutiny before the valuation case can be fully trusted.
Bottom line: MSA trades at a fair valuation on our framework, with a Smart Value Score of 74/100. The valuation is defensible but offers no obvious bargain. Patience or a better entry price may reward disciplined buyers.
Frequently asked questions
Is MSA overvalued?
MSA scores 74/100 on our Smart Value Score (Grade B), a mixed overall profile. A standard DCF is unreliable here given the profitability profile, so valuation leans on revenue-based measures like EV/Sales and the P/S percentile below.
What is MSA's fair value?
A standard DCF is unreliable for MSA given its current profitability profile. Revenue-based approaches like EV/Sales or the historical P/S percentile are more informative for this stock.
What P/E ratio does MSA trade at?
MSA trades at a P/E of 21.6x on trailing twelve-month earnings, against a 5-year median of 24.3x. P/E is what you pay per dollar of profit, and sitting below its own median means the stock is cheaper than usual relative to its earnings.
Is MSA a buy based on valuation?
Our Smart Value rating for MSA is Buy, from a Smart Value Score of 74/100 that blends growth, quality, and valuation. The profile is balanced and best suited to investors who already have a thesis. This is research to inform your decision, not personalized financial advice.
How does MSA's valuation compare to its history?
On P/E, MSA sits in the 8th percentile of its own 5Y range, historically cheap relative to where it has traded. A low percentile means today's multiple is near the bottom of its historical band.
What is MSA's Smart Value Score?
MSA's Smart Value Score is 74/100. It is a proprietary WallStSmart metric blending growth quality, financial health, and valuation into a single 0-100 read, and scores above 75 are rare, signaling strong multi-factor alignment.