ESP (Espey Manufacturing & Electronics) Intrinsic Value: Projected FCF: $32.41 (As of Sep. 09, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ESP Espey Manufacturing & Electronics Corp ESP
76 GF Score
Price $63.09
GF Value $28.75
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Espey Manufacturing & Electronics Intrinsic Value: Projected FCF?

Espey Manufacturing & Electronics ESP -0.41% 76 Intrinsic Value: Projected FCF is $32.41 as of Sep. 09, 2026. GuruFocus rates ESP with a GF Score™ of 76/100 and a GF Value™ of $28.75 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,042 Industrial Products companies, Espey Manufacturing & Electronics ranks worse than 54.11% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-09), Espey Manufacturing & Electronics's Intrinsic Value: Projected FCF is $32.41. The stock price of Espey Manufacturing & Electronics is $63.09. Therefore, Espey Manufacturing & Electronics's Price-to-Intrinsic-Value-Projected-FCF of today is 2.0.

The historical rank and industry rank for Espey Manufacturing & Electronics's Intrinsic Value: Projected FCF or its related term are showing as below:

ESP' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.77   Med: 1.01   Max: 1.95
Current: 1.95

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Espey Manufacturing & Electronics was 1.95. The lowest was 0.77. And the median was 1.01.

ESP's Price-to-Projected-FCF is ranked worse than
54.11% of 2042 companies
in the Industrial Products industry
Industry Median: 1.725 vs ESP: 1.95

Espey Manufacturing & Electronics  (AMEX:ESP) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Espey Manufacturing & Electronics's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=63.09/32.406977887783
=1.95

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Espey Manufacturing & Electronics Intrinsic Value: Projected FCF Related Terms


Espey Manufacturing & Electronics Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Espey Manufacturing & Electronics's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Espey Manufacturing & Electronics Intrinsic Value: Projected FCF Chart

Espey Manufacturing & Electronics Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.17 16.50 15.86 19.04 33.35

Espey Manufacturing & Electronics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.73 33.35 35.30 31.41 32.41

ESP vs EAF, NEOV, SKYX: Intrinsic Value: Projected FCF Comparison

For the Electrical Equipment & Parts subindustry, Espey Manufacturing & Electronics's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Espey Manufacturing & Electronics Price-to-Projected-FCF vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Espey Manufacturing & Electronics's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Espey Manufacturing & Electronics's Price-to-Projected-FCF falls into.


ESP
76GF Score
Espey Manufacturing & Electronics Corp ESP
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Espey Manufacturing & Electronics Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Espey Manufacturing & Electronics's Free Cash Flow(6 year avg) = $5.01.

Espey Manufacturing & Electronics's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar26)*0.8)/Shares Outstanding (Diluted Average)
=(9.6517283697394*5.01408+56.415*0.8)/2.886
=32.41

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $32.41 mean?
Espey Manufacturing & Electronics (ESP) has a Intrinsic Value: Projected FCF of $32.41 as of Sep. 09, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Espey Manufacturing & Electronics and its competitors. According to the industry distribution chart, Espey Manufacturing & Electronics ranks #1105 out of 2042 companies in the Industrial Products industry, placing it in the top 54.1%.
Is Espey Manufacturing & Electronics' Intrinsic Value: Projected FCF too high?
Espey Manufacturing & Electronics' current Intrinsic Value: Projected FCF is $32.41. The Industrial Products industry median Intrinsic Value: Projected FCF is 1.73. Espey Manufacturing & Electronics' value of $32.41 is 1778.8% above this industry median. Based on the distribution chart, Espey Manufacturing & Electronics ranks #1105 out of 2042 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Espey Manufacturing & Electronics has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Espey Manufacturing & Electronics' Intrinsic Value: Projected FCF compare to EAF and NEOV?
According to the Industrial Products industry distribution chart, Espey Manufacturing & Electronics ranks #1105 out of 2042 companies for Intrinsic Value: Projected FCF. This places Espey Manufacturing & Electronics in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.73. Espey Manufacturing & Electronics' value of $32.41 is 1778.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Industrial Products company?
The median Intrinsic Value: Projected FCF among Industrial Products companies is 1.73, based on 2,042 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Espey Manufacturing & Electronics's current Intrinsic Value: Projected FCF of $32.41 is 1778.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Espey Manufacturing & Electronics and its competitors. For the Industrial Products industry, the median Intrinsic Value: Projected FCF is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Espey Manufacturing & Electronics's current Intrinsic Value: Projected FCF is $32.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Espey Manufacturing & Electronics stock overvalued right now?
Based on GuruFocus' analysis, Espey Manufacturing & Electronics (ESP) is currently considered Significantly Overvalued. The stock's GF Value™ is $28.75, compared to a current price of $63.09 — trading 119.4% above its estimated fair value. The current Intrinsic Value: Projected FCF is $32.41 and 1778.8% above the Industrial Products industry median of 1.73. Espey Manufacturing & Electronics' overall GF Score™ is 76/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Espey Manufacturing & Electronics (ESP), the current Intrinsic Value: Projected FCF is $32.41 as of Sep. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Espey Manufacturing & Electronics (ESP) Overvalued in 2026?

Based on GuruFocus' analysis, Espey Manufacturing & Electronics stock appears to be overvalued. The current stock price of $63.09 is trading 119.4% above its estimated GF Value™ of $28.75. GuruFocus considers Espey Manufacturing & Electronics to be Significantly Overvalued.

Key valuation signals for ESP:

  • Intrinsic Value: Projected FCF: $32.41
  • GF Value™: $28.75 vs. price of $63.09 (119.4% above fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 1778.8% above the Industrial Products median (#1105 of 2042)

No single metric tells the full story. See the ESP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Espey Manufacturing & Electronics Business Description

Address 233 Ballston Avenue, Saratoga Springs, NY, USA, 12866
Espey Manufacturing & Electronics Corp is a power electronics design and OEM manufacturing company delivering products for military and severe environment applications. Its products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, and antennas. The applications of these products include AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power. Espey services include design and development to specification, build to specifications provided by the customer, build to print, design services, design studies, environmental testing services, metal fabrication, painting services, and development of automatic testing equipment.
76GF Score

Get the complete analysis for ESP

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$63.09
Price
$28.75
GF Value