Federal Signal (FRA:FSG) Intrinsic Value: Projected FCF: €44.82 (As of Sep. 05, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

FRA:FSG Federal Signal Corp FRA:FSG
99 GF Score
Price €93.50
GF Value €99.14
! 2 Warning Signs
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What is Federal Signal Intrinsic Value: Projected FCF?

Federal Signal FRA:FSG +1.08% 99 Intrinsic Value: Projected FCF is €44.82 as of Sep. 05, 2026. GuruFocus rates FRA:FSG with a GF Score™ of 99/100 and a GF Value™ of €99.14. The stock has 2 warning signs investors should review. Among 157 Farm & Heavy Construction Machinery companies, Federal Signal ranks worse than 75.8% 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 (2026-09-05), Federal Signal's Intrinsic Value: Projected FCF is €44.82. The stock price of Federal Signal is €93.50. Therefore, Federal Signal's Price-to-Intrinsic-Value-Projected-FCF of today is 2.1.

The historical rank and industry rank for Federal Signal's Intrinsic Value: Projected FCF or its related term are showing as below:

FRA:FSG' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.96   Med: 1.45   Max: 2.72
Current: 2.09

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Federal Signal was 2.72. The lowest was 0.96. And the median was 1.45.

FRA:FSG's Price-to-Projected-FCF is ranked worse than
75.8% of 157 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.13 vs FRA:FSG: 2.09

Federal Signal  (FRA:FSG) 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.

Federal Signal's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=93.50/50.434263314998
=1.85

* 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.


Federal Signal Intrinsic Value: Projected FCF Related Terms


Federal Signal Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Federal Signal'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.

Federal Signal Intrinsic Value: Projected FCF Chart

Federal Signal Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.07 23.96 27.32 37.12 39.69

Federal Signal Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 36.37 38.35 39.69 45.33 44.95

FRA:FSG vs TEX, AGCO, OSK: Intrinsic Value: Projected FCF Comparison

For the Farm & Heavy Construction Machinery subindustry, Federal Signal'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.


Federal Signal Price-to-Projected-FCF vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Federal Signal's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Federal Signal's Price-to-Projected-FCF falls into.


FRA:FSG
99GF Score
Federal Signal Corp FRA:FSG
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Federal Signal 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 Federal Signal's Free Cash Flow(6 year avg) = €138.25.

Federal Signal'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 (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*138.25456+1308.597*0.8)/61.500
=50.43

* 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 €44.82 mean?
Federal Signal (FRA:FSG) has a Intrinsic Value: Projected FCF of €44.82 as of Sep. 05, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Federal Signal and its competitors. According to the industry distribution chart, Federal Signal ranks #119 out of 157 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 75.8%.
Is Federal Signal's Intrinsic Value: Projected FCF too high?
Federal Signal's current Intrinsic Value: Projected FCF is €44.82. Based on the distribution chart, Federal Signal ranks #119 out of 157 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Federal Signal has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does Federal Signal's Intrinsic Value: Projected FCF compare to TEX and AGCO?
According to the Farm & Heavy Construction Machinery industry distribution chart, Federal Signal ranks #119 out of 157 companies for Intrinsic Value: Projected FCF. This places Federal Signal in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.13. 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 a Farm & Heavy Construction Machinery company?
The median Intrinsic Value: Projected FCF among Farm & Heavy Construction Machinery companies is 1.13, based on 157 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. 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 Federal Signal and its competitors. For the Farm & Heavy Construction Machinery industry, the median Intrinsic Value: Projected FCF is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal Signal's current Intrinsic Value: Projected FCF is €44.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal Signal stock overvalued right now?
Federal Signal (FRA:FSG) has a current Intrinsic Value: Projected FCF of €44.82. The stock's GF Value™ is €99.14, compared to a current price of €93.50 — trading 5.7% below its estimated fair value. The current Intrinsic Value: Projected FCF is €44.82. Federal Signal's overall GF Score™ is 99/100 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 Federal Signal (FRA:FSG), the current Intrinsic Value: Projected FCF is €44.82 as of Sep. 05, 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 Federal Signal (FRA:FSG) Overvalued in 2026?

Based on GuruFocus' analysis, Federal Signal stock appears to be undervalued. The current stock price of €93.50 is trading 5.7% below its estimated GF Value™ of €99.14.

Key valuation signals for FRA:FSG:

  • Intrinsic Value: Projected FCF: €44.82
  • GF Value™: €99.14 vs. price of €93.50 (5.7% below fair value)
  • GF Score™: 99/100 with 2 warning signs

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


Federal Signal Business Description

Other Exchanges FSS:USA
Address 1333 Butterfield Road, Downers Grove, IL, USA, 60515
Federal Signal Corp designs and manufactures products and integrated solutions for municipal, governmental, industrial, and airport customers. It operates through two segments. The Environmental Solutions Group manufactures and supplies street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks, high-performance water blasting equipment, dump truck bodies, and trailers. The Safety and Security Systems Group manufactures and supplies comprehensive systems and products used by law enforcement, fire rescue, and industrial sites to protect people and property. Its offerings include systems for community alerting and industrial communications. The company generates the majority of its revenue from the Environmental Solutions Group segment.
99GF Score

Get the complete analysis for FRA:FSG

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

€93.50
Price
€99.14
GF Value