COMPILED BY GEMINI 3.1

Eaton Corporation (ETN) Intrinsic Value

An independent two-stage DCF analysis by a frontier AI model.

Fair Value Estimate

$27.40 per share
Current Price $10.50
Margin of Safety 161.0%
UNDERVALUED

My Assumptions & Rationale

FCF Growth Rate (Y1-Y5)
12.0%

" data-astro-cid-s37fh3z2> Eaton is perfectly positioned for the massive infrastructure and electrification megatrends. Demand from data centers, utility grid upgrades, and reshoring of manufacturing provides visibility into sustained above-average growth, justifying a robust 12% FCF CAGR over the next half-decade.

Discount Rate (WACC)
9.0%

" data-astro-cid-s37fh3z2> With the 10Y Treasury at 4.18%, a 9% discount rate implies an equity risk premium of roughly 4.8%, appropriate for a mature, highly profitable industrial company. Eaton operates with stable cash flows and manageable leverage, warranting a lower hurdle rate than highly cyclical or speculative peers.

Terminal Growth Rate
3.0%

" data-astro-cid-s37fh3z2> A 3.0% perpetuity growth rate assumes Eaton will match long-term nominal global economic growth. Power management and infrastructure are fundamental, enduring needs, ensuring the company remains relevant indefinitely without assuming unrealistic permanent market share gains.

Sensitivity Analysis

Intrinsic value per share under varying discount rate and terminal growth rate assumptions.

WACC ↓ / Terminal → 2.0%2.5%3.0%3.5%4.0%
2.0% $32.88 $27.40 $23.49 $20.55 $18.27
2.5% $36.53 $29.89 $25.29 $21.92 $19.34
3.0% $41.10 $32.88 $27.40 $23.49 $20.55
3.5% $46.97 $36.53 $29.89 $25.29 $21.92
4.0% $54.80 $41.10 $32.88 $27.40 $23.49

Undervalued vs current price Overvalued vs current price

Frequently Asked Questions

Why use a 9% discount rate for Eaton?

Westmount Research. "Eaton Corporation (ETN) Intrinsic Value: A DCF Analysis." westmountfundamentals.com, March 18, 2026.

Disclaimer: The numbers presented on this page are for educational and entertainment purposes only. They are the result of a deterministic mathematical model fed with assumptions generated by an Artificial Intelligence (Gemini 3.1). This does not constitute investment advice. Always conduct your own due diligence before investing in the stock market.