Atmus Filtration Technologies Inc. (ATMU) stock analysis
Close on Nov 13, 2026Market cap $4.52BP/E 20.5Yield 0.38%
StockData Score
Prices as of Nov 13, 2026How the score works
Mixed13 of 30 checks passed
Atmus Filtration Technologies passes 13 of the 30 checks behind our score; 6 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 3/6
- Past performance
- 5/6
- Financial health
- 4/6
- Dividend
- 1/6
What stands out
Return on equity over 15%
Return on equity was 52.5% over the last twelve months and averaged 66.1% over five years.
Return on capital over 10%
Return on invested capital was 27.8%, above the 10% that usually covers the cost of capital.
Interest well covered
Operating income covers interest expense 6.8 times.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 27.6% of total debt.
What to watch
Margin of safety under 20%
The price is 46.4% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $55.34 is above our fair value estimate of $37.79.
High debt
Debt is 188% of shareholders' equity, above the 40% we consider low.
Revenue growing under 10% a year
Revenue grew 4.1% a year over the last three fiscal years, short of the 10% we look for.
Valuation0/6
P/E above its 5-year median
Atmus Filtration Technologies's P/E of 20.5 is above its own 5-year median of 17.1.
P/E above the industry
Atmus Filtration Technologies's P/E of 20.5 is above the Motor Vehicles and Motor Vehicle Equipment median of 17.4.
EV/EBITDA above its 5-year median
Atmus Filtration Technologies's EV/EBITDA of 13.7 is above its 5-year median of 12.2.
P/B above the industry
Atmus Filtration Technologies's price-to-book of 8.95 is above the Motor Vehicles and Motor Vehicle Equipment median of 1.57.
Trading above fair value
The share price of $55.34 is above our fair value estimate of $37.79.
Margin of safety under 20%
The price is 46.4% above fair value, so there is no margin of safety.
Growth3/6
Revenue growing under 10% a year
Revenue grew 4.1% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.8% a year over the last three fiscal years.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 13.8% over the last twelve months; the Motor Vehicles and Motor Vehicle Equipment median is 5.5%.
Guidance raised
Atmus Filtration Technologies raised its full year 2026 Total company Net sales outlook on Aug 7, 2026.
Gross margin improving
Gross margin was 29.2% over the last twelve months, against 27.7% a year earlier.
Past performance5/6
Return on equity over 15%
Return on equity was 52.5% over the last twelve months and averaged 66.1% over five years.
Return on capital over 10%
Return on invested capital was 27.8%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Atmus Filtration Technologies's return on equity of 52.5% is above the Motor Vehicles and Motor Vehicle Equipment median of 3.5%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 11.3% over the last twelve months, against a 5-year average of 11.2%.
Net margin above the industry
Atmus Filtration Technologies's net margin of 11.3% is above the Motor Vehicles and Motor Vehicle Equipment median of 1.9%.
Financial health4/6
High debt
Debt is 188% of shareholders' equity, above the 40% we consider low.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 27.6% of total debt.
Interest well covered
Operating income covers interest expense 6.8 times.
Short-term assets cover short-term debts
Current assets are 2.56 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 4.34; above 3 is the safe zone and below 1.8 the distress zone.
Dividend1/6
Pays a dividend
Atmus Filtration Technologies paid dividends worth 0.4% of the share price over the last twelve months.
Yield below Treasuries
The 0.4% yield is below the 4.7% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; Atmus Filtration Technologies yields 0.4%.
Dividend stability
Fewer than five years of dividend history.
Earnings cover
Needs dividends paid and net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$37.79
The share price is 46% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 17.3× | 17.1× | 17.4× | $46.65 | 44% |
| EV/EBITDA | 9.6× | 12.2× | 8.2× | $36.29 | 39% |
| Earnings power | 9.7% cost of equity | – | – | $17.68 | 17% |
| Fair value | $37.79 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 17.1
- Motor Vehicles and Motor Vehicle Equipment median 17.4
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $32.76M
- Value traded per 1% price move
- $18.76M
Downside
Medium risk
- Typical loss in a bad month
- 20.3%
- Volatility (annualized)
- 41%
- Sharpe ratio, 1 year
- 0.15
- Beta to the S&P 500 (5Y)
- 0.92
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.7% | +4.1% | – | – | |
| Gross profit | +7.8% | +11.5% | – | – | |
| Operating income | +12.3% | +13.6% | – | – | |
| Net income | +11.7% | +6.8% | – | – | |
| EPS, diluted | +12.6% | +6.8% | – | – | |
| Free cash flow | +162.0% | +5.1% | – | – | |
| Dividend per share | +110.0% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 68.5% | |
| Return on assets | – | – | 16.3% | |
| Current ratio | – | – | 2.42 | |
| Debt to equity | – | – | 1.51 | |
| Net debt to EBITDA | – | – | 1.01× | |
| Interest coverage | – | – | 9.0× | |
| Inventory turnover | – | – | 4.6× | |
| Capex to revenue | – | – | 3.1% | |
| Diluted shares | – | – | 83M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Atmus Filtration Technologies generated $872.70M from operations and spent $299.90M on capital expenditure, dividends and share buybacks. 73% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.8% | 1.39× | 4.19× | 68.5% |
| FY2024 | 11.1% | 1.47× | 7.40× | 120.5% |
| FY2023 | 10.5% | 1.66× | 3.65× | 63.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$207.40M
- Cash generatingOperating cash flow above zero$202.70M
- Return on assets improvedROA up on the prior year17.0% → 17.4%
- Earnings backed by cashOperating cash flow above net income$202.70M vs $207.40M
- Less leverageLong-term debt to assets fell47.9% → 40.0%
- Better liquidityCurrent ratio rose2.19 → 2.42
- No dilutionShare count did not rise84M → 83M
- Gross margin improvedGross margin up on the prior year27.68% → 28.24%
- More efficientAsset turnover rose1.53 → 1.48
See a number that looks wrong?