VRT Analysis — TradeApes

Vertiv Holdings Co (VRT)

Technology Electronic Components

$300.51 close · Jun 06, 2026

Above 200 SMA

52W -20.1% from High

Methodology Breakdown

Methods agree on direction (under/over-valued) but the magnitudes diverge widely. The zone is defensible; the specific dollar isn't.

Method	Value	Role
DCF (Base Case)	$22.58	REFERENCE
DCF (TTM-anchored)	$434.46	REFERENCE
Peer Multiples	$50.09	REFERENCE
Book Value Anchor	$15.32	REFERENCE
Earnings Anchor	$21.55	REFERENCE
Cash Floor	$3.84	REFERENCE
NAV Anchor	$15.32	REFERENCE

Verdict basis:


              direction_agreement

⚠️

Multiple stretched z = +1.52

EV/EBITDA (51.1×) is 1.52 std deviations above its 2-year average

Jun 06

Health Score

Out of 100

Weak

Pillar Scores

Financial Strength 35

Operating Trend 50

Valuation 5

Capital Allocation 50

Risk Management 80

Positives

Concerns

↓ Historically expensive — EV/EBITDA in top 20% of its 5-year range -6.3

↓ Extreme P/E — above 45×, very high expectations embedded in price -5.0

↓ Weak liquidity — current assets below current liabilities -2.5

Signal contribution: -15.1 from concerns

Health Score Trend 3 snapshots

Cross-Check: Greenblatt Magic Formula

✓ Aligned

Earnings Yield

1.6%

Rank 1080 / 1256

Return on Capital

75.8%

Rank 366 / 1256

Combined Rank

34th pctl

1256 companies ranked

Based on Joel Greenblatt's Magic Formula methodology. Not investment advice.

Financials

TTM Financials

Revenue ?Total sales generated from the company's primary business activities over the trailing twelve months.	10.84B
Gross Profit ?Revenue minus cost of goods sold. What remains before operating expenses — reflects pricing power and production efficiency.	—
Operating Income ?Profit from core business operations after all operating expenses (EBIT). Excludes interest and taxes.	1.98B
Net Income ?Bottom-line profit after all expenses, interest, and taxes are deducted from revenue.	1.56B
Free Cash Flow ?Operating cash flow minus capital expenditures. The actual cash the business generates after maintaining its assets — the truest measure of profitability.	2.28B
EBITDA ?Earnings before interest, taxes, depreciation & amortization. A proxy for operating cash earnings that strips out accounting and financing differences.	2.32B
Total Debt ?Combined short-term and long-term interest-bearing debt obligations. Compare against cash and earnings to gauge leverage risk.	2.92B
Cash & Equivalents ?Highly liquid assets on hand — cash, money market funds, and short-term securities. The company's immediate financial cushion.	2.15B

Valuation

Market Cap	117.84B
Enterprise Value	118.68B
EV / Revenue	10.9x
EV / EBITDA	51.1x
P/E (TTM)	75.6x
Forward P/E (extrapolated)	32.1x
PEG	—
P/FCF	51.7x
FCF Yield	1.9%

EV/EBITDA vs history — 86% percentile (historically expensive)

CheapMidExpensive

EV/Sales vs history — 86% percentile (historically expensive)

CheapMidExpensive

P/Book vs history — 85% percentile (historically expensive)

CheapMidExpensive

Relative Valuation

Using relative multiples

EV / Revenue

10.9x

Book Value / Share

$10.83

Price / Book

27.8x

P/E (TTM)

75.6x

Price / Sales

10.9x

Key Metrics

Gross Margin ?Gross profit as a % of revenue. Measures how efficiently the company produces its goods or services — higher is better.	—
EBITDA Margin ?EBITDA as a % of revenue. Shows core operating profitability before accounting adjustments — useful for comparing across industries.	—
Net Margin ?Net income as a % of revenue. The ultimate measure of overall profitability after every expense, interest payment, and tax is accounted for.	—
FCF Margin ?Free cash flow as a % of revenue. Shows how much of each dollar of revenue converts into real, spendable cash.	—
Revenue Growth (YoY) ?Year-over-year change in total revenue. Measures business momentum — sustained growth above 15% is typically considered strong.	—
Net Income Growth (YoY) ?Year-over-year change in net income. Shows whether profits are growing faster or slower than revenue — a key indicator of improving or deteriorating quality.	184180.6%
Piotroski F-Score ?Score from 0–9 measuring financial strength across profitability, leverage, and efficiency signals. 8–9 = strong, 0–2 = distressed.	2 / 9
Altman Z-Score ?Bankruptcy risk model. Above 2.99 = safe zone, 1.81–2.99 = grey zone, below 1.81 = distress signal. Most useful for manufacturing companies.	—

Community Sentiment

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Quarterly Financials

Metric	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25	Q4 '24	Q3 '25	Q2 '25	Q1 '25	Q4 '24	Q3 '24	Q2 '24
Revenue ?Total quarterly sales from primary business operations.	2.65B	2.88B	2.68B	2.64B	2.04B	2.35B	2.07B	1.95B	1.64B	1.87B	1.74B	1.73B
Gross Profit ?Quarterly revenue minus cost of goods sold.	—	—	—	—	—	—	—	—	—	—	—	—
Operating Income ?Quarterly profit from core operations before interest and taxes (EBIT).	440.1M	579.9M	516.7M	442.4M	290.7M	457.2M	371.6M	336.0M	202.6M	285.2M	250.9M	205.8M
Net Income ?Quarterly bottom-line profit after all expenses and taxes.	390.1M	445.6M	398.5M	324.2M	164.5M	147.0M	176.6M	178.1M	-5.9M	232.6M	94.1M	83.2M
FCF ?Quarterly free cash flow: operating cash minus capital expenditures.	654.2M	885.6M	463.5M	277.9M	266.8M	364.5M	338.7M	347.4M	101.7M	308.4M	222.2M	227.8M

Revenue & Free Cash Flow

Market Cap vs. DCF Fair Value Band

Shaded region = bear-to-bull DCF range. Line = actual market cap.

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Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Scores and valuations are derived from SEC filings and publicly available data. Always do your own research before making investment decisions.