Snap-on (SNA)
Forward P/E is 17.71x against a peer median of 20.76x, a ratio of 0.85x, with trailing P/E 18.6x and PEG 2.43. The ratio is below 0.90, but revenue is shrinking slightly — the value-trap check — so the discount is treated as compensation for falling sales rather than a bargain, and the label is FAIRLY PRICED. Latest-quarter revenue grew -0.7% year over year (PRIMARY, EDGAR). Delivered demand check: the Industrial machinery & components group's median growth was +7.3% year over year — demand steady.
What would change this label: Move to UNDERVALUED if revenue growth returns above 0% year over year for two quarters while the forward P/E stays at or below about 18.7x (0.90x the peer median). Move to OVERVALUED if the forward P/E rises to about 23.9x or above (1.15x the peer median) at unchanged estimates, or if revenue falls by more than 5% year over year for two quarters.
Snap-on makes high-end tools and diagnostic equipment for professional mechanics. Its shares cost less than similar companies, but its sales are slightly shrinking while theirs are growing. Allowing for that weaker sales picture, the shares look fairly priced rather than a clear bargain.
Both lines start at 100 on 2020-09-01. Over the full window Snap-on returned +136.25% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for Snap-on: -25.0% (2021-06-01 to 2022-06-16). Source: Nasdaq official daily history.
What the label rests on
Forward P/E is 17.71x against a peer median of 20.76x, a ratio of 0.85x, with trailing P/E 18.6x and PEG 2.43. The ratio is below 0.90, but revenue is shrinking slightly — the value-trap check — so the discount is treated as compensation for falling sales rather than a bargain, and the label is FAIRLY PRICED. Latest-quarter revenue grew -0.7% year over year (PRIMARY, EDGAR). Delivered demand check: the Industrial machinery & components group's median growth was +7.3% year over year — demand steady. The company’s forward P/E is 17.7× against a peer median of 20.8×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the Industrial machinery & components group's median latest-quarter revenue growth was 7.3% year over year (SEC filings) — demand steady. This company grew -0.7%, below the group, with sales slightly falling. Latest-quarter sales growth was -0.7% versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| Snap-on (SNA) | $357.99 | 17.7× | 18.6× |
| FTV | — | 20.8× | 39.2× |
| NDSN | — | 25.7× | 32.8× |
| IEX | — | 24.7× | 32.4× |
| XYL | — | 15.6× | 19.5× |
| SWK | — | 17.4× | 24.6× |
| Peer median | 20.8× |
Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.
Sales, profit and cash
This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.
Free cash flow by quarter is not shown for Snap-on. Its SEC cash-flow facts do not separately tag spending on plant and equipment (normal for a bank), so a quarterly free-cash-flow figure cannot be built without estimating — and this programme does not estimate.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Oct 2026 2026-10-03 | $1.2B | — | $243M | 4.64 | — |
| Q/E Jul 2026 2026-07-04 | $1.2B | — | $261M | 4.96 | — |
| Q/E Apr 2026 2026-04-04 | $1.2B | — | $247M | 4.69 | — |
| Q/E Jan 2026 2026-01-03 | $1.2B | — | $261M | — | — |
| Q/E Sep 2025 2025-09-27 | $1.2B | — | $265M | 5.02 | — |
| Q/E Jun 2025 2025-06-28 | $1.2B | — | $250M | 4.72 | — |
| Q/E Mar 2025 2025-03-29 | $1.1B | — | $240M | 4.51 | — |
| Q/E Dec 2024 2024-12-28 | $1.2B | — | $258M | — | — |
| Q/E Sep 2024 2024-09-28 | $1.1B | — | $251M | 4.70 | — |
| Q/E Jun 2024 2024-06-29 | $1.2B | — | $271M | 5.07 | — |
| Q/E Mar 2024 2024-03-30 | $1.2B | — | $264M | 4.91 | — |
| Q/E Dec 2023 2023-12-30 | $1.2B | — | $255M | — | — |
The last twelve reported quarters. Full 25-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.
Earnings: getting better or worse?
Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.
Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.
Key facts
| Item | Value |
|---|---|
| Company (legal name in filings) | Snap-on Inc |
| Chief executive | Nicholas T. Pinchuk (source: https://www.fool.com/earnings/call-transcripts/2026/10/22/snap-on-sna-q3-2026-earnings-call-transcript/) |
| Sector | Industrials — Industrial Machinery & Supplies & Components — makes professional tools, diagnostic equipment and tool storage for vehicle repair |
| Share price (Oct 28, 2026) | $357.99 |
| Market value (market cap) | $18.4B — share price times shares outstanding of 51,581,233 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $4.8B |
| Net income, last twelve months | $1.0B |
| Free cash flow, last twelve months | — |
| Latest reported quarter | Q/E Oct 2026 (of 25 quarters in the data pack) |
| Six-year price return vs S&P 500 | +136.25% vs +118.28% |
| Worst peak-to-trough fall | -25.0% (2021-06-01 to 2022-06-16) |
What we could not verify
- Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
- TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
- Free cash flow is absent for one or more quarters: either the filer does not separately tag PP&E purchases in its EDGAR cash-flow facts (common for banks), or — for a successor registrant's newest quarter — the cash-flow lines are year-to-date without the prior-quarter rung needed to difference them. Affected quarters are null in the data, never estimated.
- Own-history P/E (5-year median): not computed in the Phase 1 batch — UNVERIFIED
- Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.
The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.
Sources
- SEC EDGAR submissions — Filing index; company legal name.
https://data.sec.gov/submissions/CIK0000091440.json - SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares.
https://data.sec.gov/api/xbrl/companyfacts/CIK0000091440.json - Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates.
https://api.nasdaq.com/api/quote/SNA/historical?assetclass=stocks - Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.
Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.