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AGCO Corporation (AGCO) Fair Value & Analysis

Industrials · US · Market cap $8.3B · ISIN US0010841023

What is AGCO Corporation really worth?

AC AGCO Corporation logo AGCO Corporation AGCO · US
Price$125.82
Fair Value$147.78
Upside+17.5%
Quality62/100

A solid business, trading 15% below our fair value of $147.78.

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Strengths

Moderate debt · generates free cash flow
Ranks above peers (10/15)

Risks

!Weak Growth (revenue 5y +2.0 %/yr)
!Thin margins · 7.4% net margin
!Moderate moat 48/100
!Weak on dividend: 18 out of 100

For context

·0.92% dividend yield
Evidence: High Range $90.45 – $205.14

Fair value as of: Aug 30, 2026

From 26 valuation models · updated 6 days ago

Share price +17.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range ($90.45 to $205.14) leaves room in how you read the outcome.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

$140.13 $74.81 Fair Value $147.78 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range $74.81 – $140.13 · fair‑value band $90.45 – $205.14 · the $125.82 price screens below the $147.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

AGCO Corporation (AGCO) currently trades at $125.82, while our model-based Fair Value estimate is $147.78, implying the stock looks roughly 14.9% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of $184.20 per share, and 14 of the 26 models we run sit above the $125.82 price. Bear case: the Dividend Discount group reads lowest at $16.76, and 12 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, AGCO Corporation generated revenue of $10.4B at a net margin of 7.4%. Revenue grew 14.3% year over year. It earns a return on equity of 17.5%. Net debt stands at $1.8B. Fundamentals as of Aug 30, 2026

Our scenario range runs from $90.45 (bear case) to $205.14 (bull case); at $125.82, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic. The share trades about 12% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at 17%, AGCO screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $6.24 per share, which is 4.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF $89.08 $144.42 $224.61 79
Growth DCF $90.79 $139.82 $206.65 78
Owner Earnings $98.82 $159.10 $246.43 75
All 26 models by family
DCF Models
FCF DCF $89.08 $144.42 $224.61 79
Owner Earnings $98.82 $159.10 $246.43 75
5Y Revenue Exit $72.62 $122.52 $185.20 71
5Y EBITDA Exit $97.49 $168.66 $250.78 74
5Y P/E Exit $108.66 $189.41 $273.34 70
10Y Revenue Exit $75.22 $121.35 $181.48 66
10Y EBITDA Exit $93.21 $152.54 $230.05 67
10Y P/E Exit $100.15 $166.56 $246.76 63
Earnings-Based
Graham-Dodd $68.23 $204.25 $270.58 65
Lynch FV $43.26 $61.81 $80.35 61
PEG = 1.0 $43.26 $61.81 $80.35 57
EPV $58.77 $71.23 $81.99 74
Dividend Discount
Gordon GGM $10.49 $20.91 $31.66 67
DDM Multi-Stage $10.49 $16.76 $22.07 66
Multiples
P/E Multiple $158.03 $210.70 $263.38 63
P/S Multiple $127.93 $170.57 $213.21 58
P/B Multiple $127.93 $170.57 $213.21 55
EV/EBIT $102.85 $143.86 $184.87 66
EV/EBITDA $118.01 $164.08 $210.14 67
EV/Revenue $67.63 $105.26 $142.89 53
Asset-Based
NCAV (Graham) $29.51 $39.54 $59.02 54
Growth DCF
Growth DCF $90.79 $139.82 $206.65 78
Rev-Margin DCF $72.62 $123.24 $181.03 72
Economic Profit
Residual Income $63.92 $86.81 $301.76 64
ROIC Compounder $58.77 $77.29 $100.27 72
Growth Earnings
Growth-Adj P/E $128.94 $184.20 $239.46 67

Widest divergence: Growth Earnings ($184.20) versus Dividend Discount ($16.76). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 12.1
P/S ratio 0.87 P/E × margin
EPS (TTM) $10.38 price ÷ EPS = P/E 12.1
Dividend yield 0.9% payout 11.2%
Net margin 7.2% FY2025
Return on equity 17.5% TTM
More key figures
Profitability
Return on assets (EBIT) 10.7% avg 5y
Operating margin 3.9% TTM
Growth
Revenue (TTM) $10.4B TTM
Revenue growth (YoY) +14.3% 3y avg −7.3%
EPS growth (YoY) +442%
Balance sheet & cash flow
Free cash flow $740M FY2025
Net debt $1.8B FY2025 · ≈ 2.5 yrs of FCF

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 50

Profitability 49
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

AGCO Corporation manufactures and distributes agricultural equipment and replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and …

Full company description

AGCO Corporation manufactures and distributes agricultural equipment and replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses. The company also provides grain storage bins and related drying and handling equipment systems; seed-processing systems; swine and poultry feed storage and delivery systems; ventilation and watering systems; and egg production systems and broiler production equipment. In addition, it offers round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in cattle, dairy, horse, and renewable fuel industries. Further, the company provides implements, including disc harrows leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators that prepare smooth seed bed and destroy weeds; drills for small grain seeding; planters and other planting equipment; and loaders. Additionally, it offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, including self-propelled, three- and four-wheeled vehicles, and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground, as well as produces diesel engines, gears, and generating sets. The company markets its products under the Fendt, Massey Ferguson, PTx, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AGCO Corporation reported revenue of $10.1B in FY2025 versus $11.1B in FY2021, a compound −2.5%/yr. Reported net income was $727M in FY2025, compounding −5.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$10.1B
Latest YoY
−13.5%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−7.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.0%
Avg. revenue growth/yr (33Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
+13.4% (12.5 + 0.9)
Revenue −2.5%/yr
FY21 $11.1B
FY22 $12.7B
FY23 $14.4B
FY24 $11.7B
FY25 $10.1B
Net income −5.1%/yr
FY21 $897M
FY22 $890M
FY23 $1.2B
FY24 −$425M
FY25 $727M
Character of growth · EPS growth decomposed (2014-2025) +16.6 % p.a.
Revenue per share +6.4 %

of which total revenue +4.6 % · buybacks/dilution +1.8 %

EBIT margin +6.4 %
Tax rate +3.1 %
Residual (interest, one-offs) −0.1 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "AGCO Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AGCO

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Farm & Heavy Construction Machinery · 150 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 62 · Top 25%
Fair Value upside +18% · Above median
Return on equity (TTM) 18% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth 14% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.54× · Higher than 75% of peers

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 12.1× · Cheaper than 75% of peers
P/B 1.95× · Pricier than median
P/S (TTM) 0.80× · Cheaper than median
P/FCF 11.2× · Pricier than median
EV/EBITDA 9.3× · Cheaper than median
PEG 1.13× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE57 · sector 12
FUTURE72 · sector 29
PAST70 · sector 31
HEALTH73 · sector 93
DIVIDEND18 · sector 39

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $800.25 $307.83 −62%
Deere & Company DE $622.66 $182.29 −71%
AB Volvo (publ), VOLVA kr 351.40 kr 288.08 −18%
PACCAR Inc PCAR $122.45 $94.80 −23%
Daimler Truck Holding DTG €45.73 €47.70 +4%
Epiroc AB EPIA kr 272.80 kr 144.14 −47%
Exor N.V EXO €72.10 €123.44 +71%
Sany Heavy Industry Co 600031 ¥19.06 ¥20.84 +9%
Traton SE 8TRA €37.78 €52.60 +39%
Metso Oyj METSO €16.75 €10.73 −36%

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Frequently asked questions

Is AGCO Corporation (AGCO) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of $147.78 versus a price of $125.82, about +17% upside (undervalued).
What is the fair value of AGCO?
Our model-based fair value for AGCO Corporation is $147.78 (as of Aug 30, 2026), built from audited fundamentals. The current price: $125.82.
What is the quality score of AGCO?
AGCO Corporation has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of AGCO Corporation (AGCO)?
AGCO Corporation reported trailing-twelve-month revenue of about $10.4B (latest available figure, as of Aug 30, 2026).
What is the net profit margin of AGCO?
The net profit margin of AGCO Corporation is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.
Does AGCO Corporation pay a dividend?
AGCO Corporation currently shows a dividend yield of about 0.92% relative to its recent price (as of Aug 30, 2026).
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