NASDAQ · TRNS

Transcat, Inc.

Industrials · Specialty Business Services

$84.31▲ 2.37% ($1.95)today

As of 4:00 PM ET

52-week

$50.23$100.00

Market cap

$789.13M

P/E

231.77

Volume

98.08K

Shares outstanding

9.36M

What the market price implies · Reverse DCF

To support a price of $84.31, this model requires revenue to grow by 31.56%/yr over the next 10 years, compounded annually.

Historical revenue grew by 12.8%/yr over the past 4 years. The required annual growth rate is 18.75 percentage points higher.

Selected forecast · Base scenario

9.75%/yr · actual 10-year annualized revenue growth

Year 1 growth: 15.28%

Market-implied · Base operating assumptions + edited margins

31.56%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$84.31

Estimated value / share

$12.42

Base scenario

This estimate is 85.26% below the price used.

USD · TTM ending 2026-06-27

Year 1 growth 15.28% · Ending margin 3.02% · Discount rate 8.09%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 11, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-27
Data refreshed: Sep 14, 2026, 6:20 PM UTC · provider

Why this method?

FCFF is positive, but the series is too unstable to anchor a direct cash-flow CAGR and the business still fails the steady-state comparability checks. Use a revenue-and-margin transition model instead of normalizing and compounding current FCFF.

Is FCFF positive and has it been for 3+ consecutive years? 11 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 166.1%.

Do you have 5+ years of positive FCFF history? 11 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? Revenue is still growing 20.5%, above the 15.0% maturity threshold, so a steady-state FCFF model would lean too heavily on a business still scaling.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 10.34%Revenue (TTM): 20.17%FCF (TTM): 29.51%P/FCF: 41st pct

What changed

The stock rose 10.34% over the last year. Revenue grew 20.17% over the trailing twelve months. Operating margin moved from 7.36% to 3.02%. Free cash flow grew 29.51% over the trailing twelve months.

What the market seems to be pricing

The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 3.02%. A decisive move in revenue — currently up 20.17% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Transcat, Inc. is a provider of accredited calibration and laboratory instrument services, and a value-added distributor of professional grade test, measurement, and control instrumentation.

CEOJaime A. Irick

SectorIndustrials

IndustrySpecialty Business Services

Employees1,413

IPO dateDec 5, 1977

https://www.transcat.com

Market multiples

Forward P/E—

EV/EBITDA20.37

Enterprise value$789.64M

Stock splits

Jul 23, 1997↑ Forward

Every 1 shares became 2

+100%

Aug 3, 1982↑ Forward

Every 1 shares became 2

+100%

Aug 4, 1981↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth20.5%

Gross margin (FY2026)32.63%▲0.5ppvs FY2025

Operating margin (FY2026)4%▼2.4ppvs FY2025

ROE1.16%▼0.7ppvs FY2026

Analyst consensus

RatingBuy

Target price$123.60▲46.60%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 2, 2026

Q4 FY26 · EPS est $0.41 · Revenue est $92.42M

View

NASDAQ · TRNS

Transcat, Inc.

Industrials · Specialty Business Services

$84.31▲ 2.37% ($1.95)today

As of 4:00 PM ET

52-week

$50.23$100.00

Market cap

$789.13M

P/E

231.77

Volume

98.08K

Shares outstanding

9.36M

What the market price implies · Reverse DCF

To support a price of $84.31, this model requires revenue to grow by 31.56%/yr over the next 10 years, compounded annually.

Historical revenue grew by 12.8%/yr over the past 4 years. The required annual growth rate is 18.75 percentage points higher.

Selected forecast · Base scenario

9.75%/yr · actual 10-year annualized revenue growth

Year 1 growth: 15.28%

Market-implied · Base operating assumptions + edited margins

31.56%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$84.31

Estimated value / share

$12.42

Base scenario

This estimate is 85.26% below the price used.

USD · TTM ending 2026-06-27

Year 1 growth 15.28% · Ending margin 3.02% · Discount rate 8.09%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 11, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-27
Data refreshed: Sep 14, 2026, 6:20 PM UTC · provider

Why this method?

Is FCFF positive and has it been for 3+ consecutive years? 11 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 166.1%.

Do you have 5+ years of positive FCFF history? 11 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 10.34%Revenue (TTM): 20.17%FCF (TTM): 29.51%P/FCF: 41st pct

What changed

The stock rose 10.34% over the last year. Revenue grew 20.17% over the trailing twelve months. Operating margin moved from 7.36% to 3.02%. Free cash flow grew 29.51% over the trailing twelve months.

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 3.02%. A decisive move in revenue — currently up 20.17% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Transcat, Inc. is a provider of accredited calibration and laboratory instrument services, and a value-added distributor of professional grade test, measurement, and control instrumentation.

CEOJaime A. Irick

SectorIndustrials

IndustrySpecialty Business Services

Employees1,413

IPO dateDec 5, 1977

https://www.transcat.com

Market multiples

Forward P/E—

EV/EBITDA20.37

Enterprise value$789.64M

Stock splits

Jul 23, 1997↑ Forward

Every 1 shares became 2

+100%

Aug 3, 1982↑ Forward

Every 1 shares became 2

+100%

Aug 4, 1981↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth20.5%

Gross margin (FY2026)32.63%▲0.5ppvs FY2025

Operating margin (FY2026)4%▼2.4ppvs FY2025

ROE1.16%▼0.7ppvs FY2026

Analyst consensus

RatingBuy

Target price$123.60▲46.60%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 2, 2026

Q4 FY26 · EPS est $0.41 · Revenue est $92.42M

View