STE

NYSE

STERIS plc

Health Care, Health Care Equipment

$237.47

close 7 Aug 2026

-1.72%

52-week change

$23.22B

market cap

$195.14

$269.44

52-week range

Expected price

$343.44 – $419.76

Current price

$237.47

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)29.95x

P/S (TTM)3.91x

P/B3.23x

EV/EBITDA (TTM)15.84x

FCF yield (TTM)4.19%

PEG (TTM, GAAP)0.32

Context

P/E, own 5-year average66.63x

P/E, sector median29.65x*

Price at 5-year median P/E$384.28*

Indicated dividend yield1.06%

Forward — analyst consensus

Forward P/E (FY2027)21.25x*

Forward P/E (FY2028)19.41x

Forward PEG2.24*

Consensus EPS FY2027 (8 analysts)$11.17

EPS growth (FY2027→FY2028)9.50%

Revenue growth (FY2027)7.32%

Street view

Price target (mean)$258.29*

Target upside8.77%

Ratings (buy / hold / sell)6 / 2 / 0

FY2027 EPS revisions, 30d (up / down)0 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 31 Mar 2026, filed 29 May 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +16.64%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$237.47

Cash & equivalents$482.30M

Total debt$1.89B

Shares outstanding97.80M

Result

DCF price per share$514.43

Current price$237.47

Margin of safety+116.63%

PV of years 1–10$14.48B

PV of terminal value$37.24B

Equity value$50.31B

Market-implied growth+7.06%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	Terminal
Growth, %											2.5
FCF	$1.08B	$1.26B	$1.47B	$1.71B	$2.00B	$2.33B	$2.72B	$3.17B	$3.70B	$4.31B	$80.40B
PV	$999.65M	$1.08B	$1.17B	$1.26B	$1.36B	$1.47B	$1.59B	$1.71B	$1.85B	$2.00B	$37.24B

period to 30 Jun 2026, filed 7 Aug 2026, close 7 Aug 2026