Ferguson Enterprises (FERG)
Forward P/E is 19.35x against a peer median of 19.61x, a ratio of 0.99x — inside the 0.90–1.15 fairly priced band, and above the 0.95 level needed to move to undervalued — with trailing P/E 22.48x and PEG not available (shown as n/a on the statistics page). Latest-quarter revenue grew 3.0% year over year (PRIMARY, EDGAR), below the group pace, but with no PEG above 2 on record the move to overvalued is not triggered. Delivered demand check: the Business services, data & distribution group's median growth was 7.2% year over year — demand steady, and this company is growing well below that pace.
What would change this label: Move to UNDERVALUED if the forward P/E compresses to about 17.6x or below (0.90x the peer median) at unchanged estimates, with revenue growth rising to at least 7.2% year over year. Move to OVERVALUED if the forward P/E rises to about 22.6x or above (1.15x the peer median) at unchanged estimates, or if revenue growth falls below 0% year over year for two quarters.
Ferguson distributes plumbing, heating and building supplies to tradespeople and businesses. Its shares cost about the same as similar companies, while sales grew a slow 3.0%. That makes the shares look fairly priced — no large premium to pay for, even though growth is slow.
Both lines start at 100 on 2020-09-01. Over the full window Ferguson Enterprises returned +136.17% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for Ferguson Enterprises: -43.6% (2022-01-03 to 2022-10-20). Source: Nasdaq official daily history.
What the label rests on
Forward P/E is 19.35x against a peer median of 19.61x, a ratio of 0.99x — inside the 0.90–1.15 fairly priced band, and above the 0.95 level needed to move to undervalued — with trailing P/E 22.48x and PEG not available (shown as n/a on the statistics page). Latest-quarter revenue grew 3.0% year over year (PRIMARY, EDGAR), below the group pace, but with no PEG above 2 on record the move to overvalued is not triggered. Delivered demand check: the Business services, data & distribution group's median growth was 7.2% year over year — demand steady, and this company is growing well below that pace. The company’s forward P/E is 19.4× against a peer median of 19.6×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the Business services, data & distribution group's median latest-quarter revenue growth was 7.2% year over year (SEC filings) — demand steady, and this company is growing well below that pace at 3.0%. Latest-quarter sales growth was +3.0% versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| Ferguson Enterprises (FERG) | $230.23 | 19.4× | 22.5× |
| PAYX | — | 17.9× | 21.4× |
| FAST | — | 37.3× | 41.6× |
| VRSK | — | 23.0× | 28.9× |
| EFX | — | 19.6× | 28.7× |
| BR | — | 16.8× | 18.5× |
| Peer median | 19.6× |
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
Gross margin = gross profit divided by sales, from SEC filings.
Free cash flow = cash from operations minus spending on plant and equipment, both from the company’s SEC cash-flow statement. Gaps are quarters where that spending line is not separately tagged in the filings — shown as gaps, never estimated.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Jun 2026 2026-06-30 | $8.8B | 31.0% | $666M | 3.43 | $-198M |
| Q/E Mar 2026 2026-03-31 | $7.5B | 31.0% | $414M | 2.13 | $680M |
| Q/E Dec 2025 2025-12-31 | $4.7B | 30.5% | $216M | — | $362M |
| Q/E Oct 2025 2025-10-31 | $8.2B | 30.7% | $570M | 2.90 | $312M |
| Q/E Jul 2025 2025-07-31 | $8.5B | 31.7% | $700M | — | — |
| Q/E Jun 2025 2025-06-30 | $8.4B | 31.2% | $634M | 3.21 | $181M |
| Q/E Apr 2025 2025-04-30 | $7.6B | 30.9% | $410M | 2.07 | $605M |
| Q/E Mar 2025 2025-03-31 | $7.2B | 30.7% | $345M | 1.73 | $801M |
| Q/E Jan 2025 2025-01-31 | $6.9B | 29.7% | $276M | 1.38 | $259M |
| Q/E Dec 2024 2024-12-31 | $4.5B | 29.2% | $166M | — | — |
| Q/E Oct 2024 2024-10-31 | $7.8B | 30.1% | $470M | 2.34 | $268M |
| Q/E Jul 2024 2024-07-31 | $7.9B | 31.0% | $451M | — | — |
The last twelve reported quarters. Full 15-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) | Ferguson Enterprises Inc. /DE/ |
| Chief executive | Kevin Murphy (source: https://en.wikipedia.org/wiki/Ferguson_Enterprises) |
| Sector | Industrials — Trading Companies & Distributors — distributes plumbing, heating and building supplies to trades and businesses |
| Share price (Oct 28, 2026) | $230.23 |
| Market value (market cap) | $44.4B — share price times shares outstanding of 193,452,717 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $29.1B |
| Net income, last twelve months | $1.9B |
| Free cash flow, last twelve months | $1.2B |
| Latest reported quarter | Q/E Jun 2026 (of 15 quarters in the data pack) |
| Six-year price return vs S&P 500 | +136.17% vs +118.28% |
| Worst peak-to-trough fall | -43.6% (2022-01-03 to 2022-10-20) |
What we could not verify
- 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
- PEG ratio: shown as n/a on the statistics page — UNVERIFIED (not available from the secondary source).
- 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/CIK0002011641.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/CIK0002011641.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/FERG/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.