Teledyne Technologies

Methodology

Teledyne's diversified instrumentation and imaging businesses generate relatively stable earnings from aerospace, defense, and industrial markets. Digital imaging and marine instrumentation provide visibility. The calculation works well for this acquisition-focused conglomerate with balanced exposure across instrumentation, imaging, and engineered systems.

Methodology

Teledyne typically commands premium PEG ratios reflecting consistent acquisition execution, niche market leadership positions, and diversified end market exposure. While growth appears modest organically, the serial acquisition strategy and operational improvements justify valuations. Compare to other diversified industrial technology companies and Teledyne's historical range.

Methodology

Teledyne pays no dividend, making PEGY equal to PEG as management prioritizes acquisitions and internal investments over shareholder distributions. Capital allocation focuses entirely on compounding through strategic deals in instrumentation markets. For Teledyne, acquisition execution and organic growth matter far more than current shareholder income.