Choose a model
Each card values Middleby a different way, shown at our starting inputs. Pick one to see and change how it works.
Set your assumptions
Middleby on free cash flow: free cash flow per share, the cash left after investment, grows and is priced at a normal multiple.
Years to project
Growth of free cash flow per share
Free cash flow per share; starts at its own recent growth
Exit P/FCF
Starts at its own median P/FCF over five years
Your desired return
Margin of safety
More
Your buy price
The expected return is measured from it; starts at today's price
How it's worked out
Today's free cash flow per share
Last twelve months
$10.66
Free cash flow in 2031
Grows 3.8% a year for 5 years
$12.85
Price in 2031
$12.85 × 17.4 P/FCF
$223.52
Worth today
÷ 1.10^5: your 10% a year, taken back out
$138.79
Fair value
The most you can pay and still earn 10% a year
$138.79
Buy below
Fair value minus your 25% margin of safety
$104.09
Paying $127.38 instead gives 11.9% a year. Every rule is on the methodology page.
Outcome
What your assumptions give, and the path from today's price.
Fair value
$138.79
Expected return
11.9% a year
Future price, 2031
$223.52
Buy below
$104.09
Price 8% below fair valuePrice $127.38, at your 10% return
Projection
Solid blue: the price at each year end. Dashed blue: from today's price to the 2031 price. Green: from the fair value, rising at your 10% a year to the same end point; buy at or below it and you earn at least that. Every rule is on the methodology page. A model, not a forecast or advice.
Build your own intrinsic value for The Middleby Corporation. Start from three cases based on the company's own filings, then change any number to match your view.
Conservative
$140.51
10% above the priceof $127.38
Buy below $105.39 for a 25% safety margin
Your assumptions
Base
$191.00
50% above the priceof $127.38
Buy below $143.25 for a 25% safety margin
Your assumptions
Optimistic
$250.46
97% above the priceof $127.38
Buy below $187.85 for a 25% safety margin
Your assumptions
Where today's price sits
Today's price falls outside the modelled range.
Verdict
Today's price sits below all three scenarios. That reading is only as reliable as the growth rates entered.
Base free cash flow
$482M
Trailing twelve months
Historical FCF CAGR
+5.0%
Across 6 reported periods
Market implies
-0.2%
Growth needed at 8% WACC
Terminal value share
61%
Of the base case valuation
Growth needed to justify today's price
At a 8.0% discount rate, today's price already assumes -0.2% annual free cash flow growth for ten years. Your base case assumes 5.0%, so you are forecasting more growth than the price requires.
Curve holds terminal growth at 2.5%, years 6 to 10 at half the first-stage rate, and applies no safety margin.
Free cash flow history
The most recent period is the base every projection starts from. Compounded, that history is +5.0% a year.
Middleby (MIDD) intrinsic value and fair value
The calculator grows one of Middleby's per-share figures (earnings, free cash flow, revenue, book value or dividends) for a few years, puts an exit multiple on it, and discounts the result back at the yearly return you want. The answers below use its starting inputs for MIDD; this is analysis, not investment advice.
Frequently asked
What is Middleby's (MIDD) intrinsic value?+
With Intrinsiqq's starting inputs, Middleby's fair value is about $138.79 a share, based on its free cash flow per share. That assumes free cash flow per share of $10.66 grows about 3.8% a year for 5 years, the stock then trades at 17.4 times free cash flow, and you want a 10.0% yearly return. On its other figures: revenue $177.65. Every input can be changed on the page; the result is a model, not a forecast.
Is Middleby overvalued?+
At $127.38, the price is 8% below that fair value of $138.79, and buying at today's price would return about 11.9% a year if those inputs hold. Whether that is cheap or dear depends on whether you believe the growth and the exit multiple, which is what the calculator lets you test. This is analysis from SEC filings, not investment advice.
What growth does the Middleby valuation assume?+
Free cash flow per share grows about 3.8% a year to start, its own recent growth per share (three years for a company not yet profitable, five otherwise). The exit multiple starts at its own median over five years.
What is a good margin of safety for Middleby?+
A margin of safety is the cushion you want below the fair value before buying, in case the inputs are wrong. The calculator uses 25%, which puts the buy-below price at $104.09. Less predictable businesses deserve a wider cushion, or a higher desired return.
SourceFair value computed from the 10-Q filed 10 Aug 2026, covering the period ending 4 Jul 2026, as reported to the SEC. Data last refreshed 14 Aug 2026. How this is calculated.
Price from market data, last close as of 4 Nov 2026. Fiscal year ends Jan.
Peers
Refrigeration & Service Industry Machinery · Pick stocks to compare with MIDD
Held by ETFs
MIDD is in 109 US ETFs. The largest of them, with MIDD's weight in each:
Spot a number that looks wrong? Check it in MIDD's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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