# Acuity Inc. (AYI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Electrical Equipment. Price $334.05, market value $10.0 billion.

## Valuation
- **P/E (trailing): 22.2×** (5-yr avg 19.2×, 3-yr avg 19.9×). Acuity Inc. trades at 22.2× trailing earnings, close to its own five-year average of 19.2×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 15.4×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.2×**. Each dollar of revenue is priced at 2.2×.
- **Price / book: 3.5×**. The shares trade at 3.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 12.6×**. Enterprise value is 12.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.4%** (5-yr avg 6.4%). Free cash flow equals 6.4% of the market value, in line with its five-year average of 6.4%. Above 5% is generally attractive.
- **Earnings yield: 4.5%**. The inverse of the P/E: 4.5% of the price is earned each year.

## Profitability
- **Gross margin: 49.3%**. Acuity Inc. keeps 49.3% of revenue after the direct cost of what it sells.
- **Operating margin: 14.5%**. 14.5% of revenue is left after running the business.
- **Net margin: 9.1%**. 9.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.6%**. 14.6% on shareholders' equity is solid.
- **Return on invested capital: 16.5%**. Return on all capital, debt included, is 16.5%: comfortably above what that capital costs.
- **Return on assets: 9.9%**. Each dollar of assets produces 9.9% of profit.

## Growth
- **Revenue growth (1 yr): 13.1%** (3-yr 2.7%/yr, 5-yr 5.5%/yr). Revenue grew 13.1% over the last year, against 5.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -6.8%** (3-yr 4.2%/yr, 5-yr 14.9%/yr). Earnings per share fell 6.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 27.1%/yr**. Free cash flow has compounded at 27.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.33**. Debt is 0.33 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 5.06**. A Z-score of 5.06 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.23%** ($0.74 per share, trailing). Acuity Inc. yields 0.23%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 5%** (4% of free cash flow). 5% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 17**. 17 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 5.5%/yr** (1-yr 13.3%). The dividend has grown 5.5% a year over five years.

## Price and momentum
- **Total return (1 yr): -1.3%** (YTD -7.0%, 3-mo 10.7%). The shares are down 1.3% over twelve months including dividends.
- **From 52-week high: -12.1%** (30.0% above the low). Trading 12% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 1.44** (volatility 38%). Beta of 1.44 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AYI · Page: https://foliofundamentals.com/stocks/ayi

Not investment advice.