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⚠️ Not investment advice. Past performance does not guarantee future results.
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Acuity Brands AYI

United StatesIndustrials · Electrical Equipment & PartsUSD
6.0AI score
Rank 961 of 2,130
better than 51% of companies
300.42USD
▼ 13.4% in one year
AYI MSCI World +22.1%
Average analyst target
379.33 USD (+26.3%)
6 analysts
52-wk low 257.04High 380.17
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

Acuity Brands is a US manufacturer of commercial, industrial, and residential lighting, as well as building control systems and light management solutions, selling primarily through electrical distributors and contractors.

Key points

from its scores
  • ✓Very solid balance sheet7.9
  • ✓High-quality business7.6
  • ✓Strong growth7.0
  • ✕Poor share-price trend1.5
  • ✕Little or no dividend2.4

AI analysis

bottom line, main risk, context and news
Bottom line

Fundamentals are solid and valuation is attractive, but weak momentum and low dividend yield warrant waiting for confirmation of the trend before increasing the position.

Acuity Brands presents a very solid balance sheet (net debt/EBITDA of 0.07) and a return on invested capital of 20.99%, with earnings growth of 55.8% that, however, is not reflected in the price (forward P/E of 12.90). Momentum is weak (score 1.53), suggesting the market has not yet fully priced in its recovery potential.

⚠ Main risk

The main risk is weak momentum (score 1.53) and exposure to the US commercial construction cycle, which could delay revenue recovery (growth of only 2.9%) despite the current strong profitability.

Context and risks

Acuity is a lighting and building controls manufacturer with a very healthy balance sheet (net debt/EBITDA of 0.07) and no material exposure to commodities, interest rates, or shipping routes. The current macro context does not materially affect its business.

Is Acuity Brands stock cheap or expensive?

at the analysis date
Cheaper than its sector

On P/E and EV / EBITDA, it trades 24% below the Industrials median on average.

MultipleCompanySectorDifference
P/E19.925.4−22%
EV / EBITDA10.814.5−26%
Price / book3.24.1−22%
Price / sales1.92.1−6%

Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.

Valuation score: 6.7 out of 10 (median for Industrials: 5.0).

Average analyst target: 379.33 USD, +26.3% versus the price.

A discount may reflect more risk or slower growth than its sector: Financial health 7.9 (sector 6.4), Growth 7.0 (sector 6.6).

Indicative fair value · USD
Graham429.21▲ +43% vs price
Cash flow (DCF)488.19▲ +63% vs price
Price300.42at the analysis date

Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy AYICheapest · US (NYSE/Nasdaq) · sample 200.00 € orderCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderAvailable in your country · US (NYSE/Nasdaq) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiGood7.9Industrials median: 6.4
Quality / MoatiGood7.6Industrials median: 5.8
ValuationiFair6.7Industrials median: 5.0
GrowthiGood7.0Industrials median: 6.6
DividendiPoor2.4Industrials median: 5.4
MomentumiPoor1.5Industrials median: 5.9
Risk & ContextiWeak4.9Industrials median: 6.0
Industrials median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Industrials median
P/Ei
19.9
Industrials: 25.4below
EV / EBITDAi
10.8
Industrials: 14.5below
ROEi
18.6%
Industrials: 16.9%above
Operating margini
16.1%
Industrials: 12.4%above
Net debt / EBITDAi
0.07
Industrials: 1.58below
Revenue growthi
+2.9%
Industrials: +9.2%below

Valuation

P/E
19.9
Forward P/E
12.9
EV / EBITDA
10.8
Price / book
3.2
Price / sales
1.9
PEG
1.62
Market cap
9.0B USD
Enterprise value
9.1B USD

Profitability

ROE
18.6%
ROA
8.9%
ROIC (approx.)
21.0%
Gross margin
49.5%
Operating margin
16.1%
Net margin
11.4%
Free cash flow
621.5M USD
FCF yield
6.9%
Cash conversion
74%

Solvency

Total debt
697.4M USD
Net debt
61.1M USD
Cash
636.3M USD
EBITDA
842.5M USD
Net debt / EBITDA
0.07
Debt / equity
23.45
Current ratio
1.70
Quick ratio
1.16

Growth

Revenue growth
+2.9%
Earnings growth
+55.8%
EPS (TTM)
15.06 USD
EPS (forward)
23.29 USD

Dividend

Dividend yield
0.3%
Payout
4.9%

Risk and market

Beta
1.30
Analyst consensus
Buy (6)
Target price
379.33 USD
52-week range
257.04 – 380.17

Compare it with its sector

All 388 in Industrials →
See the full ranking with filters →

Keep browsing the ranking

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Frequently asked questions about Acuity Brands

Is Acuity Brands stock cheap or expensive?

On P/E and EV / EBITDA, it trades 24% below the Industrials median on average. Valuation score: 6.7 out of 10 (median for Industrials: 5.0). Average analyst target: 379.33 USD, +26.3% versus the price. This is not investment advice.

What score does Acuity Brands get on MeridIAn Screener?

It scores 6.0 out of 10, rank 961 of 2,130 (better than 51% of the companies analysed). Its strongest category is Financial health (7.9) and its weakest, Momentum (1.5). Analysis of 08/10/2026.

What is Acuity Brands's P/E ratio?

Its P/E is 19.9: the share price equals 19.9 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 12.9.

How much is Acuity Brands worth on the stock market?

Its market capitalisation is 9.0B USD and its enterprise value, debt included, is 9.1B USD.

How much debt does Acuity Brands have?

Its net debt (debt minus cash) is 61.1M USD. That is 0.07 times its EBITDA; the Industrials median is 1.58.

Does Acuity Brands pay a dividend?

Yes: its dividend yield is 0.27% and it pays out 5% of its earnings.

How has Acuity Brands stock performed over the last year?

It has fallen 13.4% over the last year, excluding dividends. Over the last 52 weeks it has traded between 257.04 and 380.17 USD. Past performance does not guarantee future results.

What do analysts think of Acuity Brands?

6 analysts cover it; their average recommendation is “Buy” and their average target is 379.33 USD (+26.3% versus the price). It is an estimate, not market data.