Quality Investor

Enpro Inc.

Rank #380Value

NPO · NYSE · Industrials

Enpro Inc. (NPO) — Rank #380 by gross profitability (GP/assets 0.18) · ROE 2.6% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001164863 · all metrics point-in-time as of the filing date.

About

Enpro Inc., an industrial technology company, design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, Asia Pacific, and internationally.

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It operates in two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies for food and pharma markets; metallic, non-metallic and composite material gaskets; dynamic seals; compression packing; elastomeric components; custom-engineered mechanical seals; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries. It offers its products under the Garlock, Gylon, Blue-Gard, ONE-UP, Bio-Pro, Tuf-Steel, Detectomer, and LINK-SEAL brand name. The Advanced Surface Technologies segment offers engineering, manufacturing and precision machining of complex front-end wafer processing sub-systems; cleaning, coating, testing, refurbishment, and verification services for critical components and assemblies used in semiconductor manufacturing equipment; optical filters and proprietary thin-film coatings for applications in the industrial technology, life sciences, and semiconductor markets; optical filters and thin-film coatings for applications in the industrial technology, life sciences, and semiconductor markets; and edge-welded metal bellows for the semiconductor equipment industry and applications in the space, aerospace, and defense markets. The company was formerly known as EnPro Industries, Inc. and changed its name to Enpro Inc. in December 2023. Enpro Inc.

was incorporated in 2002 and is headquartered in Charlotte, North Carolina.

Industry
Specialty Industrial Machinery
Sector
Industrials
State
NC
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
enpro.com

Price History

NPO+264.1% · +29.5% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

$5.94B

P/E (annual)

147.0

P/S (annual)

5.2

P/B

3.7

P/OCF (annual)

29.5

Shareholder Yield

3.2%

Employees

4,000

Industry

Specialty Industrial Machinery

Exchange

NYSE

Signal Flags

2 green1 yellow1 red
Operating leverage expandingOperating income growing faster than revenue
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why
Revenue declining YoYRevenue contracted year over year

Quality Profile

Profitability

1/1 pass
GP / assets
0.18
Return on equity
2.6%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.68
Current ratio
2.28×
Net cash
-$498.50M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
1.2%

Growth

1/2 pass
Revenue growth
-12.7%
Piotroski F-Score
6 / 9
Share dilution
-2.8%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

16.2%

fairly valued

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Buyback tailwind: -2.8% — per-share value needs a total required return of 13.5% once share-count change is priced in.

vs. own 6-year median revenue growth: 12.5%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

11.4%

r = 10% (base)

16.2%

r = 12%

20.4%

Net debt / market cap: 8.4%

Base FCF: $159.2M3Y mean FCF: $118.8M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

60.1xFair
2.8xmed 37.4x77.4x

P / S

Price / revenue per share

1.0xFair
0.7xmed 162.7x3513.2x

P / B

Price / book value per share

1.7xFair
1.7xmed 2.5x3.9x

P / GP

Price / gross profit per share

3.1xFair
2.2xmed 3.2x4.4x

P / FCF

Price / free cash flow per share

9.0xCheap
9.0xmed 23.5x271.3x

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Gross profitability (GP / assets)

0.18

Primary signal (Novy-Marx).

6th of 6 SIC 30 peers

Return on equity

2.6%

Gross margin

42.6%

1st of 6 SIC 30 peers

Revenue growth (YoY)

-12.7%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2015201620172018
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

Revenue CAGR (5Y)

Earnings CAGR (3Y)

-41.8%

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.68

2nd of 6 SIC 30 peers (best = lowest)

Current ratio

2.28×

1st of 6 SIC 30 peers

Quick ratio

Net cash

-$498.50M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$159.20M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

2.93

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.2%

Stock-based comp intensity.

Dividend safety

Composite score

3.5 / 5

Good
Payout ratio
64.7%2/5 Fair
FCF coverage
6.08×5/5 Strong
Dividend growth streak
10 yr5/5 Strong
Balance-sheet health
D/E 0.68 · IC N/A2/5 Fair

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20132018
Value
Hypergrowth
Decline
Capital Return