Espey Mfg. & Electronics Corp. (ESP) Stock

Espey Mfg. & Electronics Corp. (ESP) is a Technology stock trading at $62.36 (as of 2026-08-20), with a market capitalization of $186.83M and a trailing P/E of 17.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Espey Mfg. & Electronics Corp. designs, manufactures, and tests electronic equipment and components, including power supplies, converters, filters, transformers, magnetic parts, power distribution systems, UPS units, antennas, and high-power radar-related equipment. It also offers design and development to customer specifications and environmental testing, serving military and industrial users and related government and defense customers in the U.S. and internationally.

Understand Espey Mfg. & Electronics Corp.: how it makes money

Espey Mfg. & Electronics Corp. designs, manufactures, and tests power electronics and related equipment for military and industrial customers, and it makes money by delivering these electronic systems and components to OEM and defense-related programs.

The profit engine is tied to winning and sustaining fully funded defense and industrial electronic equipment contracts, then executing complex design-to-manufacture testing for delivery.

Business quality (Mixed): We have limited company-specific segment detail, and only one operating KPI is provided, but the included margins and the contract award KPI suggest profitability is closely linked to funded backlog and execution.

Valuation: At 16× earnings, ESP trades 69% below the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

  • High gross and operating profitability (gross_margin_pct 37.0%, operating_margin_pct 26.1%): If Espey continues to win and execute funded programs, it can sustain attractive margins for power electronics equipment.
  • Demand signal from defense and industrial contract awards: Contract Award Value When Fully Funded (0.02 USD_B) indicates ongoing prospects tied to funded programs.

Bear case

  • Dependence on contract awards and funded programs: If Contract Award Value When Fully Funded declines, future order flow and utilization could weaken.
  • Execution risk in complex military and industrial equipment: Design, manufacturing, and testing requirements for power supplies, converters, transformers, radar-related equipment, and UPS systems can increase the impact of delays or quality issues.
  • Exposure to defense and industrial purchasing cycles: Because the company primarily serves military and industrial applications, shifts in customer spending priorities could affect timing and volumes.
Valuation — source: SEC EDGAR (first-party)
Price$62.36
Market Cap$186.83M
P/E Ratio17.3
EV / EBITDA14.7
Price / Book3.31
Price / Sales4.42
FCF Yield6.0%
DCF Value (model)$64.59
DCF Upside vs Price3.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$43.95M
Net Margin18.5%
Revenue Growth (YoY)10.9%
EPS Growth (YoY)56.1%
FCF Growth (YoY)-46.7%
Financial Health — source: SEC EDGAR
Altman Z-Score6.03 (safe)
Valuation vs Sector & Industry
Stock P/E17.3
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
vs Sector-48.9%
vs Industry-56.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderRENAISSANCE TECHNOLOGIES LLC ($5.72M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEODavid A. O'Neil
Employees148
CountryUS
IPO Date1980-03-17

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

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ESP earnings history · ESP institutional & insider holders · ESP KPIs & operating metrics · ESP financials · ESP investor presentations & press releases · ESP SEC filings · ESP peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.