MSA Safety Incorporated (MSA) Stock

MSA Safety Incorporated (MSA) is a Healthcare stock trading at $188.41 (as of 2026-08-20), with a market capitalization of $7.27B and a trailing P/E of 23.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

MSA Safety Incorporated designs, manufactures, and supplies safety and detection products, including fixed gas and flame detection instruments, breathing apparatus, portable gas detectors, protective head and face gear, and fall protection and confined space equipment. It serves customers across industries such as oil and gas, petrochemicals, fire service, construction, manufacturing, utilities, military, and mining, with sales in North America and internationally.

Understand MSA Safety Incorporated: how it makes money

MSA Safety Incorporated develops and supplies safety products (fixed gas and flame detection instruments, open-path infrared gas detectors, and replacement components) sold to industries like oil and gas, petrochemicals, fire service, construction, utilities, military, and mining.

Profit is driven by selling permanently installed detection systems and then monetizing ongoing needs through replacement components for that installed base, supported by current order momentum (book-to-bill).

Revenue by segment (latest quarter)
Americas$0.3B
International$0.1B

Business quality (Solid): MSA has a safety-focused product mix tied to installed detection systems, with recent operating momentum suggested by a book-to-bill ratio above 1, but near-term demand strength and end-market cyclicality remain key watch items.

Valuation: At 23× earnings, MSA trades 29% below the Medical Equipment average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Order momentum signal: Book-to-Bill Ratio is 1.1, which suggests bookings are slightly ahead of revenue timing.
  • Operational discipline: Hours Without Lost Time Incident at the Cranberry Township Production Facility are reported at 10,000,000.

Bear case

  • Demand could be sensitive to its served industries: The company serves oil, gas, petrochemical, construction, mining, utilities, and military applications, so downturns or capital spending slowdowns in these end markets could pressure orders and sales.
  • Near-threshold order strength: A Book-to-Bill Ratio of 1.1 is only modestly above 1, so order momentum is not clearly strong.
Valuation — source: SEC EDGAR (first-party)
Price$188.41
Market Cap$7.27B
P/E Ratio23.1
EV / EBITDA15.7
Price / Book5.19
Price / Sales3.73
FCF Yield4.9%
DCF Value (model)$97.30
DCF Upside vs Price-48.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.87B
Net Margin14.9%
Revenue Growth (YoY)6.2%
EPS Growth (YoY)39.4%
FCF Growth (YoY)118.3%
Financial Health — source: SEC EDGAR
Altman Z-Score6.03 (safe)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E23.1
Sector P/E (Healthcare)21.6
Industry P/E (Medical Equipment)32.9
vs Sector7.2%
vs Industry-29.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($607.36M)
Institutional Holders Tracked10
Company
SectorHealthcare
IndustryMedical Equipment
CEOSteven C. Blanco
Employees5,000
CountryUS
IPO Date1973-02-22

Related Companies (Business model: Medical Devices / Life Science Tools; 8 closest by market cap; US-domiciled)

  • Edwards Lifesciences Corporation (EW)
  • Zimmer Biomet Holdings, Inc. (ZBH)
  • Align Technology, Inc. (ALGN)
  • Teleflex Incorporated (TFX)
  • MiniMed Group, Inc. (MMED)
  • Enovis Corporation (ENOV)
  • Cadre Holdings, Inc. (CDRE)
  • Avanos Medical, Inc. (AVNS)
MSA earnings history · MSA institutional & insider holders · MSA KPIs & operating metrics · MSA financials · MSA investor presentations & press releases · MSA SEC filings · MSA 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.