Middleby Corporation's (MIDD) ACCE composite score dropped 21 points, moving from 65 to 44 out of 100. That is a meaningful single-move decline, and the current subscore breakdown tells a clear story about where the pressure is concentrated.
The four subscores as of August 13, 2026 sit at: Growth 7, Value 74, Quality 56, Momentum 38. A composite of 44 with a Growth score of 7 is striking — that subscore alone is deep in distressed territory and is almost certainly the heaviest drag on the overall number.
The underlying data supports why Growth would score so low. Year-over-year revenue is down 10.5% and year-over-year earnings are down 39.2%. Those are not minor softness figures — a nearly 40% earnings decline and a double-digit revenue contraction give the model very little to work with on the growth dimension. If either of those figures deteriorated further in the most recent data refresh, a sharp score drop of this magnitude follows logically.
Get the ACCE weekly digest
Index returns, picks recap, score movers - every Sunday. No fluff.
Momentum at 38 adds a second layer of concern. MIDD has returned 5.3% over the past year, which is modest but not catastrophic. However, momentum scores also capture shorter-term price behavior and relative strength against peers. A score of 38 suggests the stock has been losing ground on a relative basis recently, even if the absolute 1-year number looks acceptable.
What it means
The score drop does not mean the entire picture is negative. Value at 74 is genuinely strong. The trailing P/E sits at 18.4 and the forward P/E compresses to 13.9, which implies the market is pricing in some earnings recovery. The 6-model fair value estimate of $193.59 represents a 65.6% premium to the current price of $116.92, and the analyst consensus target of $154.89 points in the same direction. FCF yield of 10.4% with earnings quality flagged as strong suggests the business is still generating real cash even as reported earnings have been hit hard — worth noting that the net margin of -13.9% and the earnings figure may reflect non-recurring charges rather than pure operational deterioration, though the data block does not specify.
Quality at 56 is middling. ROE of 11.0% is positive but not exceptional for an industrials name, and the negative net margin is a headwind to that subscore.
The core tension in MIDD right now is a business that screens as deeply undervalued on price-to-earnings and fair-value models, but is showing genuine fundamental stress in its growth trajectory. A 21-point score drop reflects the model weighting that stress more heavily as the data has come in. Until revenue stabilizes and earnings stop contracting at this pace, the Growth and Momentum subscores are unlikely to recover meaningfully.
For current price and live score updates, see acceinvestments.com/stocks/MIDD.
ACCE scores thousands of stocks across valuation models matched to each company, with fair value, conviction and the full thesis on every name. Start free, no card required.
