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AMTM

Amentum Holdings Inc. Common Stock (AMTM) fair value

Industrials · Specialty Business Services · NYSE · United States
$21.76+2.21%
Market cap $5.3BNext earnings 2026-11-23Updated Oct 20, 2026
Add earnings to calendarGoogle
Our verdict
Trades 40% below our fair value
Price
$21.76
Model fair valueConfidence: good
$36.34
Model range
$19.25 to $61.74
Fair value $36.34
Price $21.76
3 models fit Amentum Holdings Inc. Common Stock and they disagree: 1 of 3 land within 15% of the average.
Two or more of our models back this value.
Large discount(i)
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionAmentum Holdings Inc. Common Stock (AMTM)
Fair value (3 models)
$36.34
ACCE price target
$21.50
Rating
Undervalued
Horizon
12 months
Fair value published on 20 Oct 2026, 16:04 CEST; previously $36.82 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 16:04 CEST.
Price used: $21.76 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
40.1% below
+67.0% to fair value
ACCE score
47
out of 100
Analysts
42% buy
12 covering
P/E
26.2x
forward 8.2x
1-year return
-6.0%
Dividend yield
0.00%

Amentum Holdings Inc. Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Amentum runs government engineering, technology and mission-support services, the kind of contracted work that keeps defence and civil agencies operating, and at a $4.7B market cap it sits in a niche where switching costs on multi-year awards are high. The structural case rests on that contract base, but the reported numbers are weak: revenue is shrinking 2.0%, gross margin is 10.5% and operating margin 4.4%, leaving a 4.3% ROE that does little for shareholders. The gap between a trailing P/E of 23.0 and a forward P/E of 7.5 signals that the market expects earnings to rise sharply, so the thesis depends on whether margin recovery and contract wins show up in the next few reporting periods. Its score of 45/100 and absence from any index suggest the quantitative screens do not yet support the story, which makes this worth a deeper look only if the forward earnings estimates can be checked against backlog and margin trends.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • high
    Revenue shrinking, earnings inflated
    Revenue fell 2.0% year on year and 17.5% quarter on quarter, while earnings rose 575.0%. The earnings jump looks like a one-off rather than an operating recovery, and net margin is only 1.4%.
  • moderate
    Thin margins, high leverage
    Operating margin is 4.4% and debt to equity is 0.92. With margins this thin, a modest drop in revenue would hit profit quickly.
  • moderate
    Elevated short interest
    Short interest is 8.0% of the float. Combined with the revenue decline, this suggests some investors are betting on further weakness.

AI research notes

AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Free cash flow over the last twelve months reached $516M, and the forward P/E of 7.6x sits well below the sector median of 23.4x.
  • Analysts' mean price target is $29.33, which is 45.6% above the current share price.
Why it could disappoint
  • Revenue shrank 2.0% year over year, far from the 29.7% average annual growth over five years.
  • Net margin of 1.4% and return on invested capital of 0.6% show the business earns very little from each dollar of sales and capital.
  • The diluted share count rose 168.1% last fiscal year, so each shareholder's stake has been heavily diluted, and debt to equity stands at 0.92.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 23, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

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Valuation

INVESTOR
Where AMTM's valuation models land
Price
$21.76
Model fair value
$36.34
Model range
$19.25 to $61.74
Fair value $36.34
Price $21.76
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Mixed42% buy · 12 covering analysts
● Strong buy 3● Buy 2● Hold 7● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+11.5%
1 month
+10.4%
3 months
-3.5%
6 months
-15.8%
YTD
-25.0%
1 year
-6.0%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
20 Oct 2026, 16:04 CESTFair value$36.34$36.82$19.48
20 Oct 2026, 16:04 CESTRatingUndervaluedfirst publication$19.48
16 Oct 2026, 00:00 CESTFair value$36.82$32.69$18.13
11 Oct 2026, 00:00 CESTACCE price target$21.50first publication$19.29
4 Sept 2026, 00:00 CESTFair value$32.69$47.62$19.90
29 Aug 2026, 00:00 CESTFair value$47.62$48.18$20.43
21 Aug 2026, 00:00 CESTFair value$48.18$53.79$21.38
5 Aug 2026, 00:00 CESTFair value$53.79$52.80$23.83
29 Jul 2026, 00:00 CESTFair value$52.80$53.45$22.97
30 Jun 2026, 00:00 CESTFair value$53.45first publication$20.25

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth43Value88Quality30Momentum25Total47
Valuation
Trailing P/E
26.2x
Forward P/E
8.2x
PEG
0.04
P/B
1.03x
EV / Revenue
0.6x
Book value/sh
$19.22
Enterprise value
$8.2B
Profitability
ROE
4.3%
FCF yield
10.47%
ROIC
0.6%
Health and risk
Debt / equity
0.92
Dividend yield
0.00%
Beta
0.31

Price

-3.5% · 1Y

Ask anything about AMTM

Answered from Amentum Holdings Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 33% of peers
low 10.2x26.2xhigh 46.3x
ROEbetter than 0% of peers
low 4%4%high 29%
Div yieldbetter than 17% of peers
low 0.0%0.0%high 5.7%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
AMTM Amentum Holdings Inc. Common Stock$21.76$3640% below26.2x4.3%3047
TEP.PA Teleperformance SE€79.20€10524% below10.2x11.4%5162
ELIS.PA Elis SA€21.82€3334% below14.5x10.7%5452
UNF Unifirst Corporation Common Stock$278.99$15383% above46.3x5.0%5650
DLB Dolby Laboratories Common Stock$63.28$5318% above26.4x8.8%7450
ISS.CO ISS A/Skr 292.40kr 3013% below16.9x28.6%6572
AZZ AZZ Inc.$133.39$10923% above23.8x12.3%6463

Sector report card

Where AMTM ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 8, 2026
    Amentum Opens Global Nuclear Headquarters in Oak Ridge, Tennessee
  • GlobeNewswire•Oct 1, 2026
    Deep Isolation Advances Nuclear Waste Disposal Demonstration With Issuance of Texas Drilling Permit
  • Business Wire•Sep 30, 2026
    Amentum Joint Venture Secures Preferred Position for Major UK Nuclear Contract
7 more press releases · full archive on Investor+.INVESTOR
34 filings
October 2026
Oct 2
8-KCurrent reportPeriod 2026-09-28
View on SEC →
September 2026
Sep 17
Form 4Insider transactionPeriod 2026-08-14
View on SEC →
August 2026
Aug 11
10-QQuarterly reportPeriod 2026-07-03
View on SEC →
31 more filings + AI summaries on Investor+.INVESTOR