Is Modine Manufacturing (MOD) Still Attractive After Its Recent Share Price Surge

Simply Wall St

Mon, February 16, 2026 at 9:21 AM GMT+9 4 min read

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MOD

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If you are wondering whether Modine Manufacturing shares still offer value at current levels, this guide will walk through what the market price might be implying about the business.

The stock last closed at US$216.50, with returns of 0.4% over 7 days, 58.2% over 30 days, 53.8% year to date, 133.6% over 1 year, and a very large gain over 3 and 5 years. That naturally raises questions about how much optimism is already in the price.

Recent coverage has focused on Modine's role in areas such as thermal management and related industrial solutions, which has kept attention on how its end markets are evolving. That context is important when thinking about whether the current share price fairly reflects the business profile investors are paying for.

Our valuation checks give Modine a score of 1 out of 6. Next we will compare what different valuation methods suggest about the stock, and then look at a more holistic way to think about value that goes beyond any single model.

Modine Manufacturing scores just 1/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: Modine Manufacturing Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow, or DCF, model takes estimates of the cash a company could generate in the future and discounts those projections back to today. This aims to translate all those future dollars into a single current value per share.

For Modine Manufacturing, the model used is a 2 Stage Free Cash Flow to Equity approach based on cash flow projections. The latest twelve month free cash flow figure is reported as $2.83 million. Analyst estimates extend to $360.8 million of free cash flow in 2028, and further projections out to 2035 are extrapolated by Simply Wall St rather than based on additional analyst forecasts.

Putting all of those projected cash flows together, the DCF model produces an estimated intrinsic value of about US$256.06 per share. Compared with the recent share price of US$216.50, this implies the stock trades at roughly a 15.4% discount to that DCF estimate. On this model alone, Modine appears undervalued.

Result: UNDERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Modine Manufacturing is undervalued by 15.4%. Track this in your watchlist or portfolio, or discover 53 more high quality undervalued stocks.

MOD Discounted Cash Flow as at Feb 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Modine Manufacturing.

Story Continues  

Approach 2: Modine Manufacturing Price vs Earnings

P/E is a common way to value profitable companies because it links what you pay for each share directly to the earnings that support that share. In simple terms, a higher P/E usually reflects stronger growth expectations or lower perceived risk, while a lower P/E points to more modest growth expectations or higher risk.

Modine Manufacturing currently trades on a P/E of 116.73x. That is well above the Building industry average P/E of 23.08x and also above the peer average of 29.31x. Simply Wall St’s Fair Ratio for Modine is 115.78x, which is a proprietary estimate of what Modine’s P/E might be given factors such as its earnings growth profile, profit margins, industry, market cap and risk characteristics.

The Fair Ratio can be more informative than a simple comparison with peers or industry averages because it attempts to adjust for Modine’s own growth, risk and profitability features rather than assuming it should trade in line with a broad group. Modine’s actual P/E of 116.73x is very close to the Fair Ratio of 115.78x, which points to the shares being priced roughly in line with those fundamentals on this metric.

Result: ABOUT RIGHT

NYSE:MOD P/E Ratio as at Feb 2026

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Upgrade Your Decision Making: Choose your Modine Manufacturing Narrative

Earlier we mentioned that there is an even better way to understand valuation. Narratives on Simply Wall St let you turn your view of Modine Manufacturing into a clear story that connects what you think about its business to a set of revenue, earnings and margin forecasts, and finally to your own fair value. You can then compare this with the current share price on the Community page to help inform your decision, while the tool keeps updating as new news or earnings arrive. For example, one investor might build a bullish Modine narrative around robust data center cooling demand and arrive at a fair value near the higher analyst target of US$185. Another might focus more on execution and concentration risks and land closer to the lower target of US$145. Both, however, are using the same simple framework to keep their decisions grounded in numbers as well as story.

Do you think there’s more to the story for Modine Manufacturing? Head over to our Community to see what others are saying!

NYSE:MOD 1-Year Stock Price Chart

_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include MOD.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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