Envista Holdings Corporation
$4.54B- Market cap
- $4.31B
- Debt
- +$1.45B
- Cash
- −$1.21B
Capital structure 75% equity / 25% debt · EV / Revenue 1.67x · EV / EBITDA 12.15x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: NVST stock price at premium vs LII $26.81 current versus $4.73 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at LII's multiple
Implied fair value · at NVST's multiple
Snapshot Sep 8, 2026, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Premium justified
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: NVST FY 2025 (ended Dec 31, 2025) · LII FY 2025 (ended Dec 31, 2025).
Trendline
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
Market cap plus debt, less cash.
Capital structure 75% equity / 25% debt · EV / Revenue 1.67x · EV / EBITDA 12.15x
Capital structure 91% equity / 9% debt · EV / Revenue 2.84x · EV / EBITDA 13.61x
LII carries the larger enterprise value at $14.76B against $4.54B; NVST trades on the lower EV / Revenue multiple (1.67x vs 2.84x); NVST on the lower EV / EBITDA (12.15x vs 13.61x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
ENVISTA HOLDINGS CORPORATION · implied price per share
Bear
$13.25
Base
$15.82
Bull
$19.19
LENNOX INTERNATIONAL INC · implied price per share
Bear
$162.09
Base
$201.38
Bull
$254.40
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.47x
1.19x
Net debt / EBITDA
Leverage against operating earnings
0.63x
1.25x
Cash and equivalents
Liquid reserves on the balance sheet
$1.21B
$34.70M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
ALIGN TECHNOLOGY INC
NVST vs ALGN
HENRY SCHEIN INC
NVST vs HSIC
PATTERSON COMPANIES, INC.
NVST vs PDCO
DENTSPLY SIRONA Inc.
NVST vs XRAY
CARRIER GLOBAL Corp
NVST vs CARR
Trane Technologies plc
NVST vs TT
Johnson Controls International plc
NVST vs JCI
COMFORT SYSTEMS USA INC
NVST vs FIX
$1.45B
$1.39B
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.