Envista Holdings Corporation
$4.62B- Market cap
- $4.38B
- Debt
- +$1.45B
- Cash
- −$1.21B
Capital structure 75% equity / 25% debt · EV / Revenue 1.70x · EV / EBITDA 12.35x
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 NFG $27.28 current versus $4.11 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 NFG's multiple
Implied fair value · at NVST's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: NVST FY 2025 (ended Dec 31, 2025) · NFG FY 2025 (ended Sep 30, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 75% equity / 25% debt · EV / Revenue 1.70x · EV / EBITDA 12.35x
Capital structure 73% equity / 27% debt · EV / Revenue 4.77x · EV / EBITDA 12.72x
NFG carries the larger enterprise value at $10.86B against $4.62B; NVST trades on the lower EV / Revenue multiple (1.70x vs 4.77x); NVST on the lower EV / EBITDA (12.35x vs 12.72x).
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
NATIONAL FUEL GAS CO · implied price per share
Bear
-$9.77
Base
-$6.10
Bull
-$1.32
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.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.47x
0.96x
Net debt / EBITDA
Leverage against operating earnings
0.63x
3.44x
Cash and equivalents
Liquid reserves on the balance sheet
$1.21B
$43.17M
Total debt
Interest-bearing obligations outstanding
$1.45B
$2.98B
Comparable set
Where the pair sits against the wider comparable set.
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