Federal Signal Corp
Federal Signal Corp (FSS) is listed on NYSE and classified in Farm & Heavy Construction Machinery, part of the Industrials sector. It is headquartered in Downers Grove, United States and has 5,800 employees. The company is worth $7.05B and trades at 25.2x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $2.18B in fiscal 2025, up 17.1% from the year before. Net income was $246.6M. The share price is 14.1% below its 52-week high of $134.51. It pays a dividend yielding 0.52%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $26.59M. In that quarter, 2 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +164.9% over 5Y.
today you would have $2,713.54▲ +171.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $108.59 | $92.39 | $76.74 | $46.47 | $43.34 | $33.17 | $32.25 | $19.90 | $20.09 | $15.61 | $15.85 | $15.44 | $14.65 | $7.61 | $4.15 | $6.86 | $6.02 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 20.8% a year plus a 0.5% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 20.5 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| MSAMSA Safety Inc | $184.44 | 22.9x | 5.1x | 1.17% | 23.66% | $7.12B |
| KEXKirby Corp | $131.50 | 21.1x | 2.0x | 0.00% | 10.41% | $6.94B |
| POOLPOOL Corp | $197.21 | 15.8x | 6.1x | 2.64% | 31.25% | $7.17B |
| KTOSKratos Defense & Security Solutions Inc | $38.27 |
| 20.5x |
| 27.1x |
| 26.4x |
| 30.0x |
| 23.6x |
| 26.6x |
| 21.3x |
| 18.3x |
| 12.9x |
| 19.7x |
| 22.0x |
| 15.9x |
| 15.4x |
| 5.8x |
| — |
| — |
| — |
| 12.8x |
| P/S | 1.3x | 3.0x | 3.0x | 2.7x | 2.0x | 2.2x | 1.8x | 1.6x | 1.1x | 1.3x | 1.3x | 1.3x | 1.2x | 1.3x | 0.6x | 0.4x | 0.6x | — |
| P/B | 2.7x | 4.8x | 4.8x | 4.7x | 3.3x | 3.4x | 2.9x | 3.0x | 2.3x | 2.6x | 2.4x | 2.4x | 2.6x | 2.6x | 3.2x | 1.5x | 1.8x | — |
| EPS | $4.01 | $3.50 | $2.56 | $1.97 | $1.63 | $1.56 | $1.76 | $1.54 | $1.02 | $0.71 | $1.00 | $1.00 | $2.53 | -$0.44 | -$0.23 | -$3.05 | $0.47 |
| Dividend yield | 0.98% | 0.52% | 0.52% | 0.51% | 0.77% | 0.83% | 0.96% | 0.99% | 1.56% | 1.39% | 1.79% | 1.58% | 0.58% | — | — | — | 3.50% | 3.99% |
| Payout | 20.13% | 13.97% | 13.71% | 15.23% | 18.27% | 22.09% | 20.51% | 18.18% | 20.13% | 27.45% | 39.44% | 25.00% | 9.00% | — | — | — | — | 51.06% |
| Profit margin | 8.29% | 11.31% | 11.62% | 9.14% | 8.39% | 8.29% | 8.51% | 8.88% | 8.63% | 6.86% | 6.19% | 8.27% | 8.18% | 22.44% | -3.42% | -2.06% | -27.75% | 3.08% |
| ROE | 13.99% | 17.84% | 18.24% | 15.71% | 13.99% | 12.83% | 13.70% | 16.91% | 17.73% | 13.47% | 11.11% | 15.66% | 17.14% | 45.58% | -18.72% | -8.13% | -79.54% | 7.03% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-16.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 225.1x |
| 2.1x |
| 0.00% |
| 1.15% |
| $7.18B |
| SAROStandardAero, Inc. | $21.72 | 22.4x | 2.6x | 0.00% | 12.30% | $7.19B |
| AWIArmstrong World Industries Inc | $171.39 | 23.4x | 8.2x | 0.79% | 36.62% | $7.24B |