FEDERAL SIGNAL CORPORATION

FSS · Consumer Discretionary · $7.2B mkt cap · FY2025 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power43

Median gross margin 25.9% over 10y, very stable.

Returns on capital70

Median ROIC 13.0%, above the 9% hurdle in 100% of years.

Balance-sheet safety84

Net debt/EBITDA 1.2x, interest coverage 24x.

Capital discipline76

Owner earnings +20.3%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

113% above value

Owner earnings (normalized): $187.5M
Est. intrinsic value / share: $55.42
Recent price: $118.17
Discount to value: 113% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell FSS. See the disclaimer.