TransDigm Group Incorporated (TDG) supplies aircraft components internationally. After a robust third-quarter result, the company expects its fiscal 2023 adjusted earnings per share between $24.94 to $25.36, higher than its previous forecast of $23.31 to $24.19. It also raised its net sales forecast for the year to a range of $6.53 billion-$6.59 billion from the earlier estimate of $6.41 billion-$6.50 billion.
However, the company is trading at a significant premium compared to its peers. In terms of forward EV/Sales, TDG is trading at 10.04x, 513% higher than the industry average of 1.64. Its forward Price/Sales multiple of 7.50 is 481.9% higher than the industry multiple of 1.29.
