TacticScaleWhat AGCO Does & How It Makes Money (AGCO)
Updated October 2026 · reflects AGCO's latest reported financials
Global maker of farm tractors, harvesters and agricultural equipment. AGCO earns revenue by selling agricultural machinery, equipment and replacement parts worldwide through a network of independent dealers and distributors under brands like Fendt, Massey Ferguson and Valtra.
How AGCO makes money
AGCO earns revenue by selling agricultural machinery, equipment and replacement parts worldwide through a network of independent dealers and distributors under brands like Fendt, Massey Ferguson and Valtra.
What AGCO does
AGCO Corporation is a global manufacturer of agricultural equipment and replacement parts. Its lineup covers the full farming cycle: high-horsepower, utility and compact tractors; tillage implements, planters and seed drills; application equipment for fertilizers and crop protection; combines for grains like corn, wheat, soybeans and rice; and hay and forage tools such as balers, mowers and forage harvesters. It also supplies grain storage and drying systems, seed-processing systems, and livestock and poultry production equipment, and it makes diesel engines, gears and generating sets. The company sells under the Fendt, Massey Ferguson, PTx and Valtra brands through independent dealers and distributors worldwide. Founded in 1990 and headquartered in Duluth, Georgia, AGCO serves a wide range of customers, from large row-crop operations to small farms, dairies, vineyards and residential users.
Products & services
- Fendt tractors and machinery
- Massey Ferguson tractors
- Valtra tractors
- PTx precision ag
- Combines and hay balers
- Grain storage and poultry/swine systems
What is AGCO worth?
On an owner-earnings DCF, AGCO's most-likely value is about $208 versus a recent price near $103 (101% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$120) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $103 is below even the no-growth floor ($120); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -1.6%/yr. A bargain only if that pessimism is overdone.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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