TacticScaleWhat Franklin Electric Does & How It Makes Money (FELE)
Updated October 2026 · reflects Franklin Electric's latest reported financials
Maker of water and fuel pumping systems, motors, and controls. It earns revenue by selling pumping equipment, motors, controls, and parts through wholesale, retail, and specialty distributors, and directly to oil and utility companies and equipment makers.
How Franklin Electric makes money
It earns revenue by selling pumping equipment, motors, controls, and parts through wholesale, retail, and specialty distributors, and directly to oil and utility companies and equipment makers. Its own Distribution segment also sells to installing contractors and provides presale support.
What Franklin Electric does
Franklin Electric, founded in 1944 and based in Fort Wayne, Indiana, makes pumping systems for water and fuel. Its Water Systems segment supplies motors, pumps, drives, controls, water treatment, and monitoring equipment for groundwater, water transfer, and wastewater in residential, agricultural, municipal, and industrial settings. The controls protect equipment from electrical surges, overheating, and dry wells. The Energy Systems segment supplies the equipment between underground tanks and dispensers at fueling sites, including submersible pumps, piping, vapor recovery, and corrosion control. It also makes power reliability monitoring devices for utilities, hydroelectric, rail, telecom, and data centers. A Distribution segment sells to installing contractors, and the company also reaches customers through a broad distributor network and OEMs.
Products & services
- Submersible water well pumps and motors
- Electronic drives and motor controls
- Water treatment systems
- Fueling station submersible pumps, piping, and station hardware
- Vapor recovery and corrosion control systems
- Power reliability monitoring devices
What is Franklin Electric worth?
On an owner-earnings DCF, Franklin Electric's most-likely value is about $116 versus a recent price near $98 (18% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$58) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
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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