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    Legrand (ENXTPA:LR) Climbed, What Is Behind The Fresh Attention?

    Simply Wall St·10/22/2026 03:37:45
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    Why Legrand’s new data center products matter for shareholders

    Legrand (ENXTPA:LR) has rolled out its Starline T5 DoubleBar track busway and a new High-Capacity Plug-in Unit, aiming squarely at the rising power needs of AI and high-performance computing data centers.

    Legrand’s launch comes as the share price trades at €131.3, with a 1-day share price return of 3.14%. This partly offsets a 30-day share price return that declined 5.44%, while the 1-year total shareholder return is down 8.07% and the 3-year total shareholder return is up 71.60%.

    Scan beyond Legrand and benchmark this data center power story against hand-picked 55 AI infrastructure stocks shaping the AI and high-performance computing buildout.

    The question now is whether Legrand’s recent bounce mainly reflects renewed confidence in its data center push, or if sentiment simply swung away from a sharp 30-day pullback. It is time to see what the valuation implies.

    Most Popular Narrative: 22% Undervalued

    Legrand’s most followed storyline points to a fair value of €168.7, which sits above the recent €131.3 share price and presents the current AI data center push as central to the upside case.

    Surging investment in AI driven data centers continues to reshape Legrand’s growth profile, with data center revenue expected to rise from less than €1b in 2021 to more than €3b in 2026 and content per MW estimated at about $2.5m on current AC architectures and more than $3m on hybrid and LVDC designs. This directly targets higher group revenue and supports earnings expansion.

    See why 18 investors see Legrand as 22% undervalued.

    Result: Fair Value of €168.7 (UNDERVALUED)

    Still, if AI data center orders slow or purchase cost inflation stays ahead of pricing, the upbeat Legrand narrative could appear far more demanding.

    Find out about the key risks to this Legrand narrative.

    Another View: What The P/E Ratio Says About Legrand

    The story looks different when you step away from fair value models and simply compare Legrand’s P/E to the market. At 26.2x earnings, the stock trades below a 32x peer average, slightly above a fair ratio of 25.1x, and above the 24.4x European electrical group average. That mix of discount and premium highlights valuation risk if growth or margins disappoint. The question is how comfortable you are with that trade off.

    To pressure test that view against the earnings multiple in more detail, See what the numbers say about this price — find out in our valuation breakdown.

    ENXTPA:LR P/E Ratio as at Oct 2026
    ENXTPA:LR P/E Ratio as at Oct 2026

    Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Legrand for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 190 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

    Next Steps

    Sentiment on Legrand is mixed, with both risks and rewards on the table. Move quickly, review the data, and decide where you stand with 4 key rewards and 1 important warning sign

    Looking for more investment ideas beyond Legrand?

    If Legrand has your attention, do not stop here. Use the same disciplined lens across other opportunities and let the data point you to your next move.