Chart Industries (GTLS) is being reshuffled across a range of Russell indices, moving into several value and larger cap benchmarks while exiting multiple growth and small cap indices on June 27, 2026.

At a share price of $208.72, Chart Industries has shown steady momentum, with modest short term share price returns and a 1 year total shareholder return of 20.21%, suggesting investors have been reassessing both its growth profile and risk.

If this index reshuffle has you thinking about other infrastructure related ideas, it could be a good moment to scan the market for 35 power grid technology and infrastructure stocks

With Chart Industries now classified in value indices, trading at $208.72 and sitting close to analyst price targets, the key question is simple: is there mispricing here, or is the market already banking on future growth?

Preferred price to sales multiple of 2.4x: Is it justified?

Chart Industries currently trades on a P/S of 2.4x, while the SWS DCF model points to a future cash flow value of $157.98 versus the last close of $208.72. As a result, there are mixed valuation signals to weigh.

The P/S ratio compares the company’s market value to its revenue and is often used for stocks that are not consistently profitable. This fits Chart Industries given it reported a loss of $46.7m on revenue of $4.1b. At 2.4x sales, the stock is described as expensive versus the US Machinery industry average of 2.1x, but cheaper than a peer average of 4.1x. Investors are therefore paying more than the sector average yet less than closer comparables.

Relative to an estimated fair P/S of 1.7x, the current 2.4x level also screens as rich. This suggests the market is pricing Chart Industries at a premium to the relationship implied by the fair ratio and leaves room for that multiple to move closer to the lower level if sentiment cools.

Result: Price-to-sales of 2.4x (OVERVALUED)

However, Chart Industries still carries risks, including ongoing losses on US$4.1b in revenue and reliance on project heavy end markets that can shift if orders slow.

Another view: what the SWS DCF model says about Chart Industries

While the 2.4x P/S ratio paints Chart Industries as expensive versus its fair ratio, the SWS DCF model is even more cautious. In this view, future cash flows are valued at $157.98 per share versus the current $208.72, which screens as overvalued. So which signal should carry more weight for you?

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Chart Industries 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 44 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

Mixed signals or clear message? With both risks and rewards in play for Chart Industries, it makes sense to look through the details yourself and decide how comfortable you are with the trade off, starting with the 1 key reward and 1 important warning sign.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.