IDEX (IEX) shares were back in focus after the company disclosed that director L. Paris Watts-Stanfield resigned from its Board on August 13, 2026, prompting a reduction from ten to nine directors.

The share price of IDEX has eased in the very short term, with a 1-day share price return that declined 2.59% and a 7-day share price return that declined 1.33%. Momentum over longer periods remains positive, with a 30.77% year to date share price return and a 43.24% 1-year total shareholder return. This frames the board change against a backdrop of generally supportive recent performance.

If this board change has you thinking about where else growth stories may emerge, it could be a good moment to scan 39 power grid technology and infrastructure stocks

IDEX has already delivered strong gains over the past year, yet the recent board change and short term pullback raise a fresh question. Is most of the upside already reflected in the price, or does the valuation still leave room ahead?

Most Popular Narrative: 8% Undervalued

Based on the most followed narrative, IDEX's fair value of $254.50 sits above the last close of $234.16, which places the director resignation against an already supportive valuation backdrop.

The company is implementing proactive cost-saving measures, targeting $20 million in savings on top of previous initiatives. This focus on platform optimization and organizational delayering may improve net margins by reducing operating expenses.

Want to see what powers that $254.50 fair value for IDEX? The narrative leans on steady revenue growth, rising margins and a richer earnings multiple. Curious which assumptions really move the needle on that outcome? The full story reveals the specific growth and profitability steps that need to line up.

Result: Fair Value of $254.50 (UNDERVALUED)

However, the IDEX narrative still hinges on tariff costs and weaker demand in areas like semiconductors and agriculture, which could pressure margins and unsettle revenue expectations.

Next Steps

With sentiment around IDEX leaning positive, this is a good time to look through the numbers yourself and decide how convincing the story feels. To see what has investors optimistic, review the 3 key rewards

Looking for more investment ideas beyond IDEX?

If you want a broader view of what is possible outside IDEX, now is the time to scan for other stocks that could fit your goals.

• Target potential mispricings by checking companies with solid fundamentals through the 50 high quality undervalued stocks.
• Strengthen your income focus by reviewing stocks featured in the 11 dividend fortresses.
• Prioritise resilience by spotting companies highlighted in the 79 resilient stocks with low risk scores.

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.