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Stock Comparison · Industry comparison · Specialty Industrial Machinery

Interpump Group S.p.A. vs Spirax Group: Which Stock Looks Stronger in 2026?

Spirax holds the cleaner structural position, with growth as the main driver and valuation adding further support. Interpump S.p.A still has the edge on valuation, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The lead is spread across growth and profitability, rather than sitting in one isolated gap. The overall score gap is 8 points in favour of Spirax Group plc.

INDUSTRY COMPARISON

Both operate in: Specialty Industrial Machinery

This comparison is based on industry proximity, not on functional trajectory similarity. IP.MI and SPX.L share the same industry classification.

For a similarity-based comparison, see how Interpump S.p.A and Spirax each position within their functional peer groups in AssetNext.

Peer-Relative Score
IP.MI
Interpump Group S.p.A.
39
Peer-Score
Signal qualityHigh
vs
SPX.L
Spirax Group plc
47
Peer-Score
Signal qualityHigh

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: IP.MI vs SPX.L Profitability 29 50 Stability 22 37 Valuation 75 48 Growth 18 51 IP.MI SPX.L
Gap Ranking
#1 Growth +33
#2 Valuation +27
#3 Profitability +21
#4 Stability +15
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for IP.MI and SPX.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer IP.MISPX.L Relative valuation Structural strength

The price setup looks more supportive for Spirax Group plc, but Interpump Group S.p.A. still has the stronger structure.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Growth
On growth, Spirax Group plc is positioned higher in the group, while Interpump Group S.p.A. is closer to the middle.
Valuation
Both rank well on valuation, but Interpump Group S.p.A. still holds a clear edge.
Growth — Dominant Gap
IP.MI
18
SPX.L
51
Gap+33in favour of SPX.L

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Interpump S.p.A, with a forward P/E that is 5.1 turns lower there.

What this means for the comparison

Growth is the clearest driver of the lead, with valuation adding further support — though valuation still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the IP.MI vs SPX.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how IP.MI and SPX.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.