STMicroelectronics N.V (SGM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of STMicroelectronics N.V stock €8.40, price €37.60, that is 77.7% below the price, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range €16.40 – €69.82 · fair‑value band €5.89 – €11.68 · the €37.60 price screens above the €8.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
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The company operates through Analog products, MEMS and Sensors Group (AM&S); Power and Discrete products (P&D); Embedded Processing ("EMP"); and RF Products (D&RF) segments.
It offers industrial application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs); power management solutions; custom analog ICs, wireless charging solutions; galvanic isolated gate and LED drivers; converters, transistors, intelligent power switches, clocks and timers, comparators, and current-sense amplifiers; micro-electro-mechanical systems (MEMS) sensors, including accelerometers, gyroscopes, magnetic sensors, pressure, temperature, presence detection, biosensors, machine learning, and edge AI processing smart sensors, as well as thermal and piezoelectric actuators; and optical sensing solutions.
The company also provides silicon MOSFETs, SiC MOSFETs, IGBTs, thyristors, rectifiers, and power modules and bipolar transistors; microcontrollers, and automotive microcontrollers and secured; radio frequency (RF) communications and ASICs; car infotainment products; ultra-wide band and radar systems; and Connected Security Products; and automotive driver assistance systems.
It serves automotive, industrial, personal electronics and communications equipment, and computers and peripherals markets. STMicroelectronics N.V. was incorporated in 1987 and is headquartered in Schiphol, the Netherlands.
Stock analysis
STMicroelectronics N.V (SGM) currently trades at €37.60, while our model-based Fair Value estimate is €8.40, 78% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €6.95 per share, and 2 of the 22 models we run sit above the €37.60 price.
Bear case: the Growth DCF group reads lowest at €1.89, and 20 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: €5.89 (bear) to €11.68 (bull), the price of €37.60 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
STMicroelectronics N.V reported revenue of $12.3B in FY2025 versus $12.8B in FY2021, a compound −1.0%/yr. Reported net income was $173M in FY2025, compounding −45.8%/yr from FY2021.
Key figures
Market cap €39.6B Large · P/S ratio 3.02 · EPS (TTM) €0.0300 · Dividend yield 0.9% · Net margin 1.4% · Return on equity 2.7% · Return on assets (EBIT) 12.6% (5-year average) · Operating margin 6.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 102% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −78%, SGM screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (€1.88 to €103.49). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear€5.89Fair Value €8.40Bull€11.68
Price €37.60 · Downside -77.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF€1.66€1.88€2.2080
Growth DCF€1.68€1.89€2.1778
EPV€2.46€2.68€2.8674
All 22 models by family
DCF Models
FCF DCF€1.66€1.88€2.2080
5Y Revenue Exit€2.98€4.25€5.9171
5Y EBITDA Exit€17.28€29.00€42.8672
5Y P/E Exit€3.16€4.57€6.0469
10Y Revenue Exit€2.35€3.35€4.5565
10Y EBITDA Exit€10.86€19.05€29.0265
10Y P/E Exit€2.54€3.55€4.6463
Earnings-Based
Graham-Dodd€1.18€2.31€2.8864
EPV€2.46€2.68€2.8674
Dividend Discount
Gordon GGM€2.80€3.80€4.7667
DDM Multi-Stage€2.80€3.79€4.8665
Multiples
P/E Multiple€3.64€4.85€6.0763
P/S Multiple€2.21€2.95€3.6858
P/B Multiple€77.62€103.49€129.3655
EV/EBIT€6.78€8.80€10.8366
EV/EBITDA€31.47€41.72€51.9767
EV/Revenue€3.78€5.09€6.4154
Asset-Based
NCAV (Graham)€2.85€4.31€5.3955
Growth DCF
Growth DCF€1.68€1.89€2.1778
Economic Profit
Residual Income€10.62€11.10€11.8974
ROIC Compounder€2.46€2.68€2.8670
Growth Earnings
Growth-Adj P/E€2.59€3.70€4.8165
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−7.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.7%
Start year 2020 (pandemic). Over 10 years: +5.9% a year
Revenue growth 30 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−30.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−31.2%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−31.2% vs 1.7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+16.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +13.5% a year for the forecasts.
AI conclusion: STMicroelectronics benefits from its integrated device manufacturer setup providing tight supply-chain control and quality for new automotive sensors, yet faces challenges from ongoing soft demand in its larger industrial and auto segments.
Main risk: A loss of design wins or reduced orders from Apple, which accounted for 17.7 percent of 2025 revenues, could materially cut sales in personal electronics and other segments.
Bull case: The company could offset customer concentration and competitive pressure by expanding its AI data-centre and satellite businesses, where silicon photonics and power solutions are seeing strong demand from hyperscalers.
Bear case: If key customer relationships weaken and low-cost Asian rivals capture share in automotive and industrial markets, revenue in core segments could stagnate or decline, limiting overall growth despite newer opportunities.
STMicroelectronics just introduced an infrared image sensor designed to bring affordable in-cabin monitoring to more vehicle models. The move leverages its Integrated Device Manufacturer setup for tighter supply-chain control and quality. Models currently see the shares as overvalued. Does scaling this automotive sensing business deliver more growth than the company risks losing to still-soft demand in its larger industrial and auto segments?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductors · 370 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−77.7% · Bottom 25%
Profitability
Return on equity (12 months)2.7% · Below median
Return on assets0.7% · Below median
Net margin (12 months)3.6% · Below median
Operating margin (12 months)6.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)26.1% · Above median
Dividend yield (12 months)0.9% · Below median
Balance sheet
Debt / equity0.10× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/B2.47× · Cheaper than median
P/S (12 months)3.37× · Cheaper than median
EV/EBITDA15.5× · Cheaper than median
PEG0.18× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)11· sector 28
HEALTH (low debt)95· sector 96
DIVIDEND (yield)17· sector 20
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "STMicroelectronics N.V Fair Value". https://www.fairvalue-calculator.com/stock/SGM
Frequently asked questions
Is STMicroelectronics N.V (SGM) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €8.40 versus a price of €37.60, about 78% lower (overvalued).
What is the fair value of SGM?
Our model-based fair value for STMicroelectronics N.V is €8.40 (as of Nov 8, 2026), built from audited fundamentals. The current price: €37.60.
What is the quality score of SGM?
STMicroelectronics N.V has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for STMicroelectronics N.V (SGM)?
Our model-based price target is the fair value of €8.40 (as of Nov 8, 2026) from 22 valuation models. Cautious scenario €5.89, optimistic scenario €11.68. It is a calculation from audited fundamentals, not an analyst target.
What is the STMicroelectronics N.V stock forecast for 2026?
Our models put fair value at €8.40, about 78% lower versus a price of €37.60 (overvalued). Cautious scenario €5.89, optimistic scenario €11.68. The calculation is refreshed regularly with new filings.
What is the revenue of STMicroelectronics N.V (SGM)?
STMicroelectronics N.V reported trailing-twelve-month revenue of about $13.1B (latest available figure, as of Nov 8, 2026).
Does STMicroelectronics N.V pay a dividend?
STMicroelectronics N.V currently shows a dividend yield of 0.85% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of STMicroelectronics N.V (SGM) and when is the ex-dividend date?
STMicroelectronics N.V pays a dividend of €0.321 per share a year, a dividend yield of 0.9%. The next ex-dividend date is Dec 14, 2026. A dividend has been paid every year since at least 2019. The payout ratio is 185% of earnings. Free cash flow covers the dividend 0.13 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into STMicroelectronics N.V (SGM)?
For today's price to be fair in a discounted-cash-flow model, STMicroelectronics N.V would have to grow free cash flow by more than 80 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of SGM use?
Our models discount STMicroelectronics N.V at 10.1 %: a base by market capitalisation (large), damped by beta 1.48, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For STMicroelectronics N.V that is more than 80 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has STMicroelectronics N.V (SGM) delivered so far?
Over the past 5 years revenue at STMicroelectronics N.V grew +3.7 % a year. The price currently implies free-cash-flow growth of more than 80 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of STMicroelectronics N.V (SGM) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into STMicroelectronics N.V (more than 80 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of STMicroelectronics N.V (SGM)?
The free-cash-flow yield on the price is 0.11 %: that much free cash flow STMicroelectronics N.V produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of STMicroelectronics N.V (SGM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For STMicroelectronics N.V it is €8.40 per share (as of Nov 8, 2026), against a price of €37.60. It is the blended result of 22 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is STMicroelectronics N.V stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SGM trades above its calculated fair value: price €37.60, fair value €8.40, a gap of about −78% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SGM?
No. The price is what the market pays today (€37.60); the fair value is what the company's own numbers justify (€8.40). For STMicroelectronics N.V the two are €29.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is STMicroelectronics N.V worth?
The market values STMicroelectronics N.V at about €39.6B (market capitalisation, as of Nov 8, 2026). Per share that is €37.60; our models calculate a fair value of €8.40 per share.
What do the bullish and bearish scenarios say about SGM?
Our models span a range for STMicroelectronics N.V: cautious scenario €5.89, base €8.40, optimistic €11.68 per share (as of Nov 8, 2026, price €37.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of SGM?
The PEG ratio of STMicroelectronics N.V is 0.18 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of STMicroelectronics N.V (SGM)?
Balance-sheet figures for STMicroelectronics N.V (as of Nov 8, 2026): return on equity 2.7%, debt of 0.10 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is SGM from its 52-week high?
STMicroelectronics N.V trades at €37.60, about 46% below its 52-week high of €69.82 and 102% above the low of €18.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €8.40 is for.
Which stocks are comparable to STMicroelectronics N.V?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is STMicroelectronics N.V stock attractive at the current price?
The data as of Nov 8, 2026: price €37.60, calculated fair value €8.40 (−78%), Quality Score 43/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SGM calculated?
We run STMicroelectronics N.V through 22 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €8.40 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. STMicroelectronics N.V itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of STMicroelectronics N.V (SGM)?
The closing price on Nov 6, 2026 was €37.60. Our model-based fair value is €8.40, about 78% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with STMicroelectronics N.V right now?
The price sits above even our optimistic bull case (€11.68). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (€5.89 to €11.68) leaves room in how you read the outcome.
Key figures of STMicroelectronics N.V
How large is the market capitalisation of STMicroelectronics N.V (SGM)?
The market capitalisation of STMicroelectronics N.V is €39.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of STMicroelectronics N.V (SGM)?
The price-to-sales ratio of STMicroelectronics N.V is 3.02 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of STMicroelectronics N.V (SGM)?
Earnings per share at STMicroelectronics N.V are €0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of STMicroelectronics N.V (SGM)?
The dividend yield of STMicroelectronics N.V is 0.9%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of STMicroelectronics N.V (SGM)?
The net margin of STMicroelectronics N.V is 1.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of STMicroelectronics N.V (SGM)?
The return on equity (ROE) of STMicroelectronics N.V is 2.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of STMicroelectronics N.V (SGM)?
On an EBIT basis the return on assets of STMicroelectronics N.V is 12.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of STMicroelectronics N.V (SGM)?
The operating margin of STMicroelectronics N.V is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at STMicroelectronics N.V (SGM)?
Revenue at STMicroelectronics N.V is growing +26.1% versus a year earlier (3y avg −8.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at STMicroelectronics N.V (SGM)?
Earnings per share at STMicroelectronics N.V are growing −33.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does STMicroelectronics N.V (SGM) hold?
STMicroelectronics N.V holds more cash than debt, $704M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026