Altigen Communications Inc (ATGN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Altigen Communications Inc stock $0.47, price $0.45, upside +4.4%, quality 55 out of 100. Rating: fairly valued. Calculated from audited financials with 21 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 4, 2026.
How to read this chart
60‑month range $0.3700 – $2.25 · fair‑value band $0.3200 – $0.6300 · the $0.4500 price screens below the $0.4700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Altigen Communications, Inc. designs, develops, markets, and supports integrated communications solutions worldwide.
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The company offers MaxCS PBX, a suite of software applications to provide analog and VoIP telephone, operator software, and desktop call control software on each extension of the system; MaxCloud UC, a unified communications system for instant messaging, desktop sharing, and video conferencing; MaxMobile, a user interface solution for smart phone devices to separate desktop phone calls; and MaxCommunicator, a windows-based desktop application that provides call control and visual voice mail management to the desktop.
It also offers MaxAgent, a windows-based desktop application to bring call control and workgroup information to call center agents; MaxSupervisor, a windows-based desktop application for call center supervisors to allow call center or workgroup supervisor to effectively manage a workgroup call, as well as operates FrontStage Cloud Contact Center, a voice, SMS, web chat, and email application product to support its certified partners.
In addition, the company provides cloud communications and other financial services solutions. Altigen Communications, Inc. offers technology consulting solutions.
The company serves financial services, healthcare, retail, and business services industries through a channel of distributors and resellers. Altigen Communications, Inc. was incorporated in 1994 and is based in Newark, California.
Stock analysis
Altigen Communications Inc (ATGN) currently trades at $0.4500, while our model-based Fair Value estimate is $0.4700, so the stock looks roughly fairly valued today (gap 4.3%).
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Valuation
Bull case: the Multiples group reads highest at a median of $0.7650 per share, and 10 of the 21 models we run sit above the $0.4500 price.
Bear case: the Asset-Based group reads lowest at $0.1100, and 11 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: $0.3200 (bear) to $0.6300 (bull), the price of $0.4500 sits inside 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 55/100 (solid quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Altigen Communications Inc reported revenue of $13.9M in FY2025 versus $11.0M in FY2021, a compound +6.0%/yr. Reported net income was $738K in FY2025.
Key figures
Market cap $11.6M Micro · P/E ratio 22.5 · P/S ratio 1.20 · EPS (TTM) $0.0200 · Net margin 5.3% · Return on equity −1.0% · Return on assets (EBIT) −0.5% (5-year average) · Operating margin 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at 4%, ATGN screens richer than that median.
Fair Value models
Bear$0.3200Fair Value $0.4700Bull$0.6300
Price $0.4500 · Upside +4.4%
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($0.0200 per share) are deliberately not added.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.
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.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.8%
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.
+5.3%
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.
+3.3%
Start year 2020 (pandemic). Over 10 years: +3.5% a year
Revenue growth 25 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.
+0.4%
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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.
−17.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.2%
Dividend (yield on the price)0.0%
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.20% → 5%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+28.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +25.2% a year for the price.
Compare Altigen Communications Inc with another stock
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.Telecom Services · 234 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+4.4% · Below median
Profitability
Return on assets4.5% · Above median
Net margin (12 months)18.1% · Top 25%
Operating margin (12 months)0.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−14.2% · Bottom 25%
Valuation Multiplesvs Telecom Services median · lower = cheaper
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Is Altigen Communications Inc (ATGN) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $0.4700 versus a price of $0.4500, about +4% upside (fairly valued).
What is the fair value of ATGN?
Our model-based fair value for Altigen Communications Inc is $0.4700 (as of Nov 4, 2026), built from audited fundamentals. The current price: $0.4500.
What is the quality score of ATGN?
Altigen Communications Inc has a Quality Score of 55/100. 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 Altigen Communications Inc (ATGN)?
Our model-based price target is the fair value of $0.4700 (as of Nov 4, 2026) from 21 valuation models. Cautious scenario $0.3200, optimistic scenario $0.6300. It is a calculation from audited fundamentals, not an analyst target.
What is the Altigen Communications Inc stock forecast for 2026?
Our models put fair value at $0.4700, about +4% upside versus a price of $0.4500 (fairly valued). Cautious scenario $0.3200, optimistic scenario $0.6300. The calculation is refreshed regularly with new filings.
What is the revenue of Altigen Communications Inc (ATGN)?
Altigen Communications Inc reported trailing-twelve-month revenue of about $14.1M (latest available figure, as of Nov 4, 2026).
What growth is priced into Altigen Communications Inc (ATGN)?
For today's price to be fair in a discounted-cash-flow model, Altigen Communications Inc would have to grow free cash flow by +28.2 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.3 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of ATGN use?
Our models discount Altigen Communications Inc at 10.0 %: a base by market capitalisation (nano), damped by beta 1.10, country premium for USA. 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 Altigen Communications Inc that is +28.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has Altigen Communications Inc (ATGN) delivered so far?
Over the past 5 years revenue at Altigen Communications Inc grew +3.3 % a year. The price currently implies free-cash-flow growth of +28.2 % 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 Altigen Communications Inc (ATGN) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Altigen Communications Inc (+28.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Altigen Communications Inc (ATGN)?
The free-cash-flow yield on the price is 1.62 %: that much free cash flow Altigen Communications Inc produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Altigen Communications Inc (ATGN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Altigen Communications Inc it is $0.4700 per share (as of Nov 4, 2026), against a price of $0.4500. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Altigen Communications Inc stock overvalued or undervalued in 2026?
As of Nov 4, 2026, ATGN trades below its calculated fair value: price $0.4500, fair value $0.4700, a gap of about +4% (fairly valued). 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 ATGN?
No. The price is what the market pays today ($0.4500); the fair value is what the company's own numbers justify ($0.4700). For Altigen Communications Inc the two are $0.0200 per share apart. That gap is exactly why we show both numbers side by side.
How much is Altigen Communications Inc worth?
The market values Altigen Communications Inc at about $11.6M (market capitalisation, as of Nov 4, 2026). Per share that is $0.4500; our models calculate a fair value of $0.4700 per share.
What do the bullish and bearish scenarios say about ATGN?
Our models span a range for Altigen Communications Inc: cautious scenario $0.3200, base $0.4700, optimistic $0.6300 per share (as of Nov 4, 2026, price $0.4500). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ATGN?
Altigen Communications Inc trades at a price-to-earnings ratio of 22.5 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.4700 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2017 to 2025), reported earnings: 15.1. Other multiples: PEG 1.4.
What is the PEG ratio of ATGN?
The PEG ratio of Altigen Communications Inc is 1.41 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Altigen Communications Inc (ATGN)?
Balance-sheet figures for Altigen Communications Inc (as of Nov 4, 2026): return on equity −1.0%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is ATGN from its 52-week high?
Altigen Communications Inc trades at $0.4500, about 31% below its 52-week high of $0.6500 and 13% above the low of $0.4000 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $0.4700 is for.
Which stocks are comparable to Altigen Communications Inc?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 Altigen Communications Inc stock attractive at the current price?
The data as of Nov 4, 2026: price $0.4500, calculated fair value $0.4700 (+4%), Quality Score 55/100, from 21 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 ATGN calculated?
We run Altigen Communications Inc through 21 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $0.4700 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 13.3% above its aggregate fair value. Altigen Communications Inc currently trades 4% below its own fair value, and the market average says nothing about that. 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 Altigen Communications Inc (ATGN)?
The closing price on Nov 6, 2026 was $0.4500. Our model-based fair value is $0.4700, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Altigen Communications Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($0.3200 to $0.6300) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Altigen Communications Inc
How large is the market capitalisation of Altigen Communications Inc (ATGN)?
The market capitalisation of Altigen Communications Inc is $11.6M. 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 Altigen Communications Inc (ATGN)?
The price-to-sales ratio of Altigen Communications Inc is 1.20 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Altigen Communications Inc (ATGN)?
Earnings per share at Altigen Communications Inc are $0.0200 (price ÷ EPS = P/E 22.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Altigen Communications Inc (ATGN)?
The net margin of Altigen Communications Inc is 5.3% (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 Altigen Communications Inc (ATGN)?
The return on equity (ROE) of Altigen Communications Inc is −1.0% (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 Altigen Communications Inc (ATGN)?
On an EBIT basis the return on assets of Altigen Communications Inc is −0.5% (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 Altigen Communications Inc (ATGN)?
The operating margin of Altigen Communications Inc is 0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Altigen Communications Inc (ATGN)?
Revenue at Altigen Communications Inc is growing −14.2% versus a year earlier (3y avg +5.3%). 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 Altigen Communications Inc (ATGN)?
Earnings per share at Altigen Communications Inc are growing −86.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 4, 2026