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Atomera Inc (ATOM) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Atomera Inc stock $1.60, price $2.89, that is 44.5% below the price, quality 28 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology US

AI Atomera Inc logo Thin data Nov 10, 2026

Atomera Inc

ATOM · US
Very expensive, weak quality

Our calculation puts a fair price 45% below what the stock costs today.

Low debt
Insiders sold $1.6M (6M)
Fair value $1.60 · Strongly overvalued
Quality 28/100
Weak Growth (revenue 3y −44.6 %/yr in USD)
Negative free cash flow
Trails peers (2/7)
Narrow moat 5/100
Thin data
⟳ CyclicalEstimate
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

$31.77 $1.99 Fair Value $1.60 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range $1.99 – $31.77 · fair‑value band $1.20 – $2.00 · the $2.89 price screens above the $1.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and Europe.

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The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.

Its customers include foundries, integrated device manufacturers, fabless semiconductor manufacturers, original equipment manufacturers, wafer manufacturers, and electronic design automation companies.

Atomera Incorporated was formerly known as Mears Technologies, Inc. and changed its name to Atomera Incorporated in January 2016. The company was incorporated in 2001 and is headquartered in Los Gatos, California.

Stock analysis

Atomera Inc (ATOM) currently trades at $2.89, while our estimate is $1.60, 45% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: $1.20 (bear) to $2.00 (bull), the price of $2.89 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 28/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Atomera Inc reported revenue of $65.0K in FY2025 versus $400K in FY2021, a compound −36.5%/yr. Reported net income was −$20.2M in FY2025.

Key figures

Market cap $111M Micro · EPS (TTM) $−0.6300 · Return on equity −88.1% · Return on assets (EBIT) −72.2% (5-year average) · Operating margin −10,969% · Revenue growth (YoY) +175% · Free cash flow −$14.9M · Net cash $17.2M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 5 out of 100 (medium confidence).

What moves the price

The share trades about 76% below its 52-week high and 45% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −45%, ATOM screens richer than that median.

Fair Value

Bear $1.20 Fair Value $1.60 Bull $2.00
Price $2.89 · Downside -44.5%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 28/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 10
Are margins and returns getting better?
Cashflow 5
Do the profits arrive as real cash?
Financial strength 89
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 23
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 25
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, 3 officers or directors sold shares worth $1.6M and none bought.

  • SaleRobert J MearsChief Technology Officer9× since Dec 1, 2025: 93,075 shares, avg. $7.45$693,561Nov 2, 202610b5-1 plan
  • SaleScott A. BibaudCEO and President, Director5× since Dec 1, 2025: 97,152 shares, avg. $7.51$729,498Sep 1, 2026
  • SaleFrancis LaurencioCFO6× since Dec 1, 2025: 64,598 shares, avg. $7.35$474,514Sep 1, 2026

Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−51.9%
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.
−44.6%
Revenue growth 8 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.
−6.4%
Profit margin (trend) ⓘ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.
−24,064.5% (2020) → −32,496.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

ATOM screens overvalued: fair value 45% below the price. Compare with ASML Holding →

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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.Semiconductor Equipment & Materials · 245 stocks

Beats the industry median on 1/5 measures
Overall it trails its industry peers.
Valuation
Quality Score 28 · Bottom 25%
Fair Value upside −44.5% · Below median
Profitability
Return on assets −95.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 175.0% · Top 25%

Valuation Multiplesvs Semiconductor Equipment & Materials median · lower = cheaper

P/B 6.07× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)0 · sector 38
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)0 · sector 19

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Lam Research Corporation LRCX $222.39 $243.44 +9% vs ATOM
Hon. Precision, Inc 7769 4,220 TWD 4,444 TWD +5% vs ATOM
Applied Materials, Inc AMAT $372.53 $368.90 −1% vs ATOM
ASML Holding ASML €1,361 €1,345 −1% vs ATOM
KLA Corporation KLAC $152.99 $136.10 −11% vs ATOM
Entegris, Inc ENTG $138.57 $91.54 −34% vs ATOM
Qnity Electronics, Inc Q $123.64 $70.54 −43% vs ATOM
Advanced Micro-Fabrication Equipment Inc 688012 ¥245.66 ¥123.44 −50% vs ATOM
Teradyne, Inc TER $245.40 $66.14 −73% vs ATOM
Hangzhou Changchuan Technology Co 300604 ¥180.91 ¥45.22 −75% vs ATOM

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Atomera Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Atomera Inc Fair Value". https://www.fairvalue-calculator.com/stock/ATOM

Frequently asked questions

Is Atomera Inc (ATOM) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is $1.60 versus a price of $2.89, about 45% lower (overvalued).
What is the fair value of ATOM?
Our estimate for Atomera Inc is $1.60 (as of Nov 10, 2026), built from audited fundamentals. The current price: $2.89.
What is the quality score of ATOM?
Atomera Inc has a Quality Score of 28/100. 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 Atomera Inc (ATOM)?
Our calculated price target is the estimate of $1.60 (as of Nov 10, 2026). Cautious scenario $1.20, optimistic scenario $2.00. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Atomera Inc stock forecast for 2026?
Our estimate puts fair value at $1.60, about 45% lower versus a price of $2.89 (overvalued). Cautious scenario $1.20, optimistic scenario $2.00. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Atomera Inc (ATOM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Atomera Inc it is $1.60 per share (as of Nov 10, 2026), against a price of $2.89.
Is Atomera Inc stock overvalued or undervalued in 2026?
As of Nov 10, 2026, ATOM trades above its calculated fair value: price $2.89, fair value $1.60, a gap of about −45% (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 ATOM?
No. The price is what the market pays today ($2.89); the fair value is what the company's own numbers justify ($1.60). For Atomera Inc the two are $1.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Atomera Inc worth?
The market values Atomera Inc at about $111M (market capitalisation, as of Nov 10, 2026). Per share that is $2.89; our models calculate a fair value of $1.60 per share.
What do the bullish and bearish scenarios say about ATOM?
Our models span a range for Atomera Inc: cautious scenario $1.20, base $1.60, optimistic $2.00 per share (as of Nov 10, 2026, price $2.89). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Atomera Inc (ATOM)?
Balance-sheet figures for Atomera Inc (as of Nov 10, 2026): return on equity −88.1%. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is ATOM from its 52-week high?
Atomera Inc trades at $2.89, about 76% below its 52-week high of $12.11 and 45% above the low of $1.99 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of $1.60 is for.
Which stocks are comparable to Atomera Inc?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 Atomera Inc stock attractive at the current price?
The data as of Nov 10, 2026: price $2.89, calculated fair value $1.60 (−45%), Quality Score 28/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Atomera Inc 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 Atomera Inc (ATOM)?
The closing price on Nov 10, 2026 was $2.89. Our estimate is $1.60, about 45% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Atomera Inc right now?
The price sits above even our optimistic bull case ($2.00). The favourable scenario is already priced in. Weak quality (28/100) 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.

Key figures of Atomera Inc

How large is the market capitalisation of Atomera Inc (ATOM)?
The market capitalisation of Atomera Inc is $111M. 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 are the earnings per share of Atomera Inc (ATOM)?
Earnings per share at Atomera Inc are $−0.6300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Atomera Inc (ATOM)?
The return on equity (ROE) of Atomera Inc is −88.1% (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 Atomera Inc (ATOM)?
On an EBIT basis the return on assets of Atomera Inc is −72.2% (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 Atomera Inc (ATOM)?
The operating margin of Atomera Inc is −10,969% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Atomera Inc (ATOM)?
Revenue at Atomera Inc is growing +175% versus a year earlier (3y avg −44.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Atomera Inc (ATOM) generate?
The free cash flow of Atomera Inc is −$14.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Atomera Inc (ATOM) hold?
Atomera Inc holds more cash than debt, $17.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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