Aware Inc (AWRE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Aware Inc stock $0.71, price $0.97, that is 26.8% below the price, quality 44 out of 100. Rating: overvalued. Calculated from audited financials with one 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 3, 2026.
How to read this chart
60‑month range $0.8400 – $4.20 · fair‑value band $0.4700 – $0.8900 · the $0.9700 price screens above the $0.7100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Aware, Inc., a biometric identity platform company, provides biometrics software products and services for government agencies and commercial entities in the United States, the United Kingdom, and internationally.
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The company offers biometric software solution, including AwareID, a software-as-a-service that provides identity verification and continuous authentication capabilities; AwareABIS, an automated biometric identification system used for large-scale biometric identification and deduplication; AFIX suite used for small-scale law enforcement focused biometric identification; and AFIX Tracker for fingerprint, palmprint, and latent print identification, as well as AFIX Face, AFIX Verifier, AFIX Identifier, AFIX Comparator, AFIX Engine, and AFIX NIST Transaction Engine.
It also provides BioSP, a biometric integration platform-as-a-service that enables biometric data processing and management functionality in a web services architecture; and WebEnroll, a browser-based biometric enrollment and data management solution.
In addition, the company offers biometrics applications, such as Nexa line, a biometric search and match SDKs including Nexa Fingerprint, Nexa Face, Nexa Iris, and Nexa Voice; and AwareXM, an interoperable fingerprint matching SDK that provides fingerprint minutiae extraction, template generation, and fingerprint authentication.
Further, it sells imaging products used in medical and advanced imaging applications; and offers software maintenance, program management, and software engineering services.
The company sells its products and services through systems integrators, original equipment manufacturers (OEMs), value added resellers, partners, and directly to select end user customers. Aware, Inc. was incorporated in 1986 and is headquartered in Burlington, Massachusetts.
Stock analysis
Aware Inc (AWRE) currently trades at $0.9700, while our model-based Fair Value estimate is $0.7100, 27% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: $0.4700 (bear) to $0.8900 (bull), the price of $0.9700 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 44/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Aware Inc reported revenue of $17.3M in FY2025 versus $16.9M in FY2021, a compound +0.6%/yr. Reported net income was −$5.9M in FY2025.
Key figures
Market cap $21.0M Micro · P/S ratio 1.24 · EPS (TTM) $−0.4300 · Net margin −51.9% · Return on equity −35.0% · Return on assets (EBIT) −13.2% (5-year average) · Operating margin −84.2% · Revenue (TTM) $16.4M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 62% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −27%, AWRE screens richer than that median.
Fair Value models
Bear$0.4700Fair Value $0.7100Bull$0.8900
Price $0.9700 · Downside -26.8%
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.
In the last 6 months, 3 officers or directors bought shares worth $254,641, most recently on Nov 4, 2026. Buying cluster
BuyAjay K AmlaniPresident & CEO, Director11× since May 1, 2026: 188,272 shares, avg. $1.13$213,200Nov 4, 2026
BuyDavid K TraverseChief Financial Officer2× since Mar 17, 2026: 9,500 shares, avg. $1.31$12,475Jun 2, 2026
BuyJohn S Stafford IIIDirector3× since Mar 13, 2026: 116,754 shares, avg. $1.25$146,445May 14, 2026
Plus 6 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.
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.26/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−0.6%
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.
+2.6%
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.
+8.9%
Start year 2020 (pandemic). Over 10 years: −1.3% 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.
+5.7%
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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.
−83.3% (2020) → −37.9% (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
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.Software - Application · 628 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside−26.8% · Below median
Profitability
Return on assets−15.8% · Bottom 25%
Net margin (12 months)−51.9% · Bottom 25%
Operating margin (12 months)−84.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−16.5% · Bottom 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B0.80× · Cheapest 25%
P/S (12 months)1.28× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)0· sector 41
PAST (return on equity)0· sector 20
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 29
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). "Aware Inc Fair Value". https://www.fairvalue-calculator.com/stock/AWRE
Frequently asked questions
Is Aware Inc (AWRE) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of $0.7100 versus a price of $0.9700, about 27% lower (overvalued).
What is the fair value of AWRE?
Our model-based fair value for Aware Inc is $0.7100 (as of Nov 3, 2026), built from audited fundamentals. The current price: $0.9700.
What is the quality score of AWRE?
Aware Inc has a Quality Score of 44/100. 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 Aware Inc (AWRE)?
Our model-based price target is the fair value of $0.7100 (as of Nov 3, 2026) from 1 valuation models. Cautious scenario $0.4700, optimistic scenario $0.8900. It is a calculation from audited fundamentals, not an analyst target.
What is the Aware Inc stock forecast for 2026?
Our models put fair value at $0.7100, about 27% lower versus a price of $0.9700 (overvalued). Cautious scenario $0.4700, optimistic scenario $0.8900. The calculation is refreshed regularly with new filings.
What is the revenue of Aware Inc (AWRE)?
Aware Inc reported trailing-twelve-month revenue of about $16.4M (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Aware Inc (AWRE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aware Inc it is $0.7100 per share (as of Nov 3, 2026), against a price of $0.9700. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Aware Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, AWRE trades above its calculated fair value: price $0.9700, fair value $0.7100, a gap of about −27% (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 AWRE?
No. The price is what the market pays today ($0.9700); the fair value is what the company's own numbers justify ($0.7100). For Aware Inc the two are $0.2600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aware Inc worth?
The market values Aware Inc at about $21.0M (market capitalisation, as of Nov 3, 2026). Per share that is $0.9700; our models calculate a fair value of $0.7100 per share.
What do the bullish and bearish scenarios say about AWRE?
Our models span a range for Aware Inc: cautious scenario $0.4700, base $0.7100, optimistic $0.8900 per share (as of Nov 3, 2026, price $0.9700). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Aware Inc (AWRE)?
Balance-sheet figures for Aware Inc (as of Nov 3, 2026): return on equity −35.0%. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is AWRE from its 52-week high?
Aware Inc trades at $0.9700, about 62% below its 52-week high of $2.53 and 15% above the low of $0.8400 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $0.7100 is for.
Which stocks are comparable to Aware Inc?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Aware Inc stock attractive at the current price?
The data as of Nov 3, 2026: price $0.9700, calculated fair value $0.7100 (−27%), Quality Score 44/100, from 1 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 AWRE calculated?
We run Aware Inc through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $0.7100 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. Aware 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 Aware Inc (AWRE)?
The closing price on Nov 6, 2026 was $0.9700. Our model-based fair value is $0.7100, about 27% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aware Inc right now?
The price sits above even our optimistic bull case ($0.8900). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($0.4700 to $0.8900) 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 Aware Inc
How large is the market capitalisation of Aware Inc (AWRE)?
The market capitalisation of Aware Inc is $21.0M. 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 Aware Inc (AWRE)?
The price-to-sales ratio of Aware Inc is 1.24 (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 Aware Inc (AWRE)?
Earnings per share at Aware Inc are $−0.4300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Aware Inc (AWRE)?
The net margin of Aware Inc is −51.9% (last twelve months). 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 Aware Inc (AWRE)?
The return on equity (ROE) of Aware Inc is −35.0% (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 Aware Inc (AWRE)?
On an EBIT basis the return on assets of Aware Inc is −13.2% (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 Aware Inc (AWRE)?
The operating margin of Aware Inc is −84.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aware Inc (AWRE)?
Revenue at Aware Inc is growing −16.5% versus a year earlier (3y avg +2.6%). 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 Aware Inc (AWRE)?
Earnings per share at Aware Inc are growing −58.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Aware Inc (AWRE) generate?
The free cash flow of Aware Inc is −$5.6M (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 Aware Inc (AWRE) hold?
Aware Inc holds more cash than debt, $3.3M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 3, 2026
