SEALSQ Corp (LAES) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SEALSQ Corp stock $1.55, price $1.32, upside +17.2%, quality 34 out of 100. Rating: undervalued. 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 5, 2026.
How to read this chart
42‑month range $0.3420 – $21.97 · fair‑value band $1.02 – $1.94 · the $1.32 price screens below the $1.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
Follow SEALSQ in your weekly email
Every Wednesday you see whether SEALSQ is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductors in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
Show moreShow less
It offers semiconductors, such as VaultIC secure elements, quantum-resistant RISC-V secure chips, secure ARM platform, and smart card reader chips; custom chip design services; and other PKI services, including personal digital identity services.
The company also provides semiconductors secure chips, SaaS, software and INeS certificate management platform, implementation, integration and other services, and ASIC design and production services. Additionally, it develops WISeRobot.ch, a platform human and artificial intelligence collaboration.
It serves smart energy, smart home, automotive EV charging, consumer IoT, aerospace and military telecommunications, industry, logistics, medical, and luxury sectors. The company was founded in 2022 and is headquartered in Cointrin, Switzerland.
SEALSQ Corp operates as a subsidiary of WISeKey International Holding AG.
Stock analysis
SEALSQ Corp (LAES) currently trades at $1.32, while our model-based Fair Value estimate is $1.55, implying the stock looks roughly 15% undervalued today.
Show more
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: $1.02 (bear) to $1.94 (bull), the price of $1.32 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 34/100 (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.
SEALSQ Corp reported revenue of $18.3M in FY2025 versus $18.6M in FY2021, a compound −0.5%/yr. Reported net income was −$34.2M in FY2025.
Key figures
Market cap $342M Small · P/S ratio 13.9 · EPS (TTM) $−0.2000 · Return on equity −12.3% · Return on assets (EBIT) −16.0% (5-year average) · Operating margin −289% · Revenue (TTM) $24.6M · Revenue growth (YoY) +131%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).
What moves the price
The share trades about 79% below its 52-week high and 7% 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 17%, LAES screens cheaper than that median.
Fair Value models
Bear$1.02Fair Value $1.55Bull$1.94
Price $1.32 · Upside +17.2%
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
NCAV (Graham)$1.20$1.82$2.2854
All 1 models by family
Asset-Based
NCAV (Graham)$1.20$1.82$2.2854
The fair value above starts from this blend and is adjusted for dilution from new shares.
In the last 6 months, 4 officers or directors sold shares worth $580,999 and none bought.
SaleJean-Pierre EnguentVice President, R&DSS8× since Apr 8, 2026: 160,000 shares, avg. $2.39$382,064Nov 3, 202610b5-1 plan
SaleCarlos MoreiraChief Executive Officer, Director3× since May 27, 2026: 31,444 shares, avg. $3.57$112,267Jun 5, 202610b5-1 plan
SaleJohn Charles O'HaraChief Financial Officer, Director10× since Mar 19, 2026: 195,664 shares, avg. $2.85$556,895Jun 5, 202610b5-1 plan
SaleFranck Jean BuonannoVice-President, Global Sales2× since Mar 31, 2026: 30,000 shares, avg. $2.72$81,500May 14, 202610b5-1 plan
SaleMoreira Andreas FeuardentChief Innovation Officer10,000 shares at $2.31$23,100Apr 7, 202610b5-1 plan
SaleNathalie Claude Odile VerjusCompany Secretary5,000 shares at $3.03$15,150Mar 18, 202610b5-1 plan
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.
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.20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+46.4%
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.
−9.1%
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)
’20
’21
’22
’23
’24
’25
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.
−60.0% (2020) → −218.1% (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.
Free, no sign-up
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 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside+17.2% · Top 25%
Profitability
Return on assets−6.8% · Bottom 25%
Net margin (12 months)−170.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)131.1% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
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). "SEALSQ Corp Fair Value". https://www.fairvalue-calculator.com/stock/LAES
Frequently asked questions
Is SEALSQ Corp (LAES) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $1.55 versus a price of $1.32, about +17% upside (undervalued).
What is the fair value of LAES?
Our model-based fair value for SEALSQ Corp is $1.55 (as of Nov 5, 2026), built from audited fundamentals. The current price: $1.32.
What is the quality score of LAES?
SEALSQ Corp has a Quality Score of 34/100. 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 SEALSQ Corp (LAES)?
Our model-based price target is the fair value of $1.55 (as of Nov 5, 2026) from 1 valuation models. Cautious scenario $1.02, optimistic scenario $1.94. It is a calculation from audited fundamentals, not an analyst target.
What is the SEALSQ Corp stock forecast for 2026?
Our models put fair value at $1.55, about +17% upside versus a price of $1.32 (undervalued). Cautious scenario $1.02, optimistic scenario $1.94. The calculation is refreshed regularly with new filings.
What is the revenue of SEALSQ Corp (LAES)?
SEALSQ Corp reported trailing-twelve-month revenue of about $24.6M (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of SEALSQ Corp (LAES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SEALSQ Corp it is $1.55 per share (as of Nov 5, 2026), against a price of $1.32. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is SEALSQ Corp stock overvalued or undervalued in 2026?
As of Nov 5, 2026, LAES trades below its calculated fair value: price $1.32, fair value $1.55, a gap of about +17% (undervalued). 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 LAES?
No. The price is what the market pays today ($1.32); the fair value is what the company's own numbers justify ($1.55). For SEALSQ Corp the two are $0.2270 per share apart. That gap is exactly why we show both numbers side by side.
How much is SEALSQ Corp worth?
The market values SEALSQ Corp at about $342M (market capitalisation, as of Nov 5, 2026). Per share that is $1.32; our models calculate a fair value of $1.55 per share.
What do the bullish and bearish scenarios say about LAES?
Our models span a range for SEALSQ Corp: cautious scenario $1.02, base $1.55, optimistic $1.94 per share (as of Nov 5, 2026, price $1.32). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SEALSQ Corp (LAES)?
Balance-sheet figures for SEALSQ Corp (as of Nov 5, 2026): return on equity −12.3%, debt of 0.00 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is LAES from its 52-week high?
SEALSQ Corp trades at $1.32, about 79% below its 52-week high of $6.16 and 7% above the low of $1.23 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $1.55 is for.
Which stocks are comparable to SEALSQ Corp?
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 SEALSQ Corp stock attractive at the current price?
The data as of Nov 5, 2026: price $1.32, calculated fair value $1.55 (+17%), Quality Score 34/100, 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 LAES calculated?
We run SEALSQ Corp through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $1.55 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. SEALSQ Corp currently trades 15% 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 SEALSQ Corp (LAES)?
The closing price on Nov 6, 2026 was $1.32. Our model-based fair value is $1.55, about +17% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SEALSQ Corp right now?
A fairly wide model range ($1.02 to $1.94) 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 SEALSQ Corp
How large is the market capitalisation of SEALSQ Corp (LAES)?
The market capitalisation of SEALSQ Corp is $342M. 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 SEALSQ Corp (LAES)?
The price-to-sales ratio of SEALSQ Corp is 13.9 (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 SEALSQ Corp (LAES)?
Earnings per share at SEALSQ Corp are $−0.2000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of SEALSQ Corp (LAES)?
The return on equity (ROE) of SEALSQ Corp is −12.3% (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 SEALSQ Corp (LAES)?
On an EBIT basis the return on assets of SEALSQ Corp is −16.0% (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 SEALSQ Corp (LAES)?
The operating margin of SEALSQ Corp is −289% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SEALSQ Corp (LAES)?
Revenue at SEALSQ Corp is growing +131% versus a year earlier (3y avg −9.1%). 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 SEALSQ Corp (LAES) generate?
The free cash flow of SEALSQ Corp is −$32.5M (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 SEALSQ Corp (LAES) hold?
SEALSQ Corp holds more cash than debt, $410M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch SEALSQ Corp in the live analysis
One click puts SEALSQ Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 5, 2026
