Tactile Systems Technology Inc (TCMD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tactile Systems Technology Inc stock $28.63, price $26.03, upside +10.0%, quality 76 out of 100. Rating: fairly valued. Calculated from audited financials with 24 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 $6.55 – $45.93 · fair‑value band $21.34 – $35.93 · the $26.03 price screens below the $28.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States.
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It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema, phlebolymphedema, lipedema, venous insufficiencies, and other types of edema and leg ulcers; Entre Plus System, a pneumatic compression device for the at-home treatment of lymphedema, chronic edema, venous insufficiency, and chronic wounds.
The company also provides Nimbl, a pneumatic compression platform for the treatment of upper extremity lymphedema; Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, and treatment, as well as to share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest to treat patients with retained pulmonary secretions resulting from bronchiectasis, cystic fibrosis, and various neuromuscular disorders.
Tactile Systems Technology, Inc. was incorporated in 1995 and is headquartered in Minneapolis, Minnesota.
Stock analysis
Tactile Systems Technology Inc (TCMD) currently trades at $26.03, while our model-based Fair Value estimate is $28.63, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of $32.13 per share, and 11 of the 24 models we run sit above the $26.03 price.
Bear case: the Asset-Based group reads lowest at $4.86, and 13 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $21.34 (bear) to $35.93 (bull), the price of $26.03 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 76/100 (high quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Tactile Systems Technology Inc reported revenue of $330M in FY2025 versus $208M in FY2021, a compound +12.2%/yr. Reported net income was $19.1M in FY2025.
Key figures
Market cap $600M Small · P/E ratio 23.9 · P/S ratio 1.71 · EPS (TTM) $1.09 · Net margin 7.1% · Return on equity 11.9% · Return on assets (EBIT) 3.8% (5-year average) · Operating margin 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −15% fair-value upside, at 10%, TCMD screens cheaper than that median.
Fair Value models
Bear$21.34Fair Value $28.63Bull$35.93
Price $26.03 · Upside +10.0%
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 10 months old). Earnings retained since then ($0.9317 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.
In the last 6 months, 3 officers or directors sold shares worth $556,606 and none bought.
SaleLaura G. KingDirector4,800 shares at $25.00$120,000Nov 3, 202610b5-1 plan
SaleSheri Louise DoddChief Executive Officer, Director3× since Feb 23, 2026: 37,211 shares, avg. $28.82$1.1MAug 10, 2026
SaleElaine M. BirkemeyerCHIEF FINANCIAL OFFICER3× since Feb 23, 2026: 17,850 shares, avg. $27.59$492,410May 11, 2026
SaleKristie BurnsSr. VP Mktg & Clinical Affairs3× since Jan 2, 2026: 15,824 shares, avg. $28.73$454,620Feb 24, 2026
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
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.86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.5%
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.
+10.1%
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.
+12.0%
Start year 2020 (pandemic). Over 10 years: +18.0% a year
Revenue growth 12 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.
+19.9%
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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. Basis: adjusted.
+30.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.3%
Dividend (yield on the price)0.0%
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.8.0% vs 18.1%, 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.−2% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
+5.0%
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.
+8.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +2.5% a year for the price and +5.9% for the forecasts.
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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.Medical Devices · 320 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)11.9% · Top 25%
Return on assets7.0% · Top 25%
Net margin (12 months)7.1% · Above median
Operating margin (12 months)8.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)8.6% · Above median
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Medical Devices 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). "Tactile Systems Technology Inc Fair Value". https://www.fairvalue-calculator.com/stock/TCMD
Frequently asked questions
Is Tactile Systems Technology Inc (TCMD) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $28.63 versus a price of $26.03, about +10% upside (fairly valued).
What is the fair value of TCMD?
Our model-based fair value for Tactile Systems Technology Inc is $28.63 (as of Nov 8, 2026), built from audited fundamentals. The current price: $26.03.
What is the quality score of TCMD?
Tactile Systems Technology Inc has a Quality Score of 76/100. 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 Tactile Systems Technology Inc (TCMD)?
Our model-based price target is the fair value of $28.63 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario $21.34, optimistic scenario $35.93. It is a calculation from audited fundamentals, not an analyst target.
What is the Tactile Systems Technology Inc stock forecast for 2026?
Our models put fair value at $28.63, about +10% upside versus a price of $26.03 (fairly valued). Cautious scenario $21.34, optimistic scenario $35.93. The calculation is refreshed regularly with new filings.
What is the revenue of Tactile Systems Technology Inc (TCMD)?
Tactile Systems Technology Inc reported trailing-twelve-month revenue of about $350M (latest available figure, as of Nov 8, 2026).
What growth is priced into Tactile Systems Technology Inc (TCMD)?
For today's price to be fair in a discounted-cash-flow model, Tactile Systems Technology Inc would have to grow free cash flow by +5.0 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of TCMD use?
Our models discount Tactile Systems Technology Inc at 10.9 %: a base by market capitalisation (small), damped by beta 0.89, 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 Tactile Systems Technology Inc that is +5.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Tactile Systems Technology Inc (TCMD) delivered so far?
Over the past 5 years revenue at Tactile Systems Technology Inc grew +12.0 % a year. The price currently implies free-cash-flow growth of +5.0 % 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 Tactile Systems Technology Inc (TCMD) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into Tactile Systems Technology Inc (+5.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tactile Systems Technology Inc (TCMD)?
The free-cash-flow yield on the price is 6.74 %: that much free cash flow Tactile Systems Technology Inc produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tactile Systems Technology Inc (TCMD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tactile Systems Technology Inc it is $28.63 per share (as of Nov 8, 2026), against a price of $26.03. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Tactile Systems Technology Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, TCMD trades below its calculated fair value: price $26.03, fair value $28.63, a gap of about +10% (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 TCMD?
No. The price is what the market pays today ($26.03); the fair value is what the company's own numbers justify ($28.63). For Tactile Systems Technology Inc the two are $2.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tactile Systems Technology Inc worth?
The market values Tactile Systems Technology Inc at about $600M (market capitalisation, as of Nov 8, 2026). Per share that is $26.03; our models calculate a fair value of $28.63 per share.
What do the bullish and bearish scenarios say about TCMD?
Our models span a range for Tactile Systems Technology Inc: cautious scenario $21.34, base $28.63, optimistic $35.93 per share (as of Nov 8, 2026, price $26.03). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TCMD?
Tactile Systems Technology Inc trades at a price-to-earnings ratio of 23.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $28.63 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, FY2018, FY2020, FY2025 ex one-offs: 94.8. Other multiples: PEG 17.8, P/B 2.7, P/S 1.7, EV/EBITDA 12.9.
What is the PEG ratio of TCMD?
The PEG ratio of Tactile Systems Technology Inc is 17.79 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Tactile Systems Technology Inc (TCMD)?
Balance-sheet figures for Tactile Systems Technology Inc (as of Nov 8, 2026): return on equity 11.9%, debt of 0.11 per unit of equity. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is TCMD from its 52-week high?
Tactile Systems Technology Inc trades at $26.03, about 21% below its 52-week high of $33.05 and 20% above the low of $21.71 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $28.63 is for.
Which stocks are comparable to Tactile Systems Technology Inc?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific 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 Tactile Systems Technology Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $26.03, calculated fair value $28.63 (+10%), Quality Score 76/100, from 24 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 TCMD calculated?
We run Tactile Systems Technology Inc through 24 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 $28.63 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. Tactile Systems Technology Inc currently trades 9% 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 Tactile Systems Technology Inc (TCMD)?
The closing price on Nov 6, 2026 was $26.03. Our model-based fair value is $28.63, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tactile Systems Technology Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Tactile Systems Technology Inc (TCMD) come from?
Earnings per share at Tactile Systems Technology Inc grew +22.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.3 %, EBIT margin +3.1 %, tax rate +5.6 %, residual (interest, one-offs) +0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Tactile Systems Technology Inc
How large is the market capitalisation of Tactile Systems Technology Inc (TCMD)?
The market capitalisation of Tactile Systems Technology Inc is $600M. 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 Tactile Systems Technology Inc (TCMD)?
The price-to-sales ratio of Tactile Systems Technology Inc is 1.71 (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 Tactile Systems Technology Inc (TCMD)?
Earnings per share at Tactile Systems Technology Inc are $1.09 (price ÷ EPS = P/E 23.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tactile Systems Technology Inc (TCMD)?
The net margin of Tactile Systems Technology Inc is 7.1% (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 Tactile Systems Technology Inc (TCMD)?
The return on equity (ROE) of Tactile Systems Technology Inc is 11.9% (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 Tactile Systems Technology Inc (TCMD)?
On an EBIT basis the return on assets of Tactile Systems Technology Inc is 3.8% (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 Tactile Systems Technology Inc (TCMD)?
The operating margin of Tactile Systems Technology Inc is 8.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tactile Systems Technology Inc (TCMD)?
Revenue at Tactile Systems Technology Inc is growing +8.6% versus a year earlier (3y avg +10.1%). 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 Tactile Systems Technology Inc (TCMD)?
Earnings per share at Tactile Systems Technology Inc are growing +144% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tactile Systems Technology Inc (TCMD) hold?
Tactile Systems Technology Inc holds more cash than debt, $67.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 8, 2026