Focusrite Plc (TUNE) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Focusrite Plc stock £2.34, price £2.48, that is 5.6% below the price, quality 65 out of 100. Rating: fairly valued. Calculated from audited financials with 14 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 £1.26 – £16.47 · fair‑value band £1.68 – £2.99 · the £2.48 price screens above the £2.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Focusrite plc engages in the development, manufacturing, and marketing of professional audio and electronic music products in North America, Europe, the Middle East, Africa, and internationally. It operates through Focusrite, Novation, ADAM Audio, Martin Audio, Sequential, and Sonnox segments.
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The company offers audio interfaces, synthesizers, audio software, keyboard and pad controllers, grooveboxes, and monitor speakers under the Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Sequential, Oberheim, and Sonnox brands.
It provides point source speakers, constant curvature arrays, line arrays, digital signal processors, amplifiers, immersive audio processors, and stage rigging control under the Martin Audio, Optimal Audio, Linea Research, TiMax, and OutBoard brands.
In addition, the company is involved in provision of marketing and operational services; other engineering activities; wholesale of other machinery and equipment, and electronic and telecommunications equipment and parts; facilities support activities; business and software development; and leasing of intellectual property and similar products.
It sells its products through distributors and resellers as well as directly to end users through its brands e-commerce sites. Focusrite plc was founded in 1985 and is based in High Wycombe, the United Kingdom.
Stock analysis
Focusrite Plc (TUNE) currently trades at £2.48, while our model-based Fair Value estimate is £2.34, so the stock looks roughly fairly valued today (gap 6.0%).
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Valuation
Bull case: the DCF Models group reads highest at a median of £4.85 per share, and 9 of the 14 models we run sit above the £2.48 price.
Bear case: the Asset-Based group reads lowest at £0.4000, and 5 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: £1.68 (bear) to £2.99 (bull), the price of £2.48 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 65/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Focusrite Plc reported revenue of £164M in FY2026 versus £184M in FY2022, a compound −2.8%/yr. Reported net income was −£1.5M in FY2026.
Key figures
Market cap £147M Micro · P/S ratio 0.82 · EPS (TTM) £0.0900 · Dividend yield 2.7% · Net margin −0.9% · Return on equity 4.6% · Return on assets (EBIT) 8.0% (5-year average) · Operating margin 7.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 61% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at −6%, TUNE screens richer than that median.
Fair Value models
Bear£1.68Fair Value £2.34Bull£2.99
Price £2.48 · Downside -5.6%
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 2026 figures (about 2 months old). Earnings retained since then (£0.0043 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.25/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.1%
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.
−2.8%
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.
−1.2%
Start year 2021 (pandemic). Over 10 years: +11.7% a year
Revenue growth 14 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.
+14.3%
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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.
20.6% (2021) → 5.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
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).
−4.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
+4.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −6.8% a year for the price and +2.1% for the forecasts.
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.Leisure · 169 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−0.4% · Below median
Profitability
Return on equity (12 months)4.6% · Below median
Return on assets−0.8% · Below median
Net margin (12 months)−0.9% · Below median
Operating margin (12 months)7.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)7.8% · Above median
Dividend yield (12 months)2.7% · Above median
Balance sheet
Debt / equity0.31× · Above median
Valuation Multiplesvs Leisure 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). "Focusrite Plc Fair Value". https://www.fairvalue-calculator.com/stock/TUNE
Frequently asked questions
Is Focusrite Plc (TUNE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of £2.34 versus a price of £2.48, about 6% lower (fairly valued).
What is the fair value of TUNE?
Our model-based fair value for Focusrite Plc is £2.34 (as of Nov 8, 2026), built from audited fundamentals. The current price: £2.48.
What is the quality score of TUNE?
Focusrite Plc has a Quality Score of 65/100. 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 Focusrite Plc (TUNE)?
Our model-based price target is the fair value of £2.34 (as of Nov 8, 2026) from 14 valuation models. Cautious scenario £1.68, optimistic scenario £2.99. It is a calculation from audited fundamentals, not an analyst target.
What is the Focusrite Plc stock forecast for 2026?
Our models put fair value at £2.34, about 6% lower versus a price of £2.48 (fairly valued). Cautious scenario £1.68, optimistic scenario £2.99. The calculation is refreshed regularly with new filings.
What is the revenue of Focusrite Plc (TUNE)?
Focusrite Plc reported trailing-twelve-month revenue of about £164M (latest available figure, as of Nov 8, 2026).
Does Focusrite Plc pay a dividend?
Focusrite Plc currently shows a dividend yield of 2.72% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Focusrite Plc (TUNE) and when is the ex-dividend date?
Focusrite Plc pays a dividend of £0.0674 per share a year, a dividend yield of 2.7%. The last ex-dividend date was Jul 9, 2026. A dividend has been paid every year since at least 2015. The payout ratio is 74.9% of earnings. Free cash flow covers the dividend 7.86 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Focusrite Plc (TUNE)?
For today's price to be fair in a discounted-cash-flow model, Focusrite Plc would have to grow free cash flow by -4.6 % per year for five years (discount rate 13.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of TUNE use?
Our models discount Focusrite Plc at 13.7 %: a base by market capitalisation (micro), damped by beta 1.12, country premium for United Kingdom. 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 Focusrite Plc that is -4.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.7 %) and the same formula as our fair value.
How much growth has Focusrite Plc (TUNE) delivered so far?
Over the past 5 years revenue at Focusrite Plc grew -1.2 % a year. The price currently implies free-cash-flow growth of -4.6 % 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 Focusrite Plc (TUNE) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Focusrite Plc (-4.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Focusrite Plc (TUNE)?
The free-cash-flow yield on the price is 21.21 %: that much free cash flow Focusrite Plc produces per unit of market value. When it exceeds the discount rate of our models (13.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Focusrite Plc (TUNE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Focusrite Plc it is £2.34 per share (as of Nov 8, 2026), against a price of £2.48. It is the blended result of 14 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Focusrite Plc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, TUNE trades above its calculated fair value: price £2.48, fair value £2.34, a gap of about −6% (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 TUNE?
No. The price is what the market pays today (£2.48); the fair value is what the company's own numbers justify (£2.34). For Focusrite Plc the two are £0.1400 per share apart. That gap is exactly why we show both numbers side by side.
How much is Focusrite Plc worth?
The market values Focusrite Plc at about £147M (market capitalisation, as of Nov 8, 2026). Per share that is £2.48; our models calculate a fair value of £2.34 per share.
What do the bullish and bearish scenarios say about TUNE?
Our models span a range for Focusrite Plc: cautious scenario £1.68, base £2.34, optimistic £2.99 per share (as of Nov 8, 2026, price £2.48). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Focusrite Plc (TUNE)?
Balance-sheet figures for Focusrite Plc (as of Nov 8, 2026): return on equity 4.6%, debt of 0.31 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is TUNE from its 52-week high?
Focusrite Plc trades at £2.48, about 11% below its 52-week high of £2.80 and 61% above the low of £1.54 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of £2.34 is for.
Which stocks are comparable to Focusrite Plc?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, Amer Sports, Inc, Hasbro, Inc, Life Time Group, 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 Focusrite Plc stock attractive at the current price?
The data as of Nov 8, 2026: price £2.48, calculated fair value £2.34 (−6%), Quality Score 65/100, from 14 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 TUNE calculated?
We run Focusrite Plc through 14 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of £2.34 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. Focusrite Plc 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 Focusrite Plc (TUNE)?
The closing price on Nov 9, 2026 was £2.48. Our model-based fair value is £2.34, about 6% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Focusrite Plc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Focusrite Plc (TUNE) come from?
Earnings per share at Focusrite Plc grew −6.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +13.1 %, EBIT margin −11.6 %, tax rate −0.2 %, residual (interest, one-offs) −6.1 %. 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 Focusrite Plc
How large is the market capitalisation of Focusrite Plc (TUNE)?
The market capitalisation of Focusrite Plc is £147M. 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 Focusrite Plc (TUNE)?
The price-to-sales ratio of Focusrite Plc is 0.82 (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 Focusrite Plc (TUNE)?
Earnings per share at Focusrite Plc are £0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Focusrite Plc (TUNE)?
The dividend yield of Focusrite Plc is 2.7% (payout 74.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Focusrite Plc (TUNE)?
The net margin of Focusrite Plc is −0.9% (fiscal year 2026). 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 Focusrite Plc (TUNE)?
The return on equity (ROE) of Focusrite Plc is 4.6% (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 Focusrite Plc (TUNE)?
On an EBIT basis the return on assets of Focusrite Plc is 8.0% (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 Focusrite Plc (TUNE)?
The operating margin of Focusrite Plc is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Focusrite Plc (TUNE)?
Revenue at Focusrite Plc is growing +7.8% versus a year earlier (3y avg −2.8%). 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 Focusrite Plc (TUNE)?
Earnings per share at Focusrite Plc are growing +24.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Focusrite Plc (TUNE) carry?
The net debt of Focusrite Plc is £16.3M (fiscal year 2026, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026