Ultralife Corporation (ULBI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ultralife Corporation stock $6.55, price $15.66, that is 58.2% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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Ultralife Corporation
ULBI · USOur calculation puts a fair price 58% below what the stock costs today.
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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 $3.70 – $15.66 · fair‑value band $3.75 – $9.34 · the $15.66 price screens above the $6.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Company profile
Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems.
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The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.
The Communications Systems segment provides communications systems and accessories to support military communications systems, such as radio frequency amplifiers, power supplies and cables, connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, and integrated communication systems for fixed or vehicle applications comprising vehicle amplifier-adaptors, vehicle installed power enhanced rifleman appliqué systems, and SATCOM systems.
This segment's military communications systems and accessories are designed to enhance and extend the operation of communications equipment, such as vehicle-mounted, manpack, and handheld transceivers.
The company sells its products under the Ultralife, Ultralife HiRate, Ultralife Thin Cell, Lithium Power, McDowell Research, AMTI, ABLE, ACCUTRONICS, ACCUPRO, ENTELLION, SWE Southwest Electronic Energy Group, SWE SEASAFE, Excell Battery Group, Criterion Gauge, and POW-R BMS brands through original equipment manufacturers, and industrial and defense supply distributors.
In addition, it sells its 9-volt battery to the broader consumer market through national and regional retail chains and online retailers. It serves government, defense, and commercial sectors. The company was incorporated in 1990 and is headquartered in Newark, New York.
Stock analysis
Ultralife Corporation (ULBI) currently trades at $15.66, while our model-based Fair Value estimate is $6.55, 58% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $6.99 per share, and 0 of the 13 models we run sit above the $15.66 price.
Bear case: the Asset-Based group reads lowest at $1.13, and 13 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.75 (bear) to $9.34 (bull), the price of $15.66 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 49/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ultralife Corporation reported revenue of $191M in FY2025 versus $98.3M in FY2021, a compound +18.1%/yr. Reported net income was −$5.9M in FY2025.
Key figures
Market cap $262M Micro · P/S ratio 1.36 · EPS (TTM) $−0.1700 · Net margin −1.5% · Return on equity −2.2% · Return on assets (EBIT) 2.8% (5-year average) · Operating margin 6.6% · Revenue (TTM) $192M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 210% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −58%, ULBI screens richer than that median.
Fair Value models
All 13 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors bought shares worth $727,868, most recently on May 26, 2026. Buying cluster
- BuyBradford T WhitmoreDirector, 10% owner4× since Nov 19, 2025: 403,290 shares, avg. $6.15$2.5MMay 26, 2026
- BuyMichael Edward MannaPresident and CEO, Director3× since Nov 19, 2025: 6,000 shares, avg. $5.82$34,894May 18, 2026
- BuyJanie GoddardDirector1,739 shares at $5.75$9,999Dec 15, 2025
- BuyW. Shaw RobertDirector1,750 shares at $5.67$9,923Nov 24, 2025
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 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
Compare Ultralife Corporation with another stock
Price, fair value, quality and upside side by side.
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.Electrical Equipment & Parts · 564 stocks
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Debt-to-equity by industry
- Price/FCF by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Contemporary Amperex Technology Co 300750 | ¥254.22 | ¥648.35 | +155% | vs ULBI |
| Sungrow Power Supply Co 300274 | ¥81.97 | ¥182.32 | +122% | vs ULBI |
| NARI Technology Co 600406 | ¥23.86 | ¥29.39 | +23% | vs ULBI |
| Vertiv Holdings VRT | $182.86 | $178.64 | −2% | vs ULBI |
| Prysmian S.p.A PRY | €101.00 | €64.29 | −36% | vs ULBI |
| Legrand SA LR | €129.65 | €82.49 | −36% | vs ULBI |
| ABB Ltd ABBN | CHF 66.98 | CHF 29.62 | −56% | vs ULBI |
| Samsung SDI Co 006400 | 468,000 KRW | 153,766 KRW | −67% | vs ULBI |
| Delta Electronics (Thailand) Public Company DELTA | 177.00 THB | 39.14 THB | −78% | vs ULBI |
| LG Energy Solution, Ltd 373220 | 337,500 KRW | 53,325 KRW | −84% | vs ULBI |
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