Zedge Inc (ZDGE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Zedge Inc stock $4.91, price $2.24, upside +119.2%, quality 79 out of 100. Rating: strongly undervalued. Calculated from audited financials with 11 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 $1.63 – $16.56 · fair‑value band $3.34 – $7.02 · the $2.24 price screens below the $4.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
Follow Zedge in your weekly email
Every Wednesday you see whether Zedge 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.
Zedge, Inc. builds digital marketplaces and competitive games around content that people use to express themselves.
Show moreShow less
The company offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds; and pAInt, a generative AI wallpaper maker.
It also provides GuruShots, a platform for skill-based photo challenge game that allows amateur photographers to compete in various contests showcasing their photos; and Emojipedia, a source for all things emoji. Zedge, Inc. was incorporated in 2008 and is headquartered in New York, New York.
Stock analysis
Zedge Inc (ZDGE) currently trades at $2.24, while our model-based Fair Value estimate is $4.91, implying the stock looks roughly 54% undervalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of $5.19 per share, and 9 of the 11 models we run sit above the $2.24 price.
Bear case: the Asset-Based group reads lowest at $0.8500, and 2 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.34 (bear) to $7.02 (bull), the price of $2.24 sits below 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 79/100 (high quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Zedge Inc reported revenue of $31.6M in FY2026 versus $26.5M in FY2022, a compound +4.5%/yr. Reported net income was −$172K in FY2026.
Key figures
Market cap $34.2M Micro · P/S ratio 1.27 · EPS (TTM) $−0.0100 · Dividend yield 2.3% · Net margin −0.4% · Return on equity −0.5% · Return on assets (EBIT) −6.5% (4-year average) · Operating margin 3.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 11% fair-value upside, at 119%, ZDGE screens cheaper than that median.
Fair Value models
Bear$3.34Fair Value $4.91Bull$7.02
Price $2.24 · Upside +119.2%
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.
In the last 6 months, 2 officers or directors bought shares worth $0, most recently on Sep 25, 2026. Buying cluster
BuyHoward S JonasDirector, 10% owner2,218,430 shares at ?Sep 25, 2026
BuyElliot GibberDirector221,843 shares at ?Sep 11, 2026
Plus 4 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.58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.6%
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.
+5.1%
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.
+10.1%
Start year 2021 (pandemic). Over 10 years: +11.0% 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.
+14.1%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
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.
39.9% (2021) → −2.0% (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.
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).
−19.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −20.8% a year for the price.
News mood ⓘNews mood, the average tone of recent news (89 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
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.Internet Content & Information · 122 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside+119.2% · Top 25%
Profitability
Return on assets−0.5% · Below median
Net margin (12 months)−0.4% · Below median
Operating margin (12 months)3.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)4.0% · Below median
Dividend yield (12 months)2.3% · Above median
Balance sheet
Debt / equity0.08× · Above median
Valuation Multiplesvs Internet Content & Information median · lower = cheaper
P/B1.32× · Cheaper than median
P/S (12 months)1.08× · Cheaper than median
Price / free cash flow (fiscal year)10.2× · Cheaper than median
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). "Zedge Inc Fair Value". https://www.fairvalue-calculator.com/stock/ZDGE
Frequently asked questions
Is Zedge Inc (ZDGE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $4.91 versus a price of $2.24, about +119% upside (undervalued).
What is the fair value of ZDGE?
Our model-based fair value for Zedge Inc is $4.91 (as of Nov 8, 2026), built from audited fundamentals. The current price: $2.24.
What is the quality score of ZDGE?
Zedge Inc has a Quality Score of 79/100. 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 Zedge Inc (ZDGE)?
Our model-based price target is the fair value of $4.91 (as of Nov 8, 2026) from 11 valuation models. Cautious scenario $3.34, optimistic scenario $7.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Zedge Inc stock forecast for 2026?
Our models put fair value at $4.91, about +119% upside versus a price of $2.24 (undervalued). Cautious scenario $3.34, optimistic scenario $7.02. The calculation is refreshed regularly with new filings.
What is the revenue of Zedge Inc (ZDGE)?
Zedge Inc reported trailing-twelve-month revenue of about $31.6M (latest available figure, as of Nov 8, 2026).
Does Zedge Inc pay a dividend?
Zedge Inc currently shows a dividend yield of 2.32% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Zedge Inc (ZDGE) and when is the ex-dividend date?
Zedge Inc pays a dividend of $0.052 per share a year, a dividend yield of 2.3%. The last ex-dividend date was Jun 22, 2026. Free cash flow covers the dividend 4.28 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Zedge Inc (ZDGE)?
For today's price to be fair in a discounted-cash-flow model, Zedge Inc would have to grow free cash flow by -19.0 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.1 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of ZDGE use?
Our models discount Zedge Inc at 10.2 %: a base by market capitalisation (nano), damped by beta 1.19, 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 Zedge Inc that is -19.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Zedge Inc (ZDGE) delivered so far?
Over the past 5 years revenue at Zedge Inc grew +10.1 % a year. The price currently implies free-cash-flow growth of -19.0 % 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 Zedge Inc (ZDGE) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Zedge Inc (-19.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zedge Inc (ZDGE)?
The free-cash-flow yield on the price is 11.23 %: that much free cash flow Zedge Inc produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zedge Inc (ZDGE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zedge Inc it is $4.91 per share (as of Nov 8, 2026), against a price of $2.24. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Zedge Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ZDGE trades below its calculated fair value: price $2.24, fair value $4.91, a gap of about +119% (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 ZDGE?
No. The price is what the market pays today ($2.24); the fair value is what the company's own numbers justify ($4.91). For Zedge Inc the two are $2.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zedge Inc worth?
The market values Zedge Inc at about $34.2M (market capitalisation, as of Nov 8, 2026). Per share that is $2.24; our models calculate a fair value of $4.91 per share.
What do the bullish and bearish scenarios say about ZDGE?
Our models span a range for Zedge Inc: cautious scenario $3.34, base $4.91, optimistic $7.02 per share (as of Nov 8, 2026, price $2.24). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Zedge Inc (ZDGE)?
Balance-sheet figures for Zedge Inc (as of Nov 8, 2026): return on equity −0.5%, debt of 0.08 per unit of equity. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
How far is ZDGE from its 52-week high?
Zedge Inc trades at $2.24, about 46% below its 52-week high of $4.13 and 1% above the low of $2.22 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $4.91 is for.
Which stocks are comparable to Zedge Inc?
From the same area (Communication Services) we also value Alphabet Inc, Meta Platforms, Inc, Tencent Holdings, Spotify Technology S.A, 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 Zedge Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $2.24, calculated fair value $4.91 (+119%), Quality Score 79/100, from 11 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 ZDGE calculated?
We run Zedge Inc through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of $4.91 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. Zedge Inc currently trades 54% 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 Zedge Inc (ZDGE)?
The closing price on Nov 6, 2026 was $2.24. Our model-based fair value is $4.91, about +119% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zedge Inc right now?
The rarer combination: high quality (79/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case ($3.34). The market is more pessimistic than our downside scenario. A fairly wide model range ($3.34 to $7.02) leaves room in how you read the outcome.
Key figures of Zedge Inc
How large is the market capitalisation of Zedge Inc (ZDGE)?
The market capitalisation of Zedge Inc is $34.2M. 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 Zedge Inc (ZDGE)?
The price-to-sales ratio of Zedge Inc is 1.27 (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 Zedge Inc (ZDGE)?
Earnings per share at Zedge Inc are $−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zedge Inc (ZDGE)?
The dividend yield of Zedge Inc is 2.3%. 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 Zedge Inc (ZDGE)?
The net margin of Zedge Inc is −0.4% (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 Zedge Inc (ZDGE)?
The return on equity (ROE) of Zedge Inc is −0.5% (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 Zedge Inc (ZDGE)?
On an EBIT basis the return on assets of Zedge Inc is −6.5% (avg 4y). 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 Zedge Inc (ZDGE)?
The operating margin of Zedge Inc is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zedge Inc (ZDGE)?
Revenue at Zedge Inc is growing +4.0% versus a year earlier (3y avg +5.1%). 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 Zedge Inc (ZDGE)?
Earnings per share at Zedge Inc are growing +600% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zedge Inc (ZDGE) hold?
Zedge Inc holds more cash than debt, $18.4M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Zedge Inc in the live analysis
One click puts Zedge Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 8, 2026