Analog Devices Inc. (0HFN) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Analog Devices Inc. $243, price $416, upside -41.6%, quality 80 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $130.05 – $442.65 · fair‑value band $174.12 – $312.14 · the $416.01 price screens above the $243.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Analog Devices, Inc. engages in the design, manufacture, testing, and marketing of integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia.
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Analog Devices, Inc. engages in the design, manufacture, testing, and marketing of integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. It provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs. The company also offers amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure; and micro-electro-mechanical systems technology solutions, including accelerometers used to sense acceleration, gyroscopes for sense rotation, inertial measurement units to sense multiple degrees of freedom, and broadband switches for radio and instrument systems, as well as isolators. In addition, it provides digital signal processing and system products for numeric calculations. The company serves clients in the industrial, automotive, consumer, instrumentation, aerospace, defense and healthcare, and communications markets through a direct sales force, third-party distributors, and independent sales representatives, as well as online. The company was incorporated in 1965 and is headquartered in Wilmington, Massachusetts.
Stock analysis
Analog Devices Inc. (0HFN) currently trades at $416.01, while our model-based Fair Value estimate is $243.12, 41.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $162.12 per share, and 0 of the 24 models we run sit above the $416.01 price.
Bear case: the Earnings-Based group reads lowest at $53.47, and 24 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $174.12 (bear) to $312.14 (bull), the price of $416.01 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 80/100 (high quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Analog Devices Inc. reported revenue of $11.0B in FY2025 versus $7.3B in FY2021, a compound +10.8%/yr. Reported net income was $2.3B in FY2025, compounding +13.0%/yr from FY2021.
Key figures
Market cap $207B · P/E ratio 1.1 · P/S ratio 0.23 · EPS (TTM) $3.42 · Dividend yield 1.0% · Net margin 20.6% · Return on equity 9.6% · Return on assets (EBIT) 5.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 87% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −64% fair-value upside, at −42%, 0HFN screens cheaper than that median.
Fair Value models
Bear $174.12Fair Value $243.12Bull $312.14
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+16.9%
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.
+14.5%
Start year 2020 (pandemic). Over 10 years: +12.4% a year
Revenue growth 40 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.
+9.2%
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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.
+6.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.7%
Dividend (yield on the price)1.0%
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.5.7% vs 7.6%, steady
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.28% → 27%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+35.3%
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.
+17.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +32.1% a year for the price and +14.5% 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.Electronic Components · 634 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside−41.5% · Below median
Profitability
Return on equity (TTM)9.6% · Above median
Return on assets5.5% · Top 25%
Net margin (TTM)26.0% · Top 25%
Operating margin (TTM)38.1% · Top 25%
Growth and dividend
Revenue growth37.2% · Top 25%
Dividend yield (TTM)1.0% · Below median
Balance sheet
Debt / equity0.19× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)1.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 59
PAST (return on equity)39· sector 27
HEALTH (low debt)91· sector 95
DIVIDEND (yield)20· sector 25
VALUE 0: the price sits above our fair-value range.
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). "Analog Devices Inc. Fair Value". https://www.fairvalue-calculator.com/stock/0HFN
Frequently asked questions
Is Analog Devices Inc. (0HFN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $243.12 versus a price of $416.01, about −42% upside (overvalued).
What is the fair value of 0HFN?
Our model-based fair value for Analog Devices Inc. is $243.12 (as of Sep 24, 2026), built from audited fundamentals. The current price: $416.01.
What is the quality score of 0HFN?
Analog Devices Inc. has a Quality Score of 80/100. 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 Analog Devices Inc. (0HFN)?
Our model-based price target is the fair value of $243.12 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $174.12, optimistic scenario $312.14. It is a calculation from audited fundamentals, not an analyst target.
What is the Analog Devices Inc. stock forecast for 2026?
Our models put fair value at $243.12, about −42% upside versus a price of $416.01 (overvalued). Cautious scenario $174.12, optimistic scenario $312.14. The calculation is refreshed regularly with new filings.
What is the revenue of Analog Devices Inc. (0HFN)?
Analog Devices Inc. reported trailing-twelve-month revenue of about $12.7B (latest available figure, as of Sep 24, 2026).
Does Analog Devices Inc. pay a dividend?
Analog Devices Inc. currently shows a dividend yield of about 1.00% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Analog Devices Inc. (0HFN)?
For today's price to be fair in a discounted-cash-flow model, Analog Devices Inc. would have to grow free cash flow by +35.3 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0HFN use?
Our models discount Analog Devices Inc. at 10.8 %: a base by market capitalisation (unknown), damped by beta 1.19, 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 Analog Devices Inc. that is +35.3 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Analog Devices Inc. (0HFN) delivered so far?
Over the past 5 years revenue at Analog Devices Inc. grew +14.5 % a year. The price currently implies +35.3 % per year free-cash-flow growth a 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 Analog Devices Inc. (0HFN) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into Analog Devices Inc. (+35.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Analog Devices Inc. (0HFN)?
The free-cash-flow yield on the price is 1.56 %: that much free cash flow Analog Devices Inc. produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Analog Devices Inc. (0HFN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Analog Devices Inc. it is $243.12 per share (as of Sep 24, 2026), against a price of $416.01. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Analog Devices Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0HFN trades above its calculated fair value: price $416.01, fair value $243.12, a gap of about −42% (overvalued). 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 0HFN?
No. The price is what the market pays today ($416.01); the fair value is what the company's own numbers justify ($243.12). For Analog Devices Inc. the two are $172.89 per share apart. That gap is exactly why we show both numbers side by side.
How much is Analog Devices Inc. worth?
The market values Analog Devices Inc. at about $207B (market capitalisation, as of Sep 24, 2026). Per share that is $416.01; our models calculate a fair value of $243.12 per share.
What do the bullish and bearish scenarios say about 0HFN?
Our models span a range for Analog Devices Inc.: cautious scenario $174.12, base $243.12, optimistic $312.14 per share (as of Sep 24, 2026, price $416.01). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0HFN?
Analog Devices Inc. trades at a price-to-earnings ratio of 1.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $243.12 is built from several models across several years.
How solid is the balance sheet of Analog Devices Inc. (0HFN)?
Balance-sheet figures for Analog Devices Inc. (as of Sep 24, 2026): return on equity 9.6%, debt of 0.19 per unit of equity. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 0HFN from its 52-week high?
Analog Devices Inc. trades at $416.01, about 6% below its 52-week high of $442.65 and 87% above the low of $222.78 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $243.12 is for.
Which stocks are comparable to Analog Devices Inc.?
From the same area (Industrials) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Analog Devices Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price $416.01, calculated fair value $243.12 (−42%), Quality Score 80/100, 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 0HFN calculated?
We run Analog Devices Inc. through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $243.12, 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 14.5 % above its aggregate fair value. Analog Devices Inc. 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 Analog Devices Inc. (0HFN)?
The closing price on Oct 2, 2026 was $416.01. Our model-based fair value is $243.12, about −42% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Analog Devices Inc. right now?
A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case ($312.14). The favourable scenario is already priced in.
Where does the earnings growth of Analog Devices Inc. (0HFN) come from?
Earnings per share at Analog Devices Inc. grew +8.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.7 %, EBIT margin −0.2 %, tax rate +0.2 %, residual (interest, one-offs) −0.2 %. 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 Analog Devices Inc.
How large is the market capitalisation of Analog Devices Inc. (0HFN)?
The market capitalisation of Analog Devices Inc. is $207B. 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 Analog Devices Inc. (0HFN)?
The price-to-sales ratio of Analog Devices Inc. is 0.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Analog Devices Inc. (0HFN)?
Earnings per share at Analog Devices Inc. are $3.42 (price ÷ EPS = P/E 1.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Analog Devices Inc. (0HFN)?
The dividend yield of Analog Devices Inc. is 1.0% (payout 122%). 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 Analog Devices Inc. (0HFN)?
The net margin of Analog Devices Inc. is 20.6% (fiscal year 2025). 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 Analog Devices Inc. (0HFN)?
The return on equity (ROE) of Analog Devices Inc. is 9.6% (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 Analog Devices Inc. (0HFN)?
On an EBIT basis the return on assets of Analog Devices Inc. is 5.6% (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 Analog Devices Inc. (0HFN)?
The operating margin of Analog Devices Inc. is 38.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Analog Devices Inc. (0HFN)?
Revenue at Analog Devices Inc. is growing +37.2% 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 Analog Devices Inc. (0HFN)?
Earnings per share at Analog Devices Inc. are growing +111% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Analog Devices Inc. (0HFN) carry?
The net debt of Analog Devices Inc. is $6.1B (fiscal year 2025, ≈ 1.4 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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