Airgain Inc (AIRG) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Airgain Inc $0.69, price $4.61, upside -85.0%, quality 41 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 28, 2026.
How to read this chart
60‑month range $1.68 – $20.40 · fair‑value band $0.4500 – $0.8600 · the $4.61 price screens above the $0.6900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
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Airgain, Inc. provides wireless connectivity solutions that offer embedded components, external antennas, and integrated systems in North America, China, and internationally.
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Airgain, Inc. provides wireless connectivity solutions that offer embedded components, external antennas, and integrated systems in North America, China, and internationally. The company offers enterprise products, including smart network controlled cellular repeaters, embedded cellular modems, asset tracking solutions, and antennas for access points and Internet of Things (IoT) applications. It also provides automotive products, such as AirgainConnect Fleet system solution, a low-profile, roof-mounted, all-in-one 5G vehicle gateway that offers 4G/5G cellular connectivity with built-in multi-profile eSIM, GNSS, Wi-Fi, and gigabit ethernet router functionalities; AirgainConnect Cloud, a device management and analytics platform; and aftermarket antennas. In addition, the company offers consumer products comprising embedded antennas for consumer access points, wireless gateways, and fixed wireless access devices; and AirgainConnect Go-Kit Pro, a wireless solution. It serves public safety and first responders, transportation and logistics, energy and utilities, industrial and manufacturing, enterprise, hospitality and retail, venues, field services, and smart cities. The company was formerly known as AM Group and changed its name to Airgain, Inc. in 2004. Airgain, Inc. was incorporated in 1995 and is headquartered in San Diego, California.
Stock analysis
Airgain Inc (AIRG) currently trades at $4.61, while our model-based Fair Value estimate is $0.6900, 85.0% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: $0.4500 (bear) to $0.8600 (bull), the price of $4.61 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 41/100 (below-average quality), in the Technology sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Airgain Inc reported revenue of $51.8M in FY2025 versus $64.3M in FY2021, a compound −5.3%/yr. Reported net income was −$6.4M in FY2025.
Key figures
Market cap $87.7M · P/S ratio 1.71 · EPS (TTM) $−0.5600 · Net margin −12.4% · Return on equity −23.2% · Return on assets (EBIT) −19.4% · Operating margin −16.9% · Revenue (TTM) $51.3M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 38% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −85%, AIRG screens richer than that median.
Fair Value models
Bear $0.4500Fair Value $0.6900Bull $0.8600
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.8/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−14.6%
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.
−12.0%
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.
+1.3%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 13 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.
+8.4%
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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.
−6.6% (2020) → −16.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Communication Equipment · 295 stocks
Beats the industry median on 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−83.8% · Bottom 25%
Profitability
Return on assets−10.0% · Bottom 25%
Net margin (TTM)−13.2% · Bottom 25%
Operating margin (TTM)−16.9% · Bottom 25%
Growth and dividend
Revenue growth−4.2% · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/B3.10× · Pricier than median
P/S (TTM)1.71× · Pricier than median
PEG1.05× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 42
PAST (return on equity)0· sector 18
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 24
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). "Airgain Inc Fair Value". https://www.fairvalue-calculator.com/stock/AIRG
Frequently asked questions
Is Airgain Inc (AIRG) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of $0.6900 versus a price of $4.61, about −85% upside (overvalued).
What is the fair value of AIRG?
Our model-based fair value for Airgain Inc is $0.6900 (as of Sep 28, 2026), built from audited fundamentals. The current price: $4.61.
What is the quality score of AIRG?
Airgain Inc has a Quality Score of 41/100. 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 Airgain Inc (AIRG)?
Our model-based price target is the fair value of $0.6900 (as of Sep 28, 2026) from 1 valuation models. Cautious scenario $0.4500, optimistic scenario $0.8600. It is a calculation from audited fundamentals, not an analyst target.
What is the Airgain Inc stock forecast for 2026?
Our models put fair value at $0.6900, about −85% upside versus a price of $4.61 (overvalued). Cautious scenario $0.4500, optimistic scenario $0.8600. The calculation is refreshed regularly with new filings.
What is the revenue of Airgain Inc (AIRG)?
Airgain Inc reported trailing-twelve-month revenue of about $51.3M (latest available figure, as of Sep 28, 2026).
What is the intrinsic value of Airgain Inc (AIRG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Airgain Inc it is $0.6900 per share (as of Sep 28, 2026), against a price of $4.61. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Airgain Inc stock overvalued or undervalued in 2026?
As of Sep 28, 2026, AIRG trades above its calculated fair value: price $4.61, fair value $0.6900, a gap of about −85% (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 AIRG?
No. The price is what the market pays today ($4.61); the fair value is what the company's own numbers justify ($0.6900). For Airgain Inc the two are $3.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Airgain Inc worth?
The market values Airgain Inc at about $87.7M (market capitalisation, as of Sep 28, 2026). Per share that is $4.61; our models calculate a fair value of $0.6900 per share.
What do the bullish and bearish scenarios say about AIRG?
Our models span a range for Airgain Inc: cautious scenario $0.4500, base $0.6900, optimistic $0.8600 per share (as of Sep 28, 2026, price $4.61). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of AIRG?
The PEG ratio of Airgain Inc is 1.05 (P/E divided by earnings growth, as of Sep 28, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Airgain Inc (AIRG)?
Balance-sheet figures for Airgain Inc (as of Sep 28, 2026): return on equity −23.2%. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is AIRG from its 52-week high?
Airgain Inc trades at $4.61, about 38% below its 52-week high of $7.39 and 50% above the low of $3.07 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.6900 is for.
Which stocks are comparable to Airgain Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology Inc, 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 Airgain Inc stock attractive at the current price?
The data as of Sep 28, 2026: price $4.61, calculated fair value $0.6900 (−85%), Quality Score 41/100, from 1 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 AIRG calculated?
We run Airgain Inc through 1 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 $0.6900, 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. Airgain 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 Airgain Inc (AIRG)?
The closing price on Oct 2, 2026 was $4.61. Our model-based fair value is $0.6900, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Airgain Inc right now?
The price sits above even our optimistic bull case ($0.8600). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.4500 to $0.8600) leaves room in how you read the outcome.
Key figures of Airgain Inc
How large is the market capitalisation of Airgain Inc (AIRG)?
The market capitalisation of Airgain Inc is $87.7M. 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 Airgain Inc (AIRG)?
The price-to-sales ratio of Airgain 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 Airgain Inc (AIRG)?
Earnings per share at Airgain Inc are $−0.5600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Airgain Inc (AIRG)?
The net margin of Airgain Inc is −12.4% (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 Airgain Inc (AIRG)?
The return on equity (ROE) of Airgain Inc is −23.2% (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 Airgain Inc (AIRG)?
On an EBIT basis the return on assets of Airgain Inc is −19.4% (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 Airgain Inc (AIRG)?
The operating margin of Airgain Inc is −16.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Airgain Inc (AIRG)?
Revenue at Airgain Inc is growing −4.2% versus a year earlier (3y avg −12.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Airgain Inc (AIRG) generate?
The free cash flow of Airgain Inc is −$1.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Airgain Inc (AIRG) carry?
The net debt of Airgain Inc is $1.2M (fiscal year 2025). 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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Thin data
Sep 28, 2026