Anterix Inc (ATEX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Anterix Inc stock $27.58, price $74.36, that is 62.9% below the price, quality 67 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 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 6, 2026.
How to read this chart
60‑month range $17.99 – $108.21 · fair‑value band $20.16 – $42.10 · the $74.36 price screens above the $27.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Anterix Inc. focuses on the commercialization of spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and solutions.
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The company offers CatalyX, an active ecosystem platform; complementary spectrum; anterix security collective; and rural broadband services. It also holds licensed spectrum in the 900 MHz band throughout the contiguous United States, as well as Hawaii, Alaska, and Puerto Rico.
The company was formerly known as pdvWireless, Inc. and changed its name to Anterix Inc. in August 2019. Anterix Inc. was incorporated in 1997 and is headquartered in Woodland Park, New Jersey.
Stock analysis
Anterix Inc (ATEX) currently trades at $74.36, while our model-based Fair Value estimate is $27.58, 63% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $122.11 per share, and 8 of the 15 models we run sit above the $74.36 price.
Bear case: the Multiples group reads lowest at $5.79, and 7 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: $20.16 (bear) to $42.10 (bull), the price of $74.36 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 67/100 (solid quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Anterix Inc reported revenue of $6.5M in FY2026 versus $1.1M in FY2022, a compound +56.5%/yr. Reported net income was $90.6M in FY2026.
Key figures
Market cap $1.5B Small · P/E ratio 20.0 · EPS (TTM) $3.72 · Return on equity 27.9% · Return on assets (EBIT) −6.9% (5-year average) · Operating margin −557% · Revenue (TTM) $7.0M · Revenue growth (YoY) +38.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 90 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 313% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at −63%, ATEX screens richer than that median.
Fair Value models
Bear$20.16Fair Value $27.58Bull$42.10
Price $74.36 · Downside -62.9%
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 7 months old). Earnings retained since then ($2.27 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.
In the last 6 months, 10 officers or directors sold shares worth $26.9M and none bought.
SaleElena MarquezChief Financial Officer2× since Jun 17, 2026: 9,272 shares, avg. $80.00$741,741Oct 9, 2026
SaleScott A. LangPresident and CEO, Director3× since Jun 18, 2026: 50,227 shares, avg. $87.13$4.4MSep 21, 2026
SaleLeslie B DanielsDirector2× since Sep 3, 2026: 12,600 shares, avg. $86.47$1.1MSep 10, 2026
SaleHeather MartinChief Marketing Officer8,064 shares at $84.20$678,989Sep 10, 2026
SaleGena L AsheChief Legal Officer & Corp Sec3× since Nov 18, 2025: 28,632 shares, avg. $68.13$2.0MSep 8, 2026
SaleChristopher Guttman-McCabeChief Reg & Comm Officer2× since Jun 15, 2026: 146,291 shares, avg. $83.45$12.2MAug 25, 2026
SaleThomas R. KuhnDirector11,654 shares at $87.53$1.0MAug 24, 2026
SaleWilliam HeardDirector46,400 shares at $90.11$4.2MAug 14, 2026
SaleMahvash YazdiDirector7,000 shares at $80.00$560,000Jun 16, 2026
SaleMark FleischhauerDirector3,500 shares at $79.83$279,405Jun 15, 2026
Plus 1 more entries from the last 12 months.
Plus 28 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.8%
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.
+50.2%
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.
+47.8%
Start year 2021 (pandemic). Over 10 years: +6.3% 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.
+6.8%
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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.
−5,951.0% (2021) → −640.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+65.6%
Yearly growth needed for the next five years to justify today's price.
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 +61.8% a year for the price.
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.Telecom Services · 234 stocks
Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−62.9% · Bottom 25%
Profitability
Return on equity (12 months)27.9% · Top 25%
Return on assets19.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)38.1% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/E (12 months)20.0× · Pricier than median
P/B5.56× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Anterix Inc Fair Value". https://www.fairvalue-calculator.com/stock/ATEX
Frequently asked questions
Is Anterix Inc (ATEX) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $27.58 versus a price of $74.36, about 63% lower (overvalued).
What is the fair value of ATEX?
Our model-based fair value for Anterix Inc is $27.58 (as of Nov 6, 2026), built from audited fundamentals. The current price: $74.36.
What is the quality score of ATEX?
Anterix Inc has a Quality Score of 67/100. 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 Anterix Inc (ATEX)?
Our model-based price target is the fair value of $27.58 (as of Nov 6, 2026) from 15 valuation models. Cautious scenario $20.16, optimistic scenario $42.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Anterix Inc stock forecast for 2026?
Our models put fair value at $27.58, about 63% lower versus a price of $74.36 (overvalued). Cautious scenario $20.16, optimistic scenario $42.10. The calculation is refreshed regularly with new filings.
What is the revenue of Anterix Inc (ATEX)?
Anterix Inc reported trailing-twelve-month revenue of about $7.0M (latest available figure, as of Nov 6, 2026).
What growth is priced into Anterix Inc (ATEX)?
For today's price to be fair in a discounted-cash-flow model, Anterix Inc would have to grow free cash flow by +65.6 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +47.8 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of ATEX use?
Our models discount Anterix Inc at 10.9 %: a base by market capitalisation (small), damped by beta 0.89, 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 Anterix Inc that is +65.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Anterix Inc (ATEX) delivered so far?
Over the past 5 years revenue at Anterix Inc grew +47.8 % a year. The price currently implies free-cash-flow growth of +65.6 % 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 Anterix Inc (ATEX) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Anterix Inc (+65.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Anterix Inc (ATEX)?
The free-cash-flow yield on the price is 0.38 %: that much free cash flow Anterix Inc produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Anterix Inc (ATEX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Anterix Inc it is $27.58 per share (as of Nov 6, 2026), against a price of $74.36. It is the blended result of 15 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Anterix Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ATEX trades above its calculated fair value: price $74.36, fair value $27.58, a gap of about −63% (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 ATEX?
No. The price is what the market pays today ($74.36); the fair value is what the company's own numbers justify ($27.58). For Anterix Inc the two are $46.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Anterix Inc worth?
The market values Anterix Inc at about $1.5B (market capitalisation, as of Nov 6, 2026). Per share that is $74.36; our models calculate a fair value of $27.58 per share.
What do the bullish and bearish scenarios say about ATEX?
Our models span a range for Anterix Inc: cautious scenario $20.16, base $27.58, optimistic $42.10 per share (as of Nov 6, 2026, price $74.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ATEX?
Anterix Inc trades at a price-to-earnings ratio of 20.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $27.58 is built from several models across several years. Other multiples: P/B 5.6.
How solid is the balance sheet of Anterix Inc (ATEX)?
Balance-sheet figures for Anterix Inc (as of Nov 6, 2026): return on equity 27.9%, debt of 0.00 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is ATEX from its 52-week high?
Anterix Inc trades at $74.36, about 31% below its 52-week high of $108.21 and 313% above the low of $17.99 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $27.58 is for.
Which stocks are comparable to Anterix Inc?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 Anterix Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $74.36, calculated fair value $27.58 (−63%), Quality Score 67/100, from 15 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 ATEX calculated?
We run Anterix Inc through 15 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $27.58 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. Anterix 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 Anterix Inc (ATEX)?
The closing price on Nov 6, 2026 was $74.36. Our model-based fair value is $27.58, about 63% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Anterix Inc right now?
The price sits above even our optimistic bull case ($42.10). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($20.16 to $42.10) leaves room in how you read the outcome.
Key figures of Anterix Inc
How large is the market capitalisation of Anterix Inc (ATEX)?
The market capitalisation of Anterix Inc is $1.5B. 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 are the earnings per share of Anterix Inc (ATEX)?
Earnings per share at Anterix Inc are $3.72 (price ÷ EPS = P/E 20.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Anterix Inc (ATEX)?
The return on equity (ROE) of Anterix Inc is 27.9% (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 Anterix Inc (ATEX)?
On an EBIT basis the return on assets of Anterix Inc is −6.9% (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 Anterix Inc (ATEX)?
The operating margin of Anterix Inc is −557% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Anterix Inc (ATEX)?
Revenue at Anterix Inc is growing +38.1% versus a year earlier (3y avg +50.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Anterix Inc (ATEX) hold?
Anterix Inc holds more cash than debt, $94.1M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026