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Altigen Communications Inc (ATGN) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Altigen Communications Inc $0.34, price $0.44, upside -22.4%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Communication Services · US · ISIN US0214891097

AC Altigen Communications Inc logo Thin data Sep 23, 2026

Altigen Communications Inc

ATGN · US

Weak valuationQuality is weak on top of the rich price.

!Fair value $0.3400 · Overvalued (−22%)
!Quality 46/100
!Mixed Growth (revenue 5y +6.5 %/yr)
✓Solidly profitable · 18.1% net margin (TTM)
!negative free cash flow
!Trails peers (3/11)
!Narrow moat 30/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 3 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$2.55 $0.3700 Fair Value $0.3400 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range $0.3700 – $2.55 · fair‑value band $0.2800 – $0.4000 · the $0.4380 price screens above the $0.3400 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Altigen Communications, Inc. designs, develops, markets, and supports integrated communications solutions worldwide.

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Altigen Communications, Inc. designs, develops, markets, and supports integrated communications solutions worldwide. The company offers MaxCS PBX, a suite of software applications to provide analog and VoIP telephone, operator software, and desktop call control software on each extension of the system; MaxCloud UC, a unified communications system for instant messaging, desktop sharing, and video conferencing; MaxMobile, a user interface solution for smart phone devices to separate desktop phone calls; and MaxCommunicator, a windows-based desktop application that provides call control and visual voice mail management to the desktop. It also offers MaxAgent, a windows-based desktop application to bring call control and workgroup information to call center agents; MaxSupervisor, a windows-based desktop application for call center supervisors to allow call center or workgroup supervisor to effectively manage a workgroup call, as well as operates FrontStage Cloud Contact Center, a voice, SMS, web chat, and email application product to support its certified partners. In addition, the company provides cloud communications and other financial services solutions. Altigen Communications, Inc. offers technology consulting solutions. The company serves financial services, healthcare, retail, and business services industries through a channel of distributors and resellers. Altigen Communications, Inc. was incorporated in 1994 and is based in Newark, California.

Stock analysis

Altigen Communications Inc (ATGN) currently trades at $0.4380, while our model-based Fair Value estimate is $0.3400, implying the stock looks roughly 28.8% overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 88/100, which puts the evidence level at low.

Scenario range: $0.2800 (bear) to $0.4000 (bull), the price of $0.4380 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 46/100 (below-average quality), in the Communication Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Altigen Communications Inc reported revenue of $13.7M in FY2023 versus $10.6M in FY2019, a compound +6.5%/yr. Reported net income was −$3.3M in FY2023.

Key figures

Market cap $12.2M · P/S ratio 0.86 · EPS (TTM) $−0.1400 · Net margin −24.3% · Return on equity −1.0% · Return on assets (EBIT) 4.4% · Operating margin 2.8% · Revenue (TTM) $14.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 33% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at −22%, ATGN screens richer than that median.

Fair Value models

Bear $0.2800 Fair Value $0.3400 Bull $0.4000
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. 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.
Highest evidence
EV/EBITDA $0.2800 $0.3400 $0.4000 64
NCAV (Graham) $0.2200 $0.2900 $0.4400 51
All 2 models by family
Multiples
EV/EBITDA $0.2800 $0.3400 $0.4000 64
Asset-Based
NCAV (Graham) $0.2200 $0.2900 $0.4400 51

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Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 23

Profitability 35
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 54
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+15.1%
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.
+6.5%
Revenue growth 23 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.
+0.4%
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.
5.5% (2017) → −3.2% (2023)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2023 is a loss year, no rate is defined from a loss
not computed

ATGN screens 29% overvalued. Compare with China Mobile Limited →

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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 · 250 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Below median
Fair Value upside −22% · Below median
Profitability
Return on assets −9% · Bottom 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 3% · Bottom 25%
Growth and dividend
Revenue growth −6% · Bottom 25%

Valuation Multiplesvs Telecom Services median · lower = cheaper

P/B 1.07× · Cheaper than median
P/S (TTM) 0.86× · Cheaper than median
EV/EBITDA 10.8× · Pricier than median
PEG 1.41× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)3 · sector 39
FUTURE (revenue growth)0 · sector 16
PAST (return on equity)0 · sector 29
HEALTH (low debt)0 · sector 83
DIVIDEND (yield)0 · sector 76

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
China Mobile Limited 80941 HK$67.45 HK$114.85 +70%
T-Mobile US, Inc TMUS $165.66 $270.48 +63%
Verizon Communications Inc VZ $46.52 $69.92 +50%
AT&T Inc T $25.10 $50.40 +101%
Bharti Airtel Limited BHARTIARTL ₹1,833 ₹1,883 +3%
China Telecom Corporation 601728 ¥6.10 ¥8.36 +37%
América Móvil, S.A. AMX $22.08 $32.49 +47%
Saudi Telecom Company 7010 43.66 SAR 41.80 SAR −4%
Singapore Telecommunications Limited Z74 4.32 SGD 2.15 SGD −50%
Swisscom AG SCMN CHF 656.50 CHF 505.18 −23%

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Cite: Fair Value Calculator (2026). "Altigen Communications Inc Fair Value". https://www.fairvalue-calculator.com/stock/ATGN

Frequently asked questions

Is Altigen Communications Inc (ATGN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $0.3400 versus a price of $0.4380, about −22% upside (overvalued).
What is the fair value of ATGN?
Our model-based fair value for Altigen Communications Inc is $0.3400 (as of Sep 23, 2026), built from audited fundamentals. The current price: $0.4380.
What is the quality score of ATGN?
Altigen Communications Inc has a Quality Score of 46/100. 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 Altigen Communications Inc (ATGN)?
Our model-based price target is the fair value of $0.3400 (as of Sep 23, 2026) from 2 valuation models. Cautious scenario $0.2800, optimistic scenario $0.4000. It is a calculation from audited fundamentals, not an analyst target.
What is the Altigen Communications Inc stock forecast for 2026?
Our models put fair value at $0.3400, about −22% upside versus a price of $0.4380 (overvalued). Cautious scenario $0.2800, optimistic scenario $0.4000. The calculation is refreshed regularly with new filings.
What is the revenue of Altigen Communications Inc (ATGN)?
Altigen Communications Inc reported trailing-twelve-month revenue of about $14.1M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Altigen Communications Inc (ATGN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Altigen Communications Inc it is $0.3400 per share (as of Sep 23, 2026), against a price of $0.4380. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Altigen Communications Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ATGN trades above its calculated fair value: price $0.4380, fair value $0.3400, a gap of about −22% (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 ATGN?
No. The price is what the market pays today ($0.4380); the fair value is what the company's own numbers justify ($0.3400). For Altigen Communications Inc the two are $0.0980 per share apart. That gap is exactly why we show both numbers side by side.
How much is Altigen Communications Inc worth?
The market values Altigen Communications Inc at about $12.2M (market capitalisation, as of Sep 23, 2026). Per share that is $0.4380; our models calculate a fair value of $0.3400 per share.
What do the bullish and bearish scenarios say about ATGN?
Our models span a range for Altigen Communications Inc: cautious scenario $0.2800, base $0.3400, optimistic $0.4000 per share (as of Sep 23, 2026, price $0.4380). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of ATGN?
The PEG ratio of Altigen Communications Inc is 1.41 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Altigen Communications Inc (ATGN)?
Balance-sheet figures for Altigen Communications Inc (as of Sep 23, 2026): return on equity −1.0%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is ATGN from its 52-week high?
Altigen Communications Inc trades at $0.4380, about 33% below its 52-week high of $0.6500 and 10% above the low of $0.4000 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.3400 is for.
Which stocks are comparable to Altigen Communications Inc?
From the same area (Communication Services) we also value China Mobile Limited, T-Mobile US, Inc, Verizon Communications 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 Altigen Communications Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $0.4380, calculated fair value $0.3400 (−22%), Quality Score 46/100, from 2 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 ATGN calculated?
We run Altigen Communications Inc through 2 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 $0.3400, 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 13.0 % above its aggregate fair value. Altigen Communications 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 Altigen Communications Inc (ATGN)?
The closing price on Sep 23, 2026 was $0.4380. Our model-based fair value is $0.3400, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Altigen Communications Inc right now?
The price sits above even our optimistic bull case ($0.4000). The favourable scenario is already priced in. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Altigen Communications Inc

How large is the market capitalisation of Altigen Communications Inc (ATGN)?
The market capitalisation of Altigen Communications Inc is $12.2M. 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 Altigen Communications Inc (ATGN)?
The price-to-sales ratio of Altigen Communications Inc is 0.86 (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 Altigen Communications Inc (ATGN)?
Earnings per share at Altigen Communications Inc are $−0.1400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Altigen Communications Inc (ATGN)?
The net margin of Altigen Communications Inc is −24.3% (fiscal year 2023). 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 Altigen Communications Inc (ATGN)?
The return on equity (ROE) of Altigen Communications Inc is −1.0% (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 Altigen Communications Inc (ATGN)?
On an EBIT basis the return on assets of Altigen Communications Inc is 4.4% (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 Altigen Communications Inc (ATGN)?
The operating margin of Altigen Communications Inc is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Altigen Communications Inc (ATGN)?
Revenue at Altigen Communications Inc is growing −6.1% 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 Altigen Communications Inc (ATGN)?
Earnings per share at Altigen Communications Inc are growing +11.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Altigen Communications Inc (ATGN) generate?
The free cash flow of Altigen Communications Inc is −$409K (fiscal year 2023). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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