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Belden Inc (BDC) Fair Value & Analysis

Technology · US · Market cap $4.1B

BI Belden Inc logo Belden Inc BDC · US
Price$132.82
Fair Value$84.75
Upside-36.2%
Quality65/100
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Healthy Growth
Thin margins · 8.5% net margin
Moderate debt · generates free cash flow
0.20% dividend yield
Ranks above peers (10/15)
Moderate moat 55/100
Evidence: High Range $44.35 – $136.39 Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 15, 2026, revised from $84.12 to $84.75 (+0.7%) since Jul 14, 2026. Share price +25.5% over the past month.

A solid business, but screening 36% overvalued on our models.

What matters now

  • The model range is unusually wide ($44.35 to $136.39). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$150.78 $42.53 Fair Value $84.75 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range $42.53 – $150.78 · fair‑value band $44.35 – $136.39 · the $132.82 price screens above the $84.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Belden Inc (BDC) currently trades at $132.82, while our model-based Fair Value estimate is $84.75, implying the stock looks roughly 36.2% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Belden Inc generated revenue of $2.8B at a net margin of 8.5%. Revenue grew 11.4% year over year. It earns a return on equity of 18.9%. Net debt stands at $1.1B. Fundamentals as of Jul 15, 2026

Our scenario range runs from $44.35 (bear case) to $136.39 (bull case); at $132.82, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -36%, BDC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $37.22 $62.64 $96.88 80
Residual Income $39.12 $54.72 $243.77 76
Rev-Margin DCF $45.10 $86.11 $131.88 74
All 26 models by family
DCF Models
FCF DCF $36.12 $64.50 $104.93 38
Owner Earnings $39.39 $69.34 $112.01 31
5Y Revenue Exit $45.10 $86.04 $137.71 39
5Y EBITDA Exit $63.19 $119.22 $183.64 41
5Y P/E Exit $49.81 $94.69 $140.81 38
10Y Revenue Exit $38.88 $74.63 $121.34 36
10Y EBITDA Exit $52.28 $96.91 $154.98 37
10Y P/E Exit $44.01 $80.44 $123.61 35
Earnings-Based
Graham-Dodd $41.47 $116.53 $153.31 54
Lynch FV $23.57 $33.67 $43.77 50
PEG = 1.0 $23.57 $33.67 $43.77 46
EPV $46.68 $57.69 $67.18 59
Dividend Discount
Gordon GGM $1.80 $3.58 $5.42 70
DDM Multi-Stage $1.80 $2.80 $3.78 61
Multiples
P/E Multiple $91.49 $121.98 $152.48 63
P/S Multiple $77.76 $103.68 $129.61 58
P/B Multiple $73.05 $97.40 $121.75 55
EV/EBIT $91.98 $130.31 $168.64 53
EV/EBITDA $92.45 $130.93 $169.41 54
EV/Revenue $54.51 $87.72 $120.94 43
Asset-Based
NCAV (Graham) $16.23 $21.75 $32.47 50
Growth DCF
Growth DCF $37.22 $62.64 $96.88 80
Rev-Margin DCF $45.10 $86.11 $131.88 74
Economic Profit
Residual Income $39.12 $54.72 $243.77 76
ROIC Compounder $49.26 $66.57 $86.82 72
Growth Earnings
Growth-Adj P/E $73.44 $104.91 $136.39 68

Widest divergence: Growth Earnings ($104.91) versus Dividend Discount ($2.80). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $2.8B
Revenue growth (YoY) +11.4%
Net margin 8.5%
Return on equity 18.9%
Free cash flow $219M FY2025
P/E ratio 18.6
More key figures
Operating margin 11.1%
EPS (TTM) $5.94
Dividend yield 0.2%
EPS growth (YoY) +2.4%
Net debt $1.1B FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 61 · Market factors (momentum, volatility) 48

Profitability 53
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Belden Inc. provides connection solutions to bring data infrastructure into alignment to unlock new possibilities for its customers.

Full company description

Belden Inc. provides connection solutions to bring data infrastructure into alignment to unlock new possibilities for its customers. The company provides copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in local area networks, data centers, access control, 5G, fiber to the home, and building automation applications. It also provides power, cooling, and airflow management products for mission-critical data center operations; and end-to-end fiber and copper network systems. It also serves commercial real estate, education, financial institutions, stadiums and venues, military installations, and broadband and wireless service providers, as well as data centers, government, healthcare, and hospitality sectors. In addition, the company offers network digitization and automation solutions; and products and solutions covering various aspects of data handling, including acquisition, transmission, orchestration, and management for applications in discrete automation, process automation, energy, and mass transit. It sells its products to distributors, end-users, installers, and original equipment manufacturers (OEMs). It operates in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company was formerly known as Belden CDT Inc. and changed its name to Belden Inc. in May 2007. Belden Inc. was founded in 1902 and is headquartered in Saint Louis, Missouri. As of April 22, 2026 Belden Inc. operates as subsidiary of Brightstar Capital Partners, L.P.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Belden Inc reported revenue of $2.7B in FY2025 versus $2.3B in FY2021, a compound +4.2%/yr. Reported net income was $238M in FY2025, compounding +38.8%/yr from FY2021.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$2.7B
Latest YoY
+10.3%
Avg. growth/yr (3Y)
+1.4%
Avg. growth/yr (5Y)
+9.2%
Avg. growth/yr (32Y)
+10.1%
Revenue +4.2%/yr
FY21 $2.3B
FY22 $2.6B
FY23 $2.5B
FY24 $2.5B
FY25 $2.7B
Net income +38.8%/yr
FY21 $63.9M
FY22 $255M
FY23 $243M
FY24 $198M
FY25 $238M

BDC screens 36% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Belden Inc Fair Value". https://www.fairvalue-calculator.com/stock/BDC

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Communication Equipment · 290 stocks

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.

Quality Score 65 · Top 25%
Fair Value upside −36% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 11% · Top 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 1.02× · Higher than 75% of peers

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 17.6× · Cheaper than 75% of peers
P/B 3.23× · Pricier than median
P/S (TTM) 1.46× · Pricier than median
P/FCF 18.7× · Pricier than 75% of peers
EV/EBITDA 11.2× · Cheaper than median
PEG 0.99× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 57 · sector 30
PAST 76 · sector 15
HEALTH 49 · sector 98
DIVIDEND 4 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 44/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Belden Inc (BDC) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of $84.75 versus a price of $132.82, about −36% (overvalued).
What is the fair value of BDC?
Our model-based fair value for Belden Inc is $84.75 (as of Jul 15, 2026), built from audited fundamentals. The current price is $132.82.
What is the quality score of BDC?
Belden Inc has a Quality Score of 65/100. 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 revenue of Belden Inc (BDC)?
Belden Inc reported trailing-twelve-month revenue of about $2.8B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of BDC?
The net profit margin of Belden Inc is about 8.5%, meaning it keeps roughly 8.5% of revenue as net income. Based on the latest reported figures.
Does Belden Inc pay a dividend?
Belden Inc currently shows a dividend yield of about 0.18% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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