Belden Inc (BDC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Belden Inc stock $108, price $97.83, upside +9.9%, quality 64 out of 100. Rating: fairly valued. Calculated from audited financials with 24 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 $48.00 – $150.72 · fair‑value band $60.10 – $163.84 · the $97.83 price screens below the $107.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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Belden Inc. provides connection solutions to bring data infrastructure into alignment to unlock new possibilities for its customers.
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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.
Stock analysis
Belden Inc (BDC) currently trades at $97.83, while our model-based Fair Value estimate is $107.50, so the stock looks roughly fairly valued today (gap 9.0%).
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Valuation
Bull case: the Multiples group reads highest at a median of $170.09 per share, and 10 of the 24 models we run sit above the $97.83 price.
Bear case: the Earnings-Based group reads lowest at $43.33, and 14 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $60.10 (bear) to $163.84 (bull), the price of $97.83 sits inside 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 64/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap $3.8B Mid · P/E ratio 15.9 · P/S ratio 1.39 · EPS (TTM) $6.15 · Dividend yield 0.2% · Net margin 8.7% · Return on equity 13.4% · Return on assets (EBIT) 9.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at 10%, BDC screens cheaper than that median.
Fair Value models
Bear$60.10Fair Value $107.50Bull$163.84
Price $97.83 · Upside +9.9%
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 2025 figures (about 10 months old). Earnings retained since then ($5.09 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, one officer or director sold shares worth $217,341 and none bought.
SaleBrian LieserEVP - Chief Comm. Officer4× since Dec 2, 2025: 7,602 shares, avg. $121.10$920,592Sep 15, 202610b5-1 plan
SaleDoug ZinkVP and CAO2× since Dec 9, 2025: 5,937 shares, avg. $127.27$755,620Feb 6, 202610b5-1 plan
SaleLeah TateSVP - HR2× since Dec 3, 2025: 5,508 shares, avg. $125.36$690,500Feb 4, 202610b5-1 plan
SaleJonathan C KleinDirector3,000 shares at $124.19$372,570Dec 11, 2025
SaleHiran BhadraSVP, Strategy & Technology1,600 shares at $120.00$192,000Dec 5, 202510b5-1 plan
Plus 19 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.84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.3%
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.
+1.4%
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.
+9.2%
Start year 2020 (pandemic). Over 10 years: +1.6% a year
Revenue growth 32 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.
+10.1%
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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.
+33.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.2%
Dividend (yield on the price)0.2%
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.33.2% vs 13.3%, picking up
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.9% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what 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).
+17.2%
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.
+16.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +14.5% a year for the price and +13.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Moderate business potential stems from local manufacturing support for the acquired RUCKUS portfolio yet the absence of durable advantages pairs with high leverage where debt exceeds equity.
Main risk: High leverage with debt exceeding equity could pressure long term profitability and hinder sustained support for the acquired portfolio and integration steps.
Belden has started manufacturing select RUCKUS switches at its Pune facility in India. This step leverages the combined company's global footprint to support the acquired portfolio and serve customers more locally. Will the integration deliver meaningful cost efficiencies and growth acceleration, or will it primarily add complexity during a period of robust demand in data centers and industrial markets?
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 · 302 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside+9.9% · Above median
Profitability
Return on equity (12 months)13.4% · Above median
Return on assets6.7% · Top 25%
Net margin (12 months)5.6% · Above median
Operating margin (12 months)1.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)38.3% · Top 25%
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity1.02× · Highest 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/E (12 months)15.9× · Cheaper than median
P/B3.04× · 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.
P/S (12 months)1.23× · Cheaper than median
Price / free cash flow (fiscal year)17.6× · Cheaper than median
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). "Belden Inc Fair Value". https://www.fairvalue-calculator.com/stock/BDC
Frequently asked questions
Is Belden Inc (BDC) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $107.50 versus a price of $97.83, about +10% upside (fairly valued).
What is the fair value of BDC?
Our model-based fair value for Belden Inc is $107.50 (as of Nov 6, 2026), built from audited fundamentals. The current price: $97.83.
What is the quality score of BDC?
Belden Inc has a Quality Score of 64/100. 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 Belden Inc (BDC)?
Our model-based price target is the fair value of $107.50 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario $60.10, optimistic scenario $163.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Belden Inc stock forecast for 2026?
Our models put fair value at $107.50, about +10% upside versus a price of $97.83 (fairly valued). Cautious scenario $60.10, optimistic scenario $163.84. The calculation is refreshed regularly with new filings.
What is the revenue of Belden Inc (BDC)?
Belden Inc reported trailing-twelve-month revenue of about $3.1B (latest available figure, as of Nov 6, 2026).
Does Belden Inc pay a dividend?
Belden Inc currently shows a dividend yield of 0.20% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Belden Inc (BDC) and when is the ex-dividend date?
Belden Inc pays a dividend of $0.2 per share a year, a dividend yield of 0.2%. The last ex-dividend date was Sep 16, 2026. A dividend has been paid every year since at least 2004. The payout ratio is 3.3% of earnings. Free cash flow covers the dividend 27.97 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Belden Inc (BDC)?
For today's price to be fair in a discounted-cash-flow model, Belden Inc would have to grow free cash flow by +17.2 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.2 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of BDC use?
Our models discount Belden Inc at 10.0 %: a base by market capitalisation (mid), damped by beta 1.13, 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 Belden Inc that is +17.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has Belden Inc (BDC) delivered so far?
Over the past 5 years revenue at Belden Inc grew +9.2 % a year. The price currently implies free-cash-flow growth of +17.2 % 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 Belden Inc (BDC) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Belden Inc (+17.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Belden Inc (BDC)?
The free-cash-flow yield on the price is 5.69 %: that much free cash flow Belden Inc produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Belden Inc (BDC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Belden Inc it is $107.50 per share (as of Nov 6, 2026), against a price of $97.83. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Belden Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, BDC trades below its calculated fair value: price $97.83, fair value $107.50, a gap of about +10% (fairly valued). 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 BDC?
No. The price is what the market pays today ($97.83); the fair value is what the company's own numbers justify ($107.50). For Belden Inc the two are $9.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Belden Inc worth?
The market values Belden Inc at about $3.8B (market capitalisation, as of Nov 6, 2026). Per share that is $97.83; our models calculate a fair value of $107.50 per share.
What do the bullish and bearish scenarios say about BDC?
Our models span a range for Belden Inc: cautious scenario $60.10, base $107.50, optimistic $163.84 per share (as of Nov 6, 2026, price $97.83). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BDC?
Belden Inc trades at a price-to-earnings ratio of 15.9 (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 $107.50 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 21.6. Other multiples: PEG 1.0, P/B 3.0, P/S 1.2, EV/EBITDA 10.4.
What is the PEG ratio of BDC?
The PEG ratio of Belden Inc is 0.99 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Belden Inc (BDC)?
Balance-sheet figures for Belden Inc (as of Nov 6, 2026): return on equity 13.4%, debt of 1.02 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is BDC from its 52-week high?
Belden Inc trades at $97.83, about 35% below its 52-week high of $150.72 and 2% above the low of $96.25 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $107.50 is for.
Which stocks are comparable to Belden Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 Belden Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $97.83, calculated fair value $107.50 (+10%), Quality Score 64/100, 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 BDC calculated?
We run Belden Inc through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $107.50 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 13.0% above its aggregate fair value. Belden Inc currently trades 9% below its own fair value, and the market average says nothing about that. 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 Belden Inc (BDC)?
The closing price on Nov 6, 2026 was $97.83. Our model-based fair value is $107.50, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Belden Inc right now?
The model range is unusually wide ($60.10 to $163.84). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Belden Inc
How large is the market capitalisation of Belden Inc (BDC)?
The market capitalisation of Belden Inc is $3.8B. 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 Belden Inc (BDC)?
The price-to-sales ratio of Belden Inc is 1.39 (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 Belden Inc (BDC)?
Earnings per share at Belden Inc are $6.15 (price ÷ EPS = P/E 15.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Belden Inc (BDC)?
The dividend yield of Belden Inc is 0.2% (payout 3.3%). 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 Belden Inc (BDC)?
The net margin of Belden Inc is 8.7% (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 Belden Inc (BDC)?
The return on equity (ROE) of Belden Inc is 13.4% (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 Belden Inc (BDC)?
On an EBIT basis the return on assets of Belden Inc is 9.3% (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 Belden Inc (BDC)?
The operating margin of Belden Inc is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Belden Inc (BDC)?
Revenue at Belden Inc is growing +38.3% versus a year earlier (3y avg +1.4%). 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 Belden Inc (BDC)?
Earnings per share at Belden Inc are growing +13.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Belden Inc (BDC) carry?
The net debt of Belden Inc is $1.1B (fiscal year 2025, ≈ 5.0 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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Broad data
Nov 6, 2026