Brainsway Ltd (BWAY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Brainsway Ltd stock $12.27, price $11.15, upside +10.0%, quality 76 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 7, 2026.
How to read this chart
60‑month range $0.7300 – $17.17 · fair‑value band $8.58 – $15.93 · the $11.15 price screens below the $12.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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BrainsWay Ltd. develops and sells noninvasive neurostimulation treatments for mental health disorders in the United States and internationally.
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It offers Deep Transcranial Magnetic Stimulation platform technology for the treatment of major depressive disorders, anxious and late-life depression, obsessive-compulsive disorders, smoking addiction, bipolar disorders, post-traumatic stress disorders, schizophrenia, Alzheimer's disease, autism, chronic pain, multiple sclerosis, post stroke rehabilitation, and Parkinson's diseases.
The company serves doctors, hospitals, and medical centers in the field of psychiatry. The company was founded in 2003 and is headquartered in Jerusalem, Israel.
Stock analysis
Brainsway Ltd (BWAY) currently trades at $11.15, while our model-based Fair Value estimate is $12.27, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $9.83 per share, and 4 of the 24 models we run sit above the $11.15 price.
Bear case: the Economic Profit group reads lowest at $2.38, and 20 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $8.58 (bear) to $15.93 (bull), the price of $11.15 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 76/100 (high quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Brainsway Ltd reported revenue of $52.2M in FY2025 versus $29.7M in FY2021, a compound +15.2%/yr. Reported net income was $7.6M in FY2025.
Key figures
Market cap $433M Small · P/E ratio 48.5 · P/S ratio 7.13 · EPS (TTM) $0.2300 · Net margin 15.6% · Return on equity 12.8% · Return on assets (EBIT) −5.8% (5-year average) · Operating margin 14.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 54% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −15% fair-value upside, at 10%, BWAY screens cheaper than that median.
Fair Value models
Bear$8.58Fair Value $12.27Bull$15.93
Price $11.15 · Upside +10.0%
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 ($0.1972 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, 3 officers or directors sold shares worth $0 and none bought.
SaleGilad MoiseyevChief Technology Officer5,000 shares at ?Jun 15, 2026
SaleYiftach RothChief Scientist7,000 shares at ?Jun 2, 2026
SaleRayten Michal Ety MitranyDirector17,980 shares at ?May 26, 2026
Plus 2 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.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+27.3%
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.
+24.3%
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.
+18.8%
Start year 2020 (pandemic). Over 10 years: +22.6% a year
Revenue growth 25 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.
−2.7%
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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.
−21.9% (2020) → 8.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than 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).
−3.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
+21.9%
Yearly sales growth analysts expect, extended to five years.
The revenue jump in 2026 (+32.4%) comes with 90% more shares (acquisition or merger paid in stock). Per share it is about −30.2%. The comparison above is unreliable in such a year.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −6.1% a year for the price and +19.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (87 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.Negative
Recent news coverage is more negative than average.
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.Medical Devices · 318 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+10.0% · Top 25%
Profitability
Return on equity (12 months)12.8% · Top 25%
Return on assets6.8% · Above median
Net margin (12 months)15.6% · Top 25%
Operating margin (12 months)14.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)35.4% · Top 25%
Valuation Multiplesvs Medical Devices median · lower = cheaper
P/E (12 months)48.5× · Priciest 25%
P/B5.91× · Priciest 25%
P/S (12 months)7.13× · Priciest 25%
Price / free cash flow (fiscal year)26.4× · 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). "Brainsway Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BWAY
Frequently asked questions
Is Brainsway Ltd (BWAY) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $12.27 versus a price of $11.15, about +10% upside (fairly valued).
What is the fair value of BWAY?
Our model-based fair value for Brainsway Ltd is $12.27 (as of Nov 7, 2026), built from audited fundamentals. The current price: $11.15.
What is the quality score of BWAY?
Brainsway Ltd has a Quality Score of 76/100. 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 Brainsway Ltd (BWAY)?
Our model-based price target is the fair value of $12.27 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario $8.58, optimistic scenario $15.93. It is a calculation from audited fundamentals, not an analyst target.
What is the Brainsway Ltd stock forecast for 2026?
Our models put fair value at $12.27, about +10% upside versus a price of $11.15 (fairly valued). Cautious scenario $8.58, optimistic scenario $15.93. The calculation is refreshed regularly with new filings.
What is the revenue of Brainsway Ltd (BWAY)?
Brainsway Ltd reported trailing-twelve-month revenue of about $60.7M (latest available figure, as of Nov 7, 2026).
What growth is priced into Brainsway Ltd (BWAY)?
For today's price to be fair in a discounted-cash-flow model, Brainsway Ltd would have to grow free cash flow by -3.9 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of BWAY use?
Our models discount Brainsway Ltd at 9.8 %: a base by market capitalisation (small), damped by beta 0.10, 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 Brainsway Ltd that is -3.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Brainsway Ltd (BWAY) delivered so far?
Over the past 5 years revenue at Brainsway Ltd grew +18.8 % a year. The price currently implies free-cash-flow growth of -3.9 % 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 Brainsway Ltd (BWAY) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into Brainsway Ltd (-3.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Brainsway Ltd (BWAY)?
The free-cash-flow yield on the price is 7.33 %: that much free cash flow Brainsway Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Brainsway Ltd (BWAY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Brainsway Ltd it is $12.27 per share (as of Nov 7, 2026), against a price of $11.15. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Brainsway Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, BWAY trades below its calculated fair value: price $11.15, fair value $12.27, 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 BWAY?
No. The price is what the market pays today ($11.15); the fair value is what the company's own numbers justify ($12.27). For Brainsway Ltd the two are $1.12 per share apart. That gap is exactly why we show both numbers side by side.
How much is Brainsway Ltd worth?
The market values Brainsway Ltd at about $433M (market capitalisation, as of Nov 7, 2026). Per share that is $11.15; our models calculate a fair value of $12.27 per share.
What do the bullish and bearish scenarios say about BWAY?
Our models span a range for Brainsway Ltd: cautious scenario $8.58, base $12.27, optimistic $15.93 per share (as of Nov 7, 2026, price $11.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BWAY?
Brainsway Ltd trades at a price-to-earnings ratio of 48.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.27 is built from several models across several years. Other multiples: P/B 5.9, P/S 7.1, EV/EBITDA 43.0.
How solid is the balance sheet of Brainsway Ltd (BWAY)?
Balance-sheet figures for Brainsway Ltd (as of Nov 7, 2026): return on equity 12.8%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is BWAY from its 52-week high?
Brainsway Ltd trades at $11.15, about 35% below its 52-week high of $17.17 and 54% above the low of $7.25 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $12.27 is for.
Which stocks are comparable to Brainsway Ltd?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, 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 Brainsway Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price $11.15, calculated fair value $12.27 (+10%), Quality Score 76/100, 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 BWAY calculated?
We run Brainsway Ltd through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $12.27 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. Brainsway Ltd 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 Brainsway Ltd (BWAY)?
The closing price on Nov 6, 2026 was $11.15. Our model-based fair value is $12.27, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Brainsway Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($8.58 to $15.93) leaves room in how you read the outcome.
Key figures of Brainsway Ltd
How large is the market capitalisation of Brainsway Ltd (BWAY)?
The market capitalisation of Brainsway Ltd is $433M. 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 Brainsway Ltd (BWAY)?
The price-to-sales ratio of Brainsway Ltd is 7.13 (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 Brainsway Ltd (BWAY)?
Earnings per share at Brainsway Ltd are $0.2300 (price ÷ EPS = P/E 48.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Brainsway Ltd (BWAY)?
The net margin of Brainsway Ltd is 15.6% (last twelve months). 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 Brainsway Ltd (BWAY)?
The return on equity (ROE) of Brainsway Ltd is 12.8% (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 Brainsway Ltd (BWAY)?
On an EBIT basis the return on assets of Brainsway Ltd is −5.8% (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 Brainsway Ltd (BWAY)?
The operating margin of Brainsway Ltd is 14.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Brainsway Ltd (BWAY)?
Revenue at Brainsway Ltd is growing +35.4% versus a year earlier (3y avg +24.3%). 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 Brainsway Ltd (BWAY)?
Earnings per share at Brainsway Ltd are growing +59.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Brainsway Ltd (BWAY) hold?
Brainsway Ltd holds more cash than debt, $60.9M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 7, 2026