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BrainsWay Ltd (BWAY) Fair Value & Analysis

Healthcare · US · Market cap $597M

BL BrainsWay Ltd logo BrainsWay Ltd BWAY · US
Price$15.50
Fair Value$3.35
Upside-78.4%
Quality76/100
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Mixed Growth
Solidly profitable · 15.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Moderate moat 55/100
Evidence: High Range $2.89 – $4.04 Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from $3.56 to $3.35 (−5.9%) since Jun 24, 2026. Share price +3.6% over the past month.

A strong business, but screening 78% overvalued on our models.

What matters now

  • A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case ($4.04). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

$17.17 $0.7300 Fair Value $3.35 Apr 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 $0.7300 – $17.17 · fair‑value band $2.89 – $4.04 · the $15.50 price screens above the $3.35 fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

BrainsWay Ltd (BWAY) currently trades at $15.50, while our model-based Fair Value estimate is $3.35, implying the stock looks roughly 78.4% overvalued today. The Quality Score stands at 76/100 (high quality), in the Healthcare 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, BrainsWay Ltd generated revenue of $56.2M at a net margin of 15.6%. Revenue grew 34.6% year over year. It earns a return on equity of 12.6%. The balance sheet holds a net cash position of $60.9M. Fundamentals as of Jul 15, 2026

Our scenario range runs from $2.89 (bear case) to $4.04 (bull case); at $15.50, the current price sits above 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 11% below its 52-week high and 186% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at -78%, BWAY screens richer 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 $6.90 $10.34 $16.66 80
Residual Income $1.52 $1.67 $2.15 76
Rev-Margin DCF $4.26 $5.77 $8.68 74
All 24 models by family
DCF Models
FCF DCF $7.25 $9.81 $17.46 38
Owner Earnings $4.04 $6.56 $11.25 31
5Y Revenue Exit $4.20 $5.25 $7.39 39
5Y EBITDA Exit $4.53 $5.93 $8.63 41
5Y P/E Exit $5.64 $9.68 $15.05 38
10Y Revenue Exit $5.21 $7.61 $8.59 36
10Y EBITDA Exit $5.47 $8.26 $12.57 37
10Y P/E Exit $6.21 $10.44 $17.07 35
Earnings-Based
Graham-Dodd $1.29 $9.02 $12.66 54
Lynch FV $3.65 $5.21 $6.77 50
PEG = 1.0 $3.65 $5.21 $6.77 46
EPV $2.46 $2.57 $2.66 59
Multiples
P/E Multiple $3.14 $4.19 $5.23 63
P/S Multiple $2.43 $3.23 $4.04 58
P/B Multiple $2.43 $3.23 $4.04 55
EV/EBIT $3.06 $3.52 $3.98 53
EV/EBITDA $3.22 $3.73 $4.24 54
EV/Revenue $2.67 $3.09 $3.51 43
Asset-Based
NCAV (Graham) $0.9100 $1.22 $1.82 50
Growth DCF
Growth DCF $6.90 $10.34 $16.66 80
Rev-Margin DCF $4.26 $5.77 $8.68 74
Economic Profit
Residual Income $1.52 $1.67 $2.15 76
ROIC Compounder $2.58 $2.84 $3.15 72
Growth Earnings
Growth-Adj P/E $4.66 $6.66 $8.65 68

Widest divergence: DCF Models ($7.61) versus Asset-Based ($1.22). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $56.2M
Revenue growth (YoY) +34.6%
Net margin 15.6%
Return on equity 12.6%
Free cash flow $16.4M FY2025
P/E ratio 67.7
More key figures
Operating margin 12.9%
EPS (TTM) $0.2200
EPS growth (YoY) +200%
Net cash $60.9M FY2025

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

Quality Score breakdown

Overall quality 76/100

Of which business quality 76 · Market factors (momentum, volatility) 73

Profitability 50
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 92
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

BrainsWay Ltd. develops and sells noninvasive neurostimulation treatments for mental health disorders in the United States and internationally.

Full company description

BrainsWay Ltd. develops and sells noninvasive neurostimulation treatments for mental health disorders in the United States and internationally. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$52.2M
Latest YoY
+27.3%
Avg. growth/yr (3Y)
+24.3%
Avg. growth/yr (5Y)
+18.8%
Avg. growth/yr (25Y)
−2.7%
Revenue +15.2%/yr
FY21 $29.7M
FY22 $27.2M
FY23 $31.8M
FY24 $41.0M
FY25 $52.2M
Net income
FY21 −$6.5M
FY22 −$13.3M
FY23 −$4.2M
FY24 $2.9M
FY25 $7.6M

BWAY screens 78% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "BrainsWay Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BWAY

Peer Group

Medical Devices · 351 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 76 · Top 25%
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 13% · Above median
Revenue growth 35% · Top 25%

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 67.7× · Pricier than 75% of peers
P/B 8.16× · Pricier than 75% of peers
P/S (TTM) 10.63× · Pricier than 75% of peers
P/FCF 36.4× · Pricier than 75% of peers
EV/EBITDA 80.1× · Pricier than 75% of peers

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 100 · sector 27
PAST 50 · sector 8
HEALTH 100 · sector 97
DIVIDEND 0 · sector 38

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

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is BrainsWay Ltd (BWAY) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of $3.35 versus a price of $15.50, about −78% (overvalued).
What is the fair value of BWAY?
Our model-based fair value for BrainsWay Ltd is $3.35 (as of Jul 15, 2026), built from audited fundamentals. The current price is $15.50.
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 revenue of BrainsWay Ltd (BWAY)?
BrainsWay Ltd reported trailing-twelve-month revenue of about $56.2M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of BWAY?
The net profit margin of BrainsWay Ltd is about 15.6%, meaning it keeps roughly 15.6% of revenue as net income. Based on the latest reported figures.

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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