Cerebras Systems Inc (CBRS) Fair Value & Analysis

Technology · US · Market cap $50.2B

Below-average quality, and screening another 88% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case ($32.87). The favourable scenario is already priced in.
• Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (3 months)

White line = price, green steps = our fair value per fiscal year. As of Jul 7, 2026.

How to read this chart

3‑month range $168.52 – $311.07 · fair‑value band $19.72 – $32.87 · the $226.73 price screens above the $26.30 fair value. As of Jul 7, 2026.

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Analysis

Cerebras Systems Inc (CBRS) currently trades at $226.73, while our model-based Fair Value estimate is $26.30, implying the stock looks roughly 88.4% overvalued today. The Quality Score stands at 43/100 (below-average 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: low).

Over the trailing twelve months, Cerebras Systems Inc generated revenue of $510M at a net margin of 46.6%. It earns a return on equity of 38.4%. The balance sheet holds a net cash position of $440M. Fundamentals as of Jul 7, 2026

Our scenario range runs from $19.72 (bear case) to $32.87 (bull case); at $226.73, 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 41% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -88%, CBRS 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.

Widest divergence: Growth Earnings ($55.85) versus Multiples ($13.03). Highest evidence: Growth-Adj P/E (68).

Key figures & financial health

Quality Score breakdown

About the company

Cerebras Systems Inc. operates as an artificial intelligence infrastructure company. It designs and manufactures an AI compute platform that comprises of proprietary systems and software that is delivered in racks for deployment in data centers up to supercomputer scale.

Full company description

Cerebras Systems Inc. operates as an artificial intelligence infrastructure company. It designs and manufactures an AI compute platform that comprises of proprietary systems and software that is delivered in racks for deployment in data centers up to supercomputer scale. The company's pioneering wafer-scale engine, a chip encompassing a silicon wafer, designed to enable higher performance and speeds than GPUs for the computational demands of inference, Generative AI, and other AI applications. Its customers include hyperscalers, foundation model labs, AI-native and digital-native businesses, enterprises, and leaders of Sovereign AI initiatives. The company has operations in the United States, Europe, the Middle East, Africa, and internationally. Cerebras Systems Inc. was founded in 2015 and is headquartered in Sunnyvale, California.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Cerebras Systems Inc reported revenue of $510M in FY2025 versus $24.6M in FY2022, a compound +174.6%/yr. Reported net income was $238M in FY2025.

CBRS screens 88% overvalued. Compare with NVIDIA Corporation →

Recent news

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

• Cerebras Systems: A Leading AI Semiconductor Company Yahoo Finance · Aug 3, 2026
• Cathie Wood Bought Cerebras Systems Stock the Same Week the AI Chip Startup's Shares Fell More Than 58% From Their First-Day IPO Pop Yahoo Finance · Aug 3, 2026

Peer Group

Semiconductors · 319 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.

Valuation Multiples vs Semiconductors median · lower = cheaper

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: 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.

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

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Frequently asked questions

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.