Cerebras Systems Inc. Class A (CBRS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Cerebras Systems Inc. Class A $74.16, price $205, upside -63.9%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 24, 2026.
How to read this chart
4‑month range $168.52 – $311.07 · fair‑value band $51.91 – $96.40 · the $205.24 price screens above the $74.16 fair value. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Cerebras Systems Inc. Class A Common Stock (CBRS) currently trades at $205.24, while our model-based Fair Value estimate is $74.16, implying the stock looks roughly 176.8% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $107.08 per share, and 0 of the 6 models we run sit above the $205.24 price.
Bear case: the Multiples group reads lowest at $24.99, and 6 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: $51.91 (bear) to $96.40 (bull), the price of $205.24 sits above 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 51/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Cerebras Systems Inc. Class A Common Stock reported revenue of $510M in FY2025 versus $24.6M in FY2022, a compound +174.6%/yr. Reported net income was $238M in FY2025.
Key figures
Market cap $43.0B · P/E ratio 544.8 · EPS (TTM) $−4.66 · Net margin 46.6% · Return on equity 18.8% · Return on assets (EBIT) −34.6% · Operating margin −265% · Revenue (TTM) $681M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −64%, CBRS screens richer than that median.
Fair Value models
Bear $51.91Fair Value $74.16Bull $96.40
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+75.7%
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.
+174.6%
’22
’23
’24
’25
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.
−726.4% (2022) → −28.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
News mood ⓘNews mood, the average tone of recent news (94 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.Positive
Recent news coverage is more positive than average.
Compare Cerebras Systems Inc. Class A Common Stock with another stock
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.Semiconductors · 340 stocks
Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−64% · Below median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−5% · Bottom 25%
Net margin (TTM)−75% · Bottom 25%
Growth and dividend
Revenue growth74% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)544.8× · Priciest 25%
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)63.25× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 64
PAST (return on equity)0· sector 22
HEALTH (low debt)0· sector 95
DIVIDEND (yield)0· sector 19
VALUE 0: the price sits above our fair-value range.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Cerebras Systems Inc. Class A Common Stock Fair Value". https://www.fairvalue-calculator.com/stock/CBRS
Frequently asked questions
Is Cerebras Systems Inc. Class A (CBRS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $74.16 versus a price of $205.24, about −64% upside (overvalued).
What is the fair value of CBRS?
Our model-based fair value for Cerebras Systems Inc. Class A Common Stock is $74.16 (as of Sep 24, 2026), built from audited fundamentals. The current price: $205.24.
What is the quality score of CBRS?
Cerebras Systems Inc. Class A Common Stock has a Quality Score of 51/100. 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 Cerebras Systems Inc. Class A (CBRS)?
Our model-based price target is the fair value of $74.16 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario $51.91, optimistic scenario $96.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Cerebras Systems Inc. Class A Common Stock stock forecast for 2026?
Our models put fair value at $74.16, about −64% upside versus a price of $205.24 (overvalued). Cautious scenario $51.91, optimistic scenario $96.40. The calculation is refreshed regularly with new filings.
What is the revenue of Cerebras Systems Inc. Class A (CBRS)?
Cerebras Systems Inc. Class A Common Stock reported trailing-twelve-month revenue of about $681M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Cerebras Systems Inc. Class A (CBRS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cerebras Systems Inc. Class A Common Stock it is $74.16 per share (as of Sep 24, 2026), against a price of $205.24. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Cerebras Systems Inc. Class A Common Stock stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CBRS trades above its calculated fair value: price $205.24, fair value $74.16, a gap of about −64% (overvalued). 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 CBRS?
No. The price is what the market pays today ($205.24); the fair value is what the company's own numbers justify ($74.16). For Cerebras Systems Inc. Class A Common Stock the two are $131.08 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cerebras Systems Inc. Class A Common Stock worth?
The market values Cerebras Systems Inc. Class A Common Stock at about $43.0B (market capitalisation, as of Sep 24, 2026). Per share that is $205.24; our models calculate a fair value of $74.16 per share.
What do the bullish and bearish scenarios say about CBRS?
Our models span a range for Cerebras Systems Inc. Class A Common Stock: cautious scenario $51.91, base $74.16, optimistic $96.40 per share (as of Sep 24, 2026, price $205.24). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Cerebras Systems Inc. Class A (CBRS)?
Balance-sheet figures for Cerebras Systems Inc. Class A Common Stock (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
Which stocks are comparable to Cerebras Systems Inc. Class A Common Stock?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix 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 Cerebras Systems Inc. Class A Common Stock stock attractive at the current price?
The data as of Sep 24, 2026: price $205.24, calculated fair value $74.16 (−64%), Quality Score 51/100, from 6 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 CBRS calculated?
We run Cerebras Systems Inc. Class A Common Stock through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $74.16, 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 14.1 % above its aggregate fair value. Cerebras Systems Inc. Class A Common Stock itself currently trades above fair value. 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 Cerebras Systems Inc. Class A (CBRS)?
The closing price on Sep 23, 2026 was $205.24. Our model-based fair value is $74.16, about −64% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cerebras Systems Inc. Class A Common Stock right now?
The price sits above even our optimistic bull case ($96.40). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($51.91 to $96.40) leaves room in how you read the outcome.
Key figures of Cerebras Systems Inc. Class A Common Stock
How large is the market capitalisation of Cerebras Systems Inc. Class A (CBRS)?
The market capitalisation of Cerebras Systems Inc. Class A Common Stock is $43.0B. 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/E ratio of Cerebras Systems Inc. Class A (CBRS)?
The price-to-earnings ratio of Cerebras Systems Inc. Class A Common Stock is 544.8 (as of Jun 19, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What are the earnings per share of Cerebras Systems Inc. Class A (CBRS)?
Earnings per share at Cerebras Systems Inc. Class A Common Stock are $−4.66 (price ÷ EPS = P/E 544.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cerebras Systems Inc. Class A (CBRS)?
The net margin of Cerebras Systems Inc. Class A Common Stock is 46.6% (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 Cerebras Systems Inc. Class A (CBRS)?
The return on equity (ROE) of Cerebras Systems Inc. Class A Common Stock is 18.8% (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 Cerebras Systems Inc. Class A (CBRS)?
On an EBIT basis the return on assets of Cerebras Systems Inc. Class A Common Stock is −34.6% (avg 4y). 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 Cerebras Systems Inc. Class A (CBRS)?
The operating margin of Cerebras Systems Inc. Class A Common Stock is −265% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cerebras Systems Inc. Class A (CBRS)?
Revenue at Cerebras Systems Inc. Class A Common Stock is growing +74.3% versus a year earlier (3y avg +175%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Cerebras Systems Inc. Class A (CBRS) generate?
The free cash flow of Cerebras Systems Inc. Class A Common Stock is −$393M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Cerebras Systems Inc. Class A (CBRS) hold?
Cerebras Systems Inc. Class A Common Stock holds more cash than debt, $440M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Sep 24, 2026