Cochlear Limited (CHEOF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Cochlear Limited $63.79, price $93.61, upside -31.9%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Cochlear Limited
CHEOF · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $47.45 – $224.37 · fair‑value band $35.64 – $90.53 · the $93.61 price screens above the $63.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Company profile
Cochlear Limited provides implantable hearing solutions for children and adults worldwide. The company offers cochlear implant systems, sound processor upgrades, bone conduction systems, and other products.
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Cochlear Limited provides implantable hearing solutions for children and adults worldwide. The company offers cochlear implant systems, sound processor upgrades, bone conduction systems, and other products. It also provides cochlear nucleus systems, including Nucleus sound processors, smart bimodal hearing solution, and Nucleus implants; cochlear Baha systems comprising Baha 6 max sound processor and Baha implant; and accessories, such as wireless devices and Nucleus water-safe accessories. The company was founded in 1981 and is headquartered in Sydney, Australia.
Stock analysis
Cochlear Limited (CHEOF) currently trades at $93.61, while our model-based Fair Value estimate is $63.79, 31.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $72.92 per share, and 1 of the 26 models we run sit above the $93.61 price.
Bear case: the Asset-Based group reads lowest at $13.90, and 25 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $35.64 (bear) to $90.53 (bull), the price of $93.61 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 70/100 (solid quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Cochlear Limited reported revenue of A$2.3B in FY2025 versus A$1.5B in FY2021, a compound +11.8%/yr. Reported net income was A$389M in FY2025, compounding +4.5%/yr from FY2021.
Key figures
Market cap $6.1B · P/E ratio 25.1 · P/S ratio 4.17 · EPS (TTM) $3.73 · Dividend yield 4.6% · Net margin 16.6% · Return on equity 18.2% · Return on assets (EBIT) 15.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
The share trades about 52% below its 52-week high and 45% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 6% fair-value upside, at −32%, CHEOF screens richer than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 29
Revenue & earnings trend
Growth Forecast
CHEOF screens overvalued: fair value 32% below the price. Compare with Abbott Laboratories, →
Recent news
- Cochlear Reaches More Than 1 Million Hours of Patient Experience Across Its Fully Implantable Hearing Technology Research Program
- Cochlear Ltd's Dividend Analysis
- Cochlear Ltd (CHEOF) (FY 2026) Earnings Call Highlights: Navigating Market Headwinds with Nexa ...
- Cochlear introduces the new Osia® 3 Sound Processor
Compare Cochlear Limited with another stock
Price, fair value, quality and upside side by side.
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 · 326 stocks
Valuation Multiplesvs Medical Devices median · lower = cheaper
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Medical Devices stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Abbott Laboratories, ABT | $98.83 | $74.79 | −24% |
| Medtronic plc MDT | $87.09 | $65.61 | −25% |
| Stryker Corporation SYK | $278.77 | $306.65 | +10% |
| Boston Scientific Corporation BSX | $43.65 | $48.02 | +10% |
| Edwards Lifesciences Corporation EW | $85.19 | $81.94 | −4% |
| Siemens Healthineers AG SHL | €37.86 | €35.19 | −7% |
| DexCom, Inc DXCM | $86.68 | $95.35 | +10% |
| GE HealthCare Technologies Inc GEHC | $66.63 | $70.37 | +6% |
| Shenzhen Mindray Bio-Medical Electronics Co 300760 | ¥153.86 | ¥169.25 | +10% |
| Koninklijke Philips N.V PHIA | €21.87 | €15.23 | −30% |
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Key figures of Cochlear Limited
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