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EBR Systems Inc (EBR) Fair Value & Analysis

Healthcare · AU · Market cap A$267M

ES EBR Systems Inc EBR · AU
PriceA$0.2950
Fair ValueA$0.2465
Upside-16.4%
Quality13/100
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Weak Growth
Thin margins · 0.0% net margin
High debt · negative free cash flow
Trails peers (3/11)
Narrow moat 6/100
Evidence: Low Range A$0.1700 – A$0.3060 Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 3 days ago

Share price −21.3% over the past month.

Below-average quality, and screening another 16% overvalued on our models.

What matters now

  • Weak quality (13/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

A$2.01 A$0.2650 Fair Value A$0.2465 Nov 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

57‑month range A$0.2650 – A$2.01 · fair‑value band A$0.1700 – A$0.3060 · the A$0.2950 price screens above the A$0.2465 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

EBR Systems Inc (EBR) currently trades at A$0.2950, while our model-based Fair Value estimate is A$0.2465, implying the stock looks roughly 16.4% overvalued today. The Quality Score stands at 13/100 (below-average 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: low).

Trailing-twelve-month revenue stands at A$4.0M. Net debt stands at A$52.8M. The stock trades on a trailing P/E of 1.7. Fundamentals as of Aug 13, 2026

Our scenario range runs from A$0.1700 (bear case) to A$0.3060 (bull case); at A$0.2950, the current price sits within 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. For context, the median of 10 Healthcare peers we cover trades at -33% fair-value upside, at -16%, EBR screens cheaper 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 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
Highest evidence
Gordon GGM A$0.1800 A$0.2500 A$0.3000 70
DDM Multi-Stage A$0.1800 A$0.2400 A$0.2900 61
NCAV (Graham) A$0.0200 A$0.0200 A$0.0300 50
All 3 models by family
Dividend Discount
Gordon GGM A$0.1800 A$0.2500 A$0.3000 70
DDM Multi-Stage A$0.1800 A$0.2400 A$0.2900 61
Asset-Based
NCAV (Graham) A$0.0200 A$0.0200 A$0.0300 50

Widest divergence: Dividend Discount (A$0.2400) versus Asset-Based (A$0.0200). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) A$4.0M
Return on equity -459%
Free cash flow −A$58.9M FY2025
P/E ratio 1.7
Operating margin -685%
EPS (TTM) A$0.1700
More key figures
Net debt A$52.8M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 13/100

Of which business quality 16 · Market factors (momentum, volatility) 14

Profitability 0
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
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

EBR Systems, Inc. develops implantable systems for wireless tissue stimulation. It offers WiSE cardiac resynchronization therapy system, an implantable cardiac pacing system able to provide stimulation to endocardial heart tissue for the correction of heart rhythm conditions without requiring the use of leads; and stimulation of the left ventricular …

Full company description

EBR Systems, Inc. develops implantable systems for wireless tissue stimulation. It offers WiSE cardiac resynchronization therapy system, an implantable cardiac pacing system able to provide stimulation to endocardial heart tissue for the correction of heart rhythm conditions without requiring the use of leads; and stimulation of the left ventricular endocardium for cardiac resynchronization therapy (SOLVE-CRT), an investigational device exemption. The company was incorporated in 2003 and is headquartered in Sunnyvale, California.

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

Revenue & earnings trend

FY2020 – FY2025 · reported fiscal years

EBR Systems Inc reported revenue of A$1.7M in FY2025 versus A$0 in FY2020. Reported net income was −A$50.5M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$1.7M
Avg. growth/yr (6Y) 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.
+4.4%
Revenue
FY20 A$0
FY21 A$0
FY23 A$0
FY24 A$0
FY25 A$1.7M
Net income
FY21 −A$39.8K
FY22 −A$33.1M
FY23 −A$35.0M
FY24 −A$20.2M
FY25 −A$50.5M

EBR screens 16% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "EBR Systems Inc Fair Value". https://www.fairvalue-calculator.com/stock/EBR

Peer Group

Medical Devices · 350 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 13 · Bottom 25%
Fair Value upside −16% · Above median
Return on assets -42% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 11.7% · Top 25%
Debt / equity 1.60× · Higher than 75% of peers

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 1.7× · Cheaper than 75% of peers
P/B 7.40× · Pricier than 75% of peers
P/S (TTM) 47.63× · 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 11 · sector 0
FUTURE 0 · sector 30
PAST 0 · sector 7
HEALTH 20 · sector 97
DIVIDEND 100 · sector 38

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $110.91 $74.79 -33%
Stryker Corporation SYK $347.21 $186.28 -46%
Medtronic plc MDT $90.76 $65.57 -28%
Boston Scientific Corporation BSX $51.42 $38.44 -25%
Edwards Lifesciences Corporation EW $93.05 $41.02 -56%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥153.60 ¥147.63 -4%
Shanghai United Imaging Healthcare Co 688271 ¥110.50 ¥43.60 -61%
Demant A/S DEMANT kr 289.60 kr 161.17 -44%
Getinge AB GETIB kr 239.30 kr 192.14 -20%
Sectra AB SECTB kr 280.00 kr 66.81 -76%

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Frequently asked questions

Is EBR Systems Inc (EBR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of A$0.2465 versus a price of A$0.2950, about −16% (overvalued).
What is the fair value of EBR?
Our model-based fair value for EBR Systems Inc is A$0.2465 (as of Aug 13, 2026), built from audited fundamentals. The current price is A$0.2950.
What is the quality score of EBR?
EBR Systems Inc has a Quality Score of 13/100. 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 EBR Systems Inc (EBR)?
EBR Systems Inc reported trailing-twelve-month revenue of about A$4.0M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of EBR?
The net profit margin of EBR Systems Inc is about 0.0%, meaning it keeps roughly 0.0% 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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