Electromed Inc (ELMD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Electromed Inc stock $30.81, price $27.17, upside +13.4%, quality 76 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $8.75 – $46.31 · fair‑value band $18.15 – $38.39 · the $27.17 price screens below the $30.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Electromed, Inc. develops, manufactures, markets, and sells airway clearance therapy and related products that apply high frequency chest wall oscillation (HFCWO) therapy in pulmonary care for patients in the United States and internationally.
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The company offers SmartVest airway clearance system for patients with compromised pulmonary functions, including bronchiectasis and cystic fibrosis, as well as neuromuscular conditions, such as cerebral palsy, muscular dystrophies, amyotrophic lateral sclerosis, and post-surgical complications; SmartVest SQL System; SmartVest Clearway System that consists of an inflatable therapy garment, a programmable air pulse generator, and a patented single-hose that delivers air pulses from the generator to the garment to create oscillatory pressure on the chest wall; and SmartVest Connect, a wireless technology that allows data connection between physicians and patients to track therapy performance and collaborate in treatment decisions.
It also provides single patient use SmartVest and SmartVest Wrap products for health care providers in the acute care setting. It markets its products to physicians, health care providers, and directly to patients.
Electromed, Inc. was incorporated in 1992 and is headquartered in New Prague, Minnesota.
Stock analysis
Electromed Inc (ELMD) currently trades at $27.17, while our model-based Fair Value estimate is $30.81, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $27.73 per share, and 8 of the 24 models we run sit above the $27.17 price.
Bear case: the Asset-Based group reads lowest at $5.44, and 16 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $18.15 (bear) to $38.39 (bull), the price of $27.17 sits inside 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 76/100 (high quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Electromed Inc reported revenue of $73.8M in FY2026 versus $41.7M in FY2022, a compound +15.4%/yr. Reported net income was $11.3M in FY2026, compounding +48.8%/yr from FY2022.
Key figures
Market cap $236M Micro · P/E ratio 20.9 · P/S ratio 3.20 · EPS (TTM) $1.30 · Net margin 15.3% · Return on equity 23.3% · Return on assets (EBIT) 13.6% (5-year average) · Operating margin 19.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (medium confidence).
What moves the price
The share trades about 41% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −15% fair-value upside, at 13%, ELMD screens cheaper than that median.
Fair Value models
Bear$18.15Fair Value $30.81Bull$38.39
Price $27.17 · Upside +13.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then ($0.4701 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
In the last 6 months, 3 officers or directors sold shares worth $2.2M and none bought.
SaleJames L. CunniffCEO and President, Director9,700 shares at $36.51$354,104Jun 8, 2026
SaleBradley M. NagelChief Financial Officer11,801 shares at $36.35$428,988Jun 4, 2026
SaleKathleen SkarvanDirector40,000 shares at $35.48$1.4MMay 15, 2026
Plus 6 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.3%
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.
+15.4%
Revenue growth 5 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.
+15.6%
Start year 2021 (pandemic). Over 10 years: +12.4% a year
Revenue growth 18 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.
+12.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+48.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+48.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.37.5% vs 17.3%, picking up
Profit margin 2021 to 2026 ⓘ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.9% → 19%
2026 sits 124% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +15.4% a year for the price.
News mood ⓘNews mood, the average tone of recent news (57 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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.Medical Devices · 318 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+13.4% · Top 25%
Profitability
Return on equity (12 months)23.3% · Top 25%
Return on assets17.1% · Top 25%
Net margin (12 months)15.3% · Top 25%
Operating margin (12 months)19.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)11.6% · Above median
Valuation Multiplesvs Medical Devices median · lower = cheaper
P/E (12 months)20.9× · Cheaper than median
P/B4.37× · Priciest 25%
P/S (12 months)3.20× · Pricier than median
Price / free cash flow (fiscal year)28.1× · Pricier than median
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). "Electromed Inc Fair Value". https://www.fairvalue-calculator.com/stock/ELMD
Frequently asked questions
Is Electromed Inc (ELMD) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $30.81 versus a price of $27.17, about +13% upside (undervalued).
What is the fair value of ELMD?
Our model-based fair value for Electromed Inc is $30.81 (as of Nov 6, 2026), built from audited fundamentals. The current price: $27.17.
What is the quality score of ELMD?
Electromed Inc 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 price target for Electromed Inc (ELMD)?
Our model-based price target is the fair value of $30.81 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario $18.15, optimistic scenario $38.39. It is a calculation from audited fundamentals, not an analyst target.
What is the Electromed Inc stock forecast for 2026?
Our models put fair value at $30.81, about +13% upside versus a price of $27.17 (undervalued). Cautious scenario $18.15, optimistic scenario $38.39. The calculation is refreshed regularly with new filings.
What is the revenue of Electromed Inc (ELMD)?
Electromed Inc reported trailing-twelve-month revenue of about $73.8M (latest available figure, as of Nov 6, 2026).
What growth is priced into Electromed Inc (ELMD)?
For today's price to be fair in a discounted-cash-flow model, Electromed Inc would have to grow free cash flow by +18.1 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.6 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of ELMD use?
Our models discount Electromed Inc at 11.2 %: a base by market capitalisation (micro), damped by beta 0.40, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Electromed Inc that is +18.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Electromed Inc (ELMD) delivered so far?
Over the past 5 years revenue at Electromed Inc grew +15.6 % a year. The price currently implies free-cash-flow growth of +18.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Electromed Inc (ELMD) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into Electromed Inc (+18.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Electromed Inc (ELMD)?
The free-cash-flow yield on the price is 3.56 %: that much free cash flow Electromed Inc produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Electromed Inc (ELMD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Electromed Inc it is $30.81 per share (as of Nov 6, 2026), against a price of $27.17. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Electromed Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ELMD trades below its calculated fair value: price $27.17, fair value $30.81, a gap of about +13% (undervalued). 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 ELMD?
No. The price is what the market pays today ($27.17); the fair value is what the company's own numbers justify ($30.81). For Electromed Inc the two are $3.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Electromed Inc worth?
The market values Electromed Inc at about $236M (market capitalisation, as of Nov 6, 2026). Per share that is $27.17; our models calculate a fair value of $30.81 per share.
What do the bullish and bearish scenarios say about ELMD?
Our models span a range for Electromed Inc: cautious scenario $18.15, base $30.81, optimistic $38.39 per share (as of Nov 6, 2026, price $27.17). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ELMD?
Electromed Inc trades at a price-to-earnings ratio of 20.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $30.81 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, FY2018, FY2025, FY2026 ex one-offs: 27.7. Other multiples: PEG 0.4, P/B 4.4, P/S 3.2, EV/EBITDA 14.6.
What is the PEG ratio of ELMD?
The PEG ratio of Electromed Inc is 0.35 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Electromed Inc (ELMD)?
Balance-sheet figures for Electromed Inc (as of Nov 6, 2026): return on equity 23.3%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is ELMD from its 52-week high?
Electromed Inc trades at $27.17, about 41% below its 52-week high of $46.31 and 17% above the low of $23.15 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $30.81 is for.
Which stocks are comparable to Electromed Inc?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, 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 Electromed Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $27.17, calculated fair value $30.81 (+13%), Quality Score 76/100, from 24 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 ELMD calculated?
We run Electromed Inc through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $30.81 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Electromed Inc currently trades 12% below its own fair value, and the market average says nothing about that. 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 Electromed Inc (ELMD)?
The closing price on Nov 6, 2026 was $27.17. Our model-based fair value is $30.81, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Electromed Inc right now?
A fairly wide model range ($18.15 to $38.39) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Electromed Inc (ELMD) come from?
Earnings per share at Electromed Inc grew +17.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +11.5 %, EBIT margin +3.4 %, tax rate +0.7 %, residual (interest, one-offs) +0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Electromed Inc
How large is the market capitalisation of Electromed Inc (ELMD)?
The market capitalisation of Electromed Inc is $236M. 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/S ratio of Electromed Inc (ELMD)?
The price-to-sales ratio of Electromed Inc is 3.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Electromed Inc (ELMD)?
Earnings per share at Electromed Inc are $1.30 (price ÷ EPS = P/E 20.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Electromed Inc (ELMD)?
The net margin of Electromed Inc is 15.3% (last twelve months). 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 Electromed Inc (ELMD)?
The return on equity (ROE) of Electromed Inc is 23.3% (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 Electromed Inc (ELMD)?
On an EBIT basis the return on assets of Electromed Inc is 13.6% (avg 5y). 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 Electromed Inc (ELMD)?
The operating margin of Electromed Inc is 19.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Electromed Inc (ELMD)?
Revenue at Electromed Inc is growing +11.6% versus a year earlier (3y avg +15.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Electromed Inc (ELMD)?
Earnings per share at Electromed Inc are growing +49.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Electromed Inc (ELMD) hold?
Electromed Inc holds more cash than debt, $20.3M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Nov 6, 2026