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Fulgent Genetics Inc (FLGT) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Fulgent Genetics Inc stock $16.07, price $23.74, that is 32.3% below the price, quality 53 out of 100. Rating: overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Healthcare US

FG Fulgent Genetics Inc logo Thin data Nov 7, 2026

Fulgent Genetics Inc

FLGT · US
Solid, but expensive

Our calculation puts a fair price 32% below what the stock costs today.

Low debt
Quality 53/100
Mixed vs. peers (5/11)
Insiders sold $223,516 (6M)
Fair value $16.07 · Overvalued (−32.3%)
Weak Growth (revenue 5y −5.2 %/yr in USD)
Loss-making · -27.5% net margin (TTM)
Negative free cash flow
Narrow moat 12/100
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$109.76 $13.79 Fair Value $16.07 Aug 2021 Nov 2026

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

How to read this chart

60‑month range $13.79 – $109.76 · fair‑value band $10.61 – $20.09 · the $23.74 price screens above the $16.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.

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Company profile

Fulgent Genetics, Inc. provides clinical diagnostic and therapeutic development solutions to physicians and patients in the United States and internationally.

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The company's clinical diagnostic solutions include molecular diagnostic testing; genetic testing; anatomic pathology laboratory tests and testing services, such as gastrointestinal pathology, dermatopathology, urologic pathology, breast pathology, neuropathology, and hematopathology; oncology tests and testing services; and sequencer services related to hereditary cancer, reproductive health, and other diseases.

Its therapeutic development solutions focus on developing drug candidates for treating a range of cancers using a nanoencapsulation and targeted therapy platform to enhance the therapeutic window and pharmacokinetic profile of new and existing cancer drugs.

The company operates picture genetics platform, which includes gene probes, data suppression and comparison algorithms, adaptive learning software, and proprietary laboratory information management systems that helps customers to identify health markers in their personal DNA. It serves insurance, hospitals, medical institutions, other laboratories, governmental bodies, payors, large corporations, and patients.

Fulgent Genetics, Inc. was formerly known as Fulgent Diagnostics, Inc. and changed its name to Fulgent Genetics, Inc. in August 2016. The company was founded in 2011 and is headquartered in El Monte, California.

Stock analysis

Fulgent Genetics Inc (FLGT) currently trades at $23.74, while our model-based Fair Value estimate is $16.07, 32% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: $10.61 (bear) to $20.09 (bull), the price of $23.74 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 53/100 (solid quality), in the Healthcare sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Fulgent Genetics Inc reported revenue of $323M in FY2025 versus $993M in FY2021, a compound −24.5%/yr. Reported net income was −$60.5M in FY2025.

Key figures

Market cap $665M Small · P/S ratio 2.01 · EPS (TTM) $−3.10 · Net margin −27.5% · Return on equity −8.7% · Return on assets (EBIT) −1.7% (5-year average) · Operating margin −24.9% · Revenue (TTM) $330M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).

What moves the price

The share trades about 23% below its 52-week high and 72% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at −9% fair-value upside, at −32%, FLGT screens richer than that median.

Fair Value models

Bear $10.61 Fair Value $16.07 Bull $20.09
Price $23.74 · Downside -32.3%
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. 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.
Best data coverage
NCAV (Graham) $10.61 $16.07 $20.09 54
All 1 models by family
Asset-Based
NCAV (Graham) $10.61 $16.07 $20.09 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 53/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 6
How much profit the company makes from its sales and capital
Quality Growth 49
Are margins and returns getting better?
Cashflow 26
Do the profits arrive as real cash?
Financial strength 78
Debt, balance sheet and risk of trouble
Investment 91
Does it invest with discipline instead of growing at any price?
Low Volatility 30
How calm the share price moves, does not count
Price momentum 67
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 48
Distance to the 52-week high, does not count
New shares 100
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, 2 officers or directors sold shares worth $223,516 and none bought.

  • SaleHanlin GaoChief Scientific Officer7× since Nov 24, 2025: 7,798 shares, avg. $22.19$173,058Sep 2, 2026
  • SaleJian XiePresident and COO8× since Nov 19, 2025: 19,686 shares, avg. $25.63$504,570Sep 2, 2026

Plus 17 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.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

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. 6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+13.8%
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.
−19.5%
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.
−5.2%
Start year 2020 (pandemic). Over 10 years: +42.2% a year
Revenue growth 11 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.
+65.3%
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.
68.8% (2020) → −28.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

FLGT screens overvalued: fair value 32% below the price. Compare with Thermo Fisher Scientific Inc →

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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.Diagnostics & Research · 126 stocks

Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 53 · Below median
Fair Value upside −32.3% · Above median
Profitability
Return on assets −5.0% · Below median
Net margin (12 months) −27.5% · Bottom 25%
Operating margin (12 months) −24.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 7.5% · Below median
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Diagnostics & Research median · lower = cheaper

P/B 0.60× · Cheapest 25%
P/S (12 months) 2.01× · Cheaper than median
PEG 1.32× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)38 · sector 39
PAST (return on equity)0 · sector 15
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 33

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Diagnostics & Research stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
WuXi AppTec Co 603259 ¥147.00 ¥164.66 +12% vs FLGT
IQVIA Holdings IQV $271.83 $299.01 +10% vs FLGT
Illumina, Inc ILMN $213.13 $228.80 +7% vs FLGT
Thermo Fisher Scientific Inc TMO $694.76 $686.04 −1% vs FLGT
Danaher Corporation DHR $230.25 $209.18 −9% vs FLGT
IDEXX Laboratories, Inc IDXX $676.04 $496.48 −27% vs FLGT
Mettler-Toledo International Inc MTD $1,722 $650.28 −62% vs FLGT
Agilent Technologies, Inc A $174.76 $64.53 −63% vs FLGT
Lonza Group LONN CHF 663.40 CHF 153.50 −77% vs FLGT
Waters Corporation WAT $457.60 $91.26 −80% vs FLGT

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Fulgent Genetics Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Fulgent Genetics Inc Fair Value". https://www.fairvalue-calculator.com/stock/FLGT

Frequently asked questions

Is Fulgent Genetics Inc (FLGT) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $16.07 versus a price of $23.74, about 32% lower (overvalued).
What is the fair value of FLGT?
Our model-based fair value for Fulgent Genetics Inc is $16.07 (as of Nov 7, 2026), built from audited fundamentals. The current price: $23.74.
What is the quality score of FLGT?
Fulgent Genetics Inc has a Quality Score of 53/100. 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 Fulgent Genetics Inc (FLGT)?
Our model-based price target is the fair value of $16.07 (as of Nov 7, 2026) from 1 valuation models. Cautious scenario $10.61, optimistic scenario $20.09. It is a calculation from audited fundamentals, not an analyst target.
What is the Fulgent Genetics Inc stock forecast for 2026?
Our models put fair value at $16.07, about 32% lower versus a price of $23.74 (overvalued). Cautious scenario $10.61, optimistic scenario $20.09. The calculation is refreshed regularly with new filings.
What is the revenue of Fulgent Genetics Inc (FLGT)?
Fulgent Genetics Inc reported trailing-twelve-month revenue of about $330M (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Fulgent Genetics Inc (FLGT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fulgent Genetics Inc it is $16.07 per share (as of Nov 7, 2026), against a price of $23.74. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Fulgent Genetics Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, FLGT trades above its calculated fair value: price $23.74, fair value $16.07, a gap of about −32% (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 FLGT?
No. The price is what the market pays today ($23.74); the fair value is what the company's own numbers justify ($16.07). For Fulgent Genetics Inc the two are $7.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fulgent Genetics Inc worth?
The market values Fulgent Genetics Inc at about $665M (market capitalisation, as of Nov 7, 2026). Per share that is $23.74; our models calculate a fair value of $16.07 per share.
What do the bullish and bearish scenarios say about FLGT?
Our models span a range for Fulgent Genetics Inc: cautious scenario $10.61, base $16.07, optimistic $20.09 per share (as of Nov 7, 2026, price $23.74). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of FLGT?
The PEG ratio of Fulgent Genetics Inc is 1.32 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Fulgent Genetics Inc (FLGT)?
Balance-sheet figures for Fulgent Genetics Inc (as of Nov 7, 2026): return on equity −8.7%, debt of 0.00 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is FLGT from its 52-week high?
Fulgent Genetics Inc trades at $23.74, about 23% below its 52-week high of $30.85 and 72% above the low of $13.79 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $16.07 is for.
Which stocks are comparable to Fulgent Genetics Inc?
From the same area (Healthcare) we also value Thermo Fisher Scientific Inc, Danaher Corporation, WuXi AppTec Co, Lonza Group, 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 Fulgent Genetics Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $23.74, calculated fair value $16.07 (−32%), Quality Score 53/100, from 1 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 FLGT calculated?
We run Fulgent Genetics Inc through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $16.07 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 13.0% above its aggregate fair value. Fulgent Genetics Inc 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 Fulgent Genetics Inc (FLGT)?
The closing price on Nov 6, 2026 was $23.74. Our model-based fair value is $16.07, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fulgent Genetics Inc right now?
The price sits above even our optimistic bull case ($20.09). 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 (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($10.61 to $20.09) leaves room in how you read the outcome.

Key figures of Fulgent Genetics Inc

How large is the market capitalisation of Fulgent Genetics Inc (FLGT)?
The market capitalisation of Fulgent Genetics Inc is $665M. 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 Fulgent Genetics Inc (FLGT)?
The price-to-sales ratio of Fulgent Genetics Inc is 2.01 (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 Fulgent Genetics Inc (FLGT)?
Earnings per share at Fulgent Genetics Inc are $−3.10. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Fulgent Genetics Inc (FLGT)?
The net margin of Fulgent Genetics Inc is −27.5% (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 Fulgent Genetics Inc (FLGT)?
The return on equity (ROE) of Fulgent Genetics Inc is −8.7% (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 Fulgent Genetics Inc (FLGT)?
On an EBIT basis the return on assets of Fulgent Genetics Inc is −1.7% (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 Fulgent Genetics Inc (FLGT)?
The operating margin of Fulgent Genetics Inc is −24.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fulgent Genetics Inc (FLGT)?
Revenue at Fulgent Genetics Inc is growing +7.5% versus a year earlier (3y avg −19.5%). 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 Fulgent Genetics Inc (FLGT)?
Earnings per share at Fulgent Genetics Inc are growing −98.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fulgent Genetics Inc (FLGT) generate?
The free cash flow of Fulgent Genetics Inc is −$124M (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 Fulgent Genetics Inc (FLGT) hold?
Fulgent Genetics Inc holds more cash than debt, $42.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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