Harvard Bioscience Inc (HBIO) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Harvard Bioscience Inc stock $11.98, price $8.36, upside +43.3%, quality 42 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Harvard Bioscience Inc
HBIO · USThe stock costs 30% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range $2.84 – $84.70 · fair‑value band $8.55 – $18.81 · the $8.36 price screens below the $11.98 fair value. As of Nov 3, 2026.
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Company profile
Harvard Bioscience, Inc. develops, manufactures, and sells technologies, products, and services for life science applications in the Americas, Europe, the Middle East, Africa, Asia, and internationally.
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The company offers cellular and molecular technology products, such as syringe and peristaltic infusion pump products; electroporation and electrofusion instruments, amino acid analyzers, spectrophotometers, and other equipment for molecular level testing and research; and precision scientific measuring instrumentation and equipment, including data acquisition systems for cellular analysis, complete micro electrode array solutions for in vivo recordings, and in vitro systems for extracellular recordings.
It provides preclinical products that includes platform to assess physiological data from organisms for research, drug discovery, and drug development services comprising implantable and externally worn telemetry systems for use in research to collect cardiovascular, central nervous system, respiratory, and metabolic data; behavioral products; isolated organ and surgical products, instruments and accessories for tissue, and organ-based lab research, including surgical products, infusion systems, and behavior research systems; turn-key respiratory system solutions, including plethysmograph chambers, data acquisition hardware, physiological signal analysis software, and final report generation; inhalation and exposure systems; and GLP-capable data acquisition and analysis systems.
The company markets its products through websites and distributors to research scientists in pharmaceutical and biotechnology companies, universities, hospitals, and government laboratories; and contract research organizations and academic laboratories.
It primarily sells its products under the Harvard Apparatus, Biochrom, BTX, HEKA, KD Scientific, MCS, Warner, DSI, Panlab, Hugo Sachs, and Buxco brands. Harvard Bioscience, Inc. was founded in 1901 and is based in Holliston, Massachusetts.
Stock analysis
Harvard Bioscience Inc (HBIO) currently trades at $8.36, while our model-based Fair Value estimate is $11.98, implying the stock looks roughly 30% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $14.44 per share, and 5 of the 6 models we run sit above the $8.36 price.
Bear case: the Multiples group reads lowest at $8.20, and 1 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: $8.55 (bear) to $18.81 (bull), the price of $8.36 sits below 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 42/100 (below-average quality), in the Healthcare sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Harvard Bioscience Inc reported revenue of $86.6M in FY2025 versus $119M in FY2021, a compound −7.6%/yr. Reported net income was −$56.7M in FY2025.
Key figures
Market cap $37.8M Micro · P/S ratio 0.44 · EPS (TTM) $−2.32 · Net margin −11.9% · Return on equity −90.0% · Return on assets (EBIT) −1.6% (5-year average) · Operating margin −2.9% · Revenue (TTM) $87.8M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 94% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −44% fair-value upside, at 43%, HBIO screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, no officer or director bought or sold shares on the open market.
- BuyWilliam SniderDirector21,000 shares at $4.93$103,604Mar 17, 2026
- BuyStephen J DenelskyDirector10,000 shares at $4.87$48,700Mar 17, 2026
- BuyMark T FrostChief Financial Officer5,000 shares at $5.00$25,000Mar 16, 2026
- BuyJohn D DukeChief Executive Officer, Director5,000 shares at $5.01$25,050Mar 16, 2026
Plus 5 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 Forecast
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Compare Harvard Bioscience Inc 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 Instruments & Supplies · 181 stocks
Valuation Multiplesvs Medical Instruments & Supplies median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- PEG screener for stocks with fair value
- 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 Instruments & Supplies stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Solventum Corporation SOLV | $90.38 | $131.27 | +45% | vs HBIO |
| EssilorLuxottica Société anonyme EL | €193.80 | €196.22 | +1% | vs HBIO |
| Intuitive Surgical, Inc ISRG | $452.80 | $353.90 | −22% | vs HBIO |
| Medline Inc MDLN | $39.64 | $28.59 | −28% | vs HBIO |
| Alcon Inc ALC | CHF 61.30 | CHF 34.06 | −44% | vs HBIO |
| Becton, Dickinson and Company BDX | $211.88 | $97.80 | −54% | vs HBIO |
| Straumann Holding STMN | CHF 104.50 | CHF 45.50 | −56% | vs HBIO |
| West Pharmaceutical Services, Inc WST | $399.81 | $139.22 | −65% | vs HBIO |
| Sartorius Stedim Biotech S.A DIM | €225.80 | €54.82 | −76% | vs HBIO |
| Sartorius Aktiengesellschaft SRT | €227.00 | €42.50 | −81% | vs HBIO |
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Key figures of Harvard Bioscience Inc
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