Harbor Diversified (HRBR) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Harbor Diversified $0.40, price $2.22, upside -82.0%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Oct 2, 2026.
How to read this chart
60‑month range $0.0100 – $3.05 · fair‑value band $0.3400 – $0.5100 · the $2.22 price screens above the $0.4000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Harbor Diversified, Inc. does not have any significant operations. Previously, the company was engaged in providing regional airline services in the United States. Harbor Diversified, Inc. is headquartered in Appleton, Wisconsin.
Stock analysis
Harbor Diversified (HRBR) currently trades at $2.22, while our model-based Fair Value estimate is $0.4000, 82.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $2.09 per share, and 0 of the 4 models we run sit above the $2.22 price.
Bear case: the Dividend Discount group reads lowest at $0.2500, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.3400 (bear) to $0.5100 (bull), the price of $2.22 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 39/100 (below-average quality), in the Industrials sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Harbor Diversified reported revenue of $199M in FY2024 versus $186M in FY2020, a compound +1.7%/yr. Reported net income was −$16.0M in FY2024.
Key figures
Market cap $130M · P/S ratio 0.75 · EPS (TTM) $−0.0100 · Dividend yield 1.5% · Net margin −8.0% · Return on equity −1.3% · Return on assets (EBIT) 4.4% · Operating margin −1,455%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 1% below its 52-week high and 327% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 34% fair-value upside, at −82%, HRBR screens richer than that median.
Fair Value models
Bear $0.3400Fair Value $0.4000Bull $0.5100
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.
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.0/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+0.0%
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.
−7.0%
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.
−5.4%
Revenue growth 27 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.
+32.5%
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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.
−7.9% (2019) → −18.5% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
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.Airlines · 53 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score39 · Below median
Fair Value upside−81.8% · Bottom 25%
Profitability
Return on assets−5.0% · Bottom 25%
Net margin (TTM)−1.7% · Bottom 25%
Growth and dividend
Revenue growth−98.3% · Bottom 25%
Dividend yield (TTM)1.5% · Bottom 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Airlines median · lower = cheaper
P/B0.73× · Cheapest 25%
P/S (TTM)1.05× · Priciest 25%
PEG3.52× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 50
FUTURE (revenue growth)0· sector 73
PAST (return on equity)0· sector 47
HEALTH (low debt)99· sector 67
DIVIDEND (yield)29· sector 49
VALUE 0: the price sits above our fair-value range.
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). "Harbor Diversified Fair Value". https://www.fairvalue-calculator.com/stock/HRBR
Frequently asked questions
Is Harbor Diversified (HRBR) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of $0.4000 versus a price of $2.22, about −82% upside (overvalued).
What is the fair value of HRBR?
Our model-based fair value for Harbor Diversified is $0.4000 (as of Oct 2, 2026), built from audited fundamentals. The current price: $2.22.
What is the quality score of HRBR?
Harbor Diversified has a Quality Score of 39/100. 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 Harbor Diversified (HRBR)?
Our model-based price target is the fair value of $0.4000 (as of Oct 2, 2026) from 4 valuation models. Cautious scenario $0.3400, optimistic scenario $0.5100. It is a calculation from audited fundamentals, not an analyst target.
What is the Harbor Diversified stock forecast for 2026?
Our models put fair value at $0.4000, about −82% upside versus a price of $2.22 (overvalued). Cautious scenario $0.3400, optimistic scenario $0.5100. The calculation is refreshed regularly with new filings.
What is the revenue of Harbor Diversified (HRBR)?
Harbor Diversified reported trailing-twelve-month revenue of about $122M (latest available figure, as of Oct 2, 2026).
Does Harbor Diversified pay a dividend?
Harbor Diversified currently shows a dividend yield of about 1.46% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Harbor Diversified (HRBR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Harbor Diversified it is $0.4000 per share (as of Oct 2, 2026), against a price of $2.22. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Harbor Diversified stock overvalued or undervalued in 2026?
As of Oct 2, 2026, HRBR trades above its calculated fair value: price $2.22, fair value $0.4000, a gap of about −82% (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 HRBR?
No. The price is what the market pays today ($2.22); the fair value is what the company's own numbers justify ($0.4000). For Harbor Diversified the two are $1.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is Harbor Diversified worth?
The market values Harbor Diversified at about $130M (market capitalisation, as of Oct 2, 2026). Per share that is $2.22; our models calculate a fair value of $0.4000 per share.
What do the bullish and bearish scenarios say about HRBR?
Our models span a range for Harbor Diversified: cautious scenario $0.3400, base $0.4000, optimistic $0.5100 per share (as of Oct 2, 2026, price $2.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of HRBR?
The PEG ratio of Harbor Diversified is 3.52 (P/E divided by earnings growth, as of Oct 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Harbor Diversified (HRBR)?
Balance-sheet figures for Harbor Diversified (as of Oct 2, 2026): return on equity −1.3%, debt of 0.02 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is HRBR from its 52-week high?
Harbor Diversified trades at $2.22, about 1% below its 52-week high of $2.25 and 327% above the low of $0.5200 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.4000 is for.
Which stocks are comparable to Harbor Diversified?
From the same area (Industrials) we also value Delta Air Lines, Inc, United Airlines Holdings, Ryanair Holdings, Southwest Airlines Co, 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 Harbor Diversified stock attractive at the current price?
The data as of Oct 2, 2026: price $2.22, calculated fair value $0.4000 (−82%), Quality Score 39/100, from 4 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 HRBR calculated?
We run Harbor Diversified through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.4000, 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 14.5 % above its aggregate fair value. Harbor Diversified 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 Harbor Diversified (HRBR)?
The closing price on Oct 2, 2026 was $2.22. Our model-based fair value is $0.4000, about −82% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Harbor Diversified right now?
The price sits above even our optimistic bull case ($0.5100). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Harbor Diversified
How large is the market capitalisation of Harbor Diversified (HRBR)?
The market capitalisation of Harbor Diversified is $130M. 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 Harbor Diversified (HRBR)?
The price-to-sales ratio of Harbor Diversified is 0.75 (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 Harbor Diversified (HRBR)?
Earnings per share at Harbor Diversified are $−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Harbor Diversified (HRBR)?
The dividend yield of Harbor Diversified is 1.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Harbor Diversified (HRBR)?
The net margin of Harbor Diversified is −8.0% (fiscal year 2024). 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 Harbor Diversified (HRBR)?
The return on equity (ROE) of Harbor Diversified is −1.3% (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 Harbor Diversified (HRBR)?
On an EBIT basis the return on assets of Harbor Diversified is 4.4% (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 Harbor Diversified (HRBR)?
The operating margin of Harbor Diversified is −1,455% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Harbor Diversified (HRBR)?
Revenue at Harbor Diversified is growing −98.3% versus a year earlier (3y avg −7.0%). 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 Harbor Diversified (HRBR)?
Earnings per share at Harbor Diversified are growing −62.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Harbor Diversified (HRBR) generate?
The free cash flow of Harbor Diversified is −$16.5M (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Harbor Diversified (HRBR) hold?
Harbor Diversified holds more cash than debt, $8.6M net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 2, 2026