ITEX Corp (ITEX) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of ITEX Corp $6.20, price $3.10, upside +100.0%, quality 68 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 Sep 23, 2026.
How to read this chart
60‑month range $0.9003 – $3.56 · fair‑value band $4.65 – $7.76 · the $3.10 price screens below the $6.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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ITEX Corporation operates a marketplace in which products and services are exchanged by marketplace members without exchanging cash in the United States. It also administers the marketplace, as well as provides record-keeping and payment. The company services its member businesses through its franchise network and independent licensed brokers.
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ITEX Corporation operates a marketplace in which products and services are exchanged by marketplace members without exchanging cash in the United States. It also administers the marketplace, as well as provides record-keeping and payment. The company services its member businesses through its franchise network and independent licensed brokers. ITEX Corporation was incorporated in 1985 and is headquartered in Bellevue, Washington.
Stock analysis
ITEX Corp (ITEX) currently trades at $3.10, while our model-based Fair Value estimate is $6.20, implying the stock looks roughly 50.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $7.95 per share, and 7 of the 9 models we run sit above the $3.10 price.
Bear case: the Asset-Based group reads lowest at $2.41, and 2 of the 9 models stay below the price. Evidence for this calculation is medium.
Scenario range: $4.65 (bear) to $7.76 (bull), the price of $3.10 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 68/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
ITEX Corp reported revenue of $5.4M in FY2025 versus $6.9M in FY2021, a compound −5.7%/yr. Reported net income was $504K in FY2025, compounding −11.0%/yr from FY2021.
Key figures
Market cap $4.8M · P/E ratio 9.7 · P/S ratio 0.90 · EPS (TTM) $0.3200 · Net margin 9.3% · Return on equity 7.7% · Return on assets (EBIT) 9.0% · Operating margin 12.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 57% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at 100%, ITEX screens cheaper than that median.
Fair Value models
Bear $4.65Fair Value $6.20Bull $7.76
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.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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−11.2%
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.
−6.6%
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.
−7.1%
Start year 2020 (pandemic). Over 10 years: −7.6% a year
Revenue growth 25 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.
−3.6%
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What shareholders gained per year (last 5 years) ⓘ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.
−8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.7%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.12% → 8%
⚠ Revenue per share shrinking 4.1%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
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.Capital Markets · 460 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+100% · Top 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets4% · Above median
Net margin (TTM)9% · Below median
Operating margin (TTM)13% · Below median
Growth and dividend
Revenue growth−8% · Bottom 25%
Dividend yield (TTM)29.5% · Top 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
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). "ITEX Corp Fair Value". https://www.fairvalue-calculator.com/stock/ITEX
Frequently asked questions
Is ITEX Corp (ITEX) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $6.20 versus a price of $3.10, about +100% upside (undervalued).
What is the fair value of ITEX?
Our model-based fair value for ITEX Corp is $6.20 (as of Sep 23, 2026), built from audited fundamentals. The current price: $3.10.
What is the quality score of ITEX?
ITEX Corp has a Quality Score of 68/100. 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 ITEX Corp (ITEX)?
Our model-based price target is the fair value of $6.20 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario $4.65, optimistic scenario $7.76. It is a calculation from audited fundamentals, not an analyst target.
What is the ITEX Corp stock forecast for 2026?
Our models put fair value at $6.20, about +100% upside versus a price of $3.10 (undervalued). Cautious scenario $4.65, optimistic scenario $7.76. The calculation is refreshed regularly with new filings.
What is the revenue of ITEX Corp (ITEX)?
ITEX Corp reported trailing-twelve-month revenue of about $5.4M (latest available figure, as of Sep 23, 2026).
What growth is priced into ITEX Corp (ITEX)?
For today's price to be fair in a discounted-cash-flow model, ITEX Corp would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.1 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of ITEX use?
Our models discount ITEX Corp at 8.5 %: a base by market capitalisation (nano), damped by beta 0.26, 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 ITEX Corp that is less than minus 40 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has ITEX Corp (ITEX) delivered so far?
Over the past 5 years revenue at ITEX Corp grew -7.1 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a 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 ITEX Corp (ITEX) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into ITEX Corp (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ITEX Corp (ITEX)?
The free-cash-flow yield on the price is 14.39 %: that much free cash flow ITEX Corp produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ITEX Corp (ITEX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ITEX Corp it is $6.20 per share (as of Sep 23, 2026), against a price of $3.10. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is ITEX Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ITEX trades below its calculated fair value: price $3.10, fair value $6.20, a gap of about +100% (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 ITEX?
No. The price is what the market pays today ($3.10); the fair value is what the company's own numbers justify ($6.20). For ITEX Corp the two are $3.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is ITEX Corp worth?
The market values ITEX Corp at about $4.8M (market capitalisation, as of Sep 23, 2026). Per share that is $3.10; our models calculate a fair value of $6.20 per share.
What do the bullish and bearish scenarios say about ITEX?
Our models span a range for ITEX Corp: cautious scenario $4.65, base $6.20, optimistic $7.76 per share (as of Sep 23, 2026, price $3.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ITEX?
ITEX Corp trades at a price-to-earnings ratio of 9.7 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $6.20 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.9.
How solid is the balance sheet of ITEX Corp (ITEX)?
Balance-sheet figures for ITEX Corp (as of Sep 23, 2026): return on equity 7.7%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is ITEX from its 52-week high?
ITEX Corp trades at $3.10, about 5% below its 52-week high of $3.25 and 57% above the low of $1.97 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $6.20 is for.
Which stocks are comparable to ITEX Corp?
From the same area (Financial Services) we also value The Goldman Sachs Group, Morgan Stanley, a financial holding company,, The Charles Schwab Corporation, Interactive Brokers 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 ITEX Corp stock attractive at the current price?
The data as of Sep 23, 2026: price $3.10, calculated fair value $6.20 (+100%), Quality Score 68/100, from 9 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 ITEX calculated?
We run ITEX Corp through 9 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 $6.20, 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. ITEX Corp currently trades 100 % 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 ITEX Corp (ITEX)?
The closing price on Sep 23, 2026 was $3.10. Our model-based fair value is $6.20, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ITEX Corp right now?
The price is below even our cautious bear case ($4.65). The market is more pessimistic than our downside scenario. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of ITEX Corp
How large is the market capitalisation of ITEX Corp (ITEX)?
The market capitalisation of ITEX Corp is $4.8M. 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 ITEX Corp (ITEX)?
The price-to-sales ratio of ITEX Corp is 0.90 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ITEX Corp (ITEX)?
Earnings per share at ITEX Corp are $0.3200 (price ÷ EPS = P/E 9.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ITEX Corp (ITEX)?
The net margin of ITEX Corp is 9.3% (fiscal year 2025). 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 ITEX Corp (ITEX)?
The return on equity (ROE) of ITEX Corp is 7.7% (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 ITEX Corp (ITEX)?
On an EBIT basis the return on assets of ITEX Corp is 9.0% (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 ITEX Corp (ITEX)?
The operating margin of ITEX Corp is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ITEX Corp (ITEX)?
Revenue at ITEX Corp is growing −7.8% versus a year earlier (3y avg −6.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does ITEX Corp (ITEX) hold?
ITEX Corp holds more cash than debt, $4.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Sep 23, 2026