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Liquidity Services, Inc (LQDT) Fair Value & Analysis

Consumer Cyclical · US · Market cap $1.2B

LS Liquidity Services, Inc logo Liquidity Services, Inc LQDT · US
Price$42.06
Fair Value$18.92
Upside-55.0%
Quality74/100
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Healthy Growth
Thin margins · 6.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Moderate moat 53/100
Evidence: High Range $14.19 – $23.65 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from $19.77 to $18.92 (−4.3%) since Jun 24, 2026. Share price +10.9% over the past month.

A solid business, but screening 55% overvalued on our models.

What matters now

  • A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case ($23.65). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

$42.06 $11.65 Fair Value $18.92 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $11.65 – $42.06 · fair‑value band $14.19 – $23.65 · the $42.06 price screens above the $18.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Liquidity Services, Inc (LQDT) currently trades at $42.06, while our model-based Fair Value estimate is $18.92, implying the stock looks roughly 55.0% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Liquidity Services, Inc generated revenue of $480M at a net margin of 6.3%. Revenue grew 3.7% year over year. It earns a return on equity of 14.5%. The balance sheet holds a net cash position of $160M. Fundamentals as of Jul 17, 2026

Our scenario range runs from $14.19 (bear case) to $23.65 (bull case); at $42.06, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 94% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -49% fair-value upside, at -55%, LQDT screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $23.89 $31.60 $41.49 80
Residual Income $5.92 $7.11 $15.75 76
Rev-Margin DCF $18.71 $25.24 $33.05 74
All 26 models by family
DCF Models
FCF DCF $23.87 $32.93 $45.43 38
Owner Earnings $15.11 $19.83 $26.34 31
5Y Revenue Exit $18.71 $25.07 $33.06 39
5Y EBITDA Exit $20.47 $28.44 $37.70 41
5Y P/E Exit $20.45 $28.41 $36.80 38
10Y Revenue Exit $20.34 $26.42 $34.44 36
10Y EBITDA Exit $21.64 $28.58 $37.75 37
10Y P/E Exit $21.63 $28.56 $37.10 35
Earnings-Based
Graham-Dodd $6.13 $21.32 $28.65 54
Lynch FV $4.95 $7.07 $9.19 50
PEG = 1.0 $4.95 $7.07 $9.19 46
EPV $11.68 $12.51 $13.21 59
Dividend Discount
Gordon GGM $0.1200 $0.2200 $0.3100 70
DDM Multi-Stage $0.1200 $0.2000 $0.2400 61
Multiples
P/E Multiple $14.19 $18.92 $23.65 63
P/S Multiple $11.49 $15.32 $19.15 58
P/B Multiple $11.49 $15.32 $19.15 55
EV/EBIT $19.94 $24.72 $29.50 53
EV/EBITDA $19.82 $24.56 $29.30 54
EV/Revenue $15.83 $20.22 $24.61 43
Asset-Based
NCAV (Graham) $3.26 $4.37 $6.52 50
Growth DCF
Growth DCF $23.89 $31.60 $41.49 80
Rev-Margin DCF $18.71 $25.24 $33.05 74
Economic Profit
Residual Income $5.92 $7.11 $15.75 76
ROIC Compounder $11.90 $12.99 $14.05 72
Growth Earnings
Growth-Adj P/E $12.21 $17.45 $22.68 68

Widest divergence: DCF Models ($28.41) versus Dividend Discount ($0.2000). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $480M
Revenue growth (YoY) +3.7%
Net margin 6.3%
Return on equity 14.5%
Free cash flow $59.0M FY2025
P/E ratio 40.7
More key figures
Operating margin 8.0%
EPS (TTM) $0.9300
EPS growth (YoY) +4.5%
Net cash $160M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 76 · Market factors (momentum, volatility) 79

Profitability 68
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Liquidity Services, Inc. engages in the provision of e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio.

Full company description

Liquidity Services, Inc. engages in the provision of e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its solutions enable government entities and commercial businesses to sell surplus property and real estate assets through GovDeals, Bid4Assets, and Sierra marketplaces. The company also offers a suite of services, including surplus management, asset valuation, asset sales, marketing, returns management, asset recovery, and ecommerce services; and operates Liquidation.com, a marketplace to sell excess, returned, and overstocked consumer goods. In addition, it operates a global search engine platform for listing used equipment for sale in the construction, machine tool, transportation, printing, laboratory/medical, and agriculture sectors. Further, the company provides Machinio System service that offers various software tools, such as website hosting, email marketing, and inventory management to equipment sellers. The company offers products for various industries, such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, real estate, energy equipment, industrial capital assets, heavy equipment, fleet and transportation equipment, and specialty equipment. The company was incorporated in 1999 and is headquartered in Bethesda, Maryland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Liquidity Services, Inc reported revenue of $477M in FY2025 versus $258M in FY2021, a compound +16.6%/yr. Reported net income was $28.1M in FY2025, compounding −13.8%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$477M
Latest YoY
+31.2%
Avg. growth/yr (3Y)
+19.4%
Avg. growth/yr (5Y)
+18.3%
Avg. growth/yr (23Y)
+10.9%
Revenue +16.6%/yr
FY21 $258M
FY22 $280M
FY23 $314M
FY24 $363M
FY25 $477M
Net income −13.8%/yr
FY21 $50.9M
FY22 $40.3M
FY23 $21.0M
FY24 $20.0M
FY25 $28.1M

LQDT screens 55% overvalued. Compare with Amazon.com, Inc →

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Cite: Fair Value Calculator (2026). "Liquidity Services, Inc Fair Value". https://www.fairvalue-calculator.com/stock/LQDT

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Internet Retail · 109 stocks

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.

Quality Score 74 · Top 25%
Fair Value upside −55% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 6% · Top 25%
Operating margin (TTM) 8% · Top 25%
Revenue growth 4% · Below median

Valuation Multiples vs Internet Retail median · lower = cheaper

P/E (TTM) 40.7× · Pricier than 75% of peers
P/B 5.81× · Pricier than 75% of peers
P/S (TTM) 2.46× · Pricier than 75% of peers
P/FCF 20.0× · Pricier than 75% of peers
EV/EBITDA 21.7× · Pricier than 75% of peers
PEG 1.78× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 34
FUTURE 19 · sector 39
PAST 58 · sector 7
HEALTH 100 · sector 94
DIVIDEND 0 · sector 39

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

Insider activity: 42/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Internet Retail stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Amazon.com, Inc AMZN $245.34 $127.67 -48%
Alibaba Group BABA $114.97 $75.75 -34%
PDD Holdings PDD $84.14 $223.51 +166%
MercadoLibre, Inc MELI $1,814 $798.98 -56%
DoorDash, Inc DASH $190.16 $38.64 -80%
Sea Limited SE $106.22 $52.70 -50%
eBay Inc EBAY $117.20 $60.13 -49%
JD.com, Inc JD €25.95 €31.88 +23%
Coupang, Inc CPNG $16.86 $2.79 -83%
Delivery Hero SE DHER €38.18 €12.71 -67%

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Frequently asked questions

Is Liquidity Services, Inc (LQDT) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $18.92 versus a price of $42.06, about −55% (overvalued).
What is the fair value of LQDT?
Our model-based fair value for Liquidity Services, Inc is $18.92 (as of Jul 17, 2026), built from audited fundamentals. The current price is $42.06.
What is the quality score of LQDT?
Liquidity Services, Inc has a Quality Score of 74/100. 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 revenue of Liquidity Services, Inc (LQDT)?
Liquidity Services, Inc reported trailing-twelve-month revenue of about $480M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of LQDT?
The net profit margin of Liquidity Services, Inc is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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