NCR Atleos Corporation (NATL) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of NCR Atleos Corporation $45.78, price $45.77, upside +0.0%, quality 55 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 24, 2026.
How to read this chart
35‑month range $18.90 – $48.13 · fair‑value band $28.27 – $59.51 · the $45.77 price screens below the $45.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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NCR Atleos Corporation, a financial technology company, engages in the provision of self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
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NCR Atleos Corporation, a financial technology company, engages in the provision of self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Self-Service Banking; Network; and Telecommunications & Technology (T&T). It offers solutions, including a line of automated teller machine (ATM) hardware and software, as well as elated installation, maintenance, and managed and professional services; and ATM as a service to manage and run for financial institutions that include back office, cash management, software management, and ATM deployment. The company also provides network of ATMs and multi-functioning financial services kiosks for financial institutions, financial technology companies, neobanks, and retailers; Allpoint network which provides cash withdrawal and deposit access to credit unions, banks, digital banks, fintechs, stored-value debit card issuers, and other consumer financial services providers; and ATM branding solutions to financial institutions, ATM management and services to retailers and other businesses, and LibertyX solution which gives consumers the ability to buy and sell Bitcoin. In addition, it offers managed network and infrastructure services to enterprise clients across various industries through communications service providers and technology manufacturers; and professional, field, and remote services for modern network technologies, including software-defined wide area networking, network functions virtualization, wireless local area networks, optical networking, and edge networks. NCR Atleos Corporation was founded in 1884 and is headquartered in Atlanta, Georgia.
Stock analysis
NCR Atleos Corporation (NATL) currently trades at $45.77, while our model-based Fair Value estimate is $45.78, implying the stock looks roughly 0.0% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $129.92 per share, and 19 of the 24 models we run sit above the $45.77 price.
Bear case: the Economic Profit group reads lowest at $24.94, and 5 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $28.27 (bear) to $59.51 (bull), the price of $45.77 sits inside 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 55/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
NCR Atleos Corporation reported revenue of $4.4B in FY2025 versus $3.5B in FY2021, a compound +5.2%/yr. Reported net income was $162M in FY2025, compounding −3.4%/yr from FY2021.
Key figures
Market cap $3.5B · P/E ratio 20.3 · P/S ratio 0.76 · EPS (TTM) $2.25 · Net margin 3.7% · Return on equity 50.7% · Return on assets (EBIT) 6.1% · Operating margin 9.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at 0%, NATL screens cheaper than that median.
Fair Value models
Bear $28.27Fair Value $45.78Bull $59.51
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($1.65 per share) are deliberately not added.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.68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.9%
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.
+1.8%
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.
+7.8%
Start year 2020 (pandemic). Over 10 years: +21.4% a year
Revenue growth 19 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.
+36.4%
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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. Basis: adjusted.
−9.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.8%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−5% vs 10%, slowing
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.7% → 11%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
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).
+10.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +7.8% a year for the price and +1.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
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.Software - Application · 710 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+0% · Above median
Profitability
Return on equity (TTM)51% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)4% · Above median
Operating margin (TTM)9% · Above median
Growth and dividend
Revenue growth7% · Below median
Balance sheet
Debt / equity6.63× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (TTM)20.3× · Cheaper than median
P/B8.59× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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.
Is NCR Atleos Corporation (NATL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $45.78 versus a price of $45.77, about +0% upside (fairly valued).
What is the fair value of NATL?
Our model-based fair value for NCR Atleos Corporation is $45.78 (as of Sep 24, 2026), built from audited fundamentals. The current price: $45.77.
What is the quality score of NATL?
NCR Atleos Corporation has a Quality Score of 55/100. 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 NCR Atleos Corporation (NATL)?
Our model-based price target is the fair value of $45.78 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $28.27, optimistic scenario $59.51. It is a calculation from audited fundamentals, not an analyst target.
What is the NCR Atleos Corporation stock forecast for 2026?
Our models put fair value at $45.78, about +0% upside versus a price of $45.77 (fairly valued). Cautious scenario $28.27, optimistic scenario $59.51. The calculation is refreshed regularly with new filings.
What is the revenue of NCR Atleos Corporation (NATL)?
NCR Atleos Corporation reported trailing-twelve-month revenue of about $4.4B (latest available figure, as of Sep 24, 2026).
What growth is priced into NCR Atleos Corporation (NATL)?
For today's price to be fair in a discounted-cash-flow model, NCR Atleos Corporation would have to grow free cash flow by +10.4 % per year for five years (discount rate 8.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NATL use?
Our models discount NCR Atleos Corporation at 8.8 %: a base by market capitalisation (mid), damped by beta 0.60, 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 NCR Atleos Corporation that is +10.4 % per year a year over ten years, using the same discount rate (8.8 %) and the same formula as our fair value.
How much growth has NCR Atleos Corporation (NATL) delivered so far?
Over the past 5 years revenue at NCR Atleos Corporation grew +7.8 % a year. The price currently implies +10.4 % 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 NCR Atleos Corporation (NATL) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into NCR Atleos Corporation (+10.4 % 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 NCR Atleos Corporation (NATL)?
The free-cash-flow yield on the price is 6.91 %: that much free cash flow NCR Atleos Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NCR Atleos Corporation (NATL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NCR Atleos Corporation it is $45.78 per share (as of Sep 24, 2026), against a price of $45.77. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is NCR Atleos Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NATL trades below its calculated fair value: price $45.77, fair value $45.78, a gap of about +0% (fairly valued). 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 NATL?
No. The price is what the market pays today ($45.77); the fair value is what the company's own numbers justify ($45.78). For NCR Atleos Corporation the two are $0.0090 per share apart. That gap is exactly why we show both numbers side by side.
How much is NCR Atleos Corporation worth?
The market values NCR Atleos Corporation at about $3.5B (market capitalisation, as of Sep 24, 2026). Per share that is $45.77; our models calculate a fair value of $45.78 per share.
What do the bullish and bearish scenarios say about NATL?
Our models span a range for NCR Atleos Corporation: cautious scenario $28.27, base $45.78, optimistic $59.51 per share (as of Sep 24, 2026, price $45.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NATL?
NCR Atleos Corporation trades at a price-to-earnings ratio of 20.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $45.78 is built from several models across several years. Other multiples: P/B 8.6, P/S 0.8, EV/EBITDA 7.0.
How solid is the balance sheet of NCR Atleos Corporation (NATL)?
Balance-sheet figures for NCR Atleos Corporation (as of Sep 24, 2026): return on equity 50.7%, debt of 6.63 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is NATL from its 52-week high?
NCR Atleos Corporation trades at $45.77, about 5% below its 52-week high of $48.13 and 34% above the low of $34.13 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $45.78 is for.
Which stocks are comparable to NCR Atleos Corporation?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, Inc, 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 NCR Atleos Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price $45.77, calculated fair value $45.78 (+0%), Quality Score 55/100, from 24 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 NATL calculated?
We run NCR Atleos Corporation through 24 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 $45.78, 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 14.1 % above its aggregate fair value. NCR Atleos Corporation 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 NCR Atleos Corporation (NATL)?
The closing price on Sep 23, 2026 was $45.77. Our model-based fair value is $45.78, about +0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NCR Atleos Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($28.27 to $59.51) leaves room in how you read the outcome.
Where does the earnings growth of NCR Atleos Corporation (NATL) come from?
Earnings per share at NCR Atleos Corporation grew +7.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.5 %, EBIT margin +12.8 %, tax rate −0.5 %, residual (interest, one-offs) −9.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of NCR Atleos Corporation
How large is the market capitalisation of NCR Atleos Corporation (NATL)?
The market capitalisation of NCR Atleos Corporation is $3.5B. 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 NCR Atleos Corporation (NATL)?
The price-to-sales ratio of NCR Atleos Corporation is 0.76 (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 NCR Atleos Corporation (NATL)?
Earnings per share at NCR Atleos Corporation are $2.25 (price ÷ EPS = P/E 20.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NCR Atleos Corporation (NATL)?
The net margin of NCR Atleos Corporation is 3.7% (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 NCR Atleos Corporation (NATL)?
The return on equity (ROE) of NCR Atleos Corporation is 50.7% (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 NCR Atleos Corporation (NATL)?
On an EBIT basis the return on assets of NCR Atleos Corporation is 6.1% (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 NCR Atleos Corporation (NATL)?
The operating margin of NCR Atleos Corporation is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NCR Atleos Corporation (NATL)?
Revenue at NCR Atleos Corporation is growing +6.5% versus a year earlier (3y avg +1.8%). 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 NCR Atleos Corporation (NATL)?
Earnings per share at NCR Atleos Corporation are growing +52.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does NCR Atleos Corporation (NATL) hold?
NCR Atleos Corporation holds more cash than debt, $231M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Sep 24, 2026