Neogen Corporation (NEOG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Neogen Corporation stock $3.29, price $11.76, that is 72.0% below the price, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
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Neogen Corporation
NEOG · USOur calculation puts a fair price 72% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $4.39 – $46.65 · fair‑value band $1.02 – $6.17 · the $11.76 price screens above the $3.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
Neogen Corporation develops, manufactures, and markets various products and services for food and animal safety in the United States and internationally. It operates through two segments, Food Safety and Animal Safety.
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The Food Safety segment offers diagnostic test kits and complementary products to detect dangerous and unintended substances in human food and animal feed, including foodborne pathogens, spoilage organisms, natural toxins, food allergens, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns, as well as food quality and nutritional components.
It also provides software systems that help testers analyze and store results; natural toxin tests; rapid sanitation tests; culture and prepared media products; filter tests for microbial analysis of water; sample collection products; and food safety analysis laboratory services.
This segment sells its products to the milling and grain, meat and poultry, ready-to-eat, fruits and vegetables, seafood, dairy, beverage, water, healthcare, traditional culture media markets, food service, and dietary supplements markets.
Its Animal Safety segment provides reagents and test kits for use in immunoassay production, forensic and animal toxicology, and life science research, as well as colorimetric and chemiluminescent substrates; veterinary instruments and disposables; animal care and other products, including digestive aids and nutritional supplements; rodent and insect control products, and disinfectants; and genomics services, such as DNA genotyping, sequencing, and trait analysis for livestock and companion animals.
This segment sells its products to companion animal veterinarians; livestock producers, veterinarians, and breed associations; retailers; breeding and genetics companies; diagnostic labs and universities; distributors; and other manufacturers and government agencies.
Neogen Corporation was incorporated in 1981 and is headquartered in Lansing, Michigan.
Stock analysis
Neogen Corporation (NEOG) currently trades at $11.76, while our model-based Fair Value estimate is $3.29, 72% 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 $3.61 per share, and 0 of the 9 models we run sit above the $11.76 price.
Bear case: the Growth DCF group reads lowest at $1.82, and 9 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $1.02 (bear) to $6.17 (bull), the price of $11.76 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 46/100 (below-average quality), in the Healthcare sector.
Mixed Growth: Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Neogen Corporation reported revenue of $870M in FY2026 versus $527M in FY2022, a compound +13.4%/yr. Reported net income was −$7.9M in FY2026.
Key figures
Market cap $2.6B Mid · P/S ratio 3.01 · EPS (TTM) $−0.2600 · Net margin −6.4% · Return on equity −2.7% · Return on assets (EBIT) 1.6% (5-year average) · Operating margin −0.8% · Revenue (TTM) $884M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 117% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −15% fair-value upside, at −72%, NEOG screens richer than that median.
Fair Value models
All 9 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, one officer or director bought shares worth $10,404, on Oct 9, 2026. Over the same period, one person sold shares worth $114,676.
- SaleJeremy YarwoodChief Scientific Officer9,051 shares at $12.67$114,676Nov 4, 2026
- BuyMikheal NassifCEO, Director5× since Jan 16, 2026: 1,084 shares, avg. $11.46$12,421Oct 9, 2026
Plus 27 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
NEOG screens overvalued: fair value 72% below the price. Compare with Abbott Laboratories, →
Earlier news
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Compare Neogen Corporation 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 Devices · 320 stocks
Valuation Multiplesvs Medical Devices median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on assets by industry
- Fair value gap 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 Devices stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Stryker Corporation SYK | $325.87 | $358.46 | +10% | vs NEOG |
| Boston Scientific Corporation BSX | $42.75 | $47.03 | +10% | vs NEOG |
| DexCom, Inc DXCM | $79.41 | $87.35 | +10% | vs NEOG |
| Shenzhen Mindray Bio-Medical Electronics Co 300760 | ¥184.15 | ¥197.22 | +7% | vs NEOG |
| GE HealthCare Technologies Inc GEHC | $82.38 | $69.92 | −15% | vs NEOG |
| Edwards Lifesciences Corporation EW | $102.14 | $81.94 | −20% | vs NEOG |
| Siemens Healthineers AG SHL | €44.66 | €34.95 | −22% | vs NEOG |
| Abbott Laboratories, ABT | $109.93 | $75.28 | −32% | vs NEOG |
| Medtronic plc MDT | $101.80 | $65.61 | −36% | vs NEOG |
| Koninklijke Philips N.V PHIA | €27.33 | €15.23 | −44% | vs NEOG |
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Key figures of Neogen Corporation
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