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Neonode Inc (NEON) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Neonode Inc stock $0.49, price $0.70, that is 30.1% below the price, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.

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Technology US · Based in Sweden · ISIN US64051M7092

NI Neonode Inc logo Thin data Nov 10, 2026

Neonode Inc

NEON · US
Expensive, in a downtrend

Our calculation puts a fair price 30% below what the stock costs today.

Low debt
Ranks above peers (7/10)
Costs just 1.5 times its yearly profit.
Quality 56/100
Mixed Growth (revenue 5y −14.1 %/yr in USD)
Wide moat 90/100 · thin data
Changed on Nov 9: $1.13 → $0.4902
Fair value $0.4902 · Overvalued
Negative free cash flow
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$29.30 $0.6000 Fair Value $0.4902 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range $0.6000 – $29.30 · fair‑value band $0.3679 – $0.6135 · the $0.7010 price screens above the $0.4902 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 6 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 10, 2026.

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Company profile

Neonode Inc., together with its subsidiaries, provides software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers in the United States, Japan, South Korea, Germany, Sweden, China, and internationally.

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It also offers optical sensing solutions for contactless touch, touch, and gesture sensing.

In addition, the company licenses its zForce technology to original equipment manufacturers and automotive Tier 1 suppliers, as well as provides non-recurring engineering services related to application development. Further, it provides machine perception solutions.

The company serves office equipment, automotive, industrial automation, medical, military, and avionics markets. Neonode Inc. was founded in 1997 and is headquartered in Stockholm, Sweden.

Stock analysis

Neonode Inc (NEON) currently trades at $0.7010, while our model-based Fair Value estimate is $0.4902, 30% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $4.81 per share, and 7 of the 8 models we run sit above the $0.7010 price.

Bear case: the Asset-Based group reads lowest at $1.44, and 1 of the 8 models stay below the price. Data coverage for this calculation is low.

Scenario range: $0.3679 (bear) to $0.6135 (bull), the price of $0.7010 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 56/100 (solid quality), in the Technology sector.

Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.

Neonode Inc reported revenue of $2.1M in FY2025 versus $5.8M in FY2021, a compound −22.9%/yr. Reported net income was $8.5M in FY2025.

Key figures

Market cap $11.8M Micro · P/E ratio 1.5 · P/S ratio 6.14 · EPS (TTM) $0.4700 · Return on equity 46.8% · Return on assets (EBIT) −30.3% (5-year average) · Operating margin −487% · Revenue (TTM) $2.0M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 90 out of 100 (low confidence).

What moves the price

The share trades about 72% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at −30%, NEON screens richer than that median.

Fair Value models

Bear $0.3679 Fair Value $0.4902 Bull $0.6135
Price $0.7010 · Downside -30.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.4069 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. 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. Coverage ⓘCoverage = 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.
Best data coverage
Owner Earnings $5.63 $6.81 $8.75 78
Residual Income $2.30 $2.67 $3.66 71
Graham-Dodd $3.44 $4.21 $4.73 67
All 8 models by family
DCF Models
Owner Earnings $5.63 $6.81 $8.75 78
Earnings-Based
Graham-Dodd $3.44 $4.21 $4.73 67
Multiples
P/E Multiple $10.63 $14.17 $17.71 63
P/S Multiple $0.5100 $0.6800 $0.8400 58
P/B Multiple $3.61 $4.81 $6.02 55
Asset-Based
NCAV (Graham) $0.9500 $1.44 $1.79 55
Economic Profit
Residual Income $2.30 $2.67 $3.66 71
Growth Earnings
Growth-Adj P/E $7.43 $10.62 $13.80 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 56/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 62
How much profit the company makes from its sales and capital
Quality Growth 41
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 73
Debt, balance sheet and risk of trouble
Investment 68
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 8
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 66
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
−18.9%
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.
−14.1%
Revenue growth 39 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.
−1.6%
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.
−103.5% (2020) → −391.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed

NEON screens overvalued: fair value 30% below the price. Compare with Amphenol Corporation →

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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.Electronic Components · 690 stocks

Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside −30.1% · Below median
Profitability
Return on equity (12 months) 46.8% · Top 25%
Return on assets 31.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) −20.4% · Bottom 25%
Balance sheet
Debt / equity 0.07× · Below median

Valuation Multiplesvs Electronic Components median · lower = cheaper

P/E (12 months) 1.5× · Cheapest 25%
P/B 0.48× · Cheapest 25%
P/S (12 months) 5.76× · Priciest 25%
PEG 0.37× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 71
PAST (return on equity)100 · sector 26
HEALTH (low debt)97 · sector 95
DIVIDEND (yield)0 · sector 24

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

Context: sector, industry, market

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

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Hon Hai Precision Industry Co 2317 242.00 TWD 292.29 TWD +21% vs NEON
TE Connectivity plc TEL $219.41 $224.30 +2% vs NEON
Asia Vital Components Co 3017 3,040 TWD 2,737 TWD −10% vs NEON
Amphenol Corporation APH $79.31 $70.91 −11% vs NEON
Shengyi Technology Co 600183 ¥76.88 ¥66.42 −14% vs NEON
Nan Ya Plastics Corporation 1303 313.00 TWD 243.40 TWD −22% vs NEON
Delta Electronics, Inc 2308 1,295 TWD 519.57 TWD −60% vs NEON
Luxshare Precision Industry Co 002475 ¥51.67 ¥18.44 −64% vs NEON
Corning Incorporated GLW $120.46 $33.72 −72% vs NEON
Samsung Electro-Mechanics Co 009150 923,000 KRW 171,572 KRW −81% vs NEON

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Neonode Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Neonode Inc Fair Value". https://www.fairvalue-calculator.com/stock/NEON

Frequently asked questions

Is Neonode Inc (NEON) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of $0.4902 versus a price of $0.7010, about 30% lower (overvalued).
What is the fair value of NEON?
Our model-based fair value for Neonode Inc is $0.4902 (as of Nov 10, 2026), built from audited fundamentals. The current price: $0.7010.
What is the quality score of NEON?
Neonode Inc has a Quality Score of 56/100. 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 Neonode Inc (NEON)?
Our model-based price target is the fair value of $0.4902 (as of Nov 10, 2026) from 8 valuation models. Cautious scenario $0.3679, optimistic scenario $0.6135. It is a calculation from audited fundamentals, not an analyst target.
What is the Neonode Inc stock forecast for 2026?
Our models put fair value at $0.4902, about 30% lower versus a price of $0.7010 (overvalued). Cautious scenario $0.3679, optimistic scenario $0.6135. The calculation is refreshed regularly with new filings.
What is the revenue of Neonode Inc (NEON)?
Neonode Inc reported trailing-twelve-month revenue of about $2.0M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Neonode Inc (NEON)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Neonode Inc it is $0.4902 per share (as of Nov 10, 2026), against a price of $0.7010. It is the blended result of 8 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Neonode Inc stock overvalued or undervalued in 2026?
As of Nov 10, 2026, NEON trades above its calculated fair value: price $0.7010, fair value $0.4902, a gap of about −30% (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 NEON?
No. The price is what the market pays today ($0.7010); the fair value is what the company's own numbers justify ($0.4902). For Neonode Inc the two are $0.2108 per share apart. That gap is exactly why we show both numbers side by side.
How much is Neonode Inc worth?
The market values Neonode Inc at about $11.8M (market capitalisation, as of Nov 10, 2026). Per share that is $0.7010; our models calculate a fair value of $0.4902 per share.
What do the bullish and bearish scenarios say about NEON?
Our models span a range for Neonode Inc: cautious scenario $0.3679, base $0.4902, optimistic $0.6135 per share (as of Nov 10, 2026, price $0.7010). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NEON?
Neonode Inc trades at a price-to-earnings ratio of 1.5 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.4902 is built from several models across several years. Other multiples: PEG 0.4, P/B 0.5, P/S 5.8.
What is the PEG ratio of NEON?
The PEG ratio of Neonode Inc is 0.37 (P/E divided by earnings growth, as of Nov 10, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Neonode Inc (NEON)?
Balance-sheet figures for Neonode Inc (as of Nov 10, 2026): return on equity 46.8%, debt of 0.07 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is NEON from its 52-week high?
Neonode Inc trades at $0.7010, about 72% below its 52-week high of $2.46 and 17% above the low of $0.6000 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of $0.4902 is for.
Which stocks are comparable to Neonode Inc?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 Neonode Inc stock attractive at the current price?
The data as of Nov 10, 2026: price $0.7010, calculated fair value $0.4902 (−30%), Quality Score 56/100, from 8 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 NEON calculated?
We run Neonode Inc through 8 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $0.4902 builds on their evidence-weighted average, 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 14.0% above its aggregate fair value. Neonode Inc 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 Neonode Inc (NEON)?
The closing price on Nov 11, 2026 was $0.7010. Our model-based fair value is $0.4902, about 30% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Neonode Inc right now?
The price sits above even our optimistic bull case ($0.6135). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Neonode Inc

How large is the market capitalisation of Neonode Inc (NEON)?
The market capitalisation of Neonode Inc is $11.8M. 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 Neonode Inc (NEON)?
The price-to-sales ratio of Neonode Inc is 6.14 (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 Neonode Inc (NEON)?
Earnings per share at Neonode Inc are $0.4700 (price ÷ EPS = P/E 1.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Neonode Inc (NEON)?
The return on equity (ROE) of Neonode Inc is 46.8% (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 Neonode Inc (NEON)?
On an EBIT basis the return on assets of Neonode Inc is −30.3% (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 Neonode Inc (NEON)?
The operating margin of Neonode Inc is −487% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Neonode Inc (NEON)?
Revenue at Neonode Inc is growing −20.4% versus a year earlier (3y avg −18.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Neonode Inc (NEON) generate?
The free cash flow of Neonode Inc is −$10.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Neonode Inc (NEON) hold?
Neonode Inc holds more cash than debt, $25.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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