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

As of Sep 25, 2026: fair value of Neonode Inc $1.10, price $0.92, upside +19.2%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Technology · US · ISIN US64051M7092

NI Neonode Inc logo Thin data Sep 27, 2026

Neonode Inc

NEON · US

UndervaluedThe stock appears undervalued with acceptable quality.

✓Fair value $1.10 · Undervalued (+19.2%)
!Quality 53/100
!Weak Growth (revenue 5y −19.2 %/yr)
!Low debt · negative free cash flow
✓Ranks above peers (6/10)
!Moderate moat 58/100
!Evidence only low, so the estimate is less certain
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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 $0.7500 Fair Value $1.10 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range $0.7500 – $29.30 · fair‑value band $0.8224 – $1.37 · the $0.9200 price screens below the $1.10 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. Dashed = 300-day average. As of Sep 27, 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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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. 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 $0.9200, while our model-based Fair Value estimate is $1.10, implying the stock looks roughly 16.1% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of $9.94 per share, and 9 of the 10 models we run sit above the $0.9200 price.

Bear case: the Asset-Based group reads lowest at $0.9900, and 1 of the 10 models stay below the price. Evidence for this calculation is low.

Scenario range: $0.8224 (bear) to $1.37 (bull), the price of $0.9200 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 53/100 (solid quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

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 $15.4M · P/E ratio 2.0 · P/S ratio 8.06 · EPS (TTM) $0.4700 · Net margin 398% · Return on equity 46.8% · Return on assets (EBIT) −30.3% · Operating margin −487%.

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 76% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −64% fair-value upside, at 19%, NEON screens cheaper than that median.

Fair Value models

Bear $0.8224 Fair Value $1.10 Bull $1.37
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 ($0.3477 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. 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.
Highest evidence
Owner Earnings $7.41 $11.18 $17.04 76
Residual Income $2.83 $3.74 $7.01 67
Growth-Adj P/E $6.96 $9.94 $12.93 67
All 10 models by family
DCF Models
Owner Earnings $7.41 $11.18 $17.04 76
Earnings-Based
Graham-Dodd $3.44 $13.06 $17.68 64
Lynch FV $3.17 $4.53 $5.89 61
PEG = 1.0 $3.17 $4.53 $5.89 57
Multiples
P/E Multiple $10.63 $14.17 $17.71 63
P/S Multiple $0.5100 $0.6800 $0.8400 58
P/B Multiple $6.45 $8.60 $10.75 55
Asset-Based
NCAV (Graham) $0.7400 $0.9900 $1.47 54
Economic Profit
Residual Income $2.83 $3.74 $7.01 67
Growth Earnings
Growth-Adj P/E $6.96 $9.94 $12.93 67

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Quality Score breakdown

Overall quality 53/100

Of which business quality 50 · Market factors (momentum, volatility) 18

Profitability 62
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 66
Share count: buybacks or dilution?

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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. 16/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−33.7%
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.
−28.6%
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.
−19.2%
Start year 2020 (pandemic). Over 10 years: −15.5% a year
Revenue growth 40 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.
−2.6%
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

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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 · 650 stocks

Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 53 · Below median
Fair Value upside +19.2% · Top 25%
Profitability
Return on equity (TTM) 46.8% · Top 25%
Return on assets −39.9% · Bottom 25%
Growth and dividend
Revenue growth −20.4% · Bottom 25%
Balance sheet
Debt / equity 0.07× · Below median

Valuation Multiplesvs Electronic Components median · lower = cheaper

P/E (TTM) 2.0× · Cheapest 25%
P/B 0.63× · Cheapest 25%
P/S (TTM) 7.57× · Priciest 25%
PEG 0.37× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)59 · sector 0
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)100 · sector 26
HEALTH (low debt)97 · sector 95
DIVIDEND (yield)0 · sector 25

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.

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Amphenol Corporation APH $84.09 $84.44 +0%
Delta Electronics, Inc 2308 1,910 TWD 519.57 TWD −73%
Corning Incorporated GLW $156.74 $33.52 −79%
Samsung Electro-Mechanics Co 009150 1,507,000 KRW 171,572 KRW −89%
TE Connectivity plc TEL $218.59 $142.45 −35%
Luxshare Precision Industry Co 002475 ¥52.00 ¥18.59 −64%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥185.99 ¥21.19 −89%
Shengyi Technology Co 600183 ¥137.33 ¥66.42 −52%
Celestica Inc CLS $365.44 $106.95 −71%
Asia Vital Components Co 3017 3,555 TWD 2,737 TWD −23%

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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 Sep 27, 2026, our model estimates a fair value of $1.10 versus a price of $0.9200, about +19% upside (undervalued).
What is the fair value of NEON?
Our model-based fair value for Neonode Inc is $1.10 (as of Sep 27, 2026), built from audited fundamentals. The current price: $0.9200.
What is the quality score of NEON?
Neonode Inc has a Quality Score of 53/100. 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 $1.10 (as of Sep 27, 2026) from 10 valuation models. Cautious scenario $0.8224, optimistic scenario $1.37. 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 $1.10, about +19% upside versus a price of $0.9200 (undervalued). Cautious scenario $0.8224, optimistic scenario $1.37. 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 Sep 27, 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 $1.10 per share (as of Sep 27, 2026), against a price of $0.9200. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Neonode Inc stock overvalued or undervalued in 2026?
As of Sep 27, 2026, NEON trades below its calculated fair value: price $0.9200, fair value $1.10, a gap of about +19% (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 NEON?
No. The price is what the market pays today ($0.9200); the fair value is what the company's own numbers justify ($1.10). For Neonode Inc the two are $0.1770 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 $15.4M (market capitalisation, as of Sep 27, 2026). Per share that is $0.9200; our models calculate a fair value of $1.10 per share.
What do the bullish and bearish scenarios say about NEON?
Our models span a range for Neonode Inc: cautious scenario $0.8224, base $1.10, optimistic $1.37 per share (as of Sep 27, 2026, price $0.9200). 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 2.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.10 is built from several models across several years. Other multiples: PEG 0.4, P/B 0.6, P/S 7.6.
What is the PEG ratio of NEON?
The PEG ratio of Neonode Inc is 0.37 (P/E divided by earnings growth, as of Sep 27, 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 Sep 27, 2026): return on equity 46.8%, debt of 0.07 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is NEON from its 52-week high?
Neonode Inc trades at $0.9200, about 76% below its 52-week high of $3.85 and 23% above the low of $0.7500 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $1.10 is for.
Which stocks are comparable to Neonode Inc?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Samsung Electro-Mechanics Co, 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 Sep 27, 2026: price $0.9200, calculated fair value $1.10 (+19%), Quality Score 53/100, from 10 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 10 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 $1.10, 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 16.1 % above its aggregate fair value. Neonode Inc currently trades 19 % 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 Neonode Inc (NEON)?
The closing price on Sep 25, 2026 was $0.9200. Our model-based fair value is $1.10, about +19% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Neonode Inc right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of Neonode Inc

How large is the market capitalisation of Neonode Inc (NEON)?
The market capitalisation of Neonode Inc is $15.4M. 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 8.06 (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 2.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Neonode Inc (NEON)?
The net margin of Neonode Inc is 398% (last twelve months). 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 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 −28.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much 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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