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Norwood Systems Ltd (NOR) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Norwood Systems Ltd stock A$0.02, price A$0.02, that is 3.1% below the price, quality 21 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Communication Services AU · ISIN AU000000NOR1

NS Norwood Systems Ltd logo Thin data Nov 10, 2026

Norwood Systems Ltd

NOR · AU
Low Priority

The stock costs about what our calculation considers fair.

Fair value A$0.0155 · Fairly valued
Mixed Growth (revenue 5y +18.3 %/yr in AUD)
Negative equity (buybacks among others)
Revenue last quarter 25% below a year ago.
Quality 21/100
Loss-making · -36.7% net margin (TTM)
Negative free cash flow
Trails peers (1/8)
Narrow moat 22/100 · thin data
Thin data
Estimate
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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

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Price vs Fair Value

A$0.0530 A$0.0090 Fair Value A$0.0155 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 A$0.0090 – A$0.0530 · fair‑value band A$0.0150 – A$0.0160 · the A$0.0160 price screens above the A$0.0155 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 4 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

Norwood Systems Limited provides mobile voice, messaging, data, and cyber security services to consumers, enterprises, and carriers in New Zealand, Australia, and internationally.

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The company offers OpenSpan, keyword voice activation, live language translation, and inline fraud and scam detection services. It also provides CogVoice application services, such as SOHO and SME answering services; and agentic IVR services, as well as voicemail for telecom operators.

In addition, the company offers World Voicemail, a visual voicemail app; and SecondLine for business and personal communication from multiple numbers on a single phone.

Further, it provides Cognitive Voice platform for communications service provider; and CogVoic call screener, which protects its subscribers from call scammers and spammers. Norwood Systems Limited was founded in 2011 and is based in Nedlands, Australia.

Stock analysis

Norwood Systems Ltd (NOR) currently trades at A$0.0160, while our estimate is A$0.0155, so the stock looks roughly fairly valued today (gap 3.2%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: A$0.0150 (bear) to A$0.0160 (bull), the price of A$0.0160 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 21/100 (below-average quality), in the Communication Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Norwood Systems Ltd reported revenue of A$2.4M in FY2026 versus A$1.2M in FY2022, a compound +18.6%/yr. Reported net income was −A$860K in FY2026.

Key figures

Market cap A$8.7M (≈ $6.0M) Micro · P/S ratio 3.74 · Net margin −35.3% · Return on assets (EBIT) −244% (5-year average) · Operating margin 12.9% · Revenue (TTM) A$2.3M · Revenue growth (YoY) −25.4% · EPS growth (YoY) +31.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).

What moves the price

The share trades about 58% below its 52-week high and 78% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 49% fair-value upside, at −3%, NOR screens richer than that median.

Fair Value

Bear A$0.0150 Fair Value A$0.0155 Bull A$0.0160
Price A$0.0160 · Downside -3.1%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 21/100

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

Profitability 29
How much profit the company makes from its sales and capital
Quality Growth 55
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 11
Debt, balance sheet and risk of trouble
Investment 50
Does it invest with discipline instead of growing at any price?
Low Volatility 39
How calm the share price moves, does not count
Price momentum 71
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 23
Distance to the 52-week high, does not count
New shares 0
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. 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+28.1%
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.
+36.2%
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.
+18.3%
Start year 2021 (pandemic). Over 10 years: +13.3% a year
Revenue growth 26 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.
+11.4%
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.
−159.1% (2021) → −44.1% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
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.Telecom Services · 248 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 21 · Bottom 25%
Fair Value upside −3.1% · Below median
Profitability
Return on equity (12 months) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −48.8% · Bottom 25%
Net margin (12 months) −36.7% · Bottom 25%
Operating margin (12 months) 12.9% · Above median
Growth and dividend
Revenue growth (quarter YoY) −25.4% · Bottom 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Telecom Services median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months) 3.75× · Priciest 25%
PEG 1.76× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)29 · sector 37
FUTURE (revenue growth)0 · sector 21
PAST (return on equity)0 · sector 33
HEALTH (low debt)0 · sector 83
DIVIDEND (yield)0 · sector 73

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Telecom Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Comcast Corporation CMCSA $24.75 $74.25 +200% vs NOR
T-Mobile US, Inc TMUS $169.08 $272.88 +61% vs NOR
AT&T Inc T $21.94 $34.27 +56% vs NOR
China Mobile Limited 0941 HK$81.05 HK$126.41 +56% vs NOR
Verizon Communications Inc VZ $46.31 $69.14 +49% vs NOR
China Telecom Corporation 601728 ¥6.76 ¥8.36 +24% vs NOR
Bharti Airtel Limited BHARTIARTL ₹2,072 ₹1,701 −18% vs NOR
Swisscom AG SCMN CHF 708.00 CHF 505.18 −29% vs NOR
Chunghwa Telecom Co 2412 159.50 TWD 85.34 TWD −47% vs NOR
Singapore Telecommunications Limited Z74 4.09 SGD 2.16 SGD −47% vs NOR

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Norwood Systems Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Norwood Systems Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NOR

Frequently asked questions

Is Norwood Systems Ltd (NOR) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.0155 versus a price of A$0.0160, about 3% lower (fairly valued).
What is the fair value of NOR?
Our estimate for Norwood Systems Ltd is A$0.0155 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.0160.
What is the quality score of NOR?
Norwood Systems Ltd has a Quality Score of 21/100. 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 Norwood Systems Ltd (NOR)?
Our calculated price target is the estimate of A$0.0155 (as of Nov 10, 2026). Cautious scenario A$0.0150, optimistic scenario A$0.0160. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Norwood Systems Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.0155, about 3% lower versus a price of A$0.0160 (fairly valued). Cautious scenario A$0.0150, optimistic scenario A$0.0160. The calculation is refreshed regularly with new filings.
What is the revenue of Norwood Systems Ltd (NOR)?
Norwood Systems Ltd reported trailing-twelve-month revenue of about A$2.3M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Norwood Systems Ltd (NOR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Norwood Systems Ltd it is A$0.0155 per share (as of Nov 10, 2026), against a price of A$0.0160.
Is Norwood Systems Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, NOR trades above its calculated fair value: price A$0.0160, fair value A$0.0155, a gap of about −3% (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 NOR?
No. The price is what the market pays today (A$0.0160); the fair value is what the company's own numbers justify (A$0.0155). For Norwood Systems Ltd the two are A$0.0005 per share apart. That gap is exactly why we show both numbers side by side.
How much is Norwood Systems Ltd worth?
The market values Norwood Systems Ltd at about A$8.7M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0160; our models calculate a fair value of A$0.0155 per share.
What do the bullish and bearish scenarios say about NOR?
Our models span a range for Norwood Systems Ltd: cautious scenario A$0.0150, base A$0.0155, optimistic A$0.0160 per share (as of Nov 10, 2026, price A$0.0160). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of NOR?
The PEG ratio of Norwood Systems Ltd is 1.76 (P/E divided by earnings growth, as of Nov 10, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Norwood Systems Ltd (NOR)?
Balance-sheet figures for Norwood Systems Ltd (as of Nov 10, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 21/100, which measures business quality independently of the share price.
How far is NOR from its 52-week high?
Norwood Systems Ltd trades at A$0.0160, about 58% below its 52-week high of A$0.0380 and 78% above the low of A$0.0090 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0155 is for.
Which stocks are comparable to Norwood Systems Ltd?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 Norwood Systems Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.0160, calculated fair value A$0.0155 (−3%), Quality Score 21/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Norwood Systems Ltd 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 Norwood Systems Ltd (NOR)?
The closing price on Nov 11, 2026 was A$0.0160. Our estimate is A$0.0155, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Norwood Systems Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (A$0.0150 to A$0.0160), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Norwood Systems Ltd

How large is the market capitalisation of Norwood Systems Ltd (NOR)?
The market capitalisation of Norwood Systems Ltd is A$8.7M (≈ $6.0M). 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 Norwood Systems Ltd (NOR)?
The price-to-sales ratio of Norwood Systems Ltd is 3.74 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Norwood Systems Ltd (NOR)?
The net margin of Norwood Systems Ltd is −35.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Norwood Systems Ltd (NOR)?
On an EBIT basis the return on assets of Norwood Systems Ltd is −244% (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 Norwood Systems Ltd (NOR)?
The operating margin of Norwood Systems Ltd is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Norwood Systems Ltd (NOR)?
Revenue at Norwood Systems Ltd is growing −25.4% versus a year earlier (3y avg +36.2%). 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 Norwood Systems Ltd (NOR)?
Earnings per share at Norwood Systems Ltd are growing +31.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Norwood Systems Ltd (NOR) generate?
The free cash flow of Norwood Systems Ltd is −A$230K (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Norwood Systems Ltd (NOR) carry?
The net debt of Norwood Systems Ltd is A$496K (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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