NETGEAR Inc (NTGR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of NETGEAR Inc stock $12.32, price $18.88, that is 34.7% below the price, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $10.43 – $36.01 · fair‑value band $8.13 – $15.40 · the $18.88 price screens above the $12.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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NETGEAR, Inc. provides networking technologies for businesses, homes, and service providers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Enterprise and Consumer.
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It offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.
The company also provides pro AV Solutions, which includes Ethernet switches and WiFi access points; NETGEAR Engage Controller, a software that provides centralized, profile-based configuration, and unified management; NETGEAR Insight Remote Management; Pro Routers; enterprise-grade cloud managed or standalone access points; general purpose ethernet switches; and NETGEAR Exium Security Solutions, a security software that provides on-premises next-generation firewall and cloud-based secure access service edge.
It markets and sells its products through wholesale distributors, traditional and online retailers, direct market resellers, value-added resellers, managed service provider, and broadband service providers, as well as through its direct online store.
NETGEAR, Inc. was incorporated in 1996 and is headquartered in San Jose, California.
Stock analysis
NETGEAR Inc (NTGR) currently trades at $18.88, while our model-based Fair Value estimate is $12.32, 35% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: $8.13 (bear) to $15.40 (bull), the price of $18.88 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 54/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
NETGEAR Inc reported revenue of $693M in FY2025 versus $1.2B in FY2021, a compound −12.2%/yr. Reported net income was −$32.8M in FY2025.
Key figures
Market cap $607M Small · P/S ratio 0.87 · EPS (TTM) $−0.9400 · Net margin −3.7% · Return on equity −5.3% · Return on assets (EBIT) −1.7% (5-year average) · Operating margin −4.4% · Revenue (TTM) $694M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (medium confidence).
What moves the price
The share trades about 36% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −35%, NTGR screens cheaper than that median.
Fair Value models
Bear$8.13Fair Value $12.32Bull$15.40
Price $18.88 · Downside -34.7%
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.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.
In the last 6 months, 4 officers or directors sold shares worth $313,909 and none bought.
SalePramod BadjatePresident & GM, NFB4× since Nov 19, 2025: 13,000 shares, avg. $23.80$309,350Jul 31, 202610b5-1 plan
SaleLaura DurrDirector3,000 shares at $26.21$78,640Jun 2, 202610b5-1 plan
SaleShravan GoliDirector3,381 shares at $26.89$90,901Jun 1, 202610b5-1 plan
SaleSarah ButterfassDirector2,704 shares at $26.90$72,738Jun 1, 202610b5-1 plan
Plus 14 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.
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.6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.9%
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.
−9.4%
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.
−11.2%
Start year 2020 (pandemic). Over 10 years: −6.1% a year
Revenue growth 24 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.
+5.5%
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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.
6.0% (2020) → −5.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Communication Equipment · 303 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−34.7% · Above median
Profitability
Return on assets−3.9% · Bottom 25%
Net margin (12 months)−3.7% · Bottom 25%
Operating margin (12 months)−4.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−1.2% · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/B1.22× · Cheaper than median
P/S (12 months)0.87× · Cheapest 25%
PEG0.74× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 57
PAST (return on equity)0· sector 21
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 24
VALUE 0: the price sits above our fair-value range.
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.
Cite: Fair Value Calculator (2026). "NETGEAR Inc Fair Value". https://www.fairvalue-calculator.com/stock/NTGR
Frequently asked questions
Is NETGEAR Inc (NTGR) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $12.32 versus a price of $18.88, about 35% lower (overvalued).
What is the fair value of NTGR?
Our model-based fair value for NETGEAR Inc is $12.32 (as of Nov 5, 2026), built from audited fundamentals. The current price: $18.88.
What is the quality score of NTGR?
NETGEAR Inc has a Quality Score of 54/100. 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 NETGEAR Inc (NTGR)?
Our model-based price target is the fair value of $12.32 (as of Nov 5, 2026) from 1 valuation models. Cautious scenario $8.13, optimistic scenario $15.40. It is a calculation from audited fundamentals, not an analyst target.
What is the NETGEAR Inc stock forecast for 2026?
Our models put fair value at $12.32, about 35% lower versus a price of $18.88 (overvalued). Cautious scenario $8.13, optimistic scenario $15.40. The calculation is refreshed regularly with new filings.
What is the revenue of NETGEAR Inc (NTGR)?
NETGEAR Inc reported trailing-twelve-month revenue of about $694M (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of NETGEAR Inc (NTGR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NETGEAR Inc it is $12.32 per share (as of Nov 5, 2026), against a price of $18.88. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is NETGEAR Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, NTGR trades above its calculated fair value: price $18.88, fair value $12.32, a gap of about −35% (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 NTGR?
No. The price is what the market pays today ($18.88); the fair value is what the company's own numbers justify ($12.32). For NETGEAR Inc the two are $6.56 per share apart. That gap is exactly why we show both numbers side by side.
How much is NETGEAR Inc worth?
The market values NETGEAR Inc at about $607M (market capitalisation, as of Nov 5, 2026). Per share that is $18.88; our models calculate a fair value of $12.32 per share.
What do the bullish and bearish scenarios say about NTGR?
Our models span a range for NETGEAR Inc: cautious scenario $8.13, base $12.32, optimistic $15.40 per share (as of Nov 5, 2026, price $18.88). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of NTGR?
The PEG ratio of NETGEAR Inc is 0.74 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of NETGEAR Inc (NTGR)?
Balance-sheet figures for NETGEAR Inc (as of Nov 5, 2026): return on equity −5.3%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is NTGR from its 52-week high?
NETGEAR Inc trades at $18.88, about 36% below its 52-week high of $29.73 and at the low of $18.88 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $12.32 is for.
Which stocks are comparable to NETGEAR Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 NETGEAR Inc stock attractive at the current price?
The data as of Nov 5, 2026: price $18.88, calculated fair value $12.32 (−35%), Quality Score 54/100, from 1 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 NTGR calculated?
We run NETGEAR Inc through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $12.32 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 13.3% above its aggregate fair value. NETGEAR 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 NETGEAR Inc (NTGR)?
The closing price on Nov 6, 2026 was $18.88. Our model-based fair value is $12.32, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NETGEAR Inc right now?
The price sits above even our optimistic bull case ($15.40). 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 (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($8.13 to $15.40) leaves room in how you read the outcome.
Key figures of NETGEAR Inc
How large is the market capitalisation of NETGEAR Inc (NTGR)?
The market capitalisation of NETGEAR Inc is $607M. 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 NETGEAR Inc (NTGR)?
The price-to-sales ratio of NETGEAR Inc is 0.87 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NETGEAR Inc (NTGR)?
Earnings per share at NETGEAR Inc are $−0.9400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NETGEAR Inc (NTGR)?
The net margin of NETGEAR Inc is −3.7% (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 NETGEAR Inc (NTGR)?
The return on equity (ROE) of NETGEAR Inc is −5.3% (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 NETGEAR Inc (NTGR)?
On an EBIT basis the return on assets of NETGEAR Inc is −1.7% (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 NETGEAR Inc (NTGR)?
The operating margin of NETGEAR Inc is −4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NETGEAR Inc (NTGR)?
Revenue at NETGEAR Inc is growing −1.2% versus a year earlier (3y avg −9.4%). 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 NETGEAR Inc (NTGR)?
Earnings per share at NETGEAR Inc are growing −68.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does NETGEAR Inc (NTGR) generate?
The free cash flow of NETGEAR Inc is −$18.9M (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 NETGEAR Inc (NTGR) hold?
NETGEAR Inc holds more cash than debt, $159M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 5, 2026
