NETGEAR Inc (NTGR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of NETGEAR Inc $12.48, price $22.24, upside -43.9%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch NETGEAR Inc for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $10.43 – $38.90 · fair‑value band $8.23 – $15.59 · the $22.24 price screens above the $12.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow NETGEAR in your weekly email
Every Wednesday you see whether NETGEAR is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show more
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. 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 $22.24, while our model-based Fair Value estimate is $12.48, implying the stock looks roughly 78.2% overvalued today.
Show more
Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: $8.23 (bear) to $15.59 (bull), the price of $22.24 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 55/100 (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 $642M · P/S ratio 0.89 · EPS (TTM) $−0.8900 · Net margin −4.7% · Return on equity −5.0% · Return on assets (EBIT) −1.7% · Operating margin −5.2% · Revenue (TTM) $696M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 38% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −46% fair-value upside, at −44%, NTGR screens cheaper than that median.
Fair Value models
Bear $8.23Fair Value $12.48Bull $15.59
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.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.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.
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%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 311 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−44% · Below median
Profitability
Return on assets−2% · Bottom 25%
Net margin (TTM)−4% · Below median
Operating margin (TTM)−5% · Bottom 25%
Growth and dividend
Revenue growth−2% · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/B1.29× · Cheaper than median
P/S (TTM)0.92× · Cheaper than median
PEG0.74× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 38
PAST (return on equity)0· sector 15
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 23
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 Sep 23, 2026, our model estimates a fair value of $12.48 versus a price of $22.24, about −44% upside (overvalued).
What is the fair value of NTGR?
Our model-based fair value for NETGEAR Inc is $12.48 (as of Sep 23, 2026), built from audited fundamentals. The current price: $22.24.
What is the quality score of NTGR?
NETGEAR Inc has a Quality Score of 55/100. 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 $12.48 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario $8.23, optimistic scenario $15.59. 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 $12.48, about −44% upside versus a price of $22.24 (overvalued). Cautious scenario $8.23, optimistic scenario $15.59. 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 $696M (latest available figure, as of Sep 23, 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 $12.48 per share (as of Sep 23, 2026), against a price of $22.24. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is NETGEAR Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, NTGR trades above its calculated fair value: price $22.24, fair value $12.48, a gap of about −44% (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 ($22.24); the fair value is what the company's own numbers justify ($12.48). For NETGEAR Inc the two are $9.76 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 $642M (market capitalisation, as of Sep 23, 2026). Per share that is $22.24; our models calculate a fair value of $12.48 per share.
What do the bullish and bearish scenarios say about NTGR?
Our models span a range for NETGEAR Inc: cautious scenario $8.23, base $12.48, optimistic $15.59 per share (as of Sep 23, 2026, price $22.24). 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 Sep 23, 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 Sep 23, 2026): return on equity −5.0%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is NTGR from its 52-week high?
NETGEAR Inc trades at $22.24, about 38% below its 52-week high of $36.01 and 12% above the low of $19.87 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $12.48 is for.
Which stocks are comparable to NETGEAR Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet Co, Eoptolink Technology 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 Sep 23, 2026: price $22.24, calculated fair value $12.48 (−44%), Quality Score 55/100, 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 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 $12.48, 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 14.1 % 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 Sep 23, 2026 was $22.24. Our model-based fair value is $12.48, about −44% upside (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 ($15.59). 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 (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($8.23 to $15.59) 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 $642M. 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 0.89 (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 $−0.8900. 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 −4.7% (fiscal year 2025). 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 −5.0% (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 −5.2% (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 −2.0% 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.
Free · no account needed
Watch NETGEAR Inc in the live analysis
One click puts NETGEAR Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Thin data
Sep 23, 2026