NETGEAR, Inc (NTGR) Fair Value & Analysis
Technology · US · Market cap $619M
NETGEAR, Inc
NTGR · US
Fair value as of: Jul 25, 2026
From 1 valuation models · updated 16 days ago
Share price +7.6% over the past month.
A solid business, but screening 47% overvalued on our models.
What matters 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.
How to read this chart
60‑month range $10.43 – $41.51 · fair‑value band $8.23 – $15.59 · the $23.67 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 Jul 25, 2026.
Analysis
NETGEAR, Inc (NTGR) currently trades at $23.67, while our model-based Fair Value estimate is $12.48, implying the stock looks roughly 47.3% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, NETGEAR, Inc generated revenue of $696M at a net margin of -3.6%. Revenue declined 2.0% year over year. It earns a return on equity of -5.0%. The balance sheet holds a net cash position of $159M. Fundamentals as of Jul 25, 2026
Our scenario range runs from $8.23 (bear case) to $15.59 (bull case); at $23.67, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -47%, NTGR screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 38
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
NTGR screens 47% overvalued. Compare with Cisco Systems, Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- NETGEAR Q2 Earnings Beat Estimates, Revenues Decline Y/Y
- Netgear outlines Q3 revenue of $165M-$175M amid a 200 bps second-half gross margin headwind
- NETGEAR Q2 Earnings Call Highlights
- NETGEAR (NTGR) Up 1.7% Since Last Earnings Report: Can It Continue?
Peer Group
Communication Equipment · 290 stocks
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.
Valuation Multiples vs Communication Equipment median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cisco Systems, Inc CSCO | $119.25 | $43.05 | -64% |
| Zhongji Innolight Co 300308 | ¥1,094 | ¥171.09 | -84% |
| Foxconn Industrial Internet Co 601138 | ¥56.50 | ¥28.65 | -49% |
| Eoptolink Technology Inc 300502 | ¥482.88 | ¥155.05 | -68% |
| Nokia Oyj NOK | $11.25 | $2.67 | -76% |
| Motorola Solutions, Inc MSI | $413.31 | $190.43 | -54% |
| Suzhou TFC Optical Communication Co 300394 | ¥244.13 | ¥32.04 | -87% |
| Telefonaktiebolaget LM Ericsson (publ), ERIC | $11.72 | $15.96 | +36% |
| Accton Technology Corporation 2345 | 2,090 TWD | 846.28 TWD | -60% |
| ZTE Corporation 000063 | ¥40.00 | ¥15.75 | -61% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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