EN DE
Watch Onward Medical N.V. for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Onward Medical N.V. (ONWD) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Onward Medical N.V. stock €1.42, price €1.79, that is 20.6% below the price, quality 36 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Healthcare BE · Based in Netherlands · ISIN NL0015000HT4

OM Onward Medical N.V. logo Thin data Nov 10, 2026

Onward Medical N.V.

ONWD · BR
Expensive, weak quality

Our calculation puts a fair price 21% below what the stock costs today.

Low debt
Upbeat coverage
Mixed Growth (revenue 5y +45.5 %/yr in EUR)
Fair value €1.42 · Overvalued
Quality 36/100
Negative free cash flow
Trails peers (3/8)
Narrow moat 9/100
Thin data
Estimate
Watch Onward Medical N.V. for free: we tell you when fair value or trend changes. Watch for free

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

€12.90 €1.78 Fair Value €1.42 Oct 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 €1.78 – €12.90 · fair‑value band €1.06 – €1.77 · the €1.79 price screens above the €1.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

Follow Onward Medical in your weekly email

Every Wednesday you see whether Onward Medical 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.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Onward Medical N.V., a medical technology company, develops and commercializes therapies to enable functional recovery for people with spinal cord injury (SCI) in the United States, Europe, and internationally.

Show moreShow less

The company offers ARCEX System, an external stimulator that is intended to improve hand strength and sensation following SCI; ARCIM System, an implantable system currently used to explore potential indications in clinical feasibility studies; ARCBCI System, an implantable system currently being investigated to enable thought driven movement of the legs and upper extremities.

Onward Medical N.V. was founded in 2014 and is headquartered in Eindhoven, Netherlands.

Stock analysis

Onward Medical N.V. (ONWD) currently trades at €1.79, while our estimate is €1.42, 21% below the price, so the stock looks overvalued today.

Show more

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: €1.06 (bear) to €1.77 (bull), the price of €1.79 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 36/100 (below-average quality), in the Healthcare sector.

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

Onward Medical N.V. reported revenue of €3.8M in FY2025 versus €1.2M in FY2021, a compound +32.7%/yr. Reported net income was −€41.8M in FY2025.

Key figures

Market cap €125M Micro · P/S ratio 18.7 · EPS (TTM) €−0.8500 · Return on equity −90.9% · Return on assets (EBIT) −47.9% (5-year average) · Operating margin −557% · Revenue (TTM) €8.4M · Revenue growth (YoY) +254%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 62% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at −6% fair-value upside, at −21%, ONWD screens richer than that median.

Fair Value

Bear €1.06 Fair Value €1.42 Bull €1.77
Price €1.79 · Downside -20.6%
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 36/100

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

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 77
Are margins and returns getting better?
Cashflow 10
Do the profits arrive as real cash?
Financial strength 72
Debt, balance sheet and risk of trouble
Investment 74
Does it invest with discipline instead of growing at any price?
Low Volatility 57
How calm the share price moves, does not count
Price momentum 6
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
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 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.
+22.1%
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.
+45.5%
Start year 2020 (pandemic)
Revenue growth 7 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.
+34.5%
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.
−2,290.2% (2020) → −1,082.4% (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
not computed

ONWD screens overvalued: fair value 21% below the price. Compare with Vertex Pharmaceuticals Incorporated →

Earlier news

News mood ⓘNews mood, the average tone of recent news (24 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. Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.

Compare Onward Medical N.V. with another stock

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.Biotechnology · 867 stocks

Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 36 · Below median
Fair Value upside −21.2% · Above median
Profitability
Return on assets −49.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 253.8% · Top 25%
Balance sheet
Debt / equity 0.24× · Above median

Valuation Multiplesvs Biotechnology median · lower = cheaper

P/B 2.27× · Cheaper than median
P/S (12 months) 14.91× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)5 · sector 0
FUTURE (revenue growth)100 · sector 0
PAST (return on equity)0 · sector 0
HEALTH (low debt)88 · sector 96
DIVIDEND (yield)0 · sector 19

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 Biotechnology stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Regeneron Pharmaceuticals, Inc REGN $919.96 $1,275 +39% vs ONWD
Samsung Biologics Co 207940 1,510,000 KRW 1,661,000 KRW +10% vs ONWD
Vertex Pharmaceuticals Incorporated VRTX $550.87 $601.80 +9% vs ONWD
Genmab A/S GMAB kr 3,661 kr 3,880 +6% vs ONWD
argenx SE ARGX $962.27 $908.40 −6% vs ONWD
CSL Limited CSL A$200.73 A$181.40 −10% vs ONWD
BeOne Medicines AG 6160 HK$248.20 HK$152.80 −38% vs ONWD
Roivant Sciences Ltd ROIV $40.67 $17.39 −57% vs ONWD
Celltrion, Inc 068270 210,000 KRW 74,945 KRW −64% vs ONWD
Royalty Pharma plc RPRX $68.77 $19.01 −72% vs ONWD

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low StocksStocks for 2027: Large Companies Below Fair Value

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

Onward Medical N.V.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Onward Medical N.V. Fair Value". https://www.fairvalue-calculator.com/stock/ONWD

Frequently asked questions

Is Onward Medical N.V. (ONWD) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is €1.42 versus a price of €1.79, about 21% lower (overvalued).
What is the fair value of ONWD?
Our estimate for Onward Medical N.V. is €1.42 (as of Nov 10, 2026), built from audited fundamentals. The current price: €1.79.
What is the quality score of ONWD?
Onward Medical N.V. has a Quality Score of 36/100. 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 Onward Medical N.V. (ONWD)?
Our calculated price target is the estimate of €1.42 (as of Nov 10, 2026). Cautious scenario €1.06, optimistic scenario €1.77. 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 Onward Medical N.V. stock forecast for 2026?
Our estimate puts fair value at €1.42, about 21% lower versus a price of €1.79 (overvalued). Cautious scenario €1.06, optimistic scenario €1.77. The calculation is refreshed regularly with new filings.
What is the revenue of Onward Medical N.V. (ONWD)?
Onward Medical N.V. reported trailing-twelve-month revenue of about €8.4M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Onward Medical N.V. (ONWD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Onward Medical N.V. it is €1.42 per share (as of Nov 10, 2026), against a price of €1.79.
Is Onward Medical N.V. stock overvalued or undervalued in 2026?
As of Nov 10, 2026, ONWD trades above its calculated fair value: price €1.79, fair value €1.42, a gap of about −21% (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 ONWD?
No. The price is what the market pays today (€1.79); the fair value is what the company's own numbers justify (€1.42). For Onward Medical N.V. the two are €0.3680 per share apart. That gap is exactly why we show both numbers side by side.
How much is Onward Medical N.V. worth?
The market values Onward Medical N.V. at about €125M (market capitalisation, as of Nov 10, 2026). Per share that is €1.79; our models calculate a fair value of €1.42 per share.
What do the bullish and bearish scenarios say about ONWD?
Our models span a range for Onward Medical N.V.: cautious scenario €1.06, base €1.42, optimistic €1.77 per share (as of Nov 10, 2026, price €1.79). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Onward Medical N.V. (ONWD)?
Balance-sheet figures for Onward Medical N.V. (as of Nov 10, 2026): return on equity −90.9%, debt of 0.24 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is ONWD from its 52-week high?
Onward Medical N.V. trades at €1.79, about 62% below its 52-week high of €4.66 and at the low of €1.78 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of €1.42 is for.
Which stocks are comparable to Onward Medical N.V.?
From the same area (Healthcare) we also value Vertex Pharmaceuticals Incorporated, Regeneron Pharmaceuticals, Inc, CSL Limited, argenx SE, 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 Onward Medical N.V. stock attractive at the current price?
The data as of Nov 10, 2026: price €1.79, calculated fair value €1.42 (−21%), Quality Score 36/100. 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 13.7% above its aggregate fair value. Onward Medical N.V. 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 Onward Medical N.V. (ONWD)?
The closing price on Nov 10, 2026 was €1.79. Our estimate is €1.42, about 21% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Onward Medical N.V. right now?
Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Onward Medical N.V.

How large is the market capitalisation of Onward Medical N.V. (ONWD)?
The market capitalisation of Onward Medical N.V. is €125M. 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 Onward Medical N.V. (ONWD)?
The price-to-sales ratio of Onward Medical N.V. is 18.7 (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 Onward Medical N.V. (ONWD)?
Earnings per share at Onward Medical N.V. are €−0.8500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Onward Medical N.V. (ONWD)?
The return on equity (ROE) of Onward Medical N.V. is −90.9% (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 Onward Medical N.V. (ONWD)?
On an EBIT basis the return on assets of Onward Medical N.V. is −47.9% (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 Onward Medical N.V. (ONWD)?
The operating margin of Onward Medical N.V. is −557% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Onward Medical N.V. (ONWD)?
Revenue at Onward Medical N.V. is growing +254% versus a year earlier (3y avg +22.1%). 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 Onward Medical N.V. (ONWD) generate?
The free cash flow of Onward Medical N.V. is −€39.5M (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 Onward Medical N.V. (ONWD) hold?
Onward Medical N.V. holds more cash than debt, €54.4M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed

Watch Onward Medical N.V. in the live analysis

One click puts Onward Medical N.V. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.