Phunware Inc (PHUN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Phunware Inc stock $4.62, price $1.75, upside +164.0%, quality 36 out of 100. Rating: strongly undervalued. 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 8, 2026.
How to read this chart
60‑month range $1.60 – $437.00 · fair‑value band $3.05 – $5.78 · the $1.75 price screens below the $4.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Phunware, Inc., together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally.
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It operates through two segments: software subscriptions and services and advertising.
The company offers cloud-based prepackaged vertical solution application, software development kit (SDK) licenses for organizations developing their own application and customized development services; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging, which enables brands to send messages; mobile marketing automation; advertising; and location-based services, such as mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.
It is also involved in the provision of cloud-based vertical solutions; in-app advertising services, including re-occurring and one-time transactional media purchases for application discovery, user acquisition and audience building, audience engagement, and audience monetization.
The company was founded in 2009 and is headquartered in Austin, Texas.
Stock analysis
Phunware Inc (PHUN) currently trades at $1.75, while our model-based Fair Value estimate is $4.62, implying the stock looks roughly 62% undervalued 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: $3.05 (bear) to $5.78 (bull), the price of $1.75 sits below 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 Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Phunware Inc reported revenue of $2.6M in FY2025 versus $10.6M in FY2021, a compound −30.0%/yr. Reported net income was −$11.4M in FY2025.
Key figures
Market cap $35.8M Micro · P/S ratio 13.2 · EPS (TTM) $−0.6500 · Return on equity −13.7% · Return on assets (EBIT) −154% (5-year average) · Operating margin −757% · Revenue (TTM) $2.8M · Revenue growth (YoY) +75.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 4 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 164%, PHUN screens cheaper than that median.
Fair Value models
Bear$3.05Fair Value $4.62Bull$5.78
Price $1.75 · Upside +164.0%
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, no officer or director bought or sold shares on the open market.
Plus 7 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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−19.9%
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.
−26.8%
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.
−23.9%
Start year 2020 (pandemic)
Revenue growth 9 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.
−27.7%
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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.
−175.0% (2020) → −803.7% (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.
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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.Software - Application · 628 stocks
Beats the industry median on 4/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside+164.0% · Top 25%
Profitability
Return on assets−9.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)75.6% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
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). "Phunware Inc Fair Value". https://www.fairvalue-calculator.com/stock/PHUN
Frequently asked questions
Is Phunware Inc (PHUN) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $4.62 versus a price of $1.75, about +164% upside (undervalued).
What is the fair value of PHUN?
Our model-based fair value for Phunware Inc is $4.62 (as of Nov 8, 2026), built from audited fundamentals. The current price: $1.75.
What is the quality score of PHUN?
Phunware Inc 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 Phunware Inc (PHUN)?
Our model-based price target is the fair value of $4.62 (as of Nov 8, 2026) from 1 valuation models. Cautious scenario $3.05, optimistic scenario $5.78. It is a calculation from audited fundamentals, not an analyst target.
What is the Phunware Inc stock forecast for 2026?
Our models put fair value at $4.62, about +164% upside versus a price of $1.75 (undervalued). Cautious scenario $3.05, optimistic scenario $5.78. The calculation is refreshed regularly with new filings.
What is the revenue of Phunware Inc (PHUN)?
Phunware Inc reported trailing-twelve-month revenue of about $2.8M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Phunware Inc (PHUN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Phunware Inc it is $4.62 per share (as of Nov 8, 2026), against a price of $1.75. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Phunware Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, PHUN trades below its calculated fair value: price $1.75, fair value $4.62, a gap of about +164% (undervalued). 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 PHUN?
No. The price is what the market pays today ($1.75); the fair value is what the company's own numbers justify ($4.62). For Phunware Inc the two are $2.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is Phunware Inc worth?
The market values Phunware Inc at about $35.8M (market capitalisation, as of Nov 8, 2026). Per share that is $1.75; our models calculate a fair value of $4.62 per share.
What do the bullish and bearish scenarios say about PHUN?
Our models span a range for Phunware Inc: cautious scenario $3.05, base $4.62, optimistic $5.78 per share (as of Nov 8, 2026, price $1.75). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Phunware Inc (PHUN)?
Balance-sheet figures for Phunware Inc (as of Nov 8, 2026): return on equity −13.7%, debt of 0.04 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is PHUN from its 52-week high?
Phunware Inc trades at $1.75, about 26% below its 52-week high of $2.35 and 9% above the low of $1.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $4.62 is for.
Which stocks are comparable to Phunware Inc?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Phunware Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $1.75, calculated fair value $4.62 (+164%), Quality Score 36/100, 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 PHUN calculated?
We run Phunware Inc through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $4.62 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. Phunware Inc currently trades 62% below its own fair value, and the market average says nothing about that. 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 Phunware Inc (PHUN)?
The closing price on Nov 6, 2026 was $1.75. Our model-based fair value is $4.62, about +164% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Phunware Inc right now?
The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($3.05). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($3.05 to $5.78) leaves room in how you read the outcome.
Key figures of Phunware Inc
How large is the market capitalisation of Phunware Inc (PHUN)?
The market capitalisation of Phunware Inc is $35.8M. 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 Phunware Inc (PHUN)?
The price-to-sales ratio of Phunware Inc is 13.2 (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 Phunware Inc (PHUN)?
Earnings per share at Phunware Inc are $−0.6500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Phunware Inc (PHUN)?
The return on equity (ROE) of Phunware Inc is −13.7% (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 Phunware Inc (PHUN)?
On an EBIT basis the return on assets of Phunware Inc is −154% (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 Phunware Inc (PHUN)?
The operating margin of Phunware Inc is −757% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Phunware Inc (PHUN)?
Revenue at Phunware Inc is growing +75.6% versus a year earlier (3y avg −26.8%). 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 Phunware Inc (PHUN) generate?
The free cash flow of Phunware Inc is −$12.5M (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 Phunware Inc (PHUN) hold?
Phunware Inc holds more cash than debt, $100.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026
