Qualstar Corporation (QBAK) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Qualstar Corporation $0.62, price $5.00, upside -87.6%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value $0.6205 · Strongly overvalued (−87.6%)
!Quality 52/100
!Weak Growth(revenue 5y −4.0 %/yr)
!Loss over the last twelve months · -21.1% net margin (TTM) · fiscal year 2025 1.1%
✓Low debt · generates free cash flow
!Trails peers(2/8)
!Narrow moat12/100
!Evidence only low, so the estimate is less certain
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range $0.6333 – $6.90 · the $5.00 price screens above the $0.6205 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Qualstar Corporation, together with its subsidiaries, manufactures and markets data storage system products and power solutions worldwide. The company operates through Data Storage and Power Supplies segments. It provides data storage systems under the Qualstar brand and power solutions under the N2Power brand.
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Qualstar Corporation, together with its subsidiaries, manufactures and markets data storage system products and power solutions worldwide. The company operates through Data Storage and Power Supplies segments. It provides data storage systems under the Qualstar brand and power solutions under the N2Power brand. The company designs, manufactures, and sells switching power supplies that are used to convert AC line voltage to DC voltages and DC voltages to other DC voltages for use in various electronic equipment, such as communications equipment, industrial machine tools, and wireless systems, as well as medical and gaming devices. It also supports and sells data storage devices used to store, retrieve, and manage electronic data primarily in network computing environments. The company serves resellers, system integrators, and original equipment manufacturers, including OEMs in various markets, such as telecom/networking equipment, audio/visual, industrial, gaming and medical industries. The company was incorporated in 1984 and is based in Camarillo, California.
Stock analysis
Qualstar Corporation (QBAK) currently trades at $5.00, while our model-based Fair Value estimate is $0.6205, 87.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $1.58 per share, and 0 of the 15 models we run sit above the $5.00 price.
Bear case: the Earnings-Based group reads lowest at $0.1400, and 15 of the 15 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Qualstar Corporation reported revenue of $6.6M in FY2025 versus $9.2M in FY2021, a compound −7.9%/yr. Reported net income was $70.0K in FY2025, compounding −36.5%/yr from FY2021.
Key figures
Market cap $12.8M · P/S ratio 1.83 · EPS (TTM) $−0.2200 · Net margin 1.1% · Return on equity −35.7% · Return on assets (EBIT) −2.1% · Operating margin −38.6% · Revenue (TTM) $7.0M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 133% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −88%, QBAK screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($0.1400 to $1.90). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $0.6205Fair Value $0.6205Bull $0.6205
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. 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.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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.0%
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.
−12.5%
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.
−4.0%
Start year 2020 (pandemic). Over 10 years: −5.0% a year
Revenue growth 27 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.
−5.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−26.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.4%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−16% → −5%
⚠ Revenue per share shrinking 1.0%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
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.Electrical Equipment & Parts · 540 stocks
Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−87.6% · Bottom 25%
Profitability
Return on assets−15.5% · Bottom 25%
Net margin (TTM)−21.1% · Bottom 25%
Operating margin (TTM)−38.6% · Bottom 25%
Growth and dividend
Revenue growth47.0% · Top 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 56
PAST (return on equity)0· sector 27
HEALTH (low debt)100· sector 97
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). "Qualstar Corporation Fair Value". https://www.fairvalue-calculator.com/stock/QBAK
Frequently asked questions
Is Qualstar Corporation (QBAK) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of $0.6205 versus a price of $5.00, about −88% upside (overvalued).
What is the fair value of QBAK?
Our model-based fair value for Qualstar Corporation is $0.6205 (as of Sep 27, 2026), built from audited fundamentals. The current price: $5.00.
What is the quality score of QBAK?
Qualstar Corporation has a Quality Score of 52/100. 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 Qualstar Corporation (QBAK)?
Our model-based price target is the fair value of $0.6205 (as of Sep 27, 2026) from 15 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Qualstar Corporation stock forecast for 2026?
Our models put fair value at $0.6205, about −88% upside versus a price of $5.00 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Qualstar Corporation (QBAK)?
Qualstar Corporation reported trailing-twelve-month revenue of about $7.0M (latest available figure, as of Sep 27, 2026).
What growth is priced into Qualstar Corporation (QBAK)?
For today's price to be fair in a discounted-cash-flow model, Qualstar Corporation would have to grow free cash flow by more than 80 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of QBAK use?
Our models discount Qualstar Corporation at 9.7 %: a base by market capitalisation (nano), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Qualstar Corporation that is more than 80 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Qualstar Corporation (QBAK) delivered so far?
Over the past 5 years revenue at Qualstar Corporation grew -4.0 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Qualstar Corporation (QBAK) growing?
The median revenue growth in the sector is +10.0 % a year. That is the yardstick for the growth priced into Qualstar Corporation (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Qualstar Corporation (QBAK)?
The free-cash-flow yield on the price is 0.17 %: that much free cash flow Qualstar Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Qualstar Corporation (QBAK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Qualstar Corporation it is $0.6205 per share (as of Sep 27, 2026), against a price of $5.00. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Qualstar Corporation stock overvalued or undervalued in 2026?
As of Sep 27, 2026, QBAK trades above its calculated fair value: price $5.00, fair value $0.6205, a gap of about −88% (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 QBAK?
No. The price is what the market pays today ($5.00); the fair value is what the company's own numbers justify ($0.6205). For Qualstar Corporation the two are $4.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Qualstar Corporation worth?
The market values Qualstar Corporation at about $12.8M (market capitalisation, as of Sep 27, 2026). Per share that is $5.00; our models calculate a fair value of $0.6205 per share.
How solid is the balance sheet of Qualstar Corporation (QBAK)?
Balance-sheet figures for Qualstar Corporation (as of Sep 27, 2026): return on equity −35.7%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is QBAK from its 52-week high?
Qualstar Corporation trades at $5.00, about 28% below its 52-week high of $6.90 and 133% above the low of $2.15 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.6205 is for.
Which stocks are comparable to Qualstar Corporation?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Qualstar Corporation stock attractive at the current price?
The data as of Sep 27, 2026: price $5.00, calculated fair value $0.6205 (−88%), Quality Score 52/100, from 15 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 QBAK calculated?
We run Qualstar Corporation through 15 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 $0.6205, 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 14.5 % above its aggregate fair value. Qualstar Corporation 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 Qualstar Corporation (QBAK)?
The closing price on Oct 2, 2026 was $5.00. Our model-based fair value is $0.6205, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qualstar Corporation right now?
The price sits above even our optimistic bull case ($0.6205). 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 (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Qualstar Corporation
How large is the market capitalisation of Qualstar Corporation (QBAK)?
The market capitalisation of Qualstar Corporation is $12.8M. 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 Qualstar Corporation (QBAK)?
The price-to-sales ratio of Qualstar Corporation is 1.83 (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 Qualstar Corporation (QBAK)?
Earnings per share at Qualstar Corporation are $−0.2200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Qualstar Corporation (QBAK)?
The net margin of Qualstar Corporation is 1.1% (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 Qualstar Corporation (QBAK)?
The return on equity (ROE) of Qualstar Corporation is −35.7% (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 Qualstar Corporation (QBAK)?
On an EBIT basis the return on assets of Qualstar Corporation is −2.1% (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 Qualstar Corporation (QBAK)?
The operating margin of Qualstar Corporation is −38.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Qualstar Corporation (QBAK)?
Revenue at Qualstar Corporation is growing +47.0% versus a year earlier (3y avg −12.5%). 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 Qualstar Corporation (QBAK)?
Earnings per share at Qualstar Corporation are growing +30.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Qualstar Corporation (QBAK) hold?
Qualstar Corporation holds more cash than debt, $1.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Sep 27, 2026