Radware Ltd (RDWR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Radware Ltd stock $12.02, price $29.84, that is 59.7% below the price, quality 73 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 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 4, 2026.
How to read this chart
60‑month range $14.38 – $41.74 · fair‑value band $9.50 – $15.63 · the $29.84 price screens above the $12.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 4, 2026.
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Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers. The company operates in two segments, Radware's Core Business and The Hawks' Business.
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It offers cloud application protection service, cloud WAF, bot manager, API protection, web DDoS protection, client-side protection, threat intelligence, Kubernetes WAAP, and Alteon integrated WAF; cloud DDoS protection service, web DDoS protection defencepro X, cyber controller, AI SOC Xpert, and firewall-as-a-service; and Alteon, linkproof NG, and SSL inspection services.
The company serves healthcare, government, online business, SaaS, education, open banking, MSSP solutions, and financial services through independent distributors, which include value added resellers, original equipment manufacturers, and system integrators.
It operates in the United States, the Asia Pacific, Europe, the Middle East, Africa, and internationally. Radware Ltd. was incorporated in 1996 and is headquartered in Tel Aviv, Israel.
Stock analysis
Radware Ltd (RDWR) currently trades at $29.84, while our model-based Fair Value estimate is $12.02, 60% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $14.53 per share, and 0 of the 24 models we run sit above the $29.84 price.
Bear case: the Earnings-Based group reads lowest at $3.75, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $9.50 (bear) to $15.63 (bull), the price of $29.84 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 73/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Radware Ltd reported revenue of $302M in FY2025 versus $286M in FY2021, a compound +1.3%/yr. Reported net income was $20.3M in FY2025, compounding +26.9%/yr from FY2021.
Key figures
Market cap $1.3B Small · P/E ratio 63.5 · P/S ratio 3.84 · EPS (TTM) $0.4700 · Net margin 4.3% · Return on equity 3.6% · Return on assets (EBIT) −0.4% (5-year average) · Operating margin 2.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −60%, RDWR screens richer than that median.
Fair Value models
Bear$9.50Fair Value $12.02Bull$15.63
Price $29.84 · Downside -59.7%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.4030 per share) are deliberately not added.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.
SaleRivkah GoldriechChief People Officer3× since May 22, 2026: 30,527 shares, avg. $34.55$1.1MOct 28, 2026
BuyGuy AvidanChief Financial Officer2,000 shares at $25.21$50,420Jul 31, 2026
Plus 5 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.66/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.8%
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.
+0.9%
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.
+3.8%
Start year 2020 (pandemic). Over 10 years: +3.4% 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.
+16.5%
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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.
+17.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.6% vs −0.2%, picking up
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.3% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+16.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +14.1% a year for the price.
News mood ⓘNews mood, the average tone of recent news (76 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.Very negative
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 - Infrastructure · 346 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−59.7% · Bottom 25%
Profitability
Return on equity (12 months)3.6% · Below median
Return on assets3.0% · Above median
Net margin (12 months)4.3% · Below median
Operating margin (12 months)2.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)12.0% · Above median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
P/E (12 months)63.5× · Priciest 25%
P/B3.59× · Pricier than median
P/S (12 months)3.84× · Pricier than median
Price / free cash flow (fiscal year)30.2× · Pricier than median
EV/EBITDA65.8× · Priciest 25%
PEG30.49× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)60· sector 60
PAST (return on equity)15· sector 23
HEALTH (low debt)0· sector 98
DIVIDEND (yield)0· sector 31
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). "Radware Ltd Fair Value". https://www.fairvalue-calculator.com/stock/RDWR
Frequently asked questions
Is Radware Ltd (RDWR) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $12.02 versus a price of $29.84, about 60% lower (overvalued).
What is the fair value of RDWR?
Our model-based fair value for Radware Ltd is $12.02 (as of Nov 4, 2026), built from audited fundamentals. The current price: $29.84.
What is the quality score of RDWR?
Radware Ltd has a Quality Score of 73/100. 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 Radware Ltd (RDWR)?
Our model-based price target is the fair value of $12.02 (as of Nov 4, 2026) from 24 valuation models. Cautious scenario $9.50, optimistic scenario $15.63. It is a calculation from audited fundamentals, not an analyst target.
What is the Radware Ltd stock forecast for 2026?
Our models put fair value at $12.02, about 60% lower versus a price of $29.84 (overvalued). Cautious scenario $9.50, optimistic scenario $15.63. The calculation is refreshed regularly with new filings.
What is the revenue of Radware Ltd (RDWR)?
Radware Ltd reported trailing-twelve-month revenue of about $327M (latest available figure, as of Nov 4, 2026).
What growth is priced into Radware Ltd (RDWR)?
For today's price to be fair in a discounted-cash-flow model, Radware Ltd would have to grow free cash flow by +16.8 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.8 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of RDWR use?
Our models discount Radware Ltd at 10.9 %: a base by market capitalisation (small), damped by beta 0.87, 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 Radware Ltd that is +16.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Radware Ltd (RDWR) delivered so far?
Over the past 5 years revenue at Radware Ltd grew +3.8 % a year. The price currently implies free-cash-flow growth of +16.8 % per 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 Radware Ltd (RDWR) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Radware Ltd (+16.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Radware Ltd (RDWR)?
The free-cash-flow yield on the price is 3.19 %: that much free cash flow Radware Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Radware Ltd (RDWR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Radware Ltd it is $12.02 per share (as of Nov 4, 2026), against a price of $29.84. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Radware Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, RDWR trades above its calculated fair value: price $29.84, fair value $12.02, a gap of about −60% (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 RDWR?
No. The price is what the market pays today ($29.84); the fair value is what the company's own numbers justify ($12.02). For Radware Ltd the two are $17.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is Radware Ltd worth?
The market values Radware Ltd at about $1.3B (market capitalisation, as of Nov 4, 2026). Per share that is $29.84; our models calculate a fair value of $12.02 per share.
What do the bullish and bearish scenarios say about RDWR?
Our models span a range for Radware Ltd: cautious scenario $9.50, base $12.02, optimistic $15.63 per share (as of Nov 4, 2026, price $29.84). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RDWR?
Radware Ltd trades at a price-to-earnings ratio of 63.5 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.02 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2018 to 2025), reported earnings: 114.9. Other multiples: PEG 30.5, P/B 3.6, P/S 3.8, EV/EBITDA 65.8.
What is the PEG ratio of RDWR?
The PEG ratio of Radware Ltd is 30.49 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Radware Ltd (RDWR)?
Balance-sheet figures for Radware Ltd (as of Nov 4, 2026): return on equity 3.6%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is RDWR from its 52-week high?
Radware Ltd trades at $29.84, about 20% below its 52-week high of $37.16 and 37% above the low of $21.74 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $12.02 is for.
Which stocks are comparable to Radware Ltd?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, 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 Radware Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price $29.84, calculated fair value $12.02 (−60%), Quality Score 73/100, from 24 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 RDWR calculated?
We run Radware Ltd through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $12.02 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. Radware Ltd 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 Radware Ltd (RDWR)?
The closing price on Nov 6, 2026 was $29.84. Our model-based fair value is $12.02, about 60% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Radware Ltd right now?
The price sits above even our optimistic bull case ($15.63). The favourable scenario is already priced in. Solid but not exceptional quality (73/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Radware Ltd
How large is the market capitalisation of Radware Ltd (RDWR)?
The market capitalisation of Radware Ltd is $1.3B. 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 Radware Ltd (RDWR)?
The price-to-sales ratio of Radware Ltd is 3.84 (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 Radware Ltd (RDWR)?
Earnings per share at Radware Ltd are $0.4700 (price ÷ EPS = P/E 63.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Radware Ltd (RDWR)?
The net margin of Radware Ltd is 4.3% (last twelve months). 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 Radware Ltd (RDWR)?
The return on equity (ROE) of Radware Ltd is 3.6% (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 Radware Ltd (RDWR)?
On an EBIT basis the return on assets of Radware Ltd is −0.4% (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 Radware Ltd (RDWR)?
The operating margin of Radware Ltd is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Radware Ltd (RDWR)?
Revenue at Radware Ltd is growing +12.0% versus a year earlier (3y avg +0.9%). 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 Radware Ltd (RDWR)?
Earnings per share at Radware Ltd are growing −51.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Radware Ltd (RDWR) hold?
Radware Ltd holds more cash than debt, $88.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 4, 2026