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Smartoptics Group (SMOPF) fair value: what the stock is really worth

As of Sep 30, 2026: fair value of Smartoptics Group $1.36, price $5.40, upside -74.8%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Technology · US · ISIN NO0011012502

SG Smartoptics Group logo Broad data Sep 29, 2026

Smartoptics Group

SMOPF · US

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value $1.36 · Strongly overvalued (−74.8%)
✓Quality 73/100
✓Healthy Growth (revenue 5y +14.6 %/yr)
!Thin margins · 5.8% net margin (TTM)
✓Low debt · generates free cash flow
!1.1% dividend yield · Payout strained
!Moderate moat 53/100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$6.89 $1.32 Fair Value $1.36 Oct 2022 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.

How to read this chart

47‑month range $1.32 – $6.89 · fair‑value band $0.9500 – $1.77 · the $5.40 price screens above the $1.36 fair value. Dashed = 300-day average. As of Sep 29, 2026.

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Company profile

Smartoptics Group ASA provides optical networking solutions and devices in the Americas, Europe, the Middle East, Africa, and the Asia"Pacific.

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Smartoptics Group ASA provides optical networking solutions and devices in the Americas, Europe, the Middle East, Africa, and the Asia"Pacific. Its products include flexible open-line systems; multiplexers and optical add/drop multiplexers; modular transponders and muxponders; optical transceivers; active and passive systems; and optical transceivers datasheets, as well as Sosmart software suite. Its solutions are used in metro and regional network applications, as well as in metro access networks. The company serves enterprises, governments, cloud providers, Internet exchanges, and cable and telecom operators through its sales force; and business partners, which include distributors, OEMs, and VARs. The company was founded in 1990 and is headquartered in Oslo, Norway.

Stock analysis

Smartoptics Group (SMOPF) currently trades at $5.40, while our model-based Fair Value estimate is $1.36, 74.8% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of $1.36 per share, and 0 of the 26 models we run sit above the $5.40 price.

Bear case: the Asset-Based group reads lowest at $0.2100, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Scenario range: $0.9500 (bear) to $1.77 (bull), the price of $5.40 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.

Smartoptics Group reported revenue of $75.3M in FY2025 versus $44.6M in FY2021, a compound +14.0%/yr. Reported net income was $4.7M in FY2025, compounding +7.9%/yr from FY2021.

Key figures

Market cap $529M · P/E ratio 108.0 · P/S ratio 6.72 · EPS (TTM) $0.0500 · Dividend yield 1.1% · Net margin 6.2% · Return on equity 15.6% · Return on assets (EBIT) 13.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 22% below its 52-week high and 195% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −75%, SMOPF screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely ($0.2100 to $2.25). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $0.9500 Fair Value $1.36 Bull $1.77
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.
Highest evidence
FCF DCF $0.8000 $1.28 $2.42 77
Growth DCF $0.7700 $1.36 $2.21 76
Residual Income $0.2900 $0.3500 $0.4500 76
All 26 models by family
DCF Models
FCF DCF $0.8000 $1.28 $2.42 77
Owner Earnings $0.7000 $1.27 $2.27 73
5Y Revenue Exit $0.7400 $1.33 $2.17 71
5Y EBITDA Exit $1.15 $2.25 $3.75 73
5Y P/E Exit $0.9400 $1.79 $2.83 69
10Y Revenue Exit $0.7300 $1.29 $2.18 65
10Y EBITDA Exit $1.01 $1.95 $3.56 65
10Y P/E Exit $0.8800 $1.62 $2.79 61
Earnings-Based
Graham-Dodd $0.3200 $2.00 $2.80 63
Lynch FV $0.5800 $0.8200 $1.07 61
PEG = 1.0 $0.5800 $0.8200 $1.07 57
EPV $0.5200 $0.5900 $0.6400 74
Dividend Discount
Gordon GGM $0.4500 $0.8100 $1.11 68
DDM Multi-Stage $0.4500 $0.7400 $0.8600 67
Multiples
P/E Multiple $1.00 $1.34 $1.67 63
P/S Multiple $0.6100 $0.8100 $1.02 58
P/B Multiple $0.6100 $0.8100 $1.02 55
EV/EBIT $1.32 $1.73 $2.15 66
EV/EBITDA $1.41 $1.86 $2.30 67
EV/Revenue $0.7000 $0.9700 $1.24 54
Asset-Based
NCAV (Graham) $0.1500 $0.2100 $0.3100 54
Growth DCF
Growth DCF $0.7700 $1.36 $2.21 76
Rev-Margin DCF $0.7400 $1.31 $2.11 71
Economic Profit
Residual Income $0.2900 $0.3500 $0.4500 76
ROIC Compounder $0.6000 $0.7800 $1.00 72
Growth Earnings
Growth-Adj P/E $0.9500 $1.36 $1.77 67

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Quality Score breakdown

Overall quality 73/100

Of which business quality 73 · Market factors (momentum, volatility) 75

Profitability 70
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 78
Share count: buybacks or dilution?

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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. 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+43.9%
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.
+10.2%
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.
+14.6%
Start year 2020 (pandemic)
Revenue growth 6 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.
+19.3%
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.
+23.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.6%
Dividend (yield on the price)1.1%
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.5% → 9%

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+39.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+26.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +36.0% a year for the price and +23.7% for the forecasts.
Forecast 2026 (sales)+40.3%
Forecast 2027 (sales)+28.4%
Projected 2028 (sales)+25.1%
Projected 2029 (sales)+21.8%
Projected 2030 (sales)+18.5%

SMOPF screens overvalued: fair value 75% below the price. Compare with Cisco Systems, Inc →

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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.Communication Equipment · 298 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 73 · Top 25%
Fair Value upside −77.5% · Bottom 25%
Profitability
Return on equity (TTM) 15.6% · Top 25%
Return on assets 9.7% · Top 25%
Net margin (TTM) 5.8% · Above median
Operating margin (TTM) 10.0% · Above median
Growth and dividend
Revenue growth 59.6% · Top 25%
Dividend yield (TTM) 1.1% · Below median

Valuation Multiplesvs Communication Equipment median · lower = cheaper

P/E (TTM) 108.0× · Priciest 25%
P/B 17.69× · Priciest 25%
P/S (TTM) 6.39× · Priciest 25%
P/FCF 92.6× · Priciest 25%
EV/EBITDA 51.5× · Priciest 25%

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 Communication Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $107.63 $118.39 +10%
Foxconn Industrial Internet Co 601138 ¥61.00 ¥13.99 −77%
Zhongji Innolight Co 300308 ¥895.86 ¥342.18 −62%
Eoptolink Technology Inc 300502 ¥435.00 ¥289.12 −34%
Motorola Solutions, Inc MSI $445.97 $249.04 −44%
Nokia Oyj NOKIA €9.19 €3.15 −66%
Ciena Corporation CIEN $356.91 $48.70 −86%
Suzhou TFC Optical Communication Co 300394 ¥267.93 ¥87.34 −67%
Ubiquiti Inc UI $609.64 $670.60 +10%
Yangtze Optical Fibre And Cable Joint Stock Limited 6869 HK$186.50 HK$32.66 −82%

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Cite: Fair Value Calculator (2026). "Smartoptics Group Fair Value". https://www.fairvalue-calculator.com/stock/SMOPF

Frequently asked questions

Is Smartoptics Group (SMOPF) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of $1.36 versus a price of $5.40, about −75% upside (overvalued).
What is the fair value of SMOPF?
Our model-based fair value for Smartoptics Group is $1.36 (as of Sep 29, 2026), built from audited fundamentals. The current price: $5.40.
What is the quality score of SMOPF?
Smartoptics Group 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 Smartoptics Group (SMOPF)?
Our model-based price target is the fair value of $1.36 (as of Sep 29, 2026) from 26 valuation models. Cautious scenario $0.9500, optimistic scenario $1.77. It is a calculation from audited fundamentals, not an analyst target.
What is the Smartoptics Group stock forecast for 2026?
Our models put fair value at $1.36, about −75% upside versus a price of $5.40 (overvalued). Cautious scenario $0.9500, optimistic scenario $1.77. The calculation is refreshed regularly with new filings.
What is the revenue of Smartoptics Group (SMOPF)?
Smartoptics Group reported trailing-twelve-month revenue of about $83.8M (latest available figure, as of Sep 29, 2026).
Does Smartoptics Group pay a dividend?
Smartoptics Group currently shows a dividend yield of about 1.11% relative to its recent price (as of Sep 29, 2026).
What growth is priced into Smartoptics Group (SMOPF)?
For today's price to be fair in a discounted-cash-flow model, Smartoptics Group would have to grow free cash flow by +39.3 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.6 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of SMOPF use?
Our models discount Smartoptics Group at 9.8 %: a base by market capitalisation (small), damped by beta 0.26, 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 Smartoptics Group that is +39.3 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Smartoptics Group (SMOPF) delivered so far?
Over the past 5 years revenue at Smartoptics Group grew +14.6 % a year. The price currently implies +39.3 % 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 Smartoptics Group (SMOPF) growing?
The median revenue growth in the sector is +15.2 % a year. That is the yardstick for the growth priced into Smartoptics Group (+39.3 % 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 Smartoptics Group (SMOPF)?
The free-cash-flow yield on the price is 1.09 %: that much free cash flow Smartoptics Group produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Smartoptics Group (SMOPF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Smartoptics Group it is $1.36 per share (as of Sep 29, 2026), against a price of $5.40. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Smartoptics Group stock overvalued or undervalued in 2026?
As of Sep 29, 2026, SMOPF trades above its calculated fair value: price $5.40, fair value $1.36, a gap of about −75% (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 SMOPF?
No. The price is what the market pays today ($5.40); the fair value is what the company's own numbers justify ($1.36). For Smartoptics Group the two are $4.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Smartoptics Group worth?
The market values Smartoptics Group at about $529M (market capitalisation, as of Sep 29, 2026). Per share that is $5.40; our models calculate a fair value of $1.36 per share.
What do the bullish and bearish scenarios say about SMOPF?
Our models span a range for Smartoptics Group: cautious scenario $0.9500, base $1.36, optimistic $1.77 per share (as of Sep 29, 2026, price $5.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SMOPF?
Smartoptics Group trades at a price-to-earnings ratio of 108.0 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.36 is built from several models across several years. Other multiples: P/B 17.7, P/S 6.4, EV/EBITDA 51.5.
How solid is the balance sheet of Smartoptics Group (SMOPF)?
Balance-sheet figures for Smartoptics Group (as of Sep 29, 2026): return on equity 15.6%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is SMOPF from its 52-week high?
Smartoptics Group trades at $5.40, about 22% below its 52-week high of $6.89 and 195% above the low of $1.83 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of $1.36 is for.
Which stocks are comparable to Smartoptics Group?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology 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 Smartoptics Group stock attractive at the current price?
The data as of Sep 29, 2026: price $5.40, calculated fair value $1.36 (−75%), Quality Score 73/100, from 26 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 SMOPF calculated?
We run Smartoptics Group through 26 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 $1.36, 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. Smartoptics Group 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 Smartoptics Group (SMOPF)?
The closing price on Sep 30, 2026 was $5.40. Our model-based fair value is $1.36, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Smartoptics Group right now?
A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case ($1.77). The favourable scenario is already priced in. A fairly wide model range ($0.9500 to $1.77) leaves room in how you read the outcome.

Key figures of Smartoptics Group

How large is the market capitalisation of Smartoptics Group (SMOPF)?
The market capitalisation of Smartoptics Group is $529M. 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 Smartoptics Group (SMOPF)?
The price-to-sales ratio of Smartoptics Group is 6.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Smartoptics Group (SMOPF)?
Earnings per share at Smartoptics Group are $0.0500 (price ÷ EPS = P/E 108.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Smartoptics Group (SMOPF)?
The dividend yield of Smartoptics Group is 1.1% (payout 120%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Smartoptics Group (SMOPF)?
The net margin of Smartoptics Group is 6.2% (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 Smartoptics Group (SMOPF)?
The return on equity (ROE) of Smartoptics Group is 15.6% (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 Smartoptics Group (SMOPF)?
On an EBIT basis the return on assets of Smartoptics Group is 13.9% (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 Smartoptics Group (SMOPF)?
The operating margin of Smartoptics Group is 10.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Smartoptics Group (SMOPF)?
Revenue at Smartoptics Group is growing +59.6% versus a year earlier (3y avg +10.2%). 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 Smartoptics Group (SMOPF)?
Earnings per share at Smartoptics Group are growing +207% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Smartoptics Group (SMOPF) hold?
Smartoptics Group holds more cash than debt, $5.9M net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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