Sandisk Corp (SNDK) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Sandisk Corp $2,239, price $1,720, upside +30.2%, quality 82 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Oct 3, 2026.
How to read this chart
20‑month range $29.62 – $2,335 · fair‑value band $1,311 – $4,834 · the $1,720 price screens below the $2,239 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Sandisk Corporation develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States, Europe, the Middle East, Africa, Asia, and internationally.
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Sandisk Corporation develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company offers solid state drives for desktop and notebook PCs, gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs and other portable and wearable devices, automotive applications, Internet of Things, industrial, and connected home applications, as well as removable cards, universal serial bus drives, and wafers and components. It sells its products to computer manufacturers and original equipment manufacturers, datacenters, private cloud customers, cloud service providers, resellers, distributors, and retailers through its sales personnel, dealers, distributors, retailers, and subsidiaries. Sandisk Corporation was incorporated in 2024 and is based in Milpitas, California.
Stock analysis
Sandisk Corp (SNDK) currently trades at $1,720, while our model-based Fair Value estimate is $2,239, implying the stock looks roughly 23.2% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $3,946 per share, and 14 of the 24 models we run sit above the $1,720 price.
Bear case: the Multiples group reads lowest at $760.58, and 10 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $1,311 (bear) to $4,834 (bull), the price of $1,720 sits inside 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 82/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sandisk Corp reported revenue of $20.2B in FY2026 versus $9.8B in FY2022, a compound +20.0%/yr. Reported net income was $11.4B in FY2026, compounding +81.1%/yr from FY2022.
Key figures
Market cap $267B · P/E ratio 23.3 · P/S ratio 13.2 · EPS (TTM) $73.76 · Net margin 56.5% · Return on equity 91.6% · Return on assets (EBIT) 6.8% · Operating margin 78.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 26% below its 52-week high and 1,371% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −21% fair-value upside, at 30%, SNDK screens cheaper than that median.
Fair Value models
Bear $1,311Fair Value $2,239Bull $4,834
Price $1,720 · Upside +30.2%
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. Based on fiscal year 2026 figures (about 3 months old). Earnings retained since then ($19.42 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.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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+175.3%
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.
+49.3%
’22
’23
’24
’25
’26
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.
+58.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+58.4%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2026 ⓘ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.12% → 61%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
+9.4%
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.
+33.6%
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 +6.9% a year for the price and +30.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 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.Computer Hardware · 202 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score82 · Top 25%
Fair Value upside+30.2% · Top 25%
Profitability
Return on equity (TTM)91.6% · Top 25%
Return on assets43.9% · Top 25%
Net margin (TTM)56.5% · Top 25%
Operating margin (TTM)78.5% · Top 25%
Growth and dividend
Revenue growth371.6% · Top 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Computer Hardware 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). "Sandisk Corp Fair Value". https://www.fairvalue-calculator.com/stock/SNDK
Frequently asked questions
Is Sandisk Corp (SNDK) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $2,239 versus a price of $1,720, about +30% upside (undervalued).
What is the fair value of SNDK?
Our model-based fair value for Sandisk Corp is $2,239 (as of Oct 3, 2026), built from audited fundamentals. The current price: $1,720.
What is the quality score of SNDK?
Sandisk Corp has a Quality Score of 82/100. 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 Sandisk Corp (SNDK)?
Our model-based price target is the fair value of $2,239 (as of Oct 3, 2026) from 24 valuation models. Cautious scenario $1,311, optimistic scenario $4,834. It is a calculation from audited fundamentals, not an analyst target.
What is the Sandisk Corp stock forecast for 2026?
Our models put fair value at $2,239, about +30% upside versus a price of $1,720 (undervalued). Cautious scenario $1,311, optimistic scenario $4,834. The calculation is refreshed regularly with new filings.
What is the revenue of Sandisk Corp (SNDK)?
Sandisk Corp reported trailing-twelve-month revenue of about $20.2B (latest available figure, as of Oct 3, 2026).
What growth is priced into Sandisk Corp (SNDK)?
For today's price to be fair in a discounted-cash-flow model, Sandisk Corp would have to grow free cash flow by +9.4 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +20.0 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of SNDK use?
Our models discount Sandisk Corp at 8.7 %: a base by market capitalisation (mega), 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 Sandisk Corp that is +9.4 % per year a year over ten years, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has Sandisk Corp (SNDK) delivered so far?
Over the past 4 years revenue at Sandisk Corp grew +20.0 % a year. The price currently implies +9.4 % 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 Sandisk Corp (SNDK) growing?
The median revenue growth in the sector is +10.6 % a year. That is the yardstick for the growth priced into Sandisk Corp (+9.4 % 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 Sandisk Corp (SNDK)?
The free-cash-flow yield on the price is 4.31 %: that much free cash flow Sandisk Corp produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sandisk Corp (SNDK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sandisk Corp it is $2,239 per share (as of Oct 3, 2026), against a price of $1,720. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Sandisk Corp stock overvalued or undervalued in 2026?
As of Oct 3, 2026, SNDK trades below its calculated fair value: price $1,720, fair value $2,239, a gap of about +30% (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 SNDK?
No. The price is what the market pays today ($1,720); the fair value is what the company's own numbers justify ($2,239). For Sandisk Corp the two are $519.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sandisk Corp worth?
The market values Sandisk Corp at about $267B (market capitalisation, as of Oct 3, 2026). Per share that is $1,720; our models calculate a fair value of $2,239 per share.
What do the bullish and bearish scenarios say about SNDK?
Our models span a range for Sandisk Corp: cautious scenario $1,311, base $2,239, optimistic $4,834 per share (as of Oct 3, 2026, price $1,720). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SNDK?
Sandisk Corp trades at a price-to-earnings ratio of 23.3 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $2,239 is built from several models across several years. Other multiples: P/B 16.9, P/S 13.2, EV/EBITDA 20.9.
How solid is the balance sheet of Sandisk Corp (SNDK)?
Balance-sheet figures for Sandisk Corp (as of Oct 3, 2026): return on equity 91.6%, debt of 0.12 per unit of equity. They feed the Quality Score of 82/100, which measures business quality independently of the share price.
How far is SNDK from its 52-week high?
Sandisk Corp trades at $1,720, about 26% below its 52-week high of $2,335 and 1,371% above the low of $116.91 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $2,239 is for.
Which stocks are comparable to Sandisk Corp?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Seagate Technology Holdings, Western Digital Corporation, 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 Sandisk Corp stock attractive at the current price?
The data as of Oct 3, 2026: price $1,720, calculated fair value $2,239 (+30%), Quality Score 82/100, 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 SNDK calculated?
We run Sandisk Corp through 24 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 $2,239, 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 14.9 % above its aggregate fair value. Sandisk Corp currently trades 23 % 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 Sandisk Corp (SNDK)?
The closing price on Oct 2, 2026 was $1,720. Our model-based fair value is $2,239, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sandisk Corp right now?
The rarer combination: high quality (82/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide ($1,311 to $4,834). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Sandisk Corp
How large is the market capitalisation of Sandisk Corp (SNDK)?
The market capitalisation of Sandisk Corp is $267B. 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 Sandisk Corp (SNDK)?
The price-to-sales ratio of Sandisk Corp is 13.2 (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 Sandisk Corp (SNDK)?
Earnings per share at Sandisk Corp are $73.76 (price ÷ EPS = P/E 23.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sandisk Corp (SNDK)?
The net margin of Sandisk Corp is 56.5% (fiscal year 2026). 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 Sandisk Corp (SNDK)?
The return on equity (ROE) of Sandisk Corp is 91.6% (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 Sandisk Corp (SNDK)?
On an EBIT basis the return on assets of Sandisk Corp is 6.8% (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 Sandisk Corp (SNDK)?
The operating margin of Sandisk Corp is 78.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sandisk Corp (SNDK)?
Revenue at Sandisk Corp is growing +372% versus a year earlier (3y avg +49.3%). 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 Sandisk Corp (SNDK)?
Earnings per share at Sandisk Corp are growing +618% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sandisk Corp (SNDK) hold?
Sandisk Corp holds more cash than debt, $4.4B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Oct 3, 2026