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Turtle Beach Corporation (TBCH) Fair Value & Analysis

Technology · US · Market cap $268M

TB Turtle Beach Corporation logo Turtle Beach Corporation TBCH · US
Price$13.95
Fair Value$14.33
Upside+2.7%
Quality52/100
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Mixed Growth
Thin margins · 0.4% net margin
Low debt · generates free cash flow
Trails peers (4/14)
Narrow moat 26/100
Evidence: High Range $10.11 – $18.76 Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from $15.85 to $14.33 (−9.6%) since Jun 24, 2026. Share price +11.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($10.11 to $18.76) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$38.12 $6.38 Fair Value $14.33 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range $6.38 – $38.12 · fair‑value band $10.11 – $18.76 · the $13.95 price screens below the $14.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Turtle Beach Corporation (TBCH) currently trades at $13.95, while our model-based Fair Value estimate is $14.33, implying the stock looks roughly 2.7% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Turtle Beach Corporation generated revenue of $298M at a net margin of 0.4%. Revenue declined 34.0% year over year. It earns a return on equity of 1.0%. Net debt stands at $67.3M. Fundamentals as of Jul 21, 2026

Our scenario range runs from $10.11 (bear case) to $18.76 (bull case); at $13.95, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 20% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -16% fair-value upside, at 3%, TBCH screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Growth DCF $17.56 $29.26 $47.54 80
Rev-Margin DCF $13.19 $22.53 $42.20 74
ROIC Compounder $4.85 $5.61 $6.22 72
All 24 models by family
DCF Models
FCF DCF $18.85 $27.01 $50.85 38
Owner Earnings $13.51 $27.96 $53.19 31
5Y Revenue Exit $11.94 $19.50 $35.14 39
5Y EBITDA Exit $15.88 $27.46 $50.08 41
5Y P/E Exit $13.42 $28.01 $47.25 38
10Y Revenue Exit $14.17 $27.43 $34.34 36
10Y EBITDA Exit $16.93 $34.67 $64.19 37
10Y P/E Exit $15.39 $30.15 $52.96 35
Earnings-Based
Graham-Dodd $5.39 $37.59 $52.75 54
Lynch FV $19.42 $27.74 $36.06 50
PEG = 1.0 $19.42 $27.74 $36.06 46
EPV $4.85 $5.61 $6.22 59
Multiples
P/E Multiple $11.89 $15.85 $19.81 63
P/S Multiple $10.11 $13.47 $16.84 58
P/B Multiple $10.11 $13.47 $16.84 55
EV/EBIT $11.81 $16.24 $20.67 53
EV/EBITDA $14.22 $19.46 $24.69 54
EV/Revenue $7.48 $11.32 $15.16 43
Asset-Based
NCAV (Graham) $3.24 $4.34 $6.47 50
Growth DCF
Growth DCF $17.56 $29.26 $47.54 80
Rev-Margin DCF $13.19 $22.53 $42.20 74
Economic Profit
Residual Income $5.42 $6.01 $8.30 61
ROIC Compounder $4.85 $5.61 $6.22 72
Growth Earnings
Growth-Adj P/E $25.02 $35.75 $46.47 68

Widest divergence: Growth Earnings ($35.75) versus Asset-Based ($4.34). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $298M
Revenue growth (YoY) -34.0%
Net margin 0.4%
Return on equity 1.0%
Free cash flow $34.0M FY2025
P/E ratio 676.0
More key figures
Operating margin -33.3%
EPS (TTM) $0.0200
EPS growth (YoY) -9.4%
Net debt $67.3M FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 56 · Market factors (momentum, volatility) 37

Profitability 59
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 13
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 50
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Turtle Beach Corporation, an audio and gaming technology company, develops and markets audio and gaming accessory products under the Turtle Beach brand in the Americas, Europe, the Middle East, and the Asia Pacific.

Full company description

Turtle Beach Corporation, an audio and gaming technology company, develops and markets audio and gaming accessory products under the Turtle Beach brand in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers headsets, controllers, keyboards, mice, flight and racing simulation hardware, microphones, and fight sticks; accessories, such as mousepads, headset stands and cases, and chargers; and replacement parts for transmitters, headsets, mice, keyboards, controllers, and flight simulation products. Its products are used with video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices. The company serves professional streamers, content creators, and esports gamers; and retailers, distributors, and online customers. Turtle Beach Corporation was founded in 1975 and is headquartered in San Diego, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Turtle Beach Corporation reported revenue of $320M in FY2025 versus $366M in FY2021, a compound −3.3%/yr. Reported net income was $15.7M in FY2025, compounding −2.9%/yr from FY2021.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$320M
Avg. growth/yr (3Y) 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.
+0.6%
Avg. growth/yr (5Y) 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.
+9.7%
Avg. growth/yr (16Y) 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.
+47.5%
Revenue −3.3%/yr
FY21 $366M
FY22 $240M
FY23 $258M
FY24 $373M
FY25 $320M
Net income −2.9%/yr
FY21 $17.7M
FY22 −$59.5M
FY23 −$17.7M
FY24 $16.2M
FY25 $15.7M

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Cite: Fair Value Calculator (2026). "Turtle Beach Corporation Fair Value". https://www.fairvalue-calculator.com/stock/TBCH

Peer Group

Consumer Electronics · 129 stocks

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.

Quality Score 52 · Above median
Fair Value upside +3% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 2% · Above median
Net margin (TTM) 0% · Below median
Operating margin (TTM) -33% · Bottom 25%
Revenue growth -34% · Bottom 25%
Debt / equity 0.36× · Higher than 75% of peers

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/E (TTM) 676.0× · Pricier than 75% of peers
P/B 2.09× · Pricier than median
P/S (TTM) 0.90× · Pricier than median
P/FCF 7.9× · Pricier than 75% of peers
EV/EBITDA 14.7× · Pricier than median
PEG 0.98× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 37 · sector 8
FUTURE 0 · sector 13
PAST 4 · sector 10
HEALTH 82 · sector 97
DIVIDEND 0 · sector 29

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Apple Inc AAPL $313.33 $122.91 -61%
Samsung Electronics Co 005930 255,000 KRW 138,019 KRW -46%
Sony Group SONYN 366.00 MXN 468.94 MXN +28%
Xiaomi Corporation 1810 HK$26.88 HK$39.84 +48%
LG Electronics Inc 066570 179,000 KRW 101,531 KRW -43%
Sharetronic Data Technology Co 300857 ¥277.96 ¥35.89 -87%
Huaqin Co 603296 ¥78.20 ¥65.69 -16%
Goertek Inc 002241 ¥22.25 ¥18.86 -15%
LG Corp 003550 102,400 KRW 93,881 KRW -8%
Anker Innovations Limited 300866 ¥105.92 ¥78.52 -26%

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Frequently asked questions

Is Turtle Beach Corporation (TBCH) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of $14.33 versus a price of $13.95, about +3% (fairly valued).
What is the fair value of TBCH?
Our model-based fair value for Turtle Beach Corporation is $14.33 (as of Jul 21, 2026), built from audited fundamentals. The current price is $13.95.
What is the quality score of TBCH?
Turtle Beach 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 revenue of Turtle Beach Corporation (TBCH)?
Turtle Beach Corporation reported trailing-twelve-month revenue of about $298M (latest available figure, as of Jul 21, 2026).
What is the net profit margin of TBCH?
The net profit margin of Turtle Beach Corporation is about 0.4%, meaning it keeps roughly 0.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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