Volex Plc (VLX) fair value: what the stock is really worth
As of Oct 5, 2026: fair value of Volex Plc £4.52, price £6.77, upside -33.2%, quality 48 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range £1.93 – £6.96 · fair‑value band £2.48 – £6.69 · the £6.77 price screens above the £4.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 1, 2026.
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Volex plc manufactures and sells power and connectivity in North America, Europe, and Asia.
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Volex plc manufactures and sells power and connectivity in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; consumer cable harness and power products; copper interconnect cables and data transfer cables; and data center power cables and power cords. The company also offers plugs, connectors, and receptacles, custom ruggedised wiring harnesses and battery cables, as well as Integrated Manufacturing Services, such as high level assembly, box builds, electromechanical assemblies and systems, printed circuit board assemblies, video display systems, and embedded systems. Its products are used in complex industrial technology, consumer electricals, electric vehicle, medical, and off-highway. The company sells its products to original equipment manufacturers, contract equipment manufacturers, and distributors. Volex plc was founded in 1892 and is headquartered in Basingstoke, the United Kingdom.
Stock analysis
Volex Plc (VLX) currently trades at £6.77, while our model-based Fair Value estimate is £4.52, 33.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of £5.30 per share, and 3 of the 26 models we run sit above the £6.77 price.
Bear case: the Asset-Based group reads lowest at £1.22, and 23 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: £2.48 (bear) to £6.69 (bull), the price of £6.77 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 48/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Volex Plc reported revenue of $1.2B in FY2026 versus $591M in FY2022, a compound +19.9%/yr. Reported net income was $64.7M in FY2026, compounding +20.8%/yr from FY2022.
Key figures
Market cap 1.3B GBX · P/E ratio 26.0 · P/S ratio 1.38 · EPS (TTM) £0.2600 · Dividend yield 0.7% · Net margin 5.3% · Return on equity 16.4% · Return on assets (EBIT) 9.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low 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 3% below its 52-week high and 96% 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 −33%, VLX screens cheaper than that median.
Fair Value models
Bear £2.48Fair Value £4.52Bull £6.69
Price £6.77 · Upside -33.2%
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 6 months old). Earnings retained since then (£0.1102 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.5%
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.
+18.2%
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.
+21.2%
Start year 2021 (pandemic). Over 10 years: +13.3% a year
Revenue growth 40 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.
+6.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+9.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.7%
Dividend (yield on the price)0.7%
Profit margin 2021 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.7% → 9%
2026 sits 56% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+33.1%
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.
+7.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +30.0% a year for the price and +5.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (49 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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 · 548 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−33.2% · Above median
Profitability
Return on equity (TTM)16.4% · Top 25%
Return on assets6.9% · Top 25%
Net margin (TTM)5.3% · Above median
Operating margin (TTM)9.4% · Above median
Growth and dividend
Revenue growth15.9% · Above median
Dividend yield (TTM)0.7% · Below median
Balance sheet
Debt / equity0.39× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)26.0× · Cheaper than median
P/B3.81× · Pricier than median
P/S (TTM)1.36× · Cheaper than median
P/FCF43.7× · Pricier than median
EV/EBITDA12.7× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)80· sector 57
PAST (return on equity)66· sector 26
HEALTH (low debt)81· sector 97
DIVIDEND (yield)14· sector 22
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). "Volex Plc Fair Value". https://www.fairvalue-calculator.com/stock/VLX
Frequently asked questions
Is Volex Plc (VLX) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of £4.52 versus a price of £6.77, about −33% upside (overvalued).
What is the fair value of VLX?
Our model-based fair value for Volex Plc is £4.52 (as of Oct 1, 2026), built from audited fundamentals. The current price: £6.77.
What is the quality score of VLX?
Volex Plc has a Quality Score of 48/100. 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 Volex Plc (VLX)?
Our model-based price target is the fair value of £4.52 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario £2.48, optimistic scenario £6.69. It is a calculation from audited fundamentals, not an analyst target.
What is the Volex Plc stock forecast for 2026?
Our models put fair value at £4.52, about −33% upside versus a price of £6.77 (overvalued). Cautious scenario £2.48, optimistic scenario £6.69. The calculation is refreshed regularly with new filings.
What is the revenue of Volex Plc (VLX)?
Volex Plc reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Oct 1, 2026).
Does Volex Plc pay a dividend?
Volex Plc currently shows a dividend yield of about 0.68% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Volex Plc (VLX)?
For today's price to be fair in a discounted-cash-flow model, Volex Plc would have to grow free cash flow by +33.1 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.2 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of VLX use?
Our models discount Volex Plc at 12.4 %: a base by market capitalisation (small), damped by beta 1.20, country premium for United Kingdom. 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 Volex Plc that is +33.1 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Volex Plc (VLX) delivered so far?
Over the past 5 years revenue at Volex Plc grew +21.2 % a year. The price currently implies +33.1 % 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 Volex Plc (VLX) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Volex Plc (+33.1 % 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 Volex Plc (VLX)?
The free-cash-flow yield on the price is 2.29 %: that much free cash flow Volex Plc produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Volex Plc (VLX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Volex Plc it is £4.52 per share (as of Oct 1, 2026), against a price of £6.77. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Volex Plc stock overvalued or undervalued in 2026?
As of Oct 1, 2026, VLX trades above its calculated fair value: price £6.77, fair value £4.52, a gap of about −33% (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 VLX?
No. The price is what the market pays today (£6.77); the fair value is what the company's own numbers justify (£4.52). For Volex Plc the two are £2.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Volex Plc worth?
The market values Volex Plc at about 1.3B GBX (market capitalisation, as of Oct 1, 2026). Per share that is £6.77; our models calculate a fair value of £4.52 per share.
What do the bullish and bearish scenarios say about VLX?
Our models span a range for Volex Plc: cautious scenario £2.48, base £4.52, optimistic £6.69 per share (as of Oct 1, 2026, price £6.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VLX?
Volex Plc trades at a price-to-earnings ratio of 26.0 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £4.52 is built from several models across several years. Other multiples: P/B 3.8, P/S 1.4, EV/EBITDA 12.7.
How solid is the balance sheet of Volex Plc (VLX)?
Balance-sheet figures for Volex Plc (as of Oct 1, 2026): return on equity 16.4%, debt of 0.39 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is VLX from its 52-week high?
Volex Plc trades at £6.77, about 3% below its 52-week high of £6.96 and 96% above the low of £3.45 (as of Oct 5, 2026). Distance from the high says nothing about value: that is what the fair value of £4.52 is for.
Which stocks are comparable to Volex Plc?
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 Volex Plc stock attractive at the current price?
The data as of Oct 1, 2026: price £6.77, calculated fair value £4.52 (−33%), Quality Score 48/100, 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 VLX calculated?
We run Volex Plc 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 £4.52, 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 15.1 % above its aggregate fair value. Volex Plc 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 Volex Plc (VLX)?
The closing price on Oct 5, 2026 was £6.77. Our model-based fair value is £4.52, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Volex Plc right now?
The model range is unusually wide (£2.48 to £6.69). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Volex Plc
How large is the market capitalisation of Volex Plc (VLX)?
The market capitalisation of Volex Plc is 1.3B GBX. 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 Volex Plc (VLX)?
The price-to-sales ratio of Volex Plc is 1.38 (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 Volex Plc (VLX)?
Earnings per share at Volex Plc are £0.2600 (price ÷ EPS = P/E 26.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Volex Plc (VLX)?
The dividend yield of Volex Plc is 0.7% (payout 17.7%). 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 Volex Plc (VLX)?
The net margin of Volex Plc is 5.3% (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 Volex Plc (VLX)?
The return on equity (ROE) of Volex Plc is 16.4% (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 Volex Plc (VLX)?
On an EBIT basis the return on assets of Volex Plc is 9.1% (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 Volex Plc (VLX)?
The operating margin of Volex Plc is 9.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Volex Plc (VLX)?
Revenue at Volex Plc is growing +15.9% versus a year earlier (3y avg +18.2%). 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 Volex Plc (VLX)?
Earnings per share at Volex Plc are growing +29.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Volex Plc (VLX) carry?
The net debt of Volex Plc is $152M (fiscal year 2026, ≈ 3.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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