Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Broadcom (AVGO) BMO Canadian Depositary Receipt C$8.98, price C$10.93, upside -17.9%, quality 68 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. As of Sep 24, 2026.
How to read this chart
11‑month range C$8.82 – C$14.42 · fair‑value band C$5.52 – C$14.87 · the C$10.93 price screens above the C$8.98 fair value. As of Sep 24, 2026.
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Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally. The company operates in two segments: Semiconductor Solutions and Infrastructure Software.
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Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally. The company operates in two segments: Semiconductor Solutions and Infrastructure Software. The company offers networking connectivity, such as custom silicon solutions, ethernet switching & routing, ethernet NIC controllers, physical layer devices, and fiber optic components; wireless device connectivity, including RF semiconductor devices, connectivity solutions, custom touch controllers, and inductive charging ASICS; servers and storage system solutions, such as PCIE switches, SAS & raid products, fibre channel products, and HDD & SSD solutions; broadband solutions, includes set-top box, and broadband access; and industrial. The company also offers a private cloud software portfolio, including the VMware Cloud Foundation, Edge, vSphere foundation, telco cloud platform, private AI, live recovery, application networking and security, application development and data services; mainframe software, such as AIOPS & automation, database & data management, DEVX & DEVOPS, cybersecurity & compliance management, beyond code programs, foundational & open mainframe solutions; cybersecurity, such as endpoint, network, information, application security, and identity & access management; enterprise software; and fc san management. Its products are used in various applications in enterprise and data center networking, including artificial intelligence networking and connectivity, home connectivity, set-top boxes, broadband access, telecommunication equipment, wireless device and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom Inc. was founded in 1961 and is headquartered in Palo Alto, California.
Stock analysis
Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) (ZAVG) currently trades at C$10.93, while our model-based Fair Value estimate is C$8.98, 17.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of C$58.78 per share, and 26 of the 26 models we run sit above the C$10.93 price.
Bear case: the Asset-Based group reads lowest at C$16.31, and 0 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: C$5.52 (bear) to C$14.87 (bull), the price of C$10.93 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 68/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) reported revenue of $63.9B in FY2025 versus $33.2B in FY2022, a compound +24.4%/yr. Reported net income was $23.1B in FY2025, compounding +26.2%/yr from FY2022.
Key figures
Market cap C$51.8B (≈ $36.4B) · P/E ratio 1.3 · P/S ratio 0.47 · EPS (TTM) C$8.39 · Net margin 36.2% · Return on equity 37.3% · Return on assets (EBIT) 16.6% · Operating margin 49.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at −18%, ZAVG screens cheaper than that median.
Fair Value models
Bear C$5.52Fair Value C$8.98Bull C$14.87
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 2025 figures (about 11 months old). Earnings retained since then (C$5.40 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
+23.9%
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.
+24.4%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
+20.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.4%
Dividend (yield on the price)0.0%
Profit margin 2022 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.43% → 41%
2025 sits 77% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
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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.Semiconductors · 329 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside−17.8% · Above median
Profitability
Return on equity (TTM)37.3% · Top 25%
Return on assets12.1% · Top 25%
Net margin (TTM)38.9% · Top 25%
Operating margin (TTM)49.0% · Top 25%
Growth and dividend
Revenue growth47.9% · Top 25%
Dividend yield (TTM)23.2% · Top 25%
Balance sheet
Debt / equity0.76× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)1.3× · Cheapest 25%
P/B0.45× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) Fair Value". https://www.fairvalue-calculator.com/stock/ZAVG
Frequently asked questions
Is Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of C$8.98 versus the last price from Sep 22, 2026 of C$10.93, about −18% upside (overvalued).
What is the fair value of ZAVG?
Our model-based fair value for Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is C$8.98 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 22, 2026): C$10.93.
What is the quality score of ZAVG?
Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) has a Quality Score of 68/100. 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 Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
Our model-based price target is the fair value of C$8.98 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario C$5.52, optimistic scenario C$14.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) stock forecast for 2026?
Our models put fair value at C$8.98, about −18% upside versus the last price from Sep 22, 2026 of C$10.93 (overvalued). Cautious scenario C$5.52, optimistic scenario C$14.87. The calculation is refreshed regularly with new filings.
What is the revenue of Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) reported trailing-twelve-month revenue of about $75.5B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) it is C$8.98 per share (as of Sep 24, 2026), against a price of C$10.93. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ZAVG trades above its calculated fair value: price C$10.93, fair value C$8.98, a gap of about −18% (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 ZAVG?
No. The price is what the market pays today (C$10.93); the fair value is what the company's own numbers justify (C$8.98). For Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) the two are C$1.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) worth?
The market values Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) at about C$51.8B (market capitalisation, as of Sep 24, 2026). Per share that is C$10.93; our models calculate a fair value of C$8.98 per share.
What do the bullish and bearish scenarios say about ZAVG?
Our models span a range for Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged): cautious scenario C$5.52, base C$8.98, optimistic C$14.87 per share (as of Sep 24, 2026, price C$10.93). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZAVG?
Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) trades at a price-to-earnings ratio of 1.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$8.98 is built from several models across several years. Other multiples: PEG 0.0, P/B 0.5, P/S 0.5, EV/EBITDA 2.0.
What is the PEG ratio of ZAVG?
The PEG ratio of Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is 0.02 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
Balance-sheet figures for Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) (as of Sep 24, 2026): return on equity 37.3%, debt of 0.76 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
Which stocks are comparable to Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged)?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron 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 Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) stock attractive at the current price?
The data as of Sep 24, 2026: price C$10.93, calculated fair value C$8.98 (−18%), Quality Score 68/100, 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 ZAVG calculated?
We run Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) 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 C$8.98, 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. Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) 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 Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
The latest price we hold is from Sep 22, 2026 and stands at C$10.93. Our model-based fair value is C$8.98, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) right now?
The model range is unusually wide (C$5.52 to C$14.87). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged)
How large is the market capitalisation of Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
The market capitalisation of Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is C$51.8B (≈ $36.4B). 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 Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
The price-to-sales ratio of Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is 0.47 (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 Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
Earnings per share at Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) are C$8.39 (price ÷ EPS = P/E 1.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
The net margin of Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is 36.2% (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 Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
The return on equity (ROE) of Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is 37.3% (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 Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
On an EBIT basis the return on assets of Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is 16.6% (avg 4y). 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 Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
The operating margin of Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is 49.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
Revenue at Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is growing +47.9% versus a year earlier (3y avg +24.4%). 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 Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG)?
Earnings per share at Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) are growing +85.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG) generate?
The free cash flow of Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is $26.9B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Broadcom (AVGO) BMO Canadian Depositary Receipt (ZAVG) carry?
The net debt of Broadcom (AVGO) BMO Canadian Depositary Receipt (CAD Hedged) is $49.0B (fiscal year 2025, ≈ 1.8 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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Broad data
Sep 24, 2026