2 models fit Acco Brands Corporation Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Large discount(i)Silver77
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionAcco Brands Corporation Common Stock (ACCO)
Fair value (2 models)
$6.05
ACCE price target
$5.10
Rating
Undervalued
Horizon
12 months
Fair value published on 18 Oct 2026, 15:05 CEST; previously $5.66 since 14 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 15:05 CEST.
Price used: $4.57 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
24.5% below
+32.4% to fair value
ACCE score
66
out of 100
Analysts
100% buy
2 covering
P/E
7.4x
forward 4.7x
1-year return
+12.0%
Dividend yield
6.41%
Acco Brands Corporation Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
ACCO Brands makes office and school supplies, binders, paper products, presentation and projection accessories, and computer accessories under brands such as Five Star, Swingline and Kensington, selling mainly through big-box retailers and office-supply channels. Its edge is the scale and brand recognition of those household names in a mature category, which keeps shelf space and distribution hard for smaller rivals to displace. Revenue growth of 5.1% and a 32.8% gross margin point to a business that is still expanding while holding its pricing. The stock trades at 7.4 times trailing earnings and 4.5 times forward earnings, a steep discount to what the market usually pays for a company growing sales, though the 8.8% return on equity and 8.5% operating margin show the market has reason to be cautious about how much of that growth reaches shareholders. The question for a PM is whether the forward multiple reflects a durable earnings base or one that is set to shrink.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Earnings collapsing year over year
Earnings are down 51.6% YoY while revenue grew 5.1%, so profit is shrinking even as sales rise. Net margin of 3.7% leaves little cushion if this continues.
high
Leveraged balance sheet
Debt/Equity of 1.39 is high for a company whose revenue has contracted at a 1.6% five-year CAGR, limiting flexibility if earnings keep falling.
moderate
Heavy short interest
Short interest sits at 7.1% of float, meaning a meaningful group of investors is betting the shares fall further.
AI research notes
AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow over the last twelve months reached $51M, and the stock's free cash flow yield is 12.2%.
Revenue grew 5.1% year over year, and the latest quarter beat earnings expectations, with earnings per share of 0.29 against 0.27 expected.
The shares trade at 4.7x forward earnings against a sector median of 23.6x, and the dividend yield is 6.6%.
Why it could disappoint
Return on invested capital is just 2.1%, and debt sits at 1.39 times equity, which leaves little room for error.
Revenue has shrunk by an average of 1.6% a year over five years, and net margin is only 3.7%.
The model fair value of $6.05 rests on only 2 of 4 valuation models, and the price implies cash flow growth of just 2.1% a year.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 29, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where ACCO's valuation models land
Price
$4.57
Model fair value
$6.05
Model range
$3.66 to $8.44
Fair value $6.05
Price $4.57
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
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