4 models fit Belden Inc Common Stock and they disagree: 1 of 4 land within 15% of the average.
Two or more of our models back this value.
Discount(i)Bronze48
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionBelden Inc Common Stock (BDC)
Fair value (4 models)
$126
ACCE price target
$117
Rating
Undervalued
Horizon
12 months
Fair value published on 18 Oct 2026, 15:06 CEST; previously $132 since 14 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 15:06 CEST.
Price used: $104 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, 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
17.4% below
+21.1% to fair value
ACCE score
57
out of 100
Analysts
100% buy
5 covering
P/E
16.9x
forward 10.4x
1-year return
-12.1%
Dividend yield
0.19%
Belden Inc Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Belden makes industrial networking gear: copper and fiber cabling, Ethernet switches, and connectivity hardware sold into factories, data centers and building systems. Its edge is in mission-critical industrial networks, where customers buy on reliability and specification rather than price, which supports a 37.2% gross margin. Revenue growth of 11.6% is running ahead of the operating margin of 11.4%, so the question for a deeper look is how much of that growth reaches the bottom line as the mix shifts toward higher-value industrial automation and data center connectivity. At 16.7 times trailing and 14.9 times forward earnings, with an 18.6% return on equity, the valuation is not stretched for a company growing at this rate, though the 57/100 score and absence from any major index mean the market is not yet paying up for it, which is worth testing before drawing conclusions.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
moderate
Elevated short interest
Short interest stands at 15.3% of shares. A stock this levered with a 1.11 debt-to-equity ratio and this much short exposure can swing hard on any earnings miss.
moderate
Thin gross-to-net spread
Gross margin of 37.2% narrows to an 8.5% net margin, so most of the gross profit is absorbed by operating costs and interest. Earnings have little cushion against a revenue slowdown.
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
Revenue grew 11.6% year over year, ahead of its 9.2% average annual pace over the past five years.
Free cash flow over the last twelve months reached $219M, a 5.4% yield at the current share price.
Why it could disappoint
The stock trades 17.4% below the model fair value of $126.09, yet the ACCE price target of $117.00 sits 11.0% above it.
At 16.7 times trailing earnings and 14.9 times forward, the stock is cheap against a sector median forward P/E of 27.3x.
Debt to equity of 1.11 and a return on invested capital of only 7.3% leave less room for error if enterprise networking demand softens.
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
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
PRO
Ask ACCE
Valuation
INVESTOR
Where BDC's valuation models land
Price
$104.15
Model fair value
$126
Model range
$63.42 to $236
Fair value $126
Price $104
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
Create a free account: 5 full stock pages a month, no card.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores