3 models fit Bel Fuse Inc. Class B Common Stock and they partly agree: 2 of 3 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionBel Fuse Inc. Class B Common Stock (BELFB)
Fair value (3 models)
$61.35
ACCE price target
$240
Rating
Overvalued
Horizon
12 months
Fair value published on 23 Oct 2026, 10:03 CEST; previously $65.00 since 18 Oct 2026, 15:05 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 15:05 CEST.
Price used: $200 at the close on 23 Oct 2026, 22:00 CEST.
Models: 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
225.2% above
-69.2% to fair value
ACCE score
46
out of 100
Analysts
100% buy
9 covering
P/E
48.8x
forward 18.6x
1-year return
+28.8%
Dividend yield
0.14%
Bel Fuse Inc. Class B Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Bel Fuse makes magnetics, power conversion modules and interconnect products (RJ45 connectors and cable assemblies) that go into networking switches, data center power supplies and industrial equipment. Its edge is a broad catalog of passive and power components sold into long-qualification design cycles, which tends to lock in volume once a part is designed into a platform. Revenue grew 25.2% over the period in the data, and the forward P/E of 26.5 is roughly half the trailing 53.6, so the market is pricing in a sharp earnings step-up that the next few reporting cycles will either confirm or dispute. An operating margin of 18.3% on a 39.5% gross margin is solid for an electronic components maker, though ROE of 10.4% shows the equity base is still large relative to profit. With a $3.2B market cap and no index membership, the name sits in the gap between small-cap coverage and institutional ownership, which is worth checking before anything else.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Earnings falling while revenue grows
Revenue grew 25.2% year over year but earnings fell 11.7%, so margin pressure is the issue, not demand. Net margin is 7.2%, and the stock trades at a P/E of 50.8.
high
Valuation far above model fair value
The price trades 225.2% above the model fair value of $61.35, and the consensus of three models sits well below the market price.
moderate
Score down sharply in 90 days
The ACCE score fell from 60 to 48 over 90 days, with valuation at 30 and momentum at 46 driving most of the decline.
moderate
Insider selling without buying
Insiders disclosed $2.21M in sales and no purchases across the last 10 filings, while insiders hold only 1.3% of shares.
AI research notes
AI-assisted·How I use AIWritten Oct 18, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 25.2% year over year, well above its 7.7% average annual pace over the past five years.
Free cash flow of $68M over the last twelve months gives the business real cash generation behind its growth.
Why it could disappoint
The stock trades 225.2% above the model fair value of $61.35, and three of four valuation models support that figure.
Earnings per share missed expectations by 10.8%, with 1.89 reported against 2.12 expected, even as revenue grew.
A trailing P/E of 50.8x and a free cash flow yield of only 2.3% leave little margin for error on earnings.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 28, 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
INVESTOR
Where BELFB's valuation models land
Price
$199.51
Model fair value
$61.35
Model range
$54.44 to $72.55
Fair value $61.35
Price $200
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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+Conviction breakdown and growth / value / quality / momentum scores