2 models fit CPS Technologies Corp. Common Stock and they agree: 2 of 2 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 opinionCPS Technologies Corp. Common Stock (CPSH)
Fair value (2 models)
$0.96
ACCE price target
$2.51
Rating
Overvalued
Horizon
12 months
Fair value published on 19 Oct 2026, 18:04 CEST; previously $0.98 since 15 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 18:04 CEST.
Price used: $3.51 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E 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
267.4% above
-72.8% to fair value
ACCE score
23
out of 100
Analysts
100% buy
1 covering
P/E
0.0x
forward 66.2x
1-year return
-6.6%
Dividend yield
0.00%
CPS Technologies Corp. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
CPS Technologies makes metal matrix composite materials, mainly aluminum-silicon carbide substrates used to pull heat away from power electronics, which keeps it tied to niche end markets like EV power modules and defense electronics. Its edge is a patented, relatively small-scale manufacturing process for these materials, but the financials show little pricing power yet: gross margin sits at 14.1%, operating margin at -3.1%, and revenue grew only 2.9%. The thesis depends on converting qualification wins in power electronics into volume, and the data here does not yet show that conversion. At a market cap of about $69M and a forward P/E of 66.2 on negative earnings, the stock prices in a turnaround that has not appeared in the numbers, and the composite score of 22/100 with no index membership reflects that. This warrants a deeper look only if you have evidence that backlog or design-win announcements are turning into sustained margin expansion.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Earnings collapse year over year
Earnings fell 72.0% year over year while revenue grew 2.9%, and operating margin is -3.1%. Profitability has deteriorated sharply on a small revenue base.
high
Price far above model fair value
The stock trades 267.4% above the model fair value of $0.96, and 39.8% above the ACCE price target of $2.51. Valuation gives little margin of safety.
moderate
Negative free cash flow
Free cash flow was $-513,131, so the business is burning cash despite a near-zero debt-to-equity ratio of 0.01.
moderate
Score down over 90 days
The ACCE score fell from 29 to 24 over 90 days, with Value at 20 and Growth at 19, both weak.
AI research notes
AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 2.9% over the past year, and has averaged 9.3% annual growth across five years.
Debt is almost nonexistent, with debt to equity at just 0.01, leaving little balance sheet strain.
Why it could disappoint
The company lost money on a net basis, with a net margin of -0.1% and free cash flow of -$513,131 over the last twelve months.
Model fair value is $0.96, so the shares trade 267.4% above it.
The latest quarter missed expectations badly, with earnings per share of -0.02 against 0.01 expected, a -300.0% surprise.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 4, 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 CPSH's valuation models land
Price
$3.51
Model fair value
$0.96
Model range
$0.91 to $1.00
Fair value $0.96
Price $3.51
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
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
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+Conviction breakdown and growth / value / quality / momentum scores