3 models fit GlobalFoundries Inc. Ordinary Shares and they disagree: 0 of 3 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Bronze47
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionGlobalFoundries Inc. Ordinary Shares (GFS)
Fair value (3 models)
$45.47
ACCE price target
$47.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 19 Oct 2026, 18:04 CEST; previously $46.67 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 24 Sept 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 18:04 CEST.
Price used: $44.39 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
2.4% below
+2.4% to fair value
ACCE score
46
out of 100
Analysts
57% buy
23 covering
P/E
34.7x
forward 16.9x
1-year return
+26.2%
Dividend yield
1.11%
GlobalFoundries Inc. Ordinary Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
GlobalFoundries makes specialty analog, RF, and embedded non-volatile memory chips on mature process nodes, the kind that go into automotive modules, power management, and wireless front-ends rather than leading-edge CPUs. Its moat is less about cutting-edge technology than about being a trusted second source with long-qualified process platforms, which customers are reluctant to move off once designed in. Near-term the story is a cyclical recovery in industrial and auto end markets combined with onshore manufacturing demand, though the company is still earning only a 6.2% ROE and a 9.7% operating margin. The valuation is the reason to look closer: the trailing P/E of 37.8 compresses to 18.4 on forward estimates, implying a sharp earnings ramp that has to be verified. On revenue growth of 5.8% and a 27.1% gross margin, the thesis rests on operating leverage materializing, and the 50/100 score says the screen does not yet see enough evidence for that.