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
11.0% above
-9.9% to fair value
ACCE score
54
out of 100
Analysts
75% buy
4 covering
1-year return
+30.5%
Dividend yield
0.91%
Littelfuse Inc. Common Stock in four questions
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Overview
ACCE thesis
Littelfuse makes circuit protection components, including fuses, semiconductor-based protection devices and relays, sold mainly into automotive, industrial and electronics end markets. Its edge is qualification: once its parts are designed into a vehicle platform or industrial system, they tend to stay for the life of that program, which supports the 39.3% gross margin. Revenue growth of 20.4% is the number to test, since it suggests the electrification content in vehicles and the data-center and industrial demand are feeding through faster than the cyclical base. The forward P/E of 23.5 against a trailing P/E that is zero on a loss-making GAAP year means the market is pricing recovery rather than current earnings, so the question is whether the 18.8% operating margin holds as volumes rise. ROE of -0.3% reflects that the bottom line has not yet caught up, so the deeper look should start with the reconciliation between GAAP and adjusted earnings.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
moderate
Score down sharply
ACCE score fell 10 points over 90 days, from 68 to 58, with Valuation at 34 and Quality at 48. The price trades 11.0% above the model fair value of $316.65.
moderate
Net margin near zero
Net margin is -0.3% and ROE is -0.3% despite an 18.8% operating margin, so the gap between operating and bottom-line profit needs explaining before the strong earnings growth can be trusted.
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 20.4% year over year, well ahead of its 10.5% average annual pace over the last five years.
Free cash flow over the last twelve months reached $366M, and the stock offers a 3.8% free cash flow yield.
Why it could disappoint
Net margin was -0.3%, and return on equity was -0.3%, so the business is not yet turning sales into profit for shareholders.
The stock trades 11.0% above the model fair value of $316.65, and only 2 of 4 valuation models are in the consensus.
At a 23.5x forward P/E the stock is still cheaper than the sector median of 28.2x, but the price implies 7.5% yearly cash flow growth forever.
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 LFUS's valuation models land
Price
$351.39
Model fair value
$317
Model range
$176 to $481
Fair value $317
Price $351
The price sits inside the model range.
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Quality
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