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LQDT

Liquidity Services Inc. Common Stock (LQDT) fair value

Consumer Cyclical · Internet Retail · NASDAQ · United States
$44.85+1.24%
Market cap $1.4BNext earnings 2026-11-19Updated Oct 17, 2026
Add earnings to calendarGoogle
Our verdict
Trades 93% above our fair value
Price
$44.85
Model fair valueConfidence: good
$23.20
Model range
$11.22 to $33.35
Fair value $23.20
Price $44.85
4 models fit Liquidity Services Inc. Common Stock and they disagree: 1 of 4 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Silver68
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionLiquidity Services Inc. Common Stock (LQDT)
Fair value (4 models)
$23.20
ACCE price target
$45.00
Rating
Overvalued
Horizon
12 months
Fair value published on 18 Oct 2026, 00:00 CEST; previously $36.22 since 14 Oct 2026, 00:00 CEST.
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Price used: $44.85 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, Graham number, and P/E comparison.
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
Full methodology
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
93.3% above
-48.3% to fair value
ACCE score
73
out of 100
Analysts
100% buy
2 covering
P/E
44.0x
forward 24.6x
1-year return
+82.6%
Dividend yield
0.00%

Liquidity Services Inc. Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Liquidity Services runs online marketplaces for surplus and retired assets, including GovDeals and AuctionsPlus, where government agencies, corporations and commercial sellers list equipment, vehicles and inventory for buyers to bid on. Its moat is the seller network and transaction volume built up over two decades, which pulls in buyers and keeps listing fees and buyer premiums flowing without much incremental cost. Revenue growth of 8.1% and a 47.6% gross margin suggest the marketplace model is holding up, with 10.8% operating margin leaving room for operating leverage as volume scales. The trailing P/E of 43.2 falls to 24.6 on forward estimates, so the market is paying for earnings recovery rather than current profit, which makes the next few quarters of margin progression the thing to test. At a 73/100 score and roughly $1.4B market cap, with no index membership, it is a small-cap name that merits a deeper look at whether the margin trajectory justifies the gap between trailing and forward multiples.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • moderate
    Valuation stretched vs model
    Price trades 93.3% above the model fair value of $23.20, and P/E is 43.0 against a forward P/E of 24.6, so the price leans on earnings growth arriving.
  • moderate
    Revenue growth slowing, QoQ dip
    Revenue grew 8.1% year on year but fell 0.4% quarter on quarter, below the 18.3% five-year revenue CAGR.
  • moderate
    Insider selling, no buying
    Last 10 disclosed insider transactions total $2.52M in sales and $0.00M in buys.

AI research notes

AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-10-17 · prices to Oct 23, 2026
Why it could do well
  • Free cash flow over the last twelve months reached $59M, showing the business generates real cash beyond its accounting profit.
  • Earnings per share beat expectations by 39.1%, with 0.32 reported against 0.23 expected in the latest quarter.
Why it could disappoint
  • The stock trades 93.3% above the model fair value of $23.20, and all four valuation models sit below the share price.
  • Surplus asset supply is lumpy, so revenue can swing sharply from one period to the next, and the 8.1% growth rate may not persist.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 19, 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

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Valuation

INVESTOR
Where LQDT's valuation models land
Price
$44.85
Model fair value
$23.20
Model range
$11.22 to $33.35
Fair value $23.20
Price $44.85
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.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish100% buy · 2 covering analysts
● Strong buy 1● Buy 1● Hold 0● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+2.3%
1 month
+5.0%
3 months
+19.4%
6 months
+28.5%
YTD
+48.0%
1 year
+82.6%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
18 Oct 2026, 00:00 CESTFair value$23.20$36.22$43.86
14 Oct 2026, 00:00 CESTFair value$36.22$37.56$43.39
12 Oct 2026, 00:00 CESTACCE price target$45.00first publication$43.13
6 Oct 2026, 00:00 CESTFair value$37.56$22.04$43.23
22 Sept 2026, 00:00 CESTFair value$22.04$22.30$42.88
14 Sept 2026, 00:00 CESTFair value$22.30$22.65$42.49
12 Sept 2026, 00:00 CESTFair value$22.65$23.00$41.49
7 Sept 2026, 00:00 CESTFair value$23.00$23.34$42.11
30 Aug 2026, 00:00 CESTFair value$23.34$39.23$41.48
25 Aug 2026, 00:00 CESTFair value$39.23$23.55$43.18

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth76Value45Quality72Momentum97Total73
Valuation
Trailing P/E
44.0x
Forward P/E
24.6x
PEG
1.78
P/B
5.71x
EV / Revenue
2.3x
Book value/sh
$7.53
Enterprise value
$1.1B
Profitability
ROE
15.0%
FCF yield
4.32%
ROIC
10.6%
Health and risk
Debt / equity
0.07
Dividend yield
0.00%
Beta
1.04

Price

+80.7% · 1Y

Ask anything about LQDT

Answered from Liquidity Services Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 0% of peers
low 0.0x44.0xhigh 44.0x
ROEbetter than 100% of peers
low -636%15%high 15%
Div yieldbetter than 83% of peers
low 0.0%0.0%high 2.6%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
LQDT Liquidity Services Inc. Common Stock$44.85$2393% above44.0x15.0%7273
RVLV Revolve Group Inc. Class A Common Stock$22.69$1372% above21.8x14.3%6560
HEPS D-Market Electronic Services & Trading American Depositary Shares$2.79----636.5%3046
RERE ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares)$3.77$635% below13.7x12.3%5264
THG.L THG Plc£0.39£027% above--10.1%3440
JMIA Jumia Technologies AG American Depositary Shares each representing two Ordinary Shares$5.91----216.2%3928
PTRN Pattern Group Inc. Series A Common Stock$16.53---4.9%5152

Sector report card

Where LQDT ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Oct 1, 2026
    Liquidity Services Acquires Invaluable Marketplace
  • GlobeNewswire•Sep 10, 2026
    Mississippi Department of Public Safety Launches Online Surplus Auction on GovDeals
  • GlobeNewswire•Sep 10, 2026
    Machinio Adds New Marketplace Features to Increase Buyer Confidence in Machinery and Equipment Purchases
12 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 2
Form 4Insider transactionPeriod 2026-10-01
View on SEC →
Oct 2
Form 4Insider transactionPeriod 2026-10-01
View on SEC →
Oct 1
8-KCurrent reportPeriod 2026-10-01
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR