BELFA

Bel Fuse

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Technology

industry

Electronic Components

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

04/23/26

Business Summary

Bel Fuse designs and manufactures electronic components that are embedded inside larger systems rather than sold as end-user products. It generates cash by producing specialized connectivity, protection, and power solutions that are critical but relatively low-cost within complex electronic assemblies. Its moat is rooted in engineering integration, qualification cycles, and customer switching costs within industrial and technology hardware ecosystems. Because its products are embedded deep within infrastructure and device architectures, revenue tends to be tied to broader hardware cycles rather than consumer brand volatility, allowing steady operating margin capture at 14.50%.

VALUATION

P/E

48.1

Market Cap ($M USD)

$2,985

Forward P/E

27.6

PEG

1.4

PRICE TO SALES

4.2

PRICE TO BOOK

6.6

EV / EBITDA

22.8

5-Year Average P/E

DIVIDEND

Yield

0.10%

Annual Payout

$0.24

Payout Ratio

5.20%

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

0.00%

Financial Health & Profitability

Earnings Per Share

$4.65

Next Year EPS Growth Estimate

$8.10

Next Year Revenue Growth Estimate

6.10%

Return on Equity (ROE)

14.50%

Operating Margin

16.00%

Debt-to-Equity

0.5

Piotroski F-Score

7

Altman Z-Score

6.3

Return on Invested Capital (ROIC)

10.90%%

Current Ratio

3

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 48.1x earnings with a Forward P/E of 27.6 and a PEG Forward of 1.4, BELFA is priced as a growth compounder, not a cyclical component supplier. The compression from 48.1 to 27.6 implies a sharp earnings inflection, yet the market is still demanding a premium multiple despite just 6.10% Return on Equity. The Altman Z-Score of 6.3 and Current Ratio of 3 signal extremely strong balance sheet health, meaning bankruptcy risk is negligible and financial flexibility is high. This is not distressed value — it is a financially sound company priced for forward growth, and the key question is whether that growth justifies paying nearly 28x forward earnings.

AI Exposure / Tech Reliance

Operating in Electronic Components within the Technology sector, BELFA sits directly in the supply chain that enables AI hardware, data infrastructure, and advanced electronics. Component suppliers that maintain operating discipline can benefit from secular demand without absorbing full platform risk. The 14.50% Operating Margin suggests it has enough pricing structure to participate in tech modernization cycles without being purely commoditized.

The Bull Case

A GARP investor buys this because the fundamentals are quietly solid and improving. A Piotroski F-Score of 7 signals strong operational and balance sheet quality, while ROIC of 10.90% exceeds the 6.10% ROE dynamic in a way that suggests disciplined capital deployment. Operating Margin at 14.50% combined with low Debt/Equity of 16.00% shows a business that converts revenue into operating profit without relying on leverage. Institutional Ownership at $88.00 supports the idea that serious capital already views this as a credible compounder. Add an Altman Z-Score of 6.3 and a Current Ratio of 3, and you have a financially durable operator that can fund growth internally while maintaining stability.

The Bear Case

Now the attack: 48.1x earnings is expensive for a company producing just 6.10% ROE and paying only a 0.5 yield with a Dividend 5-Year Avg (%) of 0. The PEG Forward of 1.4 implies growth is not cheap, and with Sales Growth Next Year listed at $8.10, visibility is questionable relative to the premium multiple. The P/E to Forward P/E compression assumes execution perfection, and any miss could re-rate the stock materially. Short % of Float at 0.00% suggests complacency — there is no embedded skepticism to cushion disappointment, and Consensus Rating at 2.30% with a Mean Consensus Target Price of 1 provides little evidence of strong upside conviction.

Market Sentiment & Smart Money

Short Interest %

2.30%

Analyst Consensus

1

Average Analyst Price Target

$88.00

Institutional Ownership %

47.00%

1-Year Beta

2.06

Insider Buying % (6 Mo)

22.20%%

Distance to 52-Week High

98.10%%

Distance to 52-Week Low

372.50%%