BELFA Stock Analysis: Bel Fuse | NASDAQ

Power Supplies, Circuit Protection, Fiber Optics, Magnetic Components

Total Rating 72

Safety 96

Buy Signal -0.31

Electronic Components
Industry Rotation: +15.9

Market Cap: 2.86B
Avg Turnover: 13.2M

Risk 3d forecast

Volatility52.0%

VaR 5^th Pctl8.09%

VaR vs Median-4.45%

Reward TTM

Sharpe Ratio1.10

Rel. Str. IBD68.8

Rel. Str. Peer Group69.5

Character TTM

Beta1.895

Beta Downside1.424

Hurst Exponent0.462

Drawdowns 3y

Max DD43.43%

CAGR/Max DD1.39

CAGR/Mean DD5.29

EPS (Earnings per Share)

EPS CAGR: 6.54%
EPS Trend: 40.1%

Last SUE: 2.71
Qual. Beats: 5

Revenue

Rev. CAGR: 5.81%
Rev. Trend: 45.3%

Last SUE: 0.54
Qual. Beats: 0

Warnings

Below Avwap Earnings

Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 11.7 years of data

Jan +4.4% 11

Feb -3.0% 17

Mar +0.7% 5

Apr +0.1% 7

May +0.2% 7

Jun +3.0% 8

Jul +6.4% 30

Aug -1.9% 18

Sep +1.6% 11

Oct -0.6% 11

Nov -1.0% 2

Dec -0.3% 0

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: BELFA Bel Fuse

Bel Fuse Inc. (NASDAQ: BELFA) is a U.S.-based designer, manufacturer, and marketer of electronic components that power, protect, and connect electronic circuits. Founded in 1949 and headquartered in West Orange, New Jersey, the company operates through three product groups: Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions. Its products serve a diverse range of end markets, including networking, telecommunications, computing, industrial, high-speed data transmission, defense, commercial aerospace, transportation, and e-Mobility.

The Power Solutions and Protection segment offers front-end and board-mount power supplies, industrial and transportation power products, military/aerospace/defense products, external power supplies, and circuit protection devices. The Connectivity Solutions segment includes expanded beam fiber optic connectors, copper-based connectors and cable assemblies, RF connectors, microwave devices, low loss cables, and ethernet and industrial connectivity products. The Magnetic Solutions segment provides integrated connector modules, power transformers, SMD power inductors, SMPS transformers, and discrete Ethernet components.

Bel Fuse sells its products globally through direct strategic account managers, regional sales managers working with independent sales representatives, and authorized distributors, with a presence across North America, Europe, the Middle East, and Asia. As a mid-cap company classified within the Information Technology sector (Electronic Equipment & Instruments sub-industry), Bel Fuse operates in a highly competitive industry where it competes with larger, diversified electronics manufacturers as well as smaller, specialized component suppliers serving similar high-reliability end markets.

Headlines to Watch Out For

Defense and aerospace power product revenue climbs on government spending
AI data center buildout lifts high-speed fiber optic connector demand
e-Mobility transition drives magnetic solutions and power transformer growth

Piotroski VR-10 (Strict) 7.0

Net Income: 60.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.75 > 1.0
NWC/Revenue: 72.95% < 20% (prev 42.85%; Δ 30.10% < -1%)
CFO/TA 0.07 > 3% & CFO 83.5m > Net Income 60.4m
Net Debt (-65.6m) to EBITDA (129.9m): -0.51 < 3
Current Ratio: 4.48 > 1.5 & < 3
Outstanding Shares: last quarter (13.6m) vs 12m ago 8.40% < -2%
Gross Margin: 39.52% > 18% (prev 37.84%; Δ 1.68% > 0.5%)
Asset Turnover: 67.19% > 50% (prev 62.49%; Δ 4.70% > 0%)
Interest Coverage Ratio: 9.42 > 6 (EBIT TTM 103.0m / Interest Expense TTM 10.9m)

Altman Z'' 8.36

A: 0.43 (Total Current Assets 698.7m - Total Current Liabilities 155.9m) / Total Assets 1.26b
B: 0.35 (Retained Earnings 438.2m / Total Assets 1.26b)
C: 0.09 (EBIT TTM 103.0m / Avg Total Assets 1.11b)
D: 3.61 (Book Value of Equity 909.4m / Total Liabilities 252.2m)
Altman-Z'' = 8.36 = AAA

Beneish M -3.01

DSRI: 1.04 (Receivables 166.2m/127.6m, Revenue 744.1m/594.0m)
GMI: 0.96 (GM 37.84% / 39.52%)
AQI: 0.73 (AQ_t 0.38 / AQ_t-1 0.53)
SGI: 1.25 (Revenue 744.1m / 594.0m)
TATA: -0.02 (NI 60.4m - CFO 83.5m) / TA 1.26b)
Beneish M = -3.01 (Cap -4..+1) = AA

What is the price of BELFA shares?

As of October 09, 2026, the stock is trading at USD 195.13 with a total of 146,734 shares traded. Over the past week, the price has changed by -4.23%, over one month by -5.24%, over three months by -11.59% and over the past year by +65.38%.

Current recommended Stop Loss: 185.50 (which is 4.9% or 1.2 ATR below the current price).

Is BELFA a buy, sell or hold?

Bel Fuse has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy BELFA.

StrongBuy: 3
Buy: 1
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the BELFA price?

Analysts Target Price	313	60.4%

Bel Fuse (BELFA) - Fundamental Data Overview as of 09 October 2026

Market Cap USD = 2.86b (2.86b USD * 1.0 USD.USD)
P/E Trailing = 48.4792
P/E Forward = 21.1864
P/S = 3.8477
P/B = 3.2267
P/EG = 1.4112
Revenue TTM = 744.1m USD
EBIT TTM = 103.0m USD
EBITDA TTM = 129.9m USD
Long Term Debt = 197.5m USD (from longTermDebt, last fiscal year)
Short Term Debt = 8.75m USD (from shortTermDebt, last quarter)
Debt = 240.5m USD (corrected: LT Debt 197.5m + ST Debt 8.75m) + Leases 34.3m
Net Debt = -65.6m USD (calculated: Debt 240.5m - CCE 306.1m)
Enterprise Value = 2.80b USD (2.86b + Debt 240.5m - CCE 306.1m)
Interest Coverage Ratio = 9.42 (Ebit TTM 103.0m / Interest Expense TTM 10.9m)
EV/FCF = 38.15x (Enterprise Value 2.80b / FCF TTM 73.3m)
FCF Yield = 2.62% (FCF TTM 73.3m / Enterprise Value 2.80b)
FCF Margin = 9.86% (FCF TTM 73.3m / Revenue TTM 744.1m)
Net Margin = 8.12% (Net Income TTM 60.4m / Revenue TTM 744.1m)
Gross Margin = 39.52% ((Revenue TTM 744.1m - Cost of Revenue TTM 450.0m) / Revenue TTM)
Gross Margin QoQ = 39.85% (prev 38.99%)
Tobins Q-Ratio = 2.21 (Enterprise Value 2.80b / Total Assets 1.26b)
Interest Expense / Debt = 4.55% (Interest Expense 10.9m / Debt 240.5m)
Taxrate = 16.28% (15.2m / 93.1m)
NOPAT = 86.3m (EBIT 103.0m * (1 - 16.28%))
Current Ratio = 4.48 (Total Current Assets 698.7m / Total Current Liabilities 155.9m)
Debt / Equity = 0.26 (Debt 240.5m / totalStockholderEquity, last quarter 909.4m)
Debt / EBITDA = -0.51 (Net Debt -65.6m / EBITDA 129.9m)
Debt / FCF = -0.89 (Net Debt -65.6m / FCF TTM 73.3m)
Total Stockholder Equity = 550.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.45% (Net Income 60.4m / Total Assets 1.26b)
RoE = 10.97% (Net Income TTM 60.4m / Total Stockholder Equity 550.4m)
RoCE = 13.78% (EBIT 103.0m / Capital Employed (Equity 550.4m + L.T.Debt 197.5m))
RoIC = 7.99% (NOPAT 86.3m / Invested Capital 1.08b)
WACC = 11.96% (E(2.86b)/V(3.10b) * Re(12.65%) + D(240.5m)/V(3.10b) * Rd(4.55%) * (1-Tc(0.16)))
Discount Rate = 12.65% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 48.65 | Cagr: 4.07%
[DCF] Terminal Value 67.20% ; FCFF base≈63.2m ; Y1≈72.5m ; Y5≈106.7m
[DCF] Fair Price = 492.8 (EV 976.8m - Net Debt -65.6m = Equity 1.04b / Shares 2.12m; r=11.96% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 40.08 | EPS CAGR: 6.54% | SUE: 2.71 | # QB: 5
Revenue Correlation: 45.33 | Revenue CAGR: 5.81% | SUE: 0.54 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.10 | Chg30d=-4.97% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=8.26 | Chg30d=+8.54% | Revisions=+25% | GrowthEPS=+22.6% | GrowthRev=+20.0%
EPS next Year (2027-12-31): EPS=8.01 | Chg30d=-13.50% | Revisions=-25% | GrowthEPS=-3.0% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: +17% (up=2, down=1)