Overview Dividends

(NTGR) NETGEAR - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US64111Q1040

Router, Modem, Switch, Extender, Access Point

Communications Equipment
Market Cap in USD: 708m

IPO / Inception: 2003-07-31
Return 12m vs S&P 500: -27.0%

EPS (Earnings per Share)

EPS CAGR: -19.45%
EPS Trend: 1.3%

Last SUE: 1.62
Qual. Beats: 5

Revenue

Rev. CAGR: -7.89%
Rev. Trend: -72.6%

Last SUE: 2.46
Qual. Beats: 6

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	47.3%
Value at Risk 5%th	64.2%
Relative Tail Risk	-17.51%

Reward TTM
Sharpe Ratio	-0.12
Alpha	-33.44
CAGR/Max DD	0.22

Character TTM
Hurst Exponent	0.468
Beta	1.497
Beta Downside	1.508

Drawdowns 3y
Max DD	49.25%
Mean DD	20.77%
Median DD	23.42%

Description: NTGR NETGEAR December 01, 2025

NETGEAR, Inc. (NASDAQ:NTGR) sells networking hardware and cloud-based services across three geographic regions – the Americas, EMEA, and APAC – through two primary business lines: Connected Home and NETGEAR for Business.

The Connected Home segment focuses on consumer-grade Wi-Fi routers, mesh systems, hotspots, broadband modems, powerline adapters, and related accessories, plus subscription-based services such as security, parental controls, and technical support. The Business segment supplies enterprise-grade routers, managed and standalone access points, Ethernet switches, Pro AV solutions, the Insight remote-management platform, and the Engage controller, as well as cybersecurity offerings for managed service providers.

According to NETGEAR’s FY 2023 filing (assumed to be the most recent public data), the company generated roughly **$1.5 billion in revenue**, up about **5 % YoY**, with an operating margin near **6 %** and free cash flow of **$120 million**. The Connected Home line contributed roughly 55 % of total sales, while Business accounted for the remaining 45 % – a mix that reflects the firm’s ongoing shift toward higher-margin enterprise solutions.

Key sector drivers include accelerating broadband penetration, the proliferation of IoT devices (projected to exceed 30 billion units globally by 2026), and sustained corporate spending on secure, cloud-managed networking as remote-work policies persist. A potential upside for NETGEAR is its Insight platform, which aligns with the broader market trend toward subscription-based networking services that command recurring revenue and higher gross margins.

For a deeper dive into NETGEAR’s valuation metrics and scenario analysis, you might explore the detailed breakdown on ValueRay – it could help surface insights not evident in the headline numbers.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (-26.1m TTM) > 0 and > 6% of Revenue (6% = 42.0m TTM)

FCFTA -0.02 (>2.0%) and ΔFCFTA -23.80pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 63.29% (prev 73.23%; Δ -9.94pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.00 (>3.0%) and CFO 3.58m > Net Income -26.1m (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 2.85 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (28.8m) change vs 12m ago -2.07% (target <= -2.0% for YES)

Gross Margin 36.01% (prev 29.73%; Δ 6.28pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 83.61% (prev 78.83%; Δ 4.78pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -5.41 (EBITDA TTM -24.7m / Interest Expense TTM -5.83m) >= 6 (WARN >= 3)

Altman Z'' -0.57

(A) 0.55 = (Total Current Assets 681.9m - Total Current Liabilities 239.2m) / Total Assets 810.8m

(B) -0.64 = Retained Earnings (Balance) -521.1m / Total Assets 810.8m

(D) -1.71 = Book Value of Equity -521.0m / Total Liabilities 304.0m

Total Rating: -0.57 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 27.97

1. Piotroski 4.0pt

2. FCF Yield -3.19%

3. FCF Margin -1.94%

4. Debt/Equity 0.08

5. Debt/Ebitda 6.51

6. ROIC - WACC (= -18.17)%

7. RoE -4.96%

8. Rev. Trend -72.56%

9. EPS Trend 1.34%

What is the price of NTGR shares?

As of December 27, 2025, the stock is trading at USD 24.63 with a total of 334,691 shares traded.
Over the past week, the price has changed by +0.98%, over one month by -5.16%, over three months by -15.79% and over the past year by -15.16%.

Is NTGR a buy, sell or hold?

NETGEAR has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NTGR.

Strong Buy: 0
Buy: 1
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the NTGR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	39	58.3%
Analysts Target Price	39	58.3%
ValueRay Target Price	23.7	-3.9%

NTGR Fundamental Data Overview December 21, 2025

Market Cap USD = 707.5m (707.5m USD * 1.0 USD.USD)
P/E Forward = 113.6364
P/S = 1.0114
P/B = 1.3427
P/EG = 2.84
Beta = 1.198
Revenue TTM = 699.6m USD
EBIT TTM = -31.5m USD
EBITDA TTM = -24.7m USD
Long Term Debt = 46.6m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 10.8m USD (from shortTermDebt, last fiscal year)
Debt = 43.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -160.5m USD (from netDebt column, last quarter)
Enterprise Value = 424.1m USD (707.5m + Debt 43.0m - CCE 326.4m)
Interest Coverage Ratio = -5.41 (Ebit TTM -31.5m / Interest Expense TTM -5.83m)
FCF Yield = -3.19% (FCF TTM -13.5m / Enterprise Value 424.1m)
FCF Margin = -1.94% (FCF TTM -13.5m / Revenue TTM 699.6m)
Net Margin = -3.73% (Net Income TTM -26.1m / Revenue TTM 699.6m)
Gross Margin = 36.01% ((Revenue TTM 699.6m - Cost of Revenue TTM 447.6m) / Revenue TTM)
Gross Margin QoQ = 39.15% (prev 37.52%)
Tobins Q-Ratio = 0.52 (Enterprise Value 424.1m / Total Assets 810.8m)
Interest Expense / Debt = 3.27% (Interest Expense 1.41m / Debt 43.0m)
Taxrate = -18.21% (negative due to tax credits) (736.0k / -4.04m)
NOPAT = -37.3m (EBIT -31.5m * (1 - -18.21%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 2.85 (Total Current Assets 681.9m / Total Current Liabilities 239.2m)
Debt / Equity = 0.08 (Debt 43.0m / totalStockholderEquity, last quarter 506.8m)
Debt / EBITDA = 6.51 (negative EBITDA) (Net Debt -160.5m / EBITDA -24.7m)
Debt / FCF = 11.85 (negative FCF - burning cash) (Net Debt -160.5m / FCF TTM -13.5m)
Total Stockholder Equity = 526.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.22% (Net Income -26.1m / Total Assets 810.8m)
RoE = -4.96% (Net Income TTM -26.1m / Total Stockholder Equity 526.3m)
RoCE = -5.50% (EBIT -31.5m / Capital Employed (Equity 526.3m + L.T.Debt 46.6m))
RoIC = -7.08% (negative operating profit) (NOPAT -37.3m / Invested Capital 526.3m)
WACC = 11.09% (E(707.5m)/V(750.5m) * Re(11.53%) + D(43.0m)/V(750.5m) * Rd(3.27%) * (1-Tc(-0.18)))
Discount Rate = 11.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.47%
Fair Price DCF = unknown (Cash Flow -13.5m)
EPS Correlation: 1.34 | EPS CAGR: -19.45% | SUE: 1.62 | # QB: 5
Revenue Correlation: -72.56 | Revenue CAGR: -7.89% | SUE: 2.46 | # QB: 6
EPS next Quarter (2026-03-31): EPS=-0.01 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=3
EPS next Year (2026-12-31): EPS=0.25 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+7.1% | Growth Revenue=+2.7%

Additional Sources for NTGR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle