ADI · Intrinsic value
Is Analog Devices, Inc. (ADI) overvalued or undervalued?
As of Oct 19, 2026, TickerWorth publishes a fair-value range of $104.74 – $341.99 for Analog Devices, Inc. (ADI), against the delayed market price of $395.32: price above every lens we ran. It is a range, not a single number, so we do not call it over- or undervalued. It is a model estimate; every input is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
What is ADI worth?
- Fair-value range
- $104.74 – $341.99
- Market price
- $395.32
- Gap to fair value
- —
- Verdict
- Price above every lens we ran
Reverse DCF, on our cash-flow model rather than the range above: Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast.
What is ADI's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Technology companies in US
Its strongest point: a profitable, high-quality business. Its weakest: trades above our estimate of what it's worth.
- Value · 38 of 100
Cheaper than 38% of Technology companies in US
- Price vs worth · 25 of 100
- Quality · 72 of 100
More profitable than 72% of Technology companies in US
- Financial health · 40 of 100
Financially stronger than 40% of Technology companies in US
- Growth · 69 of 100
Growing faster than 69% of Technology companies in US
- Momentum · 87 of 100
Outperformed 87% of Technology companies in US over the past year
Confidence: Medium confidence · Scored
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Why ADI gets a range, not one number
At a recent price of $395.32, Analog Devices, Inc. (ADI) sits above every lens we ran: our valuation lenses put the business somewhere between $104.74 and $341.99 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts Analog Devices, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 10.8%, with a long-run terminal growth rate of 2.5%. About 71% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — ADI would need sustained revenue growth of more than 25%/yr to justify today's price, against about 13.8% a year compounded in our base case. We don't quote a precise figure here, because past about 25% a year the reverse-DCF stops being informative: it solves for revenue growth alone, holding margins, capital intensity and the forecast horizon fixed, so a price well above our fair value has nowhere to go but growth. The honest reading is that the price implies growth this model can't reconcile — not that we forecast it.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, ADI's modeled DCF value ranges from about $57.60 to $112.26 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Analog Devices, Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of ADI's intrinsic value. Figures update as new filings and prices come in.
Every input behind ADI's DCF
| Input | Value |
|---|---|
| Base-year revenueANALOG DEVICES INC FY2025 10-K (accession 0000006281-25-000153): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2025 full year. | $11,019,710,000 |
| Base EBIT marginANALOG DEVICES INC FY2025 10-K (accession 0000006281-25-000153): us-gaap:OperatingIncomeLoss 2,932,496,000 / revenue 11,019,707,000 = 26.61%, FY2025. | 26.6% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 24% → 19% → 14% → 9% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.2% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 1.23 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesANALOG DEVICES INC FY2025 10-K (accession 0000006281-25-000153): WeightedAverageNumberOfDilutedSharesOutstanding = 496,709,000 shares, FY2025. | 497M |
| Market priceLast known price · as of 2026-10-19 18:16 UTC | $395.32 |
Change ADI's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Analog Devices, Inc. do?
What does it do?
Analog Devices, Inc. engages in the design, manufacture, testing, and marketing of integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. It operates in the Semiconductors industry (Technology sector), headquartered in United States. The company employs roughly 24,500 people.
How does it make money?
The business turns $11.0B in annual revenue into profit. Out of every $100 of sales, about $40 is left as operating profit (operating margin of 39.5%), after a 66% gross margin on the products/services it sells. After all costs, taxes and interest, 29.8% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries modest debt (0.3× equity), can just cover its short-term bills (1.2× current ratio), and is currently profitable.
Who at ADI filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| ROCHE VINCENT | Director, Chair & CEO | Gift | — | Form 4 for ROCHE VINCENT (opens sec.gov in a new tab) | |
| Jain Vivek | Chief Operations/Tech Officer | Open-market sale | $1,343,788.63 | Form 4 for Jain Vivek (opens sec.gov in a new tab) | |
| Jain Vivek | Chief Operations/Tech Officer | Open-market sale | $819,576.00 | Form 4 for Jain Vivek (opens sec.gov in a new tab) | |
| STATA RAY | Director | Open-market sale | $135,054.48 | Form 4 for STATA RAY (opens sec.gov in a new tab) | |
| STATA RAY | Director | Open-market sale | $195,891.55 | Form 4 for STATA RAY (opens sec.gov in a new tab) | |
| STATA RAY | Director | Open-market sale | $92,861.55 | Form 4 for STATA RAY (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is ADI's intrinsic value?
TickerWorth's valuation lenses put Analog Devices, Inc. (ADI) between $104.74 and $341.99 per share, versus a market price of $395.32. They disagree too widely for us to state a single fair value, so we publish the range.
Is ADI overvalued or undervalued?
At $395.32 the price sits above every lens we ran. We don't call ADI overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for ADI?
A WACC of 10.8% and a terminal growth rate of 2.5%.
Is Analog Devices stock undervalued?
TickerWorth's fair-value range for Analog Devices, Inc. (ADI) is $104.74 – $341.99 against a market price of $395.32. Price above every lens we ran. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Analog Devices (ADI) DCF valuation and fair value
Our fair-value range for Analog Devices, Inc. (ADI) is $104.74 – $341.99, built on a 10.8% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Analog Devices stock?
Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $395.32. A model estimate, not investment advice.
Analog Devices (ADI) insider trading
The most recent insider filing (SEC Form 4) for Analog Devices, Inc. (ADI): ROCHE VINCENT, Director, Chair & CEO, gift on 2026-10-12. The latest filings are listed on this page. A disclosure, not a signal to trade.
Other ways into the coverage
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.