What is CRUS's intrinsic value?

TickerWorth's valuation lenses put Cirrus Logic, Inc. (CRUS) between $62.93 and $282.39 per share, versus a market price of $108.26. They disagree too widely for us to state a single fair value, so we publish the range.

Is CRUS overvalued or undervalued?

At $108.26 the price sits inside a range too wide to call either way. We don't call CRUS overvalued or undervalued from a range this wide. This is an educational estimate, not advice.

What discount rate is used for CRUS?

A WACC of 11.1% and a terminal growth rate of 2.5%.

Is Cirrus Logic stock undervalued?

TickerWorth's fair-value range for Cirrus Logic, Inc. (CRUS) is $62.93 – $282.39 against a market price of $108.26. Too wide to call. 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.

Cirrus Logic (CRUS) DCF valuation and fair value

Our fair-value range for Cirrus Logic, Inc. (CRUS) is $62.93 – $282.39, built on a 11.1% 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 Cirrus Logic stock?

Today's price implies revenue growth of 10.7% a year for 5 years; our model assumes 2.9% a year on average over the same horizon. 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 $108.26. A model estimate, not investment advice.

Cirrus Logic (CRUS) insider trading

The most recent insider filing (SEC Form 4) for Cirrus Logic, Inc. (CRUS): Baumgartner Jeffrey W, EVP, R&D, open-market sale on 2026-09-21. The latest filings are listed on this page. A disclosure, not a signal to trade.

CRUS · Intrinsic value

Is Cirrus Logic, Inc. (CRUS) overvalued or undervalued?

Name: Cirrus Logic, Inc. (CRUS) DCF intrinsic value
Creator: TickerWorth

As of Oct 19, 2026, TickerWorth's valuation lenses put Cirrus Logic, Inc. (CRUS) at $62.93 – $282.39, too broad a range to say where the delayed market price of $108.26 sits in it, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.

Model by Miraaj Patel · generated from a hand-researched model · Updated Oct 19, 2026 · How these pages are made

Open full CRUS analysis

What is CRUS worth?

Fair-value range: $62.93 – $282.39
Market price: $108.26
Gap to fair value: —
Verdict: Too wide to call

Price as of 19 Oct 2026, 13:55 UTC · Prices are delayed.Our valuation lenses disagree too widely on this company for us to publish a single number, so we publish the range instead. We do not call it over- or undervalued from a spread this wide.

Fair-value range against the delayed market price: Too wide to call.

Reverse DCF: Today's price implies revenue growth of 10.7% a year for 5 years; our model assumes 2.9% a year on average over the same horizon.

What is CRUS's TickerWorth Score?

A64/100

Scores higher than almost every company we compare it with

Compared with Technology companies in US

Its strongest point: looks cheap on the numbers. Its weakest: recent price trend has been weak.

Value · 84 of 100
Cheaper than 84% of Technology companies in US
Price vs worth · 86 of 100
Quality · 61 of 100
More profitable than 61% of Technology companies in US
Financial health · 88 of 100
Financially stronger than 88% of Technology companies in US
Growth · 27 of 100
Growing faster than 27% of Technology companies in US
Momentum · 11 of 100
Outperformed 11% of Technology companies in US over the past year

Confidence: Medium confidence · Scored 19 Oct 2026, 13:55 UTC

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Where the numbers come from

Hand-researched model

What the modeller flagged

YEAR-1 FCF IS ~48% BELOW THE LAST REPORTED FCF (~$330M modelled vs $635.8M company-defined for FY2026) — far past the 20% line, and fully decomposable: the $103.4M working-capital release does not recur; $81.8M of SBC is treated as a real cost rather than added back; $36.8M of interest income is credited through net cash rather than as operating cash; ~$22M of non-PP&E amortization is not added back; the model taxes EBIT at 17% while FY2026 cash taxes were only $49.6M; and FY2027 EBIT is ~$60M lower on the R&D step-up and price-downs. None of these is a forecast of a worse business; they are definitional.
WHAT THE AUTOMATIC MODEL MOST LIKELY GOT WRONG: a feed reading 'free cash flow' for CRUS picks up the FY2026 $635.8M (or the $571.0M TTM), which contains the one-off $103.4M working-capital release and adds back $81.8M of stock compensation, and it then capitalises that on top of the $1.17B of cash whose interest is already inside operating cash flow. Strip those out and the sustainable unlevered cash flow is closer to ~$330-400M than $600M+.
THE APPLE TAIL RISK IS NOT IN THE BASE CASE. If Apple in-sourced audio or moved a major socket elsewhere, revenue could fall by a large fraction within a product cycle; the model assumes the relationship persists in perpetuity (Apple's share was 87%, 89% and 91% across the three years in the FY2026 10-K). Equally, it does not credit the Face ID smart power IC with any specific dollar figure. Read the per-share value as conditional on the socket surviving.
TERMINAL VALUE IS ~68% OF ENTERPRISE VALUE — below the 75% danger line, because the 11.09% discount rate shrinks the far future hard. And enterprise value ($4.07B) is only ~78% of equity value ($5.23B) here — the other ~22% is cash on the balance sheet, the most certain part of the answer.
The margin path (19.9% → 21.0%) is the softest input: it assumes the FY2027 R&D step-up is absorbed rather than repeated. If opex keeps growing ~10% a year on ~3% revenue growth, margins drift toward the high teens; a path fading to 18% by FY2031 takes the value to ~$90.
Beta is the published 1.17, not normalized; WACC 11.09% with no debt in the capital structure. The cost-of-debt input has no effect.
SBC of $81.8M (4.1% of revenue) is expensed inside GAAP EBIT and not added back; dilution is captured by the weighted-diluted share count, which is shrinking because buybacks exceed issuance.

Why CRUS gets a range, not one number

At a recent price of $108.26, Cirrus Logic, Inc. (CRUS) sits inside a range too wide to call either way: our valuation lenses put the business somewhere between $62.93 and $282.39 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 Cirrus Logic, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 11.1%, with a long-run terminal growth rate of 2.5%. About 68% 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 — the market is implying roughly 10.7% annual revenue growth for CRUS. Our base case instead compounds to about 2.9% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.

Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, CRUS's modeled DCF value ranges from about $84.14 to $128.54 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 Cirrus Logic, 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 CRUS's intrinsic value. Figures update as new filings and prices come in.

Every input behind CRUS's DCF

Input	Value	Source
Base-year revenueCirrus Logic FY2026 10-K (accession 0000772406-26-000018, filed 2026-05-21): Net sales $1,997,379K for the fiscal year ended 2026-03-28 (Audio $1,159.9M, High-Performance Mixed-Signal $837.4M), +5.3% on FY2025's $1,896.1M. A record year, but not an outlier: revenue was $1,538.9M in FY2017 and has compounded ~2.9%/yr since, with a dip to $1,185.5M in FY2019 and $1,788.9M in FY2024. CUSTOMER CONCENTRATION: Apple Inc. was ~91% of net sales in FY2026 (89% FY2025, 87% FY2024) per the 10-K; ~90% again in Q1 FY2027 per the shareholder letter. CROSS-CHECK: Q1 FY2027 (to 2026-06-27) revenue $459.7M, +12.9% YoY; TTM to Q1 FY2027 $2,049.8M. UNCHANGED as the base — the new quarter belongs in Year 1.	$1,997,400,000	Cirrus Logic FY2026 10-K (accession 0000772406-26-000018, filed 2026-05-21): Net sales $1,997,379K for the fiscal year ended 2026-03-28 (Audio $1,159.9M, High-Performance Mixed-Signal $837.4M), +5.3% on FY2025's $1,896.1M. A record year, but not an outlier: revenue was $1,538.9M in FY2017 and has compounded ~2.9%/yr since, with a dip to $1,185.5M in FY2019 and $1,788.9M in FY2024. CUSTOMER CONCENTRATION: Apple Inc. was ~91% of net sales in FY2026 (89% FY2025, 87% FY2024) per the 10-K; ~90% again in Q1 FY2027 per the shareholder letter. CROSS-CHECK: Q1 FY2027 (to 2026-06-27) revenue $459.7M, +12.9% YoY; TTM to Q1 FY2027 $2,049.8M. UNCHANGED as the base — the new quarter belongs in Year 1.
Base EBIT marginCirrus Logic Q4/FY2026 earnings release, 8-K Ex-99.1 (accession 0000772406-26-000012, filed 2026-05-06); ties to the FY2026 10-K: GAAP income from operations $460,380K / net sales $1,997,379K = 23.05%. This is GAAP, i.e. AFTER $81.8M of stock-based compensation and $6.6M of acquisition-intangible amortization (non-GAAP operating margin was 27.5%). It EXCLUDES $36.8M of interest income on the cash pile — deliberately, because the cash itself is credited in the net-debt bridge. It is the best margin in the company's recent history: FY2022 20.6%, FY2023 13.1%, FY2024 19.2%, FY2025 21.6%, FY2026 23.0% (XBRL OperatingIncomeLoss / revenue). CROSS-CHECK, Q1 FY2027: GAAP operating margin 18.4% vs 17.8% a year earlier — the June quarter is always the seasonal low, so the quarter is on-trend, but operating expense rose $15.8M YoY (+11%) as management lifts R&D.	23.1%	Cirrus Logic Q4/FY2026 earnings release, 8-K Ex-99.1 (accession 0000772406-26-000012, filed 2026-05-06); ties to the FY2026 10-K: GAAP income from operations $460,380K / net sales $1,997,379K = 23.05%. This is GAAP, i.e. AFTER $81.8M of stock-based compensation and $6.6M of acquisition-intangible amortization (non-GAAP operating margin was 27.5%). It EXCLUDES $36.8M of interest income on the cash pile — deliberately, because the cash itself is credited in the net-debt bridge. It is the best margin in the company's recent history: FY2022 20.6%, FY2023 13.1%, FY2024 19.2%, FY2025 21.6%, FY2026 23.0% (XBRL OperatingIncomeLoss / revenue). CROSS-CHECK, Q1 FY2027: GAAP operating margin 18.4% vs 17.8% a year earlier — the June quarter is always the seasonal low, so the quarter is on-trend, but operating expense rose $15.8M YoY (+11%) as management lifts R&D.
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast	1% → 4% → 4% → 3% → 3%	ESTIMATEAssumption — TickerWorth's 5-year explicit forecast
Risk-free rateUS 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation; the program-wide rate shared by every researched model in this run.	5.2%	US 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation; the program-wide rate shared by every researched model in this run.
BetaYahoo Finance / yfinance published beta (5Y monthly): Published 1.166, rounded to 1.17 and NOT normalized. Customer concentration (~91% Apple) is a real risk but it is company-specific, not market risk, so in CAPM terms it does not belong in beta — it is carried in the forecast (no Y1 growth, margins below the record) and in the caveats instead. A tempting alternative is to bump beta up to 'price in' Apple risk; that would double-count it. Each 0.1 of beta is worth roughly $4-5/share here (1.27 gives $95.64; 1.00 gives $108.58).	1.17	Yahoo Finance / yfinance published beta (5Y monthly): Published 1.166, rounded to 1.17 and NOT normalized. Customer concentration (~91% Apple) is a real risk but it is company-specific, not market risk, so in CAPM terms it does not belong in beta — it is carried in the forecast (no Y1 growth, margins below the record) and in the caveats instead. A tempting alternative is to bump beta up to 'price in' Apple risk; that would double-count it. Each 0.1 of beta is worth roughly $4-5/share here (1.27 gives $95.64; 1.00 gives $108.58).
Terminal growthESTIMATEAssumption — house default: House default 2.5%, roughly long-run nominal GDP, kept for comparability. Reasonable here rather than generous: Cirrus's revenue has compounded ~2.9%/yr since FY2017, and diversification (PCs, general market) is the company's stated strategy. The real terminal risk is not the rate, it is whether the Apple socket survives in perpetuity — which no growth rate captures (see caveats). 2.0% takes ~$3/share off. Well below the 11.09% WACC.	2.5%	ESTIMATEAssumption — house default: House default 2.5%, roughly long-run nominal GDP, kept for comparability. Reasonable here rather than generous: Cirrus's revenue has compounded ~2.9%/yr since FY2017, and diversification (PCs, general market) is the company's stated strategy. The real terminal risk is not the rate, it is whether the Apple socket survives in perpetuity — which no growth rate captures (see caveats). 2.0% takes ~$3/share off. Well below the 11.09% WACC.
Diluted sharesCirrus Logic Q1 FY2027 10-Q (accession 0000772406-26-000037, filed 2026-08-05): Q1 FY2027 weighted-average diluted shares 52,353K (basic 50,550K); FY2026 was 52,822K and FY2025 55,241K — the count falls ~2-4% a year because buybacks ($280M in FY2026) more than offset SBC. After the quarter Cirrus bought another 359,350 shares for $50.5M; that lowers both the share count (~0.7%) and the cash pile, and is left out of both for consistency with the 2026-06-27 balance sheet.	52M	Cirrus Logic Q1 FY2027 10-Q (accession 0000772406-26-000037, filed 2026-08-05): Q1 FY2027 weighted-average diluted shares 52,353K (basic 50,550K); FY2026 was 52,822K and FY2025 55,241K — the count falls ~2-4% a year because buybacks ($280M in FY2026) more than offset SBC. After the quarter Cirrus bought another 359,350 shares for $50.5M; that lowers both the share count (~0.7%) and the cash pile, and is left out of both for consistency with the 2026-06-27 balance sheet.
Market priceDelayed quote · as of 2026-10-19 13:55 UTC	$108.26	Delayed quote · as of 2026-10-19 13:55 UTC

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What does Cirrus Logic, Inc. do?

What does it do?

Cirrus Logic, Inc., a fabless semiconductor company, develops mixed-signal processing solutions and audio products in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology for use in smartphones, PCs, tablets, AR/VR headsets, wearables, home theatre systems, automotive entertainment systems, and professional audio systems. It operates in the Semiconductors industry (Technology sector), headquartered in United States. The company employs roughly 1,651 people.

How does it make money?

The business turns $2.0B in annual revenue into profit. Out of every $100 of sales, about $18 is left as operating profit (operating margin of 18.4%), after a 53% gross margin on the products/services it sells. After all costs, taxes and interest, 21.0% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks solid: carries modest debt (0.1× equity), comfortably covers its short-term bills (7.6× current ratio), and is currently profitable.

Who at CRUS filed insider trades?

Recent insider filings for Cirrus Logic, Inc.
Date	Insider	Relationship	What happened	Value	Filing
21 Sept 2026	Baumgartner Jeffrey W	EVP, R&D	Open-market sale	$138,754.00	Form 4 for Baumgartner Jeffrey W (opens sec.gov in a new tab)
20 Aug 2026	Baumgartner Jeffrey W	EVP, R&D	Open-market sale	$137,459.74	Form 4 for Baumgartner Jeffrey W (opens sec.gov in a new tab)
29 Jul 2026	Tupman David J.	Director	Grant / award	—	Form 4 for Tupman David J. (opens sec.gov in a new tab)
29 Jul 2026	MOSLEY WILLIAM D	Director	Grant / award	—	Form 4 for MOSLEY WILLIAM D (opens sec.gov in a new tab)
29 Jul 2026	Lego Catherine P	Director	Grant / award	—	Form 4 for Lego Catherine P (opens sec.gov in a new tab)
29 Jul 2026	LE DUY LOAN T	Director	Option exercise	—	Form 4 for LE DUY LOAN T (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 CRUS's intrinsic value?
TickerWorth's valuation lenses put Cirrus Logic, Inc. (CRUS) between $62.93 and $282.39 per share, versus a market price of $108.26. They disagree too widely for us to state a single fair value, so we publish the range.
Is CRUS overvalued or undervalued?
At $108.26 the price sits inside a range too wide to call either way. We don't call CRUS overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for CRUS?
A WACC of 11.1% and a terminal growth rate of 2.5%.
Is Cirrus Logic stock undervalued?
TickerWorth's fair-value range for Cirrus Logic, Inc. (CRUS) is $62.93 – $282.39 against a market price of $108.26. Too wide to call. 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.
Cirrus Logic (CRUS) DCF valuation and fair value
Our fair-value range for Cirrus Logic, Inc. (CRUS) is $62.93 – $282.39, built on a 11.1% 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 Cirrus Logic stock?
Today's price implies revenue growth of 10.7% a year for 5 years; our model assumes 2.9% a year on average over the same horizon. 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 $108.26. A model estimate, not investment advice.
Cirrus Logic (CRUS) insider trading
The most recent insider filing (SEC Form 4) for Cirrus Logic, Inc. (CRUS): Baumgartner Jeffrey W, EVP, R&D, open-market sale on 2026-09-21. The latest filings are listed on this page. A disclosure, not a signal to trade.