NASDAQ: FLEX · Hardware, Equipment & Parts
Flex (FLEX) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values Flex (FLEX) at $91.12 a share. The stock last closed at $66.73, which puts the model's fair value 36.6% above the price. On the model's bands that reads as Undervalued.
Revalued . Price is the close of 5 Nov 2026. Flex Ltd.
The report adds the live price, the chart against the range the options market prices, the next earnings date and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $83.27 to $91.12 (+9.4%). Analysts raised their next-twelve-month EBITDA estimates: most of the move.
What the model makes of itThe price of $66.73 is 36.6% below it: Undervalued, on a high evidence grade.
What's nextNext report on 27 Jan 2027. Options prices imply a move of about 24% either way over the next month. On the model's Quality Rebound list since 5 Nov 2026 (a strategy with a proving record). The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give FLEX?
The calibrated range for FLEX over 63 trading days is $51.96 to $90.75. It sits around the last close, and its width comes from the volatility that FLEX's own options imply (84% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $71.29 to $113.94. In 57% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
Flex Ltd. (FLEX) is a global provider of design, engineering, manufacturing and supply chain management solutions to original equipment manufacturers across Asia, the Americas and Europe.
Faircurve's model gives Flex Ltd. a fair value of $91.12 a share, the midpoint of 2,000 simulations, on 31 Oct 2026. The previous run, on 24 Oct 2026, gave $83.27, so the fair value moved +9.4%. In the model's own words, analysts raised their next-twelve-month EBITDA estimates: most of the move. The calibrated range over 63 trading days is $61.88 to $101.43, built from the volatility the stock's own options imply. Ranges built this way held the price 60% of the time at this horizon. The model grades the evidence High, based on input completeness, the number of comparable companies and how closely they agree, and the width of outcomes. The grade does not say whether the fair value is right.
Faircurve's model scores Flex Ltd. 61 out of 100 on quality, against comparable companies. Growth quality is the highest factor at 78, with trailing revenue growth of 8.1% against a peer median of 19.0%. The balance sheet scores 25, with net debt to EBITDA of 1.35x against a peer median of 0.01x. The model compares the company with Teledyne Technologies Incorporated (TDY), Jabil Inc. (JBL), Keysight Technologies, Inc. (KEYS), Garmin Ltd. (GRMN), Fortive Corporation (FTV), Trimble Inc. (TRMB) and MKS Inc. (MKSI).
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does FLEX report earnings, and how has the stock reacted?
Flex's next earnings report is scheduled for 27 Jan 2027. Companies can move their dates.
Options prices on 5 Nov 2026 imply a move of about 15.6% in either direction through the nearest expiry, about 14 days out. That is the size the market is pricing, not a direction. FLEX's 30 day implied volatility works out to about 24.3% over one month.
On 5 Nov 2026 FLEX moved 13.6% in one session, against the 4.7% a day that options had priced: 2.9 times the implied size, around an earnings report.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across FLEX's last 8 reports, ignoring direction, was 8.0%.
What the options market has priced for a month's move in FLEX
How does FLEX score on business quality?
Flex's overall quality score is 61 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 56 | 14.1%ROIC | 13.8% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 60 | 0.99xFCF / net income | 0.55x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analysts' rating changes. | 78 | 8.1%Revenue growth, trailing | 19.0% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 72 | 4.2%Net buybacks / market value | 1.3% |
| Balance sheetNet debt to EBITDA and interest coverage. | 25 | 1.35xNet debt / EBITDA | 0.01x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 67 | 0.5 ptsEBITDA margin downside volatility, 5y | 0.6 pts |
How does FLEX compare with similar companies?
The companies in hardware, equipment & parts closest to Flex in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| TDY Teledyne Technologies Incorporated | $591.72 | $582.97 | -1.5% | Fairly valued |
| JBL Jabil Inc. | $236.36 | $335.25 | +41.8% | Undervalued |
| COHR Coherent, Inc. | $169.76 | n/a | n/a | Data under review |
| KEYS Keysight Technologies, Inc. | $260.61 | $348.08 | +33.6% | Undervalued |
| GRMN Garmin Ltd. | $286.40 | $255.26 | -10.9% | Fairly valued |
| FTV Fortive Corporation | $65.42 | $57.37 | -12.3% | Fairly valued |
| TRMB Trimble Inc. | $53.64 | $75.55 | +40.8% | Undervalued |
| MKSI MKS Inc. | $176.82 | $270.71 | +53.1% | Undervalued |
What the comparable companies' multiples alone would give for FLEX, the peer-implied price, is $99.06 a share on this run. The fair value weighs that against the company's own multiple.
All hardware, equipment & parts stocks ranked by gap to fair value
Flex at a glance
Flex Ltd. is a global provider offering extensive design, engineering, manufacturing, and supply chain management solutions to original equipment manufacturers (OEMs) across Asia, the Americas, and Europe.
- Market value
- $32.0B
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- Revenue expected, next twelve months
- $41.7B
- Consensus revenue growth, next fiscal year
- +26.8%
- Analysts with estimates
- 4
- Beta to the US market
- 3.25
- First valued by Faircurve
- 27 Jun 2026
At the close of 5 Nov 2026, 56.0% of the 1,065 graded US stocks the model covers traded below the model's fair value. FLEX was among them.
How the fair value is worked out: the model prices Flex on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for FLEX was $83.27. As of 31 Oct 2026 it is $91.12, a change of +9.4%. Analysts raised their next-twelve-month EBITDA estimates: most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Flex's valuation
Is Flex stock undervalued or overvalued?
On Faircurve's model, FLEX reads as Undervalued as of 31 Oct 2026. The model's fair value is $91.12 a share against a last close of $66.73, a gap of +36.6%.
What is FLEX's fair value?
$91.12 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $71.29 to $113.94.
What price range does the model give FLEX?
$51.96 to $90.75 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does Flex report earnings next?
The next report is scheduled for 27 Jan 2027. Companies can move their dates.
How much has FLEX moved on past earnings reports?
Across its last 8 reports the median two session move was 8.0%, ignoring direction. The largest was +37.9% around the report of 6 May 2026.
How confident is the model in this valuation?
The model's evidence grade for FLEX is high. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on FLEX
The model has an idea open on FLEX under Quality Rebound since 5 Nov 2026, a strategy with a proving record. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on FLEX with their outcomes. A free account is enough.