BEL FUSE INC /NJ
BELFAAbout the company
Bel Fuse Inc. designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. It operates in three product groups: Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, defence, commercial aerospace, transportation, and e-Mobility industries.
Investment snapshot
Positive
7
BUY / PASS
Neutral / negative
2 / 7
NEUTRAL / FAIL
Median fair value
—
No comparable estimates
Models with upside
0 / 17
Positive margin of safety
Strongest signal
All 12 investors pass BELFA's debt & leverage
Key risk
Split decision: 7 FAIL · 5 PASS · 2 BUY · 2 NEUTRAL
Framework analysis
| Verdict | Meaning |
|---|---|
| BUY | Positive purchase signal: the framework's buy requirements are met. |
| PASS | The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state. |
| NEUTRAL | Neither a positive nor negative conclusion. It does not mean to hold an existing position. |
| FAIL | The company does not clear the framework's requirements. |
| Ranked | Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL. |
Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.
| Metric | Graham Defensive Value | Buffett Quality Compounder | Lynch GARP | Greenblatt Magic Formula | Piotroski F-Score | Dreman Contrarian Value | Munger Quality Focus | Pabrai Dhandho Framework | Akre Three-Legged Stool | Marks Risk-Aware Value | Ackman Activist Value | Templeton Global Bargain Hunter | Sleep Scale Economies Shared | Asness Systematic Factors | Neff Low-P/E Total Return | Schloss Asset-Value Discipline | O'Shaughnessy Systematic Factor Composite |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Verdict | PASS | PASS | FAIL | BUY · Rank #467 (Top 15.1%) | BUY | FAIL | PASS | FAIL | PASS | FAIL | FAIL | PASS | NEUTRAL | BUY | FAIL | FAIL | NEUTRAL |
| Score | |||||||||||||||||
| Analysis | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… |
| Intrinsic Value (annual) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Margin of Safety | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financial Basis | TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Annual history · FY 2025 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-09-30 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Annual history · FY 2025 · Balance sheet at 2026-09-30 · TTM ended 2026-09-30 vs 2025-09-30 · TTM ended 2026-09-30 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | TTM ended 2026-09-30 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-02-24 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-02-24 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-09-30 · Qualitative assessment Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-02-24 Score computed: 2026-11-14 | TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-09-30 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | Annual history · FY 2025 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-03 Score computed: 2026-11-14 | TTM ended 2026-09-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-11-03 Score computed: 2026-11-14 |
Where It Passes
- Debt & Leverage100% pass✓ 15▾
All 12 investors pass BELFA's debt & leverage
LT Debt vs Net Current AssetsLT Debt $0.0M vs NCA $464.2M✓GrahamLT Debt <= Net Current AssetsDebt/Equity & Interest CoverageD/E: 0.00, IC: 17.3x✓BuffettD/E < 0.5 AND Interest Coverage > 5xTotal Debt / Equity0✓Lynch< 0.33Cash - Long-term Debt$333.1M✓LynchPositive preferredLT Debt / Total Assets Change30.27% -> 21.12%✓PiotroskiDecreased YoYCurrent Assets / Current Liabilities2.64✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)Total Debt / Shareholders' Equity0✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00xDebt Levels0✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3Interest Coverage & Debt/EBITDAIC=17.3x, D/EBITDA=0.0x✓MarksInterest Coverage > 3x; Debt/EBITDA < 4xTotal Debt / Shareholders Equity0✓Ackman<= 1.0Negative debt-to-equity (higher means less debt)-0.0000; #1/4210 (top 0.0%)✓AsnessTop 30% of eligible cross-section - Efficiency75% pass✓ 9✗ 2▾
6 of 8 pass — Munger and Akre object
Current Ratio2.64✓Graham>= 2.0ROIC (3-5 yr avg)14.8%✓Buffett> 10%ROIC - WACC+4.8%✓BuffettPositive (WACC = 10%)EBIT / (NWC + Net Fixed Assets)70.2%✓Greenblatt> 25%Current Ratio Change YoY2.92 -> 3.02✓PiotroskiIncreased YoYRevenue / Total Assets Change YoY0.56x -> 0.72x✓PiotroskiImproved YoYCurrent Assets / Current Liabilities2.64✓Dreman> 1.5Return on Invested Capital10.8%✗Munger> 15%ROIC (high and growing)FY2023: ROIC=17.3%; FY2024: ROIC=7.8%; FY2025: ROIC=14.1%✗AkreLatest 3 consecutive FYs: ROIC > 15% in eachReinvestment Rate x ROIC10.2% (RR=95% x ROIC=10.8%)✓AkreReinvestment Rate * ROIC > 10%ROIC (5-year)3/5 years above 12% (latest 14.1%)✓SleepROIC > 12% in a majority of years - Cash Flow60% pass✓ 7✗ 5▾
6 of 10 pass — Dreman, Pabrai, Ackman +1 more object
Free Cash Flow Proxy$76.1M✓BuffettPositive and growingFCF Positive and Growing$81.1M✓LynchPositive and growingOperating Cash Flow$80.6M✓PiotroskiCFO > 0(CFO / Total Assets) vs ROACFO/Assets=8.62%, ROA=6.58%✓PiotroskiCFO/Assets > ROAPrice / (CFO / Shares)✗Dreman< 8xP/E or FCF YieldFCF Yield=2.7%✗PabraiP/E < 15 or FCF Yield > 10%FCF Positive15/17 years FCF positive✓MarksPositive FCF in majority of recent years(OCF - CapEx) / Market Cap✗Ackman>= 4%Price / FCF per Share✗Ackman<= 25Positive Operating Cash Flow frequency22/22 years positive✓SleepPositive OCF in >= 70% of available yearsOperating Cash Flow - Capital Expenditures$81.1M✓Neff> $0 (app proxy for a strong fundamental case)(Operating cash flow - capex) / market capitalization+3.17%; #2008/4519 (top 44.4%)✗OshaughnessyTop 10% of eligible cross-section - Verdicts53% pass✓ 8✗ 7▾
Split decision: 7 FAIL · 5 PASS · 2 BUY · 2 NEUTRAL
Overall verdict✓GrahamPASS (4/9)✓BuffettPASS (5/9)✗LynchFAIL (3/7)✓GreenblattRank #467✓PiotroskiBUY (F-Score 8)✗DremanFAIL (4/11)✓MungerPASS (2/4)✗PabraiFAIL (0/3)✓AkrePASS (3/6)✗MarksFAIL (3/5)✗AckmanFAIL (3/9)✓TempletonPASS (4/8)•SleepNEUTRAL (4/6)✓AsnessBUY (Rank #166/2370 (Top 7.0%))✗NeffFAIL (2/6)✗SchlossFAIL (3/7)•OshaughnessyNEUTRAL (Not ranked)
Where It Falls Short
- Valuation0% pass✗ 28▾
All 13 investors flag BELFA's valuation
Price / 3-yr avg EPS✗Graham<= 15xPrice-to-Book Ratio✗Graham<= 1.5xP/E x P/B✗Graham<= 22.5Basic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)EBIT / Enterprise Value5.7%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=5.7%, ROC=70.2%✗GreenblattBoth EY > 10% and ROC > 25%Price / EPS✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)Price / (CFO / Shares)✗Dreman< 8xPrice / Book Value per Share✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)Valuation Reasonableness✗MungerP/E < 25 or Owner Earnings Yield > 5%P/E or FCF YieldFCF Yield=2.7%✗PabraiP/E < 15 or FCF Yield > 10%P/B or P/E vs. Historical Average✗MarksP/E < 15 or P/B < 2.0Discount to Intrinsic Value✗Marks>= 20% below intrinsic valuePrice / FCF per Share✗Ackman<= 25Price vs. Trailing Low288% of trailing low ($61.40)✗Templeton<= 120% of trailing low (certified split-adjusted live window)Net income / market capitalization+2.72%; #2473/6340 (top 39.0%)✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionPositive book equity / market capitalization+0.3654; #3412/6449 (top 52.9%)✗AsnessTop 30% of eligible cross-sectionPrice / Diluted EPS✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)(EPS CAGR % + Dividend Yield %) / P/E✗Neff> 0.7 (Neff's published traditional edge)Price / Tangible Book Value per Share✗SchlossP/TBV <= 1.00x (app cutoff)Book Value per Share Change✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)Revenue / market capitalization+0.3076; #3288/5247 (top 62.7%)✗OshaughnessyTop 10% of eligible cross-section(Operating cash flow - capex) / market capitalization+3.17%; #2008/4519 (top 44.4%)✗OshaughnessyTop 10% of eligible cross-sectionTrailing six-month price return through the evaluation date-27.79%; #4312/6202 (top 69.5%)✗OshaughnessyTop 10% of eligible cross-section - Profitability6% pass✓ 10✗ 25▾
15 of 16 flag BELFA's profitability — Graham, Buffett, Lynch +12 more
Positive EPS (10 years)5/25 years positive✗GrahamPositive EPS every year for 10 yearsEPS Growth (3-yr avg, 10-yr window)✗Graham>= 33% growthNet Income Positive (10+ years)20/25 years positive✗BuffettPositive every year for 10+ yearsROE (up to 5-year arithmetic mean)15.9%✓Buffett> 15% arithmetic mean (app rule)Operating Margin (10-yr trend)16.4% (latest)✗BuffettStable or rising over 10 yearsFree Cash Flow Proxy$76.1M✓BuffettPositive and growingEarnings Variance (10-yr CoV)✗BuffettCoV < 0.3Retained Earnings Effectiveness✗Buffett$1 retained -> > $1 market value createdBasic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR✗Lynch15-30% (Fast Grower); > 0% to passROE7.5%✗Lynch> 15%EBIT / Enterprise Value5.7%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=5.7%, ROC=70.2%✗GreenblattBoth EY > 10% and ROC > 25%Net Income / Total Assets6.58%✓PiotroskiROA > 0ROA Change YoY4.31% -> 6.58% (delta: +2.27%)✓PiotroskiCurrent ROA > Prior ROA(CFO / Total Assets) vs ROACFO/Assets=8.62%, ROA=6.58%✓PiotroskiCFO/Assets > ROAGross Margin Change YoY37.8% -> 39.1%✓PiotroskiImproved YoYPre-Tax Income / Revenue14.2%✓Dreman>= 8%Net Income / Shareholders' Equity7.5%✗Dreman> 12%Margin of Safety✗PabraiP/B < 1.5 or P/E < 15Return on Equity15.8% (3-yr avg)✗AkreROE > 20% (3-year avg)Discount to Intrinsic Value✗Marks>= 20% below intrinsic valuePositive Net Income Frequency20/24 years positive✓MarksPositive net income in >= 7 of last 10 yearsOperating Income / Revenue16.2%✓Ackman>= 15%Net Income / Shareholders Equity7.5%✗Ackman>= 15%5-Year EPS CAGR✗Templeton> 0% (5-year EPS CAGR)Operating Margin Trend13.8% (2023) -> 16.4% (2025)✓TempletonNon-negative operating-margin trend over 3 yearsRevenue growth vs. gross and operating margin trendgross margin 33.7% -> 39.1%, operating margin 13.8% -> 16.4%✗SleepRevenue rising; gross margin flat or falling; operating margin holdingNet income / market capitalization+2.72%; #2473/6340 (top 39.0%)✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionGross profit / total assets+23.92%; #1792/3702 (top 48.4%)✗AsnessTop 30% of eligible cross-sectionNet income / positive book equity+7.46%; #2167/5226 (top 41.5%)✗AsnessTop 30% of eligible cross-sectionNegative 5-year standard deviation of ROA-0.0319; #1987/5884 (top 33.8%)✗AsnessTop 30% of eligible cross-section3-5 Year Diluted EPS CAGR✗Neff7%-20% annualizedPositive Diluted-EPS Years✗Schloss>= 70% positive over 5-10 observed years (app rule) - Growth13% pass✓ 2✗ 11▾
7 of 8 flag BELFA's growth — Graham, Lynch, Dreman +4 more
EPS Growth (3-yr avg, 10-yr window)✗Graham>= 33% growthBasic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR✗Lynch15-30% (Fast Grower); > 0% to passInventory Growth vs Revenue GrowthInv: 35.3% vs Rev: 21.0%✗LynchInventory growth < Revenue growthEPS Growth Direction✗DremanPositive over recent yearsEPS CAGR✗Dreman> 5% annualizedPositive Net Income Frequency20/24 years positive✓MarksPositive net income in >= 7 of last 10 years3yr Median Revenue Growth-2.2%✗Ackman>= 5%Positive EPS Growth Frequency✗AckmanPositive EPS growth in >= 3 of last 5 years5-Year EPS CAGR✗Templeton> 0% (5-year EPS CAGR)Revenue growth vs. gross and operating margin trendgross margin 33.7% -> 39.1%, operating margin 13.8% -> 16.4%✗SleepRevenue rising; gross margin flat or falling; operating margin holding5-year Revenue CAGR7.7%✓SleepCAGR > 7%3-5 Year Diluted EPS CAGR✗Neff7%-20% annualized
Business & financials
Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.
Company Profile
Financial Snapshot
Shareholder Return
Fiscal 2025
Share retirement not available for this company.
- Buybacks
- $0
- Dividends
- $3.5M
Company Financials
Latest TTM and quarters alongside annual years
TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.
The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.
| Metric | TTM · 2026-09-30 2025-10-01 – 2026-09-30 Sources · derived quarter valuesDerived from cumulative filings: revenue, net income, operating income, gross profit, ebit, pre tax income, interest expense, operating cash flow, depreciation amortization, capex, dividends paid, buybacks, re sale gains. | Q3 FY 2026 2026-07-01 – 2026-09-30 Sources · derived quarter valuesDerived from cumulative filings: operating cash flow, capex, dividends paid. | Q2 FY 2026 2026-04-01 – 2026-06-30 Sources · derived quarter valuesDerived from cumulative filings: operating cash flow, capex, dividends paid. | Q1 FY 2026 2026-01-01 – 2026-03-31 Sources | FY 2025Sources
| FY 2024Sources
| FY 2023Sources
| FY 2022Sources
| FY 2021Sources
|
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.6Bcurrent | -- | -- | -- | -- | -- | -- | -- | -- |
| Revenue | $785.6M↑21% | $220.5M↑23% | $210.7M↑25% | $178.5M↑17% | $675.5M↑26% | $534.8M↓16% | $639.8M↓2% | $654.2M↑20% | $543.5M |
| Operating Income | $127.4M↑31% | $39.6M↑30% | $38.4M↑29% | $23.7M↓5% | $111.0M↑73% | $64.3M↓27% | $88.0M↑35% | $65.1M↑108% | $31.3M |
| Net Income | $69.6M↑6% | $26.3M↑17% | $25.5M↓5% | $11.4M↓36% | $61.5M↑50% | $41.0M↓45% | $73.8M↑40% | $52.7M↑112% | $24.8M |
| EPS (Diluted) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Margin | 39.9%↑3% | 40.9%↑3% | 39.9%↑3% | 39.0%↑1% | 39.1%↑3% | 37.8%↑12% | 33.7%↑20% | 28.0%↑13% | 24.7% |
| Operating Margin | 16.2%↑8% | 17.9%↑6% | 18.2%↑3% | 13.3%↓19% | 16.4%↑37% | 12.0%↓13% | 13.8%↑38% | 10.0%↑73% | 5.8% |
| ROE | 7.5%↓51% | — | — | — | 14.5%↑27% | 11.4%↓48% | 21.7%↑8% | 20.1%↑69% | 11.9% |
| Total Debt | $0↓100% | $0↓100% | $0↓100% | $204.5M↓27% | $197.9M↓31% | $287.9M↑376% | $60.5M↓36% | $95.0M↓16% | $112.5M |
| Shareholders' Equity | $933.4M↑118% | $933.4M↑118% | $909.4M↑125% | $438.9M↑16% | $425.5M↑18% | $360.6M↑6% | $340.6M↑30% | $262.3M↑26% | $208.7M |
| Current Ratio | 2.64↓14% | 2.64↓14% | 4.48↑47% | 3.18↓4% | 3.02↑4% | 2.92↓15% | 3.45↑23% | 2.80↓5% | 2.94 |
| Debt / Equity | 0.00↓100% | 0.00↓100% | 0.00↓100% | 0.47↓37% | 0.47↓42% | 0.80↑350% | 0.18↓51% | 0.36↓33% | 0.54 |
| Operating Cash Flow | $95.5M↑61% | $34.2M↑54% | $17.9M↓13% | $13.8M↑70% | $80.6M↑9% | $74.1M↓32% | $108.3M↑169% | $40.3M↑769% | $4.6M |
| Free Cash Flow | $81.1M↑82% | $28.0M↑38% | $15.7M↓7% | $11.2M↑109% | $68.6M↑14% | $60.0M↓38% | $96.2M↑206% | $31.4M↑759% | -$4.8M |
Score history
Historical Score Timeline
Industry peers
Industry Peers
Similar companies in Electronic Equipment
BELFA vs Peers — Financial Grading
| Company | Market Cap | Price | Revenue | Net Income | ROE | D/E | Op. Margin | Curr. Ratio | Graham | Buffett | Lynch | Greenblatt | Piotroski | Dreman |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVIDIA CORPNVDA | $3.93T | $162.85 | $215.9B | $120.1B | 76.3% | 0.05 | 60.4% | 3.91 | 3/9 | 6/9 | 3/7 | 1/3 | F-Score 4 | 5/11 |
| INTEL CORPINTC | $317.1B | $59.66 | $52.9B | $267.0M | -0.2% | 0.41 | -4.2% | 2.02 | 3/9 | 0/9 | 1/7 | 0/3 | F-Score 6 | 3/11 |
| TEXAS INSTRUMENTS INCTXN | $277.4B | $303.60 | $17.7B | $5.0B | 30.7% | 0.86 | 34.1% | 4.35 | 6/9 | 5/9 | 3/7 | 1/3 | F-Score 7 | 7/11 |
| ANALOG DEVICES INCADI | $192.8B | $397.97 | $11.0B | $2.3B | 6.7% | 0.24 | 26.6% | 2.19 | 2/9 | 3/9 | 4/7 | 1/3 | F-Score 8 | 4/11 |
| Motorola Solutions, Inc.MSI | $87.8B | $531.20 | $11.7B | $2.2B | 89.4% | 3.49 | 25.6% | 1.04 | 2/9 | 4/9 | 3/7 | 1/3 | F-Score 6 | 5/11 |
| L3HARRIS TECHNOLOGIES, INC. /DE/LHX | $50.7B | $272.35 | — | $1.6B | 8.2% | 0.57 | — | 1.19 | 2/9 | 2/9 | 3/7 | 1/3 | F-Score 7 | 3/11 |
| NOKIA CORPNOK | $45.7B | $8.07 | $23.4B | $764.7M | 3.1% | 0.16 | 4.4% | 1.58 | 2/9 | 1/9 | 3/7 | 1/3 | F-Score 5 | 3/11 |
| ERICSSON LM TELEPHONE COERIC | $34.2B | $10.56 | $25.7B | $3.1B | 26.0% | 0.30 | 16.3% | 1.29 | 2/9 | 5/9 | 5/7 | 3/3 | F-Score 7 | 7/11 |