Stock fact sheet · data as of
AtriCure, Inc. (ATRC): fair value, margin of safety and Wheel Score
Healthcare · Medical - Instruments & Supplies · United States · High Growth
Is ATRC undervalued?
At 57.78 (close of 16 Oct 2026), ATRC trades 361% over the GLS average fair value of 12.55, with 0 of 7 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
The 7 models disagree widely: EPV gives 2.42 while 10 Cap gives 25.44. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files ATRC under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for ATRC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 7.22 | -88% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 12.44 | -78% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.44 | -91% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 13.32 | -77% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 25.44 | -56% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 21.54 | -63% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 2.42 | -96% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 3.15 | -95% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 57.29 | -1% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health ATRC scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 3.5 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -2.0%, ROE -2.3%, ROA -1.7% - with debt at 0.18 times equity and a free-cash-flow yield of 2.0%.
AtriCure, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Shipping and Handling 100% (fiscal year FY2025).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded Congressional buy was on 20 Aug 2026.
| Piotroski F-score | 8 / 9 | ROIC | -2.0% |
|---|---|---|---|
| GLS Moat | 3.5 / 10 | ROE | -2.3% |
| Debt / equity | 0.18 | ROA | -1.7% |
| Free-cash-flow yield | 2.0% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 58: Fair
ATRC scores 58 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 0/25, Health 18/20, Moat 5/15, Premium 20/20, Stability 15/20. Value (0/25) is where the points are missing.
Implied volatility is 53% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 930 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 851k shares a day on a market cap of $2.9B, with a beta of 1.25 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -361% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 5 / 15 | moat 3.5/10 | |
| Premium | 20 / 20 | implied volatility 53% | |
| Stability | 15 / 20 | 851k shares/day, $2.9B cap, beta 1.25 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Nov 2026 (after the close), 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Medical - Instruments & Supplies
The 12 companies below are the closest to AtriCure, Inc. by market cap within the Medical - Instruments & Supplies industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| PLSE Pulse Biosciences, Inc. | 46.32 | 1.06 | -4275% | 38Weak | $3.3B |
| NVST Envista Holdings Corp | 23.50 | 20.52 | -15% | 65Good | $3.8B |
| ICUI ICU Medical, Inc. | 167.23 | 60.82 | -175% | 50Fair | $4.2B |
| LMAT LeMaitre Vascular, Inc. | 83.16 | 73.78 | -13% | 65Good | $1.9B |
| KMTS Kestra Medical Technologies, Ltd. | 28.68 | - | - | 34No options | $1.7B |
| XRAY DENTSPLY SIRONA Inc. | 8.44 | 17.78 | +53% | 45Weak | $1.7B |
| TFX Teleflex Incorporated | 123.29 | 85.49 | -44% | 45Weak | $5.2B |
| STVN Stevanato Group S.p.A. | 19.31 | 10.82 | -79% | 58Fair | $5.3B |
| MMSI Merit Medical Systems, Inc. | 89.57 | 65.92 | -36% | 59Fair | $5.3B |
| AZTA Azenta, Inc. | 36.52 | 10.35 | -253% | 45Weak | $1.6B |
| BLCO Bausch + Lomb Corporation | 16.66 | 10.95 | -52% | 45Weak | $6.0B |
| STAA STAAR Surgical Company | 21.84 | 2.47 | -783% | 45Weak | $1.1B |
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Start free See the Sunday ScanQuestions about ATRC
Is ATRC undervalued right now?
No: at 57.78 the stock trades 361% above the GLS average fair value of 12.55 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of ATRC and what does it mean?
ATRC scores 58 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for ATRC?
12.55 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does AtriCure, Inc. report earnings next?
The next earnings report is due on 3 Nov 2026 (after the close), 18 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does ATRC have listed options, and how liquid are they?
Yes. The nightly snapshot found 136 listed contracts with 930 open interest across all expiries and implied volatility of 53% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.