Stock fact sheet · data as of
Belden Inc. (BDC): fair value, margin of safety and Wheel Score
Technology · Communication Equipment · United States · Value
Is BDC undervalued?
BDC closed at 104.22 on 16 Oct 2026 against a GLS average fair value of 100.11 - 4.1% above fair value, which our screens read as "fairly priced". 4 of 9 models are above the current price. There is no discount to lean on here, so the margin of safety is not the reason to look at the stock.
There is a wide gap between DDM (2.94) and Graham Growth (219.20). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files BDC under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for BDC
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 | 116.52 | +12% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 70.79 | -32% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 219.20 | +110% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 85.46 | -18% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 50.17 | -52% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 162.89 | +56% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 123.42 | +18% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 2.94 | -97% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 69.63 | -33% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -23.79 | -123% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 155.00 | +49% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Belden Inc. scores 9 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 4.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 8.9%, ROE 18.8%, ROA 6.7% - with debt at 1.11 times equity and a free-cash-flow yield of 5.2%.
The dividend yield is 0.19% with a payout ratio of 3% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Automation Solutions 74%, Smart Buildings Solutions 26% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 8/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 9 / 9 | ROIC | 8.9% |
|---|---|---|---|
| GLS Moat | 4.7 / 10 | ROE | 18.8% |
| Debt / equity | 1.11 | ROA | 6.7% |
| Free-cash-flow yield | 5.2% | Payout ratio | 3% |
| Institutions | 10 / 10 | Insiders · Congress | 8 · 5 / 10 |
Wheel Score 72: Good
With a Wheel Score of 72 - the Good band - Belden Inc. clears the Sunday Scan's "70 or higher" rule. The parts: Value 11/25, Health 20/20, Moat 7/15, Premium 20/20, Stability 15/20; Value (11/25) scores lowest.
Implied volatility is 55% 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 3,084 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 479k shares a day on a market cap of $4.1B, with a beta of 1.13; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 11 / 25 | -4% margin of safety | |
| Health | 20 / 20 | Piotroski 9/9 | |
| Moat | 7 / 15 | moat 4.7/10 | |
| Premium | 20 / 20 | implied volatility 55% | |
| Stability | 15 / 20 | 479k shares/day, $4.1B cap, beta 1.13 |
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
Belden Inc. reports earnings on 29 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Communication Equipment
The 12 companies below are the closest to Belden Inc. by market cap within the Communication Equipment 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 |
|---|---|---|---|---|---|
| ONDS Ondas Holdings Inc. | 6.35 | 9.04 | +30% | 45Weak | $3.7B |
| EXTR Extreme Networks, Inc. | 22.40 | 6.17 | -263% | 59Fair | $3.0B |
| DGII Digi International Inc. | 71.75 | 44.59 | -61% | 58Fair | $2.7B |
| CALX Calix, Inc. | 37.19 | 27.94 | -33% | 55Fair | $2.3B |
| AAOI Applied Optoelectronics, Inc. | 83.73 | - | - | 43Weak | $7.1B |
| FUNR Funr | 0.2256 | 0.0000 | -683243% | 14No options | $2.3B |
| VSAT Viasat, Inc. | 61.73 | 65.02 | +5% | 45Weak | $8.5B |
| VIAV Viavi Solutions Inc. | 38.55 | 7.64 | -405% | 45Weak | $9.5B |
| VISN Vistance Networks, Inc. | 5.90 | 51.45 | +89% | 76Good | $1.4B |
| ARLO Arlo Technologies, Inc. | 12.44 | 9.76 | -27% | 51Fair | $1.3B |
| HLIT Harmonic Inc. | 10.58 | 3.00 | -253% | 45Weak | $1.2B |
| ZBRA Zebra Technologies Corporation | 376.88 | 227.01 | -66% | 60Fair | $17.8B |
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Start free See the Sunday ScanQuestions about BDC
Is BDC undervalued right now?
Not meaningfully: at 104.22 the stock trades within a few percent of the GLS average fair value of 100.11 (4.1% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of BDC and what does it mean?
BDC scores 72 out of 100 (Good). 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 BDC?
100.11 per share as of 16 Oct 2026 - the simple average of the 9 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 Belden Inc. report earnings next?
The next earnings report is due on 29 Oct 2026 (before the open), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BDC have listed options, and how liquid are they?
Yes. The nightly snapshot found 254 listed contracts with 3,084 open interest across all expiries and implied volatility of 55% 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.