BEL FUSE INC-CL B (BELFB) Fundamental Analysis & Valuation

NASDAQ:BELFB • US0773473006

200.88 USD
+2.38 (+1.2%)
At close: Mar 11, 2026
200.875 USD
0 (0%)
After Hours: 3/11/2026, 4:07:54 PM

This BELFB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to BELFB. BELFB was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. BELFB has an excellent profitability rating, but there are some minor concerns on its financial health. BELFB is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

9

1. BELFB Profitability Analysis

1.1 Basic Checks

  • In the past year BELFB was profitable.
  • BELFB had a positive operating cash flow in the past year.
  • BELFB had positive earnings in each of the past 5 years.
  • In the past 5 years BELFB always reported a positive cash flow from operatings.
BELFB Yearly Net Income VS EBIT VS OCF VS FCFBELFB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M

1.2 Ratios

  • BELFB has a better Return On Assets (6.58%) than 80.65% of its industry peers.
  • Looking at the Return On Equity, with a value of 14.46%, BELFB belongs to the top of the industry, outperforming 82.26% of the companies in the same industry.
  • BELFB has a Return On Invested Capital of 10.20%. This is amongst the best in the industry. BELFB outperforms 85.48% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BELFB is above the industry average of 8.67%.
Industry RankSector Rank
ROA 6.58%
ROE 14.46%
ROIC 10.2%
ROA(3y)7.94%
ROA(5y)7.61%
ROE(3y)15.83%
ROE(5y)15.9%
ROIC(3y)11.97%
ROIC(5y)10.85%
BELFB Yearly ROA, ROE, ROICBELFB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

1.3 Margins

  • Looking at the Profit Margin, with a value of 9.11%, BELFB belongs to the top of the industry, outperforming 81.45% of the companies in the same industry.
  • BELFB's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 15.49%, BELFB belongs to the best of the industry, outperforming 87.90% of the companies in the same industry.
  • BELFB's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 39.15%, BELFB is doing good in the industry, outperforming 66.94% of the companies in the same industry.
  • In the last couple of years the Gross Margin of BELFB has grown nicely.
Industry RankSector Rank
OM 15.49%
PM (TTM) 9.11%
GM 39.15%
OM growth 3Y19.71%
OM growth 5Y37.5%
PM growth 3Y4.19%
PM growth 5Y27.09%
GM growth 3Y11.75%
GM growth 5Y8.78%
BELFB Yearly Profit, Operating, Gross MarginsBELFB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

6

2. BELFB Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BELFB is creating some value.
  • The number of shares outstanding for BELFB has been increased compared to 1 year ago.
  • The number of shares outstanding for BELFB has been increased compared to 5 years ago.
  • BELFB has a better debt/assets ratio than last year.
BELFB Yearly Shares OutstandingBELFB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M 10M
BELFB Yearly Total Debt VS Total AssetsBELFB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 4.98 indicates that BELFB is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 4.98, BELFB is doing good in the industry, outperforming 70.16% of the companies in the same industry.
  • BELFB has a debt to FCF ratio of 2.88. This is a good value and a sign of high solvency as BELFB would need 2.88 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.88, BELFB is in the better half of the industry, outperforming 73.39% of the companies in the same industry.
  • BELFB has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.46, BELFB is not doing good in the industry: 70.97% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 2.88
Altman-Z 4.98
ROIC/WACC1.14
WACC8.94%
BELFB Yearly LT Debt VS Equity VS FCFBELFB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M

2.3 Liquidity

  • BELFB has a Current Ratio of 3.02. This indicates that BELFB is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of BELFB (3.02) is better than 62.10% of its industry peers.
  • A Quick Ratio of 1.71 indicates that BELFB should not have too much problems paying its short term obligations.
  • BELFB has a Quick ratio (1.71) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 3.02
Quick Ratio 1.71
BELFB Yearly Current Assets VS Current LiabilitesBELFB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

6

3. BELFB Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 33.27% over the past year.
  • BELFB shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 49.17% yearly.
  • BELFB shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.30%.
  • Measured over the past years, BELFB shows a small growth in Revenue. The Revenue has been growing by 7.72% on average per year.
EPS 1Y (TTM)33.27%
EPS 3Y4.99%
EPS 5Y49.17%
EPS Q2Q%29.41%
Revenue 1Y (TTM)26.3%
Revenue growth 3Y1.07%
Revenue growth 5Y7.72%
Sales Q2Q%17.4%

3.2 Future

  • Based on estimates for the next years, BELFB will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.83% on average per year.
  • The Revenue is expected to grow by 7.10% on average over the next years.
EPS Next Y5.41%
EPS Next 2Y9.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.85%
Revenue Next 2Y7.1%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
BELFB Yearly Revenue VS EstimatesBELFB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
BELFB Yearly EPS VS EstimatesBELFB Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2023 2024 2025 2026 2027 2 4 6 8

4

4. BELFB Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 28.33 indicates a quite expensive valuation of BELFB.
  • Compared to the rest of the industry, the Price/Earnings ratio of BELFB indicates a somewhat cheap valuation: BELFB is cheaper than 68.55% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.25. BELFB is around the same levels.
  • BELFB is valuated quite expensively with a Price/Forward Earnings ratio of 26.88.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BELFB indicates a somewhat cheap valuation: BELFB is cheaper than 65.32% of the companies listed in the same industry.
  • BELFB's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.39.
Industry RankSector Rank
PE 28.33
Fwd PE 26.88
BELFB Price Earnings VS Forward Price EarningsBELFB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • BELFB's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BELFB is cheaper than 63.71% of the companies in the same industry.
  • BELFB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BELFB is cheaper than 64.52% of the companies in the same industry.
Industry RankSector Rank
P/FCF 37.07
EV/EBITDA 20.22
BELFB Per share dataBELFB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BELFB does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of BELFB may justify a higher PE ratio.
PEG (NY)5.24
PEG (5Y)0.58
EPS Next 2Y9.83%
EPS Next 3YN/A

6

5. BELFB Dividend Analysis

5.1 Amount

  • BELFB has a yearly dividend return of 0.13%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.46, BELFB pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.13, BELFB pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.13%

5.2 History

  • The dividend of BELFB has a limited annual growth rate of 0.21%.
  • BELFB has paid a dividend for at least 10 years, which is a reliable track record.
  • BELFB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.21%
Div Incr Years0
Div Non Decr Years25
BELFB Yearly Dividends per shareBELFB Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

  • BELFB pays out 5.63% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of BELFB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP5.63%
EPS Next 2Y9.83%
EPS Next 3YN/A
BELFB Yearly Income VS Free CF VS DividendBELFB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M
BELFB Dividend Payout.BELFB Dividend Payout, showing the Payout Ratio.BELFB Dividend Payout.PayoutRetained Earnings

BELFB Fundamentals: All Metrics, Ratios and Statistics

BEL FUSE INC-CL B

NASDAQ:BELFB (3/11/2026, 4:07:54 PM)

After market: 200.875 0 (0%)

200.88

+2.38 (+1.2%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-17
Earnings (Next)04-22
Inst Owners47.31%
Inst Owner Change9.86%
Ins Owners21.83%
Ins Owner Change-11.61%
Market Cap2.54B
Revenue(TTM)675.46M
Net Income(TTM)61.54M
Analysts84.44
Price TargetN/A
Short Float %29.26%
Short Ratio2.95
Dividend
Industry RankSector Rank
Dividend Yield 0.13%
Yearly Dividend0.28
Dividend Growth(5Y)0.21%
DP5.63%
Div Incr Years0
Div Non Decr Years25
Ex-Date04-15
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.62%
Min EPS beat(2)20.49%
Max EPS beat(2)22.75%
EPS beat(4)4
Avg EPS beat(4)20.51%
Min EPS beat(4)13.97%
Max EPS beat(4)24.82%
EPS beat(8)8
Avg EPS beat(8)35.62%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)2.25%
Min Revenue beat(2)1.83%
Max Revenue beat(2)2.67%
Revenue beat(4)4
Avg Revenue beat(4)3.87%
Min Revenue beat(4)0.37%
Max Revenue beat(4)10.59%
Revenue beat(8)6
Avg Revenue beat(8)4.3%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)12.47%
EPS NQ rev (3m)12.47%
EPS NY rev (1m)2.92%
EPS NY rev (3m)2.92%
Revenue NQ rev (1m)4.14%
Revenue NQ rev (3m)4.14%
Revenue NY rev (1m)1.28%
Revenue NY rev (3m)1.28%
Valuation
Industry RankSector Rank
PE 28.33
Fwd PE 26.88
P/S 3.77
P/FCF 37.07
P/OCF 31.55
P/B 5.98
P/tB N/A
EV/EBITDA 20.22
EPS(TTM)7.09
EY3.53%
EPS(NY)7.47
Fwd EY3.72%
FCF(TTM)5.42
FCFY2.7%
OCF(TTM)6.37
OCFY3.17%
SpS53.35
BVpS33.61
TBVpS-0.57
PEG (NY)5.24
PEG (5Y)0.58
Graham Number73.22
Profitability
Industry RankSector Rank
ROA 6.58%
ROE 14.46%
ROCE 12.95%
ROIC 10.2%
ROICexc 10.99%
ROICexgc 25.99%
OM 15.49%
PM (TTM) 9.11%
GM 39.15%
FCFM 10.16%
ROA(3y)7.94%
ROA(5y)7.61%
ROE(3y)15.83%
ROE(5y)15.9%
ROIC(3y)11.97%
ROIC(5y)10.85%
ROICexc(3y)13.81%
ROICexc(5y)12.67%
ROICexgc(3y)25.4%
ROICexgc(5y)20.96%
ROCE(3y)15.2%
ROCE(5y)13.78%
ROICexgc growth 3Y15.34%
ROICexgc growth 5Y33.92%
ROICexc growth 3Y-5.8%
ROICexc growth 5Y21.75%
OM growth 3Y19.71%
OM growth 5Y37.5%
PM growth 3Y4.19%
PM growth 5Y27.09%
GM growth 3Y11.75%
GM growth 5Y8.78%
F-Score8
Asset Turnover0.72
Health
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 2.88
Debt/EBITDA 1.51
Cap/Depr 45.13%
Cap/Sales 1.78%
Interest Coverage 7.07
Cash Conversion 61.44%
Profit Quality 111.5%
Current Ratio 3.02
Quick Ratio 1.71
Altman-Z 4.98
F-Score8
WACC8.94%
ROIC/WACC1.14
Cap/Depr(3y)73.98%
Cap/Depr(5y)67.43%
Cap/Sales(3y)2.1%
Cap/Sales(5y)1.88%
Profit Quality(3y)129.4%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.27%
EPS 3Y4.99%
EPS 5Y49.17%
EPS Q2Q%29.41%
EPS Next Y5.41%
EPS Next 2Y9.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)26.3%
Revenue growth 3Y1.07%
Revenue growth 5Y7.72%
Sales Q2Q%17.4%
Revenue Next Year7.85%
Revenue Next 2Y7.1%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y53.5%
EBIT growth 3Y21%
EBIT growth 5Y48.1%
EBIT Next Year34.81%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y14.43%
FCF growth 3Y29.72%
FCF growth 5Y11.05%
OCF growth 1Y8.84%
OCF growth 3Y26.04%
OCF growth 5Y11.82%

BEL FUSE INC-CL B / BELFB FAQ

What is the fundamental rating for BELFB stock?

ChartMill assigns a fundamental rating of 7 / 10 to BELFB.


Can you provide the valuation status for BEL FUSE INC-CL B?

ChartMill assigns a valuation rating of 4 / 10 to BEL FUSE INC-CL B (BELFB). This can be considered as Fairly Valued.


What is the profitability of BELFB stock?

BEL FUSE INC-CL B (BELFB) has a profitability rating of 9 / 10.


How financially healthy is BEL FUSE INC-CL B?

The financial health rating of BEL FUSE INC-CL B (BELFB) is 6 / 10.


Can you provide the dividend sustainability for BELFB stock?

The dividend rating of BEL FUSE INC-CL B (BELFB) is 6 / 10 and the dividend payout ratio is 5.63%.