MRAM

Everspin Technologies, Inc.

Technology · $386M market cap

Is MRAM undervalued?

Share price

$13.65

as of Oct 22, 2026

Fair value

$4.25

Sticker Price

Payback Price

$1.70

buy price

Overpriced

MRAM is Overpriced: at $13.65 it trades 221% above its fair value of $4.25. Its buy price (Payback Price) is $1.70, 88% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Free Cash Flow. Sales grew -3% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?
Equity per share growth17.9% a year✓
Sales growth8.7% a year✗
Free cash flow growth-22.0% a year✗
Return on invested capital-3.1%✗

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Questions about MRAM

What is MRAM's fair value?

$4.25 as of Oct 22, 2026, worked out with the Free Cash Flow. Sales grew -3% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

At what price would MRAM be a buy?

At or below its buy price of $1.70, a 60% margin of safety below its fair value.

Is MRAM undervalued right now?

MRAM is Overpriced: at $13.65 it trades 221% above its fair value and 703% above its buy price.

How can I check MRAM's value myself?

Use the free Sticker Price calculator, already filled with MRAM's numbers. Change the growth, P/E or required return and see what you'd pay. Open the calculator →

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About Everspin Technologies, Inc.

Everspin Technologies, Inc. is a global provider specializing in the development and distribution of advanced magnetoresistive random access memory (MRAM) products. The company's market reach extends across various international regions, including key territories like the United States, Hong Kong, Japan, China, and Canada. Its comprehensive product line encompasses Toggle MRAM, spin-transfer torque MRAM (STT-MRAM), and tunnel magneto resistance (TMR) sensor components, alongside offering foundry services for embedded MRAM solutions. These high-performance memory devices are deployed in a wide array of demanding applications, serving sectors such as data centers, industrial automation, medical technology, automotive and transportation systems, and the aerospace industry. Everspin supplies its offerings to both original equipment manufacturers (OEMs) and original design manufacturers (ODMs) through a combination of direct sales efforts and a robust network of representatives and distributors. The company, which was founded in 2008, is headquartered in Chandler, Arizona.

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Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of Oct 22, 2026. How the Payback Price works