Communications Equipment stocks: intrinsic value, ROIC & growth
15 U.S. communications equipment companies with at least three years of SEC filings, ranked by size. 6 of the 8 with a current price trade below their Graham intrinsic value. The median company earned a -6.8% average return on invested capital and grew revenue 9.2% a year.
Updated October 18, 2026
15companies
6below Graham value
-6.8%median 10-yr ROIC
9.2%median revenue CAGR
Most undervalued communications equipment stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| ESE | ESCO TECHNOLOGIES INC | +54% | $249.12 | $383.64 | 35% below | $6.5B | 8.1% | 7.5% |
| NSSC | NAPCO SECURITY TECHNOLOGIES, INC | +11% | $35.57 | $39.53 | 10% below | $1.3B | 21.9% | 9.2% |
Highest-ROIC communications equipment stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| NSSC | NAPCO SECURITY TECHNOLOGIES, INC | 21.9% | $35.57 | $39.53 | 10% below | $1.3B | 21.9% | 9.2% |
| ESE | ESCO TECHNOLOGIES INC | 8.1% | $249.12 | $383.64 | 35% below | $6.5B | 8.1% | 7.5% |
| LITE | Lumentum | 1.8% | $824.13 | — | — | $57.4B | 1.8% | 6.9% |
All communications equipment stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| LITE | Lumentum | $824.13 | — | — | $57.4B | 1.8% | 6.9% |
| ESE | ESCO TECHNOLOGIES INC | $249.12 | $383.64 | 35% below | $6.5B | 8.1% | 7.5% |
| NSSC | NAPCO SECURITY TECHNOLOGIES, INC | $35.57 | $39.53 | 10% below | $1.3B | 21.9% | 9.2% |
| TBCH | Turtle Beach Corp | $15.20 | — | — | $310.9M | -438.5% | 7.0% |
| AIOT | Powerfleet, Inc. | $2.39 | — | — | $286.5M | -11.1% | 31.3% |
| RSKIA | GEORGE RISK INDUSTRIES, INC. | $20.75 | $77.06 | 73% below | $101.9M | 11.1% | 9.6% |
| INSG | INSEEGO CORP. | $4.12 | $0.02 | 20500% above | $62.3M | 0.0% | -4.2% |
| AMPGR | AmpliTech Group, Inc. | — | $0.08 | — | — | -6.8% | 32.2% |
| AMPG | AmpliTech Group, Inc. | $2.39 | $0.08 | 2888% above | $50.2M | -6.8% | 32.2% |
| VISL | Vislink Technologies, Inc. | $4.00 | — | — | $9.8M | -142.6% | 45.8% |
| TRCK | Track Group, Inc. | $0.50 | $3.71 | 87% below | $5.9M | -2.1% | 2.9% |
| REKR | Rekor Systems, Inc. | $0.33 | — | — | $5.1M | -75.9% | 16.6% |
| KSCP | Knightscope, Inc. | $0.54 | — | — | $4.6M | 44.8% | 27.7% |
| IWAL | iWallet Corp | $0.02 | $5.56 | 100% below | $177.2K | -43.3% | -34.9% |
| ASNS | ACTELIS NETWORKS INC | $0.05 | $144.95 | 100% below | $71.1K | -525.7% | -19.0% |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue