# Belden Inc (BDC) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Electrical Equipment. Price $122.28, market value $4.8 billion.

## Valuation
- **P/E (trailing): 19.9×** (5-yr avg 23.1×, 3-yr avg 18.9×). Belden Inc trades at 19.9× trailing earnings, close to its own five-year average of 23.1×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 12.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.53**. A PEG of 0.53 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.7×**. Each dollar of revenue is priced at 1.7×.
- **Price / book: 3.4×**. The shares trade at 3.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 11.9×**. Enterprise value is 11.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.4%** (5-yr avg 5.5%). Free cash flow equals 4.4% of the market value, in line with its five-year average of 5.5%.
- **Earnings yield: 5.0%**. The inverse of the P/E: 5.0% of the price is earned each year.

## Profitability
- **Gross margin: 37.6%**. Belden Inc keeps 37.6% of revenue after the direct cost of what it sells.
- **Operating margin: 11.9%**. 11.9% of revenue is left after running the business.
- **Net margin: 8.7%**. 8.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.8%**. 18.8% on shareholders' equity is solid.
- **Return on invested capital: 12.5%**. Return on all capital, debt included, is 12.5%.
- **Return on assets: 6.9%**. Each dollar of assets produces 6.9% of profit.

## Growth
- **Revenue growth (1 yr): 10.3%** (3-yr 1.4%/yr, 5-yr 9.2%/yr). Revenue grew 10.3% over the last year, against 9.2% a year compounded over five years.
- **EPS growth (1 yr): 23.1%** (3-yr 1.1%/yr). Earnings per share rose 23.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 7.5%/yr**. Free cash flow has compounded at 7.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.02**. Debt is 1.02 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.9×**. It would take 1.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.16%** ($0.20 per share, trailing). Belden Inc yields 0.16%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 3%** (4% of free cash flow). 3% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 22**. 22 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: strong_buy** (4 analysts). 4 analysts cover Belden Inc; the consensus is strong_buy, with an average price target of $156.50 (+28% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -5.5%** (YTD 5.0%, 3-mo 15.2%). The shares are down 5.5% over twelve months including dividends.
- **From 52-week high: -23.6%** (24.8% above the low). Trading 24% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 1.54** (volatility 41%). Beta of 1.54 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BDC · Page: https://foliofundamentals.com/stocks/bdc

Not investment advice.