# Clearfield Inc. (CLFD) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Communications Equipment. Price $28.65, market value $389 million.

## Valuation
- **P/E (trailing): 98.8×** (5-yr avg 24.2×, 3-yr avg 13.2×). Clearfield Inc. trades at 98.8× trailing earnings, well above its own five-year average of 24.2×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 32.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.01**. A PEG of 1.01 is in the range usually read as fairly priced for its growth.
- **Price / sales: 2.7×**. Each dollar of revenue is priced at 2.7×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 77.7×**. Enterprise value is 77.7× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 3.2%** (5-yr avg 2.1%). Free cash flow equals 3.2% of the market value, above its five-year average of 2.1%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 1.0%**. The inverse of the P/E: 1.0% of the price is earned each year.

## Profitability
- **Gross margin: 34.5%**. Clearfield Inc. keeps 34.5% of revenue after the direct cost of what it sells.
- **Operating margin: -0.2%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -5.4%**. The company reported a net loss over the last twelve months.
- **Return on equity: -3.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -0.1%**. Return on all capital, debt included, is -0.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -2.4%**. Each dollar of assets produces -2.4% of profit.

## Growth
- **Revenue growth (1 yr): 19.6%** (3-yr -17.9%/yr, 5-yr 10.0%/yr). Revenue grew 19.6% over the last year, against 10.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 31.8%**. Earnings per share rose 31.8%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Clearfield Inc. holds more cash than debt.
- **Current ratio: 5.42** (quick 5.42). Current assets cover the next year's liabilities 5.42 times.
- **Altman Z-score: 6.99**. A Z-score of 6.99 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Clearfield Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -13.3%** (YTD -1.7%, 3-mo -28.4%). The shares are down 13.3% over twelve months including dividends.
- **From 52-week high: -45.7%** (20.6% above the low). Trading 46% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 2.03** (volatility 60%). Beta of 2.03 against the S&P 500: the shares move much more than the market.

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

Not investment advice.