Belden (BDC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Belden

NYSE•Technology•Communication Equipment

$107.32-0.12(<0.01%)Pre-market

Market Cap

$4.19B

P/E

23.8x

P/S

1.3x

P/B

3.0x

Belden Inc. provides connection solutions to bring data infrastructure into alignment to unlock new possibilities for its customers. The company provides copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in local area networks, data centers, access control, 5G, fiber to the home, and building automation applications. It also provides power, cooling, and airflow management products for mission-critical data center operations; and end-to-end fiber and copper network systems. It also serves commercial real estate, education, financial institutions, stadiums and venues, military installations, and broadband and wireless service providers, as well as data centers, government, healthcare, and hospitality sectors. In addition, the company offers network digitization and automation solutions; and products and solutions covering various aspects of data handling, including acquisition, transmission, orchestration, and management for applications in discrete automation, process automation, energy, and mass transit. It sells its products to distributors, end-users, installers, and original equipment manufacturers (OEMs). It operates in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company was formerly known as Belden CDT Inc. and changed its name to Belden Inc. in May 2007. Belden Inc. was founded in 1902 and is headquartered in Saint Louis, Missouri.

How this company scores

AverageMetricSide Score: 55/100

Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (7/25).

Profitability10/25

Growth17/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality21/25

Strengths

Growing revenueCash-backed earningsConsistent growthNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 23.8x5y range 16.9x – 81.6x

Currently near its 20-quarter median.

P/S · 1.3x5y range 1.3x – 2.2x

Currently below its 20-quarter median.

P/B · 3.0x5y range 3.0x – 5.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 14.3% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $4.19B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.13B
Q. Revenue: $965.95M
TTM EBITDA: $462.48M
TTM Op. Income: $281.52M
Q. Op. Income: $16.76M
TTM Net Income: $176.10M
Q. Net Income: $-11.35M
EPS: $-0.29
Shares Out.: $39.08M

$3.13B in TTM revenue grew 17.7% YoY, reaching $965.95M last quarter. TTM EBITDA of $462.48M and TTM operating income of $281.52M show growth is flowing through to the bottom line. TTM net income of $176.10M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 35.1%
EBITDA Margin: 9.9%
Op. Margin: 1.7%
Net Margin: -1.2%

Op. margin of 1.7% is down 9.2% YoY — costs are rising relative to revenue. Net margin at -1.2% and gross margin of 35.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 84% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 23.8x
P/S Ratio: 1.3x
P/B Ratio: 3.0x

At 23.8x P/E, the stock trades within typical market levels. P/S of 1.3x and P/B of 3.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.97B
Cash: $380.71M
Long-Term Debt: $3.03B
Book Value: $1.39B
D/E Ratio: 2.2
Debt/EBITDA: 31.9

With $5.97B in assets and $3.03B in long-term debt, D/E is 2.2and book value is $1.39B — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 111% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $129.64M
TTM Free Cash Flow: $228.59M
FCF Margin: 7.3%
FCF / Net Income: 1.3

TTM FCF of $228.59M on $129.64M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.