BK Technologies Corp (BKTI) stock analysis
Close on Nov 13, 2026Market cap $231.74MP/E 17.8Yield –
StockData Score
Prices as of Nov 13, 2026How the score works
Solid19 of 30 checks passed
BK Technologies passes 19 of the 30 checks behind our score; 7 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 5/6
- Growth
- 3/6
- Past performance
- 5/6
- Financial health
- 6/6
- Dividend
- 0/6
What stands out
Margin of safety over 20%
The price is 21.7% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $61.48 is below our fair value estimate of $78.48.
Return on capital over 10%
Return on invested capital was 57.0%, above the 10% that usually covers the cost of capital.
No debt
BK Technologies has no borrowings on its latest balance sheet.
What to watch
Return on equity under 15%
Return on equity was 28.6% over the last twelve months and averaged 1.6% over five years; we look for 15% on both.
Earnings growth not accelerating
Net income grew 7.1% over the last twelve months, against a 5-year average of 134% a year.
P/B above the industry
BK Technologies's price-to-book of 4.12 is above the Communications Equipment median of 2.38.
No dividend
BK Technologies has not paid a dividend in the last twelve months.
Valuation5/6
P/E below its 5-year median
BK Technologies's P/E of 17.8 is below its own 5-year median of 22.9.
P/E below the industry
BK Technologies's P/E of 17.8 is below the Communications Equipment median of 24.6.
EV/EBITDA below its 5-year median
BK Technologies's EV/EBITDA of 11.0 is below its 5-year median of 15.5.
P/B above the industry
BK Technologies's price-to-book of 4.12 is above the Communications Equipment median of 2.38.
Trading below fair value
The share price of $61.48 is below our fair value estimate of $78.48.
Margin of safety over 20%
The price is 21.7% below fair value, more than the 20% cushion we look for.
Growth3/6
Revenue growing 10%+ a year
Revenue grew 19.1% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings growth not accelerating
Net income grew 7.1% over the last twelve months, against a 5-year average of 134% a year.
Growing faster than the industry
Revenue grew 10.8% over the last twelve months; the Communications Equipment median is 10.1%.
Guidance issued
The latest outlook (full-year 2026 revenue, Nov 12, 2026) was issued for the first time, so it neither adds nor takes away points.
Gross margin improving
Gross margin was 51.2% over the last twelve months, against 46.7% a year earlier.
Past performance5/6
Return on equity under 15%
Return on equity was 28.6% over the last twelve months and averaged 1.6% over five years; we look for 15% on both.
Return on capital over 10%
Return on invested capital was 57.0%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
BK Technologies's return on equity of 28.6% is above the Communications Equipment median of -3.7%.
Earnings grew over 5 years
Net income grew 134% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 15.2% over the last twelve months, against a 5-year average of -0.6%.
Net margin above the industry
BK Technologies's net margin of 15.2% is above the Communications Equipment median of -2.2%.
Financial health6/6
No debt
BK Technologies has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term assets cover short-term debts
Current assets are 4.03 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 8.45; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
BK Technologies has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$78.48
The share price is 22% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 23.8× | 22.9× | 24.6× | $82.19 | 44% |
| EV/EBITDA | 17.6× | 15.5× | 19.7× | $93.88 | 39% |
| Earnings power | 8.1% cost of equity | – | – | $32.62 | 17% |
| Fair value | $78.48 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 22.9
- Communications Equipment median 24.6
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $3.60M
- Value traded per 1% price move
- $1.76M
Downside
Low risk
- Typical loss in a bad month
- 14.6%
- Volatility (annualized)
- 45%
- Sharpe ratio, 1 year
- -0.50
- Beta to the S&P 500 (5Y)
- 0.60
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.5% | +19.1% | +14.3% | +11.2% | |
| Gross profit | +44.7% | +62.2% | +18.4% | +3.5% | |
| Operating income | +104.2% | – | +74.3% | +27.3% | |
| Net income | +61.9% | – | +133.7% | +29.2% | |
| EPS, diluted | +52.9% | – | +102.9% | +24.0% | |
| Free cash flow | +59.6% | – | +39.4% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.6% | 0.8% | 36.3% | |
| Return on assets | 6.6% | 0.5% | 23.5% | |
| Current ratio | 4.68 | 2.72 | 4.21 | |
| Debt to equity | – | 0.01 | – | |
| Net debt to EBITDA | – | -2.81× | – | |
| Interest coverage | – | 124.3× | -60.3× | |
| Inventory turnover | 0.0× | 2.2× | 2.6× | |
| Capex to revenue | 2.8% | 2.1% | 1.2% | |
| Diluted shares | 0M | 3M | 4M |
Where the cash went
Fiscal 2021 to 2025, five years combined
BK Technologies generated $49.16M from operations and spent $12.95M on capital expenditure, dividends and share buybacks. 66% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 15.7% | 1.49× | 1.55× | 36.3% |
| FY2024 | 10.9% | 1.52× | 1.97× | 32.7% |
| FY2023 | -3.0% | 1.51× | 2.37× | -10.8% |
| FY2022 | -22.8% | 1.03× | 1.88× | -44.1% |
| FY2021 | -3.7% | 1.02× | 1.58× | -6.0% |
| FY2020 | 0.4% | 1.15× | 1.63× | 0.8% |
| FY2019 | -6.6% | 1.04× | 1.51× | -10.3% |
| FY2018 | -0.4% | 1.20× | 1.37× | -0.7% |
| FY2017 | -9.2% | 0.92× | 1.26× | -10.7% |
| FY2016 | 5.3% | 1.24× | 1.16× | 7.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$13.54M
- Cash generatingOperating cash flow above zero$19.44M
- Return on assets improvedROA up on the prior year16.9% → 26.3%
- Earnings backed by cashOperating cash flow above net income$19.44M vs $13.54M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.64 → 4.21
- No dilutionShare count did not rise4M → 4M
- Gross margin improvedGross margin up on the prior year37.93% → 48.79%
- More efficientAsset turnover rose1.55 → 1.67
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