BELFA vs HSAI vs LITE Stock Comparison

Bel Fuse, Hesai and Lumentum Holdings Prices as of Oct 26, 2026 Peers: Industry group
BELFA Bel Fuse Inc /Nj
$166.51 -18.0% 1M +20.0% 1Y
Market cap
$2.37B
P/E
44.2x
Revenue (TTM)
$744.09M
Div. yield
–
Electronic Components Technology
4 wins
HSAI Hesai Group
$13.69 -15.8% 1M -40.0% 1Y
Market cap
$1.84B
P/E
26.0x
Revenue (TTM)
$480.33M
Div. yield
–
Electronic Components Technology
3 wins
LITE Lumentum Holdings Inc.
$818.10 -13.1% 1M +356.3% 1Y
Market cap
$64.72B
P/E
–
Revenue (TTM)
$3.01B
Div. yield
–
Electronic Components Technology
3 wins

Head to Head

10 decided of 12

Bel Fuse leads on 4 of the 12 questions below (Bel Fuse 4, Lumentum Holdings 3, Hesai 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBELFAHSAILITELeader
Larger companyMarket capitalisation $2.37B $1.84B $64.72B LITE
Cheaper on earningsLower P/E, profitable companies only 44.2x 26.0x -9.3x HSAI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.0x 228.2x 38.5x BELFA
Faster revenue growthRevenue growth, trailing twelve months +25.3% +38.6% +83.2% LITE
More profitableNet margin, trailing twelve months 7.2% 14.7% -230.2% HSAI
Better return on capitalReturn on invested capital 12.7% — 8.1% BELFA
Less leveragedLower net debt / EBITDA — — -1.4x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +20.0% -40.0% +356.3% LITE
Better 5-year returnAnnualised price return, 5 years +66.0%/yr — +59.0%/yr BELFA
Less volatileAnnualised volatility, 1 year 59.2% 71.3% 98.8% BELFA
Higher overall scoreMean of the five percentile scores vs peers 63/100 73/100 47/100 HSAI

Percentile Scorecard

BELFAHSAILITE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBELFAHSAILITE
Valuation 75 #29 of 111 67 #37 of 111 9 #101 of 111
Growth 59 #45 of 108 97 #4 of 108 80 #22 of 108
Profitability 73 #29 of 104 54 #48 of 104 40 #63 of 104
Financial Health 81 #23 of 115 – 56 #51 of 115
Shareholder Returns 29 #58 of 81 – 48 #43 of 81
Overall 63 73 47
  • BELFA ranked among 121 companies in Computer Hardware
  • HSAI ranked among 121 companies in Computer Hardware
  • LITE ranked among 121 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBELFAHSAILITESPY
1 month -18.0%-15.8%-13.1% -0.8%
3 months -26.2%-11.3%+14.9% +3.5%
6 months -27.5%-41.5%-4.8% +7.0%
Year to date +9.7%-38.9%+122.0% +12.2%
1 year +20.0%-40.0%+356.3% +13.0%
3 years +244.5%+36.9%+2,168.1% +86.3%
3 years, per year +51.1%+11.0%+183.3% +23.1%
5 years +1,156.7%—+913.8% +68.6%
5 years, per year +66.0%—+59.0% +11.0%
10 years +811.4%—+1,912.5% +258.0%
10 years, per year +24.7%—+35.0% +13.6%

Risk

MeasureBELFAHSAILITESPY
Volatility, 1Y 59.2%71.3%98.8% 12.7%
Downside volatility, 1Y 67.3%68.0%100.3% 12.7%
Beta vs S&P 500, 1Y 2.272.873.15 1.00
Return / volatility, 1Y 0.34-0.563.61 1.02
Max drawdown, 5Y -44.8%-84.2%-66.5% -25.4%
From 52-week high -42.8%-52.4%-27.8% -1.8%
52-week high $291.23$28.79$1,133.40 $779.14
52-week low $114.02$12.14$188.36 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBELFAHSAILITE
P/E now vs peer median 42.2xmedian 32.0x 26.9xmedian 32.0x -8.8xmedian 32.0x
P/S now vs peer median 2.8xmedian 2.8x 4.5xmedian 2.8x 24.0xmedian 2.8x
EV/EBITDA now vs peer median 11.9xmedian 19.4x —median 19.4x 89.7xmedian 19.4x
P/FCF now vs peer median 28.0xmedian 29.0x —median 29.0x 241.5xmedian 29.0x
P/B now vs peer median 2.3xmedian 2.9x —median 2.9x 15.6xmedian 2.9x
PEG now vs peer median -3.04median 1.13 0.45median 1.13 0.03median 1.13

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBELFAHSAILITE
Revenue $744.09M $480.33M $3.01B
Gross profit $294.08M $195.19M $1.26B
Operating income $118.20M $24.53M $524.80M
Net income $77.96M $63.29M -$6.94B
Free cash flow $73.34M – $300.10M
R&D $33.09M $122.50M $356.50M
EPS (diluted) $3.94 $0.48 $-92.99
Cash & equivalents $306.11M $222.56M $2.04B
Total debt – – $1.64B
Shares (diluted) 13.61M 146.44M 74.60M
Enterprise value $1.89B -$1.68B $56.53B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBELFAHSAILITE
P/E 42.2x 26.9x -8.8x
P/FCF 28.0x – 241.5x
P/Operating cash flow 24.6x – 96.5x
P/S 2.8x 4.5x 24.0x
P/B 2.3x – 15.6x
P/Tangible book 3.0x – 16.8x
EV/EBITDA 11.9x – 89.7x
EV/EBIT 14.8x 47.2x 136.0x
EV/Revenue 2.3x 2.4x 23.7x
EV/FCF 23.8x – 237.9x
EV/Operating cash flow 20.9x – 95.0x
PEG (3Y EPS CAGR) -3.04 0.45 0.03

Growth

14 metrics
MetricBELFAHSAILITE
Revenue growth (1Y) 25.3% 38.6% 83.2%
Revenue CAGR (3Y) 2.6% 27.1% 19.5%
Gross profit growth (1Y) 30.8% 32.5% 173.1%
Gross profit CAGR (3Y) 11.3% 36.0% 30.2%
Operating income growth (1Y) 50.2% 1,028% 391.4%
Operating income CAGR (3Y) 10.6% 32.9% 87.0%
Net income growth (1Y) 30.7% 405.8% -26,876%
Net income CAGR (3Y) 2.2% 46.3% -274.9%
EPS growth (1Y) -2.1% 342.2% -25,088%
EPS CAGR (3Y) -13.9% 59.8% -264.1%
Operating cash flow growth (1Y) 29.3% – 494.9%
Operating cash flow CAGR (3Y) 6.2% – 61.1%
Free cash flow growth (1Y) 52.7% – 386.6%
Free cash flow CAGR (3Y) 8.5% – 80.2%

Profitability

14 metrics
MetricBELFAHSAILITE
Gross margin 39.5% 40.6% 41.7%
EBITDA margin 19.8% – 26.4%
Operating margin 15.9% 5.1% 17.4%
Pretax margin 12.5% 7.6% -238.0%
Net margin 7.2% 14.7% -230.2%
FCF margin 9.9% – 10.0%
Operating cash flow margin 11.2% – 24.9%
Return on equity 11.6% – -182.1%
Return on assets 7.0% 4.0% -96.8%
Return on invested capital 12.7% – 8.1%
Return on capital employed 12.4% – 11.2%
Asset turnover 0.7x 0.3x 0.4x
Cash conversion (OCF / net income) 1.1x – -0.1x
Stock comp / revenue 1.2% – 5.6%

Financial Health

11 metrics
MetricBELFAHSAILITE
Debt / assets – – 22.4%
Debt / equity – – 0.4x
Net debt / EBITDA – – -1.4x
Debt / FCF – – 5.5x
Liabilities / assets 28.1% – 36.5%
Equity / assets 71.9% – 63.5%
Interest coverage 10.8x 19.1x 24.1x
Current ratio 4.5x – 1.7x
Quick ratio 3.0x – 1.1x
Cash ratio 2.0x – 1.1x
Altman Z-score 5.37 – 15.76

Shareholder Returns

7 metrics
MetricBELFAHSAILITE
Dividend yield 0.1% – –
Net buyback yield – – 0.0%
Shareholder yield 0.1% – 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBELFAHSAILITE
Forward P/E 16.0xFY2026 228.2xFY2026 38.5xFY2027
EPS, next fiscal year $10.39FY2026 $0.06FY2026 $21.25FY2027
EPS growth, next FY +46.3%FY2026 -86.0%FY2026 +145.1%FY2027
EPS growth, the year after +3.6% +150.0% +61.4%
Revenue, next fiscal year $771.32MFY2026 $675.34MFY2026 $6.52BFY2027
Revenue growth, next FY +14.2%FY2026 +56.0%FY2026 +116.6%FY2027
Revenue growth, the year after +9.0% +28.7% +62.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBELFAHSAILITE
Held by institutions 63.1% 26.6% 92.8%
Institutions holding 110 131 1,316
Change in shares held, QoQ +14.8% -13.3% +6.6%
Institutions buying 70 88 903
Institutions selling 30 31 318
Buyers to sellers 2.33 2.84 2.84

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BELFAHSAILITE
BELFA 1.00 0.31 0.54
HSAI 0.31 1.00 0.33
LITE 0.54 0.33 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BELFA, HSAI and LITE?

Lumentum Holdings (LITE) is the largest by market capitalisation: Bel Fuse (BELFA) $2.37B, Hesai (HSAI) $1.84B, Lumentum Holdings (LITE) $64.72B.

Which stock is cheaper, BELFA, HSAI and LITE?

Hesai (HSAI) trades on the lowest price-to-earnings ratio (Bel Fuse (BELFA) 44.2x, Hesai (HSAI) 26.0x, Lumentum Holdings (LITE) -9.3x). On next year's consensus earnings, Bel Fuse (BELFA) is cheapest (Bel Fuse (BELFA) 16.0x, Hesai (HSAI) 228.2x, Lumentum Holdings (LITE) 38.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Lumentum Holdings (LITE) grew revenue fastest over the trailing twelve months: Bel Fuse (BELFA) +25.3%, Hesai (HSAI) +38.6%, Lumentum Holdings (LITE) +83.2%.

Which company is more profitable?

Hesai (HSAI) has the highest net margin (Bel Fuse (BELFA) 7.2%, Hesai (HSAI) 14.7%, Lumentum Holdings (LITE) -230.2%). On return on invested capital, Bel Fuse (BELFA) leads (Bel Fuse (BELFA) 12.7%, Lumentum Holdings (LITE) 8.1%).

Which stock has performed better?

Over the past year Lumentum Holdings (LITE) returned the most: Bel Fuse (BELFA) +20.0%, Hesai (HSAI) -40.0%, Lumentum Holdings (LITE) +356.3%. Over five years, Bel Fuse (BELFA) compounded fastest (Bel Fuse (BELFA) +66.0%/yr, Lumentum Holdings (LITE) +59.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bel Fuse (BELFA) has been the steadiest (Bel Fuse (BELFA) 59.2%, Hesai (HSAI) 71.3%, Lumentum Holdings (LITE) 98.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BELFA, HSAI and LITE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bel Fuse (BELFA) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.