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← CockpitCompetitor Analysis › AIOT PowerFleet, Inc.Open in the cockpit ↗

PowerFleet, Inc.AIOTCompetitor analysis, valuation and peers

United States · USD·Information Technology›Packaged Software
Momentum leader 80
Mkt cap
$361M
US dollars, full cap
Free float
94%
of shares outstanding
$/day
$4.14M
20-day average traded
Fwd P/E
87.7×
forward earnings
ROIC−WACC
-5.9 pp
WACC 9.0%
Hurdle
-16 pp
Req g minus delivered
Next earnings
3 days
9 Nov 2026
Close · USD$4.41
1Dn/a
1W+12.5%
1M+3.0%
3M+29.7%
6M-3.5%
YTD-17.1%
1Y+10.0%
ATR %4.6%
Beta2.29
52w lowhigh25.0% off high

What PowerFleet does

Employees: 2,658

PowerFleet at a glance

Size PowerFleet (AIOT) is a United States Information Technology company (Packaged Software) with a market value of $361M, the 2950th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.41 on 6 Nov 2026.

Performance Over six months the shares fell 3.5%, against -19.3% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 15.1% over the last twelve months (peer median +7.9%); the operating margin is 6.5% (peer median 4.7%).

Valuation It trades at 87.7× forward earnings against a peer median of 19.3× (2nd most expensive of 10).

Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +31%, so the hurdle is -16 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 5.9 points below its cost of capital (9.0% WACC).

Short interest Short interest is 10.0% of the free float (15 Oct 2026).

Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026AIOT 91Peer median 80
Six months, rebased to 100: PowerFleet against the median of its 20 peers (local-currency closes).

PowerFleet financials

Reported figures in USD; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$450M$444M$363M$135M$135M
Revenue growth—+22%+169%0%—
Gross profit$251M$246M$195M$64.8M$64.2M
EBITDA$89.8M$90.4M$58.4M-$17.8M$4.07M
Net income-$18.8M-$20.6M-$51.0M-$34.1M-$7.00M
Free cash flow$15.8M$8.84M-$23.4M-$1.52M-$2.76M
Capital expenditure$37.3M$40.1M$33.8M$1.90M$5.74M
Total debt$296M$297M$287M$123M$29.8M

Quarterly statements and history in the cockpit →

PowerFleet competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%-20%-10%0%+10%LIME300359300419300235201330036544811384LAW603189VHICRNC3001503763SPIR11204046873692AIOT6-month return →1-month return →
Up and to the right = strong over both horizons. PowerFleet is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%50×100×LIME44811384VHICRNC37633011951120404687AIOTRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. PowerFleet is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%0%25%50%LIME3004194481VHICRNC300150376330119511204046873011593692AIOTGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. PowerFleet is the large dot.

PowerFleet competitors and peer comparison

How PowerFleet compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

PowerFleet against its 20 peers (data as of 6 Nov 2026)
MeasureAIOTPeer medianRank in peer set
1-month return+3.0%-5.8%5th highest of 21
6-month return-3.5%-19.3%7th highest of 21
Distance from 52-week high-25.0%-41.2%4th highest of 21
Revenue growth (TTM)+15.1%+7.9%8th highest of 21
Operating margin6.5%4.7%9th highest of 21
Forward P/E87.7×19.3×2nd most expensive of 10
Growth the price implies (Req g, 7 yrs)15.3%8.6%5th most demanding of 13
Growth delivered (Del g)+31.3%+12.0%3rd highest of 13
Hurdle (Req g minus delivered)-16.0 pp-10.1 pp6th least demanding of 13
ROIC minus cost of capital-5.9 pp-7.1 pp10th highest of 20
EV / EBITDA7.0×12.3×cheapest of 10
Net debt / EBITDA2.9×-2.6×most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
PowerFleet AIOTUnited States$361M-4%+15%7%87.7×15.3%+31.3%
Lime Technologies LIME.STSweden$361M+24%+9%21%26.0×-1.6%+16.9%
Qtone Education Group (Guangdong) 300359.SZChina$361M-24%-29%-34%n/an/an/a
Beijing Interact Technology 300419.SZChina$360M-8%-52%-54%n/a36.2%-17.8%
Shenzhen Fangzhi Science and Technology 300235.SZChina$359M-33%+27%7%n/an/an/a
Weimob 2013.HKHong Kong$358M-55%+40%-14%n/an/an/a
Beijing Forever Technology 300365.SZChina$357M-32%-47%-52%n/an/an/a
Base 4481.TJapan$356M-7%+1%26%13.1×-13.4%+11.9%
Deepexi Technology 1384.HKHong Kong$356M-88%+86%-9%101.4×n/an/a
CS Disco LAWUnited States$367M+37%+12%-20%n/an/an/a
Shanghai WonderTek Software 603189.SSChina$355M-28%+7%-8%n/an/an/a
Vitalhub VHI.TOCanada$354M-2%+54%12%22.2×13.6%+51.2%
Cerence CRNCUnited States$369M-17%+26%12%10.8×6.4%-5.3%
Beijing Century Real Technology 300150.SZChina$354M-21%-8%0%n/a48.8%+2.2%
Pro-Ship 3763.TJapan$370M+33%+15%36%19.3×-4.4%+9.4%
Nanjing Bestway Intelligent Control Technology 301195.SZChina$370M-18%-4%6%29.8×10.7%+17.0%
Spire Global SPIRUnited States$351M-53%-33%-108%n/an/an/a
Wemade 112040.KSSouth Korea$351M-43%-3%6%10.4×5.7%+37.1%
TDC SOFT 4687.TJapan$347M+19%+7%10%13.6×-4.5%+12.1%
Beijing SunwayWorld Science & Technology 301159.SZChina$347M-23%+17%3%n/a53.6%+7.0%
FFRI Security 3692.TJapan$347M+15%+28%29%n/a34.6%+21.9%

Questions

Which companies are PowerFleet's closest peers?
The cockpit's peer set: Lime Technologies (LIME.ST), Qtone Education Group (Guangdong) (300359.SZ), Beijing Interact Technology (300419.SZ), Shenzhen Fangzhi Science and Technology (300235.SZ), Weimob (2013.HK), Beijing Forever Technology (300365.SZ), Base (4481.T), Deepexi Technology (1384.HK).
Is PowerFleet expensive compared with its peers?
On forward p/e it trades at 87.7× against a peer median of 19.3×, 2nd most expensive of 10 in its peer set. For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +31%, so the hurdle is -16 pp: the price already allows for a slowdown.
How has PowerFleet stock performed?
Over six months to 6 Nov 2026 the shares returned -3.5% against -19.3% for the median peer; over one year +10.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.