Tucows Inc (TCX)

NASD · Technology · Software - Infrastructure · Canada

Tucows Inc is a micro cap company (market value under $300 million) in the Software - Infrastructure industry.

Tucows Inc operates three business divisions serving internet customers. Ting provides fiber and wireless connectivity to residential and commercial clients across select U.S. markets. Wavelo delivers software solutions and consulting to communication service providers globally. Tucows Domains offers domain name registration through wholesale and retail channels under multiple brand names, distributing to resellers worldwide.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Tucows Inc stock.

Our verdict on TCX

Overvalued: intrinsic value $2.58 per share, market price $10.99, margin of safety -326.0% (as of 2026-10-30).

Its through-the-cycle earnings (4.4% median margin), capitalised at 6.4% with no growth, values the shares at $2.58; the price of $10.99 is 326% above that value.

Leak Score: 34/100 on 8 of 12 signals (On Watch).

ETFs with the most weight in TCX

16 more funds hold it; the full list is part of the paid plan.

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Cheaper than TCX in Software - Infrastructure

65 more in this industry show a wider margin of safety.

Is TCX undervalued or overvalued?

TCX is overvalued (as of the 2026-10-30 close). Its through-the-cycle earnings (4.4% median margin), capitalised at 6.4% with no growth, values the shares at $2.58; the price of $10.99 is 326% above that value.

What is the intrinsic value of TCX?

$2.58 per share (as of the 2026-10-30 close), against a market price of $10.99. That is a margin of safety of -326.0%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Tucows Inc's Leak Score?

34 out of 100, which we rate "On Watch", on 8 of 12 value investing signals.