TOMI Environmental Solutions, Inc.

TOMZ

IndustrialsIndustrial - Pollution & Treatment ControlsNASDAQ

$0.71

Market Cap: $14.56M

TOMI Environmental Solutions, Inc. (TOMZ) Valuation Summary

Updated May 11, 2026 15:45

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	—	N/A	—
Revenue DCF 10Y	$0.01 – $1.76	$0.08	-88.0%
▸ Trading Multiples
EV/Revenue	$0.11 – $0.70	$0.38	-45.7%

Valuation History

DCF Analysis

TOMI Environmental Solutions, Inc. (TOMZ) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.08

Market Price

$0.71

Upside / Downside

-88.0%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -53.0% to a target of 10.3% over 5 years, discounted at a WACC of 9.2%, TOMI Environmental Solutions, Inc. (TOMZ) has an intrinsic value of $0.08 per share (range: $0.01 – $1.76).

Key Assumptions

Current Operating Margin

-53.0%

Target Operating Margin

10.3%

WACC

9.2%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.4%

Target CapEx/Rev

8.7%

D&A/Revenue

5.8%

Tax Rate

1.7%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2025	7	-10.5%	-40.4%	-3	-3	0	(0)	1	-3	-3
2026	12	68.7%	-27.7%	-3	-3	1	(1)	3	-6	-5
2027	18	57.2%	-15.0%	-3	-3	1	(1)	4	-7	-5
2028	26	41.1%	-2.4%	-1	-1	2	(1)	4	-5	-4
2029	32	22.3%	10.3%	3	3	2	(2)	3	-0	-0
2030	29	-10.0%	10.3%	3	3	2	(2)	-2	5	3
2031	26	-10.0%	10.3%	3	3	1	(2)	-2	4	2
2032	23	-10.0%	10.3%	2	2	1	(2)	-2	3	2
2033	22	-6.5%	10.3%	2	2	1	(2)	-1	3	1
2034	21	-1.7%	10.3%	2	2	1	(2)	-0	2	1

Enterprise Value Bridge

Sum of PV(FCFF)-9

Terminal Value (Gordon Growth at 3.0%)29

PV of Terminal Value13

Enterprise Value4

(–) Net Debt2

Equity Value2

(÷) Shares Outstanding20

Fair Value per Share$0.08

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
7.2%	$-1	$0	$1	$1	$2
8.2%	$-1	$-0	$0	$1	$1
9.2%	$-1	$-0	$0	$0	$1
10.2%	$-1	$-0	$-0	$0	$1
11.2%	$-1	$-0	$-0	$0	$0

Current price: $0.71. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 59.2% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$0.38

Market Price

$0.71

Upside / Downside

-45.7%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), TOMI Environmental Solutions, Inc. (TOMZ) has a fair value of $0.38 based on 7 comparable companies in the Industrial - Pollution & Treatment Controls industry.

EV/Revenue Valuation — Industrial - Pollution & Treatment Controls

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
TOMI Environmental Solutions, Inc.TOMZ	14	2.1x	2.4x
Euroholdings Ltd.EHLD	24	3.1x	—
LiqTech International, Inc.LIQT	23	2.1x	2.0x
Greenland Technologies Holding CorporationGTEC	16	0.2x	0.2x
Hauchen AI Parking Management Technology Holding Co., Ltd.HCAI	13	0.6x	—
WF Holding Limited Ordinary SharesWFF	8	1.6x	—
Callan JMB Inc. CJMB	5	0.8x	—
Captivision Inc.CAPT	2	1.6x	—
Industry Median		1.6x	1.1x
(*) Revenue		8	7
= Enterprise Value		13	8
(-) Net Debt		2	2
Equity Value		10	5
(/) Outstanding shares		20	20
Fair Price		$1	$0

Selected Fair Value (avg of trailing + forward)

$0.38

-45.7%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

—

N/A

—

Revenue DCF 10Y

$0.01 – $1.76

$0.08

-88.0%

▸ Trading Multiples

EV/Revenue

$0.11 – $0.70

$0.38

-45.7%

DCF Analysis

TOMI Environmental Solutions, Inc. (TOMZ) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.08

Market Price

$0.71

Upside / Downside

-88.0%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-53.0%

Target Operating Margin

10.3%

WACC

9.2%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.4%

Target CapEx/Rev

8.7%

D&A/Revenue

5.8%

Tax Rate

1.7%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2025	7	-10.5%	-40.4%	-3	-3	0	(0)	1	-3	-3
2026	12	68.7%	-27.7%	-3	-3	1	(1)	3	-6	-5
2027	18	57.2%	-15.0%	-3	-3	1	(1)	4	-7	-5
2028	26	41.1%	-2.4%	-1	-1	2	(1)	4	-5	-4
2029	32	22.3%	10.3%	3	3	2	(2)	3	-0	-0
2030	29	-10.0%	10.3%	3	3	2	(2)	-2	5	3
2031	26	-10.0%	10.3%	3	3	1	(2)	-2	4	2
2032	23	-10.0%	10.3%	2	2	1	(2)	-2	3	2
2033	22	-6.5%	10.3%	2	2	1	(2)	-1	3	1
2034	21	-1.7%	10.3%	2	2	1	(2)	-0	2	1

Enterprise Value Bridge

Sum of PV(FCFF)-9

Terminal Value (Gordon Growth at 3.0%)29

PV of Terminal Value13

Enterprise Value4

(–) Net Debt2

Equity Value2

(÷) Shares Outstanding20

Fair Value per Share$0.08

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
7.2%	$-1	$0	$1	$1	$2
8.2%	$-1	$-0	$0	$1	$1
9.2%	$-1	$-0	$0	$0	$1
10.2%	$-1	$-0	$-0	$0	$1
11.2%	$-1	$-0	$-0	$0	$0

Current price: $0.71. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 59.2% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$0.38

Market Price

$0.71

Upside / Downside

-45.7%

Verdict

Overvalued

EV/Revenue Valuation — Industrial - Pollution & Treatment Controls

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
TOMI Environmental Solutions, Inc.TOMZ	14	2.1x	2.4x
Euroholdings Ltd.EHLD	24	3.1x	—
LiqTech International, Inc.LIQT	23	2.1x	2.0x
Greenland Technologies Holding CorporationGTEC	16	0.2x	0.2x
Hauchen AI Parking Management Technology Holding Co., Ltd.HCAI	13	0.6x	—
WF Holding Limited Ordinary SharesWFF	8	1.6x	—
Callan JMB Inc. CJMB	5	0.8x	—
Captivision Inc.CAPT	2	1.6x	—
Industry Median		1.6x	1.1x
(*) Revenue		8	7
= Enterprise Value		13	8
(-) Net Debt		2	2
Equity Value		10	5
(/) Outstanding shares		20	20
Fair Price		$1	$0

Selected Fair Value (avg of trailing + forward)

$0.38

-45.7%