PLUXEE NV (PLX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of PLUXEE NV stock €26.09, price €11.93, upside +118.7%, quality 60 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
33‑month range €9.97 – €30.03 · fair‑value band €19.57 – €32.61 · the €11.93 price screens below the €26.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
Follow PLUXEE in your weekly email
Every Wednesday you see whether PLUXEE is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Pluxee N.V. offers employee benefits and engagement solutions services in France, Latin America, Continental Europe, and internationally.
Show moreShow less
The company provides employee benefits comprising meal, food, gift, mobility, training, insurance, and wellness benefits as well as engagement solutions; health, mental and physical well-being, leisure and culture, hybrid work, training, and uniforms; and other products and services, including rewards and recognition, public benefits, and fuel, fleet and expense management solutions.
Its products are distributed through pre-paid cards, unreimbursed cards, digital solutions, paper vouchers. Pluxee N.V. was formerly known as Sodexo Asset Management 2 B.V. and changed its name to Pluxee N.V. in December 2023.
The company was incorporated in 2022 and is headquartered in Issy-les-Moulineaux, France.
Stock analysis
PLUXEE NV (PLX) currently trades at €11.93, while our model-based Fair Value estimate is €26.09, implying the stock looks roughly 54% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of €44.73 per share, and 19 of the 24 models we run sit above the €11.93 price.
Bear case: the Dividend Discount group reads lowest at €5.29, and 5 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €19.57 (bear) to €32.61 (bull), the price of €11.93 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
PLUXEE NV reported revenue of €1.3B in FY2026 versus €842M in FY2022, a compound +11.5%/yr. Reported net income was €171M in FY2026, compounding −0.4%/yr from FY2022.
Key figures
Market cap €1.7B Small · P/E ratio 9.9 · P/S ratio 1.32 · EPS (TTM) €1.21 · Dividend yield 5.4% · Net margin 13.1% · Return on equity 50.7% · Return on assets (EBIT) 4.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at 119%, PLX screens cheaper than that median.
Fair Value models
Bear€19.57Fair Value €26.09Bull€32.61
Price €11.93 · Upside +118.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 2 months old). Earnings retained since then (€0.1074 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.96/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.2%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+9.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.7%
Dividend (yield on the price)5.4%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 23%
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +0.6% a year for the forecasts.
News mood ⓘNews mood, the average tone of recent news (75 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Thin evidence across categories keeps quality near neutral, with the core benefits platform as main strength offset by high leverage and low ROA as primary weakness.
Main risk: Regulatory shifts in key markets could constrain the core benefits business and limit deeper client relationships from the recent study insights.
Pluxee helps employers navigate three paradoxes in employee engagement amid inflation and AI. The company released a global study on these dynamics in September. Will these insights drive deeper client relationships in its core benefits business or mainly expose limits from regulatory shifts in key markets?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Business Services · 229 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+118.7% · Top 25%
Profitability
Return on equity (12 months)50.7% · Top 25%
Return on assets2.6% · Below median
Net margin (12 months)13.1% · Top 25%
Operating margin (12 months)27.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−0.8% · Bottom 25%
Dividend yield (12 months)5.4% · Top 25%
Balance sheet
Debt / equity2.55× · Highest 25%
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (12 months)9.9× · Cheapest 25%
P/B4.05× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "PLUXEE NV Fair Value". https://www.fairvalue-calculator.com/stock/PLX
Frequently asked questions
Is PLUXEE NV (PLX) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €26.09 versus a price of €11.93, about +119% upside (undervalued).
What is the fair value of PLX?
Our model-based fair value for PLUXEE NV is €26.09 (as of Nov 4, 2026), built from audited fundamentals. The current price: €11.93.
What is the quality score of PLX?
PLUXEE NV has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for PLUXEE NV (PLX)?
Our model-based price target is the fair value of €26.09 (as of Nov 4, 2026) from 24 valuation models. Cautious scenario €19.57, optimistic scenario €32.61. It is a calculation from audited fundamentals, not an analyst target.
What is the PLUXEE NV stock forecast for 2026?
Our models put fair value at €26.09, about +119% upside versus a price of €11.93 (undervalued). Cautious scenario €19.57, optimistic scenario €32.61. The calculation is refreshed regularly with new filings.
What is the revenue of PLUXEE NV (PLX)?
PLUXEE NV reported trailing-twelve-month revenue of about €1.3B (latest available figure, as of Nov 4, 2026).
Does PLUXEE NV pay a dividend?
PLUXEE NV currently shows a dividend yield of 5.45% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of PLUXEE NV (PLX) and when is the ex-dividend date?
PLUXEE NV pays a dividend of €0.65 per share a year, a dividend yield of 5.4%. The next ex-dividend date is Dec 21, 2026. The payout ratio is 53.7% of earnings. Free cash flow covers the dividend 4.69 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into PLUXEE NV (PLX)?
For today's price to be fair in a discounted-cash-flow model, PLUXEE NV would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.2 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of PLX use?
Our models discount PLUXEE NV at 11.1 %: a base by market capitalisation (small), damped by beta 0.77, country premium for France. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For PLUXEE NV that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has PLUXEE NV (PLX) delivered so far?
Over the past 5 years revenue at PLUXEE NV grew +12.2 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of PLUXEE NV (PLX) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into PLUXEE NV (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of PLUXEE NV (PLX)?
The free-cash-flow yield on the price is 24.36 %: that much free cash flow PLUXEE NV produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PLUXEE NV (PLX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PLUXEE NV it is €26.09 per share (as of Nov 4, 2026), against a price of €11.93. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is PLUXEE NV stock overvalued or undervalued in 2026?
As of Nov 4, 2026, PLX trades below its calculated fair value: price €11.93, fair value €26.09, a gap of about +119% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PLX?
No. The price is what the market pays today (€11.93); the fair value is what the company's own numbers justify (€26.09). For PLUXEE NV the two are €14.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is PLUXEE NV worth?
The market values PLUXEE NV at about €1.7B (market capitalisation, as of Nov 4, 2026). Per share that is €11.93; our models calculate a fair value of €26.09 per share.
What do the bullish and bearish scenarios say about PLX?
Our models span a range for PLUXEE NV: cautious scenario €19.57, base €26.09, optimistic €32.61 per share (as of Nov 4, 2026, price €11.93). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PLX?
PLUXEE NV trades at a price-to-earnings ratio of 9.9 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €26.09 is built from several models across several years. Other multiples: P/B 4.1, P/S 1.3, EV/EBITDA 1.3.
How solid is the balance sheet of PLUXEE NV (PLX)?
Balance-sheet figures for PLUXEE NV (as of Nov 4, 2026): return on equity 50.7%, debt of 2.55 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is PLX from its 52-week high?
PLUXEE NV trades at €11.93, about 26% below its 52-week high of €16.14 and 20% above the low of €9.97 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €26.09 is for.
Which stocks are comparable to PLUXEE NV?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is PLUXEE NV stock attractive at the current price?
The data as of Nov 4, 2026: price €11.93, calculated fair value €26.09 (+119%), Quality Score 60/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PLX calculated?
We run PLUXEE NV through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €26.09 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. PLUXEE NV currently trades 54% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of PLUXEE NV (PLX)?
The closing price on Nov 6, 2026 was €11.93. Our model-based fair value is €26.09, about +119% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PLUXEE NV right now?
The price is below even our cautious bear case (€19.57). The market is more pessimistic than our downside scenario. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of PLUXEE NV
How large is the market capitalisation of PLUXEE NV (PLX)?
The market capitalisation of PLUXEE NV is €1.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of PLUXEE NV (PLX)?
The price-to-sales ratio of PLUXEE NV is 1.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PLUXEE NV (PLX)?
Earnings per share at PLUXEE NV are €1.21 (price ÷ EPS = P/E 9.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PLUXEE NV (PLX)?
The dividend yield of PLUXEE NV is 5.4% (payout 53.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of PLUXEE NV (PLX)?
The net margin of PLUXEE NV is 13.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of PLUXEE NV (PLX)?
The return on equity (ROE) of PLUXEE NV is 50.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of PLUXEE NV (PLX)?
On an EBIT basis the return on assets of PLUXEE NV is 4.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of PLUXEE NV (PLX)?
The operating margin of PLUXEE NV is 27.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PLUXEE NV (PLX)?
Revenue at PLUXEE NV is growing −0.8% versus a year earlier (3y avg +7.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at PLUXEE NV (PLX)?
Earnings per share at PLUXEE NV are growing −31.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does PLUXEE NV (PLX) hold?
PLUXEE NV holds more cash than debt, €942M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch PLUXEE NV in the live analysis
One click puts PLUXEE NV on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 4, 2026