TeamViewer AG (TMV) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of TeamViewer AG stock €14.50, price €4.83, upside +200.0%, quality 63 out of 100. Rating: strongly undervalued. Calculated from audited financials with 22 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 11, 2026.
How to read this chart
60‑month range €4.20 – €29.81 · fair‑value band €8.47 – €18.13 · the €4.83 price screens below the €14.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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TeamViewer SE, together with its subsidiaries, provides remote connectivity solutions worldwide.
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The company offers TeamViewer remote, a remote access, control, and management solution; TeamViewer Tensor, an enterprise connectivity solution for remote support, control and management of enterprise IT, smart devices, and industrial equipment; TeamViewer Frontline, a digital workflow, instruction, and assistance for smart frontline operations; and TeamViewer Dex, a real-time diagnostics and remediation, monitoring and analytics for insights and AI-driven automation.
It also provides augmented reality and mixed reality-based solutions for manual processes in logistics, manufacturing, and aftersales operations. The company was founded in 2005 and is headquartered in Göppingen, Germany.
Stock analysis
TeamViewer AG (TMV) currently trades at €4.83, while our model-based Fair Value estimate is €14.50, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €23.85 per share, and 22 of the 22 models we run sit above the €4.83 price.
Bear case: the Economic Profit group reads lowest at €7.54, and 0 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: €8.47 (bear) to €18.13 (bull), the price of €4.83 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 63/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
TeamViewer AG reported revenue of €747M in FY2025 versus €501M in FY2021, a compound +10.5%/yr. Reported net income was €118M in FY2025, compounding +24.0%/yr from FY2021.
Key figures
Market cap €843M Small · P/E ratio 6.3 · P/S ratio 1.25 · EPS (TTM) €0.7700 · Net margin 18.5% · Return on equity 65.0% · Return on assets (EBIT) 13.6% (5-year average) · Operating margin 34.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 79 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 9% fair-value upside, at 200%, TMV screens cheaper than that median.
Fair Value models
Bear€8.47Fair Value €14.50Bull€18.13
Price €4.83 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 2025 figures (about 10 months old). Earnings retained since then (€0.6687 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.92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.2%
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.
+9.7%
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.
+10.4%
Start year 2020 (pandemic)
Revenue growth 9 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.
+26.2%
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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.
+7.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.7%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.36% → 32%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−3.2%
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.
+3.2%
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 −5.3% a year for the price and +1.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (86 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: TeamViewer's main strength is robust new business momentum in TeamViewer ONE and its largest enterprise accounts, while its primary weakness remains thin evidence of durable advantage together with leverage where debt substantially exceeds equity.
Main risk: Delayed large deals amid European uncertainty risk slowing the conversion to faster ARR growth and pressuring the reaffirmed solid margins.
TeamViewer shows strong new business momentum in TeamViewer ONE and its largest enterprise accounts, with that activity growing sixfold year over year even as overall revenue fell. Delayed large deals and European uncertainty prompted a trimmed 2026 outlook, yet the company reaffirms solid margins and points to pipeline strength for faster ARR growth in 2027. Our models see the shares as undervalued. Will the platform shift and enterprise traction outweigh the near-term headwinds, or will deal conversion stay slow?
Price, fair value, quality and upside side by side.
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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.Software - Application · 721 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)65.0% · Top 25%
Return on assets7.1% · Above median
Net margin (12 months)18.5% · Top 25%
Operating margin (12 months)34.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−2.6% · Below median
Balance sheet
Debt / equity3.23× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)6.3× · Cheapest 25%
P/B5.65× · 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). "TeamViewer AG Fair Value". https://www.fairvalue-calculator.com/stock/TMV
Frequently asked questions
Is TeamViewer AG (TMV) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of €14.50 versus a price of €4.83, about +200% upside (undervalued).
What is the fair value of TMV?
Our model-based fair value for TeamViewer AG is €14.50 (as of Nov 11, 2026), built from audited fundamentals. The current price: €4.83.
What is the quality score of TMV?
TeamViewer AG has a Quality Score of 63/100. 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 TeamViewer AG (TMV)?
Our model-based price target is the fair value of €14.50 (as of Nov 11, 2026) from 22 valuation models. Cautious scenario €8.47, optimistic scenario €18.13. It is a calculation from audited fundamentals, not an analyst target.
What is the TeamViewer AG stock forecast for 2026?
Our models put fair value at €14.50, about +200% upside versus a price of €4.83 (undervalued). Cautious scenario €8.47, optimistic scenario €18.13. The calculation is refreshed regularly with new filings.
What is the revenue of TeamViewer AG (TMV)?
TeamViewer AG reported trailing-twelve-month revenue of about €743M (latest available figure, as of Nov 11, 2026).
What growth is priced into TeamViewer AG (TMV)?
For today's price to be fair in a discounted-cash-flow model, TeamViewer AG would have to grow free cash flow by -3.2 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.4 % per year. As of Nov 11, 2026.
What discount rate (WACC) does the fair value of TMV use?
Our models discount TeamViewer AG at 11.2 %: a base by market capitalisation (small), damped by beta 1.07, country premium for Germany. 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 TeamViewer AG that is -3.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has TeamViewer AG (TMV) delivered so far?
Over the past 5 years revenue at TeamViewer AG grew +10.4 % a year. The price currently implies free-cash-flow growth of -3.2 % 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 TeamViewer AG (TMV) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into TeamViewer AG (-3.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TeamViewer AG (TMV)?
The free-cash-flow yield on the price is 25.27 %: that much free cash flow TeamViewer AG produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TeamViewer AG (TMV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TeamViewer AG it is €14.50 per share (as of Nov 11, 2026), against a price of €4.83. It is the blended result of 22 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is TeamViewer AG stock overvalued or undervalued in 2026?
As of Nov 11, 2026, TMV trades below its calculated fair value: price €4.83, fair value €14.50, a gap of about +200% (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 TMV?
No. The price is what the market pays today (€4.83); the fair value is what the company's own numbers justify (€14.50). For TeamViewer AG the two are €9.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is TeamViewer AG worth?
The market values TeamViewer AG at about €843M (market capitalisation, as of Nov 11, 2026). Per share that is €4.83; our models calculate a fair value of €14.50 per share.
What do the bullish and bearish scenarios say about TMV?
Our models span a range for TeamViewer AG: cautious scenario €8.47, base €14.50, optimistic €18.13 per share (as of Nov 11, 2026, price €4.83). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TMV?
TeamViewer AG trades at a price-to-earnings ratio of 6.3 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €14.50 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 33.0. Other multiples: PEG 1.0, P/B 5.7, P/S 1.3, EV/EBITDA 5.3.
What is the PEG ratio of TMV?
The PEG ratio of TeamViewer AG is 1.00 (P/E divided by earnings growth, as of Nov 11, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TeamViewer AG (TMV)?
Balance-sheet figures for TeamViewer AG (as of Nov 11, 2026): return on equity 65.0%, debt of 3.23 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is TMV from its 52-week high?
TeamViewer AG trades at €4.83, about 37% below its 52-week high of €7.64 and 15% above the low of €4.20 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of €14.50 is for.
Which stocks are comparable to TeamViewer AG?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 TeamViewer AG stock attractive at the current price?
The data as of Nov 11, 2026: price €4.83, calculated fair value €14.50 (+200%), Quality Score 63/100, from 22 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 TMV calculated?
We run TeamViewer AG through 22 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €14.50 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 14.3% above its aggregate fair value. TeamViewer AG currently trades 67% 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 TeamViewer AG (TMV)?
The closing price on Nov 12, 2026 was €4.83. Our model-based fair value is €14.50, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TeamViewer AG right now?
The price is below even our cautious bear case (€8.47). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€8.47 to €18.13) leaves room in how you read the outcome.
Key figures of TeamViewer AG
How large is the market capitalisation of TeamViewer AG (TMV)?
The market capitalisation of TeamViewer AG is €843M. 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 TeamViewer AG (TMV)?
The price-to-sales ratio of TeamViewer AG is 1.25 (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 TeamViewer AG (TMV)?
Earnings per share at TeamViewer AG are €0.7700 (price ÷ EPS = P/E 6.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of TeamViewer AG (TMV)?
The net margin of TeamViewer AG is 18.5% (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 TeamViewer AG (TMV)?
The return on equity (ROE) of TeamViewer AG is 65.0% (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 TeamViewer AG (TMV)?
On an EBIT basis the return on assets of TeamViewer AG is 13.6% (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 TeamViewer AG (TMV)?
The operating margin of TeamViewer AG is 34.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TeamViewer AG (TMV)?
Revenue at TeamViewer AG is growing −2.6% versus a year earlier (3y avg +9.7%). 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 TeamViewer AG (TMV)?
Earnings per share at TeamViewer AG are growing +26.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TeamViewer AG (TMV) carry?
The net debt of TeamViewer AG is €901M (fiscal year 2025, ≈ 4.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 11, 2026