All For One Steeb AG (A1OS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of All For One Steeb AG stock €50.82, price €78.40, that is 35.2% below the price, quality 65 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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 8, 2026.
How to read this chart
60‑month range €29.60 – €81.00 · fair‑value band €37.89 – €63.53 · the €78.40 price screens above the €50.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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All for One Group SE, together with its subsidiaries, engages in the SAP transformations and cloud business in Germany, Austria, Switzerland, Poland, Luxembourg, and internationally.
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The company operates in two segments, CORE and LOB. It offers enterprise resource planning and collaboration software solutions based on SAP, Microsoft, and IBM, as well as consulting and infrastructure services.
The company also sells software licenses; and provides IT services, including cloud contracts, outsourcing and managed services, software maintenance agreements, software implementation and optimization projects, management and technology consulting, and training.
It serves mechanical and plant engineering, automotive, life sciences, electrical, plastics processing, metal processing, wholesale, and professional services industries. The company was founded in 1959 and is based in Filderstadt, Germany.
Stock analysis
All For One Steeb AG (A1OS) currently trades at €78.40, while our model-based Fair Value estimate is €50.82, 35% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €112.13 per share, and 11 of the 26 models we run sit above the €78.40 price.
Bear case: the Economic Profit group reads lowest at €23.36, and 15 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: €37.89 (bear) to €63.53 (bull), the price of €78.40 sits above 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 65/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
All For One Steeb AG reported revenue of €504M in FY2025 versus €373M in FY2021, a compound +7.8%/yr. Reported net income was €11.2M in FY2025, compounding −4.2%/yr from FY2021.
Key figures
Market cap €362M Small · P/S ratio 0.74 · EPS (TTM) €−1.96 · Dividend yield 1.5% · Net margin −1.8% · Return on equity −9.3% · Return on assets (EBIT) 8.2% (5-year average) · Operating margin −14.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 165% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −35%, A1OS screens richer than that median.
Fair Value models
Bear€37.89Fair Value €50.82Bull€63.53
Price €78.40 · Downside -35.2%
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.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.63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.5%
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.
+3.6%
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.
+7.2%
Start year 2020 (pandemic). Over 10 years: +7.6% a year
Revenue growth 25 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.
+10.6%
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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.
−0.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.9%
Dividend (yield on the price)1.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1.9% vs 0.1%, steady
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.6% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−1.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −3.8% a year for the price.
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.Information Technology Services · 479 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−35.2% · Below median
Profitability
Return on assets3.4% · Below median
Net margin (12 months)−1.8% · Bottom 25%
Operating margin (12 months)−14.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)5.2% · Below median
Dividend yield (12 months)1.5% · Below median
Balance sheet
Debt / equity0.60× · Highest 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/B3.32× · Pricier than median
P/S (12 months)0.72× · Cheaper than median
Price / free cash flow (fiscal year)10.1× · Cheaper than median
PEG0.56× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 41
FUTURE (revenue growth)26· sector 32
PAST (return on equity)0· sector 36
HEALTH (low debt)70· sector 98
DIVIDEND (yield)31· sector 40
VALUE 0: the price sits above our fair-value range.
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). "All For One Steeb AG Fair Value". https://www.fairvalue-calculator.com/stock/A1OS
Frequently asked questions
Is All For One Steeb AG (A1OS) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €50.82 versus a price of €78.40, about 35% lower (overvalued).
What is the fair value of A1OS?
Our model-based fair value for All For One Steeb AG is €50.82 (as of Nov 8, 2026), built from audited fundamentals. The current price: €78.40.
What is the quality score of A1OS?
All For One Steeb AG has a Quality Score of 65/100. 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 All For One Steeb AG (A1OS)?
Our model-based price target is the fair value of €50.82 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario €37.89, optimistic scenario €63.53. It is a calculation from audited fundamentals, not an analyst target.
What is the All For One Steeb AG stock forecast for 2026?
Our models put fair value at €50.82, about 35% lower versus a price of €78.40 (overvalued). Cautious scenario €37.89, optimistic scenario €63.53. The calculation is refreshed regularly with new filings.
What is the revenue of All For One Steeb AG (A1OS)?
All For One Steeb AG reported trailing-twelve-month revenue of about €503M (latest available figure, as of Nov 8, 2026).
Does All For One Steeb AG pay a dividend?
All For One Steeb AG currently shows a dividend yield of 1.53% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of All For One Steeb AG (A1OS) and when is the ex-dividend date?
All For One Steeb AG pays a dividend of €1.20 per share a year, a dividend yield of 1.5%. The last ex-dividend date was Mar 18, 2026. A dividend has been paid every year since 2011. The payout ratio is 49.6% of earnings. Free cash flow covers the dividend 6.42 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 All For One Steeb AG (A1OS)?
For today's price to be fair in a discounted-cash-flow model, All For One Steeb AG would have to grow free cash flow by -1.7 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of A1OS use?
Our models discount All For One Steeb AG at 10.2 %: a base by market capitalisation (small), damped by beta 0.70, 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 All For One Steeb AG that is -1.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has All For One Steeb AG (A1OS) delivered so far?
Over the past 5 years revenue at All For One Steeb AG grew +7.2 % a year. The price currently implies free-cash-flow growth of -1.7 % 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 All For One Steeb AG (A1OS) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into All For One Steeb AG (-1.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of All For One Steeb AG (A1OS)?
The free-cash-flow yield on the price is 9.86 %: that much free cash flow All For One Steeb AG produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of All For One Steeb AG (A1OS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For All For One Steeb AG it is €50.82 per share (as of Nov 8, 2026), against a price of €78.40. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is All For One Steeb AG stock overvalued or undervalued in 2026?
As of Nov 8, 2026, A1OS trades above its calculated fair value: price €78.40, fair value €50.82, a gap of about −35% (overvalued). 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 A1OS?
No. The price is what the market pays today (€78.40); the fair value is what the company's own numbers justify (€50.82). For All For One Steeb AG the two are €27.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is All For One Steeb AG worth?
The market values All For One Steeb AG at about €362M (market capitalisation, as of Nov 8, 2026). Per share that is €78.40; our models calculate a fair value of €50.82 per share.
What do the bullish and bearish scenarios say about A1OS?
Our models span a range for All For One Steeb AG: cautious scenario €37.89, base €50.82, optimistic €63.53 per share (as of Nov 8, 2026, price €78.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of A1OS?
The PEG ratio of All For One Steeb AG is 0.56 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of All For One Steeb AG (A1OS)?
Balance-sheet figures for All For One Steeb AG (as of Nov 8, 2026): return on equity −9.3%, debt of 0.60 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is A1OS from its 52-week high?
All For One Steeb AG trades at €78.40, about 3% below its 52-week high of €81.00 and 165% above the low of €29.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €50.82 is for.
Which stocks are comparable to All For One Steeb AG?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 All For One Steeb AG stock attractive at the current price?
The data as of Nov 8, 2026: price €78.40, calculated fair value €50.82 (−35%), Quality Score 65/100, from 26 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 A1OS calculated?
We run All For One Steeb AG through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €50.82 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. All For One Steeb AG itself currently trades above fair value. 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 All For One Steeb AG (A1OS)?
The closing price on Nov 6, 2026 was €78.40. Our model-based fair value is €50.82, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with All For One Steeb AG right now?
The price sits above even our optimistic bull case (€63.53). The favourable scenario is already priced in. 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 but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of All For One Steeb AG (A1OS) come from?
Earnings per share at All For One Steeb AG grew +2.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.6 %, EBIT margin −7.7 %, tax rate −0.1 %, residual (interest, one-offs) +2.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of All For One Steeb AG
How large is the market capitalisation of All For One Steeb AG (A1OS)?
The market capitalisation of All For One Steeb AG is €362M. 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 All For One Steeb AG (A1OS)?
The price-to-sales ratio of All For One Steeb AG is 0.74 (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 All For One Steeb AG (A1OS)?
Earnings per share at All For One Steeb AG are €−1.96. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of All For One Steeb AG (A1OS)?
The dividend yield of All For One Steeb AG is 1.5%. 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 All For One Steeb AG (A1OS)?
The net margin of All For One Steeb AG is −1.8% (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 All For One Steeb AG (A1OS)?
The return on equity (ROE) of All For One Steeb AG is −9.3% (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 All For One Steeb AG (A1OS)?
On an EBIT basis the return on assets of All For One Steeb AG is 8.2% (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 All For One Steeb AG (A1OS)?
The operating margin of All For One Steeb AG is −14.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at All For One Steeb AG (A1OS)?
Revenue at All For One Steeb AG is growing +5.2% versus a year earlier (3y avg +3.6%). 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 All For One Steeb AG (A1OS)?
Earnings per share at All For One Steeb AG are growing −55.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does All For One Steeb AG (A1OS) carry?
The net debt of All For One Steeb AG is €43.0M (fiscal year 2025, ≈ 1.2 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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Thin data
Nov 8, 2026