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Data-driven stock valuation

Class Editori S.p.A. (CLE) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Class Editori S.p.A. stock €0.35, price €0.12, upside +200.0%, quality 48 out of 100. Rating: strongly undervalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.

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Communication Services IT · ISIN IT0005117848

CE Class Editori S.p.A. logo Thin data Nov 5, 2026

Class Editori S.p.A.

CLE · MI
Cheap, value-trap risk

The stock costs 67% less than our calculation considers fair.

Fair value €0.3480 · Strongly undervalued
Generates free cash flow
Even on cautious assumptions the value is 163% above the price (€0.3056).
Quality 48/100
Mixed Growth (revenue 5y +4.0 %/yr in EUR)
Loss-making · -5.8% net margin (TTM)
High debt
Trails peers (3/11)
Narrow moat 15/100 · thin data
Thin data
⚠ Small free float
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€0.1950 €0.0544 Fair Value €0.3480 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range €0.0544 – €0.1950 · fair‑value band €0.3056 – €0.4499 · the €0.1160 price screens below the €0.3480 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 5, 2026.

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Company profile

Class Editori Spa engages in publishing business in Italy. It publishes newspapers, which offer news, features, and information of interest to economists, lawyers, bankers, and other professionals; and various magazines for business professionals and consumers.

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The company also operates TV channels, such as Class CNBC, Gambero Rosso, Class TV Moda, and Class life; and TV networks, including Telesia Airport, Telesia Metro, Telesia Bus, and Telesia Train.

In addition, it provides radio services comprising classical music, opera, and jazz with news regarding business and finance, as well as updates from main markets.

Further, the company is involved in the electronic publishing activities, which supply data, information, and financial news through various multimedia platforms, including cable, Intranet, Internet, TV, and instore/radio.

Additionally, it provides internet applications like Milano Finanza, and MF Fashion. for smartphones and tablets; digital media activities through websites, such as milanofinanza.it, gamberorosso.it, assinews.it, gfmag.com, and mffashion.it; online trading services through MF Trading2; financial information and reporting through MF Plus, and analysis services through MF Centrale Risk; real time economic financial press agency services through MF Dow Jones News; and event, training, and conference services.

The company was founded in 1986 and is headquartered in Milan, Italy. Class Editori Spa is a subsidiary of Euroclass Multimedia Holding SA.

Stock analysis

Class Editori S.p.A. (CLE) currently trades at €0.1160, while our model-based Fair Value estimate is €0.3480, implying the stock looks roughly 67% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of €0.4700 per share, and 8 of the 8 models we run sit above the €0.1160 price.

Bear case: the Multiples group reads lowest at €0.2200, and 0 of the 8 models stay below the price. Data coverage for this calculation is low.

Scenario range: €0.3056 (bear) to €0.4499 (bull), the price of €0.1160 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 48/100 (below-average quality), in the Communication Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Class Editori S.p.A. reported revenue of €78.8M in FY2025 versus €70.4M in FY2021, a compound +2.9%/yr. Reported net income was −€5.3M in FY2025.

Key figures

Market cap €37.4M Micro · P/S ratio 0.48 · EPS (TTM) €−0.0100 · Net margin −5.8% · Return on equity −23.9% · Return on assets (EBIT) −2.2% (5-year average) · Operating margin 2.8% · Revenue (TTM) €79.7M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).

What moves the price

The share trades about 24% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at −6% fair-value upside, at 200%, CLE screens cheaper than that median.

Fair Value models

Bear €0.3056 Fair Value €0.3480 Bull €0.4499
Price €0.1160 · 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. 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.
Best data coverage
FCF DCF €0.5200 €0.6700 €0.9200 81
Growth DCF €0.5300 €0.6700 €0.8900 80
5Y EBITDA Exit €0.3200 €0.4100 €0.5300 77
All 8 models by family
DCF Models
FCF DCF €0.5200 €0.6700 €0.9200 81
5Y Revenue Exit €0.2300 €0.2500 €0.2900 74
5Y EBITDA Exit €0.3200 €0.4100 €0.5300 77
10Y Revenue Exit €0.3600 €0.3900 €0.4100 68
10Y EBITDA Exit €0.4000 €0.4700 €0.5400 70
Multiples
EV/EBITDA €0.1500 €0.2200 €0.2900 66
Growth DCF
Growth DCF €0.5300 €0.6700 €0.8900 80
Rev-Margin DCF €0.2300 €0.2700 €0.3200 74

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Quality Score breakdown

Overall quality 48/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 24
How much profit the company makes from its sales and capital
Quality Growth 47
Are margins and returns getting better?
Cashflow 93
Do the profits arrive as real cash?
Financial strength 2
Debt, balance sheet and risk of trouble
Investment 93
Does it invest with discipline instead of growing at any price?
Low Volatility 62
How calm the share price moves, does not count
Price momentum 16
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 18
Distance to the 52-week high, does not count
New shares 54
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.3%
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.
+0.2%
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.
+4.0%
Start year 2020 (pandemic). Over 10 years: +0.1% a year
Revenue growth 21 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.
+2.9%
Profit margin (trend) ⓘ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.
−17.6% (2020) → 1.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Compare Class Editori S.p.A. with another stock

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.Publishing · 107 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 48 · Bottom 25%
Fair Value upside +200.0% · Top 25%
Profitability
Return on assets −3.4% · Bottom 25%
Net margin (12 months) −5.8% · Bottom 25%
Operating margin (12 months) 2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY) −1.6% · Below median
Balance sheet
Debt / equity 3.61× · Highest 25%

Valuation Multiplesvs Publishing median · lower = cheaper

P/B 10.65× · 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.
P/S (12 months) 0.47× · Cheapest 25%
Price / free cash flow (fiscal year) 1.7× · Cheapest 25%
EV/EBITDA 15.5× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 46
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)0 · sector 24
HEALTH (low debt)0 · sector 99
DIVIDEND (yield)0 · sector 60

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Class Editori S.p.A.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Class Editori S.p.A. Fair Value". https://www.fairvalue-calculator.com/stock/CLE

Frequently asked questions

Is Class Editori S.p.A. (CLE) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €0.3480 versus a price of €0.1160, about +200% upside (undervalued).
What is the fair value of CLE?
Our model-based fair value for Class Editori S.p.A. is €0.3480 (as of Nov 5, 2026), built from audited fundamentals. The current price: €0.1160.
What is the quality score of CLE?
Class Editori S.p.A. has a Quality Score of 48/100. 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 Class Editori S.p.A. (CLE)?
Our model-based price target is the fair value of €0.3480 (as of Nov 5, 2026) from 8 valuation models. Cautious scenario €0.3056, optimistic scenario €0.4499. It is a calculation from audited fundamentals, not an analyst target.
What is the Class Editori S.p.A. stock forecast for 2026?
Our models put fair value at €0.3480, about +200% upside versus a price of €0.1160 (undervalued). Cautious scenario €0.3056, optimistic scenario €0.4499. The calculation is refreshed regularly with new filings.
What is the revenue of Class Editori S.p.A. (CLE)?
Class Editori S.p.A. reported trailing-twelve-month revenue of about €79.7M (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of Class Editori S.p.A. (CLE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Class Editori S.p.A. it is €0.3480 per share (as of Nov 5, 2026), against a price of €0.1160. It is the blended result of 8 valuation models in 3 families (DCF Models, Multiples, Growth DCF).
Is Class Editori S.p.A. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, CLE trades below its calculated fair value: price €0.1160, fair value €0.3480, 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 CLE?
No. The price is what the market pays today (€0.1160); the fair value is what the company's own numbers justify (€0.3480). For Class Editori S.p.A. the two are €0.2320 per share apart. That gap is exactly why we show both numbers side by side.
How much is Class Editori S.p.A. worth?
The market values Class Editori S.p.A. at about €37.4M (market capitalisation, as of Nov 5, 2026). Per share that is €0.1160; our models calculate a fair value of €0.3480 per share.
What do the bullish and bearish scenarios say about CLE?
Our models span a range for Class Editori S.p.A.: cautious scenario €0.3056, base €0.3480, optimistic €0.4499 per share (as of Nov 5, 2026, price €0.1160). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Class Editori S.p.A. (CLE)?
Balance-sheet figures for Class Editori S.p.A. (as of Nov 5, 2026): return on equity −23.9%, debt of 3.61 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is CLE from its 52-week high?
Class Editori S.p.A. trades at €0.1160, about 24% below its 52-week high of €0.1530 and 12% above the low of €0.1035 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of €0.3480 is for.
Which stocks are comparable to Class Editori S.p.A.?
From the same area (Communication Services) we also value The New York Times Company, Xinhua Winshare Publishing and Media Co, Jiangsu Phoenix Publishing & Media Corporation, China Science Publishing & Media Ltd, 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 Class Editori S.p.A. stock attractive at the current price?
The data as of Nov 5, 2026: price €0.1160, calculated fair value €0.3480 (+200%), Quality Score 48/100, from 8 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 CLE calculated?
We run Class Editori S.p.A. through 8 models from 3 families: DCF Models, Multiples, Growth DCF. Every model gets the same audited fundamentals; the fair value of €0.3480 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 15.1% above its aggregate fair value. Class Editori S.p.A. 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 Class Editori S.p.A. (CLE)?
The closing price on Nov 10, 2026 was €0.1160. Our model-based fair value is €0.3480, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Class Editori S.p.A. right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€0.3056). 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.

Key figures of Class Editori S.p.A.

How large is the market capitalisation of Class Editori S.p.A. (CLE)?
The market capitalisation of Class Editori S.p.A. is €37.4M. 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 Class Editori S.p.A. (CLE)?
The price-to-sales ratio of Class Editori S.p.A. is 0.48 (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 Class Editori S.p.A. (CLE)?
Earnings per share at Class Editori S.p.A. are €−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Class Editori S.p.A. (CLE)?
The net margin of Class Editori S.p.A. is −5.8% (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 Class Editori S.p.A. (CLE)?
The return on equity (ROE) of Class Editori S.p.A. is −23.9% (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 Class Editori S.p.A. (CLE)?
On an EBIT basis the return on assets of Class Editori S.p.A. is −2.2% (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 Class Editori S.p.A. (CLE)?
The operating margin of Class Editori S.p.A. is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Class Editori S.p.A. (CLE)?
Revenue at Class Editori S.p.A. is growing −1.6% versus a year earlier (3y avg +0.2%). 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 Class Editori S.p.A. (CLE)?
Earnings per share at Class Editori S.p.A. are growing +87.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Class Editori S.p.A. (CLE) generate?
The free cash flow of Class Editori S.p.A. is €21.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Class Editori S.p.A. (CLE) carry?
The net debt of Class Editori S.p.A. is €21.1M (fiscal year 2025, ≈ 1.0 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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