Digital Bros (DIB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Digital Bros stock €17.45, price €9.98, upside +74.8%, quality 68 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 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 6, 2026.
How to read this chart
60‑month range €7.94 – €45.58 · fair‑value band €12.32 – €25.20 · the €9.98 price screens below the €17.45 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 6, 2026.
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Digital Bros S.p.A., together with its subsidiaries, engages in the development, publishing, distribution, and marketing of video games in Europe, the Americas, and internationally. It operates through Premium Games, Free to Play, Italian Distribution, and Other Activities segments.
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The Premium Games segment acquires and distributes video games through an international retail sales network and digital marketplaces, such as Steam, Sony PlayStation Network, Microsoft Xbox Live, and Epic Game Store, and others.; and publishes video games under the 505 Games and Hook brands.
The Free to Play segment develops and publishes video games and/or applications that are available for free on digital marketplaces under the 505 Mobile and 505Go! Brands. The Italian Distribution segment purchases and distributes video games and collectible cards.
Digital Bros S.p.A. is based in Milan, Italy.
Stock analysis
Digital Bros (DIB) currently trades at €9.98, while our model-based Fair Value estimate is €17.45, implying the stock looks roughly 43% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €25.42 per share, and 12 of the 13 models we run sit above the €9.98 price.
Bear case: the Earnings-Based group reads lowest at €11.59, and 1 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €12.32 (bear) to €25.20 (bull), the price of €9.98 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 68/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Digital Bros reported revenue of €108M in FY2026 versus €132M in FY2022, a compound −4.8%/yr. Reported net income was −€6.5M in FY2026.
Key figures
Market cap €141M Micro · P/E ex one-offs 11.7 · P/S ratio 1.37 · EPS (TTM) €−0.4500 · Net margin −6.0% · Return on equity −5.9% · Return on assets (EBIT) 6.7% (5-year average) · Operating margin 25.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 50% fair-value upside, at 75%, DIB screens cheaper than that median.
Fair Value models
Bear€12.32Fair Value €17.45Bull€25.20
Price €9.98 · Upside +74.8%
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.29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+15.8%
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.
−2.8%
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.
−6.2%
Start year 2021 (pandemic). Over 10 years: +0.1% 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.
−24.1%
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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.
20.5% (2021) → 22.1% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
−0.6%
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 −2.7% 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.Electronic Gaming & Multimedia · 164 stocks
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). "Digital Bros Fair Value". https://www.fairvalue-calculator.com/stock/DIB
Frequently asked questions
Is Digital Bros (DIB) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €17.45 versus a price of €9.98, about +75% upside (undervalued).
What is the fair value of DIB?
Our model-based fair value for Digital Bros is €17.45 (as of Nov 6, 2026), built from audited fundamentals. The current price: €9.98.
What is the quality score of DIB?
Digital Bros has a Quality Score of 68/100. 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 Digital Bros (DIB)?
Our model-based price target is the fair value of €17.45 (as of Nov 6, 2026) from 13 valuation models. Cautious scenario €12.32, optimistic scenario €25.20. It is a calculation from audited fundamentals, not an analyst target.
What is the Digital Bros stock forecast for 2026?
Our models put fair value at €17.45, about +75% upside versus a price of €9.98 (undervalued). Cautious scenario €12.32, optimistic scenario €25.20. The calculation is refreshed regularly with new filings.
What is the revenue of Digital Bros (DIB)?
Digital Bros reported trailing-twelve-month revenue of about €108M (latest available figure, as of Nov 6, 2026).
What growth is priced into Digital Bros (DIB)?
For today's price to be fair in a discounted-cash-flow model, Digital Bros would have to grow free cash flow by -0.6 % per year for five years (discount rate 13.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -6.2 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of DIB use?
Our models discount Digital Bros at 13.7 %: a base by market capitalisation (micro), damped by beta 0.67, country premium for Italy. 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 Digital Bros that is -0.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.7 %) and the same formula as our fair value.
How much growth has Digital Bros (DIB) delivered so far?
Over the past 5 years revenue at Digital Bros grew -6.2 % a year. The price currently implies free-cash-flow growth of -0.6 % 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 Digital Bros (DIB) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Digital Bros (-0.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Digital Bros (DIB)?
The free-cash-flow yield on the price is 13.07 %: that much free cash flow Digital Bros produces per unit of market value. When it exceeds the discount rate of our models (13.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Digital Bros (DIB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Digital Bros it is €17.45 per share (as of Nov 6, 2026), against a price of €9.98. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Digital Bros stock overvalued or undervalued in 2026?
As of Nov 6, 2026, DIB trades below its calculated fair value: price €9.98, fair value €17.45, a gap of about +75% (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 DIB?
No. The price is what the market pays today (€9.98); the fair value is what the company's own numbers justify (€17.45). For Digital Bros the two are €7.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Digital Bros worth?
The market values Digital Bros at about €141M (market capitalisation, as of Nov 6, 2026). Per share that is €9.98; our models calculate a fair value of €17.45 per share.
What do the bullish and bearish scenarios say about DIB?
Our models span a range for Digital Bros: cautious scenario €12.32, base €17.45, optimistic €25.20 per share (as of Nov 6, 2026, price €9.98). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Digital Bros (DIB)?
Balance-sheet figures for Digital Bros (as of Nov 6, 2026): return on equity −5.9%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is DIB from its 52-week high?
Digital Bros trades at €9.98, about 30% below its 52-week high of €14.26 and 7% above the low of €9.32 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €17.45 is for.
Which stocks are comparable to Digital Bros?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, 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 Digital Bros stock attractive at the current price?
The data as of Nov 6, 2026: price €9.98, calculated fair value €17.45 (+75%), Quality Score 68/100, from 13 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 DIB calculated?
We run Digital Bros through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of €17.45 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. Digital Bros currently trades 43% 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 Digital Bros (DIB)?
The closing price on Nov 6, 2026 was €9.98. Our model-based fair value is €17.45, about +75% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Digital Bros right now?
The price is below even our cautious bear case (€12.32). The market is more pessimistic than our downside scenario. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€12.32 to €25.20) leaves room in how you read the outcome.
Key figures of Digital Bros
How large is the market capitalisation of Digital Bros (DIB)?
The market capitalisation of Digital Bros is €141M. 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/E ratio of Digital Bros (DIB) excluding one-off items?
Excluding one-off items, the price-to-earnings ratio of Digital Bros is 11.7 (fiscal year 2026, the reported result was a loss, median at FY-end 14.4 (7 FY)).
What is the P/S ratio of Digital Bros (DIB)?
The price-to-sales ratio of Digital Bros is 1.37 (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 Digital Bros (DIB)?
Earnings per share at Digital Bros are €−0.4500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Digital Bros (DIB)?
The net margin of Digital Bros is −6.0% (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 Digital Bros (DIB)?
The return on equity (ROE) of Digital Bros is −5.9% (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 Digital Bros (DIB)?
On an EBIT basis the return on assets of Digital Bros is 6.7% (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 Digital Bros (DIB)?
The operating margin of Digital Bros is 25.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Digital Bros (DIB)?
Revenue at Digital Bros is growing −29.6% versus a year earlier (3y avg −2.8%). 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 Digital Bros (DIB)?
Earnings per share at Digital Bros are growing +80.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Digital Bros (DIB) carry?
The net debt of Digital Bros is €18.0M (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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Nov 6, 2026