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Digitalist Group Oyj (DIGIGR) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Digitalist Group Oyj stock €2.22, price €1.70, upside +30.6%, quality 43 out of 100. Rating: undervalued. Calculated from audited financials with 5 of our 26 valuation models and 37 quality factors, updated daily.

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Technology FI · ISIN FI4000591698

DG Digitalist Group Oyj logo Thin data Nov 4, 2026

Digitalist Group Oyj

DIGIGR · HE
Speculative

The stock costs 23% less than our calculation considers fair.

Fair value €2.22 · Undervalued
Quality 43/100
Negative equity (buybacks among others)
Revenue last quarter 10% below a year ago.
Weak Growth (revenue 5y −4.2 %/yr in EUR)
Loss-making · -32.5% net margin (TTM)
Negative free cash flow
Trails peers (2/8)
Narrow moat 10/100 · thin data
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

€12.00 €1.24 Fair Value €2.22 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range €1.24 – €12.00 · fair‑value band €1.70 – €2.67 · the €1.70 price screens below the €2.22 fair value. As of Nov 4, 2026.

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Company profile

Digitalist Group Plc, a technology company, provides consultancy services related to digital solutions in Finland and Sweden.

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It offers design services, including digital and service design, design strategy, user research to visual interaction design, prototype design, and usability research services.

The company also provides brand and communication services that develops customers brands, marketing, and customer experiences; and digital service for open-source environments.

In addition, it offers software solutions for hardware, and embedded systems and software; LeanLab, which develops usability and user experience; and Open Cloud offers AI solutions and open source products as a service.

The company was formerly known as Ixonos plc and changed its name to Digitalist Group Plc in May 2017. Digitalist Group Plc was founded in 1994 and is headquartered in Helsinki, Finland.

Stock analysis

Digitalist Group Oyj (DIGIGR) currently trades at €1.70, while our model-based Fair Value estimate is €2.22, implying the stock looks roughly 23% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of €7.54 per share, and 5 of the 5 models we run sit above the €1.70 price.

Bear case: the Earnings-Based group reads lowest at €2.22, and 0 of the 5 models stay below the price. Data coverage for this calculation is low.

Scenario range: €1.70 (bear) to €2.67 (bull), the price of €1.70 sits inside 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 43/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Digitalist Group Oyj reported revenue of €16.5M in FY2025 versus €18.5M in FY2021, a compound −2.7%/yr. Reported net income was −€4.6M in FY2025.

Key figures

Market cap €4.6M Micro · P/S ratio 0.31 · EPS (TTM) €−1.83 · Net margin −32.5% · Return on assets (EBIT) −20.3% (5-year average) · Operating margin −10.3% · Revenue (TTM) €15.5M · Revenue growth (YoY) −9.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 62% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 31%, DIGIGR screens cheaper than that median.

Fair Value models

Bear €1.70 Fair Value €2.22 Bull €2.67
Price €1.70 · Upside +30.6%
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
EPV €1.70 €2.22 €2.67 74
ROIC Compounder €1.70 €2.22 €2.67 72
EV/EBITDA €6.20 €8.76 €11.31 67
All 5 models by family
Earnings-Based
EPV €1.70 €2.22 €2.67 74
Multiples
EV/EBIT €5.29 €7.54 €9.79 65
EV/EBITDA €6.20 €8.76 €11.31 67
EV/Revenue €1.95 €3.41 €4.87 52
Economic Profit
ROIC Compounder €1.70 €2.22 €2.67 72

Open the full fair value analysis →

Quality Score breakdown

Overall quality 43/100

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

Profitability 30
How much profit the company makes from its sales and capital
Quality Growth 58
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 6
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 42
How calm the share price moves, does not count
Price momentum 12
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 7
Distance to the 52-week high, does not count
New shares 96
Buys back shares or issues new ones?

Open the full quality analysis →

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. 6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.3%
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.
−3.8%
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.
−4.2%
Start year 2020 (pandemic). Over 10 years: −0.3% 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.
−7.9%
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.
−44.2% (2020) → 6.2% (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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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 · 628 stocks

Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 43 · Bottom 25%
Fair Value upside +30.6% · Above median
Profitability
Return on equity (12 months) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −44.6% · Bottom 25%
Net margin (12 months) −32.5% · Bottom 25%
Operating margin (12 months) −10.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −9.5% · Bottom 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months) 0.30× · Cheapest 25%
PEG 2.81× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)74 · sector 29
FUTURE (revenue growth)0 · sector 41
PAST (return on equity)0 · sector 20
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)0 · sector 29

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $239.30 $463.72 +94% vs DIGIGR
Salesforce, Inc CRM $213.65 $342.73 +60% vs DIGIGR
Uber Technologies, Inc UBER $68.59 $101.28 +48% vs DIGIGR
Intuit Inc INTU $341.50 $459.14 +34% vs DIGIGR
ServiceNow, Inc NOW $101.97 $112.17 +10% vs DIGIGR
SAP SE SAP €210.75 €173.59 −18% vs DIGIGR
Cadence Design Systems, Inc CDNS $319.92 $225.48 −30% vs DIGIGR
Automatic Data Processing, Inc ADP $303.35 $150.40 −50% vs DIGIGR
Shopify Inc SHOP $148.91 $64.96 −56% vs DIGIGR
Snowflake Inc SNOW $275.88 $73.81 −73% vs DIGIGR

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Digitalist Group Oyj: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Digitalist Group Oyj Fair Value". https://www.fairvalue-calculator.com/stock/DIGIGR

Frequently asked questions

Is Digitalist Group Oyj (DIGIGR) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €2.22 versus a price of €1.70, about +31% upside (undervalued).
What is the fair value of DIGIGR?
Our model-based fair value for Digitalist Group Oyj is €2.22 (as of Nov 4, 2026), built from audited fundamentals. The current price: €1.70.
What is the quality score of DIGIGR?
Digitalist Group Oyj has a Quality Score of 43/100. 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 Digitalist Group Oyj (DIGIGR)?
Our model-based price target is the fair value of €2.22 (as of Nov 4, 2026) from 5 valuation models. Cautious scenario €1.70, optimistic scenario €2.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Digitalist Group Oyj stock forecast for 2026?
Our models put fair value at €2.22, about +31% upside versus a price of €1.70 (undervalued). Cautious scenario €1.70, optimistic scenario €2.67. The calculation is refreshed regularly with new filings.
What is the revenue of Digitalist Group Oyj (DIGIGR)?
Digitalist Group Oyj reported trailing-twelve-month revenue of about €15.5M (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Digitalist Group Oyj (DIGIGR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Digitalist Group Oyj it is €2.22 per share (as of Nov 4, 2026), against a price of €1.70. It is the blended result of 5 valuation models in 3 families (Earnings-Based, Multiples, Economic Profit).
Is Digitalist Group Oyj stock overvalued or undervalued in 2026?
As of Nov 4, 2026, DIGIGR trades below its calculated fair value: price €1.70, fair value €2.22, a gap of about +31% (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 DIGIGR?
No. The price is what the market pays today (€1.70); the fair value is what the company's own numbers justify (€2.22). For Digitalist Group Oyj the two are €0.5200 per share apart. That gap is exactly why we show both numbers side by side.
How much is Digitalist Group Oyj worth?
The market values Digitalist Group Oyj at about €4.6M (market capitalisation, as of Nov 4, 2026). Per share that is €1.70; our models calculate a fair value of €2.22 per share.
What do the bullish and bearish scenarios say about DIGIGR?
Our models span a range for Digitalist Group Oyj: cautious scenario €1.70, base €2.22, optimistic €2.67 per share (as of Nov 4, 2026, price €1.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of DIGIGR?
The PEG ratio of Digitalist Group Oyj is 2.81 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Digitalist Group Oyj (DIGIGR)?
Balance-sheet figures for Digitalist Group Oyj (as of Nov 4, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is DIGIGR from its 52-week high?
Digitalist Group Oyj trades at €1.70, about 62% below its 52-week high of €4.47 and 38% above the low of €1.24 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €2.22 is for.
Which stocks are comparable to Digitalist Group Oyj?
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 Digitalist Group Oyj stock attractive at the current price?
The data as of Nov 4, 2026: price €1.70, calculated fair value €2.22 (+31%), Quality Score 43/100, from 5 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 DIGIGR calculated?
We run Digitalist Group Oyj through 5 models from 3 families: Earnings-Based, Multiples, Economic Profit. Every model gets the same audited fundamentals; the fair value of €2.22 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. Digitalist Group Oyj currently trades 23% 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 Digitalist Group Oyj (DIGIGR)?
The closing price on Nov 6, 2026 was €1.70. Our model-based fair value is €2.22, about +31% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Digitalist Group Oyj right now?
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. 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 Digitalist Group Oyj

How large is the market capitalisation of Digitalist Group Oyj (DIGIGR)?
The market capitalisation of Digitalist Group Oyj is €4.6M. 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 Digitalist Group Oyj (DIGIGR)?
The price-to-sales ratio of Digitalist Group Oyj is 0.31 (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 Digitalist Group Oyj (DIGIGR)?
Earnings per share at Digitalist Group Oyj are €−1.83. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Digitalist Group Oyj (DIGIGR)?
The net margin of Digitalist Group Oyj is −32.5% (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 EBIT return on assets of Digitalist Group Oyj (DIGIGR)?
On an EBIT basis the return on assets of Digitalist Group Oyj is −20.3% (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 Digitalist Group Oyj (DIGIGR)?
The operating margin of Digitalist Group Oyj is −10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Digitalist Group Oyj (DIGIGR)?
Revenue at Digitalist Group Oyj is growing −9.5% versus a year earlier (3y avg −3.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Digitalist Group Oyj (DIGIGR) generate?
The free cash flow of Digitalist Group Oyj is −€2.1M (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 Digitalist Group Oyj (DIGIGR) carry?
The net debt of Digitalist Group Oyj is €43.4M (fiscal year 2025). 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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