Macquarie Technology Group Ltd (MAQ) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Macquarie Technology Group Ltd stock A$18.36, price A$49.86, that is 63.2% below the price, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 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 7, 2026.
How to read this chart
60‑month range A$43.93 – A$98.01 · fair‑value band A$15.70 – A$23.35 · the A$49.86 price screens above the A$18.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Macquarie Technology Group Limited provides telecommunication, cloud computing, cybersecurity, and data center services to corporate and government customers in Australia.
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The company offers voice services, such as teams calling, unified communications, and video and Web conferencing services, as well as Hello, a cloud-based hosted voice system; SASE that delivers up-to date attack protection in real time; SD-WAN, Azure, enterprise ethernet, SD-LAN, fleet management tools, and network agnostics and local support services; public, hybrid, and private cloud services; and managed, disaster recovery, data backup, cyber security, and colocation services.
It also provides managed, disaster recovery, data backup, cyber security colocation, connectivity, and engineering services. The company was formerly known as Macquarie Telecom Group Limited and changed its name to Macquarie Technology Group Limited in May 2023.
Macquarie Technology Group Limited was incorporated in 1992 and is headquartered in Sydney, Australia.
Stock analysis
Macquarie Technology Group Ltd (MAQ) currently trades at A$49.86, while our model-based Fair Value estimate is A$18.36, 63% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of A$31.51 per share, and 2 of the 15 models we run sit above the A$49.86 price.
Bear case: the Earnings-Based group reads lowest at A$13.97, and 13 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: A$15.70 (bear) to A$23.35 (bull), the price of A$49.86 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 39/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Macquarie Technology Group Ltd reported revenue of A$390M in FY2026 versus A$309M in FY2022, a compound +6.0%/yr. Reported net income was A$32.1M in FY2026, compounding +39.6%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap A$1.3B (≈ $883M) Small · P/E ratio 40.2 · P/S ratio 3.30 · EPS (TTM) A$1.24 · Dividend yield 0.1% · Net margin 8.2% · Return on equity 5.8% · Return on assets (EBIT) 6.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 28% fair-value upside, at −63%, MAQ screens richer than that median.
Fair Value models
BearA$15.70Fair Value A$18.36BullA$23.35
Price A$49.86 · Downside -63.2%
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. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (A$0.4450 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.26/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.5%
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.
+4.2%
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.
+6.5%
Start year 2021 (pandemic). Over 10 years: +6.7% a year
Revenue growth 29 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.
+7.3%
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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.
+16.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.5%
Dividend (yield on the price)0.1%
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.16.5% vs 10.5%, picking up
Profit margin 2021 to 2026 ⓘ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.7% → 15%
Compare Macquarie Technology Group Ltd 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.Information Technology Services · 479 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−63.2% · Bottom 25%
Profitability
Return on equity (12 months)5.8% · Below median
Return on assets3.5% · Below median
Net margin (12 months)8.2% · Above median
Operating margin (12 months)14.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.7% · Below median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (12 months)40.2× · Priciest 25%
P/B2.07× · Cheaper than median
P/S (12 months)3.30× · Priciest 25%
EV/EBITDA13.7× · Pricier than median
PEG0.75× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 41
FUTURE (revenue growth)29· sector 31
PAST (return on equity)23· sector 36
HEALTH (low debt)93· sector 98
DIVIDEND (yield)1· 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). "Macquarie Technology Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MAQ
Frequently asked questions
Is Macquarie Technology Group Ltd (MAQ) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of A$18.36 versus a price of A$49.86, about 63% lower (overvalued).
What is the fair value of MAQ?
Our model-based fair value for Macquarie Technology Group Ltd is A$18.36 (as of Nov 7, 2026), built from audited fundamentals. The current price: A$49.86.
What is the quality score of MAQ?
Macquarie Technology Group Ltd has a Quality Score of 39/100. 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 Macquarie Technology Group Ltd (MAQ)?
Our model-based price target is the fair value of A$18.36 (as of Nov 7, 2026) from 15 valuation models. Cautious scenario A$15.70, optimistic scenario A$23.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Macquarie Technology Group Ltd stock forecast for 2026?
Our models put fair value at A$18.36, about 63% lower versus a price of A$49.86 (overvalued). Cautious scenario A$15.70, optimistic scenario A$23.35. The calculation is refreshed regularly with new filings.
What is the revenue of Macquarie Technology Group Ltd (MAQ)?
Macquarie Technology Group Ltd reported trailing-twelve-month revenue of about A$390M (latest available figure, as of Nov 7, 2026).
Does Macquarie Technology Group Ltd pay a dividend?
Macquarie Technology Group Ltd currently shows a dividend yield of 0.06% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Macquarie Technology Group Ltd (MAQ)?
Macquarie Technology Group Ltd has a dividend yield of 0.1%.
What is the intrinsic value of Macquarie Technology Group Ltd (MAQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Macquarie Technology Group Ltd it is A$18.36 per share (as of Nov 7, 2026), against a price of A$49.86. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Macquarie Technology Group Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MAQ trades above its calculated fair value: price A$49.86, fair value A$18.36, a gap of about −63% (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 MAQ?
No. The price is what the market pays today (A$49.86); the fair value is what the company's own numbers justify (A$18.36). For Macquarie Technology Group Ltd the two are A$31.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Macquarie Technology Group Ltd worth?
The market values Macquarie Technology Group Ltd at about A$1.3B (market capitalisation, as of Nov 7, 2026). Per share that is A$49.86; our models calculate a fair value of A$18.36 per share.
What do the bullish and bearish scenarios say about MAQ?
Our models span a range for Macquarie Technology Group Ltd: cautious scenario A$15.70, base A$18.36, optimistic A$23.35 per share (as of Nov 7, 2026, price A$49.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAQ?
Macquarie Technology Group Ltd trades at a price-to-earnings ratio of 40.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$18.36 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 63.1. Other multiples: PEG 0.7, P/B 2.1, P/S 3.3, EV/EBITDA 13.7.
What is the PEG ratio of MAQ?
The PEG ratio of Macquarie Technology Group Ltd is 0.75 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Macquarie Technology Group Ltd (MAQ)?
Balance-sheet figures for Macquarie Technology Group Ltd (as of Nov 7, 2026): return on equity 5.8%, debt of 0.15 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is MAQ from its 52-week high?
Macquarie Technology Group Ltd trades at A$49.86, about 36% below its 52-week high of A$78.30 and 13% above the low of A$43.93 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of A$18.36 is for.
Which stocks are comparable to Macquarie Technology Group Ltd?
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 Macquarie Technology Group Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price A$49.86, calculated fair value A$18.36 (−63%), Quality Score 39/100, from 15 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 MAQ calculated?
We run Macquarie Technology Group Ltd through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of A$18.36 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 13.0% above its aggregate fair value. Macquarie Technology Group Ltd 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 Macquarie Technology Group Ltd (MAQ)?
The closing price on Nov 6, 2026 was A$49.86. Our model-based fair value is A$18.36, about 63% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Macquarie Technology Group Ltd right now?
The price sits above even our optimistic bull case (A$23.35). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Macquarie Technology Group Ltd (MAQ) come from?
Earnings per share at Macquarie Technology Group Ltd grew +13.2 % a year from 2016 to 2026. Broken into its drivers: revenue per share +4.7 %, EBIT margin +10.9 %, tax rate +0.1 %, residual (interest, one-offs) −2.6 %. 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 Macquarie Technology Group Ltd
How large is the market capitalisation of Macquarie Technology Group Ltd (MAQ)?
The market capitalisation of Macquarie Technology Group Ltd is A$1.3B (≈ $883M). 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 Macquarie Technology Group Ltd (MAQ)?
The price-to-sales ratio of Macquarie Technology Group Ltd is 3.30 (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 Macquarie Technology Group Ltd (MAQ)?
Earnings per share at Macquarie Technology Group Ltd are A$1.24 (price ÷ EPS = P/E 40.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Macquarie Technology Group Ltd (MAQ)?
The dividend yield of Macquarie Technology Group Ltd is 0.1% (payout 2.2%). 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 Macquarie Technology Group Ltd (MAQ)?
The net margin of Macquarie Technology Group Ltd is 8.2% (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 Macquarie Technology Group Ltd (MAQ)?
The return on equity (ROE) of Macquarie Technology Group Ltd is 5.8% (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 Macquarie Technology Group Ltd (MAQ)?
On an EBIT basis the return on assets of Macquarie Technology Group Ltd is 6.9% (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 Macquarie Technology Group Ltd (MAQ)?
The operating margin of Macquarie Technology Group Ltd is 14.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Macquarie Technology Group Ltd (MAQ)?
Revenue at Macquarie Technology Group Ltd is growing +5.7% versus a year earlier (3y avg +4.2%). 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 Macquarie Technology Group Ltd (MAQ)?
Earnings per share at Macquarie Technology Group Ltd are growing −6.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Macquarie Technology Group Ltd (MAQ) generate?
The free cash flow of Macquarie Technology Group Ltd is −A$142M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Macquarie Technology Group Ltd (MAQ) carry?
The net debt of Macquarie Technology Group Ltd is A$31.1M (fiscal year 2026). 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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Broad data
Nov 7, 2026