Mobotix AG (MBQ) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Mobotix AG stock €1.90, price €0.79, upside +141.1%, quality 50 out of 100. Rating: strongly undervalued. Calculated from audited financials with 11 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 €0.3860 – €8.03 · fair‑value band €1.42 – €3.77 · the €0.7880 price screens below the €1.90 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 7, 2026.
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Mobotix AG manufactures and sells IP video security systems in Germany and internationally. The company provides video systems, including fixed dome, PTZ speed dome, hemispheric, turret and flat eye, multidirectional, bullet, and thermal cameras, as well as M-design and special bundles.
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It also offers MOBOTIX HUB, a video management platform; MxManagementCenter video management system for windows and macOS; MOBOTIX CLOUD; MOBOTIX LIVE App, a video remote station; MOBOTIX SYNC, an intelligent data center; and MOBOTIX Certified apps which are smart video analytics.
In addition, the company provides QVR Pro recording software solution; MOBOTIX MOVE NVR, an integrated video management software; MxIRLight, an infrared illuminator; media converter; and MOBOTIX PTZ Keyboard used for control of the video management systems.
Further, it offers overvoltage-protection bomb; network power adapter box; input/output/232-IO-box; GPS box; proximity box; BPA-box; and MxMultiSense, a multi-sensor module for indoor and outdoor areas.
It provides its solutions to industry, production, energy, utilities, mining, government, education and science, healthcare, retail, logistics and freight, traffic and mobility, hotel and food catering, and culture and tourism sectors.
The company was founded in 1999 and is headquartered in Winnweiler, Germany. Mobotix AG operates as a subsidiary of Certina Software Investments Ag.
Stock analysis
Mobotix AG (MBQ) currently trades at €0.7880, while our model-based Fair Value estimate is €1.90, implying the stock looks roughly 59% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €4.38 per share, and 9 of the 9 models we run sit above the €0.7880 price.
Bear case: the Economic Profit group reads lowest at €1.40, and 0 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: €1.42 (bear) to €3.77 (bull), the price of €0.7880 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 50/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Mobotix AG reported revenue of €52.7M in FY2025 versus €62.4M in FY2021, a compound −4.2%/yr. Reported net income was €2.8M in FY2025.
Key figures
Market cap €10.4M Micro · P/E ratio 26.3 · P/S ratio 0.20 · EPS (TTM) €0.0300 · Net margin 0.7% · Return on equity 3.2% · Return on assets (EBIT) −5.5% (5-year average) · Operating margin −7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 63% below its 52-week high and 43% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at 141%, MBQ screens cheaper than that median.
Fair Value models
Bear€1.42Fair Value €1.90Bull€3.77
Price €0.7880 · Upside +141.1%
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 2025 figures (about 12 months old). Earnings retained since then (€0.0300 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.38/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.3%
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.
−2.1%
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.
−5.6%
Start year 2020 (pandemic). Over 10 years: −4.1% a year
Revenue growth 18 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.
+4.4%
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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.
−0.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.2%
Dividend (yield on the price)0.0%
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.−0.2% vs 0.5%, 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.9% → −12%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 4.2%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+23.0%
Yearly growth needed for the next five years to justify today's price.
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 +20.3% 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.Security & Protection Services · 105 stocks
P/B0.67× · 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.
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). "Mobotix AG Fair Value". https://www.fairvalue-calculator.com/stock/MBQ
Frequently asked questions
Is Mobotix AG (MBQ) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €1.90 versus a price of €0.7880, about +141% upside (undervalued).
What is the fair value of MBQ?
Our model-based fair value for Mobotix AG is €1.90 (as of Nov 7, 2026), built from audited fundamentals. The current price: €0.7880.
What is the quality score of MBQ?
Mobotix AG has a Quality Score of 50/100. 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 Mobotix AG (MBQ)?
Our model-based price target is the fair value of €1.90 (as of Nov 7, 2026) from 11 valuation models. Cautious scenario €1.42, optimistic scenario €3.77. It is a calculation from audited fundamentals, not an analyst target.
What is the Mobotix AG stock forecast for 2026?
Our models put fair value at €1.90, about +141% upside versus a price of €0.7880 (undervalued). Cautious scenario €1.42, optimistic scenario €3.77. The calculation is refreshed regularly with new filings.
What is the revenue of Mobotix AG (MBQ)?
Mobotix AG reported trailing-twelve-month revenue of about €52.5M (latest available figure, as of Nov 7, 2026).
What growth is priced into Mobotix AG (MBQ)?
For today's price to be fair in a discounted-cash-flow model, Mobotix AG would have to grow free cash flow by +23.0 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of MBQ use?
Our models discount Mobotix AG at 11.4 %: a base by market capitalisation (nano), damped by beta 1.80, 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 Mobotix AG that is +23.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Mobotix AG (MBQ) delivered so far?
Over the past 5 years revenue at Mobotix AG grew -5.6 % a year. The price currently implies free-cash-flow growth of +23.0 % 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 Mobotix AG (MBQ) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Mobotix AG (+23.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mobotix AG (MBQ)?
The free-cash-flow yield on the price is 14.41 %: that much free cash flow Mobotix AG produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mobotix AG (MBQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mobotix AG it is €1.90 per share (as of Nov 7, 2026), against a price of €0.7880. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Mobotix AG stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MBQ trades below its calculated fair value: price €0.7880, fair value €1.90, a gap of about +141% (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 MBQ?
No. The price is what the market pays today (€0.7880); the fair value is what the company's own numbers justify (€1.90). For Mobotix AG the two are €1.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mobotix AG worth?
The market values Mobotix AG at about €10.4M (market capitalisation, as of Nov 7, 2026). Per share that is €0.7880; our models calculate a fair value of €1.90 per share.
What do the bullish and bearish scenarios say about MBQ?
Our models span a range for Mobotix AG: cautious scenario €1.42, base €1.90, optimistic €3.77 per share (as of Nov 7, 2026, price €0.7880). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MBQ?
Mobotix AG trades at a price-to-earnings ratio of 26.3 (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 €1.90 is built from several models across several years. Other multiples: PEG 0.6, P/B 0.7, P/S 0.2, EV/EBITDA 8.0.
What is the PEG ratio of MBQ?
The PEG ratio of Mobotix AG is 0.60 (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 Mobotix AG (MBQ)?
Balance-sheet figures for Mobotix AG (as of Nov 7, 2026): return on equity 3.2%, debt of 2.65 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is MBQ from its 52-week high?
Mobotix AG trades at €0.7880, about 63% below its 52-week high of €2.12 and 43% above the low of €0.5500 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €1.90 is for.
Which stocks are comparable to Mobotix AG?
From the same area (Industrials) we also value Allegion plc, ADT Inc, Zhejiang Dahua Technology Co, MSA Safety Incorporated, 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 Mobotix AG stock attractive at the current price?
The data as of Nov 7, 2026: price €0.7880, calculated fair value €1.90 (+141%), Quality Score 50/100, from 11 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 MBQ calculated?
We run Mobotix AG through 11 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €1.90 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. Mobotix AG currently trades 59% 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 Mobotix AG (MBQ)?
The closing price on Nov 6, 2026 was €0.7880. Our model-based fair value is €1.90, about +141% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mobotix AG right now?
The price is below even our cautious bear case (€1.42). The market is more pessimistic than our downside scenario. The model range is unusually wide (€1.42 to €3.77). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Mobotix AG
How large is the market capitalisation of Mobotix AG (MBQ)?
The market capitalisation of Mobotix AG is €10.4M. 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 Mobotix AG (MBQ)?
The price-to-sales ratio of Mobotix AG is 0.20 (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 Mobotix AG (MBQ)?
Earnings per share at Mobotix AG are €0.0300 (price ÷ EPS = P/E 26.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mobotix AG (MBQ)?
The net margin of Mobotix AG is 0.7% (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 Mobotix AG (MBQ)?
The return on equity (ROE) of Mobotix AG is 3.2% (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 Mobotix AG (MBQ)?
On an EBIT basis the return on assets of Mobotix AG is −5.5% (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 Mobotix AG (MBQ)?
The operating margin of Mobotix AG is −7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mobotix AG (MBQ)?
Revenue at Mobotix AG is growing −14.5% versus a year earlier (3y avg −2.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Mobotix AG (MBQ) hold?
Mobotix AG holds more cash than debt, €3.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 7, 2026