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THE NAGA GROUP AG (N4G0) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of THE NAGA GROUP AG stock €2.36, price €2.46, that is 4.1% below the price, quality 44 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Financial Services DE · ISIN DE000A41YCM0

TN THE NAGA GROUP AG logo Thin data Nov 10, 2026

THE NAGA GROUP AG

N4G0 · XETRA
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Fair value €2.36 · Fairly valued
Quality 44/100
Expensive Growth (revenue 5y +20.7 %/yr in EUR)
Revenue last quarter 14% below a year ago.
Loss-making · -4.8% net margin (TTM)
Negative free cash flow
Trails peers (3/10)
Narrow moat 21/100 · thin data
Thin data
Estimate
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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

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Price vs Fair Value

€88.50 €1.36 Fair Value €2.36 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range €1.36 – €88.50 · fair‑value band €1.77 – €2.95 · the €2.46 price screens above the €2.36 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 10, 2026.

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Company profile

The NAGA Group AG develops and offers fintech products and services in Latin America, the Middle East, North Africa, and Southeast Asia. It offers platform that provides integrated trading tools for technical and fundamental analysis.

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It also provides services that enable users to create customized portfolios; manage trading activities; replicate copy trading; and algorithmic strategies using trading bots. The company was incorporated in 2015 and is headquartered in Hamburg, Germany.

Stock analysis

THE NAGA GROUP AG (N4G0) currently trades at €2.46, while our estimate is €2.36, so the stock looks roughly fairly valued today (gap 4.2%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: €1.77 (bear) to €2.95 (bull), the price of €2.46 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 44/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

THE NAGA GROUP AG NA O.N. reported revenue of €62.4M in FY2025 versus €52.9M in FY2021, a compound +4.2%/yr. Reported net income was −€6.6M in FY2025.

Key figures

Market cap €57.3M Micro · P/S ratio 0.93 · EPS (TTM) €−0.1200 · Net margin −4.8% · Return on equity −3.4% · Return on assets (EBIT) −9.1% (5-year average) · Operating margin 9.0% · Revenue (TTM) €57.8M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (low confidence).

What moves the price

The share trades about 57% below its 52-week high and 82% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −4%, N4G0 screens cheaper than that median.

Fair Value

Bear €1.77 Fair Value €2.36 Bull €2.95
Price €2.46 · Downside -4.1%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 44/100

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

Profitability 27
How much profit the company makes from its sales and capital
Quality Growth 48
Are margins and returns getting better?
Cashflow 5
Do the profits arrive as real cash?
Financial strength 75
Debt, balance sheet and risk of trouble
Investment 89
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 9
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 14
Distance to the 52-week high, does not count
New shares 40
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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.3%
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.
+2.7%
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.
+20.7%
Start year 2020 (pandemic). Over 10 years: +52.0% a year
Revenue growth 10 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.
+52.0%
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.
5.5% (2020) → −5.5% (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 THE NAGA GROUP AG NA O.N. with another stock

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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.Capital Markets · 455 stocks

Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 44 · Below median
Fair Value upside −4.1% · Below median
Profitability
Return on assets −7.2% · Bottom 25%
Net margin (12 months) −4.8% · Bottom 25%
Operating margin (12 months) 9.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) −14.2% · Bottom 25%

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/B 0.72× · Cheaper than median
P/S (12 months) 0.99× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)28 · sector 32
FUTURE (revenue growth)0 · sector 58
PAST (return on equity)0 · sector 31
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)0 · sector 46

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 Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Morgan Stanley MS $187.56 $260.72 +39% vs N4G0
The Charles Schwab Corporation SCHW $93.03 $117.60 +26% vs N4G0
Guotai Haitong Securities Co 601211 ¥16.21 ¥18.02 +11% vs N4G0
Nomura Holdings NMR $9.51 $10.17 +7% vs N4G0
The Goldman Sachs Group GS $910.19 $766.86 −16% vs N4G0
CITIC Securities Company 600030 ¥25.53 ¥20.42 −20% vs N4G0
Robinhood Markets, Inc HOOD $81.33 $47.60 −41% vs N4G0
Macquarie Group MQG A$249.23 A$123.84 −50% vs N4G0
East Money Information Co 300059 ¥18.78 ¥6.72 −64% vs N4G0
Interactive Brokers Group IBKR $77.59 $17.48 −77% vs N4G0

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THE NAGA GROUP AG NA O.N.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "THE NAGA GROUP AG NA O.N. Fair Value". https://www.fairvalue-calculator.com/stock/N4G0

Frequently asked questions

Is THE NAGA GROUP AG (N4G0) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is €2.36 versus a price of €2.46, about 4% lower (fairly valued).
What is the fair value of N4G0?
Our estimate for THE NAGA GROUP AG is €2.36 (as of Nov 10, 2026), built from audited fundamentals. The current price: €2.46.
What is the quality score of N4G0?
THE NAGA GROUP AG has a Quality Score of 44/100. 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 THE NAGA GROUP AG (N4G0)?
Our calculated price target is the estimate of €2.36 (as of Nov 10, 2026). Cautious scenario €1.77, optimistic scenario €2.95. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the THE NAGA GROUP AG NA O.N. stock forecast for 2026?
Our estimate puts fair value at €2.36, about 4% lower versus a price of €2.46 (fairly valued). Cautious scenario €1.77, optimistic scenario €2.95. The calculation is refreshed regularly with new filings.
What is the revenue of THE NAGA GROUP AG (N4G0)?
THE NAGA GROUP AG reported trailing-twelve-month revenue of about €57.8M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of THE NAGA GROUP AG (N4G0)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For THE NAGA GROUP AG it is €2.36 per share (as of Nov 10, 2026), against a price of €2.46.
Is THE NAGA GROUP AG NA O.N. stock overvalued or undervalued in 2026?
As of Nov 10, 2026, N4G0 trades above its calculated fair value: price €2.46, fair value €2.36, a gap of about −4% (fairly valued). 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 N4G0?
No. The price is what the market pays today (€2.46); the fair value is what the company's own numbers justify (€2.36). For THE NAGA GROUP AG the two are €0.1000 per share apart. That gap is exactly why we show both numbers side by side.
How much is THE NAGA GROUP AG NA O.N. worth?
The market values THE NAGA GROUP AG at about €57.3M (market capitalisation, as of Nov 10, 2026). Per share that is €2.46; our models calculate a fair value of €2.36 per share.
What do the bullish and bearish scenarios say about N4G0?
Our models span a range for THE NAGA GROUP AG: cautious scenario €1.77, base €2.36, optimistic €2.95 per share (as of Nov 10, 2026, price €2.46). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of THE NAGA GROUP AG (N4G0)?
Balance-sheet figures for THE NAGA GROUP AG (as of Nov 10, 2026): return on equity −3.4%. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is N4G0 from its 52-week high?
THE NAGA GROUP AG trades at €2.46, about 57% below its 52-week high of €5.70 and 82% above the low of €1.36 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of €2.36 is for.
Which stocks are comparable to THE NAGA GROUP AG NA O.N.?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers 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 THE NAGA GROUP AG NA O.N. stock attractive at the current price?
The data as of Nov 10, 2026: price €2.46, calculated fair value €2.36 (−4%), Quality Score 44/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. THE NAGA GROUP AG 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 THE NAGA GROUP AG (N4G0)?
The closing price on Nov 10, 2026 was €2.46. Our estimate is €2.36, about 4% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with THE NAGA GROUP AG NA O.N. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of THE NAGA GROUP AG

How large is the market capitalisation of THE NAGA GROUP AG (N4G0)?
The market capitalisation of THE NAGA GROUP AG is €57.3M. 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 THE NAGA GROUP AG (N4G0)?
The price-to-sales ratio of THE NAGA GROUP AG is 0.93 (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 THE NAGA GROUP AG (N4G0)?
Earnings per share at THE NAGA GROUP AG are €−0.1200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of THE NAGA GROUP AG (N4G0)?
The net margin of THE NAGA GROUP AG is −4.8% (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 THE NAGA GROUP AG (N4G0)?
The return on equity (ROE) of THE NAGA GROUP AG is −3.4% (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 THE NAGA GROUP AG (N4G0)?
On an EBIT basis the return on assets of THE NAGA GROUP AG is −9.1% (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 THE NAGA GROUP AG (N4G0)?
The operating margin of THE NAGA GROUP AG is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at THE NAGA GROUP AG (N4G0)?
Revenue at THE NAGA GROUP AG is growing −14.2% versus a year earlier (3y avg +2.7%). 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 THE NAGA GROUP AG (N4G0) generate?
The free cash flow of THE NAGA GROUP AG is −€5.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does THE NAGA GROUP AG (N4G0) hold?
THE NAGA GROUP AG holds more cash than debt, €3.3M net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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