Reti SpA (RETI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Reti SpA stock €2.45, price €1.52, upside +61.2%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 €1.34 – €2.38 · fair‑value band €1.71 – €3.18 · the €1.52 price screens below the €2.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Reti S.p.A. engages in the provision of system integration services in Italy. It offers artificial intelligence; business intelligence, including data collection, analytics, insight, and prediction; security and identity services; cloud services; and business consulting.
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The company also provides application solutions for the management of business processes, sharing of information, and facilitation of collaborative processes; and develops IT platforms and infrastructures for the networking and digitization needs of its customers.
In addition, it operates as managed service provider that offers management and assistance services on infrastructures and applications. Reti S.p.A. was founded in 1994 and is based in Busto Arsizio, Italy. Reti S.p.A. operates as a subsidiary of Paneghini Holding Srl.
Stock analysis
Reti SpA (RETI) currently trades at €1.52, while our model-based Fair Value estimate is €2.45, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €3.13 per share, and 17 of the 26 models we run sit above the €1.52 price.
Bear case: the Asset-Based group reads lowest at €0.5300, and 9 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: €1.71 (bear) to €3.18 (bull), the price of €1.52 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 55/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Reti SpA reported revenue of €35.8M in FY2025 versus €24.9M in FY2021, a compound +9.5%/yr. Reported net income was €1.4M in FY2025, compounding +7.5%/yr from FY2021.
Key figures
Market cap €18.6M Micro · P/E ratio 13.8 · P/S ratio 0.51 · EPS (TTM) €0.1100 · Dividend yield 3.9% · Net margin 3.9% · Return on equity 15.1% · Return on assets (EBIT) 6.3% (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 13% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at 61%, RETI screens cheaper than that median.
Fair Value models
Bear€1.71Fair Value €2.45Bull€3.18
Price €1.52 · Upside +61.2%
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 2025 figures (about 10 months old). Earnings retained since then (€0.0429 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.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.9%
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.
+8.8%
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.
+10.4%
Start year 2020 (pandemic)
Revenue growth 7 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.
+9.4%
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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.
+14.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.3%
Dividend (yield on the price)3.9%
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.7% → 9%
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).
+24.1%
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 +21.4% 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.Information Technology Services · 479 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+61.2% · Top 25%
Profitability
Return on equity (12 months)15.1% · Above median
Return on assets3.8% · Below median
Net margin (12 months)3.9% · Below median
Operating margin (12 months)6.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)6.2% · Below median
Dividend yield (12 months)3.9% · Above median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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). "Reti SpA Fair Value". https://www.fairvalue-calculator.com/stock/RETI
Frequently asked questions
Is Reti SpA (RETI) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €2.45 versus a price of €1.52, about +61% upside (undervalued).
What is the fair value of RETI?
Our model-based fair value for Reti SpA is €2.45 (as of Nov 7, 2026), built from audited fundamentals. The current price: €1.52.
What is the quality score of RETI?
Reti SpA has a Quality Score of 55/100. 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 Reti SpA (RETI)?
Our model-based price target is the fair value of €2.45 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario €1.71, optimistic scenario €3.18. It is a calculation from audited fundamentals, not an analyst target.
What is the Reti SpA stock forecast for 2026?
Our models put fair value at €2.45, about +61% upside versus a price of €1.52 (undervalued). Cautious scenario €1.71, optimistic scenario €3.18. The calculation is refreshed regularly with new filings.
What is the revenue of Reti SpA (RETI)?
Reti SpA reported trailing-twelve-month revenue of about €36.7M (latest available figure, as of Nov 7, 2026).
Does Reti SpA pay a dividend?
Reti SpA currently shows a dividend yield of 3.95% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Reti SpA (RETI) and when is the ex-dividend date?
Reti SpA pays a dividend of €0.06 per share a year, a dividend yield of 3.9%. The last ex-dividend date was Apr 13, 2026. The payout ratio is 54.5% of earnings. Free cash flow covers the dividend 0.82 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Reti SpA (RETI)?
For today's price to be fair in a discounted-cash-flow model, Reti SpA would have to grow free cash flow by +24.1 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of RETI use?
Our models discount Reti SpA at 10.5 %: a base by market capitalisation (nano), damped by beta 0.23, 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 Reti SpA that is +24.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Reti SpA (RETI) delivered so far?
Over the past 5 years revenue at Reti SpA grew +10.4 % a year. The price currently implies free-cash-flow growth of +24.1 % 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 Reti SpA (RETI) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Reti SpA (+24.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Reti SpA (RETI)?
The free-cash-flow yield on the price is 3.22 %: that much free cash flow Reti SpA produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Reti SpA (RETI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Reti SpA it is €2.45 per share (as of Nov 7, 2026), against a price of €1.52. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Reti SpA stock overvalued or undervalued in 2026?
As of Nov 7, 2026, RETI trades below its calculated fair value: price €1.52, fair value €2.45, a gap of about +61% (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 RETI?
No. The price is what the market pays today (€1.52); the fair value is what the company's own numbers justify (€2.45). For Reti SpA the two are €0.9300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Reti SpA worth?
The market values Reti SpA at about €18.6M (market capitalisation, as of Nov 7, 2026). Per share that is €1.52; our models calculate a fair value of €2.45 per share.
What do the bullish and bearish scenarios say about RETI?
Our models span a range for Reti SpA: cautious scenario €1.71, base €2.45, optimistic €3.18 per share (as of Nov 7, 2026, price €1.52). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RETI?
Reti SpA trades at a price-to-earnings ratio of 13.8 (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 €2.45 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 17.7. Other multiples: P/B 1.9, P/S 0.5, EV/EBITDA 5.6.
How solid is the balance sheet of Reti SpA (RETI)?
Balance-sheet figures for Reti SpA (as of Nov 7, 2026): return on equity 15.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is RETI from its 52-week high?
Reti SpA trades at €1.52, about 13% below its 52-week high of €1.74 and 14% above the low of €1.34 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €2.45 is for.
Which stocks are comparable to Reti SpA?
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 Reti SpA stock attractive at the current price?
The data as of Nov 7, 2026: price €1.52, calculated fair value €2.45 (+61%), Quality Score 55/100, from 26 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 RETI calculated?
We run Reti SpA through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €2.45 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. Reti SpA currently trades 38% 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 Reti SpA (RETI)?
The closing price on Nov 6, 2026 was €1.52. Our model-based fair value is €2.45, about +61% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Reti SpA right now?
The price is below even our cautious bear case (€1.71). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€1.71 to €3.18) leaves room in how you read the outcome.
Key figures of Reti SpA
How large is the market capitalisation of Reti SpA (RETI)?
The market capitalisation of Reti SpA is €18.6M. 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 Reti SpA (RETI)?
The price-to-sales ratio of Reti SpA is 0.51 (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 Reti SpA (RETI)?
Earnings per share at Reti SpA are €0.1100 (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Reti SpA (RETI)?
The dividend yield of Reti SpA is 3.9% (payout 54.5%). 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 Reti SpA (RETI)?
The net margin of Reti SpA is 3.9% (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 Reti SpA (RETI)?
The return on equity (ROE) of Reti SpA is 15.1% (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 Reti SpA (RETI)?
On an EBIT basis the return on assets of Reti SpA is 6.3% (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 Reti SpA (RETI)?
The operating margin of Reti SpA is 6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Reti SpA (RETI)?
Revenue at Reti SpA is growing +6.2% versus a year earlier (3y avg +8.8%). 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 Reti SpA (RETI)?
Earnings per share at Reti SpA are growing −3.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Reti SpA (RETI) carry?
The net debt of Reti SpA is €4.8M (fiscal year 2025, ≈ 8.1 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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Broad data
Nov 7, 2026