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SPAR Group Inc (SGRP) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of SPAR Group Inc stock $0.56, price $0.65, that is 13.9% below the price, quality 30 out of 100. Rating: overvalued. 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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Industrials US

SG SPAR Group Inc logo Thin data Nov 10, 2026

SPAR Group Inc

SGRP · US
Expensive, weak quality

Our calculation puts a fair price 14% below what the stock costs today.

Fair value $0.5594 · Overvalued
Quality 30/100
Weak Growth (revenue 5y −10.0 %/yr in USD)
Loss-making · -19.3% net margin (TTM)
High debt
Negative free cash flow
Trails peers (2/10)
Narrow moat 9/100
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

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

Price vs Fair Value

$2.97 $0.2900 Fair Value $0.5594 Aug 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 $0.2900 – $2.97 · fair‑value band $0.4196 – $0.6993 · the $0.6500 price screens above the $0.5594 fair value. As of Nov 10, 2026.

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Company profile

SPAR Group, Inc., together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

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It offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets, planogram maintenance, display and shelf services, display setup, and point of purchase installation and management.

The company also provides remodel and retail transformation consisting of store remodels, store department resets, fixture and banner installations, pop-up store services, and store closings; and assembly and installation services, including assembly of merchandise in stores, in-store services, office setup/down-sizing services, national in-home furniture assembly services, and assembly and installation of fitness equipment services.

In addition, it offers business analytics and insights services, such as product dashboards, stock out reporting, visit reporting, real-time service insights, share of shelf analytics, and photo analysis; and fulfillment and distribution services comprising distribution center staffing, point of purchase fulfillment services, kiosk prep, returns processing, picking and packing services, and inventory services.

Further, the company serves mass merchandisers, HBAs, and pharmacies, as well as groceries, discounts, dollar, convenience, cash and carry, home improvement, consumer electronics, automotive aftermarket, office supply, personal technology, beverage, household products, consumables, financial products, and independent stores.

SPAR Group, Inc. was founded in 1967 and is headquartered in Charlotte, North Carolina.

Stock analysis

SPAR Group Inc (SGRP) currently trades at $0.6500, while our estimate is $0.5594, 14% below the price, so the stock looks overvalued today.

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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: $0.4196 (bear) to $0.6993 (bull), the price of $0.6500 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 30/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

SPAR Group Inc reported revenue of $136M in FY2025 versus $256M in FY2021, a compound −14.6%/yr. Reported net income was −$24.6M in FY2025.

Key figures

Market cap $18.6M Micro · P/S ratio 0.15 · EPS (TTM) $−1.06 · Net margin −19.3% · Return on equity −179% · Return on assets (EBIT) −3.9% (5-year average) · Operating margin 3.8% · Revenue (TTM) $131M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 39% below its 52-week high and 124% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −14% fair-value upside, at −14%, SGRP screens richer than that median.

Fair Value

Bear $0.4196 Fair Value $0.5594 Bull $0.6993
Price $0.6500 · Downside -13.9%
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 30/100

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

Profitability 38
How much profit the company makes from its sales and capital
Quality Growth 21
Are margins and returns getting better?
Cashflow 6
Do the profits arrive as real cash?
Financial strength 15
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 28
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 23
Distance to the 52-week high, does not count
New shares 30
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, no officer or director bought or sold shares on the open market.

  • SaleRobert G/ Brown10% owner2× since Jun 11, 2026: 11,000 shares, avg. $0.8318$9,150Nov 5, 2026
  • SaleWilliam H Bartels10% owner4,709,837 shares at ?Jul 1, 2026
  • BuySteven Michael HennenChief Financial Officer2× since Dec 19, 2025: 133,000 shares, avg. $0.6979$92,820May 1, 2026

Plus 6 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−16.8%
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.
−19.5%
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.
−10.0%
Start year 2020 (pandemic). Over 10 years: +1.3% a year
Revenue growth 30 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.
+0.9%
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.
4.2% (2020) → −8.9% (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

SGRP screens overvalued: fair value 14% below the price. Compare with Cintas Corporation →

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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.Specialty Business Services · 245 stocks

Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 30 · Bottom 25%
Fair Value upside −13.9% · Below median
Profitability
Return on assets −55.9% · Bottom 25%
Net margin (12 months) −19.3% · Bottom 25%
Operating margin (12 months) 3.8% · Below median
Growth and dividend
Revenue growth (quarter YoY) −4.5% · Bottom 25%
Balance sheet
Debt / equity 2.06× · Highest 25%

Valuation Multiplesvs Specialty Business Services median · lower = cheaper

P/B 29.85× · 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.
P/S (12 months) 0.14× · Cheapest 25%
PEG 1.02× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)15 · sector 40
FUTURE (revenue growth)0 · sector 31
PAST (return on equity)0 · sector 35
HEALTH (low debt)0 · sector 94
DIVIDEND (yield)0 · sector 56

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Wolters Kluwer N.V WKL €87.42 €98.05 +12% vs SGRP
RB Global, Inc RBA C$136.49 C$149.12 +9% vs SGRP
Copart, Inc CPRT $32.30 $35.15 +9% vs SGRP
Global Payments Inc GPN $101.59 $87.83 −14% vs SGRP
Brambles Limited BXB A$22.15 A$19.10 −14% vs SGRP
Cintas Corporation CTAS $225.28 $188.90 −16% vs SGRP
Rentokil Initial plc RTO $23.74 $19.63 −17% vs SGRP
Thomson Reuters Corporation TRI $108.41 $70.75 −35% vs SGRP
Aramark ARMK $54.22 $23.04 −58% vs SGRP
UL Solutions Inc ULS $81.56 $33.46 −59% vs SGRP

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SPAR Group Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "SPAR Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/SGRP

Frequently asked questions

Is SPAR Group Inc (SGRP) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is $0.5594 versus a price of $0.6500, about 14% lower (overvalued).
What is the fair value of SGRP?
Our estimate for SPAR Group Inc is $0.5594 (as of Nov 10, 2026), built from audited fundamentals. The current price: $0.6500.
What is the quality score of SGRP?
SPAR Group Inc has a Quality Score of 30/100. 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 SPAR Group Inc (SGRP)?
Our calculated price target is the estimate of $0.5594 (as of Nov 10, 2026). Cautious scenario $0.4196, optimistic scenario $0.6993. 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 SPAR Group Inc stock forecast for 2026?
Our estimate puts fair value at $0.5594, about 14% lower versus a price of $0.6500 (overvalued). Cautious scenario $0.4196, optimistic scenario $0.6993. The calculation is refreshed regularly with new filings.
What is the revenue of SPAR Group Inc (SGRP)?
SPAR Group Inc reported trailing-twelve-month revenue of about $131M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of SPAR Group Inc (SGRP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SPAR Group Inc it is $0.5594 per share (as of Nov 10, 2026), against a price of $0.6500.
Is SPAR Group Inc stock overvalued or undervalued in 2026?
As of Nov 10, 2026, SGRP trades above its calculated fair value: price $0.6500, fair value $0.5594, a gap of about −14% (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 SGRP?
No. The price is what the market pays today ($0.6500); the fair value is what the company's own numbers justify ($0.5594). For SPAR Group Inc the two are $0.0906 per share apart. That gap is exactly why we show both numbers side by side.
How much is SPAR Group Inc worth?
The market values SPAR Group Inc at about $18.6M (market capitalisation, as of Nov 10, 2026). Per share that is $0.6500; our models calculate a fair value of $0.5594 per share.
What do the bullish and bearish scenarios say about SGRP?
Our models span a range for SPAR Group Inc: cautious scenario $0.4196, base $0.5594, optimistic $0.6993 per share (as of Nov 10, 2026, price $0.6500). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of SGRP?
The PEG ratio of SPAR Group Inc is 1.02 (P/E divided by earnings growth, as of Nov 10, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SPAR Group Inc (SGRP)?
Balance-sheet figures for SPAR Group Inc (as of Nov 10, 2026): return on equity −179.4%, debt of 2.06 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is SGRP from its 52-week high?
SPAR Group Inc trades at $0.6500, about 39% below its 52-week high of $1.06 and 124% above the low of $0.2900 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of $0.5594 is for.
Which stocks are comparable to SPAR Group Inc?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments 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 SPAR Group Inc stock attractive at the current price?
The data as of Nov 10, 2026: price $0.6500, calculated fair value $0.5594 (−14%), Quality Score 30/100. 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. SPAR Group Inc 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 SPAR Group Inc (SGRP)?
The closing price on Nov 10, 2026 was $0.6500. Our estimate is $0.5594, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SPAR Group Inc right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of SPAR Group Inc

How large is the market capitalisation of SPAR Group Inc (SGRP)?
The market capitalisation of SPAR Group Inc 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 SPAR Group Inc (SGRP)?
The price-to-sales ratio of SPAR Group Inc is 0.15 (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 SPAR Group Inc (SGRP)?
Earnings per share at SPAR Group Inc are $−1.06. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SPAR Group Inc (SGRP)?
The net margin of SPAR Group Inc is −19.3% (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 SPAR Group Inc (SGRP)?
The return on equity (ROE) of SPAR Group Inc is −179% (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 SPAR Group Inc (SGRP)?
On an EBIT basis the return on assets of SPAR Group Inc is −3.9% (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 SPAR Group Inc (SGRP)?
The operating margin of SPAR Group Inc is 3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SPAR Group Inc (SGRP)?
Revenue at SPAR Group Inc is growing −4.5% versus a year earlier (3y avg −19.5%). 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 SPAR Group Inc (SGRP)?
Earnings per share at SPAR Group Inc are growing −92.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SPAR Group Inc (SGRP) generate?
The free cash flow of SPAR Group Inc is −$21.4M (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 SPAR Group Inc (SGRP) carry?
The net debt of SPAR Group Inc is $24.0M (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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