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Verve Group SE N (VRV) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Verve Group SE N stock €0.68, price €0.82, that is 16.9% below the price, quality 38 out of 100. Rating: overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.

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Technology DE · Based in Ireland · ISIN SE0018538068

VG Verve Group SE N logo Thin data Nov 8, 2026

Verve Group SE N

VRV · XETRA
Expensive, weak quality

Our calculation puts a fair price 17% below what the stock costs today.

Generates free cash flow over the last twelve months
Revenue last quarter +44% vs. a year ago.
Mixed Growth (revenue 5y +29.2 %/yr in EUR)
Loss over the last twelve months · -1.7% net margin (TTM) · fiscal year 2025 0.1%
Moderate debt
Fair value €0.6800 · Overvalued
Quality 38/100
Trails peers (4/11)
Narrow moat 20/100 · thin data
Thin data
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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

€5.99 €0.7800 Fair Value €0.6800 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range €0.7800 – €5.99 · fair‑value band €0.4000 – €0.9200 · the €0.8180 price screens above the €0.6800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

Verve Group SE, a digital media company, engages in the provision of ad-software solutions in North America and Europe.

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It operates in two segments, Demand Side Platforms (DSP) and Supply Side Platforms (SSP). The DSP segment enables advertisers to create, manage, and optimize data-driven digital advertising campaigns across all relevant ad formats and channels, and devices.

This segment also offers advertising services, managing campaigns for advertisers or charges a usage-based fee for the use of the self-serve DSP platform; and products, including ATOM or Moments.AI, and Verve's platform for value-added services which provide targeting solutions to advertisers.

The SSP segment helps third-party publishers and its own games studios to monetize their ad inventory/ad spaces while keeping full control over it. This segment also includes its own games studios which provide first-party data and in-game advertising spaces, as well as in game items and subscriptions; and is also involved in buying ad inventory directly from the publisher and selling it to demand side platforms.

The company was formerly known as MGI - Media and Games Invest SE and changed its name to Verve Group SE in June 2024. Verve Group SE was founded in 2000 and is based in Stockholm, Sweden.

Stock analysis

Verve Group SE N (VRV) currently trades at €0.8180, while our model-based Fair Value estimate is €0.6800, 17% 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 €2.11 per share, and 4 of the 12 models we run sit above the €0.8180 price.

Bear case: the Earnings-Based group reads lowest at €0.1450, and 8 of the 12 models stay below the price. Data coverage for this calculation is low.

Scenario range: €0.4000 (bear) to €0.9200 (bull), the price of €0.8180 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 38/100 (below-average quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Verve Group SE N reported revenue of €562M in FY2025 versus €253M in FY2021, a compound +22.1%/yr. Reported net income was €709K in FY2025, compounding −54.2%/yr from FY2021.

Key figures

Market cap €168M Micro · P/S ratio 0.33 · EPS (TTM) €−0.0200 · Net margin −1.7% · Return on equity −2.4% · Return on assets (EBIT) 3.7% (5-year average) · Operating margin 2.4% · Revenue (TTM) €625M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).

What moves the price

The share trades about 60% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −17%, VRV screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (€0.0600 to €5.01). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear €0.4000 Fair Value €0.6800 Bull €0.9200
Price €0.8180 · Downside -16.9%
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. 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.
Best data coverage
EPV €0.4000 €0.6800 €0.9200 72
Residual Income €1.02 €1.12 €1.27 68
ROIC Compounder €0.4000 €0.6800 €0.9200 68
All 12 models by family
Earnings-Based
Graham-Dodd €0.0200 €0.1700 €0.2400 61
Lynch FV €0.0900 €0.1200 €0.1600 59
PEG = 1.0 €0.0900 €0.1200 €0.1600 55
EPV €0.4000 €0.6800 €0.9200 72
Multiples
P/E Multiple €0.0600 €0.0800 €0.1000 63
P/S Multiple €0.0500 €0.0600 €0.0800 58
EV/EBIT €1.76 €3.17 €4.58 63
EV/EBITDA €3.14 €5.01 €6.87 66
EV/Revenue €0.7400 €2.11 €3.49 50
Economic Profit
Residual Income €1.02 €1.12 €1.27 68
ROIC Compounder €0.4000 €0.6800 €0.9200 68
Growth Earnings
Growth-Adj P/E €0.1200 €0.1600 €0.2100 66

Open the full fair value analysis →

Quality Score breakdown

Overall quality 38/100

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

Profitability 17
How much profit the company makes from its sales and capital
Quality Growth 47
Are margins and returns getting better?
Cashflow 30
Do the profits arrive as real cash?
Financial strength 22
Debt, balance sheet and risk of trouble
Investment 66
Does it invest with discipline instead of growing at any price?
Low Volatility 35
How calm the share price moves, does not count
Price momentum 0
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 70
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. 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+29.3%
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.
+22.2%
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.
+29.2%
Start year 2020 (pandemic)
Revenue growth 13 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.
+72.3%
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. Basis: EBIT basis.
+2.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.4%
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.−46.0% vs −24.4%, slowing
Profit margin 2021 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.4% → 13%
Pace: the 5-year rate starts in 2020 (pandemic)

VRV screens overvalued: fair value 17% below the price. Compare with SAP SE →

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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.Software - Application · 628 stocks

Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside −16.9% · Below median
Profitability
Return on assets 0.1% · Below median
Net margin (12 months) −1.7% · Below median
Operating margin (12 months) 2.4% · Below median
Growth and dividend
Revenue growth (quarter YoY) 43.5% · Top 25%
Balance sheet
Debt / equity 1.13× · Highest 25%

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 0.40× · 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) 0.27× · Cheapest 25%
EV/EBITDA 6.8× · Cheapest 25%
PEG 0.09× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)11 · sector 29
FUTURE (revenue growth)100 · sector 41
PAST (return on equity)0 · sector 20
HEALTH (low debt)44 · sector 98
DIVIDEND (yield)0 · sector 29

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 Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $239.30 $463.72 +94% vs VRV
Salesforce, Inc CRM $213.65 $342.73 +60% vs VRV
Uber Technologies, Inc UBER $68.59 $101.28 +48% vs VRV
Intuit Inc INTU $341.50 $459.14 +34% vs VRV
ServiceNow, Inc NOW $101.97 $112.17 +10% vs VRV
SAP SE SAP €210.75 €173.59 −18% vs VRV
Cadence Design Systems, Inc CDNS $319.92 $225.48 −30% vs VRV
Automatic Data Processing, Inc ADP $303.35 $150.40 −50% vs VRV
Shopify Inc SHOP $148.91 $64.96 −56% vs VRV
Snowflake Inc SNOW $275.88 $73.81 −73% vs VRV

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Cite: Fair Value Calculator (2026). "Verve Group SE N Fair Value". https://www.fairvalue-calculator.com/stock/VRV

Frequently asked questions

Is Verve Group SE N (VRV) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €0.6800 versus a price of €0.8180, about 17% lower (overvalued).
What is the fair value of VRV?
Our model-based fair value for Verve Group SE N is €0.6800 (as of Nov 8, 2026), built from audited fundamentals. The current price: €0.8180.
What is the quality score of VRV?
Verve Group SE N has a Quality Score of 38/100. 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 Verve Group SE N (VRV)?
Our model-based price target is the fair value of €0.6800 (as of Nov 8, 2026) from 12 valuation models. Cautious scenario €0.4000, optimistic scenario €0.9200. It is a calculation from audited fundamentals, not an analyst target.
What is the Verve Group SE N stock forecast for 2026?
Our models put fair value at €0.6800, about 17% lower versus a price of €0.8180 (overvalued). Cautious scenario €0.4000, optimistic scenario €0.9200. The calculation is refreshed regularly with new filings.
What is the revenue of Verve Group SE N (VRV)?
Verve Group SE N reported trailing-twelve-month revenue of about €625M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Verve Group SE N (VRV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Verve Group SE N it is €0.6800 per share (as of Nov 8, 2026), against a price of €0.8180. It is the blended result of 12 valuation models in 4 families (Earnings-Based, Multiples, Economic Profit, Growth Earnings).
Is Verve Group SE N stock overvalued or undervalued in 2026?
As of Nov 8, 2026, VRV trades above its calculated fair value: price €0.8180, fair value €0.6800, a gap of about −17% (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 VRV?
No. The price is what the market pays today (€0.8180); the fair value is what the company's own numbers justify (€0.6800). For Verve Group SE N the two are €0.1380 per share apart. That gap is exactly why we show both numbers side by side.
How much is Verve Group SE N worth?
The market values Verve Group SE N at about €168M (market capitalisation, as of Nov 8, 2026). Per share that is €0.8180; our models calculate a fair value of €0.6800 per share.
What do the bullish and bearish scenarios say about VRV?
Our models span a range for Verve Group SE N: cautious scenario €0.4000, base €0.6800, optimistic €0.9200 per share (as of Nov 8, 2026, price €0.8180). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of VRV?
The PEG ratio of Verve Group SE N is 0.09 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Verve Group SE N (VRV)?
Balance-sheet figures for Verve Group SE N (as of Nov 8, 2026): return on equity −2.4%, debt of 1.13 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is VRV from its 52-week high?
Verve Group SE N trades at €0.8180, about 60% below its 52-week high of €2.05 and at the low of €0.8180 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €0.6800 is for.
Which stocks are comparable to Verve Group SE N?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Verve Group SE N stock attractive at the current price?
The data as of Nov 8, 2026: price €0.8180, calculated fair value €0.6800 (−17%), Quality Score 38/100, from 12 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 VRV calculated?
We run Verve Group SE N through 12 models from 4 families: Earnings-Based, Multiples, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €0.6800 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. Verve Group SE N 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 Verve Group SE N (VRV)?
The closing price on Nov 6, 2026 was €0.8180. Our model-based fair value is €0.6800, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Verve Group SE N right now?
Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (€0.4000 to €0.9200) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Verve Group SE N

How large is the market capitalisation of Verve Group SE N (VRV)?
The market capitalisation of Verve Group SE N is €168M. 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 Verve Group SE N (VRV)?
The price-to-sales ratio of Verve Group SE N is 0.33 (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 Verve Group SE N (VRV)?
Earnings per share at Verve Group SE N are €−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Verve Group SE N (VRV)?
The net margin of Verve Group SE N is −1.7% (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 Verve Group SE N (VRV)?
The return on equity (ROE) of Verve Group SE N is −2.4% (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 Verve Group SE N (VRV)?
On an EBIT basis the return on assets of Verve Group SE N is 3.7% (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 Verve Group SE N (VRV)?
The operating margin of Verve Group SE N is 2.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Verve Group SE N (VRV)?
Revenue at Verve Group SE N is growing +43.5% versus a year earlier (3y avg +22.2%). 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 Verve Group SE N (VRV)?
Earnings per share at Verve Group SE N are growing −75.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Verve Group SE N (VRV) generate?
The free cash flow of Verve Group SE N is −€28.8M (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 Verve Group SE N (VRV) carry?
The net debt of Verve Group SE N is €492M (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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