United Internet AG (0GE4) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of United Internet AG €23.63, price €24.11, upside -2.0%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range €11.80 – €33.53 · fair‑value band €16.44 – €31.71 · the €24.11 price screens above the €23.63 fair value. Dashed = 300-day average. As of Oct 3, 2026.
United Internet AG, through its subsidiaries, operates as an Internet service provider worldwide. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments.
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United Internet AG, through its subsidiaries, operates as an Internet service provider worldwide. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. It offers landline-based broadband and mobile internet products, including home networks, online storage, smart home, and IPTV for private users; and telecommunication products ranging from fiber-optic direct connections to tailored ICT solutions, which include voice, data, and network solutions, as well as infrastructure services to national and international carriers and ISPs. The company also provides applications and services for home users, such as personal information management applications comprising email, to-do lists, appointments, and addresses; and online cloud storage and office software. In addition, it provides business applications for freelancers and small to medium enterprises, such as domains, websites, web hosting, servers, e-shops, group work, online cloud storage, and office software, as well as cloud solutions and infrastructure. It offers its access products through the yourfone, smartmobile.de, 1&1, and 1&1 Versatel brand names; and applications through GMX, mail.com, WEB.DE, home.pl, Arsys, STRATO, IONOS, Fasthosts, we22, InterNetX, united-domains, and World4You brand names. In addition, the company offers professional services in the fields of active domain management; performance-based advertising and sales services under the Sedo brand name; online advertising services under the United Internet Media brand name; and white-label website builder services under the we22 brand, as well as sells IT hardware. The company was founded in 1988 and is headquartered in Montabaur, Germany.
Stock analysis
United Internet AG (0GE4) currently trades at €24.11, while our model-based Fair Value estimate is €23.63, so the stock looks roughly fairly valued today (gap 2.0%).
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Valuation
Bull case: the DCF Models group reads highest at a median of €33.63 per share, and 12 of the 25 models we run sit above the €24.11 price.
Bear case: the Dividend Discount group reads lowest at €4.54, and 13 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: €16.44 (bear) to €31.71 (bull), the price of €24.11 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 54/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
United Internet AG reported revenue of €5.4B in FY2020 versus €3.8B in FY2016, a compound +9.0%/yr. Reported net income was €291M in FY2020, compounding +12.9%/yr from FY2016.
Key figures
Market cap €6.9B · P/S ratio 1.12 · Dividend yield 2.1% · Net margin 5.4% · Return on equity 7.1% · Return on assets (EBIT) 10.7% · Operating margin 10.8% · Revenue (TTM) €6.2B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 36% fair-value upside, at −2%, 0GE4 screens richer than that median.
Fair Value models
Bear €16.44Fair Value €23.63Bull €31.71
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.3%
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.
+8.5%
’16
’17
’18
’19
’20
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.
16.9% (2016) → 11.3% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
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.Telecom Services · 237 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−9.6% · Below median
Profitability
Return on equity (TTM)7.1% · Below median
Return on assets3.2% · Below median
Net margin (TTM)4.8% · Below median
Operating margin (TTM)10.8% · Below median
Growth and dividend
Revenue growth2.1% · Below median
Dividend yield (TTM)2.1% · Below median
Balance sheet
Debt / equity0.24× · Below median
Valuation Multiplesvs Telecom Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "United Internet AG Fair Value". https://www.fairvalue-calculator.com/stock/0GE4
Frequently asked questions
Is United Internet AG (0GE4) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of €23.63 versus a price of €24.11, about −2% upside (fairly valued).
What is the fair value of 0GE4?
Our model-based fair value for United Internet AG is €23.63 (as of Oct 3, 2026), built from audited fundamentals. The current price: €24.11.
What is the quality score of 0GE4?
United Internet AG has a Quality Score of 54/100. 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 United Internet AG (0GE4)?
Our model-based price target is the fair value of €23.63 (as of Oct 3, 2026) from 25 valuation models. Cautious scenario €16.44, optimistic scenario €31.71. It is a calculation from audited fundamentals, not an analyst target.
What is the United Internet AG stock forecast for 2026?
Our models put fair value at €23.63, about −2% upside versus a price of €24.11 (fairly valued). Cautious scenario €16.44, optimistic scenario €31.71. The calculation is refreshed regularly with new filings.
What is the revenue of United Internet AG (0GE4)?
United Internet AG reported trailing-twelve-month revenue of about €6.2B (latest available figure, as of Oct 3, 2026).
Does United Internet AG pay a dividend?
United Internet AG currently shows a dividend yield of about 2.07% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of United Internet AG (0GE4)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For United Internet AG it is €23.63 per share (as of Oct 3, 2026), against a price of €24.11. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is United Internet AG stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 0GE4 trades above its calculated fair value: price €24.11, fair value €23.63, a gap of about −2% (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 0GE4?
No. The price is what the market pays today (€24.11); the fair value is what the company's own numbers justify (€23.63). For United Internet AG the two are €0.4800 per share apart. That gap is exactly why we show both numbers side by side.
How much is United Internet AG worth?
The market values United Internet AG at about €6.9B (market capitalisation, as of Oct 3, 2026). Per share that is €24.11; our models calculate a fair value of €23.63 per share.
What do the bullish and bearish scenarios say about 0GE4?
Our models span a range for United Internet AG: cautious scenario €16.44, base €23.63, optimistic €31.71 per share (as of Oct 3, 2026, price €24.11). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of United Internet AG (0GE4)?
Balance-sheet figures for United Internet AG (as of Oct 3, 2026): return on equity 7.1%, debt of 0.24 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 0GE4 from its 52-week high?
United Internet AG trades at €24.11, about 17% below its 52-week high of €29.21 and 5% above the low of €22.87 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €23.63 is for.
Which stocks are comparable to United Internet AG?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 United Internet AG stock attractive at the current price?
The data as of Oct 3, 2026: price €24.11, calculated fair value €23.63 (−2%), Quality Score 54/100, from 25 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 0GE4 calculated?
We run United Internet AG through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €23.63, 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 14.5 % above its aggregate fair value. United Internet 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 United Internet AG (0GE4)?
The closing price on Oct 2, 2026 was €24.11. Our model-based fair value is €23.63, about −2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with United Internet AG right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (€16.44 to €31.71) 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 United Internet AG
How large is the market capitalisation of United Internet AG (0GE4)?
The market capitalisation of United Internet AG is €6.9B. 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 United Internet AG (0GE4)?
The price-to-sales ratio of United Internet AG is 1.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of United Internet AG (0GE4)?
The dividend yield of United Internet AG is 2.1%. 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 United Internet AG (0GE4)?
The net margin of United Internet AG is 5.4% (fiscal year 2020). 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 United Internet AG (0GE4)?
The return on equity (ROE) of United Internet AG is 7.1% (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 United Internet AG (0GE4)?
On an EBIT basis the return on assets of United Internet AG is 10.7% (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 United Internet AG (0GE4)?
The operating margin of United Internet AG is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at United Internet AG (0GE4)?
Revenue at United Internet AG is growing +2.1% versus a year earlier (3y avg +8.5%). 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 United Internet AG (0GE4)?
Earnings per share at United Internet AG are growing +12.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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