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DBV Technologies S.A (0QAJ) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of DBV Technologies S.A €2.53, price €1.91, upside +32.2%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Healthcare · GB · ISIN US23306J1016

DT Thin data Sep 24, 2026

DBV Technologies S.A

0QAJ · LSE

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value €2.53 · Undervalued (+32.2%)
!Quality 41/100
!Weak Growth (revenue 3y −5.7 %/yr)
!Narrow moat 6/100
!Evidence only low, so the estimate is less certain

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

€10.15 €0.5160 Fair Value €2.53 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range €0.5160 – €10.15 · fair‑value band €1.67 – €3.16 · the €1.91 price screens below the €2.53 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

DBV Technologies S.A., a clinical-stage biopharmaceutical company, engages in the research and development of epicutaneous immunotherapy products in France.

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DBV Technologies S.A., a clinical-stage biopharmaceutical company, engages in the research and development of epicutaneous immunotherapy products in France. Its product pipeline comprising Viaskin Peanut, an immunotherapy product, which has completed Phase 3 clinical trial for the treatment of peanut allergies; and Viaskin Milk which is in Phase 1/2 clinical trial for the treatment of immunoglobulin E (IgE) mediated or cow's milk protein allergy and eosinophilic esophagitis. The company's earlier stage research programs include celiac disease. In addition, the company develops Viaskin technology platform, a platform to potentially treat food allergy. It has a collaboration with Nestlé Health Science to develop MAG1C, a ready-to-use atopy patch test for the diagnosis of non-IgE mediated CMPA in infants and toddlers. DBV Technologies S.A. was incorporated in 2002 and is headquartered in Châtillon, France.

Stock analysis

DBV Technologies S.A (0QAJ) currently trades at €1.91, while our model-based Fair Value estimate is €2.53, implying the stock looks roughly 24.4% undervalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 91/100, which puts the evidence level at low.

Scenario range: €1.67 (bear) to €3.16 (bull), the price of €1.91 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 41/100 (below-average quality), in the Healthcare sector.

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

DBV Technologies S.A reported revenue of €11.3M in FY2020 versus €10.3M in FY2016, a compound +2.4%/yr. Reported net income was −€160M in FY2020.

Key figures

Market cap €148M · P/S ratio 29.3 · Return on equity −143% · Return on assets (EBIT) −68.0% · Operating margin −7,229% · Revenue (TTM) €5.0M · Revenue growth (YoY) −53.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).

What moves the price

The share trades about 55% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at 10% fair-value upside, at 32%, 0QAJ screens cheaper than that median.

Fair Value models

Bear €1.67 Fair Value €2.53 Bull €3.16
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.
Highest evidence
NCAV (Graham) €1.33 €1.78 €2.66 51
All 1 models by family
Asset-Based
NCAV (Graham) €1.33 €1.78 €2.66 51

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Quality Score breakdown

Overall quality 41/100

Of which business quality 44 · Market factors (momentum, volatility) 22

Profitability 2
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)

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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
−23.3%
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.
−5.7%
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.
−1,277.3% (2016) → −1,408.7% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

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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 Biotechnology stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $527.67 $580.44 +10%
Regeneron Pharmaceuticals, Inc REGN $752.25 $1,275 +69%
argenx SE ARGX $959.49 $918.60 −4%
CSL Limited CSL A$175.35 A$192.89 +10%
Samsung Biologics Co 207940 1,354,000 KRW 1,489,400 KRW +10%
BeOne Medicines AG ONC $360.85 $280.94 −22%
Alnylam Pharmaceuticals, Inc ALNY $255.96 $217.88 −15%
Royalty Pharma plc RPRX $58.21 $19.01 −67%
Celltrion, Inc 068270 177,400 KRW 74,519 KRW −58%
WuXi Biologics (Cayman) Inc 2269 HK$53.00 HK$58.30 +10%

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DBV Technologies S.A · Fair Value
€2.53 +24%Fair Value
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Cite: Fair Value Calculator (2026). "DBV Technologies S.A Fair Value". https://www.fairvalue-calculator.com/stock/0QAJ

Frequently asked questions

Is DBV Technologies S.A (0QAJ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €2.53 versus a price of €1.91, about +32% upside (undervalued).
What is the fair value of 0QAJ?
Our model-based fair value for DBV Technologies S.A is €2.53 (as of Sep 24, 2026), built from audited fundamentals. The current price: €1.91.
What is the quality score of 0QAJ?
DBV Technologies S.A has a Quality Score of 41/100. 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 DBV Technologies S.A (0QAJ)?
Our model-based price target is the fair value of €2.53 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario €1.67, optimistic scenario €3.16. It is a calculation from audited fundamentals, not an analyst target.
What is the DBV Technologies S.A stock forecast for 2026?
Our models put fair value at €2.53, about +32% upside versus a price of €1.91 (undervalued). Cautious scenario €1.67, optimistic scenario €3.16. The calculation is refreshed regularly with new filings.
What is the revenue of DBV Technologies S.A (0QAJ)?
DBV Technologies S.A reported trailing-twelve-month revenue of about €5.0M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of DBV Technologies S.A (0QAJ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DBV Technologies S.A it is €2.53 per share (as of Sep 24, 2026), against a price of €1.91. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is DBV Technologies S.A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0QAJ trades below its calculated fair value: price €1.91, fair value €2.53, a gap of about +32% (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 0QAJ?
No. The price is what the market pays today (€1.91); the fair value is what the company's own numbers justify (€2.53). For DBV Technologies S.A the two are €0.6165 per share apart. That gap is exactly why we show both numbers side by side.
How much is DBV Technologies S.A worth?
The market values DBV Technologies S.A at about €148M (market capitalisation, as of Sep 24, 2026). Per share that is €1.91; our models calculate a fair value of €2.53 per share.
What do the bullish and bearish scenarios say about 0QAJ?
Our models span a range for DBV Technologies S.A: cautious scenario €1.67, base €2.53, optimistic €3.16 per share (as of Sep 24, 2026, price €1.91). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0QAJ from its 52-week high?
DBV Technologies S.A trades at €1.91, about 55% below its 52-week high of €4.27 and at the low of €1.91 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €2.53 is for.
Which stocks are comparable to DBV Technologies S.A?
From the same area (Healthcare) we also value Vertex Pharmaceuticals Incorporated, Regeneron Pharmaceuticals, Inc, argenx SE, CSL 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 DBV Technologies S.A stock attractive at the current price?
The data as of Sep 24, 2026: price €1.91, calculated fair value €2.53 (+32%), Quality Score 41/100, from 1 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 0QAJ calculated?
We run DBV Technologies S.A through 1 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 €2.53, 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. DBV Technologies S.A currently trades 24 % 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 DBV Technologies S.A (0QAJ)?
The closing price on Oct 2, 2026 was €1.91. Our model-based fair value is €2.53, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DBV Technologies S.A right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (€1.67 to €3.16) leaves room in how you read the outcome.

Key figures of DBV Technologies S.A

How large is the market capitalisation of DBV Technologies S.A (0QAJ)?
The market capitalisation of DBV Technologies S.A is €148M. 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 DBV Technologies S.A (0QAJ)?
The price-to-sales ratio of DBV Technologies S.A is 29.3 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the return on equity of DBV Technologies S.A (0QAJ)?
The return on equity (ROE) of DBV Technologies S.A is −143% (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 DBV Technologies S.A (0QAJ)?
On an EBIT basis the return on assets of DBV Technologies S.A is −68.0% (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 DBV Technologies S.A (0QAJ)?
The operating margin of DBV Technologies S.A is −7,229% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DBV Technologies S.A (0QAJ)?
Revenue at DBV Technologies S.A is growing −53.3% versus a year earlier (3y avg −5.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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