Lang & Schwarz AG (0RS1) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Lang & Schwarz AG €18.82, price €15.50, upside +21.4%, quality 64 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 Sep 24, 2026.
How to read this chart
60‑month range €2.75 – €29.70 · fair‑value band €13.17 – €40.94 · the €15.50 price screens below the €18.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Lang & Schwarz, together with its subsidiaries, engages in the development and issuance of derivative financial instruments in Germany. The company operates a platform for over-the-counter trading, which allows customers to trade in shares, funds, bonds, and ETPs; and LS Exchange, an electronic trading system.
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Lang & Schwarz, together with its subsidiaries, engages in the development and issuance of derivative financial instruments in Germany. The company operates a platform for over-the-counter trading, which allows customers to trade in shares, funds, bonds, and ETPs; and LS Exchange, an electronic trading system. It also provides IT services, hardware and software and maintenance services, and technical trading venue connection areas. The company was founded in 1996 and is headquartered in Düsseldorf, Germany.
Stock analysis
Lang & Schwarz AG (0RS1) currently trades at €15.50, while our model-based Fair Value estimate is €18.82, implying the stock looks roughly 17.6% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €27.46 per share, and 11 of the 26 models we run sit above the €15.50 price.
Bear case: the Economic Profit group reads lowest at €2.98, and 15 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: €13.17 (bear) to €40.94 (bull), the price of €15.50 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 64/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lang & Schwarz AG reported revenue of €1.2B in FY2025 versus €839M in FY2021, a compound +9.4%/yr. Reported net income was €48.4M in FY2025, compounding +23.3%/yr from FY2021.
Key figures
Market cap €146M · P/E ratio 0.1 · EPS (TTM) €2.22 · Net margin 4.0% · Return on equity 63.6% · Return on assets (EBIT) 26.0% · Operating margin 9.6% · Revenue (TTM) €1.2B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −40% fair-value upside, at 21%, 0RS1 screens cheaper than that median.
Fair Value models
Bear €13.17Fair Value €18.82Bull €40.94
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€1.68 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.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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+62.4%
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.
+16.8%
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.
+11.6%
Start year 2020 (pandemic). Over 10 years: +17.0% a year
Revenue growth 19 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.
+25.0%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+23.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.3%
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.35.7% vs 25.5%, picking up
Profit margin 2019 to 2024 ⓘ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.2% → 7%
2025 sits 452% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Trading Companies & Distributors” was too small, so the broader sector is used.)Industrials · 5288 stocks
Beats the sector median on 8/10 measures
Overall it ranks above its sector peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+21.4% · Above median
Profitability
Return on equity (TTM)63.6% · Top 25%
Return on assets4.7% · Above median
Net margin (TTM)4.1% · Below median
Operating margin (TTM)9.6% · Above median
Growth and dividend
Revenue growth109.0% · Top 25%
Dividend yield (TTM)21.5% · Top 25%
Balance sheet
Debt / equity1.06× · Highest 25%
Valuation Multiplesvs Industrials 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). "Lang & Schwarz AG Fair Value". https://www.fairvalue-calculator.com/stock/0RS1
Frequently asked questions
Is Lang & Schwarz AG (0RS1) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €18.82 versus a price of €15.50, about +21% upside (undervalued).
What is the fair value of 0RS1?
Our model-based fair value for Lang & Schwarz AG is €18.82 (as of Sep 24, 2026), built from audited fundamentals. The current price: €15.50.
What is the quality score of 0RS1?
Lang & Schwarz AG has a Quality Score of 64/100. 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 Lang & Schwarz AG (0RS1)?
Our model-based price target is the fair value of €18.82 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario €13.17, optimistic scenario €40.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Lang & Schwarz AG stock forecast for 2026?
Our models put fair value at €18.82, about +21% upside versus a price of €15.50 (undervalued). Cautious scenario €13.17, optimistic scenario €40.94. The calculation is refreshed regularly with new filings.
What is the revenue of Lang & Schwarz AG (0RS1)?
Lang & Schwarz AG reported trailing-twelve-month revenue of about €1.2B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Lang & Schwarz AG (0RS1)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lang & Schwarz AG it is €18.82 per share (as of Sep 24, 2026), against a price of €15.50. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Lang & Schwarz AG stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0RS1 trades below its calculated fair value: price €15.50, fair value €18.82, a gap of about +21% (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 0RS1?
No. The price is what the market pays today (€15.50); the fair value is what the company's own numbers justify (€18.82). For Lang & Schwarz AG the two are €3.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lang & Schwarz AG worth?
The market values Lang & Schwarz AG at about €146M (market capitalisation, as of Sep 24, 2026). Per share that is €15.50; our models calculate a fair value of €18.82 per share.
What do the bullish and bearish scenarios say about 0RS1?
Our models span a range for Lang & Schwarz AG: cautious scenario €13.17, base €18.82, optimistic €40.94 per share (as of Sep 24, 2026, price €15.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0RS1?
Lang & Schwarz AG trades at a price-to-earnings ratio of 0.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €18.82 is built from several models across several years.
How solid is the balance sheet of Lang & Schwarz AG (0RS1)?
Balance-sheet figures for Lang & Schwarz AG (as of Sep 24, 2026): return on equity 63.6%, debt of 1.06 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 0RS1 from its 52-week high?
Lang & Schwarz AG trades at €15.50, about 48% below its 52-week high of €29.70 and 4% above the low of €14.92 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €18.82 is for.
Which stocks are comparable to Lang & Schwarz AG?
From the same area (Industrials) we also value 534755, SCTL, Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, 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 Lang & Schwarz AG stock attractive at the current price?
The data as of Sep 24, 2026: price €15.50, calculated fair value €18.82 (+21%), Quality Score 64/100, 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 0RS1 calculated?
We run Lang & Schwarz AG through 26 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 €18.82, 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. Lang & Schwarz AG currently trades 18 % 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 Lang & Schwarz AG (0RS1)?
The closing price on Oct 2, 2026 was €15.50. Our model-based fair value is €18.82, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lang & Schwarz AG right now?
The model range is unusually wide (€13.17 to €40.94). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Lang & Schwarz AG (0RS1) come from?
Earnings per share at Lang & Schwarz AG grew +19.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.6 %, EBIT margin +1.1 %, tax rate −2.3 %, residual (interest, one-offs) +5.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Lang & Schwarz AG
How large is the market capitalisation of Lang & Schwarz AG (0RS1)?
The market capitalisation of Lang & Schwarz AG is €146M. 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 are the earnings per share of Lang & Schwarz AG (0RS1)?
Earnings per share at Lang & Schwarz AG are €2.22 (price ÷ EPS = P/E 0.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Lang & Schwarz AG (0RS1)?
The net margin of Lang & Schwarz AG is 4.0% (fiscal year 2025). 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 Lang & Schwarz AG (0RS1)?
The return on equity (ROE) of Lang & Schwarz AG is 63.6% (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 Lang & Schwarz AG (0RS1)?
On an EBIT basis the return on assets of Lang & Schwarz AG is 26.0% (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 Lang & Schwarz AG (0RS1)?
The operating margin of Lang & Schwarz AG is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lang & Schwarz AG (0RS1)?
Revenue at Lang & Schwarz AG is growing +109% versus a year earlier (3y avg +16.8%). 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 Lang & Schwarz AG (0RS1)?
Earnings per share at Lang & Schwarz AG are growing −37.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lang & Schwarz AG (0RS1) generate?
The free cash flow of Lang & Schwarz AG is €300M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Lang & Schwarz AG (0RS1) hold?
Lang & Schwarz AG holds more cash than debt, €150M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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