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2invest AG (2INV) Fair Value & Analysis

Financial Services · DE · Market cap €43.5M

2A 2invest AG 2INV · F
Price€8.06
Fair Value€13.32
Upside+65.3%
Quality69/100
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Mixed Growth
Highly profitable · 38.2% net margin
generates free cash flow
Mixed vs. peers (6/11)
Moderate moat 57/100
Evidence: High Range €9.99 – €16.65 Share as image

Fair value as of: Aug 19, 2026

From 2 valuation models · updated yesterday

Share price −1.7% over the past month.

A solid business, screening 65% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€9.99). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€13.40 €5.55 Fair Value €13.32 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range €5.55 – €13.40 · fair‑value band €9.99 – €16.65 · the €8.06 price screens below the €13.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

2invest AG (2INV) currently trades at €8.06, while our model-based Fair Value estimate is €13.32, implying the stock looks roughly 65.3% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, 2invest AG generated revenue of €8.9M at a net margin of 38.2%. Revenue declined 74.8% year over year. It earns a return on equity of 4.0%. The stock trades on a trailing P/E of 13.7. Fundamentals as of Aug 19, 2026

Our scenario range runs from €9.99 (bear case) to €16.65 (bull case); at €8.06, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -33% fair-value upside, at 65%, 2INV screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
P/B Multiple €9.99 €13.32 €16.65 55
NCAV (Graham) €7.84 €10.50 €15.67 50
All 2 models by family
Multiples
P/B Multiple €9.99 €13.32 €16.65 55
Asset-Based
NCAV (Graham) €7.84 €10.50 €15.67 50

Widest divergence: Multiples (€13.32) versus Asset-Based (€10.50). Highest evidence: P/B Multiple (55).

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Key figures & financial health

Revenue (TTM) €8.9M
Revenue growth (YoY) -74.8%
Net margin 38.2%
Return on equity 4.0%
Free cash flow €12.8M FY2025
P/E ratio 13.7
More key figures
Operating margin 75.0%
EPS (TTM) €0.5900
EPS growth (YoY) -94.7%

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 35

Profitability 33
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

2invest AG, is an investment company specializing in investments in capital and partnerships in the biotechnology, life science, IT sectors, and natural resources sectors in Germany and internationally. The company invests in both listed and unlisted securities. The company was formerly known as 4basebio AG and changed its name to 2invest AG in January 2021.

Full company description

2invest AG, is an investment company specializing in investments in capital and partnerships in the biotechnology, life science, IT sectors, and natural resources sectors in Germany and internationally. The company invests in both listed and unlisted securities. The company was formerly known as 4basebio AG and changed its name to 2invest AG in January 2021. 2invest AG was founded in 1997 and is based in Heidelberg, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2invest AG reported revenue of €1.1M in FY2025 versus €0 in FY2021. Reported net income was €3.4M in FY2025.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€1.1M
Latest YoY
+26.4%
Revenue
FY21 €0
FY22 €0
FY23 €81.0K
FY24 €907K
FY25 €1.1M
Net income
FY21 −€1.9M
FY22 −€21.0M
FY23 €1.6M
FY24 €22.2M
FY25 €3.4M

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Cite: Fair Value Calculator (2026). "2invest AG Fair Value". https://www.fairvalue-calculator.com/stock/2INV

Peer Group

Asset Management · 706 stocks

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.

Quality Score 68 · Top 25%
Fair Value upside +65% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 0% · Below median
Net margin (TTM) 38% · Above median
Operating margin (TTM) 75% · Above median
Revenue growth -75% · Bottom 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 13.7× · Pricier than median
P/B 0.59× · Cheaper than median
P/S (TTM) 5.72× · Pricier than median
P/FCF 4.0× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 38
FUTURE0 · sector 13
PAST16 · sector 24
HEALTH0 · sector 95
DIVIDEND0 · sector 77

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

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Jio Financial Services Limited JIOFIN ₹256.05 ₹171.84 -33%
Bajaj Holdings BAJAJHLDNG ₹11,294 ₹11,257 -0%
HDFC Asset Management Company HDFCAMC ₹2,490 ₹866.78 -65%
Nippon Life Asset Management Limited NAMINDIA ₹1,182 ₹311.00 -74%

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Frequently asked questions

Is 2invest AG (2INV) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of €13.32 versus a price of €8.06, about +65% (undervalued).
What is the fair value of 2INV?
Our model-based fair value for 2invest AG is €13.32 (as of Aug 19, 2026), built from audited fundamentals. The current price: €8.06.
What is the quality score of 2INV?
2invest AG has a Quality Score of 69/100. 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 revenue of 2invest AG (2INV)?
2invest AG reported trailing-twelve-month revenue of about €8.9M (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 2INV?
The net profit margin of 2invest AG is about 38.2%, meaning it keeps roughly 38.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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