AB S.A. (ABE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of AB S.A. PLN 217, price PLN 151, upside +43.5%, quality 53 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 30.41 PLN – 156.00 PLN · fair‑value band 134.09 PLN – 282.34 PLN · the 151.40 PLN price screens below the 217.19 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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AB S.A., together with its subsidiaries, distributes IT products primarily in Poland, the Czech Republic, and Slovakia.
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AB S.A., together with its subsidiaries, distributes IT products primarily in Poland, the Czech Republic, and Slovakia. It engages in the wholesale trade of computers, computer hardware, toys, multimedia, electronic equipment, audiovisual equipment, and household appliances; licensing of computer programs; retail trade in computer hardware; toys; manufacturing of personal computers; leasing of warehouses; and logistics activities. The company also offers IT devices; servers and networks; phones and GPS; photos and optics; household goods; TV sets, home cinema sets, car stereos, voice recorders, Hi-Fi equipment, multimedia players, and blueray / DVD players; office equipment and supplies, computers, monitors, printers, scanners, consumables, and software products; lighting products; fitness and sport products; and construction and assembly, protective clothing, power tools, and hand tools. In addition, it provides automotive products and accessories, including breathalyzers, cameras and parking sensors, navigation, car recorders, car audio equipment, multimedia stations, CB radios, and hands-free kits, as well as power supplies and chargers; and home products comprising assistants, control panels, sensors, controllers, triggers, and light sources for configuration of an intelligent building. Further, the company offers facility monitoring products, such as alarms, sensors, intercoms / videophones, wired and wireless cameras, recorders and monitoring sets, as well as gardening tools, mowers and sprayers, garden furniture, and barbecues; and marketing, financing, and training services. AB S.A. was founded in 1990 and is headquartered in Magnice, Poland.
Stock analysis
AB S.A. (ABE) currently trades at 151.40 PLN, while our model-based Fair Value estimate is 217.19 PLN, implying the stock looks roughly 30.3% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 228.89 PLN per share, and 15 of the 25 models we run sit above the 151.40 PLN price.
Bear case: the Dividend Discount group reads lowest at 38.67 PLN, and 10 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: 134.09 PLN (bear) to 282.34 PLN (bull), the price of 151.40 PLN 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 53/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
AB S.A. reported revenue of 14.9B PLN in FY2025 versus 14.0B PLN in FY2021, a compound +1.6%/yr. Reported net income was 174M PLN in FY2025, compounding +3.6%/yr from FY2021.
Key figures
Market cap 2.4B PLN (≈ $619M) · P/E ratio 11.5 · P/S ratio 0.13 · EPS (TTM) 13.22 PLN · Dividend yield 4.3% · Net margin 1.2% · Return on equity 13.9% · Return on assets (EBIT) 7.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 3% below its 52-week high and 70% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at 43%, ABE screens cheaper than that median.
Fair Value models
Bear 134.09 PLNFair Value 217.19 PLNBull 282.34 PLN
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 (4.95 PLN 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.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.63/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.9%
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.
−0.6%
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.
+2.7%
Start year 2020 (pandemic). Over 10 years: +7.1% a year
Revenue growth 20 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.
+14.6%
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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.
+12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.7%
Dividend (yield on the price)4.3%
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.8% vs 10%, steady
Profit margin 2020 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.1% → 2%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +11.5% a year for the price.
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.Electronics & Computer Distribution · 156 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+44% · Top 25%
Profitability
Return on equity (TTM)14% · Above median
Return on assets5% · Above median
Net margin (TTM)1% · Below median
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth8% · Below median
Dividend yield (TTM)4.3% · Above median
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Electronics & Computer Distribution 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). "AB S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ABE
Frequently asked questions
Is AB S.A. (ABE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 217.19 PLN versus a price of 151.40 PLN, about +43% upside (undervalued).
What is the fair value of ABE?
Our model-based fair value for AB S.A. is 217.19 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 151.40 PLN.
What is the quality score of ABE?
AB S.A. has a Quality Score of 53/100. 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 AB S.A. (ABE)?
Our model-based price target is the fair value of 217.19 PLN (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 134.09 PLN, optimistic scenario 282.34 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the AB S.A. stock forecast for 2026?
Our models put fair value at 217.19 PLN, about +43% upside versus a price of 151.40 PLN (undervalued). Cautious scenario 134.09 PLN, optimistic scenario 282.34 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of AB S.A. (ABE)?
AB S.A. reported trailing-twelve-month revenue of about 15.6B PLN (latest available figure, as of Sep 24, 2026).
Does AB S.A. pay a dividend?
AB S.A. currently shows a dividend yield of about 4.26% relative to its recent price (as of Sep 24, 2026).
What growth is priced into AB S.A. (ABE)?
For today's price to be fair in a discounted-cash-flow model, AB S.A. would have to grow free cash flow by +15.0 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ABE use?
Our models discount AB S.A. at 10.8 %: a base by market capitalisation (small), damped by beta 0.58, country premium for Poland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AB S.A. that is +15.0 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has AB S.A. (ABE) delivered so far?
Over the past 5 years revenue at AB S.A. grew +2.7 % a year. The price currently implies +15.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AB S.A. (ABE) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into AB S.A. (+15.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AB S.A. (ABE)?
The free-cash-flow yield on the price is 4.35 %: that much free cash flow AB S.A. produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AB S.A. (ABE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AB S.A. it is 217.19 PLN per share (as of Sep 24, 2026), against a price of 151.40 PLN. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is AB S.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ABE trades below its calculated fair value: price 151.40 PLN, fair value 217.19 PLN, a gap of about +43% (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 ABE?
No. The price is what the market pays today (151.40 PLN); the fair value is what the company's own numbers justify (217.19 PLN). For AB S.A. the two are 65.79 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is AB S.A. worth?
The market values AB S.A. at about 2.4B PLN (market capitalisation, as of Sep 24, 2026). Per share that is 151.40 PLN; our models calculate a fair value of 217.19 PLN per share.
What do the bullish and bearish scenarios say about ABE?
Our models span a range for AB S.A.: cautious scenario 134.09 PLN, base 217.19 PLN, optimistic 282.34 PLN per share (as of Sep 24, 2026, price 151.40 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ABE?
AB S.A. trades at a price-to-earnings ratio of 11.5 (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 217.19 PLN is built from several models across several years. Other multiples: PEG 0.5, P/B 0.4, P/S 0.0, EV/EBITDA 1.8.
What is the PEG ratio of ABE?
The PEG ratio of AB S.A. is 0.51 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of AB S.A. (ABE)?
Balance-sheet figures for AB S.A. (as of Sep 24, 2026): return on equity 13.9%, debt of 0.07 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is ABE from its 52-week high?
AB S.A. trades at 151.40 PLN, about 3% below its 52-week high of 156.00 PLN and 70% above the low of 89.16 PLN (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 217.19 PLN is for.
Which stocks are comparable to AB S.A.?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, Arrow Electronics, 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 AB S.A. stock attractive at the current price?
The data as of Sep 24, 2026: price 151.40 PLN, calculated fair value 217.19 PLN (+43%), Quality Score 53/100, 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 ABE calculated?
We run AB S.A. 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 217.19 PLN, 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 14.1 % above its aggregate fair value. AB S.A. currently trades 43 % 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 AB S.A. (ABE)?
The closing price on Sep 23, 2026 was 151.40 PLN. Our model-based fair value is 217.19 PLN, about +43% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AB S.A. right now?
Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (134.09 PLN to 282.34 PLN) leaves room in how you read the outcome.
Where does the earnings growth of AB S.A. (ABE) come from?
Earnings per share at AB S.A. grew +11.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.5 %, EBIT margin +3.8 %, tax rate +0.1 %, residual (interest, one-offs) −1.2 %. 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 AB S.A.
How large is the market capitalisation of AB S.A. (ABE)?
The market capitalisation of AB S.A. is 2.4B PLN (≈ $619M). 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 AB S.A. (ABE)?
The price-to-sales ratio of AB S.A. is 0.13 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AB S.A. (ABE)?
Earnings per share at AB S.A. are 13.22 PLN (price ÷ EPS = P/E 11.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AB S.A. (ABE)?
The dividend yield of AB S.A. is 4.3% (payout 48.8%). 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 AB S.A. (ABE)?
The net margin of AB S.A. is 1.2% (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 AB S.A. (ABE)?
The return on equity (ROE) of AB S.A. is 13.9% (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 AB S.A. (ABE)?
On an EBIT basis the return on assets of AB S.A. is 7.0% (avg 4y). 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 AB S.A. (ABE)?
The operating margin of AB S.A. is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AB S.A. (ABE)?
Revenue at AB S.A. is growing +7.8% versus a year earlier (3y avg −0.6%). 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 AB S.A. (ABE)?
Earnings per share at AB S.A. are growing +18.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AB S.A. (ABE) carry?
The net debt of AB S.A. is 37.8M PLN (fiscal year 2025, ≈ 0.4 yrs of FCF). 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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