Asseco Business Solutions S.A. (ABS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Asseco Business Solutions S.A. PLN 94.38, price PLN 85.80, upside +10.0%, quality 86 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 23.33 PLN – 91.60 PLN · fair‑value band 64.99 PLN – 140.11 PLN · the 85.80 PLN price screens below the 94.38 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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Asseco Business Solutions S.A. designs and develops enterprise software solutions in Poland and internationally. The company offers enterprise resource planning (ERP) systems, including softlab ERP, macrologic ERP, and wapro ERP for business management of large, medium, and small enterprises, as well as business cloud solutions.
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Asseco Business Solutions S.A. designs and develops enterprise software solutions in Poland and internationally. The company offers enterprise resource planning (ERP) systems, including softlab ERP, macrologic ERP, and wapro ERP for business management of large, medium, and small enterprises, as well as business cloud solutions. It also provides mobile touch, a sales force automation solution; connector, a data integration and management platform, as well as faktor, a factoring solution; and direct portal, an online store platform. In addition, the company offers e-commerce platforms, such as e-commerce standard and e-commerce enterprise; and Faktor, a system designed to support factoring transactions of banks and financial institutions. It serves FMCG, food production, retail, wholesale, construction, automotive, furniture, electrotechnology, and steel industries, as well as HR in logistics and accounting firms. The company was founded in 2001 and is based in Lublin, Poland.
Stock analysis
Asseco Business Solutions S.A. (ABS) currently trades at 85.80 PLN, while our model-based Fair Value estimate is 94.38 PLN, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 82.59 PLN per share, and 8 of the 26 models we run sit above the 85.80 PLN price.
Bear case: the Economic Profit group reads lowest at 24.87 PLN, and 18 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 64.99 PLN (bear) to 140.11 PLN (bull), the price of 85.80 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 86/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Asseco Business Solutions S.A. reported revenue of 477M PLN in FY2025 versus 307M PLN in FY2021, a compound +11.6%/yr. Reported net income was 133M PLN in FY2025, compounding +13.3%/yr from FY2021.
Key figures
Market cap 2.8B PLN (≈ $736M) · P/E ratio 19.2 · P/S ratio 5.36 · EPS (TTM) 4.46 PLN · Dividend yield 3.8% · Net margin 27.9% · Return on equity 34.3% · Return on assets (EBIT) 22.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at 10%, ABS screens cheaper than that median.
Fair Value models
Bear 64.99 PLNFair Value 94.38 PLNBull 140.11 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 (3.26 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.93/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.2%
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.
+12.1%
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.
+11.1%
Start year 2020 (pandemic). Over 10 years: +12.1% a year
Revenue growth 17 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.
+6.3%
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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. Basis: EBIT basis.
+13.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.5%
Dividend (yield on the price)3.8%
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.12% vs 15%, 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.33% → 30%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+8.7%
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 +5.4% a year for the price.
Compare Asseco Business Solutions S.A. with another stock
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.Software - Application · 710 stocks
Beats the industry median on 13/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score86 · Top 25%
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)34% · Top 25%
Return on assets18% · Top 25%
Net margin (TTM)30% · Top 25%
Operating margin (TTM)36% · Top 25%
Growth and dividend
Revenue growth21% · Above median
Dividend yield (TTM)3.8% · Above median
Valuation Multiplesvs Software - Application 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). "Asseco Business Solutions S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ABS
Frequently asked questions
Is Asseco Business Solutions S.A. (ABS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 94.38 PLN versus a price of 85.80 PLN, about +10% upside (undervalued).
What is the fair value of ABS?
Our model-based fair value for Asseco Business Solutions S.A. is 94.38 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 85.80 PLN.
What is the quality score of ABS?
Asseco Business Solutions S.A. has a Quality Score of 86/100. 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 Asseco Business Solutions S.A. (ABS)?
Our model-based price target is the fair value of 94.38 PLN (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 64.99 PLN, optimistic scenario 140.11 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Asseco Business Solutions S.A. stock forecast for 2026?
Our models put fair value at 94.38 PLN, about +10% upside versus a price of 85.80 PLN (undervalued). Cautious scenario 64.99 PLN, optimistic scenario 140.11 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Asseco Business Solutions S.A. (ABS)?
Asseco Business Solutions S.A. reported trailing-twelve-month revenue of about 499M PLN (latest available figure, as of Sep 24, 2026).
Does Asseco Business Solutions S.A. pay a dividend?
Asseco Business Solutions S.A. currently shows a dividend yield of about 3.78% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Asseco Business Solutions S.A. (ABS)?
For today's price to be fair in a discounted-cash-flow model, Asseco Business Solutions S.A. would have to grow free cash flow by +8.7 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ABS use?
Our models discount Asseco Business Solutions S.A. at 10.6 %: a base by market capitalisation (small), damped by beta 0.34, 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 Asseco Business Solutions S.A. that is +8.7 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Asseco Business Solutions S.A. (ABS) delivered so far?
Over the past 5 years revenue at Asseco Business Solutions S.A. grew +11.1 % a year. The price currently implies +8.7 % 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 Asseco Business Solutions S.A. (ABS) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Asseco Business Solutions S.A. (+8.7 % 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 Asseco Business Solutions S.A. (ABS)?
The free-cash-flow yield on the price is 5.81 %: that much free cash flow Asseco Business Solutions S.A. produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Asseco Business Solutions S.A. (ABS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asseco Business Solutions S.A. it is 94.38 PLN per share (as of Sep 24, 2026), against a price of 85.80 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Asseco Business Solutions S.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ABS trades below its calculated fair value: price 85.80 PLN, fair value 94.38 PLN, a gap of about +10% (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 ABS?
No. The price is what the market pays today (85.80 PLN); the fair value is what the company's own numbers justify (94.38 PLN). For Asseco Business Solutions S.A. the two are 8.58 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Asseco Business Solutions S.A. worth?
The market values Asseco Business Solutions S.A. at about 2.8B PLN (market capitalisation, as of Sep 24, 2026). Per share that is 85.80 PLN; our models calculate a fair value of 94.38 PLN per share.
What do the bullish and bearish scenarios say about ABS?
Our models span a range for Asseco Business Solutions S.A.: cautious scenario 64.99 PLN, base 94.38 PLN, optimistic 140.11 PLN per share (as of Sep 24, 2026, price 85.80 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ABS?
Asseco Business Solutions S.A. trades at a price-to-earnings ratio of 19.2 (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 94.38 PLN is built from several models across several years. Other multiples: P/B 1.7, P/S 1.5, EV/EBITDA 3.8.
How solid is the balance sheet of Asseco Business Solutions S.A. (ABS)?
Balance-sheet figures for Asseco Business Solutions S.A. (as of Sep 24, 2026): return on equity 34.3%. They feed the Quality Score of 86/100, which measures business quality independently of the share price.
How far is ABS from its 52-week high?
Asseco Business Solutions S.A. trades at 85.80 PLN, about 6% below its 52-week high of 91.60 PLN and 26% above the low of 68.09 PLN (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 94.38 PLN is for.
Which stocks are comparable to Asseco Business Solutions S.A.?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 Asseco Business Solutions S.A. stock attractive at the current price?
The data as of Sep 24, 2026: price 85.80 PLN, calculated fair value 94.38 PLN (+10%), Quality Score 86/100, 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 ABS calculated?
We run Asseco Business Solutions S.A. 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 94.38 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. Asseco Business Solutions S.A. currently trades 10 % 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 Asseco Business Solutions S.A. (ABS)?
The closing price on Sep 23, 2026 was 85.80 PLN. Our model-based fair value is 94.38 PLN, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asseco Business Solutions S.A. right now?
A fairly wide model range (64.99 PLN to 140.11 PLN) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Asseco Business Solutions S.A. (ABS) come from?
Earnings per share at Asseco Business Solutions S.A. grew +14.3 % a year from 2013 to 2024. Broken into its drivers: revenue per share +11.2 %, EBIT margin +2.1 %, tax rate +1.1 %, residual (interest, one-offs) −0.4 %. 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 Asseco Business Solutions S.A.
How large is the market capitalisation of Asseco Business Solutions S.A. (ABS)?
The market capitalisation of Asseco Business Solutions S.A. is 2.8B PLN (≈ $736M). 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 Asseco Business Solutions S.A. (ABS)?
The price-to-sales ratio of Asseco Business Solutions S.A. is 5.36 (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 Asseco Business Solutions S.A. (ABS)?
Earnings per share at Asseco Business Solutions S.A. are 4.46 PLN (price ÷ EPS = P/E 19.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Asseco Business Solutions S.A. (ABS)?
The dividend yield of Asseco Business Solutions S.A. is 3.8% (payout 72.7%). 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 Asseco Business Solutions S.A. (ABS)?
The net margin of Asseco Business Solutions S.A. is 27.9% (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 Asseco Business Solutions S.A. (ABS)?
The return on equity (ROE) of Asseco Business Solutions S.A. is 34.3% (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 Asseco Business Solutions S.A. (ABS)?
On an EBIT basis the return on assets of Asseco Business Solutions S.A. is 22.8% (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 Asseco Business Solutions S.A. (ABS)?
The operating margin of Asseco Business Solutions S.A. is 35.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asseco Business Solutions S.A. (ABS)?
Revenue at Asseco Business Solutions S.A. is growing +20.6% versus a year earlier (3y avg +12.1%). 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 Asseco Business Solutions S.A. (ABS)?
Earnings per share at Asseco Business Solutions S.A. are growing +50.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Asseco Business Solutions S.A. (ABS) carry?
The net debt of Asseco Business Solutions S.A. is 8.6M PLN (fiscal year 2024, ≈ 0.1 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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