Bitcoin Group SE (ADE) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Bitcoin Group SE €38.29, price €28.26, upside +35.5%, quality 28 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 27, 2026.
How to read this chart
60‑month range €17.43 – €69.09 · fair‑value band €28.72 – €47.86 · the €28.26 price screens below the €38.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Bitcoin Group SE, an investment holding company, engages in the cryptocurrency and blockchain businesses internationally. The company operates a trading platform for the digital currencies under the Bitcoin.de. It also provides financial services. The company was founded in 2008 and is based in Herford, Germany.
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Bitcoin Group SE, an investment holding company, engages in the cryptocurrency and blockchain businesses internationally. The company operates a trading platform for the digital currencies under the Bitcoin.de. It also provides financial services. The company was founded in 2008 and is based in Herford, Germany. Bitcoin Group SE is a subsidiary of Priority AG.
Stock analysis
Bitcoin Group SE (ADE) currently trades at €28.26, while our model-based Fair Value estimate is €38.29, implying the stock looks roughly 26.2% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: €28.72 (bear) to €47.86 (bull), the price of €28.26 sits below 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 28/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Bitcoin Group SE reported revenue of €10.0M in FY2025 versus €25.4M in FY2021, a compound −20.7%/yr. Reported net income was −€1.3M in FY2025.
Key figures
Market cap €141M · P/S ratio 11.4 · EPS (TTM) €−0.2600 · Dividend yield 0.4% · Net margin −12.9% · Return on equity −0.5% · Return on assets (EBIT) 1.0% · Operating margin −25.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 35%, ADE screens cheaper than that median.
Fair Value models
Bear €28.72Fair Value €38.29Bull €47.86
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.
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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.2%
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.
+5.1%
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.
−7.7%
Start year 2020 (pandemic). Over 10 years: +29.1% a year
Revenue growth 18 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.
−4.9%
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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.
69.4% (2020) → −26.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Asset Management · 653 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside+35.5% · Above median
Profitability
Return on assets−0.5% · Bottom 25%
Net margin (TTM)−12.9% · Bottom 25%
Operating margin (TTM)−25.1% · Bottom 25%
Growth and dividend
Revenue growth21.1% · Above median
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/B0.72× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Bitcoin Group SE Fair Value". https://www.fairvalue-calculator.com/stock/ADE
Frequently asked questions
Is Bitcoin Group SE (ADE) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of €38.29 versus a price of €28.26, about +35% upside (undervalued).
What is the fair value of ADE?
Our model-based fair value for Bitcoin Group SE is €38.29 (as of Sep 27, 2026), built from audited fundamentals. The current price: €28.26.
What is the quality score of ADE?
Bitcoin Group SE has a Quality Score of 28/100. 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 Bitcoin Group SE (ADE)?
Our model-based price target is the fair value of €38.29 (as of Sep 27, 2026) from 2 valuation models. Cautious scenario €28.72, optimistic scenario €47.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Bitcoin Group SE stock forecast for 2026?
Our models put fair value at €38.29, about +35% upside versus a price of €28.26 (undervalued). Cautious scenario €28.72, optimistic scenario €47.86. The calculation is refreshed regularly with new filings.
What is the revenue of Bitcoin Group SE (ADE)?
Bitcoin Group SE reported trailing-twelve-month revenue of about €10.0M (latest available figure, as of Sep 27, 2026).
Does Bitcoin Group SE pay a dividend?
Bitcoin Group SE currently shows a dividend yield of about 0.35% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Bitcoin Group SE (ADE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bitcoin Group SE it is €38.29 per share (as of Sep 27, 2026), against a price of €28.26. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Bitcoin Group SE stock overvalued or undervalued in 2026?
As of Sep 27, 2026, ADE trades below its calculated fair value: price €28.26, fair value €38.29, a gap of about +35% (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 ADE?
No. The price is what the market pays today (€28.26); the fair value is what the company's own numbers justify (€38.29). For Bitcoin Group SE the two are €10.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bitcoin Group SE worth?
The market values Bitcoin Group SE at about €141M (market capitalisation, as of Sep 27, 2026). Per share that is €28.26; our models calculate a fair value of €38.29 per share.
What do the bullish and bearish scenarios say about ADE?
Our models span a range for Bitcoin Group SE: cautious scenario €28.72, base €38.29, optimistic €47.86 per share (as of Sep 27, 2026, price €28.26). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bitcoin Group SE (ADE)?
Balance-sheet figures for Bitcoin Group SE (as of Sep 27, 2026): return on equity −0.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is ADE from its 52-week high?
Bitcoin Group SE trades at €28.26, about 33% below its 52-week high of €42.04 and 28% above the low of €22.08 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of €38.29 is for.
Which stocks are comparable to Bitcoin Group SE?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, 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 Bitcoin Group SE stock attractive at the current price?
The data as of Sep 27, 2026: price €28.26, calculated fair value €38.29 (+35%), Quality Score 28/100, from 2 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 ADE calculated?
We run Bitcoin Group SE through 2 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 €38.29, 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 13.9 % above its aggregate fair value. Bitcoin Group SE currently trades 35 % 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 Bitcoin Group SE (ADE)?
The closing price on Sep 25, 2026 was €28.26. Our model-based fair value is €38.29, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bitcoin Group SE right now?
The large discount to fair value meets weak quality (28/100). 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. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Bitcoin Group SE
How large is the market capitalisation of Bitcoin Group SE (ADE)?
The market capitalisation of Bitcoin Group SE is €141M. 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 Bitcoin Group SE (ADE)?
The price-to-sales ratio of Bitcoin Group SE is 11.4 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bitcoin Group SE (ADE)?
Earnings per share at Bitcoin Group SE are €−0.2600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bitcoin Group SE (ADE)?
The dividend yield of Bitcoin Group SE is 0.4%. 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 Bitcoin Group SE (ADE)?
The net margin of Bitcoin Group SE is −12.9% (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 Bitcoin Group SE (ADE)?
The return on equity (ROE) of Bitcoin Group SE is −0.5% (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 Bitcoin Group SE (ADE)?
On an EBIT basis the return on assets of Bitcoin Group SE is 1.0% (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 Bitcoin Group SE (ADE)?
The operating margin of Bitcoin Group SE is −25.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bitcoin Group SE (ADE)?
Revenue at Bitcoin Group SE is growing +21.1% versus a year earlier (3y avg +5.1%). 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 Bitcoin Group SE (ADE)?
Earnings per share at Bitcoin Group SE are growing −72.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bitcoin Group SE (ADE) generate?
The free cash flow of Bitcoin Group SE is −€3.2M (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 Bitcoin Group SE (ADE) hold?
Bitcoin Group SE holds more cash than debt, €8.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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