ams AG (AMSSY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of ams AG $34.02, price $15.09, upside +125.5%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch ams AG for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
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 $3.04 – $147.30 · fair‑value band $17.83 – $56.74 · the $15.09 price screens below the $34.02 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Follow ams in your weekly email
Every Wednesday you see whether ams is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
ams-OSRAM AG engages in the design, manufacture, and sale of LED and optical sensor solutions in Europe, the Middle East, Africa, the United States, and the Asia/Pacific. The company operates through Opto Semiconductors (OS); CMOS Sensors & ASICs (CSA); and Lamps & Systems (L&S) segments.
Show more
ams-OSRAM AG engages in the design, manufacture, and sale of LED and optical sensor solutions in Europe, the Middle East, Africa, the United States, and the Asia/Pacific. The company operates through Opto Semiconductors (OS); CMOS Sensors & ASICs (CSA); and Lamps & Systems (L&S) segments. It offers white, color, UV-C, IR, and multi color LEDs, as well as LED modules and accessories; color and IR lasers; photodiodes and phototransistors; optical modules; and automotive and digital systems and lamps, as well as power management ICs, LED driver and analog frontend ICs, and sensor interfaces. In addition, the company provides ambient light, color, and spectral and proximity sensors; direct time-of-flight sensors; position and capacitive sensors; CMOS image sensors; temperature sensors; active noise cancellation solutions; and boards, kits, and related accessories. Its products are used in automotive and mobility, industrial, medical and health, mobile and wearables, lighting, and computing applications. The company was formerly known as ams AG and changed its name to ams-OSRAM AG in January 2022. The company was founded in 1981 and is headquartered in Premstätten, Austria.
Stock analysis
ams AG (AMSSY) currently trades at $15.09, while our model-based Fair Value estimate is $34.02, implying the stock looks roughly 55.6% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of $46.54 per share, and 7 of the 14 models we run sit above the $15.09 price.
Bear case: the Asset-Based group reads lowest at $3.57, and 7 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: $17.83 (bear) to $56.74 (bull), the price of $15.09 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 45/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
ams AG reported revenue of €3.3B in FY2025 versus €5.0B in FY2021, a compound −9.9%/yr. Reported net income was −€130M in FY2025.
Key figures
Market cap $3.0B · P/S ratio 0.70 · EPS (TTM) $−1.19 · Dividend yield 1.1% · Net margin −3.9% · Return on equity −20.9% · Return on assets (EBIT) −5.6% · Operating margin 0.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 243% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at 125%, AMSSY screens cheaper than that median.
Fair Value models
Bear $17.83Fair Value $34.02Bull $56.74
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.20/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.1%
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.
−11.7%
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.
−1.1%
Start year 2020 (pandemic). Over 10 years: +18.2% a year
Revenue growth 24 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.
+13.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
0.1% (2020) → 3.1% (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
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+46.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +43.2% a year for the price and −0.8% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Semiconductors · 326 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+134.9% · Top 25%
Profitability
Return on assets1.8% · Below median
Net margin (TTM)−6.2% · Bottom 25%
Operating margin (TTM)0.1% · Below median
Growth and dividend
Revenue growth−2.9% · Bottom 25%
Dividend yield (TTM)1.1% · Above median
Balance sheet
Debt / equity2.66× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/B2.84× · 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). "ams AG Fair Value". https://www.fairvalue-calculator.com/stock/AMSSY
Frequently asked questions
Is ams AG (AMSSY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $34.02 versus a price of $15.09, about +125% upside (undervalued).
What is the fair value of AMSSY?
Our model-based fair value for ams AG is $34.02 (as of Sep 24, 2026), built from audited fundamentals. The current price: $15.09.
What is the quality score of AMSSY?
ams AG has a Quality Score of 45/100. 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 ams AG (AMSSY)?
Our model-based price target is the fair value of $34.02 (as of Sep 24, 2026) from 16 valuation models. Cautious scenario $17.83, optimistic scenario $56.74. It is a calculation from audited fundamentals, not an analyst target.
What is the ams AG stock forecast for 2026?
Our models put fair value at $34.02, about +125% upside versus a price of $15.09 (undervalued). Cautious scenario $17.83, optimistic scenario $56.74. The calculation is refreshed regularly with new filings.
What is the revenue of ams AG (AMSSY)?
ams AG reported trailing-twelve-month revenue of about €3.3B (latest available figure, as of Sep 24, 2026).
Does ams AG pay a dividend?
ams AG currently shows a dividend yield of about 1.12% relative to its recent price (as of Sep 24, 2026).
What growth is priced into ams AG (AMSSY)?
For today's price to be fair in a discounted-cash-flow model, ams AG would have to grow free cash flow by +46.3 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of AMSSY use?
Our models discount ams AG at 11.6 %: a base by market capitalisation (mid), damped by beta 1.78, country premium for USA. 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 ams AG that is +46.3 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has ams AG (AMSSY) delivered so far?
Over the past 5 years revenue at ams AG grew -1.1 % a year. The price currently implies +46.3 % 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 ams AG (AMSSY) growing?
The median revenue growth in the sector is +10.0 % a year. That is the yardstick for the growth priced into ams AG (+46.3 % 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 ams AG (AMSSY)?
The free-cash-flow yield on the price is 1.43 %: that much free cash flow ams AG produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ams AG (AMSSY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ams AG it is $34.02 per share (as of Sep 24, 2026), against a price of $15.09. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is ams AG stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AMSSY trades below its calculated fair value: price $15.09, fair value $34.02, a gap of about +125% (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 AMSSY?
No. The price is what the market pays today ($15.09); the fair value is what the company's own numbers justify ($34.02). For ams AG the two are $18.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is ams AG worth?
The market values ams AG at about $3.0B (market capitalisation, as of Sep 24, 2026). Per share that is $15.09; our models calculate a fair value of $34.02 per share.
What do the bullish and bearish scenarios say about AMSSY?
Our models span a range for ams AG: cautious scenario $17.83, base $34.02, optimistic $56.74 per share (as of Sep 24, 2026, price $15.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of AMSSY?
The PEG ratio of ams AG is 0.20 (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 ams AG (AMSSY)?
Balance-sheet figures for ams AG (as of Sep 24, 2026): return on equity −20.9%, debt of 2.66 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is AMSSY from its 52-week high?
ams AG trades at $15.09, at its 52-week high of $15.09 and 243% above the low of $4.40 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $34.02 is for.
Which stocks are comparable to ams AG?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 ams AG stock attractive at the current price?
The data as of Sep 24, 2026: price $15.09, calculated fair value $34.02 (+125%), Quality Score 45/100, from 16 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 AMSSY calculated?
We run ams AG through 16 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 $34.02, 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. ams AG currently trades 56 % 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 ams AG (AMSSY)?
The closing price on Oct 2, 2026 was $15.09. Our model-based fair value is $34.02, about +125% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ams AG right now?
The price is below even our cautious bear case ($17.83). The market is more pessimistic than our downside scenario. The model range is unusually wide ($17.83 to $56.74). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of ams AG
How large is the market capitalisation of ams AG (AMSSY)?
The market capitalisation of ams AG is $3.0B. 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 ams AG (AMSSY)?
The price-to-sales ratio of ams AG is 0.70 (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 ams AG (AMSSY)?
Earnings per share at ams AG are $−1.19. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ams AG (AMSSY)?
The dividend yield of ams AG is 1.1%. 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 ams AG (AMSSY)?
The net margin of ams AG is −3.9% (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 ams AG (AMSSY)?
The return on equity (ROE) of ams AG is −20.9% (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 ams AG (AMSSY)?
On an EBIT basis the return on assets of ams AG is −5.6% (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 ams AG (AMSSY)?
The operating margin of ams AG is 0.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ams AG (AMSSY)?
Revenue at ams AG is growing −2.9% versus a year earlier (3y avg −11.7%). 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 ams AG (AMSSY)?
Earnings per share at ams AG are growing +275% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ams AG (AMSSY) carry?
The net debt of ams AG is €1.2B (fiscal year 2025, ≈ 31.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch ams AG in the live analysis
One click puts ams AG on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Some data
Sep 24, 2026