ATOSS Software SE (AOF) Fair Value & Analysis
Technology · DE · Market cap €1.1B
Fair value as of: Jul 13, 2026
From 26 valuation models · updated 27 days ago
Share price +21.4% over the past month.
A strong business, but screening 32% overvalued on our models.
What matters now
- A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (€78.60). The favourable scenario is already priced in.
- A fairly wide model range (€38.28 to €78.60) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
60‑month range €50.97 – €140.37 · fair‑value band €38.28 – €78.60 · the €89.10 price screens above the €60.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.
Analysis
ATOSS Software SE (AOF) currently trades at €89.10, while our model-based Fair Value estimate is €60.29, implying the stock looks roughly 32.3% overvalued today. The Quality Score stands at 80/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, ATOSS Software SE generated revenue of €194M at a net margin of 25.6%. Revenue grew 11.2% year over year. It earns a return on equity of 54.7%. The balance sheet holds a net cash position of €84.4M. Fundamentals as of Jul 13, 2026
Our scenario range runs from €38.28 (bear case) to €78.60 (bull case); at €89.10, the current price sits above 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 38% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -32%, AOF screens richer 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.
All 26 models by family
Widest divergence: DCF Models (€63.50) versus Asset-Based (€4.09). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 79 · Market factors (momentum, volatility) 36
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
ATOSS Software SE, together with its subsidiaries, offers technology and consulting solutions for professional workforce management and demand optimized personnel deployment in Germany, Austria, Switzerland, Netherlands, Romania, and internationally.
Full company description
ATOSS Software SE, together with its subsidiaries, offers technology and consulting solutions for professional workforce management and demand optimized personnel deployment in Germany, Austria, Switzerland, Netherlands, Romania, and internationally. It provides Crewmeister, a software solution for small businesses; ATOSS Staff Efficiency Suite and ATOSS Startup Edition, software solutions for time and attendance management and workforce scheduling for all sizes in all industries; and ATOSS Time Control, a software solution for time and attendance management, and workforce scheduling for small to medium-sized customers, as well as de-centrally organized clients. The company also offers software implementation and training, consulting, and maintenance services, as well as sells hardware components for time recording and access control, and software licenses. It serves customers in the manufacturing and production, healthcare and social services, retail, logistics and transportation, call center, and service industries. The company was formerly known as ATOSS Software AG and changed its name to ATOSS Software SE in May 2024. ATOSS Software SE was founded in 1987 and is headquartered in Munich, Germany.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ATOSS Software SE reported revenue of €189M in FY2025 versus €97.1M in FY2021, a compound +18.2%/yr. Reported net income was €48.4M in FY2025, compounding +25.7%/yr from FY2021.
AOF screens 32% overvalued. Compare with SAP SE →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- ATOSS Software SE (XTER:AOF) Q2 2026 Earnings Call Highlights: Strong Cloud Growth and AI ...
- At €76.80, Is It Time To Put ATOSS Software SE (ETR:AOF) On Your Watch List?
- ATOSS Opens AI Technology Hub in Bengaluru to Drive AI-Powered Workforce Management Solutions
- ATOSS Software SE (FRA:AOF) Q1 2026 Earnings Call Highlights: Strong Cloud Growth and Robust ...
Peer Group
Software - Application · 709 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.
Valuation Multiples vs Software - Application median · lower = cheaper
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.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAPS | C$12.69 | C$16.26 | +28% |
| Shopify Inc SHOP | C$173.23 | C$20.54 | -88% |
| Uber Technologies, Inc UBER | $72.67 | $51.11 | -30% |
| Salesforce, Inc CRM | $170.77 | $182.10 | +7% |
| ServiceNow, Inc NOW | $107.71 | $33.12 | -69% |
| Cadence Design Systems, Inc CDNS | $384.17 | $80.41 | -79% |
| Snowflake Inc SNOW | $271.87 | $34.04 | -87% |
| Adobe Inc ADBE | $230.61 | $379.48 | +65% |
| Automatic Data Processing, Inc ADP | $241.92 | $177.51 | -27% |
| Intuit Inc INTU | $291.09 | $258.69 | -11% |
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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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