Bechtle AG (BC8) Fair Value & Analysis
Technology · DE · Market cap €3.9B
Fair value as of: Jul 15, 2026
From 26 valuation models · updated 26 days ago
Fair value updated Jul 15, 2026, revised from €33.42 to €33.14 (−0.8%) since Jul 14, 2026. Share price +23.3% over the past month.
A solid business, but screening 12% overvalued on our models.
What matters now
- A fairly wide model range (€19.19 to €45.33) leaves room in how you read the outcome.
- Our model range runs from €19.19 (bear) to €45.33 (bull), base €33.14. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 54/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range €25.19 – €63.42 · fair‑value band €19.19 – €45.33 · the €37.60 price screens above the €33.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Bechtle AG (BC8) currently trades at €37.60, while our model-based Fair Value estimate is €33.14, implying the stock looks roughly 11.9% overvalued today. The Quality Score stands at 54/100 (solid 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, Bechtle AG generated revenue of €6.5B at a net margin of 3.6%. Revenue grew 7.6% year over year. It earns a return on equity of 11.6%. Net debt stands at €344M. Fundamentals as of Jul 15, 2026
Our scenario range runs from €19.19 (bear case) to €45.33 (bull case); at €37.60, the current price sits within 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 17% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -12%, BC8 screens cheaper 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 (€32.26) versus Dividend Discount (€10.59). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 50
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
Bechtle AG provides information technology (IT) services in Germany, France, Benelux, and Europe. It operates through IT System House & Managed Services and IT E-Commerce segments.
Full company description
Bechtle AG provides information technology (IT) services in Germany, France, Benelux, and Europe. It operates through IT System House & Managed Services and IT E-Commerce segments. The company offers IT strategy consulting, hardware and software solutions, IT infrastructure consulting, modern workplace, application solutions, project planning and implementation, system integration, maintenance and training to multi cloud and managed services, and IT security services and artificial intelligence. The company also provides data centers workplace, networking, cybersecurity, IoT solutions, data and analytics, engineering and manufacturing, consulting, professional, managed, financial, and e-procurement services. In addition, it offers business applications, including business intelligence, collaboration, customer relationship management, and enterprise resource planning. Bechtle AG was founded in 1983 and is headquartered in Neckarsulm, Germany.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Bechtle AG reported revenue of €6.4B in FY2025 versus €5.3B in FY2021, a compound +4.8%/yr. Reported net income was €229M in FY2025, compounding −0.2%/yr from FY2021.
BC8 screens 12% overvalued. Compare with International Business Machines Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- There's A Lot To Like About Bechtle's (ETR:BC8) Upcoming €0.70 Dividend
- Bechtle AG (BECTY) Q1 2026 Earnings Call Highlights: Strong Growth Amid Market Challenges
- Bechtle (XTRA:BC8) Valuation Check As TeamViewer Partnership Puts Industrial Digitalization In Focus
- Bechtle AG (BHTLF) Q4 2025 Earnings Call Highlights: Surpassing Guidance Amidst Challenges
Peer Group
Information Technology Services · 480 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 Information Technology Services 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.
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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $235.92 | $143.90 | -39% |
| Accenture plc ACNN | 2,460 MXN | 250.95 MXN | -90% |
| Infosys Limited INFY | ₹1,156 | ₹1,457 | +26% |
| HCL Technologies Limited HCLTECH | ₹1,204 | ₹1,230 | +2% |
| Wipro Limited WIPRO | ₹178.43 | ₹226.81 | +27% |
| Tech Mahindra Limited TECHM | ₹1,455 | ₹1,086 | -25% |
| Samsung SDS Co 018260 | 199,300 KRW | 196,390 KRW | -1% |
| Persistent Systems Limited PERSISTENT | ₹5,059 | ₹2,364 | -53% |
| Hyundai Autoever Corporation 307950 | 393,000 KRW | 133,088 KRW | -66% |
| Coforge Limited COFORGE | ₹1,541 | ₹702.84 | -54% |
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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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