Bytes Technology Group plc (BYITY) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Bytes Technology Group plc $12.18, price $11.58, upside +5.2%, quality 74 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. As of Sep 24, 2026.
How to read this chart
17‑month range $9.00 – $15.81 · fair‑value band $8.24 – $17.37 · the $11.58 price screens below the $12.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 24, 2026.
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Bytes Technology Group plc offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally. It sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and subscriptions and software assurance products.
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Bytes Technology Group plc offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally. It sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and subscriptions and software assurance products. The company also offers externally and internally training and consulting services; cyber security; digital workspace; hybrid infrastructure; public cloud; and software asset management. The company was founded in 1982 and is headquartered in Leatherhead, the United Kingdom
Stock analysis
Bytes Technology Group plc (BYITY) currently trades at $11.58, while our model-based Fair Value estimate is $12.18, so the stock looks roughly fairly valued today (gap 4.9%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $13.90 per share, and 9 of the 24 models we run sit above the $11.58 price.
Bear case: the Economic Profit group reads lowest at $3.15, and 15 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $8.24 (bear) to $17.37 (bull), the price of $11.58 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 74/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bytes Technology Group plc reported revenue of £221M in FY2026 versus £146M in FY2022, a compound +10.9%/yr. Reported net income was £51.3M in FY2026, compounding +11.8%/yr from FY2022.
Key figures
Market cap $1.2B · P/E ratio 20.7 · P/S ratio 4.81 · EPS (TTM) $0.5600 · Dividend yield 0.9% · Net margin 23.3% · Return on equity 57.3% · Return on assets (EBIT) 14.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −23% fair-value upside, at 5%, BYITY screens cheaper than that median.
Fair Value models
Bear $8.24Fair Value $12.18Bull $17.37
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 2026 figures (about 7 months old). Earnings retained since then ($0.2723 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. 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.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.6%
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.
+6.1%
’22
’23
’24
’25
’26
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.
+10.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.6%
Dividend (yield on the price)0.9%
Profit margin 2022 to 2026 ⓘ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.29% → 28%
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).
+22.5%
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.
+8.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in GBP, UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +19.7% a year for the price and +5.9% for the forecasts.
Compare Bytes Technology Group plc 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 - Infrastructure · 332 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−12.8% · Below median
Profitability
Return on equity (TTM)57.3% · Top 25%
Return on assets8.4% · Top 25%
Net margin (TTM)23.3% · Top 25%
Operating margin (TTM)26.7% · Top 25%
Growth and dividend
Revenue growth0.7% · Bottom 25%
Dividend yield (TTM)0.9% · Below median
Valuation Multiplesvs Software - Infrastructure 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). "Bytes Technology Group plc Fair Value". https://www.fairvalue-calculator.com/stock/BYITY
Frequently asked questions
Is Bytes Technology Group plc (BYITY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $12.18 versus the last price from Sep 25, 2026 of $11.58, about +5% upside (fairly valued).
What is the fair value of BYITY?
Our model-based fair value for Bytes Technology Group plc is $12.18 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $11.58.
What is the quality score of BYITY?
Bytes Technology Group plc has a Quality Score of 74/100. 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 Bytes Technology Group plc (BYITY)?
Our model-based price target is the fair value of $12.18 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $8.24, optimistic scenario $17.37. It is a calculation from audited fundamentals, not an analyst target.
What is the Bytes Technology Group plc stock forecast for 2026?
Our models put fair value at $12.18, about +5% upside versus the last price from Sep 25, 2026 of $11.58 (fairly valued). Cautious scenario $8.24, optimistic scenario $17.37. The calculation is refreshed regularly with new filings.
What is the revenue of Bytes Technology Group plc (BYITY)?
Bytes Technology Group plc reported trailing-twelve-month revenue of about £221M (latest available figure, as of Sep 24, 2026).
Does Bytes Technology Group plc pay a dividend?
Bytes Technology Group plc currently shows a dividend yield of about 0.88% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Bytes Technology Group plc (BYITY)?
For today's price to be fair in a discounted-cash-flow model, Bytes Technology Group plc would have to grow free cash flow by +22.5 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +10.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BYITY use?
Our models discount Bytes Technology Group plc at 10.4 %: a base by market capitalisation (small), damped by beta 0.72, 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 Bytes Technology Group plc that is +22.5 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Bytes Technology Group plc (BYITY) delivered so far?
Over the past 4 years revenue at Bytes Technology Group plc grew +10.9 % a year. The price currently implies +22.5 % 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 Bytes Technology Group plc (BYITY) growing?
The median revenue growth in the sector is +13.4 % a year. That is the yardstick for the growth priced into Bytes Technology Group plc (+22.5 % 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 Bytes Technology Group plc (BYITY)?
The free-cash-flow yield on the price is 2.67 %: that much free cash flow Bytes Technology Group plc produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bytes Technology Group plc (BYITY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bytes Technology Group plc it is $12.18 per share (as of Sep 24, 2026), against a price of $11.58. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Bytes Technology Group plc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BYITY trades below its calculated fair value: price $11.58, fair value $12.18, a gap of about +5% (fairly valued). 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 BYITY?
No. The price is what the market pays today ($11.58); the fair value is what the company's own numbers justify ($12.18). For Bytes Technology Group plc the two are $0.6000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bytes Technology Group plc worth?
The market values Bytes Technology Group plc at about $1.2B (market capitalisation, as of Sep 24, 2026). Per share that is $11.58; our models calculate a fair value of $12.18 per share.
What do the bullish and bearish scenarios say about BYITY?
Our models span a range for Bytes Technology Group plc: cautious scenario $8.24, base $12.18, optimistic $17.37 per share (as of Sep 24, 2026, price $11.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BYITY?
Bytes Technology Group plc trades at a price-to-earnings ratio of 20.7 (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 $12.18 is built from several models across several years. Other multiples: P/B 10.8, P/S 4.0, EV/EBITDA 12.0.
How solid is the balance sheet of Bytes Technology Group plc (BYITY)?
Balance-sheet figures for Bytes Technology Group plc (as of Sep 24, 2026): return on equity 57.3%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is BYITY from its 52-week high?
Bytes Technology Group plc trades at $11.58, at its 52-week high of $11.58 and 29% above the low of $9.00 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $12.18 is for.
Which stocks are comparable to Bytes Technology Group plc?
From the same area (Technology) we also value Microsoft Corporation, Palantir Technologies Inc, Oracle Corporation, CrowdStrike Holdings, 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 Bytes Technology Group plc stock attractive at the current price?
The data as of Sep 24, 2026: price $11.58, calculated fair value $12.18 (+5%), Quality Score 74/100, from 24 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 BYITY calculated?
We run Bytes Technology Group plc through 24 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 $12.18, 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. Bytes Technology Group plc currently trades 5 % 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 Bytes Technology Group plc (BYITY)?
The latest price we hold is from Sep 25, 2026 and stands at $11.58. Our model-based fair value is $12.18, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bytes Technology Group plc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($8.24 to $17.37) leaves room in how you read the outcome.
Key figures of Bytes Technology Group plc
How large is the market capitalisation of Bytes Technology Group plc (BYITY)?
The market capitalisation of Bytes Technology Group plc is $1.2B. 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 Bytes Technology Group plc (BYITY)?
The price-to-sales ratio of Bytes Technology Group plc is 4.81 (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 Bytes Technology Group plc (BYITY)?
Earnings per share at Bytes Technology Group plc are $0.5600 (price ÷ EPS = P/E 20.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bytes Technology Group plc (BYITY)?
The dividend yield of Bytes Technology Group plc is 0.9% (payout 18.2%). 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 Bytes Technology Group plc (BYITY)?
The net margin of Bytes Technology Group plc is 23.3% (fiscal year 2026). 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 Bytes Technology Group plc (BYITY)?
The return on equity (ROE) of Bytes Technology Group plc is 57.3% (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 Bytes Technology Group plc (BYITY)?
On an EBIT basis the return on assets of Bytes Technology Group plc is 14.7% (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 Bytes Technology Group plc (BYITY)?
The operating margin of Bytes Technology Group plc is 26.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bytes Technology Group plc (BYITY)?
Revenue at Bytes Technology Group plc is growing +0.7% versus a year earlier (3y avg +6.1%). 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 Bytes Technology Group plc (BYITY)?
Earnings per share at Bytes Technology Group plc are growing −6.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Sep 24, 2026