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Class Editori Spa (CLE) Fair Value & Analysis

Communication Services · IT · Market cap €45.2M

CE Class Editori Spa CLE · MI
Price€0.1485
Fair Value€0.1870
Upside+25.9%
Quality43/100
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Mixed Growth
Loss-making · -5.1% net margin
High debt · generates free cash flow
Trails peers (3/12)
Narrow moat 18/100
Evidence: Medium Range €0.1275 – €0.2465 Share as image

Fair value as of: Jul 29, 2026

From 13 valuation models · updated 12 days ago

Share price +9.2% over the past month.

Below-average quality, screening 26% undervalued on our models.

What matters now

  • A fairly wide model range (€0.1275 to €0.2465) leaves room in how you read the outcome.
  • Our model range runs from €0.1275 (bear) to €0.2465 (bull), base €0.1870. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

€0.1950 €0.0544 Fair Value €0.1870 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 29, 2026.

How to read this chart

60‑month range €0.0544 – €0.1950 · fair‑value band €0.1275 – €0.2465 · the €0.1485 price screens below the €0.1870 fair value. Dashed = 300-day average. As of Jul 29, 2026.

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Analysis

Class Editori Spa (CLE) currently trades at €0.1485, while our model-based Fair Value estimate is €0.1870, implying the stock looks roughly 25.9% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Class Editori Spa generated revenue of €83.1M at a net margin of -5.1%. Revenue declined 1.6% year over year. It earns a return on equity of -23.9%. Net debt stands at €21.1M. Fundamentals as of Jul 29, 2026

Our scenario range runs from €0.1275 (bear case) to €0.2465 (bull case); at €0.1485, 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 21% below its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at 26%, CLE 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.

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. Evidence
Highest evidence
Growth DCF €0.4700 €0.5800 €0.7600 80
Rev-Margin DCF €0.2100 €0.2500 €0.3000 74
Gordon GGM €0.0200 €0.0200 €0.0300 70
All 13 models by family
DCF Models
FCF DCF €0.4600 €0.5800 €0.7800 38
5Y Revenue Exit €0.2100 €0.2300 €0.2700 39
5Y EBITDA Exit €0.3000 €0.3800 €0.5000 41
10Y Revenue Exit €0.3300 €0.3500 €0.3800 36
10Y EBITDA Exit €0.3700 €0.4300 €0.4900 37
Dividend Discount
Gordon GGM €0.0200 €0.0200 €0.0300 70
DDM Multi-Stage €0.0200 €0.0300 €0.0300 61
Multiples
EV/EBIT €0.0100 €0.0200 53
EV/EBITDA €0.1900 €0.2600 €0.3300 54
EV/Revenue €0.0100 43
Asset-Based
NCAV (Graham) €0.0100 €0.0100 €0.0100 50
Growth DCF
Growth DCF €0.4700 €0.5800 €0.7600 80
Rev-Margin DCF €0.2100 €0.2500 €0.3000 74

Widest divergence: DCF Models (€0.3800) versus Multiples (€0.0100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €83.1M
Revenue growth (YoY) -1.6%
Net margin -5.1%
Return on equity -23.9%
Free cash flow €21.6M FY2025
Operating margin 2.8%
More key figures
EPS (TTM) €-0.0200
EPS growth (YoY) +87.1%
Net debt €21.1M FY2025

Figures from reported company fundamentals · as of Jul 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 44 · Market factors (momentum, volatility) 51

Profitability 24
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 2
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 14
Buybacks instead of dilution

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

Class Editori Spa engages in publishing business in Italy. It publishes newspapers, which offer news, features, and information of interest to economists, lawyers, bankers, and other professionals; and various magazines for business professionals and consumers.

Full company description

Class Editori Spa engages in publishing business in Italy. It publishes newspapers, which offer news, features, and information of interest to economists, lawyers, bankers, and other professionals; and various magazines for business professionals and consumers. The company also operates TV channels, such as Class CNBC, Gambero Rosso, Class TV Moda, and Class life; and TV networks, including Telesia Airport, Telesia Metro, Telesia Bus, and Telesia Train. In addition, it provides radio services comprising classical music, opera, and jazz with news regarding business and finance, as well as updates from main markets. Further, the company is involved in the electronic publishing activities, which supply data, information, and financial news through various multimedia platforms, including cable, Intranet, Internet, TV, and instore/radio. Additionally, it provides internet applications like Milano Finanza, and MF Fashion. for smartphones and tablets; digital media activities through websites, such as milanofinanza.it, gamberorosso.it, assinews.it, gfmag.com, and mffashion.it; online trading services through MF Trading2; financial information and reporting through MF Plus, and analysis services through MF Centrale Risk; real time economic financial press agency services through MF Dow Jones News; and event, training, and conference services. The company was founded in 1986 and is headquartered in Milan, Italy. Class Editori Spa is a subsidiary of Euroclass Multimedia Holding SA.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Class Editori Spa reported revenue of €78.8M in FY2025 versus €70.4M in FY2021, a compound +2.9%/yr. Reported net income was −€5.3M in FY2025.

Growth Quality 37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€78.8M
Latest YoY
−0.3%
Avg. growth/yr (3Y) 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.
+0.2%
Avg. growth/yr (5Y) 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.
+4.0%
Avg. growth/yr (21Y) 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.
+2.9%
Revenue +2.9%/yr
FY21 €70.4M
FY22 €78.5M
FY23 €76.4M
FY24 €79.1M
FY25 €78.8M
Net income
FY21 −€13.0M
FY22 €17.3M
FY23 €1.0M
FY24 −€2.9M
FY25 −€5.3M

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Cite: Fair Value Calculator (2026). "Class Editori Spa Fair Value". https://www.fairvalue-calculator.com/stock/CLE

Peer Group

Publishing · 111 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.

Quality Score 43 · Bottom 25%
Fair Value upside +26% · Above median
Return on assets 1% · Below median
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) 3% · Below median
Revenue growth -2% · Below median
Debt / equity 3.61× · Higher than 75% of peers

Valuation Multiples vs Publishing median · lower = cheaper

P/B 14.85× · Pricier than 75% of peers
P/S (TTM) 0.63× · Cheaper than median
P/FCF 2.4× · Cheaper than median
EV/EBITDA 23.3× · Pricier than 75% of peers

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 68 · sector 38
FUTURE 0 · sector 0
PAST 0 · sector 21
HEALTH 0 · sector 99
DIVIDEND 0 · sector 57

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Class Editori Spa (CLE) overvalued or undervalued?
As of Jul 29, 2026, our model estimates a fair value of €0.1870 versus a price of €0.1485, about +26% (undervalued).
What is the fair value of CLE?
Our model-based fair value for Class Editori Spa is €0.1870 (as of Jul 29, 2026), built from audited fundamentals. The current price is €0.1485.
What is the quality score of CLE?
Class Editori Spa has a Quality Score of 43/100. 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 revenue of Class Editori Spa (CLE)?
Class Editori Spa reported trailing-twelve-month revenue of about €83.1M (latest available figure, as of Jul 29, 2026).
What is the net profit margin of CLE?
The net profit margin of Class Editori Spa is about -5.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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