Columbus A/S (COLUM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Columbus A/S stock DKK 4.74, price DKK 9.12, that is 48.0% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
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. As of Nov 8, 2026.
How to read this chart
60‑month range kr 5.50 – kr 12.70 · fair‑value band kr 3.55 – kr 5.92 · the kr 9.12 price screens above the kr 4.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Columbus A/S, a digital advisory and IT services consultancy company, provides digital transformation solutions for the manufacturing, retail and distribution, food and beverage, and life science industries.
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The company offers cloud services; data and AI solutions; sales, marketing, and customer and field services; digital commerce; managed services; intelligent business process automation and apps; finance and supply chain; enterprise information management; cybersecurity; strategy and growth; transformation strategy; and sustainability solutions.
It also provides end-to-end data solutions, including data strategy development, modern data platform design, and artificial intelligence (AI), machine learning (ML), and Generative AI (GenAI) solutions; and enterprise resource planning (ERP) services and spanning services for supply chain, production, finance, project control, human resource and robotics and automation services, Microsoft Copilot and AI Modern Work offerings.
The company operates in Denmark, Chile, Czech Republic, Germany, India, Norway, Poland, Sweden, United Kingdom, the United States. Columbus A/S was formerly known as Columbus IT Partner A/S and changed its name to Columbus A/S in April 2012.
The company was incorporated in 1989 and is headquartered in Ballerup, Denmark.
Stock analysis
Columbus A/S (COLUM) currently trades at kr 9.12, while our model-based Fair Value estimate is kr 4.74, 48% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 7.28 per share, and 4 of the 25 models we run sit above the kr 9.12 price.
Bear case: the Dividend Discount group reads lowest at kr 1.45, and 21 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 3.55 (bear) to kr 5.92 (bull), the price of kr 9.12 sits above 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 58/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Columbus A/S reported revenue of 1.6B DKK in FY2025 versus 1.5B DKK in FY2021, a compound +1.6%/yr. Reported net income was 21.5M DKK in FY2025, compounding −23.0%/yr from FY2021.
Key figures
Market cap 1.2B DKK (≈ $176M) Micro · P/E ratio 91.2 · P/S ratio 0.74 · EPS (TTM) kr 0.1000 · Dividend yield 1.4% · Net margin 1.0% · Return on equity 3.1% · Return on assets (EBIT) 4.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −48%, COLUM screens richer than that median.
Fair Value models
Bearkr 3.55Fair Value kr 4.74Bullkr 5.92
Price kr 9.12 · Downside -48.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−5.0%
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.
+4.3%
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.
−1.0%
Start year 2020 (pandemic). Over 10 years: +3.4% a year
Revenue growth 25 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.
+4.2%
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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.
−14.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.7%
Dividend (yield on the price)1.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−15.7% vs −11.6%, slowing
Profit margin 2020 to 2025 ⓘ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.2% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+9.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about +7.2% a year for the price.
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.Information Technology Services · 479 stocks
Beats the industry median on 3/15 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−48.0% · Bottom 25%
Profitability
Return on equity (12 months)3.1% · Below median
Return on assets1.7% · Below median
Net margin (12 months)1.0% · Below median
Operating margin (12 months)1.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)5.8% · Below median
Dividend yield (12 months)1.4% · Below median
Balance sheet
Debt / equity0.10× · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (12 months)91.2× · Priciest 25%
P/B1.58× · Cheaper than median
P/S (12 months)0.74× · Cheaper than median
Price / free cash flow (fiscal year)16.2× · Pricier than median
EV/EBITDA25.1× · Priciest 25%
PEG1.73× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 41
FUTURE (revenue growth)29· sector 32
PAST (return on equity)12· sector 36
HEALTH (low debt)95· sector 98
DIVIDEND (yield)27· sector 40
VALUE 0: the price sits above our fair-value range.
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). "Columbus A/S Fair Value". https://www.fairvalue-calculator.com/stock/COLUM
Frequently asked questions
Is Columbus A/S (COLUM) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 4.74 versus a price of kr 9.12, about 48% lower (overvalued).
What is the fair value of COLUM?
Our model-based fair value for Columbus A/S is kr 4.74 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 9.12.
What is the quality score of COLUM?
Columbus A/S has a Quality Score of 58/100. 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 Columbus A/S (COLUM)?
Our model-based price target is the fair value of kr 4.74 (as of Nov 8, 2026) from 25 valuation models. Cautious scenario kr 3.55, optimistic scenario kr 5.92. It is a calculation from audited fundamentals, not an analyst target.
What is the Columbus A/S stock forecast for 2026?
Our models put fair value at kr 4.74, about 48% lower versus a price of kr 9.12 (overvalued). Cautious scenario kr 3.55, optimistic scenario kr 5.92. The calculation is refreshed regularly with new filings.
What is the revenue of Columbus A/S (COLUM)?
Columbus A/S reported trailing-twelve-month revenue of about 1.6B DKK (latest available figure, as of Nov 8, 2026).
Does Columbus A/S pay a dividend?
Columbus A/S currently shows a dividend yield of 1.37% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Columbus A/S (COLUM) and when is the ex-dividend date?
Columbus A/S pays a dividend of kr 0.125 per share a year, a dividend yield of 1.4%. The last ex-dividend date was Apr 24, 2026. A dividend has been paid every year since 2021. The payout ratio is 125% of earnings. Free cash flow covers the dividend 4.60 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Columbus A/S (COLUM)?
For today's price to be fair in a discounted-cash-flow model, Columbus A/S would have to grow free cash flow by +9.5 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.0 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of COLUM use?
Our models discount Columbus A/S at 11.0 %: a base by market capitalisation (micro), damped by beta 0.53, country premium for Denmark. 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 Columbus A/S that is +9.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Columbus A/S (COLUM) delivered so far?
Over the past 5 years revenue at Columbus A/S grew -1.0 % a year. The price currently implies free-cash-flow growth of +9.5 % per 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 Columbus A/S (COLUM) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Columbus A/S (+9.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Columbus A/S (COLUM)?
The free-cash-flow yield on the price is 6.19 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Columbus A/S produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Columbus A/S (COLUM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Columbus A/S it is kr 4.74 per share (as of Nov 8, 2026), against a price of kr 9.12. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Columbus A/S stock overvalued or undervalued in 2026?
As of Nov 8, 2026, COLUM trades above its calculated fair value: price kr 9.12, fair value kr 4.74, a gap of about −48% (overvalued). 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 COLUM?
No. The price is what the market pays today (kr 9.12); the fair value is what the company's own numbers justify (kr 4.74). For Columbus A/S the two are kr 4.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Columbus A/S worth?
The market values Columbus A/S at about 1.2B DKK (market capitalisation, as of Nov 8, 2026). Per share that is kr 9.12; our models calculate a fair value of kr 4.74 per share.
What do the bullish and bearish scenarios say about COLUM?
Our models span a range for Columbus A/S: cautious scenario kr 3.55, base kr 4.74, optimistic kr 5.92 per share (as of Nov 8, 2026, price kr 9.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of COLUM?
Columbus A/S trades at a price-to-earnings ratio of 91.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 4.74 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 25.6. Other multiples: PEG 1.7, P/B 1.6, P/S 0.7, EV/EBITDA 25.1.
What is the PEG ratio of COLUM?
The PEG ratio of Columbus A/S is 1.73 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Columbus A/S (COLUM)?
Balance-sheet figures for Columbus A/S (as of Nov 8, 2026): return on equity 3.1%, debt of 0.10 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is COLUM from its 52-week high?
Columbus A/S trades at kr 9.12, about 11% below its 52-week high of kr 10.20 and 1% above the low of kr 9.04 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 4.74 is for.
Which stocks are comparable to Columbus A/S?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Columbus A/S stock attractive at the current price?
The data as of Nov 8, 2026: price kr 9.12, calculated fair value kr 4.74 (−48%), Quality Score 58/100, from 25 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 COLUM calculated?
We run Columbus A/S through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 4.74 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Columbus A/S itself currently trades above fair value. 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 Columbus A/S (COLUM)?
The closing price on Nov 6, 2026 was kr 9.12. Our model-based fair value is kr 4.74, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Columbus A/S right now?
The price sits above even our optimistic bull case (kr 5.92). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Columbus A/S (COLUM) come from?
Earnings per share at Columbus A/S grew −8.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.3 %, EBIT margin −6.3 %, tax rate −1.2 %, residual (interest, one-offs) −3.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Columbus A/S
How large is the market capitalisation of Columbus A/S (COLUM)?
The market capitalisation of Columbus A/S is 1.2B DKK (≈ $176M). 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 Columbus A/S (COLUM)?
The price-to-sales ratio of Columbus A/S is 0.74 (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 Columbus A/S (COLUM)?
Earnings per share at Columbus A/S are kr 0.1000 (price ÷ EPS = P/E 91.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Columbus A/S (COLUM)?
The dividend yield of Columbus A/S is 1.4% (payout 125%). 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 Columbus A/S (COLUM)?
The net margin of Columbus A/S is 1.0% (last twelve months). 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 Columbus A/S (COLUM)?
The return on equity (ROE) of Columbus A/S is 3.1% (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 Columbus A/S (COLUM)?
On an EBIT basis the return on assets of Columbus A/S is 4.5% (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 Columbus A/S (COLUM)?
The operating margin of Columbus A/S is 1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Columbus A/S (COLUM)?
Revenue at Columbus A/S is growing +5.8% versus a year earlier (3y avg +4.3%). 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 Columbus A/S (COLUM)?
Earnings per share at Columbus A/S are growing −63.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Columbus A/S (COLUM) carry?
The net debt of Columbus A/S is 144M DKK (fiscal year 2025, ≈ 2.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026