Econocom Group SA/NV (ECONB) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Econocom Group SA/NV stock €4.62, price €1.52, upside +205.0%, quality 57 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 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 6, 2026.
How to read this chart
60‑month range €1.26 – €3.51 · fair‑value band €2.90 – €6.34 · the €1.52 price screens below the €4.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Econocom Group SE designs and develops digital solutions for public and private companies in Belgium and internationally. It operates through Products & Solutions, Services, and Technology Management & Financing segments.
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The company engages in the sale of hardware and software products, such as PCs, tablets, servers, printers, licenses, digital objects, and systems integration.
It also provides consulting, infrastructure management, application development, and integration of digital solutions; and financial solutions. Econocom Group SE was incorporated in 1982 and is based in Brussels, Belgium.
Stock analysis
Econocom Group SA/NV (ECONB) currently trades at €1.52, while our model-based Fair Value estimate is €4.62, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €11.79 per share, and 16 of the 24 models we run sit above the €1.52 price.
Bear case: the Growth Earnings group reads lowest at €0.7600, and 8 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: €2.90 (bear) to €6.34 (bull), the price of €1.52 sits below 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 57/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Econocom Group SA/NV reported revenue of €2.9B in FY2025 versus €2.4B in FY2021, a compound +5.4%/yr. Reported net income was €5.2M in FY2025, compounding −46.9%/yr from FY2021.
Key figures
Market cap €233M Micro · P/E ratio 5.6 · P/S ratio 0.08 · EPS (TTM) €0.2700 · Dividend yield 2.5% · Net margin 0.2% · Return on equity 10.0% · Return on assets (EBIT) 4.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at 205%, ECONB screens cheaper than that median.
Fair Value models
Bear€2.90Fair Value €4.62Bull€6.34
Price €1.52 · Upside +205.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.1990 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.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.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.5%
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.
+4.1%
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.
+3.0%
Start year 2020 (pandemic). Over 10 years: +2.4% 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.
+5.7%
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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. Basis: EBIT basis.
+10.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.6%
Dividend (yield on the price)2.5%
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.−30.7% vs −16.1%, 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.4% → 4%
News mood ⓘNews mood, the average tone of recent news (5 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)10.0% · Above median
Return on assets0.2% · Bottom 25%
Net margin (12 months)0.2% · Below median
Operating margin (12 months)1.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)−3.7% · Below median
Dividend yield (12 months)2.5% · Above median
Balance sheet
Debt / equity1.11× · Highest 25%
Valuation Multiplesvs Information Technology Services 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). "Econocom Group SA/NV Fair Value". https://www.fairvalue-calculator.com/stock/ECONB
Frequently asked questions
Is Econocom Group SA/NV (ECONB) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €4.62 versus a price of €1.52, about +205% upside (undervalued).
What is the fair value of ECONB?
Our model-based fair value for Econocom Group SA/NV is €4.62 (as of Nov 6, 2026), built from audited fundamentals. The current price: €1.52.
What is the quality score of ECONB?
Econocom Group SA/NV has a Quality Score of 57/100. 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 Econocom Group SA/NV (ECONB)?
Our model-based price target is the fair value of €4.62 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario €2.90, optimistic scenario €6.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Econocom Group SA/NV stock forecast for 2026?
Our models put fair value at €4.62, about +205% upside versus a price of €1.52 (undervalued). Cautious scenario €2.90, optimistic scenario €6.34. The calculation is refreshed regularly with new filings.
What is the revenue of Econocom Group SA/NV (ECONB)?
Econocom Group SA/NV reported trailing-twelve-month revenue of about €2.9B (latest available figure, as of Nov 6, 2026).
Does Econocom Group SA/NV pay a dividend?
Econocom Group SA/NV currently shows a dividend yield of 2.50% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Econocom Group SA/NV (ECONB) and when is the ex-dividend date?
Econocom Group SA/NV pays a dividend of €0.0379 per share a year, a dividend yield of 2.5%. The last ex-dividend date was Jun 30, 2026. A dividend has been paid every year since at least 1996. The payout ratio is 14.0% of earnings. Free cash flow covers the dividend 26.44 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What is the intrinsic value of Econocom Group SA/NV (ECONB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Econocom Group SA/NV it is €4.62 per share (as of Nov 6, 2026), against a price of €1.52. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Econocom Group SA/NV stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ECONB trades below its calculated fair value: price €1.52, fair value €4.62, a gap of about +205% (undervalued). 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 ECONB?
No. The price is what the market pays today (€1.52); the fair value is what the company's own numbers justify (€4.62). For Econocom Group SA/NV the two are €3.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Econocom Group SA/NV worth?
The market values Econocom Group SA/NV at about €233M (market capitalisation, as of Nov 6, 2026). Per share that is €1.52; our models calculate a fair value of €4.62 per share.
What do the bullish and bearish scenarios say about ECONB?
Our models span a range for Econocom Group SA/NV: cautious scenario €2.90, base €4.62, optimistic €6.34 per share (as of Nov 6, 2026, price €1.52). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ECONB?
Econocom Group SA/NV trades at a price-to-earnings ratio of 5.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €4.62 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 12.8. Other multiples: PEG 1.4.
What is the PEG ratio of ECONB?
The PEG ratio of Econocom Group SA/NV is 1.41 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Econocom Group SA/NV (ECONB)?
Balance-sheet figures for Econocom Group SA/NV (as of Nov 6, 2026): return on equity 10.0%, debt of 1.11 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is ECONB from its 52-week high?
Econocom Group SA/NV trades at €1.52, about 16% below its 52-week high of €1.80 and 20% above the low of €1.26 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €4.62 is for.
Which stocks are comparable to Econocom Group SA/NV?
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 Econocom Group SA/NV stock attractive at the current price?
The data as of Nov 6, 2026: price €1.52, calculated fair value €4.62 (+205%), Quality Score 57/100, 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 ECONB calculated?
We run Econocom Group SA/NV through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €4.62 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. Econocom Group SA/NV currently trades 67% 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 Econocom Group SA/NV (ECONB)?
The closing price on Nov 9, 2026 was €1.52. Our model-based fair value is €4.62, about +205% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Econocom Group SA/NV right now?
The price is below even our cautious bear case (€2.90). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€2.90 to €6.34) leaves room in how you read the outcome.
Where does the earnings growth of Econocom Group SA/NV (ECONB) come from?
Earnings per share at Econocom Group SA/NV grew +1.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.5 %, EBIT margin −2.2 %, tax rate −0.7 %, residual (interest, one-offs) −1.1 %. 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 Econocom Group SA/NV
How large is the market capitalisation of Econocom Group SA/NV (ECONB)?
The market capitalisation of Econocom Group SA/NV is €233M. 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 Econocom Group SA/NV (ECONB)?
The price-to-sales ratio of Econocom Group SA/NV is 0.08 (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 Econocom Group SA/NV (ECONB)?
Earnings per share at Econocom Group SA/NV are €0.2700 (price ÷ EPS = P/E 5.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Econocom Group SA/NV (ECONB)?
The dividend yield of Econocom Group SA/NV is 2.5% (payout 14.0%). 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 Econocom Group SA/NV (ECONB)?
The net margin of Econocom Group SA/NV is 0.2% (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 Econocom Group SA/NV (ECONB)?
The return on equity (ROE) of Econocom Group SA/NV is 10.0% (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 Econocom Group SA/NV (ECONB)?
On an EBIT basis the return on assets of Econocom Group SA/NV 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 Econocom Group SA/NV (ECONB)?
The operating margin of Econocom Group SA/NV is 1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Econocom Group SA/NV (ECONB)?
Revenue at Econocom Group SA/NV is growing −3.7% versus a year earlier (3y avg +4.1%). 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 Econocom Group SA/NV (ECONB)?
Earnings per share at Econocom Group SA/NV are growing +62.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Econocom Group SA/NV (ECONB) generate?
The free cash flow of Econocom Group SA/NV is €163M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Econocom Group SA/NV (ECONB) carry?
The net debt of Econocom Group SA/NV is €281M (fiscal year 2025, ≈ 1.7 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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Nov 6, 2026