Scout24 AG (G24) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of Scout24 AG stock €92.84, price €91.15, upside +1.9%, quality 81 out of 100. Rating: fairly valued. Calculated from audited financials with 14 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 13, 2026.
How to read this chart
60‑month range €43.64 – €119.74 · fair‑value band €54.18 – €147.53 · the €91.15 price screens below the €92.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 13, 2026.
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Scout24 SE operates ImmoScout24, a digital marketplace for the residential and commercial real estate sectors in Germany and internationally. The company operates through Professional and Private segments.
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It offers Pay-per-ad, for listing real estate without membership; Realtor Lead Engine (RLE) for selling real estate; Mortgage Lead Engine; CRM software solutions for real estate agents; and ESG energy performance certificates.
In addition, the company provides software solutions for real estate valuations, such as viewings and expert opinions; an automated valuation model, a product for the automated valuation of real estate through application programming interfaces; provision of transaction-related documents for real estate professionals; and training courses, digital training, and education software.
Further, it offers SearchPlus and SearchPlus for buying, which offers market analysis and a digital document folder; LivingPlus for digital services and legal protection; and LettingPlus, a cloud-based software solution to supports private landlords in rental and property management.
It offers its products under the ImmoScout24, FLOWFACT, Vermietet.de, immoverkauf24, Propstack, BaufiTeam, SPRENGNETTER, Wohnungsboerse, bulwiengesa, EXPLOREAL, neubau kompass, and ENERGIE AUSWEIS 48 brand names.
The company serves residential and business real estate agents, appraisers, financing intermediaries and banks, consumers, homeowners, and commercial service providers. The company was formerly known as Scout24 AG and changed its name to Scout24 SE in October 2021.
Scout24 SE was founded in 1998 and is headquartered in Berlin, Germany.
Stock analysis
Scout24 AG (G24) currently trades at €91.15, while our model-based Fair Value estimate is €92.84, so the stock looks roughly fairly valued today (gap 1.9%).
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Valuation
Bull case: the DCF Models group reads highest at a median of €92.84 per share, and 4 of the 14 models we run sit above the €91.15 price.
Bear case: the Economic Profit group reads lowest at €30.65, and 10 of the 14 models stay below the price. Data coverage for this calculation is high.
Scenario range: €54.18 (bear) to €147.53 (bull), the price of €91.15 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 81/100 (high quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Scout24 AG reported revenue of €650M in FY2025 versus €389M in FY2021, a compound +13.7%/yr. Reported net income was €240M in FY2025, compounding +27.6%/yr from FY2021.
Key figures
Market cap €6.4B Mid · P/E ratio 20.2 · P/S ratio 7.45 · EPS (TTM) €4.52 · Dividend yield 1.6% · Net margin 37.0% · Return on equity 19.1% · Return on assets (EBIT) 10.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 37% fair-value upside, at 2%, G24 screens richer than that median.
Fair Value models
Bear€54.18Fair Value €92.84Bull€147.53
Price €91.15 · Upside +1.9%
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 (€2.62 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.98/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.7%
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.
+13.2%
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.
+12.9%
Start year 2020 (pandemic). Over 10 years: +5.1% a year
Revenue growth 12 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.
+16.1%
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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.
≈ +24.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.3%
Dividend (yield on the price)1.6%
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.27.1% vs 18.8%, picking up
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.41% → 45%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 50% above its own trend.
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what 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).
+8.7%
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.
+11.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +6.3% a year for the price and +8.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (51 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.Positive
Recent news coverage is more positive than average.
AI conclusion: Solid profitability from core operations stands as the main strength while thin evidence on durable moat factors across categories forms the central weakness.
Main risk: Generative AI chatbots or agents such as Meta's Muse might let users search listings and negotiate without visiting the platform, cutting traffic and subscription revenue.
Bull case: Scout24 could embed its own AI agents and conversational tools into the platform to capture searches directly and strengthen user loyalty across the transaction lifecycle.
Bear case: If external AI agents handle most searches and transactions, the platform could lose significant traffic and see its core subscription model erode over time.
Scout24 keeps repurchasing shares in volume, with the latest tranche adding over 230,000 shares to a program already exceeding 2.6 million since June. Subscription revenue continues to expand in both the professional and private segments while the platform invests in new offerings. Our models see the stock as undervalued. Will the buybacks mainly offset valuation pressure or confirm that the core marketplace can keep delivering durable growth?
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.Internet Content & Information · 140 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score81 · Top 25%
Fair Value upside+1.9% · Below median
Profitability
Return on equity (12 months)19.1% · Top 25%
Return on assets11.4% · Top 25%
Net margin (12 months)34.3% · Top 25%
Operating margin (12 months)54.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)19.7% · Top 25%
Dividend yield (12 months)1.6% · Below median
Valuation Multiplesvs Internet Content & Information median · lower = cheaper
P/E (12 months)20.2× · Pricier than median
P/B4.32× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)8.68× · Priciest 25%
Price / free cash flow (fiscal year)22.8× · Pricier than median
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). "Scout24 AG Fair Value". https://www.fairvalue-calculator.com/stock/G24
Frequently asked questions
Is Scout24 AG (G24) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of €92.84 versus a price of €91.15, about +2% upside (fairly valued).
What is the fair value of G24?
Our model-based fair value for Scout24 AG is €92.84 (as of Nov 13, 2026), built from audited fundamentals. The current price: €91.15.
What is the quality score of G24?
Scout24 AG has a Quality Score of 81/100. 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 Scout24 AG (G24)?
Our model-based price target is the fair value of €92.84 (as of Nov 13, 2026) from 14 valuation models. Cautious scenario €54.18, optimistic scenario €147.53. It is a calculation from audited fundamentals, not an analyst target.
What is the Scout24 AG stock forecast for 2026?
Our models put fair value at €92.84, about +2% upside versus a price of €91.15 (fairly valued). Cautious scenario €54.18, optimistic scenario €147.53. The calculation is refreshed regularly with new filings.
What is the revenue of Scout24 AG (G24)?
Scout24 AG reported trailing-twelve-month revenue of about €736M (latest available figure, as of Nov 13, 2026).
Does Scout24 AG pay a dividend?
Scout24 AG currently shows a dividend yield of 1.65% relative to its recent price (as of Nov 13, 2026).
How much is the dividend of Scout24 AG (G24) and when is the ex-dividend date?
Scout24 AG pays a dividend of €1.50 per share a year, a dividend yield of 1.6%. The last ex-dividend date was Jun 18, 2026. A dividend has been paid every year since at least 2017. The payout ratio is 33.2% of earnings. Free cash flow covers the dividend 2.68 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Scout24 AG (G24)?
For today's price to be fair in a discounted-cash-flow model, Scout24 AG would have to grow free cash flow by +8.7 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.9 % per year. As of Nov 13, 2026.
What discount rate (WACC) does the fair value of G24 use?
Our models discount Scout24 AG at 8.5 %: a base by market capitalisation (mid), damped by beta 0.56, country premium for Germany. 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 Scout24 AG that is +8.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Scout24 AG (G24) delivered so far?
Over the past 5 years revenue at Scout24 AG grew +12.9 % a year. The price currently implies free-cash-flow growth of +8.7 % 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 Scout24 AG (G24) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into Scout24 AG (+8.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Scout24 AG (G24)?
The free-cash-flow yield on the price is 4.39 %: that much free cash flow Scout24 AG produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Scout24 AG (G24)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Scout24 AG it is €92.84 per share (as of Nov 13, 2026), against a price of €91.15. It is the blended result of 14 valuation models in 5 families (DCF Models, Dividend Discount, Multiples, Growth DCF, Economic Profit).
Is Scout24 AG stock overvalued or undervalued in 2026?
As of Nov 13, 2026, G24 trades below its calculated fair value: price €91.15, fair value €92.84, a gap of about +2% (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 G24?
No. The price is what the market pays today (€91.15); the fair value is what the company's own numbers justify (€92.84). For Scout24 AG the two are €1.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is Scout24 AG worth?
The market values Scout24 AG at about €6.4B (market capitalisation, as of Nov 13, 2026). Per share that is €91.15; our models calculate a fair value of €92.84 per share.
What do the bullish and bearish scenarios say about G24?
Our models span a range for Scout24 AG: cautious scenario €54.18, base €92.84, optimistic €147.53 per share (as of Nov 13, 2026, price €91.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of G24?
Scout24 AG trades at a price-to-earnings ratio of 20.2 (as of Nov 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €92.84 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 35.7. Other multiples: P/B 4.3, P/S 8.7, EV/EBITDA 17.0.
How solid is the balance sheet of Scout24 AG (G24)?
Balance-sheet figures for Scout24 AG (as of Nov 13, 2026): return on equity 19.1%. They feed the Quality Score of 81/100, which measures business quality independently of the share price.
How far is G24 from its 52-week high?
Scout24 AG trades at €91.15, at its 52-week high of €91.25 and 47% above the low of €62.03 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of €92.84 is for.
Which stocks are comparable to Scout24 AG?
From the same area (Communication Services) we also value Alphabet Inc, Meta Platforms, Inc, Tencent Holdings, Spotify Technology S.A, 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 Scout24 AG stock attractive at the current price?
The data as of Nov 13, 2026: price €91.15, calculated fair value €92.84 (+2%), Quality Score 81/100, from 14 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 G24 calculated?
We run Scout24 AG through 14 models from 5 families: DCF Models, Dividend Discount, Multiples, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of €92.84 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 14.3% above its aggregate fair value. Scout24 AG currently trades 2% 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 Scout24 AG (G24)?
The closing price on Nov 12, 2026 was €91.15. Our model-based fair value is €92.84, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Scout24 AG right now?
The model range is unusually wide (€54.18 to €147.53). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Scout24 AG (G24) come from?
Earnings per share at Scout24 AG grew +19.2 % a year from 2015 to 2025. Broken into its drivers: revenue per share +8.3 %, EBIT margin +5.5 %, tax rate +1.0 %, residual (interest, one-offs) +3.3 %. 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 Scout24 AG
How large is the market capitalisation of Scout24 AG (G24)?
The market capitalisation of Scout24 AG is €6.4B. 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 Scout24 AG (G24)?
The price-to-sales ratio of Scout24 AG is 7.45 (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 Scout24 AG (G24)?
Earnings per share at Scout24 AG are €4.52 (price ÷ EPS = P/E 20.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Scout24 AG (G24)?
The dividend yield of Scout24 AG is 1.6% (payout 33.2%). 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 Scout24 AG (G24)?
The net margin of Scout24 AG is 37.0% (fiscal year 2025). 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 Scout24 AG (G24)?
The return on equity (ROE) of Scout24 AG is 19.1% (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 Scout24 AG (G24)?
On an EBIT basis the return on assets of Scout24 AG is 10.9% (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 Scout24 AG (G24)?
The operating margin of Scout24 AG is 54.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Scout24 AG (G24)?
Revenue at Scout24 AG is growing +19.7% versus a year earlier (3y avg +13.2%). 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 Scout24 AG (G24)?
Earnings per share at Scout24 AG are growing −27.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Scout24 AG (G24) carry?
The net debt of Scout24 AG is €100M (fiscal year 2025, ≈ 0.4 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 13, 2026