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Journeo PLC (JNEO) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Journeo PLC £6.58, price £5.42, upside +21.4%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Industrials · GB · ISIN GB00BKP51V79

JP Broad data Sep 23, 2026

Journeo PLC

JNEO · LSE

UndervaluedThe stock appears undervalued with acceptable quality.

✓Fair value £6.58 · Undervalued (+21%)
!Quality 55/100
✓Healthy Growth (revenue 5y +32.2 %/yr)
!Thin margins · 7.6% net margin (TTM)
✓Low debt · generates free cash flow
✓Ranks above peers (8/13)
!Moderate moat 56/100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

£5.46 £0.9900 Fair Value £6.58 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range £0.9900 – £5.46 · fair‑value band £4.94 – £8.23 · the £5.42 price screens below the £6.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Journeo plc provides solutions to the transport community that captures, processes, and displays essential information to enhance journeys in the United Kingdom and internationally. The company operates through the Crime and Fire Defence Systems, Fleet Systems, Infotec, Journeo A/S, and Passenger Systems segments.

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Journeo plc provides solutions to the transport community that captures, processes, and displays essential information to enhance journeys in the United Kingdom and internationally. The company operates through the Crime and Fire Defence Systems, Fleet Systems, Infotec, Journeo A/S, and Passenger Systems segments. It offers EPI, a cloud-based passenger information software, as well as the Journeo portal, which provides Journeo Transit, remote condition monitoring, video management, passenger count, and telematics and driver behavior services. The company also provides solutions for buses, coaches, and rail vehicles, including real-time and historical passenger data, CCTV, camera monitor systems, blind spot information systems, driver displays, next-stop announcement displays, and on-board Wi-Fi services, as well as station information security systems and GPS asset tracking. In addition, it offers passenger transport infrastructure technology, such as interactive totems, LED displays, low-power displays, LCD displays, and sustainable RTPI displays. Further, the company provides consultation, software development and technology integration, product development, installation, testing, and commissioning, maintenance, and support services. The company was formerly known as 21st Century Technology plc and changed its name to Journeo plc in October 2019. Journeo plc was founded in 1993 and is headquartered in Ashby-de-la-Zouch, the United Kingdom.

Stock analysis

Journeo PLC (JNEO) currently trades at £5.42, while our model-based Fair Value estimate is £6.58, implying the stock looks roughly 17.6% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of £7.96 per share, and 15 of the 24 models we run sit above the £5.42 price.

Bear case: the Asset-Based group reads lowest at £0.8700, and 9 of the 24 models stay below the price. Evidence for this calculation is high.

Scenario range: £4.94 (bear) to £8.23 (bull), the price of £5.42 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 55/100 (solid quality), in the Industrials sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Journeo PLC reported revenue of £55.0M in FY2025 versus £15.6M in FY2021, a compound +37.1%/yr. Reported net income was £4.2M in FY2025, compounding +78.7%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap 94.5M GBX · P/E ratio 22.6 · P/S ratio 1.70 · EPS (TTM) £0.2400 · Net margin 7.5% · Return on equity 20.6% · Return on assets (EBIT) 9.0% · Operating margin 10.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).

What moves the price

The share trades about 1% below its 52-week high and 45% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at 21%, JNEO screens cheaper than that median.

Fair Value models

Bear £4.94 Fair Value £6.58 Bull £8.23
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 2025 figures (about 9 months old). Earnings retained since then (£0.1762 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. 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.
Highest evidence
FCF DCF £5.12 £8.15 £12.73 79
Growth DCF £5.00 £7.53 £11.03 78
Owner Earnings £3.79 £5.91 £9.12 75
All 24 models by family
DCF Models
FCF DCF £5.12 £8.15 £12.73 79
Owner Earnings £3.79 £5.91 £9.12 75
5Y Revenue Exit £4.15 £6.48 £9.61 72
5Y EBITDA Exit £5.51 £9.38 £14.33 74
5Y P/E Exit £5.16 £8.62 £12.67 70
10Y Revenue Exit £4.40 £6.58 £9.92 66
10Y EBITDA Exit £5.26 £8.44 £13.41 67
10Y P/E Exit £5.06 £7.96 £12.18 63
Earnings-Based
Graham-Dodd £1.60 £8.39 £11.61 63
Lynch FV £2.30 £3.29 £4.28 61
PEG = 1.0 £2.30 £3.29 £4.28 57
EPV £2.37 £2.58 £2.74 74
Multiples
P/E Multiple £4.94 £6.58 £8.23 63
P/S Multiple £3.00 £4.00 £4.99 58
P/B Multiple £3.00 £4.00 £4.99 55
EV/EBIT £6.43 £8.35 £10.27 66
EV/EBITDA £6.25 £8.11 £9.97 67
EV/Revenue £3.58 £4.83 £6.08 54
Asset-Based
NCAV (Graham) £0.6500 £0.8700 £1.30 54
Growth DCF
Growth DCF £5.00 £7.53 £11.03 78
Rev-Margin DCF £4.15 £6.44 £9.52 72
Economic Profit
Residual Income £1.26 £1.61 £3.76 64
ROIC Compounder £2.55 £2.98 £3.46 72
Growth Earnings
Growth-Adj P/E £4.02 £5.74 £7.46 67

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Quality Score breakdown

Overall quality 55/100

Of which business quality 60 · Market factors (momentum, volatility) 72

Profitability 61
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 33
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.0%
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.
+37.6%
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.
+32.2%
Start year 2020 (pandemic). Over 10 years: +16.2% a year
Revenue growth 30 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.
+25.6%
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.
+47.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+47.9%
Dividend (yield on the price)0.0%
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.3% → 10%

Growth Forecast

Little optimism in the price
The price assumes less 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).
+1.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −0.4% a year for the price.

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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.Security & Protection Services · 115 stocks

Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 55 · Above median
Fair Value upside +21% · Above median
Profitability
Return on equity (TTM) 21% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 10% · Above median
Growth and dividend
Revenue growth 27% · Top 25%
Balance sheet
Debt / equity 0.01× · Below median

Valuation Multiplesvs Security & Protection Services median · lower = cheaper

P/E (TTM) 22.6× · Pricier than median
P/B 5.45× · Priciest 25%
P/S (TTM) 2.27× · Pricier than median
P/FCF 15.7× · Pricier than median
EV/EBITDA 18.3× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)62 · sector 34
FUTURE (revenue growth)100 · sector 39
PAST (return on equity)82 · sector 20
HEALTH (low debt)100 · sector 99
DIVIDEND (yield)0 · sector 43

Context: sector, industry, market

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

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ADT Inc ADT $6.54 $19.32 +195%
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Brady Corporation BRC $83.39 $72.97 −12%
The GEO Group GEO $29.74 $12.89 −57%
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CoreCivic, Inc CXW $31.47 $18.76 −40%

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Cite: Fair Value Calculator (2026). "Journeo PLC Fair Value". https://www.fairvalue-calculator.com/stock/JNEO

Frequently asked questions

Is Journeo PLC (JNEO) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of £6.58 versus a price of £5.42, about +21% upside (undervalued).
What is the fair value of JNEO?
Our model-based fair value for Journeo PLC is £6.58 (as of Sep 23, 2026), built from audited fundamentals. The current price: £5.42.
What is the quality score of JNEO?
Journeo PLC has a Quality Score of 55/100. 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 Journeo PLC (JNEO)?
Our model-based price target is the fair value of £6.58 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario £4.94, optimistic scenario £8.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Journeo PLC stock forecast for 2026?
Our models put fair value at £6.58, about +21% upside versus a price of £5.42 (undervalued). Cautious scenario £4.94, optimistic scenario £8.23. The calculation is refreshed regularly with new filings.
What is the revenue of Journeo PLC (JNEO)?
Journeo PLC reported trailing-twelve-month revenue of about £55.0M (latest available figure, as of Sep 23, 2026).
What growth is priced into Journeo PLC (JNEO)?
For today's price to be fair in a discounted-cash-flow model, Journeo PLC would have to grow free cash flow by +1.9 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +32.2 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of JNEO use?
Our models discount Journeo PLC at 11.8 %: a base by market capitalisation (micro), damped by beta 0.30, country premium for United Kingdom. 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 Journeo PLC that is +1.9 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Journeo PLC (JNEO) delivered so far?
Over the past 5 years revenue at Journeo PLC grew +32.2 % a year. The price currently implies +1.9 % 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 Journeo PLC (JNEO) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Journeo PLC (+1.9 % 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 Journeo PLC (JNEO)?
The free-cash-flow yield on the price is 8.43 %: that much free cash flow Journeo PLC produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Journeo PLC (JNEO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Journeo PLC it is £6.58 per share (as of Sep 23, 2026), against a price of £5.42. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Journeo PLC stock overvalued or undervalued in 2026?
As of Sep 23, 2026, JNEO trades below its calculated fair value: price £5.42, fair value £6.58, a gap of about +21% (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 JNEO?
No. The price is what the market pays today (£5.42); the fair value is what the company's own numbers justify (£6.58). For Journeo PLC the two are £1.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is Journeo PLC worth?
The market values Journeo PLC at about 94.5M GBX (market capitalisation, as of Sep 23, 2026). Per share that is £5.42; our models calculate a fair value of £6.58 per share.
What do the bullish and bearish scenarios say about JNEO?
Our models span a range for Journeo PLC: cautious scenario £4.94, base £6.58, optimistic £8.23 per share (as of Sep 23, 2026, price £5.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JNEO?
Journeo PLC trades at a price-to-earnings ratio of 22.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £6.58 is built from several models across several years. Other multiples: P/B 5.5, P/S 2.3, EV/EBITDA 18.3.
How solid is the balance sheet of Journeo PLC (JNEO)?
Balance-sheet figures for Journeo PLC (as of Sep 23, 2026): return on equity 20.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is JNEO from its 52-week high?
Journeo PLC trades at £5.42, about 1% below its 52-week high of £5.46 and 45% above the low of £3.75 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of £6.58 is for.
Which stocks are comparable to Journeo PLC?
From the same area (Industrials) we also value Verisure plc, Allegion plc, Zhejiang Dahua Technology Co, MSA Safety Incorporated, 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 Journeo PLC stock attractive at the current price?
The data as of Sep 23, 2026: price £5.42, calculated fair value £6.58 (+21%), Quality Score 55/100, 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 JNEO calculated?
We run Journeo 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 £6.58, 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 14.1 % above its aggregate fair value. Journeo PLC currently trades 21 % 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 Journeo PLC (JNEO)?
The closing price on Sep 23, 2026 was £5.42. Our model-based fair value is £6.58, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Journeo PLC right now?
Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.

Key figures of Journeo PLC

How large is the market capitalisation of Journeo PLC (JNEO)?
The market capitalisation of Journeo PLC is 94.5M GBX. 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 Journeo PLC (JNEO)?
The price-to-sales ratio of Journeo PLC is 1.70 (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 Journeo PLC (JNEO)?
Earnings per share at Journeo PLC are £0.2400 (price ÷ EPS = P/E 22.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Journeo PLC (JNEO)?
The net margin of Journeo PLC is 7.5% (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 Journeo PLC (JNEO)?
The return on equity (ROE) of Journeo PLC is 20.6% (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 Journeo PLC (JNEO)?
On an EBIT basis the return on assets of Journeo PLC is 9.0% (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 Journeo PLC (JNEO)?
The operating margin of Journeo PLC is 10.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Journeo PLC (JNEO)?
Revenue at Journeo PLC is growing +27.4% versus a year earlier (3y avg +37.6%). 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 Journeo PLC (JNEO)?
Earnings per share at Journeo PLC are growing −4.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Journeo PLC (JNEO) hold?
Journeo PLC holds more cash than debt, 10.3M GBX net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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