Legimi S.A (LEG) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Legimi S.A stock PLN 23.91, price PLN 30.00, that is 20.3% below the price, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 13.60 PLN – 65.50 PLN · fair‑value band 21.46 PLN – 28.78 PLN · the 30.00 PLN price screens above the 23.91 PLN fair value. As of Nov 4, 2026.
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Legimi S.A. operates the Legimi platform for access to electronic publications in Poland. It offers e-books and audiobooks through its website, an application for e-readers, smartphones, and tablets. The company was incorporated in 2017 and is based in Poznan, Poland.
Stock analysis
Legimi S.A (LEG) currently trades at 30.00 PLN, while our model-based Fair Value estimate is 23.91 PLN, 20% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 50.16 PLN per share, and 12 of the 23 models we run sit above the 30.00 PLN price.
Bear case: the Asset-Based group reads lowest at 2.54 PLN, and 11 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: 21.46 PLN (bear) to 28.78 PLN (bull), the price of 30.00 PLN 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 54/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Legimi S.A reported revenue of 108M PLN in FY2025 versus 62.7M PLN in FY2022, a compound +20.0%/yr. Reported net income was 1.3M PLN in FY2025, compounding +66.7%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap 48.6M PLN (≈ $12.4M) Micro · P/S ratio 0.47 · EPS (TTM) −1.89 PLN · Net margin −2.9% · Return on equity −61.4% · Return on assets (EBIT) 9.6% · Operating margin −10.4% · Revenue (TTM) 104M PLN.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at −20%, LEG screens richer than that median.
Fair Value models
Bear21.46 PLNFair Value 23.91 PLNBull28.78 PLN
Price 30.00 PLN · Downside -20.3%
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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.8%
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.
+20.0%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
+62.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+62.0%
Dividend (yield on the price)0.0%
Profit margin 2022 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% → 3%
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).
−12.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about −15.2% 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.Software - Application · 632 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−20.3% · Below median
Profitability
Return on assets4.5% · Above median
Net margin (12 months)−2.9% · Below median
Operating margin (12 months)−10.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−7.6% · Bottom 25%
Valuation Multiplesvs Software - Application 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). "Legimi S.A Fair Value". https://www.fairvalue-calculator.com/stock/LEG.WAR
Frequently asked questions
Is Legimi S.A (LEG) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 23.91 PLN versus a price of 30.00 PLN, about 20% lower (overvalued).
What is the fair value of LEG?
Our model-based fair value for Legimi S.A is 23.91 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 30.00 PLN.
What is the quality score of LEG?
Legimi S.A has a Quality Score of 54/100. 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 Legimi S.A (LEG)?
Our model-based price target is the fair value of 23.91 PLN (as of Nov 4, 2026) from 23 valuation models. Cautious scenario 21.46 PLN, optimistic scenario 28.78 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Legimi S.A stock forecast for 2026?
Our models put fair value at 23.91 PLN, about 20% lower versus a price of 30.00 PLN (overvalued). Cautious scenario 21.46 PLN, optimistic scenario 28.78 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Legimi S.A (LEG)?
Legimi S.A reported trailing-twelve-month revenue of about 104M PLN (latest available figure, as of Nov 4, 2026).
What growth is priced into Legimi S.A (LEG)?
For today's price to be fair in a discounted-cash-flow model, Legimi S.A would have to grow free cash flow by -12.6 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +20.0 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of LEG use?
Our models discount Legimi S.A at 9.8 %: a base by market capitalisation (nano), damped by beta 0.68, country premium for Poland. 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 Legimi S.A that is -12.6 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Legimi S.A (LEG) delivered so far?
Over the past 3 years revenue at Legimi S.A grew +20.0 % a year. The price currently implies -12.6 % 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 Legimi S.A (LEG) growing?
The median revenue growth in the sector is +15.6 % a year. That is the yardstick for the growth priced into Legimi S.A (-12.6 % 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 Legimi S.A (LEG)?
The free-cash-flow yield on the price is 13.93 %: that much free cash flow Legimi S.A produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Legimi S.A (LEG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Legimi S.A it is 23.91 PLN per share (as of Nov 4, 2026), against a price of 30.00 PLN. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Legimi S.A stock overvalued or undervalued in 2026?
As of Nov 4, 2026, LEG trades above its calculated fair value: price 30.00 PLN, fair value 23.91 PLN, a gap of about −20% (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 LEG?
No. The price is what the market pays today (30.00 PLN); the fair value is what the company's own numbers justify (23.91 PLN). For Legimi S.A the two are 6.09 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Legimi S.A worth?
The market values Legimi S.A at about 48.6M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 30.00 PLN; our models calculate a fair value of 23.91 PLN per share.
What do the bullish and bearish scenarios say about LEG?
Our models span a range for Legimi S.A: cautious scenario 21.46 PLN, base 23.91 PLN, optimistic 28.78 PLN per share (as of Nov 4, 2026, price 30.00 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Legimi S.A (LEG)?
Balance-sheet figures for Legimi S.A (as of Nov 4, 2026): return on equity −61.4%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is LEG from its 52-week high?
Legimi S.A trades at 30.00 PLN, about 23% below its 52-week high of 38.90 PLN and 18% above the low of 25.40 PLN (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 23.91 PLN is for.
Which stocks are comparable to Legimi S.A?
From the same area (Technology) we also value SAP SE, Shopify Inc, Salesforce, Inc, ServiceNow, Inc, 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 Legimi S.A stock attractive at the current price?
The data as of Nov 4, 2026: price 30.00 PLN, calculated fair value 23.91 PLN (−20%), Quality Score 54/100, from 23 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 LEG calculated?
We run Legimi S.A through 23 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 23.91 PLN, 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 15.0% above its aggregate fair value. Legimi S.A 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 Legimi S.A (LEG)?
The closing price on Nov 4, 2026 was 30.00 PLN. Our model-based fair value is 23.91 PLN, about 20% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Legimi S.A right now?
The price sits above even our optimistic bull case (28.78 PLN). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Legimi S.A
How large is the market capitalisation of Legimi S.A (LEG)?
The market capitalisation of Legimi S.A is 48.6M PLN (≈ $12.4M). 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 Legimi S.A (LEG)?
The price-to-sales ratio of Legimi S.A is 0.47 (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 Legimi S.A (LEG)?
Earnings per share at Legimi S.A are −1.89 PLN. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Legimi S.A (LEG)?
The net margin of Legimi S.A is −2.9% (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 Legimi S.A (LEG)?
The return on equity (ROE) of Legimi S.A is −61.4% (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 Legimi S.A (LEG)?
On an EBIT basis the return on assets of Legimi S.A is 9.6% (avg 4y). 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 Legimi S.A (LEG)?
The operating margin of Legimi S.A is −10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Legimi S.A (LEG)?
Revenue at Legimi S.A is growing −7.6% versus a year earlier (3y avg +20.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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