Signify N.V. (LIGHT) fair value: what the stock is really worth
We calculate from audited financials what Signify N.V. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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Industrials · NL · Market cap €1.9B · ISIN NL0011821392
At a glance
SNSignify N.V.LIGHT · AS
Price€15.09
Fair Value€38.52
Upside+155.3%
Quality63/100
A solid business, trading 61% below our fair value of €38.52.
As of Sep 8, 2026, the fair value of Signify N.V. is €38.52 per share against a price of €15.09, so the fair value sits 155% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y −2.4 %/yr)
!Thin margins · 3.5% net margin
✓Low debt · generates free cash flow
✓Ranks above peers (10/14)
!Narrow moat 39/100
!Weak on past: 27 out of 100
Evidence: HighRange €25.80 to €53.74
Fair value as of: Sep 8, 2026
From 24 valuation models · updated 3 days ago
Share price −1.5% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price is below even our cautious bear case (€25.80). The market is more pessimistic than our downside scenario.
Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
A fairly wide model range (€25.80 to €53.74) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 8, 2026.
How to read this chart
60‑month range €13.97 – €36.81 · fair‑value band €25.80 – €53.74 · the €15.09 price screens below the €38.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 8, 2026.
Signify N.V. (LIGHT) currently trades at €15.09, while our model-based Fair Value estimate is €38.52, implying the stock looks roughly 60.8% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of €44.89 per share, and 22 of the 24 models we run sit above the €15.09 price. Bear case: the Dividend Discount group reads lowest at €14.31, and 2 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Signify N.V. generated revenue of €5.6B at a net margin of 3.5%. Revenue declined 12.0% year over year. It earns a return on equity of 6.8%. Net debt stands at €958M. Fundamentals as of Sep 8, 2026
Scenario range: €25.80 (bear) to €53.74 (bull), the price of €15.09 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 32% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 155%, LIGHT screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (€1.07 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio9.8
P/S ratio0.43P/E × margin
EPS (TTM)€1.54price ÷ EPS = P/E 9.8
Dividend yield8.2%payout 80.4%
Net margin4.4%FY2025
Return on equity6.8%TTM
More key figures
Profitability
Return on assets (EBIT)6.1%avg 5y
Operating margin7.1%TTM
Growth
Revenue (TTM)€5.6BTTM
Revenue growth (YoY)−12.0%3y avg −8.5%
EPS growth (YoY)−90.6%
Balance sheet & cash flow
Free cash flow€399MFY2025
Net debt€958MFY2025 · ≈ 2.4 yrs of FCF
Figures from reported company fundamentals · as of Sep 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality63/100
Of which business quality 61
· Market factors (momentum, volatility) 24
Profitability46
Margins and returns on capital today
Quality Growth43
Are margins and returns improving?
Cashflow62
Earnings quality: real cash, not paper profit
Fin. Strength45
Balance sheet, leverage, solvency risk
Investment100
Disciplined investing over empire-building
Low Volatility58
Calm price path (market factor)
Momentum15
Price trend over the last 3–12 months (market factor)
52W Momentum1
Distance to the 52-week high (market factor)
Net Issuance95
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Signify N.V. provides lighting products, systems, and services in Europe, the Americas, and internationally. It operates through Professional, Consumer, OEM, and Conventional segments.
Full company description
Signify N.V. provides lighting products, systems, and services in Europe, the Americas, and internationally. It operates through Professional, Consumer, OEM, and Conventional segments. The company offers LED products and connected lighting systems and services, including functional LED luminaires, LED and conventional lamps and tubes, and lighting components such as LED drivers, electronics, modules, and sensors. In addition, it produces lamps based on LED technologies, which include high-intensity discharge lamps, compact fluorescent, halogen, incandescent, and specialty lighting products consisting of projection lighting for consumers, electrical installers, distributors, and professional end-users. The company's LED systems and services are used for various market segments, including offices, commercial buildings, shops, hospitality venues, industry, agriculture, and outdoor environments. Signify N.V. was founded in 1891 and is headquartered in Eindhoven, the Netherlands.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Signify N.V. reported revenue of €5.8B in FY2025 versus €6.9B in FY2021, a compound −4.3%/yr. Reported net income was €254M in FY2025, compounding −10.6%/yr from FY2021.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€5.8B
Latest YoY
−6.2%
Avg. revenue growth/yr (3Y) ⓘ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.
−8.5%
Avg. revenue growth/yr (5Y) ⓘ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.
−2.4%
Avg. revenue growth/yr (12Y) ⓘ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.
−1.8%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+4.1%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−4.1%
Dividend yield8.2%
Trend ⓘ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.5Y −4.1% vs 10Y 3.9%, flattening
Operating margin (EBIT) ⓘ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.6.4% (2020) → 8.1% (2025) · rising
Worst earnings drop61% (2023) · in EUR
Revenue−4.3%/yr
FY21€6.9B
FY22€7.5B
FY23€6.7B
FY24€6.1B
FY25€5.8B
Net income−10.6%/yr
FY21€397M
FY22€523M
FY23€203M
FY24€328M
FY25€254M
Character of growth · EPS growth decomposed (2015-2025)+4.8 % p.a.
Revenue per share+0.1 %
of which total revenue −1.9 % · buybacks/dilution +2.0 %
EBIT margin+4.6 %
Tax rate+2.3 %
Residual (interest, one-offs)−2.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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.
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.
Valuation
Quality Score63 · Top 25%
Fair Value upside+149% · Top 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets4% · Above median
Net margin (TTM)3% · Below median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth−12% · Bottom 25%
Dividend yield (TTM)8.2% · Top 25%
Balance sheet
Debt / equity0.35× · Highest 25%
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)9.8× · Cheapest 25%
P/B0.86× · Cheapest 25%
P/S (TTM)0.41× · Cheapest 25%
P/FCF5.7× · Pricier than median
EV/EBITDA4.7× · Cheapest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Signify N.V. deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years-8.6 % per year
Achieved revenue growth, 5 years-2.4 % p.a.
Sector median revenue growth+4.6 %
FCF yield on price21.18 %
Discount rate (WACC) in the models9.3 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE100· sector 0
FUTURE0· sector 56
PAST27· sector 26
HEALTH83· sector 97
DIVIDEND100· sector 23
Insider activity: 45/100
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
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Sep 8, 2026).
Is Signify N.V. (LIGHT) overvalued or undervalued?
As of Sep 8, 2026, our model estimates a fair value of €38.52 versus a price of €15.09, about +155% upside (undervalued).
What is the fair value of LIGHT?
Our model-based fair value for Signify N.V. is €38.52 (as of Sep 8, 2026), built from audited fundamentals. The current price: €15.09.
What is the quality score of LIGHT?
Signify N.V. has a Quality Score of 63/100. 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 Signify N.V. (LIGHT)?
Our model-based price target is the fair value of €38.52 (as of Sep 8, 2026) from 24 valuation models. Cautious scenario €25.80, optimistic scenario €53.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Signify N.V. stock forecast for 2026?
Our models put fair value at €38.52, about +155% upside versus a price of €15.09 (undervalued). Cautious scenario €25.80, optimistic scenario €53.74. The calculation is refreshed regularly with new filings.
What is the revenue of Signify N.V. (LIGHT)?
Signify N.V. reported trailing-twelve-month revenue of about €5.6B (latest available figure, as of Sep 8, 2026).
What is the net profit margin of LIGHT?
The net profit margin of Signify N.V. is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does Signify N.V. pay a dividend?
Signify N.V. currently shows a dividend yield of about 8.21% relative to its recent price (as of Sep 8, 2026).
What growth is priced into Signify N.V. (LIGHT)?
For today's price to be fair in a discounted-cash-flow model, Signify N.V. would have to grow free cash flow by -8.6 % per year for ten years (discount rate 9.3 %, then 2 % perpetual growth). Over the last 5 years revenue grew -2.4 % per year. As of Sep 8, 2026.
What discount rate (WACC) does the fair value of LIGHT use?
Our models discount Signify N.V. at 9.3 %: a base by market capitalisation (mid), damped by beta 0.93, country premium for Netherlands. The same rate applies in all 26 models.
What is the intrinsic value of Signify N.V. (LIGHT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Signify N.V. it is €38.52 per share (as of Sep 8, 2026), against a price of €15.09. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Signify N.V. stock overvalued or undervalued in 2026?
As of Sep 8, 2026, LIGHT trades below its calculated fair value: price €15.09, fair value €38.52, a gap of about +155% (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 LIGHT?
No. The price is what the market pays today (€15.09); the fair value is what the company's own numbers justify (€38.52). For Signify N.V. the two are €23.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Signify N.V. worth?
The market values Signify N.V. at about €1.9B (market capitalisation, as of Sep 8, 2026). Per share that is €15.09; our models calculate a fair value of €38.52 per share.
What do the bullish and bearish scenarios say about LIGHT?
Our models span a range for Signify N.V.: cautious scenario €25.80, base €38.52, optimistic €53.74 per share (as of Sep 8, 2026, price €15.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LIGHT?
Signify N.V. trades at a price-to-earnings ratio of 9.8 (as of Sep 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €38.52 is built from several models across several years. Other multiples: P/B 0.9, P/S 0.4, EV/EBITDA 4.7.
How solid is the balance sheet of Signify N.V. (LIGHT)?
Balance-sheet figures for Signify N.V. (as of Sep 8, 2026): return on equity 6.8%, debt of 0.35 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is LIGHT from its 52-week high?
Signify N.V. trades at €15.09, about 32% below its 52-week high of €22.05 (as of Sep 8, 2026). Distance from the high says nothing about value: that is what the fair value of €38.52 is for.
Which stocks are comparable to Signify N.V.?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Signify N.V. stock attractive at the current price?
The data as of Sep 8, 2026: price €15.09, calculated fair value €38.52 (+155%), Quality Score 63/100, 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 LIGHT calculated?
We run Signify N.V. 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 €38.52, 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 32.6 % above its aggregate fair value. Signify N.V. currently trades 155 % 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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