Maps SpA (MAPS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Maps SpA stock €1.17, price €2.28, that is 48.7% below the price, quality 36 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 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 3, 2026.
How to read this chart
60‑month range €2.22 – €4.43 · fair‑value band €0.8200 – €1.52 · the €2.28 price screens above the €1.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Maps S.p.A., a software solution provider, designs and develops technological solutions to support decision-making processes in public and private businesses and organizations. The company is involved in research, analyzing, interpreting, and transforming data solutions.
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It offers ROSE, an energy management system that manages energy resources; Clinika, a semantics-based processing tool for clinical data; GZoom, a value governance solution; and HealthData Flows, which monitors various health facility management data.
Maps S.p.A. was founded in 2002 and is headquartered in Parma, Italy.
Stock analysis
Maps SpA (MAPS) currently trades at €2.28, while our model-based Fair Value estimate is €1.17, 49% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €1.23 per share, and 1 of the 12 models we run sit above the €2.28 price.
Bear case: the Earnings-Based group reads lowest at €0.6900, and 11 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €0.8200 (bear) to €1.52 (bull), the price of €2.28 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 36/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Maps SpA reported revenue of €30.3M in FY2025 versus €24.1M in FY2021, a compound +5.9%/yr. Reported net income was €571K in FY2025, compounding −31.0%/yr from FY2021.
Key figures
Market cap €30.0M Micro · P/E ratio 76.0 · P/S ratio 1.12 · EPS (TTM) €0.0300 · Net margin 1.4% · Return on equity 1.5% · Return on assets (EBIT) 3.3% (5-year average) · Operating margin 10.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −49%, MAPS screens richer than that median.
Fair Value models
Bear€0.8200Fair Value €1.17Bull€1.52
Price €2.28 · Downside -48.7%
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 (€0.0257 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.45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.8%
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.
+45.2%
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.
+8.3%
Start year 2020 (pandemic)
Revenue growth 9 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.
+10.5%
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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.
−8.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.1%
Dividend (yield on the price)0.0%
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.−27.4% vs −9.3%, 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.7% → 6%
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 · 628 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−48.7% · Below median
Profitability
Return on equity (12 months)1.5% · Below median
Return on assets0.9% · Below median
Net margin (12 months)1.4% · Below median
Operating margin (12 months)10.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)−19.1% · Bottom 25%
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)76.0× · Priciest 25%
P/B1.14× · 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)1.12× · Cheapest 25%
EV/EBITDA22.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)0· sector 41
PAST (return on equity)6· sector 20
HEALTH (low debt)88· sector 98
DIVIDEND (yield)0· sector 29
VALUE 0: the price sits above our fair-value range.
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). "Maps SpA Fair Value". https://www.fairvalue-calculator.com/stock/MAPS
Frequently asked questions
Is Maps SpA (MAPS) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of €1.17 versus a price of €2.28, about 49% lower (overvalued).
What is the fair value of MAPS?
Our model-based fair value for Maps SpA is €1.17 (as of Nov 3, 2026), built from audited fundamentals. The current price: €2.28.
What is the quality score of MAPS?
Maps SpA has a Quality Score of 36/100. 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 Maps SpA (MAPS)?
Our model-based price target is the fair value of €1.17 (as of Nov 3, 2026) from 12 valuation models. Cautious scenario €0.8200, optimistic scenario €1.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Maps SpA stock forecast for 2026?
Our models put fair value at €1.17, about 49% lower versus a price of €2.28 (overvalued). Cautious scenario €0.8200, optimistic scenario €1.52. The calculation is refreshed regularly with new filings.
What is the revenue of Maps SpA (MAPS)?
Maps SpA reported trailing-twelve-month revenue of about €26.8M (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Maps SpA (MAPS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Maps SpA it is €1.17 per share (as of Nov 3, 2026), against a price of €2.28. It is the blended result of 12 valuation models in 4 families (Earnings-Based, Multiples, Economic Profit, Growth Earnings).
Is Maps SpA stock overvalued or undervalued in 2026?
As of Nov 3, 2026, MAPS trades above its calculated fair value: price €2.28, fair value €1.17, a gap of about −49% (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 MAPS?
No. The price is what the market pays today (€2.28); the fair value is what the company's own numbers justify (€1.17). For Maps SpA the two are €1.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Maps SpA worth?
The market values Maps SpA at about €30.0M (market capitalisation, as of Nov 3, 2026). Per share that is €2.28; our models calculate a fair value of €1.17 per share.
What do the bullish and bearish scenarios say about MAPS?
Our models span a range for Maps SpA: cautious scenario €0.8200, base €1.17, optimistic €1.52 per share (as of Nov 3, 2026, price €2.28). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAPS?
Maps SpA trades at a price-to-earnings ratio of 76.0 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €1.17 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2025), reported earnings: 21.6. Other multiples: P/B 1.1, P/S 1.1, EV/EBITDA 22.8.
How solid is the balance sheet of Maps SpA (MAPS)?
Balance-sheet figures for Maps SpA (as of Nov 3, 2026): return on equity 1.5%, debt of 0.24 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is MAPS from its 52-week high?
Maps SpA trades at €2.28, about 38% below its 52-week high of €3.65 and 3% above the low of €2.22 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €1.17 is for.
Which stocks are comparable to Maps SpA?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify 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 Maps SpA stock attractive at the current price?
The data as of Nov 3, 2026: price €2.28, calculated fair value €1.17 (−49%), Quality Score 36/100, from 12 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 MAPS calculated?
We run Maps SpA through 12 models from 4 families: Earnings-Based, Multiples, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €1.17 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. Maps SpA 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 Maps SpA (MAPS)?
The closing price on Nov 6, 2026 was €2.28. Our model-based fair value is €1.17, about 49% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Maps SpA right now?
The price sits above even our optimistic bull case (€1.52). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (€0.8200 to €1.52) leaves room in how you read the outcome.
Key figures of Maps SpA
How large is the market capitalisation of Maps SpA (MAPS)?
The market capitalisation of Maps SpA is €30.0M. 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 Maps SpA (MAPS)?
The price-to-sales ratio of Maps SpA is 1.12 (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 Maps SpA (MAPS)?
Earnings per share at Maps SpA are €0.0300 (price ÷ EPS = P/E 76.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Maps SpA (MAPS)?
The net margin of Maps SpA is 1.4% (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 Maps SpA (MAPS)?
The return on equity (ROE) of Maps SpA is 1.5% (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 Maps SpA (MAPS)?
On an EBIT basis the return on assets of Maps SpA is 3.3% (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 Maps SpA (MAPS)?
The operating margin of Maps SpA is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Maps SpA (MAPS)?
Revenue at Maps SpA is growing −19.1% versus a year earlier (3y avg +45.2%). 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 Maps SpA (MAPS)?
Earnings per share at Maps SpA are growing −62.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Maps SpA (MAPS) generate?
The free cash flow of Maps SpA is −€2.3M (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 Maps SpA (MAPS) carry?
The net debt of Maps SpA is €12.8M (fiscal year 2025). 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 3, 2026