EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Macquarie Technology Group Ltd (MAQ) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Macquarie Technology Group Ltd A$24.28, price A$57.79, upside -58.0%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · AU · ISIN AU000000MAQ4

MT Some data Sep 23, 2026

Macquarie Technology Group Ltd

MAQ · AU

Weakest SetupStrongly overvalued and low quality.

!Fair value A$24.28 · Strongly overvalued (−58%)
!Quality 38/100
!Mixed Growth (revenue 5y +6.8 %/yr)
!Thin margins · 8.8% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (4/13)
!Moderate moat 48/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 27 out of 100
!Weak on past: 27 out of 100
Watch Macquarie Technology Group Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

A$98.01 A$50.78 Fair Value A$24.28 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 A$50.78 – A$98.01 · fair‑value band A$17.00 – A$31.56 · the A$57.79 price screens above the A$24.28 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.

Follow Macquarie Technology Group in your weekly email

Every Wednesday you see whether Macquarie Technology Group is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Macquarie Technology Group Limited provides telecommunication, cloud computing, cybersecurity, and data center services to corporate and government customers in Australia.

Show more

Macquarie Technology Group Limited provides telecommunication, cloud computing, cybersecurity, and data center services to corporate and government customers in Australia. The company offers voice services, such as teams calling, unified communications, and video and Web conferencing services, as well as Hello, a cloud-based hosted voice system; SASE that delivers up-to date attack protection in real time; SD-WAN, Azure, enterprise ethernet, SD-LAN, fleet management tools, and network agnostics and local support services; public, hybrid, and private cloud services; and managed, disaster recovery, data backup, cyber security, and colocation services. It also provides managed, disaster recovery, data backup, cyber security colocation, connectivity, and engineering services. The company was formerly known as Macquarie Telecom Group Limited and changed its name to Macquarie Technology Group Limited in May 2023. Macquarie Technology Group Limited was incorporated in 1992 and is headquartered in Sydney, Australia.

Stock analysis

Macquarie Technology Group Ltd (MAQ) currently trades at A$57.79, while our model-based Fair Value estimate is A$24.28, implying the stock looks roughly 138.0% overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of A$25.58 per share, and 0 of the 13 models we run sit above the A$57.79 price.

Bear case: the Earnings-Based group reads lowest at A$11.30, and 13 of the 13 models stay below the price. Evidence for this calculation is medium.

Scenario range: A$17.00 (bear) to A$31.56 (bull), the price of A$57.79 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 38/100 (below-average quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Macquarie Technology Group Ltd reported revenue of A$370M in FY2025 versus A$285M in FY2021, a compound +6.7%/yr. Reported net income was A$34.9M in FY2025, compounding +29.1%/yr from FY2021.

Key figures

Market cap A$1.7B (≈ $1.2B) · P/E ratio 45.1 · P/S ratio 4.26 · EPS (TTM) A$1.28 · Net margin 9.4% · Return on equity 6.8% · Return on assets (EBIT) 6.6% · Operating margin 15.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 26% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 66% fair-value upside, at −58%, MAQ screens richer than that median.

Fair Value models

Bear A$17.00 Fair Value A$24.28 Bull A$31.56
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 12 months old). Earnings retained since then (A$1.28 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
EPV A$9.54 A$11.30 A$12.77 74
ROIC Compounder A$9.54 A$11.30 A$12.77 72
Residual Income A$14.45 A$14.88 A$14.92 71
All 13 models by family
Earnings-Based
Graham-Dodd A$9.20 A$22.35 A$28.89 65
PEG = 1.0 A$3.98 A$5.68 A$7.38 57
EPV A$9.54 A$11.30 A$12.77 74
Multiples
P/E Multiple A$22.31 A$29.75 A$37.19 63
P/S Multiple A$17.24 A$22.99 A$28.74 58
P/B Multiple A$17.24 A$22.99 A$28.74 55
EV/EBIT A$23.35 A$32.26 A$41.16 66
EV/EBITDA A$36.31 A$49.53 A$62.76 67
EV/Revenue A$16.90 A$25.58 A$34.26 53
Asset-Based
NCAV (Graham) A$9.45 A$12.66 A$18.90 54
Economic Profit
Residual Income A$14.45 A$14.88 A$14.92 71
ROIC Compounder A$9.54 A$11.30 A$12.77 72
Growth Earnings
Growth-Adj P/E A$17.00 A$24.28 A$31.56 67

Open the full fair value analysis →

Notify me when MAQ reaches fair value

Put MAQ on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 38/100

Of which business quality 41 · Market factors (momentum, volatility) 38

Profitability 36
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 14
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 17
Share count: buybacks or dilution?

Open the full quality analysis →

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. 27/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.7%
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.
+6.1%
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.
+6.8%
Start year 2020 (pandemic). Over 10 years: +6.7% a year
Revenue growth 28 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.
+7.3%
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.
≈ +15.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.6%
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.17% vs 18%, steady
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.9% → 16%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 65% above its own trend.

MAQ screens 138% overvalued. Compare with International Business Machines Corporation →

Compare Macquarie Technology Group Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Information Technology Services · 490 stocks

Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside −58% · Bottom 25%
Profitability
Return on equity (TTM) 7% · Below median
Return on assets 5% · Above median
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 15% · Top 25%
Growth and dividend
Revenue growth 5% · Below median
Balance sheet
Debt / equity 0.19× · Above median

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/E (TTM) 45.1× · Priciest 25%
P/B 2.45× · Pricier than median
P/S (TTM) 3.14× · Priciest 25%
EV/EBITDA 12.8× · Pricier than median
PEG 0.75× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 44
FUTURE (revenue growth)27 · sector 31
PAST (return on equity)27 · sector 36
HEALTH (low debt)90 · sector 97
DIVIDEND (yield)0 · sector 43

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $231.38 $188.22 −19%
Accenture plc ACN $183.72 $305.06 +66%
Tata Consultancy Services Limited TCS ₹2,090 ₹2,993 +43%
Infosys Limited INFY ₹1,021 ₹1,690 +66%
HCL Technologies Limited HCLTECH ₹1,257 ₹1,926 +53%
Fidelity National Information Services, Inc FIS $34.96 $32.47 −7%
Cognizant Technology Solutions Corporation CTSH $58.68 $132.01 +125%
Wipro Limited WIPRO ₹164.90 ₹287.90 +75%
Capgemini SE CAP €106.30 €223.90 +111%
CDW Corporation CDW $147.43 $162.00 +10%

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

Macquarie Technology Group Ltd · Fair Value
A$24.28 −138%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Macquarie Technology Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MAQ

Frequently asked questions

Is Macquarie Technology Group Ltd (MAQ) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$24.28 versus a price of A$57.79, about −58% upside (overvalued).
What is the fair value of MAQ?
Our model-based fair value for Macquarie Technology Group Ltd is A$24.28 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$57.79.
What is the quality score of MAQ?
Macquarie Technology Group Ltd has a Quality Score of 38/100. 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 Macquarie Technology Group Ltd (MAQ)?
Our model-based price target is the fair value of A$24.28 (as of Sep 23, 2026) from 13 valuation models. Cautious scenario A$17.00, optimistic scenario A$31.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Macquarie Technology Group Ltd stock forecast for 2026?
Our models put fair value at A$24.28, about −58% upside versus a price of A$57.79 (overvalued). Cautious scenario A$17.00, optimistic scenario A$31.56. The calculation is refreshed regularly with new filings.
What is the revenue of Macquarie Technology Group Ltd (MAQ)?
Macquarie Technology Group Ltd reported trailing-twelve-month revenue of about A$379M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Macquarie Technology Group Ltd (MAQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Macquarie Technology Group Ltd it is A$24.28 per share (as of Sep 23, 2026), against a price of A$57.79. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Macquarie Technology Group Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, MAQ trades above its calculated fair value: price A$57.79, fair value A$24.28, a gap of about −58% (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 MAQ?
No. The price is what the market pays today (A$57.79); the fair value is what the company's own numbers justify (A$24.28). For Macquarie Technology Group Ltd the two are A$33.51 per share apart. That gap is exactly why we show both numbers side by side.
How much is Macquarie Technology Group Ltd worth?
The market values Macquarie Technology Group Ltd at about A$1.7B (market capitalisation, as of Sep 23, 2026). Per share that is A$57.79; our models calculate a fair value of A$24.28 per share.
What do the bullish and bearish scenarios say about MAQ?
Our models span a range for Macquarie Technology Group Ltd: cautious scenario A$17.00, base A$24.28, optimistic A$31.56 per share (as of Sep 23, 2026, price A$57.79). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAQ?
Macquarie Technology Group Ltd trades at a price-to-earnings ratio of 45.1 (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 A$24.28 is built from several models across several years. Other multiples: PEG 0.7, P/B 2.5, P/S 3.1, EV/EBITDA 12.8.
What is the PEG ratio of MAQ?
The PEG ratio of Macquarie Technology Group Ltd is 0.75 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Macquarie Technology Group Ltd (MAQ)?
Balance-sheet figures for Macquarie Technology Group Ltd (as of Sep 23, 2026): return on equity 6.8%, debt of 0.19 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is MAQ from its 52-week high?
Macquarie Technology Group Ltd trades at A$57.79, about 26% below its 52-week high of A$78.30 and 14% above the low of A$50.78 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of A$24.28 is for.
Which stocks are comparable to Macquarie Technology Group Ltd?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Macquarie Technology Group Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$57.79, calculated fair value A$24.28 (−58%), Quality Score 38/100, from 13 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 MAQ calculated?
We run Macquarie Technology Group Ltd through 13 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 A$24.28, 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. Macquarie Technology Group Ltd 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 Macquarie Technology Group Ltd (MAQ)?
The closing price on Sep 23, 2026 was A$57.79. Our model-based fair value is A$24.28, about −58% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Macquarie Technology Group Ltd right now?
The price sits above even our optimistic bull case (A$31.56). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (A$17.00 to A$31.56) leaves room in how you read the outcome.

Key figures of Macquarie Technology Group Ltd

How large is the market capitalisation of Macquarie Technology Group Ltd (MAQ)?
The market capitalisation of Macquarie Technology Group Ltd is A$1.7B (≈ $1.2B). 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 Macquarie Technology Group Ltd (MAQ)?
The price-to-sales ratio of Macquarie Technology Group Ltd is 4.26 (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 Macquarie Technology Group Ltd (MAQ)?
Earnings per share at Macquarie Technology Group Ltd are A$1.28 (price ÷ EPS = P/E 45.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Macquarie Technology Group Ltd (MAQ)?
The net margin of Macquarie Technology Group Ltd is 9.4% (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 Macquarie Technology Group Ltd (MAQ)?
The return on equity (ROE) of Macquarie Technology Group Ltd is 6.8% (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 Macquarie Technology Group Ltd (MAQ)?
On an EBIT basis the return on assets of Macquarie Technology Group Ltd is 6.6% (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 Macquarie Technology Group Ltd (MAQ)?
The operating margin of Macquarie Technology Group Ltd is 15.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Macquarie Technology Group Ltd (MAQ)?
Revenue at Macquarie Technology Group Ltd is growing +5.3% versus a year earlier (3y avg +6.1%). 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 Macquarie Technology Group Ltd (MAQ)?
Earnings per share at Macquarie Technology Group Ltd are growing −9.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Macquarie Technology Group Ltd (MAQ) generate?
The free cash flow of Macquarie Technology Group Ltd is −A$17.3M (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 Macquarie Technology Group Ltd (MAQ) carry?
The net debt of Macquarie Technology Group Ltd is A$123M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Macquarie Technology Group Ltd in the live analysis

One click puts Macquarie Technology Group Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.