Nemetschek SE (NEMTF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Nemetschek SE $67.10, price $61.00, upside +10.0%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Nemetschek SE
NEMTF · USNeutralQuality growthThe stock looks roughly fairly valued with average quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $45.56 – $161.04 · fair‑value band $50.33 – $122.46 · the $61.00 price screens below the $67.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Nemetschek SE provides software solutions for architecture, engineering, construction, operation, and media industries in Germany, the rest of Europe, the Americas, the Asia Pacific, and internationally. The company operates in four segments: Design, Build, Manage, and Media.
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Nemetschek SE provides software solutions for architecture, engineering, construction, operation, and media industries in Germany, the rest of Europe, the Americas, the Asia Pacific, and internationally. The company operates in four segments: Design, Build, Manage, and Media. The Design segment offers software solutions primarily under the Allplan, Graphisoft, and dRofus brands for architects, designers, engineers, structural engineers, specialist planners, and landscape designers, as well as developers and general contractors. This segment provides building information modeling (BIM) solutions for computer-aided design and engineering. The Build segment offers 5D BIM solutions, commercial enterprise resource planning solutions, and cloud-based workflow solutions under the Nevaris and Bluebeam brands to construction companies, developers, suppliers, general contractors, planning offices, architects, and civil engineers. The Manage segment provides software solutions for property, facility, and workplace management; building platforms for the operation and management of buildings under the Spacewell and Crem Solutions brands to property managers, facility managers, global real estate companies, banks, and insurance companies. The Media segment offers software solutions under the Maxon name, including 3D modeling, painting, animation, sculpting, and rendering solutions to create 3D motion graphics, architectural or product visualizations, graphics for computer games, medical illustrations, industrial designs, and visual effects for architects and designers, film and TV studios, advertising agencies, the video game industry, product and graphic designers, and freelancers. Nemetschek SE was founded in 1963 and is headquartered in Munich, Germany.
Stock analysis
Nemetschek SE (NEMTF) currently trades at $61.00, while our model-based Fair Value estimate is $67.10, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $79.02 per share, and 11 of the 26 models we run sit above the $61.00 price.
Bear case: the Dividend Discount group reads lowest at $9.35, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $50.33 (bear) to $122.46 (bull), the price of $61.00 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 73/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nemetschek SE reported revenue of €1.2B in FY2025 versus €681M in FY2021, a compound +15.0%/yr. Reported net income was €217M in FY2025, compounding +12.7%/yr from FY2021.
Key figures
Market cap $8.2B · P/E ratio 26.1 · P/S ratio 4.75 · EPS (TTM) $2.34 · Dividend yield 1.1% · Net margin 18.2% · Return on equity 23.9% · Return on assets (EBIT) 14.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (medium confidence).
What moves the price
The share trades about 62% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at 10%, NEMTF screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 72 · Market factors (momentum, volatility) 19
Revenue & earnings trend
Growth Forecast
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Earlier news
- Nemetschek SE (NEMTF) (H1 2026) Earnings Call Highlights: Strong Revenue Growth and AI ...
- The Strong Earnings Posted By Nemetschek (ETR:NEM) Are A Good Indication Of The Strength Of The Business
- Nemetschek SE (NEMTF) Q1 2026 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Compare Nemetschek SE with another stock
Price, fair value, quality and upside side by side.
Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate.
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|---|---|---|---|
| SAP SE SAP | €186.74 | €172.46 | −8% |
| Salesforce, Inc CRM | $229.57 | $342.73 | +49% |
| Shopify Inc SHOP | $144.01 | $64.36 | −55% |
| ServiceNow, Inc NOW | $134.01 | $147.41 | +10% |
| Uber Technologies, Inc UBER | $69.36 | $103.69 | +49% |
| Snowflake Inc SNOW | $330.31 | $74.36 | −77% |
| Automatic Data Processing, Inc ADP | $261.80 | $150.01 | −43% |
| Adobe Inc ADBE | $239.94 | $454.04 | +89% |
| Datadog, Inc DDOG | $268.70 | $32.52 | −88% |
| Cadence Design Systems, Inc CDNS | $326.70 | $225.48 | −31% |
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