NTT System SA (NTT) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of NTT System SA PLN 42.42, price PLN 16.15, upside +162.7%, quality 48 out of 100. 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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 3.32 PLN – 16.90 PLN · fair‑value band 25.77 PLN – 64.51 PLN · the 16.15 PLN price screens below the 42.42 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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NTT System S.A. produces and sells desktops in Poland. The company markets desktops under its own brand and under various partner brands.
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NTT System S.A. produces and sells desktops in Poland. The company markets desktops under its own brand and under various partner brands. It also distributes computers, laptops, smartphones, servers, accessories, smartwatches, components, and peripherals; and provides IT assistance services, computer rental services, and technologies for real estate market, as well as sells its products online. In addition, the company offers tournament machines and gaming accessories under HIRO brand. It markets its products to businesses, institutions, and individuals. NTT System S.A. was incorporated in 2004 and is headquartered in Warsaw, Poland.
Stock analysis
NTT System SA (NTT) currently trades at 16.15 PLN, while our model-based Fair Value estimate is 42.42 PLN, implying the stock looks roughly 61.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 61.50 PLN per share, and 23 of the 26 models we run sit above the 16.15 PLN price.
Bear case: the Asset-Based group reads lowest at 12.28 PLN, and 3 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 25.77 PLN (bear) to 64.51 PLN (bull), the price of 16.15 PLN sits below 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 48/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
NTT System SA reported revenue of 1.4B PLN in FY2025 versus 1.2B PLN in FY2021, a compound +4.8%/yr. Reported net income was 33.9M PLN in FY2025, compounding +17.3%/yr from FY2021.
Key figures
Market cap 219M PLN (≈ $56.9M) · P/E ratio 6.2 · P/S ratio 0.15 · EPS (TTM) 2.59 PLN · Dividend yield 1.4% · Net margin 2.4% · Return on equity 14.7% · Return on assets (EBIT) 6.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 91% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at 163%, NTT screens cheaper than that median.
Fair Value models
Bear 25.77 PLNFair Value 42.42 PLNBull 64.51 PLN
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 9 months old). Earnings retained since then (1.74 PLN 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.
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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.7%
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.
+3.7%
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.
+11.9%
Start year 2020 (pandemic). Over 10 years: +6.6% a year
Revenue growth 17 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.
+4.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+27.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.6%
Dividend (yield on the price)1.4%
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.32% vs 26%, picking up
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.2% → 4%
2025 sits 60% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
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).
+5.9%
Yearly growth needed for the next five years to justify today's price.
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 +2.7% 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.Computer Hardware · 220 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+157% · Top 25%
Profitability
Return on equity (TTM)15% · Above median
Return on assets7% · Top 25%
Net margin (TTM)2% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)1.4% · Below median
Valuation Multiplesvs Computer Hardware 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). "NTT System SA Fair Value". https://www.fairvalue-calculator.com/stock/NTT
Frequently asked questions
Is NTT System SA (NTT) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 42.42 PLN versus a price of 16.15 PLN, about +163% upside (undervalued).
What is the fair value of NTT?
Our model-based fair value for NTT System SA is 42.42 PLN (as of Sep 23, 2026), built from audited fundamentals. The current price: 16.15 PLN.
What is the quality score of NTT?
NTT System SA has a Quality Score of 48/100. 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 NTT System SA (NTT)?
Our model-based price target is the fair value of 42.42 PLN (as of Sep 23, 2026) from 26 valuation models. Cautious scenario 25.77 PLN, optimistic scenario 64.51 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the NTT System SA stock forecast for 2026?
Our models put fair value at 42.42 PLN, about +163% upside versus a price of 16.15 PLN (undervalued). Cautious scenario 25.77 PLN, optimistic scenario 64.51 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of NTT System SA (NTT)?
NTT System SA reported trailing-twelve-month revenue of about 1.4B PLN (latest available figure, as of Sep 23, 2026).
Does NTT System SA pay a dividend?
NTT System SA currently shows a dividend yield of about 1.36% relative to its recent price (as of Sep 23, 2026).
What growth is priced into NTT System SA (NTT)?
For today's price to be fair in a discounted-cash-flow model, NTT System SA would have to grow free cash flow by +5.9 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.9 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of NTT use?
Our models discount NTT System SA at 12.1 %: a base by market capitalisation (micro), damped by beta 0.43, 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 NTT System SA that is +5.9 % per year a year over ten years, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has NTT System SA (NTT) delivered so far?
Over the past 5 years revenue at NTT System SA grew +11.9 % a year. The price currently implies +5.9 % 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 NTT System SA (NTT) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into NTT System SA (+5.9 % 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 NTT System SA (NTT)?
The free-cash-flow yield on the price is 8.34 %: that much free cash flow NTT System SA produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NTT System SA (NTT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NTT System SA it is 42.42 PLN per share (as of Sep 23, 2026), against a price of 16.15 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is NTT System SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, NTT trades below its calculated fair value: price 16.15 PLN, fair value 42.42 PLN, a gap of about +163% (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 NTT?
No. The price is what the market pays today (16.15 PLN); the fair value is what the company's own numbers justify (42.42 PLN). For NTT System SA the two are 26.27 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is NTT System SA worth?
The market values NTT System SA at about 219M PLN (market capitalisation, as of Sep 23, 2026). Per share that is 16.15 PLN; our models calculate a fair value of 42.42 PLN per share.
What do the bullish and bearish scenarios say about NTT?
Our models span a range for NTT System SA: cautious scenario 25.77 PLN, base 42.42 PLN, optimistic 64.51 PLN per share (as of Sep 23, 2026, price 16.15 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NTT?
NTT System SA trades at a price-to-earnings ratio of 6.2 (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 42.42 PLN is built from several models across several years. Other multiples: P/B 0.2, P/S 0.0, EV/EBITDA 0.7.
How solid is the balance sheet of NTT System SA (NTT)?
Balance-sheet figures for NTT System SA (as of Sep 23, 2026): return on equity 14.7%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is NTT from its 52-week high?
NTT System SA trades at 16.15 PLN, about 4% below its 52-week high of 16.90 PLN and 91% above the low of 8.44 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 42.42 PLN is for.
Which stocks are comparable to NTT System SA?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn Corporation, 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 NTT System SA stock attractive at the current price?
The data as of Sep 23, 2026: price 16.15 PLN, calculated fair value 42.42 PLN (+163%), Quality Score 48/100, from 26 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 NTT calculated?
We run NTT System SA through 26 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 42.42 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 13.0 % above its aggregate fair value. NTT System SA currently trades 163 % 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 is it worth investing now.
What is the share price of NTT System SA (NTT)?
The closing price on Sep 24, 2026 was 16.15 PLN. Our model-based fair value is 42.42 PLN, about +163% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NTT System SA right now?
The price is below even our cautious bear case (25.77 PLN). The market is more pessimistic than our downside scenario. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (25.77 PLN to 64.51 PLN) leaves room in how you read the outcome.
Where does the earnings growth of NTT System SA (NTT) come from?
Earnings per share at NTT System SA grew +21.6 % a year from 2013 to 2024. Broken into its drivers: revenue per share +8.4 %, EBIT margin +7.4 %, tax rate +0.6 %, residual (interest, one-offs) +3.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of NTT System SA
How large is the market capitalisation of NTT System SA (NTT)?
The market capitalisation of NTT System SA is 219M PLN (≈ $56.9M). 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 NTT System SA (NTT)?
The price-to-sales ratio of NTT System SA is 0.15 (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 NTT System SA (NTT)?
Earnings per share at NTT System SA are 2.59 PLN (price ÷ EPS = P/E 6.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NTT System SA (NTT)?
The dividend yield of NTT System SA is 1.4% (payout 8.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of NTT System SA (NTT)?
The net margin of NTT System SA is 2.4% (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 NTT System SA (NTT)?
The return on equity (ROE) of NTT System SA is 14.7% (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 NTT System SA (NTT)?
On an EBIT basis the return on assets of NTT System SA is 6.7% (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 NTT System SA (NTT)?
The operating margin of NTT System SA is 4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NTT System SA (NTT)?
Revenue at NTT System SA is growing +14.4% versus a year earlier (3y avg +3.7%). 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 NTT System SA (NTT)?
Earnings per share at NTT System SA are growing +21.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NTT System SA (NTT) carry?
The net debt of NTT System SA is 10.7M PLN (fiscal year 2025, ≈ 0.6 yrs of FCF). 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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