The Payments Group Holding GmbH & Co KGaA (PGH) fair value: what the stock is really worth
As of Sep 18, 2026: fair value of The Payments Group Holding GmbH & Co KGaA €0.39, price €0.20, upside +100.0%, quality 57 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 €0.1810 – €1.96 · fair‑value band €0.2600 – €0.4890 · the €0.1950 price screens below the €0.3900 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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SGT German Private Equity GmbH & Co. KGaA acquires, fosters, and sells stakes in established businesses. The company operates through two segments: Asset Management and Investment. The Asset Management segment offers investments, value creation initiatives, and divestments for self-launched private equity funds in which institutional investors.
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SGT German Private Equity GmbH & Co. KGaA acquires, fosters, and sells stakes in established businesses. The company operates through two segments: Asset Management and Investment. The Asset Management segment offers investments, value creation initiatives, and divestments for self-launched private equity funds in which institutional investors. The Investment segment is involved acquisition, holding, administration, and promotion of start-up company investments offered to support in sales, marketing, finance, and general organizational and management matters; and to support in the financing of portfolio companies. The company previously known as German Startups Group GmbH & Co. KGaA. SGT German Private Equity GmbH & Co. KGaA was founded in 2012 and is based in Frankfurt am Main, Germany.
Stock analysis
The Payments Group Holding GmbH & Co KGaA (PGH) currently trades at €0.1950, while our model-based Fair Value estimate is €0.3900, implying the stock looks roughly 50.0% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: €0.2600 (bear) to €0.4890 (bull), the price of €0.1950 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 57/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
The Payments Group Holding GmbH & Co KGaA reported revenue of €737K in FY2025 versus €12.2M in FY2021, a compound −50.4%/yr. Reported net income was −€1.8M in FY2025.
Key figures
Market cap €2.8M · P/S ratio 13.8 · EPS (TTM) €−0.1800 · Return on equity −15.0% · Return on assets (EBIT) −88.6% · Operating margin 189% · Free cash flow −€2.4M · Net cash €201K.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 74% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 100%, PGH screens cheaper than that median.
Fair Value models
Bear €0.2600Fair Value €0.3900Bull €0.4890
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.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.0/100
Revenue growth is weak, negative or inconsistent.
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.
−62.7%
Revenue growth 12 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.
+15.8%
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Profit margin (trend) ⓘ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.
−34.1% (2020) → −291.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare The Payments Group Holding GmbH & Co KGaA with another stock
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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.Asset Management · 656 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+100% · Top 25%
Profitability
Return on assets−12% · Bottom 25%
Operating margin (TTM)189% · Top 25%
Growth and dividend
Revenue growth0% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Cite: Fair Value Calculator (2026). "The Payments Group Holding GmbH & Co KGaA Fair Value". https://www.fairvalue-calculator.com/stock/PGH
Frequently asked questions
Is The Payments Group Holding GmbH & Co KGaA (PGH) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €0.3900 versus the last price from Sep 18, 2026 of €0.1950, about +100% upside (undervalued).
What is the fair value of PGH?
Our model-based fair value for The Payments Group Holding GmbH & Co KGaA is €0.3900 (as of Sep 23, 2026), built from audited fundamentals. Last price (from Sep 18, 2026): €0.1950.
What is the quality score of PGH?
The Payments Group Holding GmbH & Co KGaA has a Quality Score of 57/100. 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 The Payments Group Holding GmbH & Co KGaA (PGH)?
Our model-based price target is the fair value of €0.3900 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario €0.2600, optimistic scenario €0.4890. It is a calculation from audited fundamentals, not an analyst target.
What is the The Payments Group Holding GmbH & Co KGaA stock forecast for 2026?
Our models put fair value at €0.3900, about +100% upside versus the last price from Sep 18, 2026 of €0.1950 (undervalued). Cautious scenario €0.2600, optimistic scenario €0.4890. The calculation is refreshed regularly with new filings.
What is the intrinsic value of The Payments Group Holding GmbH & Co KGaA (PGH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For The Payments Group Holding GmbH & Co KGaA it is €0.3900 per share (as of Sep 23, 2026), against a price of €0.1950. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is The Payments Group Holding GmbH & Co KGaA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, PGH trades below its calculated fair value: price €0.1950, fair value €0.3900, a gap of about +100% (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 PGH?
No. The price is what the market pays today (€0.1950); the fair value is what the company's own numbers justify (€0.3900). For The Payments Group Holding GmbH & Co KGaA the two are €0.1950 per share apart. That gap is exactly why we show both numbers side by side.
How much is The Payments Group Holding GmbH & Co KGaA worth?
The market values The Payments Group Holding GmbH & Co KGaA at about €2.8M (market capitalisation, as of Sep 23, 2026). Per share that is €0.1950; our models calculate a fair value of €0.3900 per share.
What do the bullish and bearish scenarios say about PGH?
Our models span a range for The Payments Group Holding GmbH & Co KGaA: cautious scenario €0.2600, base €0.3900, optimistic €0.4890 per share (as of Sep 23, 2026, price €0.1950). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of The Payments Group Holding GmbH & Co KGaA (PGH)?
Balance-sheet figures for The Payments Group Holding GmbH & Co KGaA (as of Sep 23, 2026): return on equity −15.0%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is PGH from its 52-week high?
The Payments Group Holding GmbH & Co KGaA trades at €0.1950, about 74% below its 52-week high of €0.7500 and 8% above the low of €0.1810 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of €0.3900 is for.
Which stocks are comparable to The Payments Group Holding GmbH & Co KGaA?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, 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 The Payments Group Holding GmbH & Co KGaA stock attractive at the current price?
The data as of Sep 23, 2026: price €0.1950, calculated fair value €0.3900 (+100%), Quality Score 57/100, from 1 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 PGH calculated?
We run The Payments Group Holding GmbH & Co KGaA through 1 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 €0.3900, 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 14.0 % above its aggregate fair value. The Payments Group Holding GmbH & Co KGaA currently trades 100 % 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 The Payments Group Holding GmbH & Co KGaA (PGH)?
The latest price we hold is from Sep 18, 2026 and stands at €0.1950. Our model-based fair value is €0.3900, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with The Payments Group Holding GmbH & Co KGaA right now?
The price is below even our cautious bear case (€0.2600). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€0.2600 to €0.4890) leaves room in how you read the outcome.
Key figures of The Payments Group Holding GmbH & Co KGaA
How large is the market capitalisation of The Payments Group Holding GmbH & Co KGaA (PGH)?
The market capitalisation of The Payments Group Holding GmbH & Co KGaA is €2.8M. 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 The Payments Group Holding GmbH & Co KGaA (PGH)?
The price-to-sales ratio of The Payments Group Holding GmbH & Co KGaA is 13.8 (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 The Payments Group Holding GmbH & Co KGaA (PGH)?
Earnings per share at The Payments Group Holding GmbH & Co KGaA are €−0.1800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of The Payments Group Holding GmbH & Co KGaA (PGH)?
The return on equity (ROE) of The Payments Group Holding GmbH & Co KGaA is −15.0% (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 The Payments Group Holding GmbH & Co KGaA (PGH)?
On an EBIT basis the return on assets of The Payments Group Holding GmbH & Co KGaA is −88.6% (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 The Payments Group Holding GmbH & Co KGaA (PGH)?
The operating margin of The Payments Group Holding GmbH & Co KGaA is 189% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does The Payments Group Holding GmbH & Co KGaA (PGH) generate?
The free cash flow of The Payments Group Holding GmbH & Co KGaA is −€2.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does The Payments Group Holding GmbH & Co KGaA (PGH) hold?
The Payments Group Holding GmbH & Co KGaA holds more cash than debt, €201K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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