PSI Software AG (PSAN) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of PSI Software AG stock €10.24, price €44.90, that is 77.2% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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PSI Software AG
PSAN · XETRAFar too expensive (fair value 77% below the price), but solid company and rising price: meets 2 of 3 rules.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
60‑month range €18.58 – €47.44 · fair‑value band €7.76 – €13.40 · the €44.90 price screens above the €10.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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Company profile
PSI Software SE develops and integrates software solutions and products. It operates through Grid & Energy Management; Process Industries & Metals; Discrete Manufacturing; and Logistics segments.
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The company offers Software solutions for production management, supply chain management, advanced planning & scheduling, and manufacturing execution systems; logistics software; and energy control system.
It also provides PSIairport, a software for passenger and baggage handling; PSIasm/Qualicision, a planning and monitoring software; PSIcarlos, an operations planning system; PSIcds, a commercial dispatching system; PSIcommand, a tool for operating and servicing the grid infrastructure; PSIconnect, a platform for grid digitalization; PSIcontrol, a Control system for monitoring, controlling and simulating; PSIcontrol/Gas, network control system; PSIdeepqualicision AI, a value-adding process data analysis; PSIganesi/Online, simulation and monitoring of gas flows; and PSIganesi/Studio, a simulation of flow states.
In addition, the company offers PSIgasguide, for maintaining network and determine optimal operating modes; PSIglobal, a supply chain network design; PSIgridmobile for Digitalization of the field service; PSImarket, a software for energy trade and sales; PSImetals, a Production management solutions; PSIngo, a Grid Operator; PSIpipelines for pipeline operations; PSIprins for optimal management across the energy grids; PSIqualicision AI, for multicriteria decision support and optimization; PSIqualicision/ODS for cloud-based online decision support and optimization; PSIrwin, software for the inspection and calibration; PSIsiu for Configuration management; PSIsmartcharging for preparing grid; PSItms for transport optimization; PSIwms, a warehouse management software; and TS-Energy, a software application for power plant.
The company also offers its products through its app store. PSI Software SE was founded in 1969 and is based in Berlin, Germany.
Stock analysis
PSI Software AG (PSAN) currently trades at €44.90, while our model-based Fair Value estimate is €10.24, 77% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €10.98 per share, and 0 of the 6 models we run sit above the €44.90 price.
Bear case: the Multiples group reads lowest at €4.38, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: €7.76 (bear) to €13.40 (bull), the price of €44.90 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 52/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
PSI Software AG reported revenue of €286M in FY2025 versus €248M in FY2021, a compound +3.5%/yr. Reported net income was −€31.6M in FY2025.
Key figures
Market cap €700M Small · P/S ratio 2.49 · EPS (TTM) €−1.80 · Net margin −9.7% · Return on equity −39.0% · Return on assets (EBIT) −0.4% (5-year average) · Operating margin −14.5% · Revenue (TTM) €293M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 7% fair-value upside, at −77%, PSAN screens richer than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
PSAN screens overvalued: fair value 77% below the price. Compare with SAP SE →
Compare PSI Software AG with another stock
Price, fair value, quality and upside side by side.
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 · 723 stocks
Valuation Multiplesvs Software - Application median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Revenue growth by industry
- PEG ratio by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: German Stocks
- Valuation of the Germany 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.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Adobe Inc ADBE | $237.60 | $463.72 | +95% | vs PSAN |
| Salesforce, Inc CRM | $218.01 | $342.73 | +57% | vs PSAN |
| Uber Technologies, Inc UBER | $70.68 | $101.28 | +43% | vs PSAN |
| Intuit Inc INTU | $342.64 | $459.14 | +34% | vs PSAN |
| ServiceNow, Inc NOW | $102.76 | $109.57 | +7% | vs PSAN |
| SAP SE SAP | €210.95 | €173.59 | −18% | vs PSAN |
| Cadence Design Systems, Inc CDNS | $329.26 | $225.48 | −32% | vs PSAN |
| Automatic Data Processing, Inc ADP | $306.36 | $192.37 | −37% | vs PSAN |
| Shopify Inc SHOP | $149.26 | $64.96 | −56% | vs PSAN |
| Snowflake Inc SNOW | $301.22 | $73.81 | −76% | vs PSAN |
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Key figures of PSI Software AG
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