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Pattern S.p.A (PTR) Fair Value & Analysis

Consumer Cyclical · IT · Market cap €42.9M

PS Pattern S.p.A PTR · MI
Price€2.58
Fair Value€3.24
Upside+25.6%
Quality36/100
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Expensive Growth
Loss-making · -2.6% net margin
Moderate debt · negative free cash flow
1.21% dividend yield
Trails peers (2/12)
Narrow moat 14/100
Evidence: Low Range €1.93 – €4.56 Share as image

Fair value as of: Jul 19, 2026

From 2 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from €8.89 to €3.24 (−63.6%) since Jun 24, 2026. Share price −5.8% over the past month.

Below-average quality, screening 26% undervalued on our models.

What matters now

  • A fairly wide model range (€1.93 to €4.56) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

€7.27 €2.29 Fair Value €3.24 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €2.29 – €7.27 · fair‑value band €1.93 – €4.56 · the €2.58 price screens below the €3.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Pattern S.p.A (PTR) currently trades at €2.58, while our model-based Fair Value estimate is €3.24, implying the stock looks roughly 25.6% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Pattern S.p.A generated revenue of €116M at a net margin of -2.6%. Revenue declined 6.5% year over year. It earns a return on equity of -5.4%. Net debt stands at €30.4M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €1.93 (bear case) to €4.56 (bull case); at €2.58, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 42% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 26%, PTR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
EV/EBITDA €2.65 €3.97 €5.28 54
NCAV (Graham) €1.11 €1.49 €2.22 50
All 2 models by family
Multiples
EV/EBITDA €2.65 €3.97 €5.28 54
Asset-Based
NCAV (Graham) €1.11 €1.49 €2.22 50

Widest divergence: Multiples (€3.97) versus Asset-Based (€1.49). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) €116M
Revenue growth (YoY) -6.5%
Net margin -2.6%
Return on equity -5.4%
Free cash flow −€7.2M FY2025
Operating margin -0.8%
More key figures
EPS (TTM) €-0.2100
Dividend yield 1.2%
EPS growth (YoY) -14.2%
Net debt €30.4M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 37 · Market factors (momentum, volatility) 32

Profitability 33
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Pattern S.p.A., together with its subsidiaries, engages in engineering, prototyping, and production of luxury goods in Italy, rest of the European Union, and internationally. The company operates through Clothing, Knitwear, and Leather Goods segments. It offers men's and women's lines; clothing and accessories; stationary fabric; knitwear, and leather goods.

Full company description

Pattern S.p.A., together with its subsidiaries, engages in engineering, prototyping, and production of luxury goods in Italy, rest of the European Union, and internationally. The company operates through Clothing, Knitwear, and Leather Goods segments. It offers men's and women's lines; clothing and accessories; stationary fabric; knitwear, and leather goods. The company was founded in 2000 and is headquartered in Collegno, Italy. Pattern S.p.A. is a subsidiary of Bo.Ma. Holding S.R.L.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pattern S.p.A reported revenue of €115M in FY2025 versus €69.5M in FY2021, a compound +13.5%/yr. Reported net income was −€3.0M in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€115M
Latest YoY
−8.3%
Avg. growth/yr (3Y) 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.
+1.8%
Avg. growth/yr (5Y) 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.
+16.9%
Avg. growth/yr (9Y) 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.
+17.6%
Revenue +13.5%/yr
FY21 €69.5M
FY22 €109M
FY23 €146M
FY24 €126M
FY25 €115M
Net income
FY21 €3.0M
FY22 €2.6M
FY23 €21.1M
FY24 −€1.0M
FY25 −€3.0M

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Cite: Fair Value Calculator (2026). "Pattern S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/PTR

Peer Group

Apparel Manufacturing · 212 stocks

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.

Quality Score 37 · Bottom 25%
Fair Value upside +26% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -1% · Below median
Revenue growth -7% · Below median
Dividend yield (TTM) 1.2% · Below median
Debt / equity 1.04× · Higher than 75% of peers

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/B 1.49× · Pricier than median
P/S (TTM) 0.43× · Cheaper than median
EV/EBITDA 16.1× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 67 · sector 32
FUTURE 0 · sector 4
PAST 0 · sector 21
HEALTH 48 · sector 98
DIVIDEND 24 · sector 49

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is Pattern S.p.A (PTR) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €3.24 versus a price of €2.58, about +26% (undervalued).
What is the fair value of PTR?
Our model-based fair value for Pattern S.p.A is €3.24 (as of Jul 19, 2026), built from audited fundamentals. The current price is €2.58.
What is the quality score of PTR?
Pattern S.p.A has a Quality Score of 36/100. 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 revenue of Pattern S.p.A (PTR)?
Pattern S.p.A reported trailing-twelve-month revenue of about €116M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of PTR?
The net profit margin of Pattern S.p.A is about -2.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Pattern S.p.A pay a dividend?
Pattern S.p.A currently shows a dividend yield of about 1.21% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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