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PEXA Group (PXA) Fair Value & Analysis

Technology · AU · Market cap A$1.4B

PG PEXA Group PXA · AU
PriceA$7.81
Fair ValueA$7.05
Upside-9.7%
Quality53/100
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Mixed Growth
Loss-making · -14.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 31/100
Evidence: Medium Range A$3.25 – A$10.52 Share as image

Fair value as of: Jul 16, 2026

From 12 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from A$6.88 to A$7.05 (+2.5%) since Jun 26, 2026. Share price −5.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (A$3.25 to A$10.52). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

A$20.35 A$7.19 Fair Value A$7.05 Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range A$7.19 – A$20.35 · fair‑value band A$3.25 – A$10.52 · the A$7.81 price screens above the A$7.05 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PEXA Group (PXA) currently trades at A$7.81, while our model-based Fair Value estimate is A$7.05, implying the stock looks roughly 9.7% fairly valued today. The Quality Score stands at 53/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, PEXA Group generated revenue of A$413M at a net margin of -14.0%. Revenue grew 9.9% year over year. It earns a return on equity of -2.7%. Net debt stands at A$253M. Fundamentals as of Jul 16, 2026

Our scenario range runs from A$3.25 (bear case) to A$10.52 (bull case); at A$7.81, 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 55% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -10%, PXA 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 BearBaseBull Evidence
Highest evidence
Growth DCF A$2.38 A$5.42 A$9.63 80
Rev-Margin DCF A$1.96 A$4.62 A$8.32 74
Gordon GGM A$0.5200 A$0.9400 A$1.30 70
All 12 models by family
DCF Models
FCF DCF A$2.52 A$5.27 A$11.54 38
5Y Revenue Exit A$1.96 A$4.71 A$8.58 39
5Y EBITDA Exit A$4.34 A$9.99 A$17.51 41
10Y Revenue Exit A$2.02 A$4.64 A$8.97 36
10Y EBITDA Exit A$3.60 A$8.33 A$16.31 37
Dividend Discount
Gordon GGM A$0.5200 A$0.9400 A$1.30 70
DDM Multi-Stage A$0.5200 A$0.8600 A$1.01 61
Multiples
EV/EBITDA A$5.78 A$8.18 A$10.57 54
EV/Revenue A$1.66 A$2.97 A$4.28 43
Asset-Based
NCAV (Graham) A$3.25 A$4.35 A$6.50 50
Growth DCF
Growth DCF A$2.38 A$5.42 A$9.63 80
Rev-Margin DCF A$1.96 A$4.62 A$8.32 74

Widest divergence: DCF Models (A$5.27) versus Dividend Discount (A$0.8600). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) A$413M
Revenue growth (YoY) +9.9%
Net margin -14.0%
Return on equity -2.7%
Free cash flow A$59.0M FY2025
Operating margin 16.5%
More key figures
EPS (TTM) A$-0.1600
EPS growth (YoY) -59.1%
Net debt A$253M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 23

Profitability 8
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 3
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 82
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

PEXA Group Limited operates a digital property settlements platform in Australia. It operates through three segments: Exchange, International, and Digital Solutions.

Full company description

PEXA Group Limited operates a digital property settlements platform in Australia. It operates through three segments: Exchange, International, and Digital Solutions. It operates electronic lodgement network, a cloud-based platform that enables the lodgement and settlement of property transactions through an integrated digital platform, as well as facilitates the collaboration between customers across the property ecosystem to enable the transfer and settlement of transactions in real property. The company also provides data insights and digital services for developing, buying and selling, settling, owning, and servicing of properties, as well as property-related analytics and digital solutions; and digitalized property registration and settlement, and related services. In addition, its products portfolio includes PEXA Exchange, an online property settlement platform; PEXA Key, that protects property sellers and buyers from phishing and fraud activities; PEXA projects for managing large scale projects; PEXA planner, a scaled workplace management tool for financial institutions; and PEXA Tracker, a search tool for digital settlements. PEXA Group Limited offers its solutions for lawyers and conveyancers, financial institutions, governments, property developers, buyers and sellers, related professionals, and practitioners. The company was formerly known as Torrens Group Holdings Limited. PEXA Group Limited was founded in 2010 and is headquartered in Melbourne, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PEXA Group reported revenue of A$373M in FY2025 versus A$280M in FY2021, a compound +7.5%/yr. Reported net income was −A$76.1M in FY2025.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$373M
Latest YoY
+0.0%
Avg. growth/yr (3Y)
+9.8%
Avg. growth/yr (5Y)
+11.0%
Avg. growth/yr (8Y)
+32.6%
Revenue +7.5%/yr
FY21 A$280M
FY22 A$282M
FY23 A$340M
FY24 A$373M
FY25 A$373M
Net income
FY21 A$21.9M
FY22 −A$21.8M
FY23 −A$18.0M
FY24 −A$76.1M
FY25 −A$76.1M

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Cite: Fair Value Calculator (2026). "PEXA Group Fair Value". https://www.fairvalue-calculator.com/stock/PXA

Peer Group

Software - Application · 709 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 54 · Above median
Fair Value upside −10% · Above median
Return on assets 1% · Below median
Net margin (TTM) -14% · Bottom 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 10% · Above median
Debt / equity 0.28× · Higher than 75% of peers

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.85× · Cheaper than 75% of peers
P/S (TTM) 2.36× · Pricier than median
P/FCF 16.5× · Pricier than median
EV/EBITDA 19.0× · Pricier than median

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 20 · sector 0
FUTURE 50 · sector 38
PAST 0 · sector 13
HEALTH 86 · sector 98
DIVIDEND 0 · sector 28

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.

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Frequently asked questions

Is PEXA Group (PXA) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of A$7.05 versus a price of A$7.81, about −10% (fairly valued).
What is the fair value of PXA?
Our model-based fair value for PEXA Group is A$7.05 (as of Jul 16, 2026), built from audited fundamentals. The current price is A$7.81.
What is the quality score of PXA?
PEXA Group has a Quality Score of 53/100. 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 PEXA Group (PXA)?
PEXA Group reported trailing-twelve-month revenue of about A$413M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of PXA?
The net profit margin of PEXA Group is about -14.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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