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q.beyond AG (QBY0) Fair Value & Analysis

Technology · DE · Market cap €79.7M

QB q.beyond AG QBY0 · XETRA
Price€3.36
Fair Value€1.41
Upside-58.0%
Quality49/100
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Mixed Growth
Thin margins · 0.5% net margin
Low debt · generates free cash flow
Trails peers (4/14)
Narrow moat 23/100
Evidence: High Range €1.06 – €1.64 Share as image

Fair value as of: Jul 13, 2026

From 20 valuation models · updated 29 days ago

Share price +5.0% over the past month.

Below-average quality, and screening another 58% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€1.64). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€10.20 €2.73 Fair Value €1.41 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range €2.73 – €10.20 · fair‑value band €1.06 – €1.64 · the €3.36 price screens above the €1.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

q.beyond AG (QBY0) currently trades at €3.36, while our model-based Fair Value estimate is €1.41, implying the stock looks roughly 58.0% overvalued today. The Quality Score stands at 49/100 (below-average 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: high).

Over the trailing twelve months, q.beyond AG generated revenue of €179M at a net margin of 0.5%. Revenue declined 7.7% year over year. It earns a return on equity of 1.0%. The balance sheet holds a net cash position of €29.5M. Fundamentals as of Jul 13, 2026

Our scenario range runs from €1.06 (bear case) to €1.64 (bull case); at €3.36, the current price sits above 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 31% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -58%, QBY0 screens richer 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
Growth DCF €2.01 €2.09 €2.21 80
Residual Income €2.38 €2.21 €1.47 76
Gordon GGM €1.04 €1.11 €1.22 70
All 20 models by family
DCF Models
FCF DCF €2.00 €2.09 €2.22 38
Owner Earnings €4.62 €5.39 €6.61 31
5Y Revenue Exit €2.03 €2.18 €2.40 39
5Y EBITDA Exit €3.32 €4.40 €5.84 41
5Y P/E Exit €2.24 €2.54 €2.90 38
10Y Revenue Exit €2.01 €2.11 €2.21 36
10Y EBITDA Exit €2.68 €3.28 €3.93 37
10Y P/E Exit €2.12 €2.29 €2.46 35
Earnings-Based
Graham-Dodd €0.4000 €0.4900 €0.5600 54
Dividend Discount
Gordon GGM €1.04 €1.11 €1.22 70
DDM Multi-Stage €1.04 €1.21 €1.41 61
Multiples
P/E Multiple €0.8900 €1.19 €1.48 63
P/S Multiple €0.7600 €1.01 €1.26 58
P/B Multiple €0.7600 €1.01 €1.26 55
EV/EBITDA €4.97 €6.07 €7.17 54
EV/Revenue €2.09 €2.26 €2.43 43
Asset-Based
NCAV (Graham) €1.89 €2.53 €3.78 50
Growth DCF
Growth DCF €2.01 €2.09 €2.21 80
Economic Profit
Residual Income €2.38 €2.21 €1.47 76
Growth Earnings
Growth-Adj P/E €0.6300 €0.9000 €1.17 68

Widest divergence: Asset-Based (€2.53) versus Earnings-Based (€0.4900). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €179M
Revenue growth (YoY) -7.7%
Net margin 0.5%
Return on equity 1.0%
Free cash flow €1.1M FY2025
P/E ratio 191.0
More key figures
Operating margin -2.0%
EPS (TTM) €0.0200
Net cash €29.5M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 27

Profitability 39
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 0
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

q.beyond AG engages in the cloud, applications, artificial intelligence (AI), and security businesses in Germany and internationally. It operates through two segments, Consulting and Managed Services.

Full company description

q.beyond AG engages in the cloud, applications, artificial intelligence (AI), and security businesses in Germany and internationally. It operates through two segments, Consulting and Managed Services. The Consulting segment provides various consulting and customized development services; support customers using SAP and Microsoft solutions; security services; and business intelligence solutions, as well as supply solutions in the form of mobile and cloud-based applications. The Managed Services segment offers turnkey cloud modules; digital workplaces facilitating networked mobile work; and individual IT outsourcing services, as well as turnkey colocation solutions at its data centres. It serves medium-sized companies. The company was formerly known as QSC AG and changed its name to q.beyond AG in September 2020. q.beyond AG was founded in 1997 and is headquartered in Cologne, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

q.beyond AG reported revenue of €183M in FY2025 versus €155M in FY2021, a compound +4.2%/yr. Reported net income was €1.5M in FY2025, compounding −37.5%/yr from FY2021.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€183M
Latest YoY
−5.2%
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.
+4.9%
Avg. growth/yr (23Y) 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.
+6.1%
Revenue +4.2%/yr
FY21 €155M
FY22 €173M
FY23 €189M
FY24 €193M
FY25 €183M
Net income −37.5%/yr
FY21 €9.7M
FY22 −€33.3M
FY23 −€17.5M
FY24 −€4.9M
FY25 €1.5M

QBY0 screens 58% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "q.beyond AG Fair Value". https://www.fairvalue-calculator.com/stock/QBY0

Peer Group

Information Technology Services · 475 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 49 · Below median
Fair Value upside −58% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth -8% · Bottom 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 160.0× · Pricier than 75% of peers
P/B 0.98× · Cheaper than median
P/S (TTM) 0.52× · Cheaper than median
P/FCF 83.6× · Pricier than 75% of peers
EV/EBITDA 14.5× · Pricier than median
PEG 0.73× · Cheaper 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 0 · sector 21
FUTURE 0 · sector 31
PAST 4 · sector 37
HEALTH 100 · sector 97
DIVIDEND 0 · sector 37

VALUE 0: the price sits above our fair-value range.

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is q.beyond AG (QBY0) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of €1.41 versus a price of €3.36, about −58% (overvalued).
What is the fair value of QBY0?
Our model-based fair value for q.beyond AG is €1.41 (as of Jul 13, 2026), built from audited fundamentals. The current price is €3.36.
What is the quality score of QBY0?
q.beyond AG has a Quality Score of 49/100. 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 q.beyond AG (QBY0)?
q.beyond AG reported trailing-twelve-month revenue of about €179M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of QBY0?
The net profit margin of q.beyond AG is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. 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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