Q.BEYOND AG (QBY0) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Q.BEYOND AG stock €2.19, price €2.42, that is 9.5% below the price, quality 55 out of 100. Rating: overvalued. Calculated from audited financials with 18 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €2.42 – €10.20 · fair‑value band €2.07 – €2.34 · the €2.42 price screens above the €2.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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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.
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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.
Stock analysis
Q.BEYOND AG (QBY0) currently trades at €2.42, while our model-based Fair Value estimate is €2.19, 10% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €2.69 per share, and 7 of the 18 models we run sit above the €2.42 price.
Bear case: the Earnings-Based group reads lowest at €0.4900, and 11 of the 18 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €2.07 (bear) to €2.34 (bull), the price of €2.42 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 55/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Q.BEYOND AG NA O.N. KONV. 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.
Key figures
Market cap €60.7M Micro · P/S ratio 0.39 · EPS (TTM) €−0.0400 · Net margin 0.0% · Return on equity 0.0% · Return on assets (EBIT) −4.9% (5-year average) · Operating margin −2.0% · Revenue (TTM) €178M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −10%, QBY0 screens richer than that median.
Fair Value models
Bear€2.07Fair Value €2.19Bull€2.34
Price €2.42 · Downside -9.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.2%
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.
+1.8%
Revenue growth 5 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.
+4.9%
Start year 2020 (pandemic). Over 10 years: −7.6% a year
Revenue growth 23 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.
+6.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−80.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−80.5%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−13% → −1%
⚠ Revenue per share shrinking 7.8%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +11.6% a year for the price and +1.4% for the forecasts.
Compare Q.BEYOND AG NA O.N. KONV. with another stock
Price, fair value, quality and upside side by side.
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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.Information Technology Services · 479 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside−9.5% · Below median
Profitability
Return on equity (12 months)0.0% · Below median
Return on assets1.1% · Below median
Net margin (12 months)0.0% · Below median
Operating margin (12 months)−2.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−3.1% · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Q.BEYOND AG NA O.N. KONV. Fair Value". https://www.fairvalue-calculator.com/stock/QBY0
Frequently asked questions
Is Q.BEYOND AG (QBY0) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €2.19 versus a price of €2.42, about 10% lower (overvalued).
What is the fair value of QBY0?
Our model-based fair value for Q.BEYOND AG is €2.19 (as of Nov 7, 2026), built from audited fundamentals. The current price: €2.42.
What is the quality score of QBY0?
Q.BEYOND AG has a Quality Score of 55/100. 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 Q.BEYOND AG (QBY0)?
Our model-based price target is the fair value of €2.19 (as of Nov 7, 2026) from 18 valuation models. Cautious scenario €2.07, optimistic scenario €2.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Q.BEYOND AG NA O.N. KONV. stock forecast for 2026?
Our models put fair value at €2.19, about 10% lower versus a price of €2.42 (overvalued). Cautious scenario €2.07, optimistic scenario €2.34. The calculation is refreshed regularly with new filings.
What is the revenue of Q.BEYOND AG (QBY0)?
Q.BEYOND AG reported trailing-twelve-month revenue of about €178M (latest available figure, as of Nov 7, 2026).
What growth is priced into Q.BEYOND AG (QBY0)?
For today's price to be fair in a discounted-cash-flow model, Q.BEYOND AG would have to grow free cash flow by +14.0 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of QBY0 use?
Our models discount Q.BEYOND AG at 13.3 %: a base by market capitalisation (micro), damped by beta 1.25, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Q.BEYOND AG that is +14.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Q.BEYOND AG (QBY0) delivered so far?
Over the past 5 years revenue at Q.BEYOND AG grew +5.0 % a year. The price currently implies free-cash-flow growth of +14.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Q.BEYOND AG (QBY0) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into Q.BEYOND AG (+14.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Q.BEYOND AG (QBY0)?
The free-cash-flow yield on the price is 1.83 %: that much free cash flow Q.BEYOND AG produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Q.BEYOND AG (QBY0)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Q.BEYOND AG it is €2.19 per share (as of Nov 7, 2026), against a price of €2.42. It is the blended result of 18 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Q.BEYOND AG NA O.N. KONV. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, QBY0 trades above its calculated fair value: price €2.42, fair value €2.19, a gap of about −10% (overvalued). 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 QBY0?
No. The price is what the market pays today (€2.42); the fair value is what the company's own numbers justify (€2.19). For Q.BEYOND AG the two are €0.2300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Q.BEYOND AG NA O.N. KONV. worth?
The market values Q.BEYOND AG at about €60.7M (market capitalisation, as of Nov 7, 2026). Per share that is €2.42; our models calculate a fair value of €2.19 per share.
What do the bullish and bearish scenarios say about QBY0?
Our models span a range for Q.BEYOND AG: cautious scenario €2.07, base €2.19, optimistic €2.34 per share (as of Nov 7, 2026, price €2.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of QBY0?
The PEG ratio of Q.BEYOND AG is 0.73 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Q.BEYOND AG (QBY0)?
Balance-sheet figures for Q.BEYOND AG (as of Nov 7, 2026): return on equity 0.0%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is QBY0 from its 52-week high?
Q.BEYOND AG trades at €2.42, about 42% below its 52-week high of €4.14 and at the low of €2.42 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €2.19 is for.
Which stocks are comparable to Q.BEYOND AG NA O.N. KONV.?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Q.BEYOND AG NA O.N. KONV. stock attractive at the current price?
The data as of Nov 7, 2026: price €2.42, calculated fair value €2.19 (−10%), Quality Score 55/100, from 18 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 QBY0 calculated?
We run Q.BEYOND AG through 18 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €2.19 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Q.BEYOND AG itself currently trades above fair value. 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 Q.BEYOND AG (QBY0)?
The closing price on Nov 6, 2026 was €2.42. Our model-based fair value is €2.19, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Q.BEYOND AG NA O.N. KONV. right now?
The price sits above even our optimistic bull case (€2.34). The favourable scenario is already priced in. The models converge in a tight band (€2.07 to €2.34), unusually little disagreement for a valuation.
Key figures of Q.BEYOND AG
How large is the market capitalisation of Q.BEYOND AG (QBY0)?
The market capitalisation of Q.BEYOND AG is €60.7M. 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 Q.BEYOND AG (QBY0)?
The price-to-sales ratio of Q.BEYOND AG is 0.39 (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 Q.BEYOND AG (QBY0)?
Earnings per share at Q.BEYOND AG are €−0.0400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Q.BEYOND AG (QBY0)?
The net margin of Q.BEYOND AG is 0.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Q.BEYOND AG (QBY0)?
The return on equity (ROE) of Q.BEYOND AG is 0.0% (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 Q.BEYOND AG (QBY0)?
On an EBIT basis the return on assets of Q.BEYOND AG is −4.9% (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 Q.BEYOND AG (QBY0)?
The operating margin of Q.BEYOND AG is −2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Q.BEYOND AG (QBY0)?
Revenue at Q.BEYOND AG is growing −3.1% versus a year earlier (3y avg +1.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Q.BEYOND AG (QBY0) hold?
Q.BEYOND AG holds more cash than debt, €29.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 7, 2026