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QinetiQ Group (QQ) Fair Value & Analysis

Industrials · GB · Market cap 2.5B GBX

QG QinetiQ Group QQ · LSE
Price£4.29
Fair Value£4.38
Upside+2.1%
Quality97/100
Evidence: High Range £3.27 – £5.47

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 6 days ago

Share price −16.1% over the past month.

Price vs Fair Value (12 months)

£5.54 £4.11 Fair Value £4.38 Jul 2025 Jun 2026

12‑month range £4.11 – £5.54 · fair‑value band £3.27 – £5.47 · the £4.29 price screens below the £4.38 fair value. As of Jun 24, 2026.

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Analysis

QinetiQ Group (QQ) currently trades at £4.29, while our model-based Fair Value estimate is £4.38 — implying the stock looks roughly 2.1% undervalued today. We read business quality at 97/100 (high quality), in the Industrials 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: high) — always confirm before acting.

Over the trailing twelve months, QinetiQ Group generated revenue of £1.9B at a net margin of 5.6%. Revenue grew 3.8% year over year. It earns a return on equity of 18.2%. Net debt stands at £151M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 1.9B GBX
Revenue growth (YoY) +3.8%
Net margin 5.6%
Return on equity 18.2%
Free cash flow 172M GBX FY2026
P/E ratio 24.0
More key figures
Operating margin 12.3%
EPS (TTM) £0.2000
Dividend yield 2.3%
EPS growth (YoY) -35.8%
Net debt 151M GBX FY2026

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

QinetiQ Group plc provides science and technology solution in the defense, security, and infrastructure markets in the United States, Australia, Canada, and Germany. The company operates through four segments: Test and Training; Mission Support and Operations; Research and Development; and Engineering Services. It offers test and evaluation, training and simulation, mission rehearsal, and threat representation; cyber and intelligence capabilities, mission data, and persistent surveillance. The company also provides advanced materials, AI and Analytics, autonomous systems, cyber and electromagnetic spectrum, directed energy systems, human factors integration, immersive technology, navigation and communication systems, quantum technology, secure communication solutions, and sensing and processing systems. It serves ministry of defense, government agencies, department of defense and commercial sectors. QinetiQ Group plc was founded in 2001 and is based in Farnborough, the United Kingdom.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

QinetiQ Group reported revenue of £1.9B in FY2026 versus £1.3B in FY2022, a compound +9.8%/yr. Reported net income was £108M in FY2026, compounding +4.5%/yr from FY2022.

Revenue +9.8%/yr
FY22 £1.3B
FY23 £1.6B
FY24 £1.9B
FY25 £1.9B
FY26 £1.9B
Net income +4.5%/yr
FY22 £90.0M
FY23 £154M
FY24 £140M
FY25 −£186M
FY26 £108M

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Similar stocks

6 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE C$46.59 C$20.65 -56%
RTX Corporation RYTT34 R$154.00 R$88.18 -43%
The Boeing Company BCO €198.20 €51.07 -74%
Airbus SE EADSF $219.00 $130.77 -40%
Safran SA SAFRY $94.69 $58.09 -39%
Rolls-Royce Holdings RYCEY $18.53 $9.42 -49%

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Frequently asked questions

Is QinetiQ Group (QQ) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £4.38 versus a price of £4.29 — about +2% (undervalued). Model-based estimate, not financial advice.
What is the fair value of QQ?
Our 21-model fair value for QinetiQ Group is £4.38 (as of Jun 24, 2026), built from audited fundamentals. The current price is £4.29.
What is the quality score of QQ?
QinetiQ Group has a Quality Score of 97/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of QinetiQ Group (QQ)?
QinetiQ Group reported trailing-twelve-month revenue of about £1.9B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of QQ?
The net profit margin of QinetiQ Group is about 5.6%, meaning it keeps roughly 5.6% of revenue as net income. Based on the latest reported figures.
Does QinetiQ Group pay a dividend?
QinetiQ Group currently shows a dividend yield of about 2.28% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.