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QUBE Holdings Ltd (QUB) fair value: what the stock is really worth

As of Aug 18, 2026: fair value of QUBE Holdings Ltd A$0.60, price A$5.11, upside -88.3%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Industrials · AU · ISIN AU000000QUB5

QH QUBE Holdings Ltd logo Thin data Sep 24, 2026

QUBE Holdings Ltd

QUB · AU

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value A$0.6000 · Strongly overvalued (−88.3%)
!Quality 56/100
!Mixed Growth (revenue 5y +17.9 %/yr)
!Thin margins · 3.6% net margin (TTM)
!Moderate debt · negative free cash flow
!2.2% dividend yield · Watch coverage
!Trails peers (4/14)
!Narrow moat 35/100
!Evidence only low, so the estimate is less certain
!Weak on past: 28 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$5.11 A$2.08 Fair Value A$0.6000 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range A$2.08 – A$5.11 · fair‑value band A$0.4500 – A$0.6100 · the A$5.11 price screens above the A$0.6000 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Qube Holdings Limited, together with its subsidiaries, provides import and export logistics services in Australia, New Zealand, and Southeast Asia. It operates through two segments, Operating Division and Patrick.

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Qube Holdings Limited, together with its subsidiaries, provides import and export logistics services in Australia, New Zealand, and Southeast Asia. It operates through two segments, Operating Division and Patrick. The company offers logistics and infrastructure solutions, including containerised cargo and grain trading, as well as outsourced industrial logistics across the heavy transport, mobile crane, and renewable energy industries. It also provides import/export supply chain services, such as road and rail transport of containers to and from ports, operation of container parks, customs and quarantine services, warehousing, international freight forwarding, lifting services or equipment, bulk rail and containerised haulage storage, and handling of rural commodities, as well as operation of automotive and break-bulk, grain, intermodal, and regional rail terminals. In addition, the company offers port logistics, such as processing and delivery of energy and forestry products, project, and general cargo; bulk logistics comprising mine-to-ship transport, stockpile management, and storage facilities; container sale, hire, modification, and stevedoring services. Further, it operates Australian Amalgamated terminals. The company was formerly known as Qube Logistics Holdings Limited and changed its name to Qube Holdings Limited in November 2012. Qube Holdings Limited was incorporated in 2011 and is headquartered in Sydney, Australia.

Stock analysis

QUBE Holdings Ltd (QUB) currently trades at A$5.11, while our model-based Fair Value estimate is A$0.6000, 88.3% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of A$1.13 per share, and 0 of the 10 models we run sit above the A$5.11 price.

Bear case: the Earnings-Based group reads lowest at A$0.2400, and 10 of the 10 models stay below the price. Evidence for this calculation is low.

Scenario range: A$0.4500 (bear) to A$0.6100 (bull), the price of A$5.11 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 56/100 (solid quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

QUBE Holdings Ltd reported revenue of A$4.1B in FY2025 versus A$1.9B in FY2021, a compound +20.8%/yr. Reported net income was A$51.3M in FY2025, compounding −13.5%/yr from FY2021.

Key figures

Market cap A$9.0B (≈ $6.3B) · P/E ratio 42.6 · P/S ratio 0.53 · EPS (TTM) A$0.1200 · Dividend yield 2.2% · Net margin 1.3% · Return on equity 7.0% · Return on assets (EBIT) 2.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).

What moves the price

The share trades at its 52-week high and 38% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −88%, QUB screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (A$0.2400 to A$2.82). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear A$0.4500 Fair Value A$0.6000 Bull A$0.6100
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.0090 per share) are deliberately not added. 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income A$1.17 A$1.12 A$1.10 74
EV/EBITDA A$1.89 A$2.82 A$3.76 66
Graham-Dodd A$0.2000 A$0.2400 A$0.2700 65
All 10 models by family
Earnings-Based
Graham-Dodd A$0.2000 A$0.2400 A$0.2700 65
Multiples
P/E Multiple A$0.4500 A$0.6000 A$0.7500 63
P/S Multiple A$0.3700 A$0.4900 A$0.6100 58
P/B Multiple A$0.3700 A$0.4900 A$0.6100 55
EV/EBIT A$0.2500 A$0.6400 A$1.03 61
EV/EBITDA A$1.89 A$2.82 A$3.76 66
EV/Revenue n/a A$0.2700 A$0.6300 50
Asset-Based
NCAV (Graham) A$0.8400 A$1.13 A$1.68 54
Economic Profit
Residual Income A$1.17 A$1.12 A$1.10 74
Growth Earnings
Growth-Adj P/E A$0.3200 A$0.4600 A$0.5900 65

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Quality Score breakdown

Overall quality 56/100

Of which business quality 53 · Market factors (momentum, volatility) 70

Profitability 40
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 90
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+27.1%
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.
+18.5%
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.
+17.9%
Start year 2020 (pandemic). Over 10 years: +11.1% a year
Revenue growth 18 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.
+41.6%
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. Basis: EBIT basis.
+5.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.5%
Dividend (yield on the price)2.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−11.0% vs −9.5%, steady
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.8% → 4%
Start year 2020 (pandemic)

QUB screens overvalued: fair value 88% below the price. Compare with United Parcel Service, Inc →

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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.Integrated Freight & Logistics · 203 stocks

Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside −88.3% · Bottom 25%
Profitability
Return on equity (TTM) 7.0% · Below median
Return on assets 2.7% · Below median
Net margin (TTM) 3.6% · Above median
Operating margin (TTM) 9.9% · Above median
Growth and dividend
Revenue growth 10.2% · Above median
Dividend yield (TTM) 2.2% · Below median
Balance sheet
Debt / equity 0.59× · Highest 25%

Valuation Multiplesvs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 42.6× · Priciest 25%
P/B 2.09× · Priciest 25%
P/S (TTM) 1.44× · Priciest 25%
EV/EBITDA 14.5× · Priciest 25%
PEG 6.50× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 49
FUTURE (revenue growth)51 · sector 46
PAST (return on equity)28 · sector 31
HEALTH (low debt)70 · sector 94
DIVIDEND (yield)43 · sector 60

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

Context: sector, industry, market

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

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate.

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United Parcel Service, Inc UPS $93.44 $107.34 +15%
Deutsche Post AG DHL €55.74 €137.08 +146%
FedEx Corporation FDX $289.65 $349.54 +21%
DSV A/S DSV kr 1,199 kr 711.95 −41%
Poste Italiane S.p.A PST €24.49 €14.24 −42%
Kuehne + Nagel International AG KNIN CHF 224.50 CHF 147.92 −34%
Expeditors International of Washington, Inc EXPD $188.58 $116.66 −38%
S.F. Holding 002352 ¥30.54 ¥109.70 +259%
J.B. Hunt Transport Services, Inc JBHT $226.07 $133.80 −41%
C.H. Robinson Worldwide, Inc CHRW $148.24 $87.31 −41%

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Cite: Fair Value Calculator (2026). "QUBE Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/QUB

Frequently asked questions

Is QUBE Holdings Ltd (QUB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of A$0.6000 versus the last price from Aug 18, 2026 of A$5.11, about −88% upside (overvalued).
What is the fair value of QUB?
Our model-based fair value for QUBE Holdings Ltd is A$0.6000 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Aug 18, 2026): A$5.11.
What is the quality score of QUB?
QUBE Holdings Ltd has a Quality Score of 56/100. 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 QUBE Holdings Ltd (QUB)?
Our model-based price target is the fair value of A$0.6000 (as of Sep 24, 2026) from 10 valuation models. Cautious scenario A$0.4500, optimistic scenario A$0.6100. It is a calculation from audited fundamentals, not an analyst target.
What is the QUBE Holdings Ltd stock forecast for 2026?
Our models put fair value at A$0.6000, about −88% upside versus the last price from Aug 18, 2026 of A$5.11 (overvalued). Cautious scenario A$0.4500, optimistic scenario A$0.6100. The calculation is refreshed regularly with new filings.
What is the revenue of QUBE Holdings Ltd (QUB)?
QUBE Holdings Ltd reported trailing-twelve-month revenue of about A$4.4B (latest available figure, as of Sep 24, 2026).
Does QUBE Holdings Ltd pay a dividend?
QUBE Holdings Ltd currently shows a dividend yield of about 2.17% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of QUBE Holdings Ltd (QUB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For QUBE Holdings Ltd it is A$0.6000 per share (as of Sep 24, 2026), against a price of A$5.11. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is QUBE Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, QUB trades above its calculated fair value: price A$5.11, fair value A$0.6000, a gap of about −88% (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 QUB?
No. The price is what the market pays today (A$5.11); the fair value is what the company's own numbers justify (A$0.6000). For QUBE Holdings Ltd the two are A$4.51 per share apart. That gap is exactly why we show both numbers side by side.
How much is QUBE Holdings Ltd worth?
The market values QUBE Holdings Ltd at about A$9.0B (market capitalisation, as of Sep 24, 2026). Per share that is A$5.11; our models calculate a fair value of A$0.6000 per share.
What do the bullish and bearish scenarios say about QUB?
Our models span a range for QUBE Holdings Ltd: cautious scenario A$0.4500, base A$0.6000, optimistic A$0.6100 per share (as of Sep 24, 2026, price A$5.11). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of QUB?
QUBE Holdings Ltd trades at a price-to-earnings ratio of 42.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.6000 is built from several models across several years. Other multiples: PEG 6.5, P/B 2.1, P/S 1.4, EV/EBITDA 14.5.
What is the PEG ratio of QUB?
The PEG ratio of QUBE Holdings Ltd is 6.50 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of QUBE Holdings Ltd (QUB)?
Balance-sheet figures for QUBE Holdings Ltd (as of Sep 24, 2026): return on equity 7.0%, debt of 0.59 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is QUB from its 52-week high?
QUBE Holdings Ltd trades at A$5.11, at its 52-week high of A$5.11 and 38% above the low of A$3.69 (as of Aug 18, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.6000 is for.
Which stocks are comparable to QUBE Holdings Ltd?
From the same area (Industrials) we also value United Parcel Service, Inc, Deutsche Post AG, FedEx Corporation, DSV A/S, 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 QUBE Holdings Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price A$5.11, calculated fair value A$0.6000 (−88%), Quality Score 56/100, from 10 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 QUB calculated?
We run QUBE Holdings Ltd through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.6000, 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 14.5 % above its aggregate fair value. QUBE Holdings Ltd 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 QUBE Holdings Ltd (QUB)?
The latest price we hold is from Aug 18, 2026 and stands at A$5.11. Our model-based fair value is A$0.6000, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with QUBE Holdings Ltd right now?
The price sits above even our optimistic bull case (A$0.6100). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of QUBE Holdings Ltd (QUB) come from?
Earnings per share at QUBE Holdings Ltd grew +0.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.0 %, EBIT margin −6.4 %, tax rate −0.9 %, residual (interest, one-offs) +3.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of QUBE Holdings Ltd

How large is the market capitalisation of QUBE Holdings Ltd (QUB)?
The market capitalisation of QUBE Holdings Ltd is A$9.0B (≈ $6.3B). 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 QUBE Holdings Ltd (QUB)?
The price-to-sales ratio of QUBE Holdings Ltd is 0.53 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of QUBE Holdings Ltd (QUB)?
Earnings per share at QUBE Holdings Ltd are A$0.1200 (price ÷ EPS = P/E 42.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of QUBE Holdings Ltd (QUB)?
The dividend yield of QUBE Holdings Ltd is 2.2% (payout 92.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of QUBE Holdings Ltd (QUB)?
The net margin of QUBE Holdings Ltd is 1.3% (fiscal year 2025). 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 QUBE Holdings Ltd (QUB)?
The return on equity (ROE) of QUBE Holdings Ltd is 7.0% (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 QUBE Holdings Ltd (QUB)?
On an EBIT basis the return on assets of QUBE Holdings Ltd is 2.9% (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 QUBE Holdings Ltd (QUB)?
The operating margin of QUBE Holdings Ltd is 9.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at QUBE Holdings Ltd (QUB)?
Revenue at QUBE Holdings Ltd is growing +10.2% versus a year earlier (3y avg +18.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at QUBE Holdings Ltd (QUB)?
Earnings per share at QUBE Holdings Ltd are growing +101% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does QUBE Holdings Ltd (QUB) generate?
The free cash flow of QUBE Holdings Ltd is −A$113M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does QUBE Holdings Ltd (QUB) carry?
The net debt of QUBE Holdings Ltd is A$2.9B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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