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Rubean AG (R1B) Fair Value & Analysis

Technology · DE · Market cap €22.3M

RA Rubean AG R1B · XETRA
Price€4.54
Fair Value€1.50
Upside-66.9%
Quality30/100
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Mixed Growth
Loss-making · -54.7% net margin
Trails peers (1/9)
Narrow moat 8/100
Evidence: Low Range €1.12 – €2.24 Share as image

Fair value as of: Jul 19, 2026

From 1 valuation models · updated 22 days ago

Share price +1.3% over the past month.

Below-average quality, and screening another 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€2.24). The favourable scenario is already priced in.
  • Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (€1.12 to €2.24) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

€8.75 €4.00 Fair Value €1.50 Feb 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

41‑month range €4.00 – €8.75 · fair‑value band €1.12 – €2.24 · the €4.54 price screens above the €1.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Rubean AG (R1B) currently trades at €4.54, while our model-based Fair Value estimate is €1.50, implying the stock looks roughly 66.9% overvalued today. The Quality Score stands at 30/100 (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: low).

Over the trailing twelve months, Rubean AG generated revenue of €1.8M at a net margin of -93.3%. Revenue declined 10.2% year over year. It earns a return on equity of -21.0%. Fundamentals as of Jul 19, 2026

Our scenario range runs from €1.12 (bear case) to €2.24 (bull case); at €4.54, 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 50% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -67%, R1B 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
NCAV (Graham) €1.32 €1.77 €2.64 50
All 1 models by family
Asset-Based
NCAV (Graham) €1.32 €1.77 €2.64 50

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Key figures & financial health

Revenue (TTM) €3.6M
Revenue growth (YoY) -10.2%
Net margin -54.7%
Return on equity -18.4%
Operating margin -129%
EPS (TTM) €-0.4000
More key figures
Net debt €79.8K FY2022

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 34 · Market factors (momentum, volatility) 24

Profitability 1
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 5
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

Rubean AG provides software point-of-sale (POS) terminals for accepting contactless card payments in Germany. It offers PhonePOS, a contactless payment acceptance solution through smartphones; SoftPOS MPoC SDK; SoftPOS MPoC APP; and Rubean Pay APP, serves as a checkout app for retailers. The company was incorporated in 1999 and is based in Munich, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rubean AG reported revenue of €3.6M in FY2025 versus €491K in FY2021, a compound +64.6%/yr. Reported net income was −€2.0M in FY2025.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€3.6M
Latest YoY
+103.4%
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.
+77.9%
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.
+72.3%
Revenue +64.6%/yr
FY21 €491K
FY22 €640K
FY23 €829K
FY24 €1.8M
FY25 €3.6M
Net income
FY21 −€1.8M
FY22 −€1.4M
FY23 −€1.6M
FY24 −€1.7M
FY25 −€2.0M

R1B screens 67% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "Rubean AG Fair Value". https://www.fairvalue-calculator.com/stock/R1B

Peer Group

Software - Infrastructure · 370 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 34 · Bottom 25%
Fair Value upside −67% · Below median
Return on assets -6% · Bottom 25%
Net margin (TTM) -55% · Bottom 25%
Operating margin (TTM) -129% · Bottom 25%
Revenue growth -10% · Bottom 25%

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 1.97× · Cheaper than median
P/S (TTM) 7.16× · Pricier than 75% of peers

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Rubean AG (R1B) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €1.50 versus a price of €4.54, about −67% (overvalued).
What is the fair value of R1B?
Our model-based fair value for Rubean AG is €1.50 (as of Jul 19, 2026), built from audited fundamentals. The current price is €4.54.
What is the quality score of R1B?
Rubean AG has a Quality Score of 30/100. 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 Rubean AG (R1B)?
Rubean AG reported trailing-twelve-month revenue of about €1.8M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of R1B?
The net profit margin of Rubean AG is about -93.3%, 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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