RealTech AG (RTC) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of RealTech AG €0.48, price €1.03, upside -53.4%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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RealTech AG
RTC · XETRAStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €0.6800 – €4.14 · fair‑value band €0.4700 – €0.4800 · the €1.03 price screens above the €0.4800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
RealTech AG, together with its subsidiaries, provides SAP software and solutions in Germany and the Asia Pacific.
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RealTech AG, together with its subsidiaries, provides SAP software and solutions in Germany and the Asia Pacific. The company offers SmartChange to automate SAP transports from request to import; Interface Manager to design, operate, and optimize SAP interfaces; SmartITSM for intelligent management of complex IT structures; SmartCMDB for digitization and automation of central service processes; theGuard!, a product suite of ITSM and SAP solutions; and managed services for SAP. It also provides SAP Solution Manager, an intelligent platform for application lifecycle management; SAP ChaRM, a component that manages changes in SAP and non-SAP systems; SAP Transport Management that transports changes, such as adaptations to program code, system configurations, or changes to database objects through various SAP system landscapes; SAP Cloud Transport Management, a cloud-based service that enables the controlled transport of software artifacts; SAP-ITSM Integration, an automated connection of SAP systems with IT service management platforms comprising ServiceNow, Jira, or SmartITSM; and SAP Cloud ALM, a cloud-based ALM platform for the implementation, operation, and development of SAP solutions. In addition, the company SAP Business Technology Platform, a platform-as-a-service solution that provides companies a central development and operating environment; SAP Basis that acts as middleware that connects hardware, operating systems, and SAP applications; SAP Customizing that configures system and code changes; SAP Advanced Business Application Programming to develop customized applications, extensions, and interfaces; SAP Business AI that brings AI into the workflow; and SAP Clean Core, a strategy where the standard core of an SAP system remains unchanged and individual requirements are implemented via upgradeable mechanisms. Further, it provides ticket system; help desk; CMDB; and asset management. The company was founded in 1994 and is based in Leimen, Germany.
Stock analysis
RealTech AG (RTC) currently trades at €1.03, while our model-based Fair Value estimate is €0.4800, implying the stock looks roughly 114.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €1.08 per share, and 6 of the 22 models we run sit above the €1.03 price.
Bear case: the Earnings-Based group reads lowest at €0.0500, and 16 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: €0.4700 (bear) to €0.4800 (bull), the price of €1.03 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 65/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
RealTech AG reported revenue of €11.2M in FY2025 versus €9.9M in FY2021, a compound +3.3%/yr. Reported net income was €29.8K in FY2025, compounding −55.6%/yr from FY2021.
Key figures
Market cap €6.2M · P/E ratio 103.0 · P/S ratio 0.27 · EPS (TTM) €0.0100 · Net margin 0.3% · Return on equity 0.5% · Return on assets (EBIT) −6.8% · Operating margin 1.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 53% fair-value upside, at −53%, RTC screens richer than that median.
Fair Value models
All 22 models by family
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Set up alert →Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 39
Revenue & earnings trend
Growth Forecast
RTC screens 115% overvalued. Compare with International Business Machines Corporation →
Compare RealTech AG with another stock
Price, fair value, quality and upside side by side.
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 · 498 stocks
Valuation Multiplesvs Information Technology Services median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: German Stocks
- Valuation of the Germany market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $227.06 | $186.56 | −18% |
| Accenture plc ACN | $183.52 | $305.06 | +66% |
| Tata Consultancy Services Limited TCS | ₹2,090 | ₹2,993 | +43% |
| Infosys Limited INFY | ₹1,021 | ₹1,690 | +66% |
| HCL Technologies Limited HCLTECH | ₹1,257 | ₹1,926 | +53% |
| Fidelity National Information Services, Inc FIS | $34.67 | $32.47 | −6% |
| Cognizant Technology Solutions Corporation CTSH | $59.14 | $132.01 | +123% |
| Wipro Limited WIPRO | ₹164.90 | ₹287.90 | +75% |
| CDW Corporation CDW | $146.16 | $162.00 | +11% |
| Broadridge Financial Solutions, Inc BR | $163.45 | $145.34 | −11% |
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