SPAR Group (SGRP) Fair Value & Analysis

Industrials · US · Market cap $22.7M

Below-average quality, and screening another 86% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case ($0.1600). The favourable scenario is already priced in.
• Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The model range is unusually wide ($0.0400 to $0.1600). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $0.3800 – $2.97 · fair‑value band $0.0400 – $0.1600 · the $0.6500 price screens above the $0.0900 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

SPAR Group (SGRP) currently trades at $0.6500, while our model-based Fair Value estimate is $0.0900, implying the stock looks roughly 86.2% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials 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, SPAR Group generated revenue of $133M at a net margin of -19.3%. Revenue declined 10.3% year over year. Net debt stands at $24.0M. Fundamentals as of Jul 18, 2026

Our scenario range runs from $0.0400 (bear case) to $0.1600 (bull case); at $0.6500, 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 54% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -86%, SGRP 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.

Widest divergence: Dividend Discount ($0.0500) versus Asset-Based ($0.0100). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

SPAR Group, Inc., together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

Full company description

SPAR Group, Inc., together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets, planogram maintenance, display and shelf services, display setup, and point of purchase installation and management. The company also provides remodel and retail transformation consisting of store remodels, store department resets, fixture and banner installations, pop-up store services, and store closings; and assembly and installation services, including assembly of merchandise in stores, in-store services, office setup/down-sizing services, national in-home furniture assembly services, and assembly and installation of fitness equipment services. In addition, it offers business analytics and insights services, such as product dashboards, stock out reporting, visit reporting, real-time service insights, share of shelf analytics, and photo analysis; and fulfillment and distribution services comprising distribution center staffing, point of purchase fulfillment services, kiosk prep, returns processing, picking and packing services, and inventory services. Further, the company serves mass merchandisers, HBAs, and pharmacies, as well as groceries, discounts, dollar, convenience, cash and carry, home improvement, consumer electronics, automotive aftermarket, office supply, personal technology, beverage, household products, consumables, financial products, and independent stores. SPAR Group, Inc. was founded in 1967 and is headquartered in Charlotte, North Carolina.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SPAR Group reported revenue of $136M in FY2025 versus $256M in FY2021, a compound −14.6%/yr. Reported net income was −$24.6M in FY2025.

SGRP screens 86% overvalued. Compare with Cintas Corporation →

Peer Group

Specialty Business Services · 253 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.

Valuation Multiples vs Specialty Business Services median · lower = cheaper

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.