Starbreeze AB (STBEF) fair value: what the stock is really worth
We calculate from audited financials what Starbreeze AB is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Sep 13, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
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Starbreeze AB (publ) develops, publishes, and distributes PC and console games in Europe. The company operates through Game Sales, 3rd Party Publishing, Licenses, and Other segments. It offers its games under the PAYDAY brand. The company was incorporated in 1998 and is headquartered in Stockholm, Sweden.
Stock analysis
Starbreeze AB (STBEF) currently trades at $0.0050, while our model-based Fair Value estimate is $0.0045, 10.0% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 31/100 (below-average quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Starbreeze AB reported revenue of 221M SEK in FY2025 versus 126M SEK in FY2021, a compound +15.2%/yr. Reported net income was −399M SEK in FY2025.
Key figures
Market cap $8.1M · P/E ratio 2.5 · P/S ratio 0.18 · EPS (TTM) $0.0100 · Net margin −239% · Return on equity −118% · Return on assets (EBIT) −26.2% · Revenue (TTM) 226M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 80% below its 52-week high and at its 52-week low.
For context, the median of 10 Communication Services peers we cover trades at 44% fair-value upside, at −10%, STBEF screens richer than that median.
Fair Value models
Bear $0.0045Fair Value $0.0045Bull $0.0045
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 9 months old). Earnings retained since then ($0.0075 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.
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.29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+18.9%
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.
+20.1%
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.
+13.4%
Start year 2020 (pandemic). Over 10 years: −2.9% a year
Revenue growth 12 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.
+0.0%
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Profit margin (trend) ⓘ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.
−65.3% (2019) → −172.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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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.Electronic Gaming & Multimedia · 143 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Starbreeze AB Fair Value". https://www.fairvalue-calculator.com/stock/STBEF
Frequently asked questions
Is Starbreeze AB (STBEF) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of $0.0045 versus a price of $0.0050, about −10% upside (overvalued).
What is the fair value of STBEF?
Our model-based fair value for Starbreeze AB is $0.0045 (as of Sep 13, 2026), built from audited fundamentals. The current price: $0.0050.
What is the quality score of STBEF?
Starbreeze AB has a Quality Score of 31/100. 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 Starbreeze AB (STBEF)?
Our model-based price target is the fair value of $0.0045 (as of Sep 13, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Starbreeze AB stock forecast for 2026?
Our models put fair value at $0.0045, about −10% upside versus a price of $0.0050 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Starbreeze AB (STBEF)?
Starbreeze AB reported trailing-twelve-month revenue of about 226M SEK (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of Starbreeze AB (STBEF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Starbreeze AB it is $0.0045 per share (as of Sep 13, 2026), against a price of $0.0050. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Starbreeze AB stock overvalued or undervalued in 2026?
As of Sep 13, 2026, STBEF trades above its calculated fair value: price $0.0050, fair value $0.0045, a gap of about −10% (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 STBEF?
No. The price is what the market pays today ($0.0050); the fair value is what the company's own numbers justify ($0.0045). For Starbreeze AB the two are $0.0005 per share apart. That gap is exactly why we show both numbers side by side.
How much is Starbreeze AB worth?
The market values Starbreeze AB at about $8.1M (market capitalisation, as of Sep 13, 2026). Per share that is $0.0050; our models calculate a fair value of $0.0045 per share.
What is the P/E ratio of STBEF?
Starbreeze AB trades at a price-to-earnings ratio of 2.5 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.0045 is built from several models across several years. Other multiples: P/S 0.0.
How solid is the balance sheet of Starbreeze AB (STBEF)?
Balance-sheet figures for Starbreeze AB (as of Sep 13, 2026): return on equity −118.4%. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is STBEF from its 52-week high?
Starbreeze AB trades at $0.0050, about 80% below its 52-week high of $0.0250 and at the low of $0.0050 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0045 is for.
Which stocks are comparable to Starbreeze AB?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, 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 Starbreeze AB stock attractive at the current price?
The data as of Sep 13, 2026: price $0.0050, calculated fair value $0.0045 (−10%), Quality Score 31/100, from 1 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 STBEF calculated?
We run Starbreeze AB through 1 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 $0.0045, 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 14.9 % above its aggregate fair value. Starbreeze AB 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 Starbreeze AB (STBEF)?
The closing price on Sep 25, 2026 was $0.0050. Our model-based fair value is $0.0045, about −10% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Starbreeze AB right now?
The price sits above even our optimistic bull case ($0.0045). The favourable scenario is already priced in. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Starbreeze AB
How large is the market capitalisation of Starbreeze AB (STBEF)?
The market capitalisation of Starbreeze AB is $8.1M. 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 Starbreeze AB (STBEF)?
The price-to-sales ratio of Starbreeze AB is 0.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Starbreeze AB (STBEF)?
Earnings per share at Starbreeze AB are $0.0100 (price ÷ EPS = P/E 2.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Starbreeze AB (STBEF)?
The net margin of Starbreeze AB is −239% (last twelve months). 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 Starbreeze AB (STBEF)?
The return on equity (ROE) of Starbreeze AB is −118% (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 Starbreeze AB (STBEF)?
On an EBIT basis the return on assets of Starbreeze AB is −26.2% (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.
How fast is revenue growing at Starbreeze AB (STBEF)?
Revenue at Starbreeze AB is growing −60.8% versus a year earlier (3y avg +20.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Starbreeze AB (STBEF) generate?
The free cash flow of Starbreeze AB is −119M SEK (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 Starbreeze AB (STBEF) carry?
The net debt of Starbreeze AB is 447M SEK (fiscal year 2022). 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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Thin data
Sep 13, 2026