EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Embracer Group (THQQF) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Embracer Group $22.55, price $8.75, upside +157.7%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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

Communication Services · US · Home Sweden · ISIN SE0023615885

EG Embracer Group logo Thin data Oct 2, 2026

Embracer Group

THQQF · US

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value $22.55 · Strongly undervalued (+157.7%)
!Quality 47/100
!Weak Growth (revenue 5y +24.8 %/yr)
!Thin margins · 5.7% net margin (TTM)
!Low debt · negative free cash flow
!Narrow moat 36/100
!Evidence only low, so the estimate is less certain
Watch Embracer Group for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

$14,143 $4.83 Fair Value $22.55 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.

How to read this chart

60‑month range $4.83 – $14,143 · fair‑value band $15.65 – $27.81 · the $8.75 price screens below the $22.55 fair value. Dashed = 300-day average. As of Oct 2, 2026.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Embracer Group AB (publ), together with its subsidiaries, develops and publishes PC, console, mobile, VR, and board games for the games market internationally. It operates through, PC/Console Games, Mobile Games, and Entertainment and Services segments. The company also publishes films and comic books, as well as engages in the trading of card games.

Show more

Embracer Group AB (publ), together with its subsidiaries, develops and publishes PC, console, mobile, VR, and board games for the games market internationally. It operates through, PC/Console Games, Mobile Games, and Entertainment and Services segments. The company also publishes films and comic books, as well as engages in the trading of card games. It distributes games through retailers, physical stores, and digital distributors. The company was formerly known as THQ Nordic AB (publ) and changed its name to Embracer Group AB (publ) in October 2019. Embracer Group AB (publ) was founded in 1990 and is headquartered in Karlstad, Sweden.

Stock analysis

Embracer Group (THQQF) currently trades at $8.75, while our model-based Fair Value estimate is $22.55, implying the stock looks roughly 61.2% undervalued today.

Show more

Valuation

Bull case: the DCF Models group reads highest at a median of $29.40 per share, and 2 of the 3 models we run sit above the $8.75 price.

Bear case: the Asset-Based group reads lowest at $6.10, and 1 of the 3 models stay below the price. Evidence for this calculation is low.

Scenario range: $15.65 (bear) to $27.81 (bull), the price of $8.75 sits below 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 47/100 (below-average quality), in the Communication Services sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Embracer Group reported revenue of 15.9B SEK in FY2026 versus 9.0B SEK in FY2022, a compound +15.2%/yr. Reported net income was −5.8B SEK in FY2026.

Key figures

Market cap $1.8B · P/S ratio 0.07 · EPS (TTM) $−3.41 · Dividend yield 3.0% · Net margin −36.6% · Return on equity 7.8% · Return on assets (EBIT) −7.7% · Revenue (TTM) $20.0B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).

What moves the price

The share trades about 29% below its 52-week high and 72% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 44% fair-value upside, at 158%, THQQF screens cheaper than that median.

Fair Value models

Bear $15.65 Fair Value $22.55 Bull $27.81
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. 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
Owner Earnings $15.29 $29.40 $55.56 68
EV/EBITDA $17.91 $23.17 $28.42 67
NCAV (Graham) $4.56 $6.10 $9.11 54
All 3 models by family
DCF Models
Owner Earnings $15.29 $29.40 $55.56 68
Multiples
EV/EBITDA $17.91 $23.17 $28.42 67
Asset-Based
NCAV (Graham) $4.56 $6.10 $9.11 54

Open the full fair value analysis →

Notify me when THQQF reaches fair value

Put THQQF on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 50

Profitability 24
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

Open the full quality analysis →

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. 40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−28.9%
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.
−25.0%
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.
+24.8%
Start year 2021 (pandemic). Over 10 years: +53.9% 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.
+52.3%
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.
6.6% (2021) → −45.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

Watch THQQF, get fair value alerts →

Compare Embracer Group with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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 · 138 stocks

Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 47 · Below median
Profitability
Return on equity (TTM) 7.8% · Above median
Return on assets 1.6% · Below median
Net margin (TTM) 5.7% · Above median
Operating margin (TTM) 0.0% · Below median
Growth and dividend
Revenue growth 36.8% · Top 25%
Dividend yield (TTM) 3.0% · Above median
Balance sheet
Debt / equity 0.02× · Above median

Valuation Multiplesvs Electronic Gaming & Multimedia median · lower = cheaper

P/B 0.07× · Cheapest 25%
P/S (TTM) 0.07× · Cheapest 25%

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 Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
NetEase, Inc NTES $121.82 $254.16 +109%
Take-Two Interactive Software, Inc TTWO $203.62 $75.29 −63%
Roblox Corporation RBLX $43.00 $45.24 +5%
Zhejiang Century Huatong Group 002602 ¥14.23 ¥27.63 +94%
International Games System Co 3293 761.00 TWD 1,094 TWD +44%
Giant Network Group 002558 ¥23.62 ¥31.97 +35%
KRAFTON, Inc 259960 198,000 KRW 410,472 KRW +107%
CD Projekt S.A CDR 244.60 PLN 269.06 PLN +10%
37 Interactive Entertainment Network Technology Group 002555 ¥17.38 ¥39.02 +125%
Kingnet Network Co 002517 ¥16.17 ¥22.00 +36%

Explore undervalued stocks

More undervalued Communication Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

Embracer Group · Fair Value
$22.55 +61%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Embracer Group Fair Value". https://www.fairvalue-calculator.com/stock/THQQF

Frequently asked questions

Is Embracer Group (THQQF) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of $22.55 versus a price of $8.75, about +158% upside (undervalued).
What is the fair value of THQQF?
Our model-based fair value for Embracer Group is $22.55 (as of Oct 2, 2026), built from audited fundamentals. The current price: $8.75.
What is the quality score of THQQF?
Embracer Group has a Quality Score of 47/100. 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 Embracer Group (THQQF)?
Our model-based price target is the fair value of $22.55 (as of Oct 2, 2026) from 3 valuation models. Cautious scenario $15.65, optimistic scenario $27.81. It is a calculation from audited fundamentals, not an analyst target.
What is the Embracer Group stock forecast for 2026?
Our models put fair value at $22.55, about +158% upside versus a price of $8.75 (undervalued). Cautious scenario $15.65, optimistic scenario $27.81. The calculation is refreshed regularly with new filings.
What is the revenue of Embracer Group (THQQF)?
Embracer Group reported trailing-twelve-month revenue of about $20.0B (latest available figure, as of Oct 2, 2026).
Does Embracer Group pay a dividend?
Embracer Group currently shows a dividend yield of about 2.95% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Embracer Group (THQQF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Embracer Group it is $22.55 per share (as of Oct 2, 2026), against a price of $8.75. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Embracer Group stock overvalued or undervalued in 2026?
As of Oct 2, 2026, THQQF trades below its calculated fair value: price $8.75, fair value $22.55, a gap of about +158% (undervalued). 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 THQQF?
No. The price is what the market pays today ($8.75); the fair value is what the company's own numbers justify ($22.55). For Embracer Group the two are $13.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is Embracer Group worth?
The market values Embracer Group at about $1.8B (market capitalisation, as of Oct 2, 2026). Per share that is $8.75; our models calculate a fair value of $22.55 per share.
What do the bullish and bearish scenarios say about THQQF?
Our models span a range for Embracer Group: cautious scenario $15.65, base $22.55, optimistic $27.81 per share (as of Oct 2, 2026, price $8.75). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Embracer Group (THQQF)?
Balance-sheet figures for Embracer Group (as of Oct 2, 2026): return on equity 7.8%, debt of 0.02 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is THQQF from its 52-week high?
Embracer Group trades at $8.75, about 29% below its 52-week high of $12.30 and 72% above the low of $5.10 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $22.55 is for.
Which stocks are comparable to Embracer Group?
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 Embracer Group stock attractive at the current price?
The data as of Oct 2, 2026: price $8.75, calculated fair value $22.55 (+158%), Quality Score 47/100, from 3 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 THQQF calculated?
We run Embracer Group through 3 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 $22.55, 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. Embracer Group currently trades 61 % below its own fair value, and the market average says nothing about that. 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 Embracer Group (THQQF)?
The closing price on Oct 2, 2026 was $8.75. Our model-based fair value is $22.55, about +158% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Embracer Group right now?
The price is below even our cautious bear case ($15.65). The market is more pessimistic than our downside scenario. 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 quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Embracer Group

How large is the market capitalisation of Embracer Group (THQQF)?
The market capitalisation of Embracer Group is $1.8B. 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 Embracer Group (THQQF)?
The price-to-sales ratio of Embracer Group is 0.07 (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 Embracer Group (THQQF)?
Earnings per share at Embracer Group are $−3.41. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Embracer Group (THQQF)?
The dividend yield of Embracer Group is 3.0%. 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 Embracer Group (THQQF)?
The net margin of Embracer Group is −36.6% (fiscal year 2026). 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 Embracer Group (THQQF)?
The return on equity (ROE) of Embracer Group is 7.8% (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 Embracer Group (THQQF)?
On an EBIT basis the return on assets of Embracer Group is −7.7% (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 Embracer Group (THQQF)?
Revenue at Embracer Group is growing +36.8% versus a year earlier (3y avg −25.0%). 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 Embracer Group (THQQF)?
Earnings per share at Embracer Group are growing +24.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Embracer Group (THQQF) generate?
The free cash flow of Embracer Group is −$546M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Embracer Group (THQQF) hold?
Embracer Group holds more cash than debt, $3.3B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed

Watch Embracer Group in the live analysis

One click puts Embracer Group on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.