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TeamViewer SE (TMVWY) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of TeamViewer SE $11.60, price $3.84, upside +202.1%, quality 64 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? Yes
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Technology · US · ISIN DE000A2YN900

TS TeamViewer SE logo Broad data Sep 24, 2026

TeamViewer SE

TMVWY · US

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value $11.60 · Strongly undervalued (+202.1%)
✓Quality 64/100
✓Healthy Growth (revenue 5y +9.5 %/yr)
✓Solidly profitable · 16.4% net margin (TTM)
!High debt · generates free cash flow
✓Wide moat 81/100

What runs behind every stock

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

Price vs Fair Value

$19.04 $2.40 Fair Value $11.60 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range $2.40 – $19.04 · fair‑value band $6.65 – $14.50 · the $3.84 price screens below the $11.60 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

TeamViewer SE, together with its subsidiaries, provides remote connectivity solutions worldwide.

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TeamViewer SE, together with its subsidiaries, provides remote connectivity solutions worldwide. The company offers TeamViewer remote, a remote access, control, and management solution; TeamViewer Tensor, an enterprise connectivity solution for remote support, control and management of enterprise IT, smart devices, and industrial equipment; TeamViewer Frontline, a digital workflow, instruction, and assistance for smart frontline operations; and TeamViewer Dex, a real-time diagnostics and remediation, monitoring and analytics for insights and AI-driven automation. It also provides augmented reality and mixed reality-based solutions for manual processes in logistics, manufacturing, and aftersales operations. The company was founded in 2005 and is headquartered in Göppingen, Germany.

Stock analysis

TeamViewer SE (TMVWY) currently trades at $3.84, while our model-based Fair Value estimate is $11.60, implying the stock looks roughly 66.9% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of $12.34 per share, and 20 of the 24 models we run sit above the $3.84 price.

Bear case: the Economic Profit group reads lowest at $2.70, and 4 of the 24 models stay below the price. Evidence for this calculation is high.

Scenario range: $6.65 (bear) to $14.50 (bull), the price of $3.84 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 64/100 (solid quality), in the Technology sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

TeamViewer SE reported revenue of €717M in FY2025 versus €501M in FY2021, a compound +9.4%/yr. Reported net income was €114M in FY2025, compounding +22.7%/yr from FY2021.

Key figures

Market cap $1.2B · P/E ratio 8.5 · P/S ratio 1.35 · EPS (TTM) $0.4500 · Net margin 15.8% · Return on equity 76.6% · Return on assets (EBIT) 13.6% · Operating margin 33.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).

What moves the price

The share trades about 25% below its 52-week high and 60% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at 202%, TMVWY screens cheaper than that median.

Fair Value models

Bear $6.65 Fair Value $11.60 Bull $14.50
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 ($0.3403 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.
Highest evidence
FCF DCF $6.86 $13.48 $24.73 76
Growth DCF $6.62 $12.35 $20.99 76
EPV $3.13 $3.80 $4.35 74
All 24 models by family
DCF Models
FCF DCF $6.86 $13.48 $24.73 76
Owner Earnings $5.81 $11.77 $21.51 73
5Y Revenue Exit $6.12 $12.34 $20.98 70
5Y EBITDA Exit $9.45 $19.54 $32.66 72
5Y P/E Exit $6.41 $12.97 $20.70 68
10Y Revenue Exit $6.05 $11.84 $21.12 64
10Y EBITDA Exit $8.34 $16.78 $30.45 65
10Y P/E Exit $6.45 $12.27 $20.89 61
Earnings-Based
Graham-Dodd $2.77 $14.94 $20.71 63
Lynch FV $4.14 $5.91 $7.68 61
PEG = 1.0 $4.14 $5.91 $7.68 57
EPV $3.13 $3.80 $4.35 74
Multiples
P/E Multiple $8.55 $11.40 $14.26 63
P/S Multiple $5.19 $6.92 $8.66 58
P/B Multiple $2.66 $3.55 $4.43 55
EV/EBIT $13.13 $18.10 $23.06 66
EV/EBITDA $11.91 $16.47 $21.03 67
EV/Revenue $5.77 $9.00 $12.22 53
Asset-Based
NCAV (Graham) $0.3000 $0.4000 $0.5900 54
Growth DCF
Growth DCF $6.62 $12.35 $20.99 76
Rev-Margin DCF $6.12 $12.15 $20.33 70
Economic Profit
Residual Income $1.78 $2.70 $6.05 64
ROIC Compounder $3.78 $5.40 $7.35 71
Growth Earnings
Growth-Adj P/E $7.10 $10.14 $13.18 67

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Quality Score breakdown

Overall quality 64/100

Of which business quality 60 · Market factors (momentum, volatility) 47

Profitability 62
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 92
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

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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. 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.8%
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.
+8.2%
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.
+9.5%
Start year 2020 (pandemic)
Revenue growth 9 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.
+25.7%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+6.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.36% → 32%

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+0.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −1.5% a year for the price and +1.5% for the forecasts.
Forecast 2026 (sales)+6.6%
Forecast 2027 (sales)+3.3%
Projected 2028 (sales)+3.1%
Projected 2029 (sales)+2.9%
Projected 2030 (sales)+2.8%

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Values & ESG

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Cite: Fair Value Calculator (2026). "TeamViewer SE Fair Value". https://www.fairvalue-calculator.com/stock/TMVWY

Frequently asked questions

Is TeamViewer SE (TMVWY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $11.60 versus a price of $3.84, about +202% upside (undervalued).
What is the fair value of TMVWY?
Our model-based fair value for TeamViewer SE is $11.60 (as of Sep 24, 2026), built from audited fundamentals. The current price: $3.84.
What is the quality score of TMVWY?
TeamViewer SE has a Quality Score of 64/100. 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 TeamViewer SE (TMVWY)?
Our model-based price target is the fair value of $11.60 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $6.65, optimistic scenario $14.50. It is a calculation from audited fundamentals, not an analyst target.
What is the TeamViewer SE stock forecast for 2026?
Our models put fair value at $11.60, about +202% upside versus a price of $3.84 (undervalued). Cautious scenario $6.65, optimistic scenario $14.50. The calculation is refreshed regularly with new filings.
What is the revenue of TeamViewer SE (TMVWY)?
TeamViewer SE reported trailing-twelve-month revenue of about €751M (latest available figure, as of Sep 24, 2026).
What growth is priced into TeamViewer SE (TMVWY)?
For today's price to be fair in a discounted-cash-flow model, TeamViewer SE would have to grow free cash flow by +0.7 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TMVWY use?
Our models discount TeamViewer SE at 11.1 %: a base by market capitalisation (small), damped by beta 0.96, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TeamViewer SE that is +0.7 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has TeamViewer SE (TMVWY) delivered so far?
Over the past 5 years revenue at TeamViewer SE grew +9.5 % a year. The price currently implies +0.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TeamViewer SE (TMVWY) growing?
The median revenue growth in the sector is +10.3 % a year. That is the yardstick for the growth priced into TeamViewer SE (+0.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TeamViewer SE (TMVWY)?
The free-cash-flow yield on the price is 17.20 %: that much free cash flow TeamViewer SE produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TeamViewer SE (TMVWY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TeamViewer SE it is $11.60 per share (as of Sep 24, 2026), against a price of $3.84. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is TeamViewer SE stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TMVWY trades below its calculated fair value: price $3.84, fair value $11.60, a gap of about +202% (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 TMVWY?
No. The price is what the market pays today ($3.84); the fair value is what the company's own numbers justify ($11.60). For TeamViewer SE the two are $7.76 per share apart. That gap is exactly why we show both numbers side by side.
How much is TeamViewer SE worth?
The market values TeamViewer SE at about $1.2B (market capitalisation, as of Sep 24, 2026). Per share that is $3.84; our models calculate a fair value of $11.60 per share.
What do the bullish and bearish scenarios say about TMVWY?
Our models span a range for TeamViewer SE: cautious scenario $6.65, base $11.60, optimistic $14.50 per share (as of Sep 24, 2026, price $3.84). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is TMVWY from its 52-week high?
TeamViewer SE trades at $3.84, about 25% below its 52-week high of $5.09 and 60% above the low of $2.40 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $11.60 is for.
Which stocks are comparable to TeamViewer SE?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, 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 TeamViewer SE stock attractive at the current price?
The data as of Sep 24, 2026: price $3.84, calculated fair value $11.60 (+202%), Quality Score 64/100, from 24 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 TMVWY calculated?
We run TeamViewer SE through 24 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 $11.60, 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. TeamViewer SE currently trades 67 % 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 TeamViewer SE (TMVWY)?
The closing price on Oct 2, 2026 was $3.84. Our model-based fair value is $11.60, about +202% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TeamViewer SE right now?
The price is below even our cautious bear case ($6.65). The market is more pessimistic than our downside scenario. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($6.65 to $14.50) leaves room in how you read the outcome.

Key figures of TeamViewer SE

How large is the market capitalisation of TeamViewer SE (TMVWY)?
The market capitalisation of TeamViewer SE is $1.2B. 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/E ratio of TeamViewer SE (TMVWY)?
The price-to-earnings ratio of TeamViewer SE is 8.5. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of TeamViewer SE (TMVWY)?
The price-to-sales ratio of TeamViewer SE is 1.35 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TeamViewer SE (TMVWY)?
Earnings per share at TeamViewer SE are $0.4500 (price ÷ EPS = P/E 8.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of TeamViewer SE (TMVWY)?
The net margin of TeamViewer SE is 15.8% (fiscal year 2025). 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 TeamViewer SE (TMVWY)?
The return on equity (ROE) of TeamViewer SE is 76.6% (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 TeamViewer SE (TMVWY)?
On an EBIT basis the return on assets of TeamViewer SE is 13.6% (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.
What is the operating margin of TeamViewer SE (TMVWY)?
The operating margin of TeamViewer SE is 33.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TeamViewer SE (TMVWY)?
Revenue at TeamViewer SE is growing +2.5% versus a year earlier (3y avg +8.2%). 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 TeamViewer SE (TMVWY)?
Earnings per share at TeamViewer SE are growing +14.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TeamViewer SE (TMVWY) carry?
The net debt of TeamViewer SE is €901M (fiscal year 2025, ≈ 4.9 yrs of FCF). 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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