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TomTom NV (TOM2) fair value: what the stock is really worth

As of Sep 28, 2026: fair value of TomTom NV €0.71, price €3.76, upside -81.1%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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

Technology · NL · ISIN NL0013332471

TN TomTom NV logo Thin data Sep 27, 2026

TomTom NV

TOM2 · AS

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value €0.7100 · Strongly overvalued (−81.1%)
!Quality 59/100
!Weak Growth (revenue 5y +1.0 %/yr)
!Thin margins · 0.8% net margin (TTM)
✓Low debt · generates free cash flow
!Mixed vs. peers (7/13)
!Narrow moat 36/100
!Insider activity 40/100
!Evidence only low, so the estimate is less certain
!Weak on past: 12 out of 100
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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

€9.22 €3.44 Fair Value €0.7100 Aug 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range €3.44 – €9.22 · fair‑value band €0.7000 – €0.7100 · the €3.76 price screens above the €0.7100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

TomTom N.V., together with its subsidiaries, develops and sells navigation and location-based products and services in Europe, the Americas, Asia, and internationally. The company operates in two segments, Location Technology and Consumer.

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TomTom N.V., together with its subsidiaries, develops and sells navigation and location-based products and services in Europe, the Americas, Asia, and internationally. The company operates in two segments, Location Technology and Consumer. It offers routing, automotive, and places APIs; automotive navigation, navigation SDK for mobile, and AI agent products; maps for automated driving, map maker, maps SDK for JavaScript, and map display and places APIs. The company also provides traffic solutions, such as traffic stats, origin destination analysis, route monitoring, junction analytics, historical traffic volumes, and traffic APIs; and navigation apps, personal and professional sat navs, in-dash navigation, accessories, and maps and service updates for drivers. In addition, it offers road traffic management, location intelligence, electrification, automated driving, navigation for automotive, and safety and regulations solutions. The company serves fleet management and logistics, mobility on demand, Insurtech, and retail and advertising, as well as government and public sectors. The company was founded in 1991 and is headquartered in Amsterdam, the Netherlands.

Stock analysis

TomTom NV (TOM2) currently trades at €3.76, while our model-based Fair Value estimate is €0.7100, implying the stock looks roughly 429.1% overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of €2.81 per share, and 2 of the 14 models we run sit above the €3.76 price.

Bear case: the Earnings-Based group reads lowest at €0.7100, and 12 of the 14 models stay below the price. Evidence for this calculation is low.

Scenario range: €0.7000 (bear) to €0.7100 (bull), the price of €3.76 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 59/100 (solid quality), in the Technology sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

TomTom NV reported revenue of €555M in FY2025 versus €507M in FY2021, a compound +2.3%/yr. Reported net income was −€6.4M in FY2025.

Key figures

Market cap €571M · P/E ratio 93.9 · P/S ratio 1.05 · EPS (TTM) €0.0400 · Net margin −1.2% · Return on equity 3.0% · Return on assets (EBIT) −5.5% · Operating margin 10.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 46% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −81%, TOM2 screens richer than that median.

Fair Value models

Bear €0.7000 Fair Value €0.7100 Bull €0.7100
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 (€0.0298 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 €3.54 €4.42 €5.90 82
Growth DCF €3.64 €4.47 €5.76 80
Owner Earnings €1.24 €1.42 €1.72 78
All 14 models by family
DCF Models
FCF DCF €3.54 €4.42 €5.90 82
Owner Earnings €1.24 €1.42 €1.72 78
5Y Revenue Exit €1.98 €2.11 €2.29 74
5Y EBITDA Exit €2.60 €3.18 €3.96 77
10Y Revenue Exit €2.65 €2.81 €2.93 68
10Y EBITDA Exit €3.00 €3.42 €3.82 70
Earnings-Based
EPV €0.7000 €0.7100 €0.7100 74
Multiples
EV/EBIT €0.8300 €0.8900 €0.9400 66
EV/EBITDA €2.07 €2.54 €3.01 67
EV/Revenue €0.7700 €0.8200 €0.8700 54
Asset-Based
NCAV (Graham) €0.5600 €0.7500 €1.12 54
Growth DCF
Growth DCF €3.64 €4.47 €5.76 80
Rev-Margin DCF €1.98 €2.19 €2.49 74
Economic Profit
ROIC Compounder €0.7000 €0.7100 €0.7100 72

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Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 26

Profitability 36
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 96
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. 39/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−3.4%
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.
+1.1%
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.
+1.0%
Start year 2020 (pandemic). Over 10 years: −5.8% a year
Revenue growth 21 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.
+5.2%
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.
−54.5% (2020) → 0.3% (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
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−13.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −15.1% a year for the price.

TOM2 screens 429% overvalued. Compare with SAP SE →

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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.Software - Application · 699 stocks

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 59 · Above median
Fair Value upside −81.1% · Bottom 25%
Profitability
Return on equity (TTM) 3.0% · Below median
Return on assets 3.1% · Above median
Net margin (TTM) 0.8% · Below median
Operating margin (TTM) 10.7% · Above median
Growth and dividend
Revenue growth −8.0% · Bottom 25%

Valuation Multiplesvs Software - Application median · lower = cheaper

P/E (TTM) 93.9× · Priciest 25%
P/B 4.09× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM) 1.05× · Cheaper than median
P/FCF 13.1× · Cheaper than median
EV/EBITDA 11.2× · Cheaper than median
PEG 51.27× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 29
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)12 · sector 16
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 30

VALUE 0: the price sits above our fair-value range.

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 Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €185.92 €172.46 −7%
Salesforce, Inc CRM $234.02 $342.73 +46%
Shopify Inc SHOP $142.25 $64.36 −55%
ServiceNow, Inc NOW $135.62 $149.18 +10%
Uber Technologies, Inc UBER $69.62 $103.69 +49%
Snowflake Inc SNOW $335.94 $74.36 −78%
Automatic Data Processing, Inc ADP $263.67 $150.01 −43%
Adobe Inc ADBE $235.47 $454.04 +93%
Datadog, Inc DDOG $268.13 $32.52 −88%
Cadence Design Systems, Inc CDNS $326.13 $225.48 −31%

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TomTom NV · Fair Value
€0.7100 −429%Fair Value
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Cite: Fair Value Calculator (2026). "TomTom NV Fair Value". https://www.fairvalue-calculator.com/stock/TOM2

Frequently asked questions

Is TomTom NV (TOM2) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of €0.7100 versus a price of €3.76, about −81% upside (overvalued).
What is the fair value of TOM2?
Our model-based fair value for TomTom NV is €0.7100 (as of Sep 27, 2026), built from audited fundamentals. The current price: €3.76.
What is the quality score of TOM2?
TomTom NV has a Quality Score of 59/100. 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 TomTom NV (TOM2)?
Our model-based price target is the fair value of €0.7100 (as of Sep 27, 2026) from 14 valuation models. Cautious scenario €0.7000, optimistic scenario €0.7100. It is a calculation from audited fundamentals, not an analyst target.
What is the TomTom NV stock forecast for 2026?
Our models put fair value at €0.7100, about −81% upside versus a price of €3.76 (overvalued). Cautious scenario €0.7000, optimistic scenario €0.7100. The calculation is refreshed regularly with new filings.
What is the revenue of TomTom NV (TOM2)?
TomTom NV reported trailing-twelve-month revenue of about €543M (latest available figure, as of Sep 27, 2026).
What growth is priced into TomTom NV (TOM2)?
For today's price to be fair in a discounted-cash-flow model, TomTom NV would have to grow free cash flow by -13.3 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of TOM2 use?
Our models discount TomTom NV at 11.0 %: a base by market capitalisation (small), damped by beta 1.01, country premium for Netherlands. 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 TomTom NV that is -13.3 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has TomTom NV (TOM2) delivered so far?
Over the past 5 years revenue at TomTom NV grew +1.0 % a year. The price currently implies -13.3 % 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 TomTom NV (TOM2) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into TomTom NV (-13.3 % 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 TomTom NV (TOM2)?
The free-cash-flow yield on the price is 9.33 %: that much free cash flow TomTom NV produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TomTom NV (TOM2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TomTom NV it is €0.7100 per share (as of Sep 27, 2026), against a price of €3.76. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is TomTom NV stock overvalued or undervalued in 2026?
As of Sep 27, 2026, TOM2 trades above its calculated fair value: price €3.76, fair value €0.7100, a gap of about −81% (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 TOM2?
No. The price is what the market pays today (€3.76); the fair value is what the company's own numbers justify (€0.7100). For TomTom NV the two are €3.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is TomTom NV worth?
The market values TomTom NV at about €571M (market capitalisation, as of Sep 27, 2026). Per share that is €3.76; our models calculate a fair value of €0.7100 per share.
What do the bullish and bearish scenarios say about TOM2?
Our models span a range for TomTom NV: cautious scenario €0.7000, base €0.7100, optimistic €0.7100 per share (as of Sep 27, 2026, price €3.76). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TOM2?
TomTom NV trades at a price-to-earnings ratio of 93.9 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €0.7100 is built from several models across several years. Other multiples: PEG 51.3, P/B 4.1, P/S 1.1, EV/EBITDA 11.2.
What is the PEG ratio of TOM2?
The PEG ratio of TomTom NV is 51.27 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of TomTom NV (TOM2)?
Balance-sheet figures for TomTom NV (as of Sep 27, 2026): return on equity 3.0%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is TOM2 from its 52-week high?
TomTom NV trades at €3.76, about 46% below its 52-week high of €7.01 and 9% above the low of €3.44 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of €0.7100 is for.
Which stocks are comparable to TomTom NV?
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 TomTom NV stock attractive at the current price?
The data as of Sep 27, 2026: price €3.76, calculated fair value €0.7100 (−81%), Quality Score 59/100, from 14 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 TOM2 calculated?
We run TomTom NV through 14 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 €0.7100, 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 15.9 % above its aggregate fair value. TomTom NV 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 TomTom NV (TOM2)?
The closing price on Sep 28, 2026 was €3.76. Our model-based fair value is €0.7100, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TomTom NV right now?
The price sits above even our optimistic bull case (€0.7100). The favourable scenario is already priced in. 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 but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (€0.7000 to €0.7100), unusually little disagreement for a valuation.

Key figures of TomTom NV

How large is the market capitalisation of TomTom NV (TOM2)?
The market capitalisation of TomTom NV is €571M. 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 TomTom NV (TOM2)?
The price-to-sales ratio of TomTom NV is 1.05 (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 TomTom NV (TOM2)?
Earnings per share at TomTom NV are €0.0400 (price ÷ EPS = P/E 93.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of TomTom NV (TOM2)?
The net margin of TomTom NV is −1.2% (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 TomTom NV (TOM2)?
The return on equity (ROE) of TomTom NV is 3.0% (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 TomTom NV (TOM2)?
On an EBIT basis the return on assets of TomTom NV is −5.5% (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 TomTom NV (TOM2)?
The operating margin of TomTom NV is 10.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TomTom NV (TOM2)?
Revenue at TomTom NV is growing −8.0% versus a year earlier (3y avg +1.1%). 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 TomTom NV (TOM2)?
Earnings per share at TomTom NV are growing +450% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does TomTom NV (TOM2) hold?
TomTom NV holds more cash than debt, €8.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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