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The Platform Group SE & Co. KGaA (TPG0) Fair Value & Analysis

Technology · DE · Market cap €16.9M · ISIN DE000A40ZW88

TP The Platform Group SE & Co. KGaA TPG0 · XETRA
Price€0.9800
Fair Value€0.7185
Upside-26.7%
Quality56/100
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Strengths

Healthy Growth (revenue 3y +64.1 %/yr)
Moderate debt · generates free cash flow
Ranks above peers (10/13)

Risks

!Trades 36% ABOVE our fair value of €0.7185
!Thin margins · 5.7% net margin
!Moderate moat 52/100
!The models disagree: range €0.5378 to €2.07
Healthy Growth (revenue 3y +64.1 %/yr)
Thin margins · 5.7% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/13)
Moderate moat 52/100
Evidence: High Range €0.5378 – €2.07 Share as image

Fair value as of: Aug 14, 2026

From 11 valuation models · updated 17 days ago

Fair value updated Aug 14, 2026, revised from €0.7535 to €0.7185 (−4.6%) since Jul 16, 2026. Share price +8.9% over the past month.

A solid business, but trading 36% above our fair value.

What runs behind every stock

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

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What matters now

  • The model range is unusually wide (€0.5378 to €2.07). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€33.60 €0.7000 Fair Value €0.7185 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range €0.7000 – €33.60 · fair‑value band €0.5378 – €2.07 · the €0.9800 price screens above the €0.7185 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

The Platform Group SE & Co. KGaA (TPG0) currently trades at €0.9800, while our model-based Fair Value estimate is €0.7185, implying the stock looks roughly 26.7% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Technology 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: high).

Over the trailing twelve months, The Platform Group SE & Co. KGaA generated revenue of €734M at a net margin of 5.7%. Revenue grew 48.2% year over year. It earns a return on equity of 29.2%. Net debt stands at €114M. Fundamentals as of Aug 14, 2026

Our scenario range runs from €0.5378 (bear case) to €2.07 (bull case); at €0.9800, the current price sits within 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. For context, the median of 10 Technology peers we cover trades at -38% fair-value upside, at -27%, TPG0 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 1.50 EUR per share, which is 209.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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.

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. Evidence
Highest evidence
Growth DCF best evidence €18.55 €32.57 €54.46 71
Owner Earnings €15.54 €34.62 €67.91 67
P/E Multiple €19.90 €26.54 €33.17 63
All 11 models by family
DCF Models
Owner Earnings €15.54 €34.62 €67.91 67
5Y P/E Exit €17.26 €40.46 €71.50 62
10Y P/E Exit €18.25 €40.35 €75.34 56
Earnings-Based
Graham-Dodd €13.88 €96.80 €135.84 59
Lynch FV €50.01 €71.44 €92.88 57
Multiples
P/E Multiple €19.90 €26.54 €33.17 63
P/B Multiple €8.99 €11.99 €14.99 55
Asset-Based
NCAV (Graham) €4.28 €5.74 €8.57 54
Growth DCF
Growth DCF best evidence €18.55 €32.57 €54.46 71
Rev-Margin DCF €19.02 €36.20 €72.18 63
Economic Profit
Residual Income €10.55 €14.20 €51.42 53

Widest divergence: Earnings-Based (€71.44) versus Asset-Based (€5.74). Highest evidence: Growth DCF (71).

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Key figures & financial health

P/E ratio 1.2 as of May 31, 2026
P/S ratio 0.07 P/E × margin
EPS (TTM) €2.26 price ÷ EPS = P/E 1.2
Net margin 5.8% FY2025
Return on equity 29.2% TTM
Return on assets (EBIT) 5.9% avg 5y
More key figures
Profitability
Operating margin 3.8% TTM
Growth
Revenue (TTM) €734M TTM
Revenue growth (YoY) +48.2% 3y avg +64.1%
EPS growth (YoY) +72.2%
Balance sheet & cash flow
Free cash flow €42.3M FY2025
Net debt €114M FY2025 · ≈ 2.7 yrs of FCF

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 5

Profitability 77
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 16
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 36
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

The Platform Group SE & Co. KGaA, a software company, operates online platforms for B2B and B2C customers. It operates through four segments: Consumer Goods, Freight Goods, Industrial Goods, Pharmaceuticals & Retail Goods, and Optics & Hearing.

Full company description

The Platform Group SE & Co. KGaA, a software company, operates online platforms for B2B and B2C customers. It operates through four segments: Consumer Goods, Freight Goods, Industrial Goods, Pharmaceuticals & Retail Goods, and Optics & Hearing. The company operates platforms in the fields of shoes, fashion, bags, jewelers, learn, machines, bicycles, property, furniture, pharmacy, dental, automotive, barber, luxury, forestry/garden, and sustainability industries. It has operations in Germany, the Netherlands, Austria, Switzerland, France, Italy, Spain, Portugal, England, Poland, Belgium, Ireland, and internationally. The Platform Group SE & Co. KGaA was founded in 1882 and is headquartered in Düsseldorf, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Platform Group SE & Co. KGaA reported revenue of €728M in FY2025 versus €134M in FY2021, a compound +52.7%/yr. Reported net income was €42.0M in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€728M
Latest YoY
+38.8%
Avg. revenue growth/yr (3Y) 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.
+64.1%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years, EBIT basis) plus dividend yield: value created per share and year.
−4.1% (-4.1 + 0.0)
Revenue +52.7%/yr
FY21 €134M
FY22 €165M
FY23 €432M
FY24 €525M
FY25 €728M
Net income
FY21 −€1.7M
FY22 −€6.3M
FY23 €25.5M
FY24 €31.2M
FY25 €42.0M

TPG0 screens 36% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "The Platform Group SE & Co. KGaA Fair Value". https://www.fairvalue-calculator.com/stock/TPG0

Peer Group

Software - Application · 729 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.

Quality Score 55 · Above median
Fair Value upside −27% · Below median
Return on equity (TTM) 29% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth 48% · Top 25%
Debt / equity 0.58× · Higher than 75% of peers

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 1.2× · Cheaper than 75% of peers
P/B 0.11× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 2.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 38
PAST100 · sector 11
HEALTH71 · sector 98
DIVIDEND0 · sector 30

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

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 (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAP €191.32 €169.59 -11%
Shopify Inc SHOP C$209.78 C$28.76 -86%
Uber Technologies, Inc UBER $78.82 $43.66 -45%
Salesforce, Inc CRM $252.05 $249.28 -1%
ServiceNow, Inc NOW $138.43 $43.73 -68%
Cadence Design Systems, Inc CDNS $340.39 $112.57 -67%
Snowflake Inc SNOW $329.11 $42.27 -87%
Adobe Inc ADBE $289.15 $454.04 +57%
Automatic Data Processing, Inc ADP $284.68 $177.51 -38%
Intuit Inc INTU $348.00 $363.46 +4%

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Frequently asked questions

Is The Platform Group SE & Co. KGaA (TPG0) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of €0.7185 versus a price of €0.9800, about −27% (overvalued).
What is the fair value of TPG0?
Our model-based fair value for The Platform Group SE & Co. KGaA is €0.7185 (as of Aug 14, 2026), built from audited fundamentals. The current price: €0.9800.
What is the quality score of TPG0?
The Platform Group SE & Co. KGaA has a Quality Score of 56/100. 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 revenue of The Platform Group SE & Co. KGaA (TPG0)?
The Platform Group SE & Co. KGaA reported trailing-twelve-month revenue of about €734M (latest available figure, as of Aug 14, 2026).
What is the net profit margin of TPG0?
The net profit margin of The Platform Group SE & Co. KGaA is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.

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.

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