TX Group AG (TXGN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of TX Group AG CHF 139, price CHF 166, upside -16.6%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch TX Group AG 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 freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range CHF 71.75 – CHF 227.47 · fair‑value band CHF 103.55 – CHF 157.81 · the CHF 166.40 price screens above the CHF 138.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow TX Group in your weekly email
Every Wednesday you see whether TX Group is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
TX Group AG operates a network of platforms and participations that provides users with information, orientation, entertainment, and other services in Switzerland. It operates through five segments: TX Markets, Goldbach, 20 Minuten, Tamedia, and Group & Ventures.
Show more
TX Group AG operates a network of platforms and participations that provides users with information, orientation, entertainment, and other services in Switzerland. It operates through five segments: TX Markets, Goldbach, 20 Minuten, Tamedia, and Group & Ventures. The company operates platforms in the areas of real estate, automotive, marketplaces, and finance and insurance services, as well as operates JobCloud, a job portal. It also provides advertising marketing in the areas of TV, OOH, radio, online, mobile and performance marketing. In addition, the company offers daily newspapers, magazines, and publishing services. Further, the company provides news through news media outlets; Zattoo; and Doodle, as well as fintech area platforms. The company was formerly known as Tamedia AG and changed its name to TX Group AG in January 2020. TX Group AG was founded in 1893 and is based in Zurich, Switzerland.
Stock analysis
TX Group AG (TXGN) currently trades at CHF 166.40, while our model-based Fair Value estimate is CHF 138.76, implying the stock looks roughly 19.9% overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of CHF 146.56 per share, and 6 of the 24 models we run sit above the CHF 166.40 price.
Bear case: the Growth Earnings group reads lowest at CHF 13.91, and 18 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: CHF 103.55 (bear) to CHF 157.81 (bull), the price of CHF 166.40 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 62/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
TX Group AG reported revenue of CHF 872M in FY2025 versus CHF 952M in FY2021, a compound −2.2%/yr. Reported net income was CHF 8.6M in FY2025, compounding −67.8%/yr from FY2021.
Key figures
Market cap CHF 1.7B · P/E ratio 200.5 · P/S ratio 1.98 · EPS (TTM) CHF 0.8300 · Dividend yield 2.4% · Net margin 1.0% · Return on equity 1.4% · Return on assets (EBIT) 0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 11% fair-value upside, at −17%, TXGN screens richer than that median.
Fair Value models
Bear CHF 103.55Fair Value CHF 138.76Bull CHF 157.81
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.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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.3%
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.
−1.8%
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.
−1.3%
Start year 2020 (pandemic). Over 10 years: −2.0% a year
Revenue growth 23 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.
+1.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−51.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−54.2%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−54% vs −25%, slowing
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.−8% → 1%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 1.2%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
−7.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Switzerland: IMF forecast 0.6% a year to 2030, 0.8% from 2016 to 2025) that is about −7.9% a year for the price.
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.Publishing · 104 stocks
Beats the industry median on 3/15 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−18% · Below median
Profitability
Return on equity (TTM)1% · Below median
Return on assets0% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth−7% · Below median
Dividend yield (TTM)2.4% · Below median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Publishing median · lower = cheaper
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). "TX Group AG Fair Value". https://www.fairvalue-calculator.com/stock/TXGN
Frequently asked questions
Is TX Group AG (TXGN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of CHF 138.76 versus a price of CHF 166.40, about −17% upside (overvalued).
What is the fair value of TXGN?
Our model-based fair value for TX Group AG is CHF 138.76 (as of Sep 23, 2026), built from audited fundamentals. The current price: CHF 166.40.
What is the quality score of TXGN?
TX Group AG has a Quality Score of 62/100. 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 TX Group AG (TXGN)?
Our model-based price target is the fair value of CHF 138.76 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario CHF 103.55, optimistic scenario CHF 157.81. It is a calculation from audited fundamentals, not an analyst target.
What is the TX Group AG stock forecast for 2026?
Our models put fair value at CHF 138.76, about −17% upside versus a price of CHF 166.40 (overvalued). Cautious scenario CHF 103.55, optimistic scenario CHF 157.81. The calculation is refreshed regularly with new filings.
What is the revenue of TX Group AG (TXGN)?
TX Group AG reported trailing-twelve-month revenue of about CHF 873M (latest available figure, as of Sep 23, 2026).
Does TX Group AG pay a dividend?
TX Group AG currently shows a dividend yield of about 2.40% relative to its recent price (as of Sep 23, 2026).
What growth is priced into TX Group AG (TXGN)?
For today's price to be fair in a discounted-cash-flow model, TX Group AG would have to grow free cash flow by -7.4 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of TXGN use?
Our models discount TX Group AG at 9.8 %: a base by market capitalisation (small), damped by beta 0.57, country premium for Switzerland. 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 TX Group AG that is -7.4 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has TX Group AG (TXGN) delivered so far?
Over the past 5 years revenue at TX Group AG grew -1.3 % a year. The price currently implies -7.4 % 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 TX Group AG (TXGN) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into TX Group AG (-7.4 % 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 TX Group AG (TXGN)?
The free-cash-flow yield on the price is 10.50 %: that much free cash flow TX Group AG produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TX Group AG (TXGN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TX Group AG it is CHF 138.76 per share (as of Sep 23, 2026), against a price of CHF 166.40. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is TX Group AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, TXGN trades above its calculated fair value: price CHF 166.40, fair value CHF 138.76, a gap of about −17% (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 TXGN?
No. The price is what the market pays today (CHF 166.40); the fair value is what the company's own numbers justify (CHF 138.76). For TX Group AG the two are CHF 27.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is TX Group AG worth?
The market values TX Group AG at about CHF 1.7B (market capitalisation, as of Sep 23, 2026). Per share that is CHF 166.40; our models calculate a fair value of CHF 138.76 per share.
What do the bullish and bearish scenarios say about TXGN?
Our models span a range for TX Group AG: cautious scenario CHF 103.55, base CHF 138.76, optimistic CHF 157.81 per share (as of Sep 23, 2026, price CHF 166.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TXGN?
TX Group AG trades at a price-to-earnings ratio of 200.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 138.76 is built from several models across several years. Other multiples: PEG 0.8, P/B 0.9, P/S 2.4, EV/EBITDA 20.6.
What is the PEG ratio of TXGN?
The PEG ratio of TX Group AG is 0.85 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TX Group AG (TXGN)?
Balance-sheet figures for TX Group AG (as of Sep 23, 2026): return on equity 1.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is TXGN from its 52-week high?
TX Group AG trades at CHF 166.40, about 17% below its 52-week high of CHF 199.82 and 37% above the low of CHF 121.80 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 138.76 is for.
Which stocks are comparable to TX Group AG?
From the same area (Communication Services) we also value The New York Times Company, Jiangsu Phoenix Publishing & Media Corporation, China Science Publishing & Media Ltd, People.cn CO., LTD, 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 TX Group AG stock attractive at the current price?
The data as of Sep 23, 2026: price CHF 166.40, calculated fair value CHF 138.76 (−17%), Quality Score 62/100, 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 TXGN calculated?
We run TX Group AG 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 CHF 138.76, 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 14.1 % above its aggregate fair value. TX Group AG 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 TX Group AG (TXGN)?
The closing price on Sep 23, 2026 was CHF 166.40. Our model-based fair value is CHF 138.76, about −17% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TX Group AG right now?
The price sits above even our optimistic bull case (CHF 157.81). The favourable scenario is already priced in. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of TX Group AG (TXGN) come from?
Earnings per share at TX Group AG grew −23.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.3 %, EBIT margin −11.6 %, tax rate −4.6 %, residual (interest, one-offs) −8.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of TX Group AG
How large is the market capitalisation of TX Group AG (TXGN)?
The market capitalisation of TX Group AG is CHF 1.7B. 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 TX Group AG (TXGN)?
The price-to-sales ratio of TX Group AG is 1.98 (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 TX Group AG (TXGN)?
Earnings per share at TX Group AG are CHF 0.8300 (price ÷ EPS = P/E 200.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TX Group AG (TXGN)?
The dividend yield of TX Group AG is 2.4%. 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 TX Group AG (TXGN)?
The net margin of TX Group AG is 1.0% (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 TX Group AG (TXGN)?
The return on equity (ROE) of TX Group AG is 1.4% (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 TX Group AG (TXGN)?
On an EBIT basis the return on assets of TX Group AG is 0.9% (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 TX Group AG (TXGN)?
The operating margin of TX Group AG is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TX Group AG (TXGN)?
Revenue at TX Group AG is growing −7.1% versus a year earlier (3y avg −1.8%). 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 TX Group AG (TXGN)?
Earnings per share at TX Group AG are growing +189% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does TX Group AG (TXGN) hold?
TX Group AG holds more cash than debt, CHF 101M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch TX Group AG in the live analysis
One click puts TX Group AG 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.
