EN DE

Verve Group (VRV) Fair Value & Analysis

Technology · DE · Market cap €283M

VG Verve Group VRV · XETRA
Price€1.36
Fair Value€0.1800
Upside-86.8%
Quality27/100
Watch Verve Group for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Loss-making · -0.4% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 26/100
Evidence: Medium Range €0.1300 – €0.2300 Share as image

Fair value as of: Jul 12, 2026

From 15 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from €1.08 to €0.1800 (−83.3%) since Jun 24, 2026. Share price −3.6% over the past month.

Below-average quality, and screening another 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€0.2300). The favourable scenario is already priced in.
  • Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€6.47 €0.7800 Fair Value €0.1800 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range €0.7800 – €6.47 · fair‑value band €0.1300 – €0.2300 · the €1.36 price screens above the €0.1800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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

Analysis

Verve Group (VRV) currently trades at €1.36, while our model-based Fair Value estimate is €0.1800, implying the stock looks roughly 86.8% overvalued today. The Quality Score stands at 27/100 (below-average 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: medium).

Over the trailing twelve months, Verve Group generated revenue of €610M at a net margin of -0.4%. Revenue grew 27.1% year over year. It earns a return on equity of -0.6%. Net debt stands at €492M. Fundamentals as of Jul 12, 2026

Our scenario range runs from €0.1300 (bear case) to €0.2300 (bull case); at €1.36, the current price sits above 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. The share trades about 59% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -87%, VRV screens richer than that median.

Fair Value models

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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (€0.0200 to €5.54). Read the values as a conservative anchor, not as a price target.
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
ROIC Compounder €0.3400 €0.6100 €0.8300 72
Growth-Adj P/E €0.1200 €0.1600 €0.2100 68
P/E Multiple €0.0600 €0.0800 €0.1000 63
All 15 models by family
DCF Models
Owner Earnings €0.0200 €1.68 31
Earnings-Based
Graham-Dodd €0.0200 €0.1700 €0.2400 54
Lynch FV €0.0900 €0.1200 €0.1600 50
PEG = 1.0 €0.0900 €0.1200 €0.1600 46
EPV €0.3400 €0.6100 €0.8300 59
Multiples
P/E Multiple €0.0600 €0.0800 €0.1000 63
P/S Multiple €0.0500 €0.0600 €0.0800 58
P/B Multiple €0.0500 €0.0600 €0.0800 55
EV/EBIT €2.30 €3.70 €5.11 53
EV/EBITDA €3.67 €5.54 €7.41 54
EV/Revenue €1.28 €2.65 €4.02 43
Asset-Based
NCAV (Graham) €1.05 €1.41 €2.11 50
Economic Profit
Residual Income €1.26 €1.10 €0.6400 61
ROIC Compounder €0.3400 €0.6100 €0.8300 72
Growth Earnings
Growth-Adj P/E €0.1200 €0.1600 €0.2100 68

Widest divergence: Asset-Based (€1.41) versus DCF Models (€0.0200). Highest evidence: ROIC Compounder (72).

Notify me when VRV reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) €608M
Revenue growth (YoY) +25.6%
Net margin -0.4%
Return on equity -0.6%
Free cash flow −€28.8M FY2025
Operating margin 4.6%
More key figures
EPS growth (YoY) -75.7%
Net debt €492M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 27/100

Of which business quality 28 · Market factors (momentum, volatility) 24

Profitability 17
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 0
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.

About the company

Verve Group SE, a digital media company, engages in the provision of ad-software solutions in North America and Europe. It operates in two segments, Demand Side Platforms (DSP) and Supply Side Platforms (SSP).

Full company description

Verve Group SE, a digital media company, engages in the provision of ad-software solutions in North America and Europe. It operates in two segments, Demand Side Platforms (DSP) and Supply Side Platforms (SSP). The DSP segment enables advertisers to create, manage, and optimize data-driven digital advertising campaigns across all relevant ad formats and channels, and devices. This segment also offers advertising services, managing campaigns for advertisers or charges a usage-based fee for the use of the self-serve DSP platform; and products, including ATOM or Moments.AI, and Verve's platform for value-added services which provide targeting solutions to advertisers. The SSP segment helps third-party publishers and its own games studios to monetize their ad inventory/ad spaces while keeping full control over it. This segment also includes its own games studios which provide first-party data and in-game advertising spaces, as well as in game items and subscriptions; and is also involved in buying ad inventory directly from the publisher and selling it to demand side platforms. The company was formerly known as MGI - Media and Games Invest SE and changed its name to Verve Group SE in June 2024. Verve Group SE was founded in 2000 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Verve Group reported revenue of €562M in FY2025 versus €253M in FY2021, a compound +22.1%/yr. Reported net income was €709K in FY2025, compounding −54.2%/yr from FY2021.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€562M
Latest YoY
+29.3%
Avg. 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.
+22.2%
Avg. growth/yr (5Y) 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.
+29.2%
Avg. growth/yr (13Y) 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.
+72.3%
Revenue +22.1%/yr
FY21 €253M
FY22 €308M
FY23 €348M
FY24 €434M
FY25 €562M
Net income −54.2%/yr
FY21 €16.1M
FY22 −€20.3M
FY23 €46.7M
FY24 €28.8M
FY25 €709K

VRV screens 87% overvalued. Compare with SAP SE →

Share or link this analysis
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.

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

Peer Group

Software - Application · 709 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 27 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Return on assets 3% · Above median
Net margin (TTM) -0% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 26% · Top 25%
Debt / equity 1.13× · Higher than 75% of peers

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.77× · Cheaper than 75% of peers
P/S (TTM) 0.54× · Cheaper than 75% of peers
EV/EBITDA 8.1× · Cheaper than median
PEG 0.16× · 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.

VALUE 0 · sector 0
FUTURE 100 · sector 38
PAST 0 · sector 13
HEALTH 44 · sector 98
DIVIDEND 0 · sector 28

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

Compare Verve Group with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

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

Frequently asked questions

Is Verve Group (VRV) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of €0.1800 versus a price of €1.36, about −87% (overvalued).
What is the fair value of VRV?
Our model-based fair value for Verve Group is €0.1800 (as of Jul 12, 2026), built from audited fundamentals. The current price is €1.36.
What is the quality score of VRV?
Verve Group has a Quality Score of 27/100. 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 Verve Group (VRV)?
Verve Group reported trailing-twelve-month revenue of about €610M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of VRV?
The net profit margin of Verve Group is about -0.4%, meaning it is currently running at a net loss. 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.

14 days Pro free · no card

Track Verve Group and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.