TeamViewer Valuation

Is TMV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TMV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TMV (€11.43) is trading below our estimate of fair value (€39.42)

Significantly Below Fair Value: TMV is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TMV?

Key metric: As TMV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TMV. This is calculated by dividing TMV's market cap by their current earnings.
What is TMV's PE Ratio?
PE Ratio14.7x
Earnings€118.66m
Market Cap€1.75b

Price to Earnings Ratio vs Peers

How does TMV's PE Ratio compare to its peers?

The above table shows the PE ratio for TMV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average93.6x
688088 ArcSoft
146.3x40.7%CN¥14.1b
603039 Weaver Network Technology
46.8x6.3%CN¥11.9b
600718 Neusoft
135.6x58.2%CN¥12.4b
300598 ArcherMind Technology (Nanjing)
45.7xn/aCN¥11.8b
TMV TeamViewer
14.7x11.1%€1.7b

Price-To-Earnings vs Peers: TMV is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (93.6x).


Price to Earnings Ratio vs Industry

How does TMV's PE Ratio compare vs other companies in the European Software Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TMV 14.7xIndustry Avg. 26.9xNo. of Companies20PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TMV is good value based on its Price-To-Earnings Ratio (14.7x) compared to the European Software industry average (27x).


Price to Earnings Ratio vs Fair Ratio

What is TMV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TMV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TMV's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TMV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.43
€15.43
+35.0%
13.6%€19.00€12.00n/a16
Nov ’25€13.30
€15.80
+18.9%
14.5%€19.00€12.00n/a16
Oct ’25€11.63
€15.74
+35.4%
14.2%€19.00€12.00n/a16
Sep ’25€12.48
€15.99
+28.2%
13.1%€19.00€13.00n/a15
Aug ’25€13.13
€15.96
+21.5%
13.3%€19.00€13.00n/a15
Jul ’25€10.71
€15.99
+49.4%
14.5%€21.00€13.00n/a15
Jun ’25€11.58
€16.19
+39.9%
16.1%€21.00€13.00n/a15
May ’25€12.43
€16.99
+36.7%
14.5%€21.00€13.00n/a15
Apr ’25€13.82
€17.19
+24.4%
13.6%€21.00€13.00n/a15
Mar ’25€14.73
€17.20
+16.8%
13.8%€21.00€13.00n/a15
Feb ’25€13.36
€16.71
+25.0%
14.6%€21.00€13.00n/a15
Jan ’25€14.04
€17.08
+21.7%
15.7%€23.00€12.00n/a15
Dec ’24€13.31
€17.08
+28.3%
15.7%€23.00€12.00n/a15
Nov ’24€14.23
€17.21
+21.0%
18.2%€24.50€11.00€13.3014
Oct ’24€16.00
€17.23
+7.7%
17.7%€23.50€11.00€11.6314
Sep ’24€17.08
€17.11
+0.2%
18.3%€23.50€11.00€12.4813
Aug ’24€16.92
€16.40
-3.1%
17.4%€21.00€11.00€13.1313
Jul ’24€14.72
€16.01
+8.8%
17.8%€21.00€11.00€10.7113
Jun ’24€14.80
€16.01
+8.2%
17.8%€21.00€11.00€11.5813
May ’24€16.67
€15.92
-4.5%
18.6%€21.00€11.00€12.4313
Apr ’24€15.64
€14.49
-7.3%
15.0%€19.00€11.00€13.8213
Mar ’24€15.23
€14.71
-3.4%
16.3%€19.00€11.00€14.7314
Feb ’24€12.12
€13.66
+12.7%
20.4%€19.00€9.50€13.3614
Jan ’24€11.99
€13.66
+13.9%
20.6%€19.00€9.00€14.0414
Dec ’23€12.64
€13.50
+6.8%
21.3%€19.00€9.00€13.3114
Nov ’23€9.72
€13.44
+38.3%
26.0%€20.00€9.00€14.2314

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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