NAGA Group Valuation

Is N4G undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of N4G when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate N4G's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate N4G's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for N4G?

Key metric: As N4G is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for N4G. This is calculated by dividing N4G's market cap by their current book value.
What is N4G's PB Ratio?
PB Ratio	n/a
Book	€0
Market Cap	€161.56m

N4G key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does N4G's PB Ratio compare to its peers?

The above table shows the PB ratio for N4G vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	4.3x
FAA Fabasoft	6.1x	3.3%	€188.4m
SJJ Serviceware	2.7x	112.4%	€126.0m
OSP2 USU Software	3.9x	39.7%	€225.8m
BSS Beta Systems Software	4.4x	27.7%	€115.0m
N4G NAGA Group	n/a	n/a	€161.6m

Price-To-Book vs Peers: Insufficient data to calculate N4G's Price-To-Book Ratio vs. peers for valuation analysis.

Price to Book Ratio vs Industry

How does N4G's PB Ratio compare vs other companies in the DE Software Industry?

5 Companies	Price / Book	Estimated Growth	Market Cap

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: Insufficient data to calculate N4G's Price-To-Book Ratio vs. industry for valuation analysis.

Price to Book Ratio vs Fair Ratio

What is N4G's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

N4G PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	n/a
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate N4G's Price-To-Book 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 N4G forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€0.72	€1.43 +100.2%	8.7%	€1.60	€1.30	n/a	3
Nov ’25	€0.82	€1.50 +83.8%	6.7%	€1.60	€1.40	n/a	2
Oct ’25	€0.93	€1.50 +60.9%	6.7%	€1.60	€1.40	n/a	2

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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