Qualys, Inc.

DB:3L7A Stock Report

Market Cap: €4.0b

Qualys Valuation

Is 3L7A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 3L7A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€154.8
Fair Value
28.6% undervalued intrinsic discount
18
Number of Analysts

Below Fair Value: 3L7A (€110.5) is trading below our estimate of fair value (€154.8)

Significantly Below Fair Value: 3L7A is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3L7A?

Key metric: As 3L7A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3L7A. This is calculated by dividing 3L7A's market cap by their current earnings.
What is 3L7A's PE Ratio?
PE Ratio25.2x
EarningsUS$185.00m
Market CapUS$4.66b

Price to Earnings Ratio vs Peers

How does 3L7A's PE Ratio compare to its peers?

The above table shows the PE ratio for 3L7A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32x
IXX init innovation in traffic systems
35.2x31.17%€510.5m
IVU IVU Traffic Technologies
28x11.66%€345.4m
EXL Exasol
43.3x28.25%€80.8m
IOS IONOS Group
21.6x15.10%€4.6b
3L7A Qualys
25.2x2.65%€4.7b

Price-To-Earnings vs Peers: 3L7A is good value based on its Price-To-Earnings Ratio (25.2x) compared to the peer average (32x).

Price to Earnings Ratio vs Industry

How does 3L7A's PE Ratio compare vs other companies in the European Software Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3L7A 25.2xIndustry Avg. 28.7xNo. of Companies19PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3L7A is good value based on its Price-To-Earnings Ratio (25.2x) compared to the European Software industry average (28.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3L7A'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.

3L7A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.2x
Fair PE Ratio22.7x

Price-To-Earnings vs Fair Ratio: 3L7A is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.7x).

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 3L7A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€110.50
€119.53
+8.18%
11.30%€135.98€82.44n/a18
Oct ’26€111.70
€119.53
+7.01%
11.30%€135.98€82.44n/a18
Sep ’26€115.45
€120.87
+4.70%
11.36%€137.14€83.14n/a18
Aug ’26€112.35
€119.66
+6.51%
11.79%€140.13€78.82n/a18
Jul ’26€122.10
€120.09
-1.65%
11.34%€141.17€79.41n/a19
Jun ’26€121.80
€120.09
-1.40%
11.34%€141.17€79.41n/a19
May ’26€110.30
€120.77
+9.49%
13.01%€153.79€79.09n/a19
Apr ’26€118.90
€131.10
+10.26%
10.27%€161.75€106.29n/a19
Mar ’26€126.00
€136.81
+8.58%
10.07%€167.21€109.88n/a19
Feb ’26€134.40
€143.37
+6.68%
10.06%€168.07€110.45n/a19
Jan ’26€132.45
€144.03
+8.74%
10.15%€168.25€110.56n/a19
Dec ’25€144.25
€138.76
-3.81%
10.46%€163.28€107.30n/a19
Nov ’25€110.45
€126.52
+14.55%
10.42%€148.34€100.13n/a20
Oct ’25€114.30
€127.65
+11.68%
10.23%€146.48€98.87€111.7019
Sep ’25€112.95
€127.65
+13.02%
10.23%€146.48€98.87€115.4519
Aug ’25€127.60
€147.63
+15.70%
15.80%€201.81€104.57€112.3518
Jul ’25€132.05
€152.37
+15.39%
15.91%€205.99€106.74€122.1019
Jun ’25€128.85
€152.38
+18.26%
16.03%€204.75€106.10€121.8018
May ’25€153.70
€156.38
+1.75%
15.58%€205.08€106.27€110.3019
Apr ’25€153.70
€154.67
+0.63%
16.02%€203.13€105.26€118.9018
Mar ’25€154.20
€154.46
+0.17%
16.49%€203.02€105.20€126.0017
Feb ’25€174.20
€157.13
-9.80%
19.23%€212.87€105.51€134.4018
Jan ’25€178.00
€143.24
-19.53%
20.65%€208.84€103.51€132.4518
Dec ’24€172.35
€139.06
-19.32%
13.50%€177.21€106.33€144.2518
Nov ’24€142.50
€131.03
-8.05%
14.13%€165.59€98.40€110.4518
Oct ’24€143.80
€126.82
-11.81%
12.90%€161.93€96.23€114.3017
€120.26
Fair Value
8.1% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/09 14:54
End of Day Share Price 2025/10/08 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Qualys, Inc. is covered by 52 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jamie SheltonArete Research Services LLP
Shrenik KothariBaird
Daniel WangBerenberg