ANSYS, Inc.

DB:AKX Stock Report

Market Cap: €28.6b

ANSYS Valuation

Is AKX 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-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 AKX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AKX (€323.7) is trading above our estimate of fair value (€266.8)

Significantly Below Fair Value: AKX is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AKX. This is calculated by dividing AKX's market cap by their current earnings.
What is AKX's PE Ratio?
PE Ratio53.7x
EarningsUS$567.77m
Market CapUS$29.93b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AKX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.1x
NEM Nemetschek
66.9x18.6%€11.4b
SAP SAP
95.2x40.8%€261.4b
TMV TeamViewer
14.9x11.0%€1.8b
AOF ATOSS Software
43.2x7.8%€1.9b
AKX ANSYS
53.7x15.3%€29.9b

Price-To-Earnings vs Peers: AKX is good value based on its Price-To-Earnings Ratio (53.7x) compared to the peer average (55.1x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AKX 53.7xIndustry Avg. 28.2xNo. of Companies17PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AKX is expensive based on its Price-To-Earnings Ratio (53.7x) compared to the European Software industry average (28.8x).

Price to Earnings Ratio vs Fair Ratio

What is AKX'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.

AKX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio53.7x
Fair PE Ratio35.7x

Price-To-Earnings vs Fair Ratio: AKX is expensive based on its Price-To-Earnings Ratio (53.7x) compared to the estimated Fair Price-To-Earnings Ratio (35.7x).

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 AKX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€323.70
€334.17
+3.2%
4.4%€355.13€309.67n/a8
Nov ’25€293.60
€320.44
+9.1%
4.3%€345.30€301.10n/a8
Oct ’25€284.70
€313.01
+9.9%
4.3%€337.05€293.91n/a8
Sep ’25€289.20
€313.01
+8.2%
4.3%€337.05€293.91n/a8
Aug ’25€295.10
€323.21
+9.5%
4.7%€347.51€303.03n/a9
Jul ’25€298.80
€326.86
+9.4%
5.2%€351.45€304.57n/a10
Jun ’25€293.50
€318.63
+8.6%
6.6%€347.19€276.03n/a11
May ’25€306.80
€318.71
+3.9%
7.0%€347.76€276.48n/a12
Apr ’25€320.60
€318.71
-0.6%
7.0%€347.76€276.48n/a12
Mar ’25€309.40
€318.71
+3.0%
7.0%€347.76€276.48n/a12
Feb ’25€301.80
€319.24
+5.8%
8.0%€360.25€275.70n/a13
Jan ’25€326.00
€285.20
-12.5%
11.1%€356.05€236.16n/a16
Dec ’24€268.00
€287.02
+7.1%
10.6%€359.42€238.39n/a17
Nov ’24€266.00
€311.52
+17.1%
10.7%€377.96€247.56€293.6017
Oct ’24€283.00
€311.28
+10.0%
10.4%€375.12€245.70€284.7017
Sep ’24€295.60
€303.74
+2.8%
10.4%€365.56€239.44€289.2017
Aug ’24€304.00
€298.75
-1.7%
10.4%€359.56€235.51€295.1017
Jul ’24€300.20
€297.22
-1.0%
10.0%€357.58€239.00€298.8017
Jun ’24€302.60
€300.92
-0.6%
10.0%€364.01€243.29€293.5016
May ’24€285.20
€284.10
-0.4%
12.7%€357.35€190.52€306.8017
Apr ’24€302.00
€288.32
-4.5%
12.9%€369.85€197.19€320.6017
Mar ’24€282.95
€285.63
+0.9%
13.2%€369.54€197.02€309.4017
Feb ’24€244.00
€240.10
-1.6%
15.5%€361.03€192.49€301.8017
Jan ’24€228.30
€242.03
+6.0%
16.5%€366.91€187.20€326.0017
Dec ’23€242.85
€251.11
+3.4%
17.1%€378.44€193.08€268.0017
Nov ’23€225.50
€284.32
+26.1%
17.1%€396.78€202.44€266.0018

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

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