Nagarro NA9.DE
GermanyTechnology · Information Technology ServicesXetra · EUR
81.00 EUR (+2.2%)
4 analysts
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Nagarro SE is a German technology consultancy offering software engineering, digitalization, and IT solutions to companies across various sectors, with a business model based on project delivery and managed services.
Listed on Xetra · Symbol NA9.DE · ETR: NA9 · Currency EUR
Key points
from its scores- ✓Good share-price trend9.4
- ✓Attractive valuation8.5
- !Modest dividend5.2
- !Risks to watch5.5
Hold or buy on dips, given momentum and reasonable valuation, but monitor revenue evolution.
Nagarro presents an attractive valuation (P/E 19.81, PEG 0.44) and strong momentum (9.44), with earnings growth of 32.8% offsetting stagnant revenue (0.2%). Its financial health is acceptable (ND/EBITDA 2.08) and quality is solid (ROE 30.21%), although operating margin is low (7.02%).
Stagnant revenue growth (0.2%) may indicate a slowdown in demand for IT services, which would limit the sustainability of long-term earnings growth.
Is Nagarro stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 43% below the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.8 | 31.3 | −37% |
| EV / EBITDA | 10.4 | 20.4 | −49% |
| Price / book | 5.6 | 6.9 | −18% |
| Price / sales | 1.0 | 5.4 | −82% |
Sector: median of the 158 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.5 out of 10 (median for Technology: 5.5).
Average analyst target: 81.00 EUR, +2.2% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.0 (sector 7.1), Growth 6.3 (sector 7.5).
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 19.8
- Forward P/E
- 14.4
- EV / EBITDA
- 10.4
- Price / book
- 5.6
- Price / sales
- 1.0
- PEG
- 0.44
- Market cap
- 980.8M EUR
- Enterprise value
- 1.2B EUR
Profitability
- ROE
- 30.2%
- ROA
- 9.0%
- ROIC (approx.)
- 12.7%
- Gross margin
- 21.8%
- Operating margin
- 7.0%
- Net margin
- 5.0%
- Free cash flow
- 79.1M EUR
- FCF yield
- 8.1%
- Cash conversion
- 67%
Solvency
- Total debt
- 377.9M EUR
- Net debt
- 246.6M EUR
- Cash
- 131.3M EUR
- EBITDA
- 118.4M EUR
- Net debt / EBITDA
- 2.08
- Debt / equity
- 215.93
- Current ratio
- 2.40
- Quick ratio
- 2.27
Growth
- Revenue growth
- +0.2%
- Earnings growth
- +32.8%
- EPS (TTM)
- 4.00 EUR
- EPS (forward)
- 5.49 EUR
Dividend
- Dividend yield
- 1.3%
- Payout
- 25.0%
Risk and market
- Beta
- 1.19
- Analyst consensus
- none (4)
- Target price
- 81.00 EUR
- 52-week range
- 32.50 – 80.60
Compare it with its sector
All 158 in Technology →Full AI analysis
context, risks and the news it took into accountContext and risks
No recent news and no material exposure to current macro factors (rates, oil, tariffs) directly affecting Nagarro's results. Its IT services business is low energy-intensive and its moderate debt (ND/EBITDA 2.08) limits the impact of rates.
Recent news
All NA9.DE news →Frequently asked questions about Nagarro
Is Nagarro stock cheap or expensive?
On P/E and EV / EBITDA, it trades 43% below the Technology median on average. Valuation score: 8.5 out of 10 (median for Technology: 5.5). Average analyst target: 81.00 EUR, +2.2% versus the price. This is not investment advice.
What score does Nagarro get on MeridIAn Screener?
It scores 6.8 out of 10, rank 201 of 1,290 (better than 83% of the companies analysed). Its strongest category is Momentum (9.4) and its weakest, Dividend (5.2). Analysis of 06/10/2026.
What is Nagarro's P/E ratio?
Its P/E is 19.8: the share price equals 19.8 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 14.4.
How much is Nagarro worth on the stock market?
Its market capitalisation is 980.8M EUR and its enterprise value, debt included, is 1.2B EUR.
How much debt does Nagarro have?
Its net debt (debt minus cash) is 246.6M EUR. That is 2.08 times its EBITDA; the Technology median is 0.12.
Does Nagarro pay a dividend?
Yes: its dividend yield is 1.26% and it pays out 25% of its earnings.
How has Nagarro stock performed over the last year?
It has risen 54.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 32.50 and 80.60 EUR. Past performance does not guarantee future results.
What do analysts think of Nagarro?
4 analysts cover it; their average recommendation is “none” and their average target is 81.00 EUR (+2.2% versus the price). It is an estimate, not market data.