Stock · NA9.DE · Technology

Nagarro SE

Germany · Small Cap · Revenue 12 mo. €1B

Price as of 11/06/2026

StockScorer score
5.5
of 10 6 of 11 points Medium Match To the score
Price
€77.50
1 Y +65.4%
Market cap
€946.8M
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue +5.3% a year (3 years)EBIT margin 10.0%Payout 77.9% of operating cash flow

Nagarro SE, together with its subsidiaries, provides digital product engineering and technology solutions in Germany, the United States, Europe, and internationally.

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Nagarro SE, together with its subsidiaries, provides digital product engineering and technology solutions in Germany, the United States, Europe, and internationally. The company provides accelerated quality and test engineering; API and integration; application managed services; artificial intelligence, data and analytics; cloud, CRM, DevOps; customer data platforms; cybersecurity; digital experiences, insights, and supply chain; ECM and portals; eco digital engineering; enterprise agile; enterprise architecture consulting; finops; intelligent process automation; innovation; low code; mobility solutions; products, resilience, and site reliability engineering; technical communications; product studio; quantum computing; and training services. It offers atlassian, blockchain, business and transformation consulting, digital commerce solutions, embedded systems, ginger ai, internet of things, mainframe and legacy, process consulting, salesforce, sap, service now, security, and transformation and modernization, as well as zendesk services. In addition, the company offers AR/VR/3D and animation; customer communications; and design studio services. It serves customers in automotive, banking and financial services, energy and utilities, gaming and entertainment, sports AI, industry and automation, insurance, software and hi-tech, life sciences and healthcare, media and publishing, non-profits and education, private equity, public sector, retail and CPG, telecom, smart buildings, and travel and logistics industries. The company was founded in 1996 and is based in Munich, Germany. As of October 6, 2026, Nagarro SE operates as a subsidiary of Persistent Systems Limited.

Original text from the data provider

Summary

Nagarro SE is around the middle of the Technology sector overall

52.2 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The market value is below the value without growth: the price requires no FCF growth.

Required FCF growth per year

no growth

no growth afterwards

1 sign supports the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 0.8% of revenue (9 years)

What speaks against it

with respect to the priced-in expectation

  • High leverage debt to equity 2.47

Since the last quarter

Q1 → Q2 2026

A mixed quarter: 2 figures better, 2 worse.

  • FCF, 12 mo.€61.8M → €95.4M+54.4%better
  • Gross margin27.0% → 23.1%−3.8 ppworse
  • EBIT margin10.7% → 8.5%−2.2 ppworse
  • FCF margin6.2% → 9.5%+3.4 ppbetter

4 more unchanged: Revenue, 12 mo., Net debt, Shares outstanding, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability41.2around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity25.47%14.60%Rank 72
Return on capital (Greenblatt)40.74%29.77%Rank 57
EBIT margin10.05%17.40%Rank 32
FCF margin9.51%18.54%Rank 28
Gross margin27.34%48.47%Rank 17
Growth22.6below the middleGrows more slowly than the sector: Earnings growth, 3 years per year −17.99%, sector 9.54%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year2.81%12.70%Rank 13
Earnings growth, 3 years per year−17.99%9.54%Rank 10
Earnings growth, 5 years per year14.04%14.07%Rank 50
Sustainable growth (ROE × retained earnings)0.78%2.87%Rank 18
Valuation84.9above the middleValued lower than the sector: FCF yield 10.04%, sector 3.06%.
MetricStockSector medianPosition in sector
Earnings yield3.98%2.64%Rank 68
FCF yield10.04%3.06%Rank 94
EV/saleslower is better1.205.18Rank 91
EV/EBITlower is better11.9326.24Rank 88
Momentum87.4above the middleShare price doing better than the sector: Share price, 6 months 83.18%, sector −4.46%.
MetricStockSector medianPosition in sector
Share price, 1 year65.42%−0.59%Rank 92
Share price, 6 months83.18%−4.46%Rank 100
Share price, 3 months4.11%−5.84%Rank 65
Distance from 52-week high−3.43%−33.23%Rank 93
Quality69.9above the middleQuality above the sector: Change in share count −3.87%, sector −0.17%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−5.36%1.65%Rank 84
Change in share countlower is better−3.87%−0.17%Rank 92
Dividend streak in years18Rank 39
Price reaction to results, market-adjusted0.56%−1.57%Rank 64
Balance sheet & risk7.5below the middleMore risk than the sector: Volatility, 1 year 102.02%, sector 50.37%.
MetricStockSector medianPosition in sector
Equity ratio20.87%53.98%Rank 12
Net debt/EBITDAlower is better2.08−0.20Rank 14
Debt to equitylower is better2.470.33Rank 4
Volatility, 1 yearlower is better102.02%50.37%Rank 1

Ten years in figures

Revenue from €210.6M (2017) to €999.3M (2025), 21.5% a year.

Fiscal years, amounts in EUR
YearRevenue, €MEBIT marginFCF, €MSharesNet debt, €M
2017210.62.9%2.911.3M70.9
2018287.36.4%5.811.3M88.8
2019402.411.1%37.811.3M140.9
2020430.413.4%65.911.5M130.0
2021546.08.8%41.312.0M166.0
2022856.314.1%78.213.8M162.2
2023912.119.5%58.213.5M213.3
2024972.09.7%79.113.3M191.5
2025999.310.1%95.012.8M257.5
5.5 / 10Medium MatchStockScorer score6 of 11 points

4 of 7 StockScorer Score rules met · How the score is built

Nagarro SE mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Nagarro SE's score is built

Nagarro SE is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

4 of 7 rules met

6 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Nagarro SE stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Altman Z-Score: Stress Test
  • Dividend Quality: 4 Factors
  • Earnings Quality: Accrual Check (Sloan)
  • Magic Formula: Value + Quality
  • Moat Quality
  • Undervalued Stocks: Multi-Factor Check
  • Levermann Strategy (13 Criteria)
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • High-Growth / Rule of 40
  • PEG Strategy (inspired by Peter Lynch)

Nagarro SE key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Nagarro SE.

MetricStockSector
P/E ratio25.135.1
P/B ratio6.45.5
Return on equity (ROE)25.5%14.6%
Equity ratio20.9%54.0%
Debt-to-equity (D/E)2.470.33
Dividend yield1.3%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
NA9.DENagarro SEthis page
GFT.DEGFT Technologies SELow4.5
COK.DECancom SELow1.8
IXX.DEinit innovation in traffic systems SELow3.6
IOS.DEIONOS GROUP Nlocked
BC8.DEBechtle AGlocked

Frequently asked questions about Nagarro SE stock

How does Nagarro SE stock (NA9.DE) score in the StockScorer model?
Nagarro SE stock reaches a StockScorer score of 5.5 out of 10, which is a medium match with the rule-based strategies. 4 out of 7 flagship profile rules are met.
What is Nagarro SE's P/E ratio?
Nagarro SE's P/E ratio is 25.1. The Technology sector median is 35.1.
What sector is Nagarro SE in?
Nagarro SE is assigned to the Technology sector. Its rank within the sector is 52.2 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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