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    Scout24 (XTRA:G24) Draws A Valuation Look On AI Push At Capital Markets Day

    Simply Wall St·10/16/2026 11:40:32
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    AI push at Capital Markets Day puts Scout24 in focus

    Scout24 (XTRA:G24) moved into the spotlight after its 2026 Capital Markets Day, where management highlighted expanded AI tools and higher long term EBITDA margin ambitions, alongside reported revenue and net margin gains.

    The recent 7.45% 1 day share price return to €79.3, following an 11.3% move over 7 days and a 9.61% gain over 90 days, points to building momentum in Scout24, even as the 1 year total shareholder return is down 21.19% and the 5 year total shareholder return remains up 37.40%.

    Scan beyond Scout24 and see how other platforms with recurring revenue models are priced by checking out 615 high quality undiscovered gems in the same session.

    After a sharp bounce in Scout24 to €79.3, with revenue and net income both higher and AI spend stepping up, investors may ask whether the current valuation still leaves enough potential upside for new buyers or whether most of the payoff has already been claimed.

    Most Popular Narrative: 25% Undervalued

    The most followed narrative puts Scout24’s fair value at €105.75, which sits well above the current €79.3 share price and presents the recent move as only part of the story.

    The shift from a classifieds model to an interconnected, subscription based real estate operating system is gathering pace as ImmoPoints reaches more than 9,000 customers with around €3.2 million of monthly recurring revenue and the AI powered Agentic OS is introduced. These developments can support higher subscription revenue and more stable earnings over time.

    See why 2 investors see Scout24 as 25% undervalued.

    Result: Fair Value of €105.75 (UNDERVALUED)

    Still, softer rental demand in Germany, lower web traffic and the early margin dilution from Spain could all make the Scout24 AI subscription story more difficult to deliver.

    Find out about the key risks to this Scout24 narrative.

    Another View: Scout24 Through The P/E Lens

    On earnings multiples, Scout24 looks less generous. The stock trades on a P/E of 19.4x, above both its fair ratio of 18.5x and the global Interactive Media and Services average of 17.4x, while still below a 25x peer group. That mix suggests some valuation risk if expectations slip, but also a relative discount compared with closer competitors. Which comparison is more relevant for you at the moment?

    See what the numbers say about this price — find out in our valuation breakdown.

    XTRA:G24 P/E Ratio as at Oct 2026
    XTRA:G24 P/E Ratio as at Oct 2026

    Next Steps

    Mixed messages on Scout24 so far. If you think the real story sits somewhere between risk and reward, stress test that view against the 5 key rewards and 1 important warning sign.

    Looking for more Scout24 style investment ideas?

    If you like the Scout24 setup but want a wider watchlist, use the screener to surface fresh opportunities before they move and leave you behind.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.