Amadeus IT Group (BME:AMS) Could Be 13% Below Fair Value As EPS Rises 7.3%

Event driven move puts Amadeus IT Group in focus

The recent SaaSpocalypse in January put software stocks under pressure, yet Amadeus IT Group (BME:AMS) reported a 7.3% rise in adjusted diluted earnings per share at annualized constant currency levels.

At a share price of €57.6, Amadeus IT Group has seen the 90 day share price return rise 9.63%, while the 1 year total shareholder return is down 14.03%. This suggests that recent momentum has improved even though longer term returns remain weaker.

Scan how Amadeus IT Group compares to other resilient software and travel technology stocks by reviewing our hand picked 616 high quality undiscovered gems in one place.

Amadeus IT Group appears to be a solid travel technology business, and the recent rebound hints that investors are warming back up to the story. The key question now is whether the current €57.6 price already reflects that strength.

Most Popular Narrative: 12.6% Undervalued

At a closing price of €57.6, the most followed narrative on Amadeus IT Group points to a fair value of €65.9, which implies meaningful upside according to that view.

The market continues to underestimate the structural resilience of the company’s business model while overestimating the disruptive threat posed by artificial intelligence across the travel technology ecosystem. The recent wave of AI-related fear has indiscriminately compressed valuation multiples across software, infrastructure and platform businesses. However, this repricing increasingly appears disconnected from operational reality.

Read the complete narrative.

The author, Janpeo, builds this valuation on a blend of revenue growth, margin durability and a specific profit trajectory that underpins the €65.9 fair value. To see which assumptions really move that number and how they frame AI risk around Amadeus IT Group, read on to see how this narrative connects the current price to that higher estimate.

Result: Fair Value of €65.9 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, this upbeat Amadeus IT Group narrative could be knocked off course if AI tools gain direct access to travel inventory, or if travel volumes weaken materially.

Find out about the key risks to this Amadeus IT Group narrative.

Another Take On Amadeus IT Group’s Valuation

While the most popular Amadeus IT Group narrative points to a fair value of €65.9, the market is currently pricing the stock at a P/E of 18.5x. That is higher than its fair ratio of 17.4x, the European Hospitality average of 18.4x and the peer average of 15.3x. This suggests there may be less room for error if growth or margins disappoint. So how comfortable are you paying a premium multiple for a stock that some investors still view as undervalued?

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

BME:AMS P/E Ratio as at Sep 2026Next Steps

If this Amadeus IT Group story feels mixed, with both risks and rewards in play, take a closer look now and shape your own view with the 2 key rewards and 2 important warning signs.

Looking for more investment ideas beyond Amadeus IT Group?

Do not stop with Amadeus IT Group. Use the Simply Wall Street Screener to broaden your watchlist and uncover other opportunities that fit your style.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com