3 models fit Qualys Inc. Common Stock and they disagree: 1 of 3 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Bronze57
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionQualys Inc. Common Stock (QLYS)
Fair value (3 models)
$146
ACCE price target
$212
Rating
Overvalued
Horizon
12 months
Fair value published on 24 Oct 2026, 16:06 CEST; previously $175 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 24 Oct 2026, 03:20 CEST; previously $182 since 27 Sept 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 16:06 CEST.
Price used: $217 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
48.4% above
-32.6% to fair value
ACCE score
78
out of 100
Analysts
18% buy
22 covering
P/E
36.1x
forward 21.9x
1-year return
+69.4%
Dividend yield
0.00%
Qualys Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Qualys sells cloud-delivered security and compliance tools, chiefly VMDR (vulnerability management, detection and response), which scans customers' networks and endpoints, flags exposures and tracks remediation from a single console. Its edge is a large installed base of enterprise and public-sector customers on a subscription model that sustains an 83.4% gross margin and a 34.0% operating margin, paired with a 38.6% return on equity. Near-term growth is driven by upselling additional modules and the shift from periodic scanning toward continuous risk management, which is what the 11.0% revenue growth rate reflects. At a 34.3x trailing P/E that falls to 23.4x forward, the market is pricing in earnings expansion rather than a premium on current profits. The stock is a $7.0B company with no index membership, a combination worth a closer look for a concentrated book, though the 11% growth rate is the figure to test against competitors before forming a view.