TomTom sells navigation software, digital map data, and location APIs, with its maps licensed to automakers, fleet operators, and mobility platforms. The moat is the mapping asset itself: a 90.0% gross margin shows the data is sold repeatedly at close to zero marginal cost, and a 21.2% ROE on a 469M EUR market cap says the balance sheet is earning well on what it has. Revenue fell 5.8%, and a 4.7% operating margin leaves little room for error, so the investment case rests on whether the automotive and telematics contracts stabilise the top line. At 13.3x forward earnings the stock is priced for little improvement, which makes it worth a look only if you can underwrite a return to growth in the core map licensing business.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €4.00 | first publication | €3.78 |
Answered from TomTom N.V. fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| TOM2.AS TomTom N.V. | €3.67 | - | - | 13.6x | 21.2% | 74 | 49 |
| 3697.T SHIFT Inc. | ¥1156.00 | - | - | 40.0x | 17.8% | 56 | 73 |
| WTC.AX WiseTech Global Limited | A$40.12 | - | - | 52.1x | 9.8% | 73 | 59 |
| FIG Figma Inc. Class A Common Stock | $24.64 | $22 | 12% above | - | -108.6% | 47 | 48 |
| HUBS HubSpot Inc. Common Stock | $270.88 | $207 | 31% above | 96.7x | 7.9% | 64 | 67 |
| MANH Manhattan Associates Inc. Common Stock | $238.19 | $100 | 138% above | 67.8x | 96.4% | 89 | 60 |
| GWRE Guidewire Software Inc. Common Stock | $189.00 | $82 | 131% above | 116.0x | 10.5% | 71 | 53 |
Where TOM2.AS ranks against its sector peers on each metric.