Nemetschek SE

NEM: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Nemetschek Earnings: Growth Outlook Weakens Despite Build Strength; Trimming Fair Value by 8%

Rob Hales

Nov 6, 2026

Nemetschek's third-quarter organic revenue growth of 12.5% missed the 13.8% Vara consensus. Build continued to deliver, but growth in design and media was below consensus. Shares fell 10% on Nov. 5.

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Nemetschek SE

Nemetschek Earnings: Growth Outlook Weakens Despite Build Strength; Trimming Fair Value by 8%

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