<div id="readability-page-1"><div><p>Iveco Group (BIT:IVG) is back in focus after reaffirming and expanding its partnership with Microvast, a move centered on electric battery systems that support Iveco electric bus and heavy truck platforms across Europe.</p> <p>See our latest analysis for Iveco Group.</p> <p>The reaffirmed Microvast partnership and the recent launch of the Beyond Lab open innovation platform come as Iveco Group’s €19.155 share price sits on a 1-year total shareholder return of 19.41% and a 3-year total shareholder return of about 7x, suggesting momentum has been building rather than fading.</p> <p>If this kind of electrification story has your attention, it could be a good moment to look across the wider market using our screener for 26 power grid technology and infrastructure stocks</p> <p>With Iveco Group shares up 19.41% over the past year and trading around €19.16, close to a €19.99 analyst target and an intrinsic value that points to a 13.86% premium, is there still a buying opportunity here, or is the market already pricing in future growth?</p> <h2>Most Popular Narrative: 3.5% Undervalued</h2> <p>The most followed narrative puts Iveco Group’s fair value at €19.85, only slightly above the current €19.16 share price, framing it as modestly undervalued with limited upside implied by the model.</p> <blockquote> <p><em>The ongoing acceleration of zero-emission transport is expected to intensify, and there are concrete risks that Iveco's current technological capabilities will lag behind the rapid adoption of electric and hydrogen fleets. Failure to keep pace with regulatory requirements and customer expectations may lead to a structural decline in demand for Iveco's diesel offerings, potentially eroding market share and causing a long-term contraction in revenues.</em></p> </blockquote> <p>Read the complete narrative.</p> <p>Want to see what justifies a fair value so close to today’s price? The narrative leans on richer margins, faster top line growth and a very different profit multiple in a few years. Curious which combination of revenue, earnings and discount rate assumptions pulls everything together into €19.85?</p> <p><strong>Result: Fair Value of €19.85 (ABOUT RIGHT)</strong></p> <p>Have a read of the narrative in full and understand what's behind the forecasts.</p> <p>However, stronger order intake across trucks and buses, or faster execution on partnerships such as Stellantis and Ford Otosan, could quickly challenge this cautious fair value story.</p> <p>Find out about the key risks to this Iveco Group narrative.</p> <h2>Another View: Multiples Paint a Richer Picture</h2> <p>While the €19.85 fair value suggests Iveco Group is only modestly mispriced, the current P/E of 21.8x sits above the European Machinery average of 19.3x and below a fair ratio of 45.1x, which points to both valuation risk and potential rerating. Which side of that gap feels more realistic to you?</p> <p>See what the numbers say about this price — find out in our valuation breakdown.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/7d0053e5-b216-4f98-9963-0d78507a3965/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTAzLTIy?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/7d0053e5-b216-4f98-9963-0d78507a3965/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTAzLTIy"/><figcaption>BIT:IVG P/E Ratio as at Mar 2026</figcaption></figure><h2>Next Steps</h2> <p>If this mix of momentum and valuation tension has you thinking hard about Iveco Group, it makes sense to check the full picture of both risks and potential upsides for yourself, starting with 1 key reward and 2 important warning signs</p> <h2>Ready to hunt for more investment ideas?</h2> <p>If Iveco Group has sharpened your focus, do not stop here, use the tools available to scan the market and keep fresh ideas coming to your watchlist.</p> <ul> <li>Target resilient cash generators by checking companies in the 228 high quality undervalued stocks that pair quality fundamentals with prices that may not fully reflect them.</li> <li>Strengthen your income stream by reviewing the 475 dividend fortresses and spotting candidates offering higher yields with supporting fundamentals.</li> <li>Prioritise capital preservation by scanning the 284 resilient stocks with low risk scores for businesses that score well on stability and downside resilience.</li> </ul> <p><em> This article by Simply Wall St is general in nature. <strong>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.</strong> 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.</em></p><div><h3><strong>New: </strong>AI Stock Screener &amp; Alerts</h3><p>Our new AI Stock Screener scans the market every day to uncover opportunities.</p><div><p>• Dividend Powerhouses (3%+ Yield)<br/>• Undervalued Small Caps with Insider Buying<br/>• High growth Tech and AI Companies</p><p>Or build your own from over 50 metrics.</p></div><p>Explore Now for Free</p></div></div></div>

MVST

ACES

MVSTW

CTEC

<p>Iveco Group (BIT:IVG) has reaffirmed and expanded its partnership with Microvast, focusing on electric battery systems for its electric bus and heavy truck platforms in Europe. The company's share price is currently €19.16, with a 1-year total shareholder return of 19.41%. Analysts suggest a fair value of €19.85, indicating it is modestly undervalued. However, risks include potential lagging in technology and regulatory compliance, which could impact demand for diesel offerings. The current P/E ratio of 21.8x suggests valuation risk, while stronger order intake could challenge the cautious outlook.</p>

Simplywall

Microvast

ALPS Clean Energy ETF

Microvast Holdings - CW26

Global X CleanTech ETF

Iveco Group (BIT:IVG) Valuation Check As Microvast Battery Partnership Is Reaffirmed And Expanded