Aalberts Industries NV (AALB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Aalberts Industries NV stock €34.74, price €40.18, that is 13.5% below the price, quality 59 out of 100. Rating: overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range €24.02 – €49.30 · fair‑value band €21.03 – €45.17 · the €40.18 price screens above the €34.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Aalberts N.V., together with its subsidiaries, offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa. The company operates through Building, Industry, and Semicon segments.
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It offers hydronic flow control systems for heating and cooling to enhance energy efficiency; integrated piping systems to distribute and control liquids and gas; advanced mechatronics specializing in vibration isolation, ultra precision frames, and high purity fluid systems; and surface technologies for surface treatments, heat treatments, polymer coatings, brazing, additive manufacturing, and post processing.
It sells its products under the BROEN, Henco, ISIFLO, MIFA, and Metalis brands. The company was formerly known as Aalberts Industries N.V. and changed its name to Aalberts N.V. in April 2019. Aalberts N.V. was founded in 1975 and is headquartered in Utrecht, the Netherlands.
Stock analysis
Aalberts Industries NV (AALB) currently trades at €40.18, while our model-based Fair Value estimate is €34.74, 14% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €30.39 per share, and 2 of the 25 models we run sit above the €40.18 price.
Bear case: the Asset-Based group reads lowest at €5.36, and 23 of the 25 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €21.03 (bear) to €45.17 (bull), the price of €40.18 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Aalberts Industries NV reported revenue of €3.1B in FY2025 versus €3.0B in FY2021, a compound +0.9%/yr. Reported net income was €149M in FY2025, compounding −19.8%/yr from FY2021.
Key figures
Market cap €4.3B Mid · P/E ratio 28.9 · P/S ratio 1.40 · EPS (TTM) €1.39 · Dividend yield 2.9% · Net margin 4.9% · Return on equity 6.2% · Return on assets (EBIT) 8.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 11% below its 52-week high and 60% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −14%, AALB screens cheaper than that median.
Fair Value models
Bear€21.03Fair Value €34.74Bull€45.17
Price €40.18 · Downside -13.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.2052 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF€13.26€20.54€30.0580
Growth DCF€13.63€20.27€28.5378
Owner Earnings€16.78€25.44€36.7376
All 25 models by family
DCF Models
FCF DCF€13.26€20.54€30.0580
Owner Earnings€16.78€25.44€36.7376
5Y Revenue Exit€14.62€25.26€38.3971
5Y EBITDA Exit€25.62€44.91€66.6274
5Y P/E Exit€13.65€23.52€33.3670
10Y Revenue Exit€13.30€22.35€33.6066
10Y EBITDA Exit€20.40€34.94€53.1367
10Y P/E Exit€13.31€21.24€30.1263
Earnings-Based
Graham-Dodd€9.56€23.15€29.9265
PEG = 1.0€4.10€5.86€7.6257
EPV€10.50€12.84€14.8274
Dividend Discount
Gordon GGM€9.62€16.06€23.1467
DDM Multi-Stage€9.62€13.86€18.0967
Multiples
P/E Multiple€22.15€29.53€36.9163
P/S Multiple€17.93€23.90€29.8858
P/B Multiple€27.00€36.00€45.0055
EV/EBIT€20.80€31.25€41.7065
EV/EBITDA€34.19€49.11€64.0367
EV/Revenue€11.82€21.41€31.0052
Asset-Based
NCAV (Graham)€4.00€5.36€8.0054
Growth DCF
Growth DCF€13.63€20.27€28.5378
Rev-Margin DCF€14.62€25.44€37.1172
Economic Profit
Residual Income€17.66€18.24€19.4876
ROIC Compounder€10.50€12.84€14.8272
Growth Earnings
Growth-Adj P/E€16.91€24.15€31.4067
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
Start year 2020 (pandemic). Over 10 years: +2.2% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+1.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)2.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−7.7% vs −0.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +16.0% a year for the price and +1.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Aalberts benefits from mission-critical components across building, industry and semiconductor segments yet shows only limited evidence of a durable moat together with modest returns on equity and assets.
Main risk: Higher net debt together with ongoing divestments that reshape the industry segment risks reducing scale and hitting revenue stability as well as cash-flow flexibility across the remaining businesses.
Aalberts operates across building, industry and semiconductor segments with mission-critical components in each. First-half results showed 5% organic revenue growth and margin expansion driven by semiconductor recovery plus the GVT acquisition, even as divestments reshape the industry side. Our models see the shares as overvalued. Will semiconductor momentum outweigh the portfolio shifts and higher net debt?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 814 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−13.5% · Above median
Profitability
Return on equity (12 months)6.2% · Below median
Return on assets3.5% · Below median
Net margin (12 months)4.9% · Below median
Operating margin (12 months)12.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.2% · Below median
Dividend yield (12 months)2.9% · Top 25%
Balance sheet
Debt / equity0.29× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)28.9× · Pricier than median
P/B1.79× · Cheaper than median
P/S (12 months)1.40× · Cheaper than median
Price / free cash flow (fiscal year)25.3× · Pricier than median
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Is Aalberts Industries NV (AALB) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €34.74 versus a price of €40.18, about 14% lower (overvalued).
What is the fair value of AALB?
Our model-based fair value for Aalberts Industries NV is €34.74 (as of Nov 6, 2026), built from audited fundamentals. The current price: €40.18.
What is the quality score of AALB?
Aalberts Industries NV has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Aalberts Industries NV (AALB)?
Our model-based price target is the fair value of €34.74 (as of Nov 6, 2026) from 25 valuation models. Cautious scenario €21.03, optimistic scenario €45.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Aalberts Industries NV stock forecast for 2026?
Our models put fair value at €34.74, about 14% lower versus a price of €40.18 (overvalued). Cautious scenario €21.03, optimistic scenario €45.17. The calculation is refreshed regularly with new filings.
What is the revenue of Aalberts Industries NV (AALB)?
Aalberts Industries NV reported trailing-twelve-month revenue of about €3.1B (latest available figure, as of Nov 6, 2026).
Does Aalberts Industries NV pay a dividend?
Aalberts Industries NV currently shows a dividend yield of 2.86% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Aalberts Industries NV (AALB) and when is the ex-dividend date?
Aalberts Industries NV pays a dividend of €1.15 per share a year, a dividend yield of 2.9%. The last ex-dividend date was Apr 13, 2026. A dividend has been paid every year since at least 1991. The payout ratio is 82.7% of earnings. Free cash flow covers the dividend 1.40 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Aalberts Industries NV (AALB)?
For today's price to be fair in a discounted-cash-flow model, Aalberts Industries NV would have to grow free cash flow by +18.5 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of AALB use?
Our models discount Aalberts Industries NV at 10.2 %: a base by market capitalisation (mid), damped by beta 1.31, country premium for Netherlands. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Aalberts Industries NV that is +18.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Aalberts Industries NV (AALB) delivered so far?
Over the past 5 years revenue at Aalberts Industries NV grew +3.4 % a year. The price currently implies free-cash-flow growth of +18.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Aalberts Industries NV (AALB) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Aalberts Industries NV (+18.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Aalberts Industries NV (AALB)?
The free-cash-flow yield on the price is 3.95 %: that much free cash flow Aalberts Industries NV produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Aalberts Industries NV (AALB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aalberts Industries NV it is €34.74 per share (as of Nov 6, 2026), against a price of €40.18. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Aalberts Industries NV stock overvalued or undervalued in 2026?
As of Nov 6, 2026, AALB trades above its calculated fair value: price €40.18, fair value €34.74, a gap of about −14% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AALB?
No. The price is what the market pays today (€40.18); the fair value is what the company's own numbers justify (€34.74). For Aalberts Industries NV the two are €5.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aalberts Industries NV worth?
The market values Aalberts Industries NV at about €4.3B (market capitalisation, as of Nov 6, 2026). Per share that is €40.18; our models calculate a fair value of €34.74 per share.
What do the bullish and bearish scenarios say about AALB?
Our models span a range for Aalberts Industries NV: cautious scenario €21.03, base €34.74, optimistic €45.17 per share (as of Nov 6, 2026, price €40.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AALB?
Aalberts Industries NV trades at a price-to-earnings ratio of 28.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €34.74 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 19.2. Other multiples: PEG 1.3, P/B 1.8, P/S 1.4, EV/EBITDA 9.6.
What is the PEG ratio of AALB?
The PEG ratio of Aalberts Industries NV is 1.32 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Aalberts Industries NV (AALB)?
Balance-sheet figures for Aalberts Industries NV (as of Nov 6, 2026): return on equity 6.2%, debt of 0.29 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is AALB from its 52-week high?
Aalberts Industries NV trades at €40.18, about 11% below its 52-week high of €45.08 and 60% above the low of €25.11 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €34.74 is for.
Which stocks are comparable to Aalberts Industries NV?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Aalberts Industries NV stock attractive at the current price?
The data as of Nov 6, 2026: price €40.18, calculated fair value €34.74 (−14%), Quality Score 59/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AALB calculated?
We run Aalberts Industries NV through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €34.74 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Aalberts Industries NV itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Aalberts Industries NV (AALB)?
The closing price on Nov 6, 2026 was €40.18. Our model-based fair value is €34.74, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aalberts Industries NV right now?
Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€21.03 to €45.17) leaves room in how you read the outcome.
Where does the earnings growth of Aalberts Industries NV (AALB) come from?
Earnings per share at Aalberts Industries NV grew +3.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.2 %, EBIT margin +0.2 %, tax rate −0.1 %, residual (interest, one-offs) −0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Aalberts Industries NV
How large is the market capitalisation of Aalberts Industries NV (AALB)?
The market capitalisation of Aalberts Industries NV is €4.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Aalberts Industries NV (AALB)?
The price-to-sales ratio of Aalberts Industries NV is 1.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Aalberts Industries NV (AALB)?
Earnings per share at Aalberts Industries NV are €1.39 (price ÷ EPS = P/E 28.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Aalberts Industries NV (AALB)?
The dividend yield of Aalberts Industries NV is 2.9% (payout 82.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Aalberts Industries NV (AALB)?
The net margin of Aalberts Industries NV is 4.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Aalberts Industries NV (AALB)?
The return on equity (ROE) of Aalberts Industries NV is 6.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Aalberts Industries NV (AALB)?
On an EBIT basis the return on assets of Aalberts Industries NV is 8.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Aalberts Industries NV (AALB)?
The operating margin of Aalberts Industries NV is 12.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aalberts Industries NV (AALB)?
Revenue at Aalberts Industries NV is growing +0.2% versus a year earlier (3y avg −1.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Aalberts Industries NV (AALB)?
Earnings per share at Aalberts Industries NV are growing +2.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Aalberts Industries NV (AALB) carry?
The net debt of Aalberts Industries NV is €1.1B (fiscal year 2025, ≈ 6.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 6, 2026