Altus Group Limited (AIF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Altus Group Limited stock C$41.63, price C$51.80, that is 19.6% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 10 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 C$36.57 – C$67.80 · fair‑value band C$30.43 – C$55.56 · the C$51.80 price screens above the C$41.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Altus Group Limited provides commercial real estate (CRE) intelligence in Canada, the United States, the United Kingdom, France, rest of EMEA, Australia, and rest of the Asia Pacific. It operates through Analytics; and Appraisals and Development Advisory segments.
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The Analytics segment portfolio includes software, VMS, data, and services.
The Appraisals and Development Advisory comprise services in the areas of commercial property valuation appraisals and commercial development advisory; and offers services in the areas of construction feasibility studies, budgeting, cost and loan monitoring, and construction project management.
It also provides ARGUS Intelligence, a software product for cash flow and valuation modeling, performance monitoring, analysis, and management; Forbury for valuation use cases; Fairways Debt for CRE treasury and investment management; ARGUS Taliance for fund management; and ARGUS Developer and ARGUS EstateMaster for development management and modeling.
In addition, the company offers VMS, a software-enabled, third-party service for recurring appraisals on CRE investment portfolios; Altus Data Studio and Reonomy for market data and analytics tools to support acquisition, investment, and development decisions; implementation, training, and education for its software products; and strategic advisory on end-to-end CRE technology and operations.
Altus Group Limited was incorporated in 2005 and is headquartered in Toronto, Canada.
Stock analysis
Altus Group Limited (AIF) currently trades at C$51.80, while our model-based Fair Value estimate is C$41.63, 20% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of C$41.63 per share, and 0 of the 10 models we run sit above the C$51.80 price.
Bear case: the Multiples group reads lowest at C$22.46, and 10 of the 10 models stay below the price. Data coverage for this calculation is medium.
Scenario range: C$30.43 (bear) to C$55.56 (bull), the price of C$51.80 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 63/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Altus Group Limited reported revenue of C$503M in FY2025 versus C$625M in FY2021, a compound −5.3%/yr. Reported net income was −C$15.9M in FY2025.
Key figures
Market cap C$1.9B (≈ $1.3B) Small · P/S ratio 3.46 · EPS (TTM) C$−0.3100 · Dividend yield 1.2% · Net margin −3.2% · Return on equity −1.7% · Return on assets (EBIT) 5.6% (5-year average) · Operating margin 14.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −20%, AIF screens richer than that median.
Fair Value models
BearC$30.43Fair Value C$41.63BullC$55.56
Price C$51.80 · Downside -19.6%
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.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.
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.15/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.2%
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.
−11.9%
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.
−2.2%
Start year 2020 (pandemic). Over 10 years: +1.9% a year
Revenue growth 27 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.
+7.5%
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Profit margin (trend) ⓘ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.
11.6% (2018) → 5.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+13.6%
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.
+4.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +11.2% a year for the price and +2.1% for the forecasts.
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.Real Estate Services · 472 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−19.6% · Below median
Profitability
Return on assets−1.3% · Bottom 25%
Net margin (12 months)−4.6% · Bottom 25%
Operating margin (12 months)14.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)6.6% · Above median
Dividend yield (12 months)1.2% · Bottom 25%
Balance sheet
Debt / equity0.34× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/B4.11× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Altus Group Limited Fair Value". https://www.fairvalue-calculator.com/stock/AIF
Frequently asked questions
Is Altus Group Limited (AIF) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of C$41.63 versus a price of C$51.80, about 20% lower (overvalued).
What is the fair value of AIF?
Our model-based fair value for Altus Group Limited is C$41.63 (as of Nov 6, 2026), built from audited fundamentals. The current price: C$51.80.
What is the quality score of AIF?
Altus Group Limited has a Quality Score of 63/100. 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 Altus Group Limited (AIF)?
Our model-based price target is the fair value of C$41.63 (as of Nov 6, 2026) from 10 valuation models. Cautious scenario C$30.43, optimistic scenario C$55.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Altus Group Limited stock forecast for 2026?
Our models put fair value at C$41.63, about 20% lower versus a price of C$51.80 (overvalued). Cautious scenario C$30.43, optimistic scenario C$55.56. The calculation is refreshed regularly with new filings.
What is the revenue of Altus Group Limited (AIF)?
Altus Group Limited reported trailing-twelve-month revenue of about C$514M (latest available figure, as of Nov 6, 2026).
Does Altus Group Limited pay a dividend?
Altus Group Limited currently shows a dividend yield of 1.16% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Altus Group Limited (AIF) and when is the ex-dividend date?
Altus Group Limited pays a dividend of C$0.6 per share a year, a dividend yield of 1.2%. The last ex-dividend date was Sep 29, 2026. A dividend has been paid every year since at least 2005. Free cash flow covers the dividend 3.82 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Altus Group Limited (AIF)?
For today's price to be fair in a discounted-cash-flow model, Altus Group Limited would have to grow free cash flow by +13.6 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.2 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of AIF use?
Our models discount Altus Group Limited at 10.5 %: a base by market capitalisation (small), damped by beta 0.81, country premium for Canada. 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 Altus Group Limited that is +13.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Altus Group Limited (AIF) delivered so far?
Over the past 5 years revenue at Altus Group Limited grew -2.2 % a year. The price currently implies free-cash-flow growth of +13.6 % 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 Altus Group Limited (AIF) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Altus Group Limited (+13.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Altus Group Limited (AIF)?
The free-cash-flow yield on the price is 4.16 %: that much free cash flow Altus Group Limited produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Altus Group Limited (AIF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Altus Group Limited it is C$41.63 per share (as of Nov 6, 2026), against a price of C$51.80. It is the blended result of 10 valuation models in 3 families (DCF Models, Multiples, Growth DCF).
Is Altus Group Limited stock overvalued or undervalued in 2026?
As of Nov 6, 2026, AIF trades above its calculated fair value: price C$51.80, fair value C$41.63, a gap of about −20% (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 AIF?
No. The price is what the market pays today (C$51.80); the fair value is what the company's own numbers justify (C$41.63). For Altus Group Limited the two are C$10.17 per share apart. That gap is exactly why we show both numbers side by side.
How much is Altus Group Limited worth?
The market values Altus Group Limited at about C$1.9B (market capitalisation, as of Nov 6, 2026). Per share that is C$51.80; our models calculate a fair value of C$41.63 per share.
What do the bullish and bearish scenarios say about AIF?
Our models span a range for Altus Group Limited: cautious scenario C$30.43, base C$41.63, optimistic C$55.56 per share (as of Nov 6, 2026, price C$51.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of AIF?
The PEG ratio of Altus Group Limited is 4.15 (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 Altus Group Limited (AIF)?
Balance-sheet figures for Altus Group Limited (as of Nov 6, 2026): return on equity −1.7%, debt of 0.34 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is AIF from its 52-week high?
Altus Group Limited trades at C$51.80, about 8% below its 52-week high of C$56.15 and 35% above the low of C$38.36 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$41.63 is for.
Which stocks are comparable to Altus Group Limited?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, 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 Altus Group Limited stock attractive at the current price?
The data as of Nov 6, 2026: price C$51.80, calculated fair value C$41.63 (−20%), Quality Score 63/100, from 10 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 AIF calculated?
We run Altus Group Limited through 10 models from 3 families: DCF Models, Multiples, Growth DCF. Every model gets the same audited fundamentals; the fair value of C$41.63 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. Altus Group Limited 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 Altus Group Limited (AIF)?
The closing price on Nov 6, 2026 was C$51.80. Our model-based fair value is C$41.63, about 20% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Altus Group Limited right now?
Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (C$30.43 to C$55.56) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Altus Group Limited
How large is the market capitalisation of Altus Group Limited (AIF)?
The market capitalisation of Altus Group Limited is C$1.9B (≈ $1.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Altus Group Limited (AIF)?
The price-to-sales ratio of Altus Group Limited is 3.46 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Altus Group Limited (AIF)?
Earnings per share at Altus Group Limited are C$−0.3100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Altus Group Limited (AIF)?
The dividend yield of Altus Group Limited is 1.2%. 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 Altus Group Limited (AIF)?
The net margin of Altus Group Limited is −3.2% (fiscal year 2025). 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 Altus Group Limited (AIF)?
The return on equity (ROE) of Altus Group Limited is −1.7% (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 Altus Group Limited (AIF)?
On an EBIT basis the return on assets of Altus Group Limited is 5.6% (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 Altus Group Limited (AIF)?
The operating margin of Altus Group Limited is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Altus Group Limited (AIF)?
Revenue at Altus Group Limited is growing +6.6% versus a year earlier (3y avg −11.9%). 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 Altus Group Limited (AIF)?
Earnings per share at Altus Group Limited are growing −97.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Altus Group Limited (AIF) hold?
Altus Group Limited holds more cash than debt, C$197M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026