Alexandria Group Oyj (ALEX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Alexandria Group Oyj stock €12.74, price €12.10, upside +5.3%, quality 70 out of 100. Rating: fairly valued. Calculated from audited financials with 13 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 7, 2026.
How to read this chart
60‑month range €4.38 – €15.13 · fair‑value band €6.87 – €17.89 · the €12.10 price screens below the €12.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Alexandria Group Oyj provides investment and savings insurance products in Finland. It offers funds; structured investment products; and investment-linked products, such as unit-linked savings and investment insurance products.
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The company also provides wealth management services to wealthy individuals and institutions; and asset management and legal services. The company was incorporated in 1996 and is based in Helsinki, Finland.
Stock analysis
Alexandria Group Oyj (ALEX) currently trades at €12.10, while our model-based Fair Value estimate is €12.74, so the stock looks roughly fairly valued today (gap 5.0%).
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Valuation
Bull case: the Earnings-Based group reads highest at a median of €14.44 per share, and 6 of the 13 models we run sit above the €12.10 price.
Bear case: the Asset-Based group reads lowest at €2.29, and 7 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: €6.87 (bear) to €17.89 (bull), the price of €12.10 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 70/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Alexandria Group Oyj reported revenue of €54.8M in FY2025 versus €47.4M in FY2021, a compound +3.7%/yr. Reported net income was €7.8M in FY2025, compounding −2.9%/yr from FY2021.
Key figures
Market cap €134M Micro · P/E ratio 11.3 · P/S ratio 2.44 · EPS (TTM) €1.07 · Dividend yield 5.8% · Net margin 19.0% · Return on equity 38.6% · Return on assets (EBIT) 21.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 83 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 5%, ALEX screens cheaper than that median.
Fair Value models
Bear€6.87Fair Value €12.74Bull€17.89
Price €12.10 · Upside +5.3%
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 (€0.3173 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.
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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.9%
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.
+12.9%
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.
+9.6%
Start year 2020 (pandemic)
Revenue growth 7 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.
+9.5%
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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.
+19.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.8%
Dividend (yield on the price)5.8%
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.19% → 21%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+5.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +3.0% a year for the price.
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.Asset Management · 587 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+5.3% · Below median
Profitability
Return on equity (12 months)38.6% · Top 25%
Return on assets14.3% · Top 25%
Net margin (12 months)19.0% · Below median
Operating margin (12 months)29.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)24.0% · Above median
Dividend yield (12 months)5.8% · Above median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)11.3× · Cheaper than median
P/B4.00× · Priciest 25%
P/S (12 months)2.44× · Cheaper than median
Price / free cash flow (fiscal year)12.7× · Pricier than median
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Cite: Fair Value Calculator (2026). "Alexandria Group Oyj Fair Value". https://www.fairvalue-calculator.com/stock/ALEX
Frequently asked questions
Is Alexandria Group Oyj (ALEX) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €12.74 versus a price of €12.10, about +5% upside (fairly valued).
What is the fair value of ALEX?
Our model-based fair value for Alexandria Group Oyj is €12.74 (as of Nov 7, 2026), built from audited fundamentals. The current price: €12.10.
What is the quality score of ALEX?
Alexandria Group Oyj has a Quality Score of 70/100. 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 Alexandria Group Oyj (ALEX)?
Our model-based price target is the fair value of €12.74 (as of Nov 7, 2026) from 13 valuation models. Cautious scenario €6.87, optimistic scenario €17.89. It is a calculation from audited fundamentals, not an analyst target.
What is the Alexandria Group Oyj stock forecast for 2026?
Our models put fair value at €12.74, about +5% upside versus a price of €12.10 (fairly valued). Cautious scenario €6.87, optimistic scenario €17.89. The calculation is refreshed regularly with new filings.
What is the revenue of Alexandria Group Oyj (ALEX)?
Alexandria Group Oyj reported trailing-twelve-month revenue of about €60.9M (latest available figure, as of Nov 7, 2026).
Does Alexandria Group Oyj pay a dividend?
Alexandria Group Oyj currently shows a dividend yield of 5.79% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Alexandria Group Oyj (ALEX) and when is the ex-dividend date?
Alexandria Group Oyj pays a dividend of €0.7 per share a year, a dividend yield of 5.8%. The last ex-dividend date was Sep 15, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 65.4% of earnings. Free cash flow covers the dividend 1.52 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Alexandria Group Oyj (ALEX)?
For today's price to be fair in a discounted-cash-flow model, Alexandria Group Oyj would have to grow free cash flow by +5.2 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of ALEX use?
Our models discount Alexandria Group Oyj at 12.5 %: a base by market capitalisation (micro), damped by beta 0.87, country premium for Finland. 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 Alexandria Group Oyj that is +5.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Alexandria Group Oyj (ALEX) delivered so far?
Over the past 5 years revenue at Alexandria Group Oyj grew +9.6 % a year. The price currently implies free-cash-flow growth of +5.2 % 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 Alexandria Group Oyj (ALEX) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Alexandria Group Oyj (+5.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Alexandria Group Oyj (ALEX)?
The free-cash-flow yield on the price is 8.81 %: that much free cash flow Alexandria Group Oyj produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Alexandria Group Oyj (ALEX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alexandria Group Oyj it is €12.74 per share (as of Nov 7, 2026), against a price of €12.10. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Alexandria Group Oyj stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ALEX trades below its calculated fair value: price €12.10, fair value €12.74, a gap of about +5% (fairly valued). 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 ALEX?
No. The price is what the market pays today (€12.10); the fair value is what the company's own numbers justify (€12.74). For Alexandria Group Oyj the two are €0.6400 per share apart. That gap is exactly why we show both numbers side by side.
How much is Alexandria Group Oyj worth?
The market values Alexandria Group Oyj at about €134M (market capitalisation, as of Nov 7, 2026). Per share that is €12.10; our models calculate a fair value of €12.74 per share.
What do the bullish and bearish scenarios say about ALEX?
Our models span a range for Alexandria Group Oyj: cautious scenario €6.87, base €12.74, optimistic €17.89 per share (as of Nov 7, 2026, price €12.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALEX?
Alexandria Group Oyj trades at a price-to-earnings ratio of 11.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €12.74 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 12.0. Other multiples: P/B 4.0, P/S 2.4, EV/EBITDA 8.2.
How solid is the balance sheet of Alexandria Group Oyj (ALEX)?
Balance-sheet figures for Alexandria Group Oyj (as of Nov 7, 2026): return on equity 38.6%, debt of 0.06 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is ALEX from its 52-week high?
Alexandria Group Oyj trades at €12.10, about 20% below its 52-week high of €15.13 and 33% above the low of €9.09 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €12.74 is for.
Which stocks are comparable to Alexandria Group Oyj?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, 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 Alexandria Group Oyj stock attractive at the current price?
The data as of Nov 7, 2026: price €12.10, calculated fair value €12.74 (+5%), Quality Score 70/100, from 13 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 ALEX calculated?
We run Alexandria Group Oyj through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of €12.74 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 13.3% above its aggregate fair value. Alexandria Group Oyj currently trades 5% below its own fair value, and the market average says nothing about that. 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 Alexandria Group Oyj (ALEX)?
The closing price on Nov 6, 2026 was €12.10. Our model-based fair value is €12.74, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alexandria Group Oyj right now?
The model range is unusually wide (€6.87 to €17.89). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Alexandria Group Oyj
How large is the market capitalisation of Alexandria Group Oyj (ALEX)?
The market capitalisation of Alexandria Group Oyj is €134M. 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 Alexandria Group Oyj (ALEX)?
The price-to-sales ratio of Alexandria Group Oyj is 2.44 (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 Alexandria Group Oyj (ALEX)?
Earnings per share at Alexandria Group Oyj are €1.07 (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alexandria Group Oyj (ALEX)?
The dividend yield of Alexandria Group Oyj is 5.8% (payout 65.4%). 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 Alexandria Group Oyj (ALEX)?
The net margin of Alexandria Group Oyj is 19.0% (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 Alexandria Group Oyj (ALEX)?
The return on equity (ROE) of Alexandria Group Oyj is 38.6% (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 Alexandria Group Oyj (ALEX)?
On an EBIT basis the return on assets of Alexandria Group Oyj is 21.9% (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 Alexandria Group Oyj (ALEX)?
The operating margin of Alexandria Group Oyj is 29.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alexandria Group Oyj (ALEX)?
Revenue at Alexandria Group Oyj is growing +24.0% versus a year earlier (3y avg +12.9%). 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 Alexandria Group Oyj (ALEX)?
Earnings per share at Alexandria Group Oyj are growing +122% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Alexandria Group Oyj (ALEX) carry?
The net debt of Alexandria Group Oyj is €6.8M (fiscal year 2025, ≈ 0.6 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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Broad data
Nov 7, 2026