There (B8A) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of There stock €151, price €89.00, upside +69.2%, quality 66 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.
How to read this chart
60‑month range €68.97 – €96.96 · fair‑value band €121.95 – €198.63 · the €89.00 price screens below the €150.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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There (B8A) currently trades at €89.00, while our model-based Fair Value estimate is €150.59, implying the stock looks roughly 40.9% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €221.54 per share, and 6 of the 10 models we run sit above the €89.00 price.
Bear case: the Asset-Based group reads lowest at €38.96, and 4 of the 10 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €121.95 (bear) to €198.63 (bull), the price of €89.00 sits below 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 66/100 (solid quality), in the Other sector.
Mixed Growth: Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
There reported revenue of €93.6M in FY2025 versus €117M in FY2021, a compound −5.4%/yr. Reported net income was €58.3M in FY2025, compounding +35.4%/yr from FY2021.
Key figures
Market cap €399M Small · Dividend yield 0.0% · Net margin 62.2% · Return on assets (EBIT) −0.9% · Free cash flow −€19.4M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and at its 52-week low, currently above its 200-day average.
For context, the median of 10 Other peers we cover trades at 10% fair-value upside, at 69%, B8A screens cheaper than that median.
Fair Value models
Bear€121.95Fair Value €150.59Bull€198.63
Price €89.00 · Upside +69.2%
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.55/100
Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Revenue growth 1 year
−5.2%
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.
−5.9%
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.
−6.2%
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.
−3.7%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
≈ +67.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +67.2%
Dividend (yield on the price)0.0%
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.−13% → −4%
2025 sits 211% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 4.9%/yr over ~6Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 2.04 per share, median 12.4 in 2017 to 2018). It measures the recovery from the trough, not lasting growth.
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.Other · 90 stocks
Beats the industry median on 8/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+69.2% · Top 25%
Profitability
Return on assets13.2% · Top 25%
Net margin (12 months)62.2% · Top 25%
Operating margin (12 months)0.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Top 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Other median · lower = cheaper
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). "There Fair Value". https://www.fairvalue-calculator.com/stock/B8A
Frequently asked questions
Is There (B8A) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of €150.59 versus a price of €89.00, about +69% upside (undervalued).
What is the fair value of B8A?
Our model-based fair value for There is €150.59 (as of Oct 30, 2026), built from audited fundamentals. The current price: €89.00.
What is the quality score of B8A?
There has a Quality Score of 66/100. 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 There (B8A)?
Our model-based price target is the fair value of €150.59 (as of Oct 30, 2026) from 10 valuation models. Cautious scenario €121.95, optimistic scenario €198.63. It is a calculation from audited fundamentals, not an analyst target.
What is the There stock forecast for 2026?
Our models put fair value at €150.59, about +69% upside versus a price of €89.00 (undervalued). Cautious scenario €121.95, optimistic scenario €198.63. The calculation is refreshed regularly with new filings.
Does There pay a dividend?
There currently shows a dividend yield of 0.04% relative to its recent price (as of Oct 30, 2026).
What is the intrinsic value of There (B8A)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For There it is €150.59 per share (as of Oct 30, 2026), against a price of €89.00. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is There stock overvalued or undervalued in 2026?
As of Oct 30, 2026, B8A trades below its calculated fair value: price €89.00, fair value €150.59, a gap of about +69% (undervalued). 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 B8A?
No. The price is what the market pays today (€89.00); the fair value is what the company's own numbers justify (€150.59). For There the two are €61.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is There worth?
The market values There at about €399M (market capitalisation, as of Oct 30, 2026). Per share that is €89.00; our models calculate a fair value of €150.59 per share.
What do the bullish and bearish scenarios say about B8A?
Our models span a range for There: cautious scenario €121.95, base €150.59, optimistic €198.63 per share (as of Oct 30, 2026, price €89.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of There (B8A)?
Balance-sheet figures for There (as of Oct 30, 2026): debt of 0.02 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is B8A from its 52-week high?
There trades at €89.00, at its 52-week high of €89.00 and at the low of €88.95 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of €150.59 is for.
Which stocks are comparable to There?
From the same area (Other) we also value 542772, Chambal Fertilisers and Chemicals Limited, 532468, Indiabulls Real Estate 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 There stock attractive at the current price?
The data as of Oct 30, 2026: price €89.00, calculated fair value €150.59 (+69%), Quality Score 66/100, 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 B8A calculated?
We run There through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €150.59, 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 14.9 % above its aggregate fair value. There currently trades 41 % 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 There (B8A)?
The closing price on Oct 29, 2026 was €89.00. Our model-based fair value is €150.59, about +69% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with There right now?
The price is below even our cautious bear case (€121.95). The market is more pessimistic than our downside scenario. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of There
How large is the market capitalisation of There (B8A)?
The market capitalisation of There is €399M. 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 dividend yield of There (B8A)?
The dividend yield of There is 0.0%. 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 There (B8A)?
The net margin of There is 62.2% (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 EBIT return on assets of There (B8A)?
On an EBIT basis the return on assets of There is −0.9% (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.
How much free cash flow does There (B8A) generate?
The free cash flow of There is −€19.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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