Nokian Panimo Oyj (BEER) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Nokian Panimo Oyj stock €0.83, price €2.41, that is 65.6% below the price, quality 32 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 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 4, 2026.
How to read this chart
19‑month range €2.27 – €2.67 · fair‑value band €0.6700 – €0.9600 · the €2.41 price screens above the €0.8300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Nokian Panimo Oyj engages in the brewery business in Finland. It offers cider, beer, soft drinks, and other drink products. The company was incorporated in 1991 and is based in Nokia, Finland.
Stock analysis
Nokian Panimo Oyj (BEER) currently trades at €2.41, while our model-based Fair Value estimate is €0.8300, 66% 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 €2.07 per share, and 1 of the 6 models we run sit above the €2.41 price.
Bear case: the Asset-Based group reads lowest at €0.4500, and 5 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €0.6700 (bear) to €0.9600 (bull), the price of €2.41 sits above 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 32/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Nokian Panimo Oyj reported revenue of €13.0M in FY2025 versus €9.3M in FY2022, a compound +11.6%/yr. Reported net income was −€69.0K in FY2025.
Key figures
Market cap €24.3M Micro · P/E ratio 16.1 · P/S ratio 1.74 · EPS (TTM) €0.1500 · Dividend yield 1.2% · Net margin 9.5% · Return on equity 8.3% · Return on assets (EBIT) 9.8% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 19% fair-value upside, at −66%, BEER screens richer than that median.
Fair Value models
Bear€0.6700Fair Value €0.8300Bull€0.9600
Price €2.41 · Downside -65.6%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.1029 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.47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.4%
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.
+11.6%
’22
’23
’24
’25
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
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.Beverages - Brewers · 55 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−65.6% · Bottom 25%
Profitability
Return on equity (12 months)8.3% · Above median
Return on assets−0.3% · Bottom 25%
Net margin (12 months)9.5% · Above median
Operating margin (12 months)9.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)15.2% · Top 25%
Dividend yield (12 months)1.2% · Bottom 25%
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Beverages - Brewers median · lower = cheaper
P/E (12 months)16.1× · Pricier than median
P/B1.49× · Cheaper than median
P/S (12 months)1.74× · Pricier than median
EV/EBITDA12.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)76· sector 13
PAST (return on equity)33· sector 32
HEALTH (low debt)89· sector 97
DIVIDEND (yield)25· sector 60
VALUE 0: the price sits above our fair-value range.
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.
Is Nokian Panimo Oyj (BEER) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €0.8300 versus a price of €2.41, about 66% lower (overvalued).
What is the fair value of BEER?
Our model-based fair value for Nokian Panimo Oyj is €0.8300 (as of Nov 4, 2026), built from audited fundamentals. The current price: €2.41.
What is the quality score of BEER?
Nokian Panimo Oyj has a Quality Score of 32/100. 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 Nokian Panimo Oyj (BEER)?
Our model-based price target is the fair value of €0.8300 (as of Nov 4, 2026) from 6 valuation models. Cautious scenario €0.6700, optimistic scenario €0.9600. It is a calculation from audited fundamentals, not an analyst target.
What is the Nokian Panimo Oyj stock forecast for 2026?
Our models put fair value at €0.8300, about 66% lower versus a price of €2.41 (overvalued). Cautious scenario €0.6700, optimistic scenario €0.9600. The calculation is refreshed regularly with new filings.
What is the revenue of Nokian Panimo Oyj (BEER)?
Nokian Panimo Oyj reported trailing-twelve-month revenue of about €14.0M (latest available figure, as of Nov 4, 2026).
Does Nokian Panimo Oyj pay a dividend?
Nokian Panimo Oyj currently shows a dividend yield of 1.24% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Nokian Panimo Oyj (BEER) and when is the ex-dividend date?
Nokian Panimo Oyj pays a dividend of €0.03 per share a year, a dividend yield of 1.2%. The last ex-dividend date was Aug 27, 2026. The payout ratio is 20.0% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Nokian Panimo Oyj (BEER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nokian Panimo Oyj it is €0.8300 per share (as of Nov 4, 2026), against a price of €2.41. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Nokian Panimo Oyj stock overvalued or undervalued in 2026?
As of Nov 4, 2026, BEER trades above its calculated fair value: price €2.41, fair value €0.8300, a gap of about −66% (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 BEER?
No. The price is what the market pays today (€2.41); the fair value is what the company's own numbers justify (€0.8300). For Nokian Panimo Oyj the two are €1.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nokian Panimo Oyj worth?
The market values Nokian Panimo Oyj at about €24.3M (market capitalisation, as of Nov 4, 2026). Per share that is €2.41; our models calculate a fair value of €0.8300 per share.
What do the bullish and bearish scenarios say about BEER?
Our models span a range for Nokian Panimo Oyj: cautious scenario €0.6700, base €0.8300, optimistic €0.9600 per share (as of Nov 4, 2026, price €2.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BEER?
Nokian Panimo Oyj trades at a price-to-earnings ratio of 16.1 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €0.8300 is built from several models across several years. Other multiples: P/B 1.5, P/S 1.7, EV/EBITDA 12.7.
How solid is the balance sheet of Nokian Panimo Oyj (BEER)?
Balance-sheet figures for Nokian Panimo Oyj (as of Nov 4, 2026): return on equity 8.3%, debt of 0.21 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is BEER from its 52-week high?
Nokian Panimo Oyj trades at €2.41, about 10% below its 52-week high of €2.67 and 4% above the low of €2.33 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €0.8300 is for.
Which stocks are comparable to Nokian Panimo Oyj?
From the same area (Consumer Defensive) we also value Anheuser-Busch InBev SA, Heineken N.V, Constellation Brands, Inc, Heineken Holding, 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 Nokian Panimo Oyj stock attractive at the current price?
The data as of Nov 4, 2026: price €2.41, calculated fair value €0.8300 (−66%), Quality Score 32/100, from 6 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 BEER calculated?
We run Nokian Panimo Oyj through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €0.8300 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. Nokian Panimo Oyj 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 Nokian Panimo Oyj (BEER)?
The closing price on Nov 6, 2026 was €2.41. Our model-based fair value is €0.8300, about 66% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nokian Panimo Oyj right now?
The price sits above even our optimistic bull case (€0.9600). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Nokian Panimo Oyj
How large is the market capitalisation of Nokian Panimo Oyj (BEER)?
The market capitalisation of Nokian Panimo Oyj is €24.3M. 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 Nokian Panimo Oyj (BEER)?
The price-to-sales ratio of Nokian Panimo Oyj is 1.74 (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 Nokian Panimo Oyj (BEER)?
Earnings per share at Nokian Panimo Oyj are €0.1500 (price ÷ EPS = P/E 16.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nokian Panimo Oyj (BEER)?
The dividend yield of Nokian Panimo Oyj is 1.2% (payout 20.0%). 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 Nokian Panimo Oyj (BEER)?
The net margin of Nokian Panimo Oyj is 9.5% (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 Nokian Panimo Oyj (BEER)?
The return on equity (ROE) of Nokian Panimo Oyj is 8.3% (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 Nokian Panimo Oyj (BEER)?
On an EBIT basis the return on assets of Nokian Panimo Oyj is 9.8% (avg 4y). 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 Nokian Panimo Oyj (BEER)?
The operating margin of Nokian Panimo Oyj is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nokian Panimo Oyj (BEER)?
Revenue at Nokian Panimo Oyj is growing +15.2% versus a year earlier (3y avg +11.6%). 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 Nokian Panimo Oyj (BEER)?
Earnings per share at Nokian Panimo Oyj are growing +83.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Nokian Panimo Oyj (BEER) generate?
The free cash flow of Nokian Panimo Oyj is −€3.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Nokian Panimo Oyj (BEER) carry?
The net debt of Nokian Panimo Oyj is €4.0M (fiscal year 2025). 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 4, 2026