Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság stock HUF 16,728, price HUF 10,500, upside +59.3%, quality 74 out of 100. Rating: strongly undervalued. 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 8, 2026.
How to read this chart
41‑month range 2,376 HUF – 13,730 HUF · fair‑value band 9,995 HUF – 21,215 HUF · the 10,500 HUF price screens below the 16,728 HUF fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság operates as a stock exchange in Hungary and internationally. It offers economic operators access to financial resources and offers investors a range of investment instruments.
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The company also provides listing, trading, dissemination of market information, and product development services. In addition, it offers equities and debt securities, investment funds, and structured products, as well as data information services.
The company was founded in 1864 and is headquartered in Budapest, Hungary.
Stock analysis
Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET) currently trades at 10,500 HUF, while our model-based Fair Value estimate is 16,728 HUF, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 27,070 HUF per share, and 5 of the 13 models we run sit above the 10,500 HUF price.
Bear case: the Asset-Based group reads lowest at 1,769 HUF, and 8 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: 9,995 HUF (bear) to 21,215 HUF (bull), the price of 10,500 HUF 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 74/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság reported revenue of 4.3B HUF in FY2025 versus 3.1B HUF in FY2021, a compound +9.1%/yr. Reported net income was 9.6B HUF in FY2025, compounding +61.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 56.8B HUF (≈ $175M) Micro · P/E ratio 5.7 · P/S ratio 12.7 · EPS (TTM) 1,836 HUF · Dividend yield 1.1% · Return on equity 30.2% · Return on assets (EBIT) 4.4% (5-year average) · Operating margin 41.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 92 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 72% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −34% fair-value upside, at 59%, BET screens cheaper than that median.
Fair Value models
Bear9,995 HUFFair Value 16,728 HUFBull21,215 HUF
Price 10,500 HUF · Upside +59.3%
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 (1,575 HUF 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.0%
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.
+5.7%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in HUF ⓘ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. Measured in HUF: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +18.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.4%
Dividend (yield on the price)1.1%
Profit margin 2021 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.21% → 33%
⚠ Rate on operating basis: 2025 sits 65% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+40.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hungary: IMF forecast 3.3% a year to 2030, 5.6% from 2016 to 2025) that is about +35.5% a year for the price.
Compare Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság with another stock
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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.Financial Data & Stock Exchanges · 48 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Above median
Fair Value upside+59.3% · Top 25%
Profitability
Return on equity (12 months)30.2% · Above median
Return on assets26.3% · Top 25%
Operating margin (12 months)41.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)22.6% · Top 25%
Dividend yield (12 months)1.1% · Below median
Valuation Multiplesvs Financial Data & Stock Exchanges median · lower = cheaper
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Is Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 16,728 HUF versus a price of 10,500 HUF, about +59% upside (undervalued).
What is the fair value of BET?
Our model-based fair value for Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság is 16,728 HUF (as of Nov 8, 2026), built from audited fundamentals. The current price: 10,500 HUF.
What is the quality score of BET?
Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság has a Quality Score of 74/100. 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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
Our model-based price target is the fair value of 16,728 HUF (as of Nov 8, 2026) from 13 valuation models. Cautious scenario 9,995 HUF, optimistic scenario 21,215 HUF. It is a calculation from audited fundamentals, not an analyst target.
What is the Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság stock forecast for 2026?
Our models put fair value at 16,728 HUF, about +59% upside versus a price of 10,500 HUF (undervalued). Cautious scenario 9,995 HUF, optimistic scenario 21,215 HUF. The calculation is refreshed regularly with new filings.
What is the revenue of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság reported trailing-twelve-month revenue of about 4.9B HUF (latest available figure, as of Nov 8, 2026).
Does Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság pay a dividend?
Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság currently shows a dividend yield of 1.12% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság has a dividend yield of 1.1%.
What growth is priced into Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
For today's price to be fair in a discounted-cash-flow model, Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság would have to grow free cash flow by +40.0 % per year for five years (discount rate 16.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +9.1 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of BET use?
Our models discount Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság at 16.2 %: a base by market capitalisation (micro), damped by beta 1.34, country premium for Hungary. 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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság that is +40.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (16.2 %) and the same formula as our fair value.
How much growth has Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET) delivered so far?
Over the past 4 years revenue at Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság grew +9.1 % a year. The price currently implies free-cash-flow growth of +40.0 % 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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET) growing?
The median revenue growth in the sector is +6.0 % a year. That is the yardstick for the growth priced into Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (+40.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
The free-cash-flow yield on the price is 1.95 %: that much free cash flow Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság produces per unit of market value. When it exceeds the discount rate of our models (16.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság it is 16,728 HUF per share (as of Nov 8, 2026), against a price of 10,500 HUF. 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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság stock overvalued or undervalued in 2026?
As of Nov 8, 2026, BET trades below its calculated fair value: price 10,500 HUF, fair value 16,728 HUF, a gap of about +59% (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 BET?
No. The price is what the market pays today (10,500 HUF); the fair value is what the company's own numbers justify (16,728 HUF). For Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság the two are 6,228 HUF per share apart. That gap is exactly why we show both numbers side by side.
How much is Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság worth?
The market values Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság at about 56.8B HUF (market capitalisation, as of Nov 8, 2026). Per share that is 10,500 HUF; our models calculate a fair value of 16,728 HUF per share.
What do the bullish and bearish scenarios say about BET?
Our models span a range for Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság: cautious scenario 9,995 HUF, base 16,728 HUF, optimistic 21,215 HUF per share (as of Nov 8, 2026, price 10,500 HUF). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BET?
Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság trades at a price-to-earnings ratio of 5.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16,728 HUF is built from several models across several years. Other multiples: P/B 1.6, P/S 11.6, EV/EBITDA 24.3.
How solid is the balance sheet of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
Balance-sheet figures for Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (as of Nov 8, 2026): return on equity 30.2%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is BET from its 52-week high?
Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság trades at 10,500 HUF, about 24% below its 52-week high of 13,730 HUF and 72% above the low of 6,119 HUF (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 16,728 HUF is for.
Which stocks are comparable to Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság?
From the same area (Financial Services) we also value S&P Global Inc, CME Group, Intercontinental Exchange, Inc, Moody's 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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság stock attractive at the current price?
The data as of Nov 8, 2026: price 10,500 HUF, calculated fair value 16,728 HUF (+59%), Quality Score 74/100, 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 BET calculated?
We run Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság 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 16,728 HUF 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. Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság currently trades 37% 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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
The closing price on Nov 6, 2026 was 10,500 HUF. Our model-based fair value is 16,728 HUF, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság right now?
Solid quality (74/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (9,995 HUF to 21,215 HUF) leaves room in how you read the outcome. 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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság
How large is the market capitalisation of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
The market capitalisation of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság is 56.8B HUF (≈ $175M). 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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
The price-to-sales ratio of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság is 12.7 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
Earnings per share at Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság are 1,836 HUF (price ÷ EPS = P/E 5.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
The dividend yield of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság is 1.1% (payout 6.4%). 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 return on equity of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
The return on equity (ROE) of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság is 30.2% (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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
On an EBIT basis the return on assets of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság is 4.4% (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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
The operating margin of Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság is 41.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
Revenue at Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság is growing +22.6% versus a year earlier (3y avg +5.7%). 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 Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság (BET)?
Earnings per share at Budapesti Értéktozsde Nyilvánosan Muködo Részvénytársaság are growing +11.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 8, 2026