Bureau Veritas SA (BVI) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Bureau Veritas SA stock €27.88, price €30.22, that is 7.7% below the price, quality 69 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 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 Nov 3, 2026.
How to read this chart
60‑month range €19.35 – €30.22 · fair‑value band €18.26 – €34.85 · the €30.22 price screens above the €27.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Bureau Veritas SA provides laboratory testing, inspection, and certification services. It operates through six segments: Marine & Offshore; Agri-Food & Commodities; Industry; Buildings & Infrastructure; Certification; and Consumer Products services.
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The company engages in inspecting, analyzing, auditing, and certifying the products, assets, and management systems of its clients in relation to regulatory or self-imposed standards, as well as issues compliance reports.
It also provides technical services, including asset integrity management for marine and offshore; post accident expertise, risk assessment for the offshore industry, marine accident investigations, pre- and post salvage advice, and refloating of vessels; inspection, audit, certification, and testing services for oil and petrochemicals, metals and minerals, and agri commodities; technical control, code compliance, independent technical assistance, quality assurance/quality control, construction management, and project management assistance; laboratory and on-site testing services for manufacturing and process industries; inspection services for products, services, assets, and installations, as well as various services designed to control quality, verify quantity, and meet regulatory requirements; and certification services for management systems, products, and people.
The company serves construction and civil engineering, real estate, transportation, oil and gas, marine and offshore, nuclear, defense, automotive, aerospace, IT, electronics, power and utilities, consumer products, and retail industries, as well as financial services and public sectors.
It operates in approximately 140 countries through a network of offices and laboratories. Bureau Veritas SA was founded in 1828 and is headquartered in Neuilly-sur-Seine, France.
Stock analysis
Bureau Veritas SA (BVI) currently trades at €30.22, while our model-based Fair Value estimate is €27.88, so the stock looks roughly fairly valued today (gap 8.4%).
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Valuation
Bull case: the DCF Models group reads highest at a median of €28.66 per share, and 6 of the 24 models we run sit above the €30.22 price.
Bear case: the Earnings-Based group reads lowest at €8.01, and 18 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €18.26 (bear) to €34.85 (bull), the price of €30.22 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 69/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bureau Veritas SA reported revenue of €6.5B in FY2025 versus €5.0B in FY2021, a compound +6.7%/yr. Reported net income was €588M in FY2025, compounding +8.7%/yr from FY2021.
Key figures
Market cap €13.6B Large · P/E ratio 27.7 · P/S ratio 2.01 · EPS (TTM) €1.09 · Dividend yield 3.0% · Net margin 7.5% · Return on equity 32.9% · Return on assets (EBIT) 11.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −7% fair-value upside, at −8%, BVI screens richer than that median.
Fair Value models
Bear€18.26Fair Value €27.88Bull€34.85
Price €30.22 · Downside -7.7%
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 (€0.1444 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.79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.6%
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.
+4.6%
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.
+7.0%
Start year 2020 (pandemic). Over 10 years: +3.4% a year
Revenue growth 25 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.
+0.6%
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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.
+12.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.7%
Dividend (yield on the price)3.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9.7% vs 7.0%, steady
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.10% → 14%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what 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).
+6.1%
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.
+4.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +3.9% a year for the price and +2.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The company's main strength is its strategic portfolio rotation toward higher-growth segments including AI-driven services, while its primary weakness is the thin public evidence that prevents firm conclusions on durable quality.
Main risk: The divestiture of the established oil and petrochemical testing unit risks failing to replace lost scale with improved margins and organic growth from the remaining segments, thereby reducing overall revenue stability.
Bureau Veritas is divesting its oil and petrochemical testing unit as part of its ongoing portfolio rotation. The move aims to sharpen focus on higher-growth segments including AI-driven services. Will the improved margin profile and organic growth more than replace the scale lost from this established business?
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.Consulting Services · 74 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−7.7% · Below median
Profitability
Return on equity (12 months)32.9% · Top 25%
Return on assets8.3% · Above median
Net margin (12 months)7.5% · Above median
Operating margin (12 months)12.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)2.0% · Below median
Dividend yield (12 months)3.0% · Below median
Balance sheet
Debt / equity1.40× · Highest 25%
Valuation Multiplesvs Consulting Services median · lower = cheaper
P/E (12 months)27.7× · Priciest 25%
P/B7.93× · 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). "Bureau Veritas SA Fair Value". https://www.fairvalue-calculator.com/stock/BVI
Frequently asked questions
Is Bureau Veritas SA (BVI) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of €27.88 versus a price of €30.22, about 8% lower (fairly valued).
What is the fair value of BVI?
Our model-based fair value for Bureau Veritas SA is €27.88 (as of Nov 3, 2026), built from audited fundamentals. The current price: €30.22.
What is the quality score of BVI?
Bureau Veritas SA has a Quality Score of 69/100. 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 Bureau Veritas SA (BVI)?
Our model-based price target is the fair value of €27.88 (as of Nov 3, 2026) from 24 valuation models. Cautious scenario €18.26, optimistic scenario €34.85. It is a calculation from audited fundamentals, not an analyst target.
What is the Bureau Veritas SA stock forecast for 2026?
Our models put fair value at €27.88, about 8% lower versus a price of €30.22 (fairly valued). Cautious scenario €18.26, optimistic scenario €34.85. The calculation is refreshed regularly with new filings.
What is the revenue of Bureau Veritas SA (BVI)?
Bureau Veritas SA reported trailing-twelve-month revenue of about €6.7B (latest available figure, as of Nov 3, 2026).
Does Bureau Veritas SA pay a dividend?
Bureau Veritas SA currently shows a dividend yield of 3.04% relative to its recent price (as of Nov 3, 2026).
What growth is priced into Bureau Veritas SA (BVI)?
For today's price to be fair in a discounted-cash-flow model, Bureau Veritas SA would have to grow free cash flow by +6.1 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.0 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of BVI use?
Our models discount Bureau Veritas SA at 9.1 %: a base by market capitalisation (large), damped by beta 0.72, country premium for France. 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 Bureau Veritas SA that is +6.1 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Bureau Veritas SA (BVI) delivered so far?
Over the past 5 years revenue at Bureau Veritas SA grew +7.0 % a year. The price currently implies +6.1 % per year free-cash-flow growth a 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 Bureau Veritas SA (BVI) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Bureau Veritas SA (+6.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bureau Veritas SA (BVI)?
The free-cash-flow yield on the price is 6.04 %: that much free cash flow Bureau Veritas SA produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bureau Veritas SA (BVI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bureau Veritas SA it is €27.88 per share (as of Nov 3, 2026), against a price of €30.22. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Bureau Veritas SA stock overvalued or undervalued in 2026?
As of Nov 3, 2026, BVI trades above its calculated fair value: price €30.22, fair value €27.88, a gap of about −8% (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 BVI?
No. The price is what the market pays today (€30.22); the fair value is what the company's own numbers justify (€27.88). For Bureau Veritas SA the two are €2.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bureau Veritas SA worth?
The market values Bureau Veritas SA at about €13.6B (market capitalisation, as of Nov 3, 2026). Per share that is €30.22; our models calculate a fair value of €27.88 per share.
What do the bullish and bearish scenarios say about BVI?
Our models span a range for Bureau Veritas SA: cautious scenario €18.26, base €27.88, optimistic €34.85 per share (as of Nov 3, 2026, price €30.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BVI?
Bureau Veritas SA trades at a price-to-earnings ratio of 27.7 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €27.88 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 24.7. Other multiples: PEG 2.2, P/B 7.9, P/S 2.0, EV/EBITDA 11.9.
What is the PEG ratio of BVI?
The PEG ratio of Bureau Veritas SA is 2.21 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Bureau Veritas SA (BVI)?
Balance-sheet figures for Bureau Veritas SA (as of Nov 3, 2026): return on equity 32.9%, debt of 1.40 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is BVI from its 52-week high?
Bureau Veritas SA trades at €30.22, at its 52-week high of €30.22 and 23% above the low of €24.56 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €27.88 is for.
Which stocks are comparable to Bureau Veritas SA?
From the same area (Industrials) we also value Verisk Analytics, Inc, SGS SA, Equifax Inc, Booz Allen Hamilton 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 Bureau Veritas SA stock attractive at the current price?
The data as of Nov 3, 2026: price €30.22, calculated fair value €27.88 (−8%), Quality Score 69/100, from 24 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 BVI calculated?
We run Bureau Veritas SA through 24 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 €27.88, 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 15.5% above its aggregate fair value. Bureau Veritas SA 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 Bureau Veritas SA (BVI)?
The closing price on Nov 5, 2026 was €30.22. Our model-based fair value is €27.88, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bureau Veritas SA right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (€18.26 to €34.85) leaves room in how you read the outcome.
Where does the earnings growth of Bureau Veritas SA (BVI) come from?
Earnings per share at Bureau Veritas SA grew +7.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.5 %, EBIT margin +0.1 %, tax rate +1.4 %, residual (interest, one-offs) +2.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bureau Veritas SA
How large is the market capitalisation of Bureau Veritas SA (BVI)?
The market capitalisation of Bureau Veritas SA is €13.6B. 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 Bureau Veritas SA (BVI)?
The price-to-sales ratio of Bureau Veritas SA is 2.01 (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 Bureau Veritas SA (BVI)?
Earnings per share at Bureau Veritas SA are €1.09 (price ÷ EPS = P/E 27.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bureau Veritas SA (BVI)?
The dividend yield of Bureau Veritas SA is 3.0% (payout 84.4%). 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 Bureau Veritas SA (BVI)?
The net margin of Bureau Veritas SA is 7.5% (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 Bureau Veritas SA (BVI)?
The return on equity (ROE) of Bureau Veritas SA is 32.9% (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 Bureau Veritas SA (BVI)?
On an EBIT basis the return on assets of Bureau Veritas SA is 11.9% (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 Bureau Veritas SA (BVI)?
The operating margin of Bureau Veritas SA is 12.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bureau Veritas SA (BVI)?
Revenue at Bureau Veritas SA is growing +2.0% versus a year earlier (3y avg +4.6%). 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 Bureau Veritas SA (BVI)?
Earnings per share at Bureau Veritas SA are growing −25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bureau Veritas SA (BVI) carry?
The net debt of Bureau Veritas SA is €2.1B (fiscal year 2025, ≈ 2.5 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 3, 2026