Elektrotim SA (ELT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Elektrotim SA stock PLN 28.93, price PLN 60.75, that is 52.4% below the price, quality 51 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 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
60‑month range 3.65 PLN – 72.55 PLN · fair‑value band 17.91 PLN – 37.88 PLN · the 60.75 PLN price screens above the 28.93 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Elektrotim S.A., together with its subsidiaries, provides installation, traffic maintenance, high voltage, and traction power services in Poland. The company operates through Power networks, and Installations and infrastructure segments.
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It offers energy generation, energy transmission, energy distribution, railway and urban, and traction power supply infrastructure services; and road and urban infrastructure, traffic engineering, municipal infrastructure, infrastructure for industrial plants, military, security services, border protection, and airports.
The company also offers industry, power grid, public utility infrastructure, defense departments, traction infrastructure, safety management platform Aquila, and energy storage facilities. Elektrotim S.A. was incorporated in 1998 and is headquartered in Wroclaw, Poland.
Stock analysis
Elektrotim SA (ELT) currently trades at 60.75 PLN, while our model-based Fair Value estimate is 28.93 PLN, 52% 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 55.32 PLN per share, and 3 of the 17 models we run sit above the 60.75 PLN price.
Bear case: the Asset-Based group reads lowest at 9.21 PLN, and 14 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: 17.91 PLN (bear) to 37.88 PLN (bull), the price of 60.75 PLN 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 51/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Elektrotim SA reported revenue of 580M PLN in FY2025 versus 277M PLN in FY2021, a compound +20.3%/yr. Reported net income was 29.0M PLN in FY2025, compounding +44.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 594M PLN (≈ $152M) Micro · P/E ratio 24.4 · P/S ratio 1.05 · EPS (TTM) 2.49 PLN · Dividend yield 3.3% · Net margin 4.4% · Return on equity 20.8% · Return on assets (EBIT) 12.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 59% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −52%, ELT screens richer than that median.
Fair Value models
Bear17.91 PLNFair Value 28.93 PLNBull37.88 PLN
Price 60.75 PLN · Downside -52.4%
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 (0.4202 PLN 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
+10.5%
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.
+4.7%
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.
+15.9%
Start year 2020 (pandemic). Over 10 years: +5.1% a year
Revenue growth 17 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.
+9.7%
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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.
+23.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.1%
Dividend (yield on the price)3.3%
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.20.1% vs 9.9%, picking up
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.8% → 7%
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.Electrical Equipment & Parts · 564 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−52.4% · Below median
Profitability
Return on equity (12 months)20.8% · Top 25%
Return on assets9.1% · Top 25%
Net margin (12 months)4.4% · Below median
Operating margin (12 months)1.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)−3.7% · Bottom 25%
Dividend yield (12 months)3.3% · Top 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)24.4× · Cheaper than median
P/B4.31× · Priciest 25%
P/S (12 months)1.05× · Cheaper than median
EV/EBITDA15.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 66
PAST (return on equity)83· sector 25
HEALTH (low debt)100· sector 97
DIVIDEND (yield)66· sector 23
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.
Cite: Fair Value Calculator (2026). "Elektrotim SA Fair Value". https://www.fairvalue-calculator.com/stock/ELT
Frequently asked questions
Is Elektrotim SA (ELT) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 28.93 PLN versus a price of 60.75 PLN, about 52% lower (overvalued).
What is the fair value of ELT?
Our model-based fair value for Elektrotim SA is 28.93 PLN (as of Nov 8, 2026), built from audited fundamentals. The current price: 60.75 PLN.
What is the quality score of ELT?
Elektrotim SA has a Quality Score of 51/100. 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 Elektrotim SA (ELT)?
Our model-based price target is the fair value of 28.93 PLN (as of Nov 8, 2026) from 17 valuation models. Cautious scenario 17.91 PLN, optimistic scenario 37.88 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Elektrotim SA stock forecast for 2026?
Our models put fair value at 28.93 PLN, about 52% lower versus a price of 60.75 PLN (overvalued). Cautious scenario 17.91 PLN, optimistic scenario 37.88 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Elektrotim SA (ELT)?
Elektrotim SA reported trailing-twelve-month revenue of about 566M PLN (latest available figure, as of Nov 8, 2026).
Does Elektrotim SA pay a dividend?
Elektrotim SA currently shows a dividend yield of 3.29% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Elektrotim SA (ELT) and when is the ex-dividend date?
Elektrotim SA pays a dividend of 2.00 PLN per share a year, a dividend yield of 3.3%. The last ex-dividend date was Jun 18, 2026. The payout ratio is 80.3% 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 Elektrotim SA (ELT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Elektrotim SA it is 28.93 PLN per share (as of Nov 8, 2026), against a price of 60.75 PLN. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Elektrotim SA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ELT trades above its calculated fair value: price 60.75 PLN, fair value 28.93 PLN, a gap of about −52% (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 ELT?
No. The price is what the market pays today (60.75 PLN); the fair value is what the company's own numbers justify (28.93 PLN). For Elektrotim SA the two are 31.82 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Elektrotim SA worth?
The market values Elektrotim SA at about 594M PLN (market capitalisation, as of Nov 8, 2026). Per share that is 60.75 PLN; our models calculate a fair value of 28.93 PLN per share.
What do the bullish and bearish scenarios say about ELT?
Our models span a range for Elektrotim SA: cautious scenario 17.91 PLN, base 28.93 PLN, optimistic 37.88 PLN per share (as of Nov 8, 2026, price 60.75 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ELT?
Elektrotim SA trades at a price-to-earnings ratio of 24.4 (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 28.93 PLN is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 7.6. Other multiples: P/B 4.3, P/S 1.1, EV/EBITDA 15.7.
How solid is the balance sheet of Elektrotim SA (ELT)?
Balance-sheet figures for Elektrotim SA (as of Nov 8, 2026): return on equity 20.8%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is ELT from its 52-week high?
Elektrotim SA trades at 60.75 PLN, about 16% below its 52-week high of 72.55 PLN and 59% above the low of 38.24 PLN (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 28.93 PLN is for.
Which stocks are comparable to Elektrotim SA?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 Elektrotim SA stock attractive at the current price?
The data as of Nov 8, 2026: price 60.75 PLN, calculated fair value 28.93 PLN (−52%), Quality Score 51/100, from 17 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 ELT calculated?
We run Elektrotim SA through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 28.93 PLN 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. Elektrotim 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 Elektrotim SA (ELT)?
The closing price on Nov 6, 2026 was 60.75 PLN. Our model-based fair value is 28.93 PLN, about 52% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Elektrotim SA right now?
The price sits above even our optimistic bull case (37.88 PLN). The favourable scenario is already priced in. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (17.91 PLN to 37.88 PLN) leaves room in how you read the outcome.
Where does the earnings growth of Elektrotim SA (ELT) come from?
Earnings per share at Elektrotim SA grew +12.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.5 %, EBIT margin +4.3 %, tax rate −0.2 %, residual (interest, one-offs) +0.6 %. 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 Elektrotim SA
How large is the market capitalisation of Elektrotim SA (ELT)?
The market capitalisation of Elektrotim SA is 594M PLN (≈ $152M). 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 Elektrotim SA (ELT)?
The price-to-sales ratio of Elektrotim SA is 1.05 (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 Elektrotim SA (ELT)?
Earnings per share at Elektrotim SA are 2.49 PLN (price ÷ EPS = P/E 24.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Elektrotim SA (ELT)?
The dividend yield of Elektrotim SA is 3.3% (payout 80.3%). 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 Elektrotim SA (ELT)?
The net margin of Elektrotim SA is 4.4% (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 Elektrotim SA (ELT)?
The return on equity (ROE) of Elektrotim SA is 20.8% (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 Elektrotim SA (ELT)?
On an EBIT basis the return on assets of Elektrotim SA is 12.7% (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 Elektrotim SA (ELT)?
The operating margin of Elektrotim SA is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Elektrotim SA (ELT)?
Revenue at Elektrotim SA is growing −3.7% versus a year earlier (3y avg +4.7%). 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 Elektrotim SA (ELT)?
Earnings per share at Elektrotim SA are growing −47.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Elektrotim SA (ELT) generate?
The free cash flow of Elektrotim SA is −3.7M PLN (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 Elektrotim SA (ELT) carry?
The net debt of Elektrotim SA is 152K PLN (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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Broad data
Nov 8, 2026