Immobile (GKI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Immobile stock PLN 8.60, price PLN 4.19, upside +105.3%, quality 60 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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Immobile
GKI · WARThe stock costs 51% less than our calculation considers fair.
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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
60‑month range 1.43 PLN – 5.26 PLN · fair‑value band 3.84 PLN – 15.01 PLN · the 4.19 PLN price screens below the 8.60 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Company profile
Grupa Kapitalowa IMMOBILE S.A. operates in industry, construction, automation and power engineering, hospitality, and development industries in Poland and internationally.
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The company manufactures and distributes handling systems; engages in the business of automatic car parks; offers crushing and grinding machines under the MAKRUM brand, as well as warehouse equipment, such as forklifts and warehouse racks; and sells aluminum facades, aluminum joinery, lift and slide doors, and fire protection products.
It also constructs housing estates; operates hotels; is involved in the business of industrial construction, modern offices, commercial facilities, and development investment; carries out general investment implementation (GRI); and offers IT solutions, as well as equipment used in I and C, and related systems.
In addition, the company provides professional advisory services; engineering services in the field of industrial automation, control and measurement equipment, computer science, telemetry, telecommunications, electricity, gas, cogeneration systems, water and sewage networks, air conditioning, regulation, electronics, and metrology; installation, ventilation, and heating services; and low, medium, and high-voltage power generation services to customers in the construction, industrial, and energy sectors.
The company was formerly known as MAKRUM S.A. and changed its name to Grupa Kapitalowa IMMOBILE S.A. in 2014. Grupa Kapitalowa IMMOBILE S.A. was founded in 1868 and is based in Bydgoszcz, Poland.
Stock analysis
Immobile (GKI) currently trades at 4.19 PLN, while our model-based Fair Value estimate is 8.60 PLN, implying the stock looks roughly 51% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 16.74 PLN per share, and 8 of the 13 models we run sit above the 4.19 PLN price.
Bear case: the Asset-Based group reads lowest at 1.57 PLN, and 5 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: 3.84 PLN (bear) to 15.01 PLN (bull), the price of 4.19 PLN 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 60/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Immobile reported revenue of 1.1B PLN in FY2025 versus 576M PLN in FY2021, a compound +16.2%/yr. Reported net income was 35.4M PLN in FY2025, compounding +29.7%/yr from FY2021.
Key figures
Market cap 314M PLN (≈ $80.2M) Micro · P/E ratio 5.7 · P/S ratio 0.36 · EPS (TTM) 0.7300 PLN · Dividend yield 3.1% · Net margin 4.1% · Return on equity 29.1% · Return on assets (EBIT) 4.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 40% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 105%, GKI screens cheaper than that median.
Fair Value models
All 13 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
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Compare Immobile with another stock
Price, fair value, quality and upside side by side.
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.Asset Management · 587 stocks
Valuation Multiplesvs Asset Management median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- PEG ratio by industry
- Revenue growth by industry
- Stock screener with 62 metrics
- Valuation of the Poland market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Exor N.V EXO | €73.35 | €139.37 | +90% | vs GKI |
| Raymond James Financial, Inc RJF | $162.81 | $281.42 | +73% | vs GKI |
| Apollo Global Management, Inc APO | $116.75 | $197.52 | +69% | vs GKI |
| Ameriprise Financial, Inc AMP | $501.49 | $609.56 | +22% | vs GKI |
| State Street Corporation STT | $165.56 | $139.37 | −16% | vs GKI |
| Ares Management Corporation ARES | $133.98 | $99.35 | −26% | vs GKI |
| Northern Trust Corporation NTRS | $172.76 | $123.42 | −29% | vs GKI |
| Brookfield Asset Management Ltd BAM | $52.95 | $31.26 | −41% | vs GKI |
| Blackstone Inc BX | $119.50 | $52.29 | −56% | vs GKI |
| KKR & Co KKR | $96.48 | $27.32 | −72% | vs GKI |
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Frequently asked questions
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Key figures of Immobile
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