Ramada Investimentos e Industria S.A (RAM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ramada Investimentos e Industria S.A stock €4.43, price €6.48, that is 31.7% below the price, quality 73 out of 100. Rating: overvalued. Calculated from audited financials with 25 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 6, 2026.
How to read this chart
60‑month range €3.27 – €7.45 · fair‑value band €3.79 – €6.21 · the €6.48 price screens above the €4.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Ramada Investimentos e Industria in your weekly email
Every Wednesday you see whether Ramada Investimentos e Industria is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Ramada Investimentos e Industria, S.A., together with its subsidiaries, engages in the real estate business in Portugal. It owns and leases forested lands; and manages real estate properties and investments.
Show moreShow less
The company was formerly known as F. Ramada Investimentos, SGPS, S.A. and changed its name to Ramada Investimentos e Industria, S.A. in May 2018. Ramada Investimentos e Industria, S.A. was founded in 1935 and is headquartered in Porto, Portugal.
Stock analysis
Ramada Investimentos e Industria S.A (RAM) currently trades at €6.48, while our model-based Fair Value estimate is €4.43, 32% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Dividend Discount group reads highest at a median of €11.64 per share, and 3 of the 25 models we run sit above the €6.48 price.
Bear case: the Economic Profit group reads lowest at €2.27, and 22 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €3.79 (bear) to €6.21 (bull), the price of €6.48 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 73/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Ramada Investimentos e Industria S.A reported revenue of €10.3M in FY2025 versus €143M in FY2021, a compound −48.2%/yr. Reported net income was €8.8M in FY2025, compounding −12.6%/yr from FY2021.
Key figures
Market cap €166M Micro · P/E ratio 29.5 · P/S ratio 25.3 · EPS (TTM) €0.2200 · Dividend yield 3.7% · Net margin 85.9% · Return on equity 5.4% · Return on assets (EBIT) 7.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at −32%, RAM screens cheaper than that median.
Fair Value models
Bear€3.79Fair Value €4.43Bull€6.21
Price €6.48 · Downside -31.7%
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.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.
Best data coverage
FCF DCF€2.41€3.36€4.5581
Growth DCF€2.41€3.22€4.1880
Owner Earnings€3.26€4.55€6.1777
All 25 models by family
DCF Models
FCF DCF€2.41€3.36€4.5581
Owner Earnings€3.26€4.55€6.1777
5Y Revenue Exit€1.30€1.62€1.9874
5Y EBITDA Exit€2.54€3.95€5.5875
5Y P/E Exit€3.26€5.30€7.4570
10Y Revenue Exit€1.76€2.15€2.6068
10Y EBITDA Exit€2.45€3.53€4.9568
10Y P/E Exit€2.84€4.34€6.1864
Earnings-Based
Graham-Dodd€2.34€7.53€10.0564
Lynch FV€1.67€2.39€3.1161
PEG = 1.0€1.67€2.39€3.1157
EPV€1.20€1.34€1.4574
Dividend Discount
Gordon GGM€7.29€12.18€15.7968
DDM Multi-Stage€7.29€11.10€13.1167
Multiples
P/E Multiple€4.38€5.84€7.3063
P/S Multiple€0.4500€0.6000€0.750058
P/B Multiple€4.09€5.45€6.8155
EV/EBIT€3.38€4.52€5.6666
EV/EBITDA€2.90€3.88€4.8567
EV/Revenue€0.3800€0.5600€0.740053
Asset-Based
NCAV (Graham)€0.1600€0.2400€0.300055
Growth DCF
Growth DCF€2.41€3.22€4.1880
Economic Profit
Residual Income€3.02€3.19€3.4976
ROIC Compounder€1.20€1.34€1.4572
Growth Earnings
Growth-Adj P/E€3.76€5.38€6.9967
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.6%
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.
−62.4%
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.
−36.9%
Start year 2020 (pandemic). Over 10 years: −22.2% a year
Revenue growth 10 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.
−22.2%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis.
−3.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.3%
Dividend (yield on the price)3.7%
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.12% → 81%
⚠ Revenue per share shrinking 34.3%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+18.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +16.3% a year for the price.
Compare Ramada Investimentos e Industria S.A with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Steel · 410 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−31.7% · Below median
Profitability
Return on equity (12 months)5.4% · Above median
Return on assets8.6% · Top 25%
Net margin (12 months)99.5% · Top 25%
Operating margin (12 months)68.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−20.2% · Bottom 25%
Dividend yield (12 months)3.7% · Above median
Valuation Multiplesvs Steel median · lower = cheaper
P/E (12 months)29.5× · Priciest 25%
P/B1.86× · Priciest 25%
P/S (12 months)19.38× · Priciest 25%
Price / free cash flow (fiscal year)25.6× · Pricier than median
EV/EBITDA25.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)0· sector 38
PAST (return on equity)22· sector 19
HEALTH (low debt)100· sector 95
DIVIDEND (yield)74· sector 52
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). "Ramada Investimentos e Industria S.A Fair Value". https://www.fairvalue-calculator.com/stock/RAM.LS
Frequently asked questions
Is Ramada Investimentos e Industria S.A (RAM) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €4.43 versus a price of €6.48, about 32% lower (overvalued).
What is the fair value of RAM?
Our model-based fair value for Ramada Investimentos e Industria S.A is €4.43 (as of Nov 6, 2026), built from audited fundamentals. The current price: €6.48.
What is the quality score of RAM?
Ramada Investimentos e Industria S.A has a Quality Score of 73/100. 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 Ramada Investimentos e Industria S.A (RAM)?
Our model-based price target is the fair value of €4.43 (as of Nov 6, 2026) from 25 valuation models. Cautious scenario €3.79, optimistic scenario €6.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Ramada Investimentos e Industria S.A stock forecast for 2026?
Our models put fair value at €4.43, about 32% lower versus a price of €6.48 (overvalued). Cautious scenario €3.79, optimistic scenario €6.21. The calculation is refreshed regularly with new filings.
What is the revenue of Ramada Investimentos e Industria S.A (RAM)?
Ramada Investimentos e Industria S.A reported trailing-twelve-month revenue of about €9.6M (latest available figure, as of Nov 6, 2026).
Does Ramada Investimentos e Industria S.A pay a dividend?
Ramada Investimentos e Industria S.A currently shows a dividend yield of 3.70% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Ramada Investimentos e Industria S.A (RAM) and when is the ex-dividend date?
Ramada Investimentos e Industria S.A pays a dividend of €0.24 per share a year, a dividend yield of 3.7%. The last ex-dividend date was Apr 22, 2026. A dividend has been paid every year since 2021. The payout ratio is 109% of earnings. Free cash flow covers the dividend 1.18 times. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What growth is priced into Ramada Investimentos e Industria S.A (RAM)?
For today's price to be fair in a discounted-cash-flow model, Ramada Investimentos e Industria S.A would have to grow free cash flow by +18.8 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -36.9 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of RAM use?
Our models discount Ramada Investimentos e Industria S.A at 12.6 %: a base by market capitalisation (micro), damped by beta 0.01, country premium for Portugal. 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 Ramada Investimentos e Industria S.A that is +18.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Ramada Investimentos e Industria S.A (RAM) delivered so far?
Over the past 5 years revenue at Ramada Investimentos e Industria S.A grew -36.9 % a year. The price currently implies free-cash-flow growth of +18.8 % 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 Ramada Investimentos e Industria S.A (RAM) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Ramada Investimentos e Industria S.A (+18.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ramada Investimentos e Industria S.A (RAM)?
The free-cash-flow yield on the price is 4.35 %: that much free cash flow Ramada Investimentos e Industria S.A produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ramada Investimentos e Industria S.A (RAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ramada Investimentos e Industria S.A it is €4.43 per share (as of Nov 6, 2026), against a price of €6.48. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Ramada Investimentos e Industria S.A stock overvalued or undervalued in 2026?
As of Nov 6, 2026, RAM trades above its calculated fair value: price €6.48, fair value €4.43, a gap of about −32% (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 RAM?
No. The price is what the market pays today (€6.48); the fair value is what the company's own numbers justify (€4.43). For Ramada Investimentos e Industria S.A the two are €2.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ramada Investimentos e Industria S.A worth?
The market values Ramada Investimentos e Industria S.A at about €166M (market capitalisation, as of Nov 6, 2026). Per share that is €6.48; our models calculate a fair value of €4.43 per share.
What do the bullish and bearish scenarios say about RAM?
Our models span a range for Ramada Investimentos e Industria S.A: cautious scenario €3.79, base €4.43, optimistic €6.21 per share (as of Nov 6, 2026, price €6.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RAM?
Ramada Investimentos e Industria S.A trades at a price-to-earnings ratio of 29.5 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €4.43 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 12.0. Other multiples: P/B 1.9, P/S 19.4, EV/EBITDA 25.3.
How solid is the balance sheet of Ramada Investimentos e Industria S.A (RAM)?
Balance-sheet figures for Ramada Investimentos e Industria S.A (as of Nov 6, 2026): return on equity 5.4%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is RAM from its 52-week high?
Ramada Investimentos e Industria S.A trades at €6.48, about 12% below its 52-week high of €7.39 and 1% above the low of €6.42 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €4.43 is for.
Which stocks are comparable to Ramada Investimentos e Industria S.A?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 Ramada Investimentos e Industria S.A stock attractive at the current price?
The data as of Nov 6, 2026: price €6.48, calculated fair value €4.43 (−32%), Quality Score 73/100, from 25 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 RAM calculated?
We run Ramada Investimentos e Industria S.A through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €4.43 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. Ramada Investimentos e Industria S.A 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 Ramada Investimentos e Industria S.A (RAM)?
The closing price on Nov 6, 2026 was €6.48. Our model-based fair value is €4.43, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ramada Investimentos e Industria S.A right now?
The price sits above even our optimistic bull case (€6.21). The favourable scenario is already priced in. Solid but not exceptional quality (73/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Ramada Investimentos e Industria S.A
How large is the market capitalisation of Ramada Investimentos e Industria S.A (RAM)?
The market capitalisation of Ramada Investimentos e Industria S.A is €166M. 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 Ramada Investimentos e Industria S.A (RAM)?
The price-to-sales ratio of Ramada Investimentos e Industria S.A is 25.3 (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 Ramada Investimentos e Industria S.A (RAM)?
Earnings per share at Ramada Investimentos e Industria S.A are €0.2200 (price ÷ EPS = P/E 29.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ramada Investimentos e Industria S.A (RAM)?
The dividend yield of Ramada Investimentos e Industria S.A is 3.7% (payout 109%). 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 Ramada Investimentos e Industria S.A (RAM)?
The net margin of Ramada Investimentos e Industria S.A is 85.9% (fiscal year 2025). 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 Ramada Investimentos e Industria S.A (RAM)?
The return on equity (ROE) of Ramada Investimentos e Industria S.A is 5.4% (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 Ramada Investimentos e Industria S.A (RAM)?
On an EBIT basis the return on assets of Ramada Investimentos e Industria S.A is 7.4% (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 Ramada Investimentos e Industria S.A (RAM)?
The operating margin of Ramada Investimentos e Industria S.A is 68.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ramada Investimentos e Industria S.A (RAM)?
Revenue at Ramada Investimentos e Industria S.A is growing −20.2% versus a year earlier (3y avg −62.4%). 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 Ramada Investimentos e Industria S.A (RAM)?
Earnings per share at Ramada Investimentos e Industria S.A are growing +336% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ramada Investimentos e Industria S.A (RAM) carry?
The net debt of Ramada Investimentos e Industria S.A is €980K (fiscal year 2024, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Ramada Investimentos e Industria S.A in the live analysis
One click puts Ramada Investimentos e Industria S.A on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 6, 2026