Relpol SA (RLP) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Relpol SA stock PLN 3.85, price PLN 5.74, that is 32.9% below the price, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 11 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 4, 2026.
How to read this chart
60‑month range 4.85 PLN – 9.22 PLN · fair‑value band 2.73 PLN – 5.51 PLN · the 5.74 PLN price screens above the 3.85 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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Relpol S.A. manufactures relays worldwide. It offers signal relays, miniature relays, time relays, interface relays, solid state relays, supervisory relays, modular installation relays, and plug-in industrial relays.
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The company also provides switched-mode power supplies, astronomical and digital clocks, electricity consumption meters, single and three phase power controllers, and installation contractors.
Its products are applied building and industrial automation, energy sector, railways, solar inverters and charging stations, lightning control relays for DIN rail, electronics, as well as ventilation, air conditioning, cooling, and heating systems.
The company was founded in 1958 and is based in Zary, Poland.
Stock analysis
Relpol SA (RLP) currently trades at 5.74 PLN, while our model-based Fair Value estimate is 3.85 PLN, 33% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 3.97 PLN per share, and 0 of the 11 models we run sit above the 5.74 PLN price.
Bear case: the Asset-Based group reads lowest at 2.45 PLN, and 11 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 2.73 PLN (bear) to 5.51 PLN (bull), the price of 5.74 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 56/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Relpol SA reported revenue of 108M PLN in FY2025 versus 134M PLN in FY2021, a compound −5.2%/yr. Reported net income was −1.5M PLN in FY2025.
Key figures
Market cap 55.2M PLN (≈ $14.1M) Micro · P/E ratio 41.0 · P/S ratio 0.51 · EPS (TTM) 0.1400 PLN · Net margin 1.3% · Return on equity 1.5% · Return on assets (EBIT) 2.6% (5-year average) · Operating margin 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −33%, RLP screens cheaper than that median.
Fair Value models
Bear2.73 PLNFair Value 3.85 PLNBull5.51 PLN
Price 5.74 PLN · Downside -32.9%
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 (0.1201 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.32/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−1.4%
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.
−10.6%
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.
−2.3%
Start year 2020 (pandemic). Over 10 years: −0.7% 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.
+2.7%
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Profit margin (trend) ⓘ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.
7.6% (2020) → −1.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+14.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +10.5% a year for the price.
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 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−33.6% · Above median
Profitability
Return on equity (12 months)1.5% · Below median
Return on assets−1.2% · Bottom 25%
Net margin (12 months)1.3% · Below median
Operating margin (12 months)2.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−1.4% · Bottom 25%
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)41.0× · Pricier than median
P/B0.59× · Cheapest 25%
P/S (12 months)0.51× · Cheapest 25%
Price / free cash flow (fiscal year)21.6× · Cheaper than median
EV/EBITDA10.2× · Cheaper 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)6· sector 25
HEALTH (low debt)96· sector 97
DIVIDEND (yield)0· 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). "Relpol SA Fair Value". https://www.fairvalue-calculator.com/stock/RLP
Frequently asked questions
Is Relpol SA (RLP) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 3.85 PLN versus a price of 5.74 PLN, about 33% lower (overvalued).
What is the fair value of RLP?
Our model-based fair value for Relpol SA is 3.85 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 5.74 PLN.
What is the quality score of RLP?
Relpol SA has a Quality Score of 56/100. 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 Relpol SA (RLP)?
Our model-based price target is the fair value of 3.85 PLN (as of Nov 4, 2026) from 11 valuation models. Cautious scenario 2.73 PLN, optimistic scenario 5.51 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Relpol SA stock forecast for 2026?
Our models put fair value at 3.85 PLN, about 33% lower versus a price of 5.74 PLN (overvalued). Cautious scenario 2.73 PLN, optimistic scenario 5.51 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Relpol SA (RLP)?
Relpol SA reported trailing-twelve-month revenue of about 110M PLN (latest available figure, as of Nov 4, 2026).
What growth is priced into Relpol SA (RLP)?
For today's price to be fair in a discounted-cash-flow model, Relpol SA would have to grow free cash flow by +14.0 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.3 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of RLP use?
Our models discount Relpol SA at 9.3 %: a base by market capitalisation (nano), damped by beta 0.13, country premium for Poland. 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 Relpol SA that is +14.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Relpol SA (RLP) delivered so far?
Over the past 5 years revenue at Relpol SA grew -2.3 % a year. The price currently implies free-cash-flow growth of +14.0 % 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 Relpol SA (RLP) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Relpol SA (+14.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Relpol SA (RLP)?
The free-cash-flow yield on the price is 4.67 %: that much free cash flow Relpol SA produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Relpol SA (RLP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Relpol SA it is 3.85 PLN per share (as of Nov 4, 2026), against a price of 5.74 PLN. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Relpol SA stock overvalued or undervalued in 2026?
As of Nov 4, 2026, RLP trades above its calculated fair value: price 5.74 PLN, fair value 3.85 PLN, a gap of about −33% (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 RLP?
No. The price is what the market pays today (5.74 PLN); the fair value is what the company's own numbers justify (3.85 PLN). For Relpol SA the two are 1.89 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Relpol SA worth?
The market values Relpol SA at about 55.2M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 5.74 PLN; our models calculate a fair value of 3.85 PLN per share.
What do the bullish and bearish scenarios say about RLP?
Our models span a range for Relpol SA: cautious scenario 2.73 PLN, base 3.85 PLN, optimistic 5.51 PLN per share (as of Nov 4, 2026, price 5.74 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RLP?
Relpol SA trades at a price-to-earnings ratio of 41.0 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3.85 PLN is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2023), reported earnings: 11.0. Other multiples: P/B 0.6, P/S 0.5, EV/EBITDA 10.2.
How solid is the balance sheet of Relpol SA (RLP)?
Balance-sheet figures for Relpol SA (as of Nov 4, 2026): return on equity 1.5%, debt of 0.07 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is RLP from its 52-week high?
Relpol SA trades at 5.74 PLN, about 8% below its 52-week high of 6.26 PLN and 17% above the low of 4.92 PLN (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 3.85 PLN is for.
Which stocks are comparable to Relpol 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 Relpol SA stock attractive at the current price?
The data as of Nov 4, 2026: price 5.74 PLN, calculated fair value 3.85 PLN (−33%), Quality Score 56/100, from 11 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 RLP calculated?
We run Relpol SA through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 3.85 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. Relpol 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 Relpol SA (RLP)?
The closing price on Nov 9, 2026 was 5.74 PLN. Our model-based fair value is 3.85 PLN, about 33% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Relpol SA right now?
The price sits above even our optimistic bull case (5.51 PLN). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (2.73 PLN to 5.51 PLN) leaves room in how you read the outcome.
Key figures of Relpol SA
How large is the market capitalisation of Relpol SA (RLP)?
The market capitalisation of Relpol SA is 55.2M PLN (≈ $14.1M). 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 Relpol SA (RLP)?
The price-to-sales ratio of Relpol SA is 0.51 (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 Relpol SA (RLP)?
Earnings per share at Relpol SA are 0.1400 PLN (price ÷ EPS = P/E 41.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Relpol SA (RLP)?
The net margin of Relpol SA is 1.3% (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 Relpol SA (RLP)?
The return on equity (ROE) of Relpol SA is 1.5% (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 Relpol SA (RLP)?
On an EBIT basis the return on assets of Relpol SA is 2.6% (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 Relpol SA (RLP)?
The operating margin of Relpol SA is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Relpol SA (RLP)?
Revenue at Relpol SA is growing −1.4% versus a year earlier (3y avg −10.6%). 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 Relpol SA (RLP)?
Earnings per share at Relpol SA are growing +171% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Relpol SA (RLP) carry?
The net debt of Relpol SA is 19.0M PLN (fiscal year 2025, ≈ 7.4 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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Nov 4, 2026