Teleste Oyj (TLT1V) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Teleste Oyj stock €4.25, price €3.16, upside +34.5%, quality 64 out of 100. Rating: undervalued. Calculated from audited financials with 24 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 9, 2026.
How to read this chart
60‑month range €2.09 – €6.02 · fair‑value band €3.18 – €5.31 · the €3.16 price screens below the €4.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
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Teleste Oyj provides broadband, security, and information technologies and related services in Finland, Nordic Countries, Europe, North America, Asia and internationally.
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The company focuses on product solutions for video service platforms and video surveillance applications; and offers service solutions, including network construction, renewal, maintenance, and design services.
Its broadband network solutions include remote PHY devices and modules, RF amplifiers, optical nodes, RF and FTTX passives, headend optics, video headend, transcoders, broadcast managers, element and network management products, and accessories.
The company's video security solutions comprise video management systems, fiber optic video transmission products, and IP networking solutions; and onboard solutions include audio communications, infotainment, passenger counting, seat reservation, wayside solutions for on-board, and management and maintenance, as well as on-board CCTV, displays, passenger information, and network.
Its stationary solutions consist of public address and audio systems, stationary displays, visual passenger information, and video security and situational awareness; and central software products, such as display control and diagnostics, fleet monitoring and operation control, media content management, and passenger information content management.
It also offers design and survey, network optimization and engineering, consultancy, and managed network services. Teleste Oyj has a strategic partnership with Polystar to accelerate the digital transformation of cable network operations.
The company was founded in 1954 and is headquartered in Littoinen, Finland.
Stock analysis
Teleste Oyj (TLT1V) currently trades at €3.16, while our model-based Fair Value estimate is €4.25, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €5.49 per share, and 16 of the 24 models we run sit above the €3.16 price.
Bear case: the Earnings-Based group reads lowest at €1.92, and 8 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €3.18 (bear) to €5.31 (bull), the price of €3.16 sits below 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 64/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Teleste Oyj reported revenue of €139M in FY2025 versus €144M in FY2021, a compound −0.9%/yr. Reported net income was €2.8M in FY2025, compounding −20.9%/yr from FY2021.
Key figures
Market cap €57.9M Micro · P/E ratio 13.2 · P/S ratio 0.47 · EPS (TTM) €0.2400 · Dividend yield 2.5% · Net margin 3.2% · Return on equity 7.6% · Return on assets (EBIT) 1.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at 34%, TLT1V screens cheaper than that median.
Fair Value models
Bear€3.18Fair Value €4.25Bull€5.31
Price €3.16 · Upside +34.5%
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 (€0.1372 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.6%
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.
−5.6%
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.
−0.9%
Start year 2020 (pandemic). Over 10 years: −5.6% 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.
+1.3%
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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.
−8.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.1%
Dividend (yield on the price)2.5%
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.−11.1% vs −13.1%, 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.3% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 3.9%/yr over ~10Y (margins eroding too) ⓘ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
Price in line with expectations
The price assumes about as much growth as 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).
−0.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −2.2% a year for the price.
News mood ⓘNews mood, the average tone of recent news (87 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.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
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.Communication Equipment · 303 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside+34.5% · Top 25%
Profitability
Return on equity (12 months)7.6% · Above median
Return on assets2.3% · Above median
Net margin (12 months)3.2% · Below median
Operating margin (12 months)5.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−3.3% · Below median
Dividend yield (12 months)2.5% · Above median
Balance sheet
Debt / equity0.36× · Highest 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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). "Teleste Oyj Fair Value". https://www.fairvalue-calculator.com/stock/TLT1V
Frequently asked questions
Is Teleste Oyj (TLT1V) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of €4.25 versus a price of €3.16, about +34% upside (undervalued).
What is the fair value of TLT1V?
Our model-based fair value for Teleste Oyj is €4.25 (as of Nov 9, 2026), built from audited fundamentals. The current price: €3.16.
What is the quality score of TLT1V?
Teleste Oyj has a Quality Score of 64/100. 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 Teleste Oyj (TLT1V)?
Our model-based price target is the fair value of €4.25 (as of Nov 9, 2026) from 24 valuation models. Cautious scenario €3.18, optimistic scenario €5.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Teleste Oyj stock forecast for 2026?
Our models put fair value at €4.25, about +34% upside versus a price of €3.16 (undervalued). Cautious scenario €3.18, optimistic scenario €5.31. The calculation is refreshed regularly with new filings.
What is the revenue of Teleste Oyj (TLT1V)?
Teleste Oyj reported trailing-twelve-month revenue of about €137M (latest available figure, as of Nov 9, 2026).
Does Teleste Oyj pay a dividend?
Teleste Oyj currently shows a dividend yield of 2.53% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Teleste Oyj (TLT1V) and when is the ex-dividend date?
Teleste Oyj pays a dividend of €0.08 per share a year, a dividend yield of 2.5%. The next ex-dividend date is Dec 29, 2026. The payout ratio is 33.3% of earnings. Free cash flow covers the dividend 5.46 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Teleste Oyj (TLT1V)?
For today's price to be fair in a discounted-cash-flow model, Teleste Oyj would have to grow free cash flow by -0.1 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.9 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of TLT1V use?
Our models discount Teleste Oyj at 11.6 %: a base by market capitalisation (micro), damped by beta 0.61, country premium for Finland. 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 Teleste Oyj that is -0.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Teleste Oyj (TLT1V) delivered so far?
Over the past 5 years revenue at Teleste Oyj grew -0.9 % a year. The price currently implies free-cash-flow growth of -0.1 % 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 Teleste Oyj (TLT1V) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Teleste Oyj (-0.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Teleste Oyj (TLT1V)?
The free-cash-flow yield on the price is 13.83 %: that much free cash flow Teleste Oyj produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Teleste Oyj (TLT1V)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Teleste Oyj it is €4.25 per share (as of Nov 9, 2026), against a price of €3.16. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Teleste Oyj stock overvalued or undervalued in 2026?
As of Nov 9, 2026, TLT1V trades below its calculated fair value: price €3.16, fair value €4.25, a gap of about +34% (undervalued). 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 TLT1V?
No. The price is what the market pays today (€3.16); the fair value is what the company's own numbers justify (€4.25). For Teleste Oyj the two are €1.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is Teleste Oyj worth?
The market values Teleste Oyj at about €57.9M (market capitalisation, as of Nov 9, 2026). Per share that is €3.16; our models calculate a fair value of €4.25 per share.
What do the bullish and bearish scenarios say about TLT1V?
Our models span a range for Teleste Oyj: cautious scenario €3.18, base €4.25, optimistic €5.31 per share (as of Nov 9, 2026, price €3.16). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TLT1V?
Teleste Oyj trades at a price-to-earnings ratio of 13.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €4.25 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2016 to 2025), reported earnings: 13.7. Other multiples: PEG 4.4, P/B 1.1, P/S 0.5, EV/EBITDA 10.2.
What is the PEG ratio of TLT1V?
The PEG ratio of Teleste Oyj is 4.45 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Teleste Oyj (TLT1V)?
Balance-sheet figures for Teleste Oyj (as of Nov 9, 2026): return on equity 7.6%, debt of 0.36 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is TLT1V from its 52-week high?
Teleste Oyj trades at €3.16, about 18% below its 52-week high of €3.86 and at the low of €3.16 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €4.25 is for.
Which stocks are comparable to Teleste Oyj?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, Inc, 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 Teleste Oyj stock attractive at the current price?
The data as of Nov 9, 2026: price €3.16, calculated fair value €4.25 (+34%), Quality Score 64/100, 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 TLT1V calculated?
We run Teleste Oyj through 24 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 €4.25 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. Teleste Oyj currently trades 26% below its own fair value, and the market average says nothing about that. 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 Teleste Oyj (TLT1V)?
The closing price on Nov 6, 2026 was €3.16. Our model-based fair value is €4.25, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Teleste Oyj right now?
Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Teleste Oyj
How large is the market capitalisation of Teleste Oyj (TLT1V)?
The market capitalisation of Teleste Oyj is €57.9M. 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 Teleste Oyj (TLT1V)?
The price-to-sales ratio of Teleste Oyj is 0.47 (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 Teleste Oyj (TLT1V)?
Earnings per share at Teleste Oyj are €0.2400 (price ÷ EPS = P/E 13.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Teleste Oyj (TLT1V)?
The dividend yield of Teleste Oyj is 2.5% (payout 33.3%). 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 Teleste Oyj (TLT1V)?
The net margin of Teleste Oyj is 3.2% (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 Teleste Oyj (TLT1V)?
The return on equity (ROE) of Teleste Oyj is 7.6% (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 Teleste Oyj (TLT1V)?
On an EBIT basis the return on assets of Teleste Oyj is 1.1% (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 Teleste Oyj (TLT1V)?
The operating margin of Teleste Oyj is 5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Teleste Oyj (TLT1V)?
Revenue at Teleste Oyj is growing −3.3% versus a year earlier (3y avg −5.6%). 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 Teleste Oyj (TLT1V)?
Earnings per share at Teleste Oyj are growing +250% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Teleste Oyj (TLT1V) carry?
The net debt of Teleste Oyj is €19.6M (fiscal year 2025, ≈ 2.4 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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Broad data
Nov 9, 2026