EVN AG (0EEI) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of EVN AG €15.16, price €28.93, upside -47.6%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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EVN AG
0EEI · LSEStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range €13.80 – €30.30 · fair‑value band €15.16 – €24.00 · the €28.93 price screens above the €15.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
EVN AG provides energy and environmental services in Austria, Bulgaria, North Macedonia, Croatia, Germany, and Albania. The company operates through Energy, Generation, Networks, South East Europe, Environmental, and All Other segments.
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EVN AG provides energy and environmental services in Austria, Bulgaria, North Macedonia, Croatia, Germany, and Albania. The company operates through Energy, Generation, Networks, South East Europe, Environmental, and All Other segments. It is involved in energy generation; operation of distribution networks; production and supply of electricity, natural gas, and heat to end customers, as well as investment activities. The company also offers environmental services, such as supply of drinking water; procures, trades, markets, and sells electricity, natural gas, and primary energy carriers to end customers and wholesale markets. In addition, it plans, constructs, finances, and/or operates water supply, wastewater treatment, and thermal waste utilization services; provides internet and telecommunication services; generates electricity from renewable energy, hydropower, and photovoltaics; and constructs and operates natural gas networks. The company was founded in 1922 and is based in Maria Enzersdorf, Austria. EVN AG operates as a subsidiary of NÖ Landes-Beteiligungsholding GmbH.
Stock analysis
EVN AG (0EEI) currently trades at €28.93, while our model-based Fair Value estimate is €15.16, 47.6% 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 €34.71 per share, and 6 of the 22 models we run sit above the €28.93 price.
Bear case: the Earnings-Based group reads lowest at €7.89, and 16 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: €15.16 (bear) to €24.00 (bull), the price of €28.93 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 53/100 (solid quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
EVN AG reported revenue of €3.0B in FY2025 versus €2.4B in FY2021, a compound +5.4%/yr. Reported net income was €437M in FY2025, compounding +7.6%/yr from FY2021.
Key figures
Market cap €5.2B · P/E ratio 0.1 · P/S ratio 0.02 · EPS (TTM) €1.55 · Dividend yield 3.1% · Net margin 14.6% · Return on equity 8.1% · Return on assets (EBIT) 3.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −47% fair-value upside, at −48%, 0EEI screens richer than that median.
Fair Value models
All 22 models by family
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Set up alert →Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 67
Revenue & earnings trend
Growth Forecast
0EEI screens overvalued: fair value 48% below the price. Compare with Iberdrola, S.A →
Compare EVN AG 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.Utilities - Diversified · 49 stocks
Valuation Multiplesvs Utilities - Diversified median · lower = cheaper
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- Undervalued stocks: UK Stocks
- Valuation of the UK 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 Utilities - Diversified stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Iberdrola, S.A IBE | €20.73 | €9.92 | −52% |
| Enel SpA ENEL | €8.67 | €3.30 | −62% |
| Engie SA ENGI | €22.52 | €20.64 | −8% |
| RWE Aktiengesellschaft generates and RWE | €59.10 | €43.37 | −27% |
| Sempra SRE | $78.05 | $43.34 | −44% |
| E.ON SE EOAN | €17.02 | €8.95 | −47% |
| ACWA Power Company 2082 | 171.00 SAR | 27.47 SAR | −84% |
| Brookfield Infrastructure Partners L.P. BIP | $35.79 | $18.02 | −50% |
| EnBW Energie Baden-Württemberg AG EBK | €68.00 | €21.11 | −69% |
| EDP, S.A EDP | €4.84 | €3.81 | −21% |
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Key figures of EVN AG
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