Bilfinger SE (0NRG) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Bilfinger SE €109, price €56.55, upside +93.5%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 €19.63 – €123.95 · fair‑value band €82.07 – €136.78 · the €56.55 price screens below the €109.43 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Bilfinger SE provides industrial services to customers in the process industry primarily in Europe, North America, and the Middle East. It operates through three segments: Engineering & Maintenance Europe; Engineering & Maintenance International; and Technologies.
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Bilfinger SE provides industrial services to customers in the process industry primarily in Europe, North America, and the Middle East. It operates through three segments: Engineering & Maintenance Europe; Engineering & Maintenance International; and Technologies. The company offers engineering, project, maintenance, turnaround, rotating equipment, inspection, insulation, scaffolding, corrosion protection, mechanical, electrical, instrumentation, control, digital services, and decommissioning of nuclear power plants. It also provides services in the field of nuclear energy, battery production, district heating and waste heat, hydropower, waste recycling and wastewater treatment, hydrogen, carbon capture and storage, wind power, biogas, and environmental tech. In addition, the company offers consulting and engineering; prefabrication and installation; and access and insulation services, as well as maintenance, engineering, extension, new construction, and operation of industrial plants. The company serves customers in energy, chemicals and petrochemicals, pharma and biopharma, and oil and gas industries. Bilfinger SE was founded in 1880 and is headquartered in Mannheim, Germany.
Stock analysis
Bilfinger SE (0NRG) currently trades at €56.55, while our model-based Fair Value estimate is €109.43, implying the stock looks roughly 48.3% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €79.99 per share, and 12 of the 20 models we run sit above the €56.55 price.
Bear case: the Dividend Discount group reads lowest at €14.95, and 8 of the 20 models stay below the price. Evidence for this calculation is low.
Scenario range: €82.07 (bear) to €136.78 (bull), the price of €56.55 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 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.
Bilfinger SE reported revenue of €3.5B in FY2020 versus €4.2B in FY2016, a compound −5.0%/yr. Reported net income was €99.5M in FY2020, compounding −22.1%/yr from FY2016.
Key figures
Market cap €1.3B · P/S ratio 0.24 · Dividend yield 5.0% · Net margin 2.9% · Return on equity 13.7% · Return on assets (EBIT) −2.2% · Operating margin 4.3% · Revenue (TTM) €5.5B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 94%, 0NRG screens cheaper than that median.
Fair Value models
Bear €82.07Fair Value €109.43Bull €136.78
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.38/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−20.0%
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.
−5.1%
’16
’17
’18
’19
’20
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.
−5.4% (2016) → −1.9% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
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.Engineering & Construction · 779 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+34.5% · Above median
Profitability
Return on equity (TTM)13.7% · Above median
Return on assets4.9% · Above median
Net margin (TTM)3.3% · Below median
Operating margin (TTM)4.3% · Below median
Growth and dividend
Revenue growth3.6% · Below median
Dividend yield (TTM)5.0% · Top 25%
Balance sheet
Debt / equity0.31× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Bilfinger SE Fair Value". https://www.fairvalue-calculator.com/stock/0NRG
Frequently asked questions
Is Bilfinger SE (0NRG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €109.43 versus a price of €56.55, about +94% upside (undervalued).
What is the fair value of 0NRG?
Our model-based fair value for Bilfinger SE is €109.43 (as of Sep 24, 2026), built from audited fundamentals. The current price: €56.55.
What is the quality score of 0NRG?
Bilfinger SE 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 Bilfinger SE (0NRG)?
Our model-based price target is the fair value of €109.43 (as of Sep 24, 2026) from 20 valuation models. Cautious scenario €82.07, optimistic scenario €136.78. It is a calculation from audited fundamentals, not an analyst target.
What is the Bilfinger SE stock forecast for 2026?
Our models put fair value at €109.43, about +94% upside versus a price of €56.55 (undervalued). Cautious scenario €82.07, optimistic scenario €136.78. The calculation is refreshed regularly with new filings.
What is the revenue of Bilfinger SE (0NRG)?
Bilfinger SE reported trailing-twelve-month revenue of about €5.5B (latest available figure, as of Sep 24, 2026).
Does Bilfinger SE pay a dividend?
Bilfinger SE currently shows a dividend yield of about 4.95% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Bilfinger SE (0NRG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bilfinger SE it is €109.43 per share (as of Sep 24, 2026), against a price of €56.55. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Bilfinger SE stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0NRG trades below its calculated fair value: price €56.55, fair value €109.43, a gap of about +94% (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 0NRG?
No. The price is what the market pays today (€56.55); the fair value is what the company's own numbers justify (€109.43). For Bilfinger SE the two are €52.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bilfinger SE worth?
The market values Bilfinger SE at about €1.3B (market capitalisation, as of Sep 24, 2026). Per share that is €56.55; our models calculate a fair value of €109.43 per share.
What do the bullish and bearish scenarios say about 0NRG?
Our models span a range for Bilfinger SE: cautious scenario €82.07, base €109.43, optimistic €136.78 per share (as of Sep 24, 2026, price €56.55). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bilfinger SE (0NRG)?
Balance-sheet figures for Bilfinger SE (as of Sep 24, 2026): return on equity 13.7%, debt of 0.31 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 0NRG from its 52-week high?
Bilfinger SE trades at €56.55, about 54% below its 52-week high of €123.95 and 2% above the low of €55.70 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €109.43 is for.
Which stocks are comparable to Bilfinger SE?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Bilfinger SE stock attractive at the current price?
The data as of Sep 24, 2026: price €56.55, calculated fair value €109.43 (+94%), Quality Score 56/100, from 20 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 0NRG calculated?
We run Bilfinger SE through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €109.43, 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 14.5 % above its aggregate fair value. Bilfinger SE currently trades 48 % 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 Bilfinger SE (0NRG)?
The closing price on Oct 2, 2026 was €56.55. Our model-based fair value is €109.43, about +94% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bilfinger SE right now?
The price is below even our cautious bear case (€82.07). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Bilfinger SE
How large is the market capitalisation of Bilfinger SE (0NRG)?
The market capitalisation of Bilfinger SE is €1.3B. 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 Bilfinger SE (0NRG)?
The price-to-sales ratio of Bilfinger SE is 0.24 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Bilfinger SE (0NRG)?
The dividend yield of Bilfinger SE is 5.0%. 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 Bilfinger SE (0NRG)?
The net margin of Bilfinger SE is 2.9% (fiscal year 2020). 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 Bilfinger SE (0NRG)?
The return on equity (ROE) of Bilfinger SE is 13.7% (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 Bilfinger SE (0NRG)?
On an EBIT basis the return on assets of Bilfinger SE is −2.2% (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 Bilfinger SE (0NRG)?
The operating margin of Bilfinger SE is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bilfinger SE (0NRG)?
Revenue at Bilfinger SE is growing +3.6% versus a year earlier (3y avg −5.1%). 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 Bilfinger SE (0NRG)?
Earnings per share at Bilfinger SE are growing +17.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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