NORMA Group (0P38) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of NORMA Group €3.74, price €17.21, upside -78.3%, quality 51 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 €8.81 – €39.93 · fair‑value band €3.46 – €4.16 · the €17.21 price screens above the €3.74 fair value. Dashed = 300-day average. As of Sep 24, 2026.
NORMA Group SE, together with its subsidiaries, manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company provides quick connectors, pipe clamps, plastic connectors, retain and fix solutions.
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NORMA Group SE, together with its subsidiaries, manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company provides quick connectors, pipe clamps, plastic connectors, retain and fix solutions. It sells its products to distributors, specialized wholesalers, smaller industrial sectors, original equipment manufacturers, doit-yourself stores under the ABA, Breeze, Clamp-All, CONNECTORS, Gemi, NORMA, R.G.RAY, Serflex, and TORCA brand names. In addition, it provides water and thermal management. Further, the company's products are used in automotive, commercial vehicle and aviation industries, the infrastructure and industrial project business, shipbuilding and mechanical engineering, as well as the drinking water and irrigation industries and agriculture markets. NORMA Group SE was founded in 1896 and is headquartered in Maintal, Germany.
Stock analysis
NORMA Group (0P38) currently trades at €17.21, while our model-based Fair Value estimate is €3.74, 78.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of €6.76 per share, and 1 of the 21 models we run sit above the €17.21 price.
Bear case: the Earnings-Based group reads lowest at €0.8100, and 20 of the 21 models stay below the price. Evidence for this calculation is low.
Scenario range: €3.46 (bear) to €4.16 (bull), the price of €17.21 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 51/100 (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.
NORMA Group reported revenue of €952M in FY2020 versus €895M in FY2016, a compound +1.6%/yr. Reported net income was €5.7M in FY2020, compounding −47.7%/yr from FY2016.
Key figures
Market cap €1.0B · P/S ratio 1.24 · Dividend yield 0.8% · Net margin 0.6% · Return on equity −12.7% · Return on assets (EBIT) 7.3% · Operating margin 0.9% · Revenue (TTM) €813M.
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 17% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −24% fair-value upside, at −78%, 0P38 screens richer than that median.
Fair Value models
Bear €3.46Fair Value €3.74Bull €4.16
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.4%
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.
−2.2%
’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.
13.4% (2016) → 2.1% (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.Aerospace & Defense · 227 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−88.1% · Bottom 25%
Profitability
Return on assets−3.3% · Bottom 25%
Net margin (TTM)28.6% · Top 25%
Operating margin (TTM)0.9% · Bottom 25%
Growth and dividend
Revenue growth−5.7% · Bottom 25%
Dividend yield (TTM)0.8% · Below median
Balance sheet
Debt / equity0.66× · Highest 25%
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
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Cite: Fair Value Calculator (2026). "NORMA Group Fair Value". https://www.fairvalue-calculator.com/stock/0P38
Frequently asked questions
Is NORMA Group (0P38) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €3.74 versus a price of €17.21, about −78% upside (overvalued).
What is the fair value of 0P38?
Our model-based fair value for NORMA Group is €3.74 (as of Sep 24, 2026), built from audited fundamentals. The current price: €17.21.
What is the quality score of 0P38?
NORMA Group has a Quality Score of 51/100. 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 NORMA Group (0P38)?
Our model-based price target is the fair value of €3.74 (as of Sep 24, 2026) from 21 valuation models. Cautious scenario €3.46, optimistic scenario €4.16. It is a calculation from audited fundamentals, not an analyst target.
What is the NORMA Group stock forecast for 2026?
Our models put fair value at €3.74, about −78% upside versus a price of €17.21 (overvalued). Cautious scenario €3.46, optimistic scenario €4.16. The calculation is refreshed regularly with new filings.
What is the revenue of NORMA Group (0P38)?
NORMA Group reported trailing-twelve-month revenue of about €813M (latest available figure, as of Sep 24, 2026).
Does NORMA Group pay a dividend?
NORMA Group currently shows a dividend yield of about 0.81% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of NORMA Group (0P38)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NORMA Group it is €3.74 per share (as of Sep 24, 2026), against a price of €17.21. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is NORMA Group stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0P38 trades above its calculated fair value: price €17.21, fair value €3.74, a gap of about −78% (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 0P38?
No. The price is what the market pays today (€17.21); the fair value is what the company's own numbers justify (€3.74). For NORMA Group the two are €13.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is NORMA Group worth?
The market values NORMA Group at about €1.0B (market capitalisation, as of Sep 24, 2026). Per share that is €17.21; our models calculate a fair value of €3.74 per share.
What do the bullish and bearish scenarios say about 0P38?
Our models span a range for NORMA Group: cautious scenario €3.46, base €3.74, optimistic €4.16 per share (as of Sep 24, 2026, price €17.21). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of NORMA Group (0P38)?
Balance-sheet figures for NORMA Group (as of Sep 24, 2026): return on equity −12.7%, debt of 0.66 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 0P38 from its 52-week high?
NORMA Group trades at €17.21, about 17% below its 52-week high of €20.75 and 38% above the low of €12.45 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €3.74 is for.
Which stocks are comparable to NORMA Group?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, 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 NORMA Group stock attractive at the current price?
The data as of Sep 24, 2026: price €17.21, calculated fair value €3.74 (−78%), Quality Score 51/100, from 21 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 0P38 calculated?
We run NORMA Group through 21 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 €3.74, 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. NORMA Group 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 NORMA Group (0P38)?
The closing price on Oct 2, 2026 was €17.21. Our model-based fair value is €3.74, about −78% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NORMA Group right now?
The price sits above even our optimistic bull case (€4.16). The favourable scenario is already priced in. 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 but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of NORMA Group
How large is the market capitalisation of NORMA Group (0P38)?
The market capitalisation of NORMA Group is €1.0B. 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 NORMA Group (0P38)?
The price-to-sales ratio of NORMA Group is 1.24 (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 NORMA Group (0P38)?
The dividend yield of NORMA Group is 0.8%. 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 NORMA Group (0P38)?
The net margin of NORMA Group is 0.6% (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 NORMA Group (0P38)?
The return on equity (ROE) of NORMA Group is −12.7% (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 NORMA Group (0P38)?
On an EBIT basis the return on assets of NORMA Group is 7.3% (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 NORMA Group (0P38)?
The operating margin of NORMA Group is 0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NORMA Group (0P38)?
Revenue at NORMA Group is growing −5.7% versus a year earlier (3y avg −2.2%). 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 NORMA Group (0P38)?
Earnings per share at NORMA Group are growing −21.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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