SPIE SA (0R8M) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of SPIE SA €28.57, price €41.23, upside -30.7%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch SPIE SA for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range €16.52 – €53.19 · fair‑value band €17.44 – €39.70 · the €41.23 price screens above the €28.57 fair value. Dashed = 300-day average. As of Sep 24, 2026.
SPIE SA provides multi-technical services in the areas of energy and communications in France, Germany, the Netherlands, and internationally. It operates through five segments: France, Germany, North-Western Europe, Central Europe, and Global Services Energy.
Show more
SPIE SA provides multi-technical services in the areas of energy and communications in France, Germany, the Netherlands, and internationally. It operates through five segments: France, Germany, North-Western Europe, Central Europe, and Global Services Energy. The company provides design, ICT consultancy and engineering, installation, maintenance and maintenance durability, technical facility management, and managed services. It also offers E-Mobility, smart packing, barriers, smart FM 360, energy efficiency, modernization, maintid, fabloop, IoT and data management, control room, ergonomie, and cybersecurity products. SPIE SA was founded in 1900 and is headquartered in Cergy-Pontoise, France.
Stock analysis
SPIE SA (0R8M) currently trades at €41.23, while our model-based Fair Value estimate is €28.57, 30.7% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of €57.38 per share, and 9 of the 24 models we run sit above the €41.23 price.
Bear case: the Earnings-Based group reads lowest at €7.54, and 15 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: €17.44 (bear) to €39.70 (bull), the price of €41.23 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 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SPIE SA reported revenue of €6.7B in FY2020 versus €5.0B in FY2016, a compound +7.7%/yr. Reported net income was €53.2M in FY2020, compounding −26.7%/yr from FY2016.
Key figures
Market cap €3.3B · P/S ratio 0.31 · Dividend yield 2.7% · Net margin 0.8% · Return on equity 15.1% · Return on assets (EBIT) 3.8% · Operating margin 4.4% · Revenue (TTM) €10.7B.
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 22% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −31%, 0R8M screens cheaper than that median.
Fair Value models
Bear €17.44Fair Value €28.57Bull €39.70
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.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.8%
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.
+2.8%
’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.
5.9% (2016) → 3.0% (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.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Machinery” was too small, so the broader sector is used.)Industrials · 5328 stocks
Beats the sector median on 5/12 measures
A mixed picture versus its sector peers.
Valuation
Quality Score52 · Below median
Fair Value upside−39.6% · Below median
Profitability
Return on equity (TTM)15.1% · Top 25%
Return on assets4.2% · Above median
Net margin (TTM)2.8% · Below median
Operating margin (TTM)4.4% · Below median
Growth and dividend
Revenue growth3.5% · Below median
Dividend yield (TTM)2.7% · Above median
Balance sheet
Debt / equity1.17× · Highest 25%
Valuation Multiplesvs Industrials 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). "SPIE SA Fair Value". https://www.fairvalue-calculator.com/stock/0R8M
Frequently asked questions
Is SPIE SA (0R8M) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €28.57 versus a price of €41.23, about −31% upside (overvalued).
What is the fair value of 0R8M?
Our model-based fair value for SPIE SA is €28.57 (as of Sep 24, 2026), built from audited fundamentals. The current price: €41.23.
What is the quality score of 0R8M?
SPIE SA has a Quality Score of 52/100. 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 SPIE SA (0R8M)?
Our model-based price target is the fair value of €28.57 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario €17.44, optimistic scenario €39.70. It is a calculation from audited fundamentals, not an analyst target.
What is the SPIE SA stock forecast for 2026?
Our models put fair value at €28.57, about −31% upside versus a price of €41.23 (overvalued). Cautious scenario €17.44, optimistic scenario €39.70. The calculation is refreshed regularly with new filings.
What is the revenue of SPIE SA (0R8M)?
SPIE SA reported trailing-twelve-month revenue of about €10.7B (latest available figure, as of Sep 24, 2026).
Does SPIE SA pay a dividend?
SPIE SA currently shows a dividend yield of about 2.67% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of SPIE SA (0R8M)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SPIE SA it is €28.57 per share (as of Sep 24, 2026), against a price of €41.23. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is SPIE SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0R8M trades above its calculated fair value: price €41.23, fair value €28.57, a gap of about −31% (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 0R8M?
No. The price is what the market pays today (€41.23); the fair value is what the company's own numbers justify (€28.57). For SPIE SA the two are €12.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is SPIE SA worth?
The market values SPIE SA at about €3.3B (market capitalisation, as of Sep 24, 2026). Per share that is €41.23; our models calculate a fair value of €28.57 per share.
What do the bullish and bearish scenarios say about 0R8M?
Our models span a range for SPIE SA: cautious scenario €17.44, base €28.57, optimistic €39.70 per share (as of Sep 24, 2026, price €41.23). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SPIE SA (0R8M)?
Balance-sheet figures for SPIE SA (as of Sep 24, 2026): return on equity 15.1%, debt of 1.17 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 0R8M from its 52-week high?
SPIE SA trades at €41.23, about 22% below its 52-week high of €52.80 and at the low of €41.08 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €28.57 is for.
Which stocks are comparable to SPIE SA?
From the same area (Industrials) we also value CHEMTECH, INLCM, Contemporary Amperex Technology Co, 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 SPIE SA stock attractive at the current price?
The data as of Sep 24, 2026: price €41.23, calculated fair value €28.57 (−31%), Quality Score 52/100, 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 0R8M calculated?
We run SPIE SA through 24 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 €28.57, 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. SPIE 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 SPIE SA (0R8M)?
The closing price on Oct 2, 2026 was €41.23. Our model-based fair value is €28.57, about −31% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SPIE SA right now?
The price sits above even our optimistic bull case (€39.70). 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 (52/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€17.44 to €39.70) leaves room in how you read the outcome.
Key figures of SPIE SA
How large is the market capitalisation of SPIE SA (0R8M)?
The market capitalisation of SPIE SA is €3.3B. 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 SPIE SA (0R8M)?
The price-to-sales ratio of SPIE SA is 0.31 (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 SPIE SA (0R8M)?
The dividend yield of SPIE SA is 2.7%. 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 SPIE SA (0R8M)?
The net margin of SPIE SA is 0.8% (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 SPIE SA (0R8M)?
The return on equity (ROE) of SPIE SA is 15.1% (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 SPIE SA (0R8M)?
On an EBIT basis the return on assets of SPIE SA is 3.8% (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 SPIE SA (0R8M)?
The operating margin of SPIE SA is 4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SPIE SA (0R8M)?
Revenue at SPIE SA is growing +3.5% versus a year earlier (3y avg +2.8%). 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 SPIE SA (0R8M)?
Earnings per share at SPIE SA are growing −11.3% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch SPIE SA in the live analysis
One click puts SPIE SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
