Talgo S.A. (0R99) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Talgo S.A. €0.56, price €2.38, upside -76.5%, quality 46 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 €2.37 – €5.23 · fair‑value band €0.4200 – €0.7000 · the €2.38 price screens above the €0.5600 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Talgo, S.A. engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide. The company offers high speed, intercity, commuter and regional, and locomotive railway products.
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Talgo, S.A. engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide. The company offers high speed, intercity, commuter and regional, and locomotive railway products. It is also involved in the manufacture, delivery, and maintenance of commercialized rolling stock, auxiliary and other, machines, such as pit lathes, measuring equipment, and shunting cars, as well as rolling stock renovations/remodelling. Talgo, S.A. was formerly known as Pegaso Rail International, S.A. The company was founded in 1942 and is headquartered in Madrid, Spain.
Stock analysis
Talgo S.A. (0R99) currently trades at €2.38, while our model-based Fair Value estimate is €0.5600, 76.5% 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 €0.7200 per share, and 0 of the 4 models we run sit above the €2.38 price.
Bear case: the Dividend Discount group reads lowest at €0.0900, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: €0.4200 (bear) to €0.7000 (bull), the price of €2.38 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 46/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Talgo S.A. reported revenue of €487M in FY2020 versus €580M in FY2016, a compound −4.3%/yr. Reported net income was −€17.4M in FY2020.
Key figures
Market cap €570M · P/S ratio 0.78 · Dividend yield 0.3% · Net margin −3.6% · Return on equity −39.2% · Return on assets (EBIT) 6.0% · Operating margin 3.1% · Revenue (TTM) €726M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 24% 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 −77%, 0R99 screens richer than that median.
Fair Value models
Bear €0.4200Fair Value €0.5600Bull €0.7000
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.22/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+21.3%
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.
+8.2%
’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.
15.1% (2016) → −0.7% (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 sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Railroad Equipment” was too small, so the broader sector is used.)Industrials · 5328 stocks
Beats the sector median on 2/10 measures
Overall it trails its sector peers.
Valuation
Quality Score46 · Below median
Fair Value upside−76.5% · Bottom 25%
Profitability
Return on assets0.4% · Below median
Net margin (TTM)−8.3% · Bottom 25%
Operating margin (TTM)3.1% · Below median
Growth and dividend
Revenue growth38.7% · Top 25%
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.93× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
P/B2.49× · Pricier than median
P/S (TTM)0.88× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 17
FUTURE (revenue growth)100· sector 36
PAST (return on equity)0· sector 29
HEALTH (low debt)54· sector 94
DIVIDEND (yield)6· sector 37
VALUE 0: the price sits above our fair-value range.
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). "Talgo S.A. Fair Value". https://www.fairvalue-calculator.com/stock/0R99
Frequently asked questions
Is Talgo S.A. (0R99) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €0.5600 versus a price of €2.38, about −77% upside (overvalued).
What is the fair value of 0R99?
Our model-based fair value for Talgo S.A. is €0.5600 (as of Sep 24, 2026), built from audited fundamentals. The current price: €2.38.
What is the quality score of 0R99?
Talgo S.A. has a Quality Score of 46/100. 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 Talgo S.A. (0R99)?
Our model-based price target is the fair value of €0.5600 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario €0.4200, optimistic scenario €0.7000. It is a calculation from audited fundamentals, not an analyst target.
What is the Talgo S.A. stock forecast for 2026?
Our models put fair value at €0.5600, about −77% upside versus a price of €2.38 (overvalued). Cautious scenario €0.4200, optimistic scenario €0.7000. The calculation is refreshed regularly with new filings.
What is the revenue of Talgo S.A. (0R99)?
Talgo S.A. reported trailing-twelve-month revenue of about €726M (latest available figure, as of Sep 24, 2026).
Does Talgo S.A. pay a dividend?
Talgo S.A. currently shows a dividend yield of about 0.30% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Talgo S.A. (0R99)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Talgo S.A. it is €0.5600 per share (as of Sep 24, 2026), against a price of €2.38. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Talgo S.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0R99 trades above its calculated fair value: price €2.38, fair value €0.5600, a gap of about −77% (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 0R99?
No. The price is what the market pays today (€2.38); the fair value is what the company's own numbers justify (€0.5600). For Talgo S.A. the two are €1.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is Talgo S.A. worth?
The market values Talgo S.A. at about €570M (market capitalisation, as of Sep 24, 2026). Per share that is €2.38; our models calculate a fair value of €0.5600 per share.
What do the bullish and bearish scenarios say about 0R99?
Our models span a range for Talgo S.A.: cautious scenario €0.4200, base €0.5600, optimistic €0.7000 per share (as of Sep 24, 2026, price €2.38). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Talgo S.A. (0R99)?
Balance-sheet figures for Talgo S.A. (as of Sep 24, 2026): return on equity −39.2%, debt of 0.93 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 0R99 from its 52-week high?
Talgo S.A. trades at €2.38, about 24% below its 52-week high of €3.15 and at the low of €2.37 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €0.5600 is for.
Which stocks are comparable to Talgo S.A.?
From the same area (Industrials) we also value ORIRAIL, INTEGRAEN, 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 Talgo S.A. stock attractive at the current price?
The data as of Sep 24, 2026: price €2.38, calculated fair value €0.5600 (−77%), Quality Score 46/100, from 4 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 0R99 calculated?
We run Talgo S.A. through 4 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 €0.5600, 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. Talgo S.A. 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 Talgo S.A. (0R99)?
The closing price on Oct 2, 2026 was €2.38. Our model-based fair value is €0.5600, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Talgo S.A. right now?
The price sits above even our optimistic bull case (€0.7000). 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 (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Talgo S.A.
How large is the market capitalisation of Talgo S.A. (0R99)?
The market capitalisation of Talgo S.A. is €570M. 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 Talgo S.A. (0R99)?
The price-to-sales ratio of Talgo S.A. is 0.78 (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 Talgo S.A. (0R99)?
The dividend yield of Talgo S.A. is 0.3%. 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 Talgo S.A. (0R99)?
The net margin of Talgo S.A. is −3.6% (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 Talgo S.A. (0R99)?
The return on equity (ROE) of Talgo S.A. is −39.2% (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 Talgo S.A. (0R99)?
On an EBIT basis the return on assets of Talgo S.A. is 6.0% (avg 4y). 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 Talgo S.A. (0R99)?
The operating margin of Talgo S.A. is 3.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Talgo S.A. (0R99)?
Revenue at Talgo S.A. is growing +38.7% versus a year earlier (3y avg +8.2%). 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 Talgo S.A. (0R99)?
Earnings per share at Talgo S.A. are growing +107% versus a year earlier. How much earnings per share grew versus a year earlier.
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