Alstom PK (ALSMY) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Alstom PK $2.17, price $1.64, upside +32.3%, quality 41 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 $1.08 – $4.71 · fair‑value band $1.41 – $3.10 · the $1.64 price screens below the $2.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Alstom SA provides solutions for rail transport industry in Europe, the Americas, the Asia Pacific, the Middle East, Central Asia, and Africa.
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Alstom SA provides solutions for rail transport industry in Europe, the Americas, the Asia Pacific, the Middle East, Central Asia, and Africa. The company offers rolling stock solutions comprising people movers and monorails, light rails, metros, commuter and regional trains, high-speed trains, and locomotives; asset optimization, connectivity, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling. It also provides APM, monorail, tram, metro, and main line systems; and tracklaying and track, catenary free and ground feeding, electrification, cybersecurity, and engineering consultancy solutions, as well as electromechanical equipment. In addition, the company offers rail maintenance, modernization, overhaul, parts, repair and overhauls, and support services. Further, it provides various components, including bogies, motors, dampers, brake friction products, switchgears, traction and auxiliary converters, transformers, green traction solutions, interiors, and train control and information systems. The company offers its products and solutions to original equipment manufacturers, operators, and asset owners. Alstom SA was founded in 1928 and is based in Saint-Ouen, France.
Stock analysis
Alstom PK (ALSMY) currently trades at $1.64, while our model-based Fair Value estimate is $2.17, implying the stock looks roughly 24.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $2.13 per share, and 17 of the 25 models we run sit above the $1.64 price.
Bear case: the Earnings-Based group reads lowest at $1.16, and 8 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: $1.41 (bear) to $3.10 (bull), the price of $1.64 sits inside 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 41/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Alstom PK reported revenue of €19.3B in FY2026 versus €15.5B in FY2022, a compound +5.7%/yr. Reported net income was €564M in FY2026.
Key figures
Market cap $8.3B · P/E ratio 23.4 · P/S ratio 0.68 · EPS (TTM) $0.0700 · Dividend yield 0.5% · Net margin 2.9% · Return on equity 3.4% · Return on assets (EBIT) 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 53% 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 0% fair-value upside, at 32%, ALSMY screens cheaper than that median.
Fair Value models
Bear $1.41Fair Value $2.17Bull $3.10
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. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then ($0.0339 per share) are deliberately not added.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.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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.4%
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.
+5.3%
Revenue growth 5 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.
+17.0%
Start year 2021 (pandemic). Over 10 years: +10.9% a year
Revenue growth 28 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.
+2.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−2.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.0%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3% vs −14%, picking up
Profit margin 2021 to 2026 ⓘ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%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +11.2% a year for the price and +2.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
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.Railroads · 113 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+28% · Above median
Profitability
Return on equity (TTM)3% · Below median
Return on assets1% · Bottom 25%
Net margin (TTM)2% · Bottom 25%
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth4% · Above median
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.19× · Below median
Valuation Multiplesvs Railroads median · lower = cheaper
P/E (TTM)23.4× · Pricier than median
P/B0.74× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Alstom PK Fair Value". https://www.fairvalue-calculator.com/stock/ALSMY
Frequently asked questions
Is Alstom PK (ALSMY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $2.17 versus a price of $1.64, about +32% upside (undervalued).
What is the fair value of ALSMY?
Our model-based fair value for Alstom PK is $2.17 (as of Sep 24, 2026), built from audited fundamentals. The current price: $1.64.
What is the quality score of ALSMY?
Alstom PK has a Quality Score of 41/100. 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 Alstom PK (ALSMY)?
Our model-based price target is the fair value of $2.17 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario $1.41, optimistic scenario $3.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Alstom PK stock forecast for 2026?
Our models put fair value at $2.17, about +32% upside versus a price of $1.64 (undervalued). Cautious scenario $1.41, optimistic scenario $3.10. The calculation is refreshed regularly with new filings.
What is the revenue of Alstom PK (ALSMY)?
Alstom PK reported trailing-twelve-month revenue of about $19.2B (latest available figure, as of Sep 24, 2026).
Does Alstom PK pay a dividend?
Alstom PK currently shows a dividend yield of about 0.46% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Alstom PK (ALSMY)?
For today's price to be fair in a discounted-cash-flow model, Alstom PK would have to grow free cash flow by +13.8 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ALSMY use?
Our models discount Alstom PK at 9.9 %: a base by market capitalisation (mid), damped by beta 1.06, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Alstom PK that is +13.8 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Alstom PK (ALSMY) delivered so far?
Over the past 5 years revenue at Alstom PK grew +17.1 % a year. The price currently implies +13.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Alstom PK (ALSMY) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Alstom PK (+13.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Alstom PK (ALSMY)?
The free-cash-flow yield on the price is 4.31 %: that much free cash flow Alstom PK produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Alstom PK (ALSMY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alstom PK it is $2.17 per share (as of Sep 24, 2026), against a price of $1.64. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Alstom PK stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ALSMY trades below its calculated fair value: price $1.64, fair value $2.17, a gap of about +32% (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 ALSMY?
No. The price is what the market pays today ($1.64); the fair value is what the company's own numbers justify ($2.17). For Alstom PK the two are $0.5300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Alstom PK worth?
The market values Alstom PK at about $8.3B (market capitalisation, as of Sep 24, 2026). Per share that is $1.64; our models calculate a fair value of $2.17 per share.
What do the bullish and bearish scenarios say about ALSMY?
Our models span a range for Alstom PK: cautious scenario $1.41, base $2.17, optimistic $3.10 per share (as of Sep 24, 2026, price $1.64). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALSMY?
Alstom PK trades at a price-to-earnings ratio of 23.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $2.17 is built from several models across several years. Other multiples: PEG 0.5, P/B 0.7, P/S 0.4, EV/EBITDA 6.5.
What is the PEG ratio of ALSMY?
The PEG ratio of Alstom PK is 0.52 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Alstom PK (ALSMY)?
Balance-sheet figures for Alstom PK (as of Sep 24, 2026): return on equity 3.4%, debt of 0.19 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is ALSMY from its 52-week high?
Alstom PK trades at $1.64, about 53% below its 52-week high of $3.50 and at the low of $1.64 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $2.17 is for.
Which stocks are comparable to Alstom PK?
From the same area (Industrials) we also value Union Pacific Corporation, CSX Corporation, Canadian Pacific Kansas City Limited, Norfolk Southern 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 Alstom PK stock attractive at the current price?
The data as of Sep 24, 2026: price $1.64, calculated fair value $2.17 (+32%), Quality Score 41/100, from 25 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 ALSMY calculated?
We run Alstom PK through 25 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 $2.17, 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 14.1 % above its aggregate fair value. Alstom PK currently trades 32 % 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 Alstom PK (ALSMY)?
The closing price on Sep 23, 2026 was $1.64. Our model-based fair value is $2.17, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alstom PK right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. A fairly wide model range ($1.41 to $3.10) leaves room in how you read the outcome.
Where does the earnings growth of Alstom PK (ALSMY) come from?
Earnings per share at Alstom PK grew −20.6 % a year from 2016 to 2026. Broken into its drivers: revenue per share +4.7 %, EBIT margin −5.6 %, tax rate −2.9 %, residual (interest, one-offs) −17.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Alstom PK
How large is the market capitalisation of Alstom PK (ALSMY)?
The market capitalisation of Alstom PK is $8.3B. 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 Alstom PK (ALSMY)?
The price-to-sales ratio of Alstom PK is 0.68 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Alstom PK (ALSMY)?
Earnings per share at Alstom PK are $0.0700 (price ÷ EPS = P/E 23.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alstom PK (ALSMY)?
The dividend yield of Alstom PK is 0.5% (payout 10.7%). 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 Alstom PK (ALSMY)?
The net margin of Alstom PK is 2.9% (fiscal year 2026). 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 Alstom PK (ALSMY)?
The return on equity (ROE) of Alstom PK is 3.4% (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 Alstom PK (ALSMY)?
On an EBIT basis the return on assets of Alstom PK is 1.2% (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 Alstom PK (ALSMY)?
The operating margin of Alstom PK is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alstom PK (ALSMY)?
Revenue at Alstom PK is growing +4.1% versus a year earlier (3y avg +5.3%). 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 Alstom PK (ALSMY)?
Earnings per share at Alstom PK are growing −29.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Alstom PK (ALSMY) carry?
The net debt of Alstom PK is $1.3B (fiscal year 2026, ≈ 3.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 24, 2026