Altarea SCA (ALTA) fair value: what the stock is really worth
We calculate from audited financials what Altarea SCA is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 13, 2026.
How to read this chart
60‑month range €56.39 – €153.47 · fair‑value band €26.16 – €35.49 · the €84.50 price screens above the €35.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Altarea SCA is the French leader in low-carbon urban transformation, offering the most comprehensive real estate services of the City and its stakeholders. The Group has for each of its activities all the know-how and brands recognized brands to design, develop, market, and manage tailor-made real estate products.
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Altarea SCA is the French leader in low-carbon urban transformation, offering the most comprehensive real estate services of the City and its stakeholders. The Group has for each of its activities all the know-how and brands recognized brands to design, develop, market, and manage tailor-made real estate products. Altarea is listed on compartment A of Euronext Paris. Altarea SCA was incorporated in 1994 in France.
Stock analysis
Altarea SCA (ALTA) currently trades at €84.50, while our model-based Fair Value estimate is €35.06, implying the stock looks roughly 141.0% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of €109.49 per share, and 3 of the 9 models we run sit above the €84.50 price.
Bear case: the Multiples group reads lowest at €31.36, and 6 of the 9 models stay below the price. Evidence for this calculation is medium.
Scenario range: €26.16 (bear) to €35.49 (bull), the price of €84.50 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 21/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Altarea SCA reported revenue of €2.1B in FY2025 versus €2.8B in FY2021, a compound −7.2%/yr. Reported net income was €8.4M in FY2025, compounding −41.6%/yr from FY2021.
Key figures
Market cap €2.4B · P/E ratio 228.4 · P/S ratio 0.92 · EPS (TTM) €0.3700 · Dividend yield 6.6% · Net margin 0.4% · Return on equity 2.3% · Return on assets (EBIT) 3.0%.
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 36% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −24% fair-value upside, at −59%, ALTA screens richer than that median.
Fair Value models
Bear €26.16Fair Value €35.06Bull €35.49
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.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
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
−1.2%
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.
−1.2%
Revenue growth 20 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.
+22.2%
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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.
−54.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−61.2%
Dividend (yield on the price)6.6%
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.−61% vs −37%, slowing
Profit margin 2020 to 2025 ⓘ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.9% → 9%
⚠ Revenue per share shrinking 14.1%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.REIT - Residential · 46 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score22 · Bottom 25%
Profitability
Return on equity (TTM)2% · Above median
Return on assets1% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)7% · Below median
Growth and dividend
Revenue growth−30% · Bottom 25%
Dividend yield (TTM)6.6% · Top 25%
Balance sheet
Debt / equity1.20× · Above median
Valuation Multiplesvs REIT - Residential median · lower = cheaper
P/E (TTM)228.4× · Priciest 25%
P/B1.71× · Pricier than median
P/S (TTM)1.39× · Cheapest 25%
EV/EBITDA22.6× · Priciest 25%
PEG2.83× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)0· sector 12
PAST (return on equity)9· sector 6
HEALTH (low debt)40· sector 62
DIVIDEND (yield)100· sector 82
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). "Altarea SCA Fair Value". https://www.fairvalue-calculator.com/stock/ALTA
Frequently asked questions
Is Altarea SCA (ALTA) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of €35.06 versus a price of €84.50, about −59% upside (overvalued).
What is the fair value of ALTA?
Our model-based fair value for Altarea SCA is €35.06 (as of Sep 13, 2026), built from audited fundamentals. The current price: €84.50.
What is the quality score of ALTA?
Altarea SCA has a Quality Score of 21/100. 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 Altarea SCA (ALTA)?
Our model-based price target is the fair value of €35.06 (as of Sep 13, 2026) from 9 valuation models. Cautious scenario €26.16, optimistic scenario €35.49. It is a calculation from audited fundamentals, not an analyst target.
What is the Altarea SCA stock forecast for 2026?
Our models put fair value at €35.06, about −59% upside versus a price of €84.50 (overvalued). Cautious scenario €26.16, optimistic scenario €35.49. The calculation is refreshed regularly with new filings.
What is the revenue of Altarea SCA (ALTA)?
Altarea SCA reported trailing-twelve-month revenue of about €2.0B (latest available figure, as of Sep 13, 2026).
Does Altarea SCA pay a dividend?
Altarea SCA currently shows a dividend yield of about 6.55% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Altarea SCA (ALTA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Altarea SCA it is €35.06 per share (as of Sep 13, 2026), against a price of €84.50. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Altarea SCA stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ALTA trades above its calculated fair value: price €84.50, fair value €35.06, a gap of about −59% (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 ALTA?
No. The price is what the market pays today (€84.50); the fair value is what the company's own numbers justify (€35.06). For Altarea SCA the two are €49.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Altarea SCA worth?
The market values Altarea SCA at about €2.4B (market capitalisation, as of Sep 13, 2026). Per share that is €84.50; our models calculate a fair value of €35.06 per share.
What do the bullish and bearish scenarios say about ALTA?
Our models span a range for Altarea SCA: cautious scenario €26.16, base €35.06, optimistic €35.49 per share (as of Sep 13, 2026, price €84.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALTA?
Altarea SCA trades at a price-to-earnings ratio of 228.4 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €35.06 is built from several models across several years. Other multiples: PEG 2.8, P/B 1.7, P/S 1.4, EV/EBITDA 22.6.
What is the PEG ratio of ALTA?
The PEG ratio of Altarea SCA is 2.83 (P/E divided by earnings growth, as of Sep 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Altarea SCA (ALTA)?
Balance-sheet figures for Altarea SCA (as of Sep 13, 2026): return on equity 2.3%, debt of 1.20 per unit of equity. They feed the Quality Score of 21/100, which measures business quality independently of the share price.
How far is ALTA from its 52-week high?
Altarea SCA trades at €84.50, about 36% below its 52-week high of €131.40 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of €35.06 is for.
Which stocks are comparable to Altarea SCA?
From the same area (Real Estate) we also value AvalonBay Communities, Inc, EQR, Essex Property Trust, Inc, Invitation Homes, 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 Altarea SCA stock attractive at the current price?
The data as of Sep 13, 2026: price €84.50, calculated fair value €35.06 (−59%), Quality Score 21/100, from 9 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 ALTA calculated?
We run Altarea SCA through 9 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 €35.06, 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 15.8 % above its aggregate fair value. Altarea SCA 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 should I pay attention to with Altarea SCA right now?
The price sits above even our optimistic bull case (€35.49). The favourable scenario is already priced in. Weak quality (21/100) and above fair value at the same time, the margin of safety is missing on both counts. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Altarea SCA
How large is the market capitalisation of Altarea SCA (ALTA)?
The market capitalisation of Altarea SCA is €2.4B. 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 Altarea SCA (ALTA)?
The price-to-sales ratio of Altarea SCA is 0.92 (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 Altarea SCA (ALTA)?
Earnings per share at Altarea SCA are €0.3700 (price ÷ EPS = P/E 228.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Altarea SCA (ALTA)?
The dividend yield of Altarea SCA is 6.6%. 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 Altarea SCA (ALTA)?
The net margin of Altarea SCA is 0.4% (fiscal year 2025). 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 Altarea SCA (ALTA)?
The return on equity (ROE) of Altarea SCA is 2.3% (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 Altarea SCA (ALTA)?
On an EBIT basis the return on assets of Altarea SCA is 3.0% (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 Altarea SCA (ALTA)?
The operating margin of Altarea SCA is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Altarea SCA (ALTA)?
Revenue at Altarea SCA is growing −29.7% versus a year earlier (3y avg −11.7%). 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 Altarea SCA (ALTA)?
Earnings per share at Altarea SCA are growing −66.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Altarea SCA (ALTA) generate?
The free cash flow of Altarea SCA is −€38.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Altarea SCA (ALTA) carry?
The net debt of Altarea SCA is €2.2B (fiscal year 2025). 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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