Apator S.A. (APT) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Apator S.A. stock PLN 33.64, price PLN 25.10, upside +34.0%, quality 58 out of 100. Rating: undervalued. 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. As of Nov 1, 2026.
How to read this chart
60‑month range 11.62 PLN – 28.40 PLN · fair‑value band 19.81 PLN – 51.20 PLN · the 25.10 PLN price screens below the 33.64 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Apator S.A. manufactures and sells measuring devices and systems in Poland and internationally.
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Its products include electricity meters, such as smart, electronic, RES, systems, and induction meters, as well as automation systems; ICT products, including electricity production and distribution management, data acquisition services, and distributed asset and resource management; new systems, such as 4GRID engines and lighting infrastructure management; and water meters, heat meters and flow sensors, heating cost allocators, remote utility reading systems, installation fittings, archives, and other products.
The company also gas meters; and switchgear systems, such as switch disconnectors, fuse rails, surge arresters, complementary equipment, and 4G cam switches, as well as robotic product palletising systems, electronics testers, and robotic stacker and destackers.
The company was incorporated in 2001 and is based in Torun, Poland.
Stock analysis
Apator S.A. (APT) currently trades at 25.10 PLN, while our model-based Fair Value estimate is 33.64 PLN, implying the stock looks roughly 25.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 52.24 PLN per share, and 14 of the 26 models we run sit above the 25.10 PLN price.
Bear case: the Asset-Based group reads lowest at 3.75 PLN, and 12 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 19.81 PLN (bear) to 51.20 PLN (bull), the price of 25.10 PLN 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 58/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Apator S.A. reported revenue of 1.2B PLN in FY2025 versus 940M PLN in FY2021, a compound +6.3%/yr. Reported net income was 79.1M PLN in FY2025, compounding +6.2%/yr from FY2021.
Key figures
Market cap 728M PLN (≈ $185M) Micro · P/E ratio 8.1 · P/S ratio 0.55 · EPS (TTM) 3.10 PLN · Dividend yield 4.8% · Net margin 6.8% · Return on equity 14.2% · Return on assets (EBIT) 5.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 34%, APT screens cheaper than that median.
Fair Value models
Bear19.81 PLNFair Value 33.64 PLNBull51.20 PLN
Price 25.10 PLN · Upside +34.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.59 PLN 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. 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.Coverage ⓘCoverage = 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.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.1%
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.
+3.6%
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.
+5.2%
Start year 2020 (pandemic). Over 10 years: +4.6% a year
Revenue growth 19 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.
+14.1%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+10.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.7%
Dividend (yield on the price)4.8%
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.5.7% vs 2.9%, steady
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.8% → 6%
2025 sits 872% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+19.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +16.1% a year for the price.
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.Electrical Equipment & Parts · 568 stocks
Beats the industry median on 15/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+34.0% · Top 25%
Profitability
Return on equity (12 months)14.2% · Above median
Return on assets7.6% · Top 25%
Net margin (12 months)6.8% · Above median
Operating margin (12 months)7.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)24.4% · Above median
Dividend yield (12 months)4.8% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Electrical Equipment & Parts 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). "Apator S.A. Fair Value". https://www.fairvalue-calculator.com/stock/APT.WAR
Frequently asked questions
Is Apator S.A. (APT) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 33.64 PLN versus a price of 25.10 PLN, about +34% upside (undervalued).
What is the fair value of APT?
Our model-based fair value for Apator S.A. is 33.64 PLN (as of Nov 1, 2026), built from audited fundamentals. The current price: 25.10 PLN.
What is the quality score of APT?
Apator S.A. has a Quality Score of 58/100. 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 Apator S.A. (APT)?
Our model-based price target is the fair value of 33.64 PLN (as of Nov 1, 2026) from 26 valuation models. Cautious scenario 19.81 PLN, optimistic scenario 51.20 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Apator S.A. stock forecast for 2026?
Our models put fair value at 33.64 PLN, about +34% upside versus a price of 25.10 PLN (undervalued). Cautious scenario 19.81 PLN, optimistic scenario 51.20 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Apator S.A. (APT)?
Apator S.A. reported trailing-twelve-month revenue of about 1.3B PLN (latest available figure, as of Nov 1, 2026).
Does Apator S.A. pay a dividend?
Apator S.A. currently shows a dividend yield of 4.78% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Apator S.A. (APT)?
For today's price to be fair in a discounted-cash-flow model, Apator S.A. would have to grow free cash flow by +19.7 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of APT use?
Our models discount Apator S.A. at 12.7 %: a base by market capitalisation (micro), damped by beta 0.73, country premium for Poland. 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 Apator S.A. that is +19.7 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Apator S.A. (APT) delivered so far?
Over the past 5 years revenue at Apator S.A. grew +5.2 % a year. The price currently implies +19.7 % 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 Apator S.A. (APT) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Apator S.A. (+19.7 % 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 Apator S.A. (APT)?
The free-cash-flow yield on the price is 4.71 %: that much free cash flow Apator S.A. produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Apator S.A. (APT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Apator S.A. it is 33.64 PLN per share (as of Nov 1, 2026), against a price of 25.10 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Apator S.A. stock overvalued or undervalued in 2026?
As of Nov 1, 2026, APT trades below its calculated fair value: price 25.10 PLN, fair value 33.64 PLN, a gap of about +34% (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 APT?
No. The price is what the market pays today (25.10 PLN); the fair value is what the company's own numbers justify (33.64 PLN). For Apator S.A. the two are 8.54 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Apator S.A. worth?
The market values Apator S.A. at about 728M PLN (market capitalisation, as of Nov 1, 2026). Per share that is 25.10 PLN; our models calculate a fair value of 33.64 PLN per share.
What do the bullish and bearish scenarios say about APT?
Our models span a range for Apator S.A.: cautious scenario 19.81 PLN, base 33.64 PLN, optimistic 51.20 PLN per share (as of Nov 1, 2026, price 25.10 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of APT?
Apator S.A. trades at a price-to-earnings ratio of 8.1 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 33.64 PLN is built from several models across several years. Other multiples: PEG 0.7, P/B 1.1, P/S 0.6, EV/EBITDA 6.0.
What is the PEG ratio of APT?
The PEG ratio of Apator S.A. is 0.69 (P/E divided by earnings growth, as of Nov 1, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Apator S.A. (APT)?
Balance-sheet figures for Apator S.A. (as of Nov 1, 2026): return on equity 14.2%, debt of 0.03 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is APT from its 52-week high?
Apator S.A. trades at 25.10 PLN, about 12% below its 52-week high of 28.40 PLN and 19% above the low of 21.04 PLN (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 33.64 PLN is for.
Which stocks are comparable to Apator S.A.?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, 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 Apator S.A. stock attractive at the current price?
The data as of Nov 1, 2026: price 25.10 PLN, calculated fair value 33.64 PLN (+34%), Quality Score 58/100, from 26 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 APT calculated?
We run Apator S.A. through 26 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 33.64 PLN, 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 14.9 % above its aggregate fair value. Apator S.A. currently trades 25 % 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 Apator S.A. (APT)?
The closing price on Oct 30, 2026 was 25.10 PLN. Our model-based fair value is 33.64 PLN, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Apator S.A. right now?
Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (19.81 PLN to 51.20 PLN) leaves room in how you read the outcome.
Where does the earnings growth of Apator S.A. (APT) come from?
Earnings per share at Apator S.A. grew −2.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.9 %, EBIT margin −7.2 %, tax rate +0.3 %, residual (interest, one-offs) +0.0 %. 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 Apator S.A.
How large is the market capitalisation of Apator S.A. (APT)?
The market capitalisation of Apator S.A. is 728M PLN (≈ $185M). 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 Apator S.A. (APT)?
The price-to-sales ratio of Apator S.A. is 0.55 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Apator S.A. (APT)?
Earnings per share at Apator S.A. are 3.10 PLN (price ÷ EPS = P/E 8.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Apator S.A. (APT)?
The dividend yield of Apator S.A. is 4.8% (payout 38.7%). 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 Apator S.A. (APT)?
The net margin of Apator S.A. is 6.8% (last twelve months). 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 Apator S.A. (APT)?
The return on equity (ROE) of Apator S.A. is 14.2% (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 Apator S.A. (APT)?
On an EBIT basis the return on assets of Apator S.A. is 5.8% (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 Apator S.A. (APT)?
The operating margin of Apator S.A. is 7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Apator S.A. (APT)?
Revenue at Apator S.A. is growing +24.4% versus a year earlier (3y avg +3.6%). 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 Apator S.A. (APT)?
Earnings per share at Apator S.A. are growing +16.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Apator S.A. (APT) carry?
The net debt of Apator S.A. is 78.2M PLN (fiscal year 2025, ≈ 2.3 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
Nov 1, 2026