Archicom S.A. (ARH) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Archicom S.A. PLN 24.40, price PLN 49.90, upside -51.1%, quality 31 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 23, 2026.
How to read this chart
60‑month range 11.71 PLN – 54.94 PLN · fair‑value band 16.92 PLN – 30.50 PLN · the 49.90 PLN price screens above the 24.40 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Archicom S.A. engages in the real estate activities in Poland. It also involves in the construction and sale of residential real estate; buying and selling real estate; implementation of construction projects; and leasing of intellectual property and similar products, as well as provides financial services.
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Archicom S.A. engages in the real estate activities in Poland. It also involves in the construction and sale of residential real estate; buying and selling real estate; implementation of construction projects; and leasing of intellectual property and similar products, as well as provides financial services. The company was founded in 1986 and is headquartered in Wroclaw, Poland. Archicom S.A. operates as a subsidiary of Echo Investment S.A.
Stock analysis
Archicom S.A. (ARH) currently trades at 49.90 PLN, while our model-based Fair Value estimate is 24.40 PLN, implying the stock looks roughly 104.5% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 29.64 PLN per share, and 0 of the 9 models we run sit above the 49.90 PLN price.
Bear case: the Asset-Based group reads lowest at 14.27 PLN, and 9 of the 9 models stay below the price. Evidence for this calculation is high.
Scenario range: 16.92 PLN (bear) to 30.50 PLN (bull), the price of 49.90 PLN 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 31/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Archicom S.A. reported revenue of 962M PLN in FY2025 versus 638M PLN in FY2021, a compound +10.8%/yr. Reported net income was 84.0M PLN in FY2025, compounding −9.6%/yr from FY2021.
Key figures
Market cap 2.9B PLN (≈ $759M) · P/E ratio 14.8 · P/S ratio 1.29 · EPS (TTM) 3.37 PLN · Dividend yield 3.6% · Net margin 8.7% · Return on equity 15.7% · Return on assets (EBIT) 8.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 19% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −3% fair-value upside, at −51%, ARH screens richer than that median.
Fair Value models
Bear 16.92 PLNFair Value 24.40 PLNBull 30.50 PLN
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 2025 figures (about 9 months old). Earnings retained since then (1.15 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.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.53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+29.6%
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.
+24.4%
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.
+7.5%
Start year 2020 (pandemic). Over 10 years: +19.9% a year
Revenue growth 13 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.
+18.3%
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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.
−18.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−21.8%
Dividend (yield on the price)3.6%
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.−22% vs −2%, 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.29% → 13%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.7%/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.Real Estate - Development · 579 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−51% · Bottom 25%
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets4% · Top 25%
Net margin (TTM)13% · Above median
Operating margin (TTM)19% · Above median
Growth and dividend
Revenue growth16% · Above median
Dividend yield (TTM)3.6% · Above median
Balance sheet
Debt / equity0.54× · Above median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (TTM)14.8× · Pricier than median
P/B0.61× · Pricier than median
P/S (TTM)0.58× · Cheaper than median
EV/EBITDA5.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 53
FUTURE (revenue growth)80· sector 0
PAST (return on equity)63· sector 11
HEALTH (low debt)73· sector 83
DIVIDEND (yield)72· sector 56
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). "Archicom S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ARH
Frequently asked questions
Is Archicom S.A. (ARH) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 24.40 PLN versus a price of 49.90 PLN, about −51% upside (overvalued).
What is the fair value of ARH?
Our model-based fair value for Archicom S.A. is 24.40 PLN (as of Sep 23, 2026), built from audited fundamentals. The current price: 49.90 PLN.
What is the quality score of ARH?
Archicom S.A. has a Quality Score of 31/100. 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 Archicom S.A. (ARH)?
Our model-based price target is the fair value of 24.40 PLN (as of Sep 23, 2026) from 9 valuation models. Cautious scenario 16.92 PLN, optimistic scenario 30.50 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Archicom S.A. stock forecast for 2026?
Our models put fair value at 24.40 PLN, about −51% upside versus a price of 49.90 PLN (overvalued). Cautious scenario 16.92 PLN, optimistic scenario 30.50 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Archicom S.A. (ARH)?
Archicom S.A. reported trailing-twelve-month revenue of about 1.3B PLN (latest available figure, as of Sep 23, 2026).
Does Archicom S.A. pay a dividend?
Archicom S.A. currently shows a dividend yield of about 3.61% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Archicom S.A. (ARH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Archicom S.A. it is 24.40 PLN per share (as of Sep 23, 2026), against a price of 49.90 PLN. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Archicom S.A. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ARH trades above its calculated fair value: price 49.90 PLN, fair value 24.40 PLN, a gap of about −51% (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 ARH?
No. The price is what the market pays today (49.90 PLN); the fair value is what the company's own numbers justify (24.40 PLN). For Archicom S.A. the two are 25.50 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Archicom S.A. worth?
The market values Archicom S.A. at about 2.9B PLN (market capitalisation, as of Sep 23, 2026). Per share that is 49.90 PLN; our models calculate a fair value of 24.40 PLN per share.
What do the bullish and bearish scenarios say about ARH?
Our models span a range for Archicom S.A.: cautious scenario 16.92 PLN, base 24.40 PLN, optimistic 30.50 PLN per share (as of Sep 23, 2026, price 49.90 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ARH?
Archicom S.A. trades at a price-to-earnings ratio of 14.8 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 24.40 PLN is built from several models across several years. Other multiples: P/B 0.6, P/S 0.6, EV/EBITDA 5.6.
How solid is the balance sheet of Archicom S.A. (ARH)?
Balance-sheet figures for Archicom S.A. (as of Sep 23, 2026): return on equity 15.7%, debt of 0.54 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is ARH from its 52-week high?
Archicom S.A. trades at 49.90 PLN, about 9% below its 52-week high of 54.94 PLN and 19% above the low of 41.99 PLN (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 24.40 PLN is for.
Which stocks are comparable to Archicom S.A.?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, CK Asset Holdings, Hongkong Land Holdings, DLF Limited, 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 Archicom S.A. stock attractive at the current price?
The data as of Sep 23, 2026: price 49.90 PLN, calculated fair value 24.40 PLN (−51%), Quality Score 31/100, 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 ARH calculated?
We run Archicom S.A. 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 24.40 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 14.1 % above its aggregate fair value. Archicom 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 Archicom S.A. (ARH)?
The closing price on Sep 23, 2026 was 49.90 PLN. Our model-based fair value is 24.40 PLN, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Archicom S.A. right now?
The price sits above even our optimistic bull case (30.50 PLN). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (16.92 PLN to 30.50 PLN) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Archicom S.A. (ARH) come from?
Earnings per share at Archicom S.A. grew +4.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.3 %, EBIT margin +0.3 %, tax rate −1.6 %, residual (interest, one-offs) +0.4 %. 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 Archicom S.A.
How large is the market capitalisation of Archicom S.A. (ARH)?
The market capitalisation of Archicom S.A. is 2.9B PLN (≈ $759M). 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 Archicom S.A. (ARH)?
The price-to-sales ratio of Archicom S.A. is 1.29 (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 Archicom S.A. (ARH)?
Earnings per share at Archicom S.A. are 3.37 PLN (price ÷ EPS = P/E 14.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Archicom S.A. (ARH)?
The dividend yield of Archicom S.A. is 3.6% (payout 53.4%). 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 Archicom S.A. (ARH)?
The net margin of Archicom S.A. is 8.7% (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 Archicom S.A. (ARH)?
The return on equity (ROE) of Archicom S.A. is 15.7% (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 Archicom S.A. (ARH)?
On an EBIT basis the return on assets of Archicom S.A. is 8.5% (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 Archicom S.A. (ARH)?
The operating margin of Archicom S.A. is 18.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Archicom S.A. (ARH)?
Revenue at Archicom S.A. is growing +16.1% versus a year earlier (3y avg +24.4%). 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 Archicom S.A. (ARH)?
Earnings per share at Archicom S.A. are growing +166% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Archicom S.A. (ARH) generate?
The free cash flow of Archicom S.A. is −21.4M PLN (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 Archicom S.A. (ARH) carry?
The net debt of Archicom S.A. is 790M PLN (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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