Arteche Lantegi Elkartea SA (ART) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Arteche Lantegi Elkartea SA stock €18.67, price €27.10, that is 31.1% below the price, quality 64 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €2.58 – €44.00 · fair‑value band €9.78 – €24.39 · the €27.10 price screens above the €18.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow Arteche Lantegi Elkartea in your weekly email
Every Wednesday you see whether Arteche Lantegi Elkartea is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Arteche Lantegi Elkartea, S.A. engages in the design, manufacture, integration, and supply of electrical equipment and solutions in Spain and internationally.
Show moreShow less
It offers high voltage instrument transformers, power voltage transformers, protection of mixed overhead-underground lines, digital instrument transformers, IEEE/ANSI medium voltage instrument transformers, and medium voltage sensors; trip, supervision, and auxiliary relays, railway relays, secondary injection tests, and substation automation solutions; and power quality solutions for grid connected renewables, capacitor banks and harmonic trips, automatic circuit reclosers, and power grid services.
The company also provides IEC medium voltage instrument transformers; and flywheels energy storage systems (FESS). Its products are used for measurement, protection, automation, control, and communication in the generation, transmission, and distribution sectors.
The company was founded in 1946 and is headquartered in Mungia, Spain.
Stock analysis
Arteche Lantegi Elkartea SA (ART) currently trades at €27.10, while our model-based Fair Value estimate is €18.67, 31% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of €18.76 per share, and 1 of the 26 models we run sit above the €27.10 price.
Bear case: the Dividend Discount group reads lowest at €2.17, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: €9.78 (bear) to €24.39 (bull), the price of €27.10 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 64/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Arteche Lantegi Elkartea SA reported revenue of €508M in FY2025 versus €282M in FY2021, a compound +15.9%/yr. Reported net income was €45.3M in FY2025, compounding +51.7%/yr from FY2021.
Key figures
Market cap €1.5B Small · P/E ratio 33.9 · P/S ratio 3.09 · EPS (TTM) €0.8000 · Dividend yield 0.5% · Net margin 10.0% · Return on equity 45.2% · Return on assets (EBIT) 8.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −31%, ART screens richer than that median.
Fair Value models
Bear€9.78Fair Value €18.67Bull€24.39
Price €27.10 · Downside -31.1%
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 (€0.6860 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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+13.6%
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.
+13.7%
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.
+13.9%
Start year 2020 (pandemic)
Revenue growth 6 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.
+12.2%
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
+69.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+68.5%
Dividend (yield on the price)0.5%
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.7% → 13%
2025 sits 278% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
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).
+37.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +34.1% a year for the price.
AI conclusion: The business gains from strengthened grid equipment capabilities and electrification orders after the SEG acquisition, yet thin evidence across all dimensions leaves durability of premium margins uncertain.
Main risk: Competition together with integration costs from the SEG Electronics acquisition could erode premium margins in medium-voltage protection relays and data-center products.
Arteche supplies specialized equipment for electrical grids and has strengthened its position in medium-voltage protection relays plus data centers through the SEG Electronics acquisition. Strong order intake and upgraded guidance highlight the electrification tailwind, yet our models see the shares as overvalued. Will the new capabilities and grid spending sustain premium margins, or will competition and integration costs erode them?
Compare Arteche Lantegi Elkartea SA with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Electronic Components · 653 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−31.1% · Above median
Profitability
Return on equity (12 months)45.2% · Top 25%
Return on assets9.7% · Top 25%
Net margin (12 months)10.0% · Above median
Operating margin (12 months)14.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)12.1% · Below median
Dividend yield (12 months)0.5% · Bottom 25%
Balance sheet
Debt / equity0.40× · Highest 25%
Valuation Multiplesvs Electronic Components 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). "Arteche Lantegi Elkartea SA Fair Value". https://www.fairvalue-calculator.com/stock/ART
Frequently asked questions
Is Arteche Lantegi Elkartea SA (ART) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €18.67 versus a price of €27.10, about 31% lower (overvalued).
What is the fair value of ART?
Our model-based fair value for Arteche Lantegi Elkartea SA is €18.67 (as of Nov 7, 2026), built from audited fundamentals. The current price: €27.10.
What is the quality score of ART?
Arteche Lantegi Elkartea SA has a Quality Score of 64/100. 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 Arteche Lantegi Elkartea SA (ART)?
Our model-based price target is the fair value of €18.67 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario €9.78, optimistic scenario €24.39. It is a calculation from audited fundamentals, not an analyst target.
What is the Arteche Lantegi Elkartea SA stock forecast for 2026?
Our models put fair value at €18.67, about 31% lower versus a price of €27.10 (overvalued). Cautious scenario €9.78, optimistic scenario €24.39. The calculation is refreshed regularly with new filings.
What is the revenue of Arteche Lantegi Elkartea SA (ART)?
Arteche Lantegi Elkartea SA reported trailing-twelve-month revenue of about €548M (latest available figure, as of Nov 7, 2026).
Does Arteche Lantegi Elkartea SA pay a dividend?
Arteche Lantegi Elkartea SA currently shows a dividend yield of 0.53% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Arteche Lantegi Elkartea SA (ART)?
Arteche Lantegi Elkartea SA has a dividend yield of 0.5%.
What growth is priced into Arteche Lantegi Elkartea SA (ART)?
For today's price to be fair in a discounted-cash-flow model, Arteche Lantegi Elkartea SA would have to grow free cash flow by +37.0 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of ART use?
Our models discount Arteche Lantegi Elkartea SA at 11.1 %: a base by market capitalisation (small), damped by beta 0.44, country premium for Spain. 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 Arteche Lantegi Elkartea SA that is +37.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Arteche Lantegi Elkartea SA (ART) delivered so far?
Over the past 5 years revenue at Arteche Lantegi Elkartea SA grew +14.0 % a year. The price currently implies free-cash-flow growth of +37.0 % per 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 Arteche Lantegi Elkartea SA (ART) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Arteche Lantegi Elkartea SA (+37.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Arteche Lantegi Elkartea SA (ART)?
The free-cash-flow yield on the price is 1.48 %: that much free cash flow Arteche Lantegi Elkartea SA produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Arteche Lantegi Elkartea SA (ART)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Arteche Lantegi Elkartea SA it is €18.67 per share (as of Nov 7, 2026), against a price of €27.10. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Arteche Lantegi Elkartea SA stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ART trades above its calculated fair value: price €27.10, fair value €18.67, a gap of about −31% (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 ART?
No. The price is what the market pays today (€27.10); the fair value is what the company's own numbers justify (€18.67). For Arteche Lantegi Elkartea SA the two are €8.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Arteche Lantegi Elkartea SA worth?
The market values Arteche Lantegi Elkartea SA at about €1.5B (market capitalisation, as of Nov 7, 2026). Per share that is €27.10; our models calculate a fair value of €18.67 per share.
What do the bullish and bearish scenarios say about ART?
Our models span a range for Arteche Lantegi Elkartea SA: cautious scenario €9.78, base €18.67, optimistic €24.39 per share (as of Nov 7, 2026, price €27.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ART?
Arteche Lantegi Elkartea SA trades at a price-to-earnings ratio of 33.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €18.67 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 24.1. Other multiples: P/B 15.1, P/S 3.1, EV/EBITDA 19.6.
How solid is the balance sheet of Arteche Lantegi Elkartea SA (ART)?
Balance-sheet figures for Arteche Lantegi Elkartea SA (as of Nov 7, 2026): return on equity 45.2%, debt of 0.40 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is ART from its 52-week high?
Arteche Lantegi Elkartea SA trades at €27.10, about 38% below its 52-week high of €44.00 and 38% above the low of €19.64 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €18.67 is for.
Which stocks are comparable to Arteche Lantegi Elkartea SA?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, 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 Arteche Lantegi Elkartea SA stock attractive at the current price?
The data as of Nov 7, 2026: price €27.10, calculated fair value €18.67 (−31%), Quality Score 64/100, 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 ART calculated?
We run Arteche Lantegi Elkartea SA through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €18.67 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Arteche Lantegi Elkartea SA 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 Arteche Lantegi Elkartea SA (ART)?
The closing price on Nov 6, 2026 was €27.10. Our model-based fair value is €18.67, about 31% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Arteche Lantegi Elkartea SA right now?
The price sits above even our optimistic bull case (€24.39). The favourable scenario is already priced in. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€9.78 to €24.39) leaves room in how you read the outcome.
Key figures of Arteche Lantegi Elkartea SA
How large is the market capitalisation of Arteche Lantegi Elkartea SA (ART)?
The market capitalisation of Arteche Lantegi Elkartea SA is €1.5B. 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 Arteche Lantegi Elkartea SA (ART)?
The price-to-sales ratio of Arteche Lantegi Elkartea SA is 3.09 (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 Arteche Lantegi Elkartea SA (ART)?
Earnings per share at Arteche Lantegi Elkartea SA are €0.8000 (price ÷ EPS = P/E 33.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Arteche Lantegi Elkartea SA (ART)?
The dividend yield of Arteche Lantegi Elkartea SA is 0.5% (payout 18.1%). 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 Arteche Lantegi Elkartea SA (ART)?
The net margin of Arteche Lantegi Elkartea SA is 10.0% (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 Arteche Lantegi Elkartea SA (ART)?
The return on equity (ROE) of Arteche Lantegi Elkartea SA is 45.2% (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 Arteche Lantegi Elkartea SA (ART)?
On an EBIT basis the return on assets of Arteche Lantegi Elkartea SA is 8.2% (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 Arteche Lantegi Elkartea SA (ART)?
The operating margin of Arteche Lantegi Elkartea SA is 14.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Arteche Lantegi Elkartea SA (ART)?
Revenue at Arteche Lantegi Elkartea SA is growing +12.1% versus a year earlier (3y avg +13.7%). 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 Arteche Lantegi Elkartea SA (ART)?
Earnings per share at Arteche Lantegi Elkartea SA are growing +46.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Arteche Lantegi Elkartea SA (ART) carry?
The net debt of Arteche Lantegi Elkartea SA is €74.3M (fiscal year 2025, ≈ 3.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Arteche Lantegi Elkartea SA in the live analysis
One click puts Arteche Lantegi Elkartea SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 7, 2026