AtkinsRealis Group Inc (ATRL) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of AtkinsRealis Group Inc stock C$73.60, price C$86.96, that is 15.4% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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 6, 2026.
How to read this chart
60‑month range C$21.65 – C$105.91 · fair‑value band C$54.33 – C$94.95 · the C$86.96 price screens above the C$73.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow AtkinsRealis Group in your weekly email
Every Wednesday you see whether AtkinsRealis Group 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.
AtkinsRéalis Group Inc., together with its subsidiaries, provides professional services and project management, and capital investment services in the United Kingdom, Canada, the United States, Saudi Arabia, and internationally.
Show moreShow less
It operates through eight segments: Canada, UKI, USLA, AMEA, Nuclear, Linxon, LSTK Projects, and Capital.
The company provides consultancy, strategy, advisory, engineering, design, project and program management and project delivery services for building and places, defence, industrial, power and renewables, and transportation and water markets; and operations, maintenance, and asset management solutions for various assets.
It also offers services for clients across the nuclear life cycle from consultancy, engineering, procurement and construction management, field, technology, decommissioning, and waste management services, as well as spare parts; and new-build and full refurbishment services for reactors.
In addition, the company is involved in installation of alternative current power substations, including expansions and electrification, notably through repetitive engineering, procurement and construction offerings for utilities, renewables and conventional generation, transportation, and data centers markets; and provision of lump-sum turnkey (LSTK) construction contracts for the mass transit projects.
Further, it engages in developing projects, arranging financing, investing in equity, undertaking complex financial modeling, and managing its infrastructure investments, such as bridges and highways, mass transit systems, power facilities, energy infrastructure, water treatment plants, and social infrastructure.
Additionally, it offers staff augmentation services. The company was formerly known as SNC-Lavalin Group Inc. and changed its name to AtkinsRéalis in September 2023. AtkinsRéalis Group Inc. was founded in 1911 and is headquartered in Montreal, Canada.
Stock analysis
AtkinsRealis Group Inc (ATRL) currently trades at C$86.96, while our model-based Fair Value estimate is C$73.60, 15% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of C$306.20 per share, and 10 of the 26 models we run sit above the C$86.96 price.
Bear case: the Economic Profit group reads lowest at C$26.51, and 16 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$54.33 (bear) to C$94.95 (bull), the price of C$86.96 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 63/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
AtkinsRealis Group Inc reported revenue of C$11.0B in FY2025 versus C$7.3B in FY2021, a compound +10.7%/yr. Reported net income was C$2.6B in FY2025, compounding +40.9%/yr from FY2021.
Key figures
Market cap C$14.2B (≈ $10.1B) Large · P/E ratio 32.1 · P/S ratio 1.21 · EPS (TTM) C$2.71 · Dividend yield 0.1% · Net margin 3.7% · Return on equity 8.4% · Return on assets (EBIT) 2.4%.
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 18% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −15%, ATRL screens cheaper than that median.
Fair Value models
BearC$54.33Fair Value C$73.60BullC$94.95
Price C$86.96 · Downside -15.4%
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 (C$2.23 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.60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+14.5%
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.
+13.6%
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.
+9.6%
Start year 2020 (pandemic). Over 10 years: +1.5% a year
Revenue growth 29 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%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
≈ +40.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+40.3%
Dividend (yield on the price)0.1%
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.40.3% vs 19.1%, picking up
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.−4% → 6%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Approximate: the rate leans on 2025, which sits 853% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+25.4%
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.
+6.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +22.8% a year for the price and +4.5% for the forecasts.
AI conclusion: Derisked engineering and nuclear services model supports steadier cash flows, yet thin evidence on moats and low gross margins relative to net margins limit durability.
Main risk: Westinghouse could win reactor selections in export markets such as Poland or the US and take customers or force lower prices on AtkinsRéalis CANDU offerings.
Bull case: AtkinsRéalis could leverage its CANDU supply chain and partnerships such as with NVIDIA to secure first-mover advantages in nuclear-powered AI infrastructure and expand despite rivals.
Bear case: If Westinghouse or other rivals prevail in key selections and licensing stalls, AtkinsRéalis could lose major nuclear contracts and see its derisked engineering model deliver only modest growth.
AtkinsRéalis has reduced its lump-sum turnkey backlog to just a small fraction of prior levels after exiting high-risk bidding. This derisking supports steadier cash flows in engineering and nuclear services, yet the company still faces complex project execution on major refurbishments. Our models see it as overvalued. Will the lower-risk model limit upside from the nuclear pipeline or deliver more reliable growth?
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.Engineering & Construction · 787 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−15.4% · Below median
Profitability
Return on equity (12 months)8.4% · Above median
Return on assets21.0% · Top 25%
Net margin (12 months)3.7% · Below median
Operating margin (12 months)7.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)10.0% · Above median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Engineering & Construction 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). "AtkinsRealis Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/ATRL
Frequently asked questions
Is AtkinsRealis Group Inc (ATRL) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of C$73.60 versus a price of C$86.96, about 15% lower (overvalued).
What is the fair value of ATRL?
Our model-based fair value for AtkinsRealis Group Inc is C$73.60 (as of Nov 6, 2026), built from audited fundamentals. The current price: C$86.96.
What is the quality score of ATRL?
AtkinsRealis Group Inc has a Quality Score of 63/100. 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 AtkinsRealis Group Inc (ATRL)?
Our model-based price target is the fair value of C$73.60 (as of Nov 6, 2026) from 26 valuation models. Cautious scenario C$54.33, optimistic scenario C$94.95. It is a calculation from audited fundamentals, not an analyst target.
What is the AtkinsRealis Group Inc stock forecast for 2026?
Our models put fair value at C$73.60, about 15% lower versus a price of C$86.96 (overvalued). Cautious scenario C$54.33, optimistic scenario C$94.95. The calculation is refreshed regularly with new filings.
What is the revenue of AtkinsRealis Group Inc (ATRL)?
AtkinsRealis Group Inc reported trailing-twelve-month revenue of about C$11.7B (latest available figure, as of Nov 6, 2026).
Does AtkinsRealis Group Inc pay a dividend?
AtkinsRealis Group Inc currently shows a dividend yield of 0.09% relative to its recent price (as of Nov 6, 2026).
What growth is priced into AtkinsRealis Group Inc (ATRL)?
For today's price to be fair in a discounted-cash-flow model, AtkinsRealis Group Inc would have to grow free cash flow by +25.4 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.6 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of ATRL use?
Our models discount AtkinsRealis Group Inc at 9.4 %: a base by market capitalisation (mid), damped by beta 0.96, country premium for Canada. 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 AtkinsRealis Group Inc that is +25.4 % per year a year over ten years, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has AtkinsRealis Group Inc (ATRL) delivered so far?
Over the past 5 years revenue at AtkinsRealis Group Inc grew +9.6 % a year. The price currently implies +25.4 % 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 AtkinsRealis Group Inc (ATRL) growing?
The median revenue growth in the sector is +7.9 % a year. That is the yardstick for the growth priced into AtkinsRealis Group Inc (+25.4 % 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 AtkinsRealis Group Inc (ATRL)?
The free-cash-flow yield on the price is 2.01 %: that much free cash flow AtkinsRealis Group Inc produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AtkinsRealis Group Inc (ATRL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AtkinsRealis Group Inc it is C$73.60 per share (as of Nov 6, 2026), against a price of C$86.96. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is AtkinsRealis Group Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ATRL trades above its calculated fair value: price C$86.96, fair value C$73.60, a gap of about −15% (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 ATRL?
No. The price is what the market pays today (C$86.96); the fair value is what the company's own numbers justify (C$73.60). For AtkinsRealis Group Inc the two are C$13.36 per share apart. That gap is exactly why we show both numbers side by side.
How much is AtkinsRealis Group Inc worth?
The market values AtkinsRealis Group Inc at about C$14.2B (market capitalisation, as of Nov 6, 2026). Per share that is C$86.96; our models calculate a fair value of C$73.60 per share.
What do the bullish and bearish scenarios say about ATRL?
Our models span a range for AtkinsRealis Group Inc: cautious scenario C$54.33, base C$73.60, optimistic C$94.95 per share (as of Nov 6, 2026, price C$86.96). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ATRL?
AtkinsRealis Group Inc trades at a price-to-earnings ratio of 32.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$73.60 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 24.8 (reported for FY2025: 5.4). Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 25.7. Other multiples: PEG 0.7, P/B 2.6, P/S 1.2, EV/EBITDA 13.5.
What is the PEG ratio of ATRL?
The PEG ratio of AtkinsRealis Group Inc is 0.69 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of AtkinsRealis Group Inc (ATRL)?
Balance-sheet figures for AtkinsRealis Group Inc (as of Nov 6, 2026): return on equity 8.4%, debt of 0.08 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is ATRL from its 52-week high?
AtkinsRealis Group Inc trades at C$86.96, about 18% below its 52-week high of C$105.90 and 9% above the low of C$79.87 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of C$73.60 is for.
Which stocks are comparable to AtkinsRealis Group Inc?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, 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 AtkinsRealis Group Inc stock attractive at the current price?
The data as of Nov 6, 2026: price C$86.96, calculated fair value C$73.60 (−15%), Quality Score 63/100, 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 ATRL calculated?
We run AtkinsRealis Group Inc 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 C$73.60, 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 15.5% above its aggregate fair value. AtkinsRealis Group Inc 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 AtkinsRealis Group Inc (ATRL)?
The closing price on Nov 5, 2026 was C$86.96. Our model-based fair value is C$73.60, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AtkinsRealis Group Inc right now?
Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of AtkinsRealis Group Inc (ATRL) come from?
Earnings per share at AtkinsRealis Group Inc grew +3.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.2 %, EBIT margin +5.5 %, tax rate +0.5 %, residual (interest, one-offs) −1.9 %. 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 AtkinsRealis Group Inc
How large is the market capitalisation of AtkinsRealis Group Inc (ATRL)?
The market capitalisation of AtkinsRealis Group Inc is C$14.2B (≈ $10.1B). 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 AtkinsRealis Group Inc (ATRL)?
The price-to-sales ratio of AtkinsRealis Group Inc is 1.21 (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 AtkinsRealis Group Inc (ATRL)?
Earnings per share at AtkinsRealis Group Inc are C$2.71 (price ÷ EPS = P/E 32.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AtkinsRealis Group Inc (ATRL)?
The dividend yield of AtkinsRealis Group Inc is 0.1% (payout 13.4%, on adjusted earnings, reported 3.0%). 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 AtkinsRealis Group Inc (ATRL)?
The net margin of AtkinsRealis Group Inc is 3.7% (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 AtkinsRealis Group Inc (ATRL)?
The return on equity (ROE) of AtkinsRealis Group Inc is 8.4% (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 AtkinsRealis Group Inc (ATRL)?
On an EBIT basis the return on assets of AtkinsRealis Group Inc is 2.4% (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 AtkinsRealis Group Inc (ATRL)?
The operating margin of AtkinsRealis Group Inc is 7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AtkinsRealis Group Inc (ATRL)?
Revenue at AtkinsRealis Group Inc is growing +10.0% versus a year earlier (3y avg +13.6%). 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 AtkinsRealis Group Inc (ATRL)?
Earnings per share at AtkinsRealis Group Inc are growing −95.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AtkinsRealis Group Inc (ATRL) carry?
The net debt of AtkinsRealis Group Inc is C$558M (fiscal year 2025, ≈ 2.0 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 AtkinsRealis Group Inc in the live analysis
One click puts AtkinsRealis Group Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 6, 2026