Bera Holding AS (BERA) fair value: what the stock is really worth
We calculate from audited financials what Bera Holding AS 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 4.03 TRY – 21.50 TRY · fair‑value band 3.79 TRY – 12.10 TRY · the 12.10 TRY price screens above the 11.40 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Bera Holding A.S. operates in the paper and cardboard, machinery, oil, construction and building materials, marble, textiles, tourism, and food sectors worldwide.
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Bera Holding A.S. operates in the paper and cardboard, machinery, oil, construction and building materials, marble, textiles, tourism, and food sectors worldwide. It offers paper, printing, and packaging products under the KOMEKS OKUL DEFTERLERI, Konya Kagit Sanayi ve Ticaret A.S., MURATLI KARTON, Speed, Ultra copy, ekstra copy, Konya Kagit Günesli Isletmesi, and KONKA AMBALAJ brands; machinery products under the MPG, WAGNER, and SPARK brands; petroleum products under the KONGAZ and afrapetrol brands; food, livestock, and marketing products under the GOLDA, kardelen, MELDA, and ANATOLi brands; and construction and building materials under the DivaMDF, Bauplast, Divalam, FENSTERBAU, KOMPEN, KOMYAPI, komline, mialime, Laodica, and Divapan brands. The company also offers marble and minerals under the adaçal, Hisar, and KOMBASSAN MERMER brands; textile products under the KOVEKA brand; tourism and hotel management products under the Bera Alanya and Bera Konya brands; and rollers under the ART BEARINGS, URB, and mgm brands. The company was formerly known as Kombassan Holding A.S. and changed its name to Bera Holding A.S. in July 2017. The company was founded in 1988 and is based in Konya, Turkey.
Stock analysis
Bera Holding AS (BERA) currently trades at 12.10 TRY, while our model-based Fair Value estimate is 11.40 TRY, implying the stock looks roughly 6.1% fairly valued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 29.29 TRY per share, and 2 of the 7 models we run sit above the 12.10 TRY price.
Bear case: the Multiples group reads lowest at 4.09 TRY, and 5 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 3.79 TRY (bear) to 12.10 TRY (bull), the price of 12.10 TRY 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 39/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bera Holding AS reported revenue of 19.1B TRY in FY2025 versus 4.2B TRY in FY2021, a compound +45.9%/yr. Reported net income was 164M TRY in FY2025, compounding −31.5%/yr from FY2021.
Key figures
Market cap 8.3B TRY (≈ $169M) · P/S ratio 0.45 · EPS (TTM) −0.9200 TRY · Dividend yield 7.1% · Net margin 0.9% · Return on equity −1.3% · Return on assets (EBIT) 8.1% · Operating margin 9.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at −6%, BERA screens cheaper than that median.
Fair Value models
Bear 3.79 TRYFair Value 11.40 TRYBull 12.10 TRY
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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−12.3%
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.
+30.6%
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.
+46.6%
Revenue growth 8 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.
+35.8%
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What shareholders gained per year (last 5 years), in TRY ⓘ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. Basis: EBIT basis. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+24.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.6%
Dividend (yield on the price)7.1%
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.17% → 11%
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.Conglomerates · 376 stocks
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). "Bera Holding AS Fair Value". https://www.fairvalue-calculator.com/stock/BERA
Frequently asked questions
Is Bera Holding AS (BERA) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 11.40 TRY versus a price of 12.10 TRY, about −6% upside (fairly valued).
What is the fair value of BERA?
Our model-based fair value for Bera Holding AS is 11.40 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 12.10 TRY.
What is the quality score of BERA?
Bera Holding AS has a Quality Score of 39/100. 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 Bera Holding AS (BERA)?
Our model-based price target is the fair value of 11.40 TRY (as of Sep 13, 2026) from 7 valuation models. Cautious scenario 3.79 TRY, optimistic scenario 12.10 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Bera Holding AS stock forecast for 2026?
Our models put fair value at 11.40 TRY, about −6% upside versus a price of 12.10 TRY (fairly valued). Cautious scenario 3.79 TRY, optimistic scenario 12.10 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Bera Holding AS (BERA)?
Bera Holding AS reported trailing-twelve-month revenue of about 19.3B TRY (latest available figure, as of Sep 13, 2026).
Does Bera Holding AS pay a dividend?
Bera Holding AS currently shows a dividend yield of about 7.07% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Bera Holding AS (BERA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bera Holding AS it is 11.40 TRY per share (as of Sep 13, 2026), against a price of 12.10 TRY. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Bera Holding AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, BERA trades above its calculated fair value: price 12.10 TRY, fair value 11.40 TRY, a gap of about −6% (fairly valued). 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 BERA?
No. The price is what the market pays today (12.10 TRY); the fair value is what the company's own numbers justify (11.40 TRY). For Bera Holding AS the two are 0.7000 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Bera Holding AS worth?
The market values Bera Holding AS at about 8.3B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 12.10 TRY; our models calculate a fair value of 11.40 TRY per share.
What do the bullish and bearish scenarios say about BERA?
Our models span a range for Bera Holding AS: cautious scenario 3.79 TRY, base 11.40 TRY, optimistic 12.10 TRY per share (as of Sep 13, 2026, price 12.10 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bera Holding AS (BERA)?
Balance-sheet figures for Bera Holding AS (as of Sep 13, 2026): return on equity −1.3%, debt of 0.00 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is BERA from its 52-week high?
Bera Holding AS trades at 12.10 TRY, about 48% below its 52-week high of 23.10 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 11.40 TRY is for.
Which stocks are comparable to Bera Holding AS?
From the same area (Industrials) we also value ITOCHU Corporation, 3M Company, Honeywell International Inc, CITIC 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 Bera Holding AS stock attractive at the current price?
The data as of Sep 13, 2026: price 12.10 TRY, calculated fair value 11.40 TRY (−6%), Quality Score 39/100, from 7 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 BERA calculated?
We run Bera Holding AS through 7 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 11.40 TRY, 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. Bera Holding AS 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 Bera Holding AS (BERA)?
The closing price on Sep 18, 2026 was 12.10 TRY. Our model-based fair value is 11.40 TRY, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bera Holding AS right now?
The model range is unusually wide (3.79 TRY to 12.10 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Bera Holding AS
How large is the market capitalisation of Bera Holding AS (BERA)?
The market capitalisation of Bera Holding AS is 8.3B TRY (≈ $169M). 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 Bera Holding AS (BERA)?
The price-to-sales ratio of Bera Holding AS is 0.45 (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 Bera Holding AS (BERA)?
Earnings per share at Bera Holding AS are −0.9200 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bera Holding AS (BERA)?
The dividend yield of Bera Holding AS is 7.1%. 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 Bera Holding AS (BERA)?
The net margin of Bera Holding AS is 0.9% (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 Bera Holding AS (BERA)?
The return on equity (ROE) of Bera Holding AS is −1.3% (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 Bera Holding AS (BERA)?
On an EBIT basis the return on assets of Bera Holding AS is 8.1% (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 Bera Holding AS (BERA)?
The operating margin of Bera Holding AS is 9.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bera Holding AS (BERA)?
Revenue at Bera Holding AS is growing +4.0% versus a year earlier (3y avg +30.6%). 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 Bera Holding AS (BERA)?
Earnings per share at Bera Holding AS are growing −91.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bera Holding AS (BERA) generate?
The free cash flow of Bera Holding AS is −210M TRY (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 Bera Holding AS (BERA) carry?
The net debt of Bera Holding AS is 98.9M TRY (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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