Elve S.A (ELBE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Elve S.A €3.81, price €6.90, upside -44.8%, quality 53 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 €3.51 – €7.70 · fair‑value band €3.48 – €4.30 · the €6.90 price screens above the €3.81 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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Elve S.A. designs, manufactures, and sells ready-made garments in France and internationally.
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Elve S.A. designs, manufactures, and sells ready-made garments in France and internationally. The company offers uniform clothing for business premises, such as museums, banks, restaurants, casinos, hotels, and other organizations; T-shirts, hoodies, and polos for customer service sectors, including supermarket and store employees, large corporations, gas stations, and telecommunication stores; labor clothing, such as sleeves, work pants, waterproof clothes, overalls, safety shoes, reflective clothing, gloves, hats, and accessories; and safety suits and personal protective clothing, including bulletproof vests, and clothing bags, as well as isothermal and flammable clothes for police, military, and armed forces. It also invests in and owns 5 solar energy parks with a total capacity of 5.2 MW. Elve S.A. was founded in 1971 and is headquartered in Kavala, Greece.
Stock analysis
Elve S.A (ELBE) currently trades at €6.90, while our model-based Fair Value estimate is €3.81, implying the stock looks roughly 81.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €6.65 per share, and 2 of the 13 models we run sit above the €6.90 price.
Bear case: the Earnings-Based group reads lowest at €2.11, and 11 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: €3.48 (bear) to €4.30 (bull), the price of €6.90 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 53/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Elve S.A reported revenue of €14.7M in FY2022 versus €24.5M in FY2018, a compound −12.0%/yr. Reported net income was €839K in FY2022, compounding +13.8%/yr from FY2018.
Key figures
Market cap €22.8M · P/E ratio 11.3 · P/S ratio 0.64 · EPS (TTM) €0.6110 · Net margin 5.7% · Return on equity 15.2% · Return on assets (EBIT) 4.8% · Operating margin 32.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at −45%, ELBE screens richer than that median.
Fair Value models
Bear €3.48Fair Value €3.81Bull €4.30
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.16/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−49.9%
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.
−19.1%
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.
−11.6%
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.
−3.0%
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Profit margin (trend) ⓘ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.
5.5% (2017) → 10.3% (2022)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
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.Apparel Manufacturing · 226 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−45% · Bottom 25%
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)19% · Top 25%
Operating margin (TTM)33% · Top 25%
Growth and dividend
Revenue growth41% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
P/E (TTM)11.3× · Cheapest 25%
P/B1.38× · Pricier than median
P/S (TTM)1.66× · Pricier than median
EV/EBITDA5.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 36
FUTURE (revenue growth)100· sector 5
PAST (return on equity)61· sector 19
HEALTH (low debt)97· sector 98
DIVIDEND (yield)0· sector 57
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). "Elve S.A Fair Value". https://www.fairvalue-calculator.com/stock/ELBE
Frequently asked questions
Is Elve S.A (ELBE) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €3.81 versus a price of €6.90, about −45% upside (overvalued).
What is the fair value of ELBE?
Our model-based fair value for Elve S.A is €3.81 (as of Sep 23, 2026), built from audited fundamentals. The current price: €6.90.
What is the quality score of ELBE?
Elve S.A has a Quality Score of 53/100. 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 Elve S.A (ELBE)?
Our model-based price target is the fair value of €3.81 (as of Sep 23, 2026) from 13 valuation models. Cautious scenario €3.48, optimistic scenario €4.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Elve S.A stock forecast for 2026?
Our models put fair value at €3.81, about −45% upside versus a price of €6.90 (overvalued). Cautious scenario €3.48, optimistic scenario €4.30. The calculation is refreshed regularly with new filings.
What is the revenue of Elve S.A (ELBE)?
Elve S.A reported trailing-twelve-month revenue of about €15.7M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Elve S.A (ELBE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Elve S.A it is €3.81 per share (as of Sep 23, 2026), against a price of €6.90. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Elve S.A stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ELBE trades above its calculated fair value: price €6.90, fair value €3.81, a gap of about −45% (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 ELBE?
No. The price is what the market pays today (€6.90); the fair value is what the company's own numbers justify (€3.81). For Elve S.A the two are €3.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is Elve S.A worth?
The market values Elve S.A at about €22.8M (market capitalisation, as of Sep 23, 2026). Per share that is €6.90; our models calculate a fair value of €3.81 per share.
What do the bullish and bearish scenarios say about ELBE?
Our models span a range for Elve S.A: cautious scenario €3.48, base €3.81, optimistic €4.30 per share (as of Sep 23, 2026, price €6.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ELBE?
Elve S.A trades at a price-to-earnings ratio of 11.3 (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 €3.81 is built from several models across several years. Other multiples: P/B 1.4, P/S 1.7, EV/EBITDA 5.6.
How solid is the balance sheet of Elve S.A (ELBE)?
Balance-sheet figures for Elve S.A (as of Sep 23, 2026): return on equity 15.2%, debt of 0.07 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is ELBE from its 52-week high?
Elve S.A trades at €6.90, about 10% below its 52-week high of €7.70 and 38% above the low of €5.00 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €3.81 is for.
Which stocks are comparable to Elve S.A?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, Gildan Activewear Inc, LPP SA, 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 Elve S.A stock attractive at the current price?
The data as of Sep 23, 2026: price €6.90, calculated fair value €3.81 (−45%), Quality Score 53/100, from 13 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 ELBE calculated?
We run Elve S.A through 13 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 €3.81, 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 13.0 % above its aggregate fair value. Elve 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 Elve S.A (ELBE)?
The closing price on Sep 23, 2026 was €6.90. Our model-based fair value is €3.81, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Elve S.A right now?
The price sits above even our optimistic bull case (€4.30). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Elve S.A
How large is the market capitalisation of Elve S.A (ELBE)?
The market capitalisation of Elve S.A is €22.8M. 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 Elve S.A (ELBE)?
The price-to-sales ratio of Elve S.A is 0.64 (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 Elve S.A (ELBE)?
Earnings per share at Elve S.A are €0.6110 (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Elve S.A (ELBE)?
The net margin of Elve S.A is 5.7% (fiscal year 2022). 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 Elve S.A (ELBE)?
The return on equity (ROE) of Elve S.A is 15.2% (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 Elve S.A (ELBE)?
On an EBIT basis the return on assets of Elve S.A is 4.8% (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 Elve S.A (ELBE)?
The operating margin of Elve S.A is 32.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Elve S.A (ELBE)?
Revenue at Elve S.A is growing +41.3% versus a year earlier (3y avg −19.1%). 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 Elve S.A (ELBE)?
Earnings per share at Elve S.A are growing +90.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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