EnviTec Biogas AG (ETG) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of EnviTec Biogas AG €11.20, price €15.70, upside -28.7%, quality 40 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 24, 2026.
How to read this chart
60‑month range €15.70 – €51.73 · fair‑value band €10.40 – €12.85 · the €15.70 price screens above the €11.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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EnviTec Biogas AG manufactures and operates biogas and biomethane plants in Germany, Italy, Great Britain, the Czechia Republic, France, Denmark, the United States, China, Slovakia, Estonia, and internationally. It operates through three segments: Own operation, Service, and Plant Construction.
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EnviTec Biogas AG manufactures and operates biogas and biomethane plants in Germany, Italy, Great Britain, the Czechia Republic, France, Denmark, the United States, China, Slovakia, Estonia, and internationally. It operates through three segments: Own operation, Service, and Plant Construction. The company engages in the planning and construction of biogas plants and biogas upgrading plants, as well as offers biological and technical, and plant and operational management services. It also generates electricity, heat, and gas in its own biogas plants. EnviTec Biogas AG was founded in 2002 and is headquartered in Löhne, Germany.
Stock analysis
EnviTec Biogas AG (ETG) currently trades at €15.70, while our model-based Fair Value estimate is €11.20, implying the stock looks roughly 40.2% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €19.30 per share, and 8 of the 17 models we run sit above the €15.70 price.
Bear case: the Dividend Discount group reads lowest at €6.15, and 9 of the 17 models stay below the price. Evidence for this calculation is medium.
Scenario range: €10.40 (bear) to €12.85 (bull), the price of €15.70 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 40/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
EnviTec Biogas AG reported revenue of €313M in FY2025 versus €262M in FY2021, a compound +4.5%/yr. Reported net income was €15.9M in FY2025, compounding +0.2%/yr from FY2021.
Key figures
Market cap €286M · P/E ratio 1.5 · P/S ratio 0.08 · EPS (TTM) €10.47 · Dividend yield 3.2% · Net margin 5.1% · Return on equity 8.9% · Return on assets (EBIT) 13.0%.
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 44% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at −29%, ETG screens cheaper than that median.
Fair Value models
Bear €10.40Fair Value €11.20Bull €12.85
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 (€7.32 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−10.8%
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.
−7.1%
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.
+10.2%
Start year 2020 (pandemic). Over 10 years: +6.0% a year
Revenue growth 21 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.
+17.7%
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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.
+8.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.2%
Dividend (yield on the price)3.2%
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.5% vs 21%, 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.9% → 9%
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.Utilities - Renewable · 208 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Below median
Fair Value upside−29% · Below median
Profitability
Return on equity (TTM)9% · Above median
Return on assets4% · Top 25%
Net margin (TTM)5% · Below median
Operating margin (TTM)10% · Below median
Growth and dividend
Revenue growth−3% · Below median
Dividend yield (TTM)3.2% · Above median
Balance sheet
Debt / equity0.50× · Below median
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/E (TTM)1.5× · Cheapest 25%
PEG1.46× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)0· sector 0
PAST (return on equity)36· sector 14
HEALTH (low debt)75· sector 68
DIVIDEND (yield)64· sector 47
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). "EnviTec Biogas AG Fair Value". https://www.fairvalue-calculator.com/stock/ETG
Frequently asked questions
Is EnviTec Biogas AG (ETG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €11.20 versus a price of €15.70, about −29% upside (overvalued).
What is the fair value of ETG?
Our model-based fair value for EnviTec Biogas AG is €11.20 (as of Sep 24, 2026), built from audited fundamentals. The current price: €15.70.
What is the quality score of ETG?
EnviTec Biogas AG has a Quality Score of 40/100. 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 EnviTec Biogas AG (ETG)?
Our model-based price target is the fair value of €11.20 (as of Sep 24, 2026) from 17 valuation models. Cautious scenario €10.40, optimistic scenario €12.85. It is a calculation from audited fundamentals, not an analyst target.
What is the EnviTec Biogas AG stock forecast for 2026?
Our models put fair value at €11.20, about −29% upside versus a price of €15.70 (overvalued). Cautious scenario €10.40, optimistic scenario €12.85. The calculation is refreshed regularly with new filings.
What is the revenue of EnviTec Biogas AG (ETG)?
EnviTec Biogas AG reported trailing-twelve-month revenue of about €316M (latest available figure, as of Sep 24, 2026).
Does EnviTec Biogas AG pay a dividend?
EnviTec Biogas AG currently shows a dividend yield of about 3.18% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of EnviTec Biogas AG (ETG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EnviTec Biogas AG it is €11.20 per share (as of Sep 24, 2026), against a price of €15.70. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is EnviTec Biogas AG stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ETG trades above its calculated fair value: price €15.70, fair value €11.20, a gap of about −29% (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 ETG?
No. The price is what the market pays today (€15.70); the fair value is what the company's own numbers justify (€11.20). For EnviTec Biogas AG the two are €4.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is EnviTec Biogas AG worth?
The market values EnviTec Biogas AG at about €286M (market capitalisation, as of Sep 24, 2026). Per share that is €15.70; our models calculate a fair value of €11.20 per share.
What do the bullish and bearish scenarios say about ETG?
Our models span a range for EnviTec Biogas AG: cautious scenario €10.40, base €11.20, optimistic €12.85 per share (as of Sep 24, 2026, price €15.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ETG?
EnviTec Biogas AG trades at a price-to-earnings ratio of 1.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €11.20 is built from several models across several years. Other multiples: PEG 1.5.
What is the PEG ratio of ETG?
The PEG ratio of EnviTec Biogas AG is 1.46 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of EnviTec Biogas AG (ETG)?
Balance-sheet figures for EnviTec Biogas AG (as of Sep 24, 2026): return on equity 8.9%, debt of 0.50 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is ETG from its 52-week high?
EnviTec Biogas AG trades at €15.70, about 44% below its 52-week high of €28.10 and at the low of €15.70 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €11.20 is for.
Which stocks are comparable to EnviTec Biogas AG?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Adani Green Energy 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 EnviTec Biogas AG stock attractive at the current price?
The data as of Sep 24, 2026: price €15.70, calculated fair value €11.20 (−29%), Quality Score 40/100, from 17 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 ETG calculated?
We run EnviTec Biogas AG through 17 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 €11.20, 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. EnviTec Biogas AG 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 EnviTec Biogas AG (ETG)?
The closing price on Sep 24, 2026 was €15.70. Our model-based fair value is €11.20, about −29% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EnviTec Biogas AG right now?
The price sits above even our optimistic bull case (€12.85). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of EnviTec Biogas AG (ETG) come from?
Earnings per share at EnviTec Biogas AG grew +36.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.6 %, EBIT margin +21.9 %, tax rate +1.9 %, residual (interest, one-offs) +0.9 %. 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 EnviTec Biogas AG
How large is the market capitalisation of EnviTec Biogas AG (ETG)?
The market capitalisation of EnviTec Biogas AG is €286M. 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 EnviTec Biogas AG (ETG)?
The price-to-sales ratio of EnviTec Biogas AG is 0.08 (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 EnviTec Biogas AG (ETG)?
Earnings per share at EnviTec Biogas AG are €10.47 (price ÷ EPS = P/E 1.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of EnviTec Biogas AG (ETG)?
The dividend yield of EnviTec Biogas AG is 3.2% (payout 4.8%). 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 EnviTec Biogas AG (ETG)?
The net margin of EnviTec Biogas AG is 5.1% (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 EnviTec Biogas AG (ETG)?
The return on equity (ROE) of EnviTec Biogas AG is 8.9% (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 EnviTec Biogas AG (ETG)?
On an EBIT basis the return on assets of EnviTec Biogas AG is 13.0% (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 EnviTec Biogas AG (ETG)?
The operating margin of EnviTec Biogas AG is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EnviTec Biogas AG (ETG)?
Revenue at EnviTec Biogas AG is growing −2.8% versus a year earlier (3y avg −7.1%). 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 EnviTec Biogas AG (ETG)?
Earnings per share at EnviTec Biogas AG are growing +32.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does EnviTec Biogas AG (ETG) generate?
The free cash flow of EnviTec Biogas AG is −€17.5M (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 EnviTec Biogas AG (ETG) carry?
The net debt of EnviTec Biogas AG is €140M (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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