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Fugro N.V. (FUR) fair value: what the stock is really worth

As of Nov 12, 2026: fair value (intrinsic value) of Fugro N.V. stock €3.47, price €8.45, that is 58.9% below the price, quality 36 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Energy NL · ISIN NL00150003E1

FN Fugro N.V. logo Some data Nov 12, 2026

Fugro N.V.

FUR · AS

Far too expensive (fair value 59% below the price), weak company and falling price: meets none of the 3 rules.

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Low debt 
Profit last quarter +49% vs. a year ago. 
Expensive Growth (revenue 5y +5.9 %/yr in EUR) 
1.8% dividend yield · Watch coverage
Some data 
Fair value €3.47 · Strongly overvalued 
Quality 36/100 
Falling price (downtrend) 
Loss-making · -3.5% net margin (TTM) 
Negative free cash flow 
Trails peers (4/13) 
Narrow moat 16/100 · thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€23.17 €5.74 Fair Value €3.47 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.

How to read this chart

60‑month range €5.74 – €23.17 · fair‑value band €3.47 – €3.96 · the €8.45 price screens above the €3.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.

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Company profile

Fugro N.V., together with its subsidiaries, provides geo-data services for the infrastructure, energy, and water industries in Europe, Africa, the Americas, the Asia Pacific, the Middle East, and India.

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It offers marine site characterization solutions, including geophysical survey and geotechnical investigation solutions, as well as geo-consulting solutions, such as ground modeling and geohazard risk assessment services; and real-time monitoring and forecasting of weather, currents, and environmental conditions.

The company also provides marine asset integrity solutions comprising subscription-based signals; positioning and construction support solutions comprising surface & subsea positioning, survey, and ROV services for installation of offshore energy infrastructure; and inspection and monitoring solutions by acquiring and analyzing inspection data.

In addition, it offers land site characterization and asset integrity solutions consisting of site screening and consulting; onshore and nearshore site investigations; and inspection and monitoring solutions for roads and power assets.

Fugro N.V. was incorporated in 1962 and is headquartered in Nootdorp, the Netherlands.

Stock analysis

Fugro N.V. (FUR) currently trades at €8.45, while our model-based Fair Value estimate is €3.47, 59% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of €6.60 per share, and 0 of the 6 models we run sit above the €8.45 price.

Bear case: the Multiples group reads lowest at €1.89, and 6 of the 6 models stay below the price. Data coverage for this calculation is medium.

Scenario range: €3.47 (bear) to €3.96 (bull), the price of €8.45 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 36/100 (below-average quality), in the Energy sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Fugro N.V. reported revenue of €1.8B in FY2025 versus €1.5B in FY2021, a compound +6.0%/yr. Reported net income was −€20.4M in FY2025.

Key figures

Market cap €941M Small · P/E ex one-offs 40.7 · P/S ratio 0.47 · EPS (TTM) €−0.5600 · Dividend yield 1.8% · Net margin −3.5% · Return on equity −5.0% · Return on assets (EBIT) 6.5% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (low confidence).

What moves the price

The share trades about 32% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −28% fair-value upside, at −59%, FUR screens richer than that median.

Fair Value models

Bear €3.47 Fair Value €3.47 Bull €3.96
Price €8.45 · Downside -58.9%
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. 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.
Best data coverage
EPV €2.90 €3.47 €3.96 74
ROIC Compounder €2.90 €3.47 €3.96 72
EV/EBITDA €4.60 €7.77 €10.93 65
All 6 models by family
Earnings-Based
EPV €2.90 €3.47 €3.96 74
Multiples
EV/EBIT n/a €0.3200 >€1.28 61
EV/EBITDA €4.60 €7.77 €10.93 65
EV/Revenue n/a €1.89 €3.92 50
Asset-Based
NCAV (Graham) €4.92 €6.60 €9.85 54
Economic Profit
ROIC Compounder €2.90 €3.47 €3.96 72

Open the full fair value analysis →

Quality Score breakdown

Overall quality 36/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 22
How much profit the company makes from its sales and capital
Quality Growth 2
Are margins and returns getting better?
Cashflow 10
Do the profits arrive as real cash?
Financial strength 48
Debt, balance sheet and risk of trouble
Investment 58
Does it invest with discipline instead of growing at any price?
Low Volatility 65
How calm the share price moves, does not count
Price momentum 19
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 30
Distance to the 52-week high, does not count
New shares 98
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 19/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−18.8%
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.
+1.5%
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.
+5.9%
Start year 2020 (pandemic). Over 10 years: −2.4% 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.
+2.9%
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.
1.4% (2020) → 3.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

FUR screens overvalued: fair value 59% below the price. Compare with SLB N.V →

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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.Oil & Gas Equipment & Services · 172 stocks

Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside −58.9% · Bottom 25%
Profitability
Return on assets −0.9% · Bottom 25%
Net margin (12 months) −3.5% · Bottom 25%
Operating margin (12 months) 1.4% · Below median
Growth and dividend
Revenue growth (quarter YoY) 1.7% · Below median
Dividend yield (12 months) 1.8% · Below median
Balance sheet
Debt / equity 0.16× · Below median

Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper

P/B 0.71× · Cheapest 25%
P/S (12 months) 0.51× · Cheapest 25%
EV/EBITDA 5.0× · Cheapest 25%
PEG 1.42× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 17
FUTURE (revenue growth)9 · sector 41
PAST (return on equity)0 · sector 28
HEALTH (low debt)92 · sector 91
DIVIDEND (yield)36 · sector 38

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

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10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate.

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Yantai Jereh Oilfield Services Group 002353 ¥81.81 ¥89.99 +10% vs FUR
Gaztransport & Technigaz SA GTT €186.80 €205.48 +10% vs FUR
China Oilfield Services Limited 601808 ¥12.29 ¥13.04 +6% vs FUR
Subsea 7 S.A SUBC kr 315.00 kr 257.37 −18% vs FUR
Tenaris S.A TEN €27.56 €19.76 −28% vs FUR
Halliburton Company HAL $32.76 $21.72 −34% vs FUR
Baker Hughes Company BKR $48.86 $32.37 −34% vs FUR
Saipem SpA SPM €4.27 €2.72 −36% vs FUR
SLB N.V SLB $50.91 $30.94 −39% vs FUR
TechnipFMC plc FTI $64.92 $28.12 −57% vs FUR

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Fugro N.V.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Fugro N.V. Fair Value". https://www.fairvalue-calculator.com/stock/FUR

Frequently asked questions

Is Fugro N.V. (FUR) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of €3.47 versus a price of €8.45, about 59% lower (overvalued).
What is the fair value of FUR?
Our model-based fair value for Fugro N.V. is €3.47 (as of Nov 12, 2026), built from audited fundamentals. The current price: €8.45.
What is the quality score of FUR?
Fugro N.V. has a Quality Score of 36/100. 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 Fugro N.V. (FUR)?
Our model-based price target is the fair value of €3.47 (as of Nov 12, 2026) from 6 valuation models. Cautious scenario €3.47, optimistic scenario €3.96. It is a calculation from audited fundamentals, not an analyst target.
What is the Fugro N.V. stock forecast for 2026?
Our models put fair value at €3.47, about 59% lower versus a price of €8.45 (overvalued). Cautious scenario €3.47, optimistic scenario €3.96. The calculation is refreshed regularly with new filings.
What is the revenue of Fugro N.V. (FUR)?
Fugro N.V. reported trailing-twelve-month revenue of about €1.9B (latest available figure, as of Nov 12, 2026).
Does Fugro N.V. pay a dividend?
Fugro N.V. currently shows a dividend yield of 1.78% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Fugro N.V. (FUR) and when is the ex-dividend date?
Fugro N.V. pays a dividend of €0.15 per share a year, a dividend yield of 1.8%. The last ex-dividend date was Apr 27, 2026. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Fugro N.V. (FUR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fugro N.V. it is €3.47 per share (as of Nov 12, 2026), against a price of €8.45. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Fugro N.V. stock overvalued or undervalued in 2026?
As of Nov 12, 2026, FUR trades above its calculated fair value: price €8.45, fair value €3.47, a gap of about −59% (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 FUR?
No. The price is what the market pays today (€8.45); the fair value is what the company's own numbers justify (€3.47). For Fugro N.V. the two are €4.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fugro N.V. worth?
The market values Fugro N.V. at about €941M (market capitalisation, as of Nov 12, 2026). Per share that is €8.45; our models calculate a fair value of €3.47 per share.
What do the bullish and bearish scenarios say about FUR?
Our models span a range for Fugro N.V.: cautious scenario €3.47, base €3.47, optimistic €3.96 per share (as of Nov 12, 2026, price €8.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of FUR?
The PEG ratio of Fugro N.V. is 1.42 (P/E divided by earnings growth, as of Nov 12, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Fugro N.V. (FUR)?
Balance-sheet figures for Fugro N.V. (as of Nov 12, 2026): return on equity −5.0%, debt of 0.16 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is FUR from its 52-week high?
Fugro N.V. trades at €8.45, about 32% below its 52-week high of €12.35 and 20% above the low of €7.04 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of €3.47 is for.
Which stocks are comparable to Fugro N.V.?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Tenaris S.A, Halliburton Company, 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 Fugro N.V. stock attractive at the current price?
The data as of Nov 12, 2026: price €8.45, calculated fair value €3.47 (−59%), Quality Score 36/100, from 6 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 FUR calculated?
We run Fugro N.V. through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €3.47 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 14.3% above its aggregate fair value. Fugro N.V. 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 Fugro N.V. (FUR)?
The closing price on Nov 12, 2026 was €8.45. Our model-based fair value is €3.47, about 59% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fugro N.V. right now?
The price sits above even our optimistic bull case (€3.96). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The models converge in a tight band (€3.47 to €3.96), unusually little disagreement for a valuation.

Key figures of Fugro N.V.

How large is the market capitalisation of Fugro N.V. (FUR)?
The market capitalisation of Fugro N.V. is €941M. 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/E ratio of Fugro N.V. (FUR) excluding one-off items?
Excluding one-off items, the price-to-earnings ratio of Fugro N.V. is 40.7 (fiscal year 2025, the reported result was a loss, median at FY-end 9.9 (5 FY)).
What is the P/S ratio of Fugro N.V. (FUR)?
The price-to-sales ratio of Fugro N.V. is 0.47 (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 Fugro N.V. (FUR)?
Earnings per share at Fugro N.V. are €−0.5600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fugro N.V. (FUR)?
The dividend yield of Fugro N.V. is 1.8%. 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 Fugro N.V. (FUR)?
The net margin of Fugro N.V. is −3.5% (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 Fugro N.V. (FUR)?
The return on equity (ROE) of Fugro N.V. is −5.0% (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 Fugro N.V. (FUR)?
On an EBIT basis the return on assets of Fugro N.V. is 6.5% (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 Fugro N.V. (FUR)?
The operating margin of Fugro N.V. is 1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fugro N.V. (FUR)?
Revenue at Fugro N.V. is growing +1.7% versus a year earlier (3y avg +1.5%). 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 Fugro N.V. (FUR)?
Earnings per share at Fugro N.V. are growing +48.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fugro N.V. (FUR) generate?
The free cash flow of Fugro N.V. is −€143M (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 Fugro N.V. (FUR) carry?
The net debt of Fugro N.V. is €547M (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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