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Glaston Oyj (GLA1V) Fair Value & Analysis

Industrials · FI · Market cap €45.4M

GO Glaston Oyj GLA1V · HE
Price€1.10
Fair Value€0.6000
Upside-45.5%
Quality50/100
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Expensive Growth
Thin margins · 0.9% net margin
Low debt · negative free cash flow
Trails peers (4/13)
Narrow moat 28/100
Evidence: High Range €0.4500 – €0.8600 Share as image

Fair value as of: Jul 13, 2026

From 15 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from €1.06 to €0.6000 (−43.4%) since Jun 24, 2026. Share price +1.9% over the past month.

A solid business, but screening 45% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€0.8600). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€0.4500 to €0.8600) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€2.34 €0.9720 Fair Value €0.6000 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range €0.9720 – €2.34 · fair‑value band €0.4500 – €0.8600 · the €1.10 price screens above the €0.6000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Glaston Oyj (GLA1V) currently trades at €1.10, while our model-based Fair Value estimate is €0.6000, implying the stock looks roughly 45.5% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Glaston Oyj generated revenue of €198M at a net margin of 0.9%. Revenue declined 21.0% year over year. It earns a return on equity of 2.6%. Net debt stands at €30.8M. Fundamentals as of Jul 13, 2026

Our scenario range runs from €0.4500 (bear case) to €0.8600 (bull case); at €1.10, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 20% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -45%, GLA1V screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Residual Income €0.9700 €0.9000 €0.6200 76
ROIC Compounder €0.8700 €1.03 €1.16 72
Gordon GGM €0.4100 €0.5000 €0.5800 70
All 15 models by family
DCF Models
Owner Earnings €0.9400 €1.28 €1.80 31
Earnings-Based
Graham-Dodd €0.1900 €0.3500 €0.4300 54
EPV €0.8700 €1.03 €1.16 59
Dividend Discount
Gordon GGM €0.4100 €0.5000 €0.5800 70
DDM Multi-Stage €0.4100 €0.5200 €0.6200 61
Multiples
P/E Multiple €0.4500 €0.6000 €0.7500 63
P/S Multiple €0.3600 €0.4900 €0.6100 58
P/B Multiple €0.3600 €0.4900 €0.6100 55
EV/EBIT €2.19 €3.08 €3.97 53
EV/EBITDA €3.74 €5.15 €6.56 54
EV/Revenue €1.43 €2.25 €3.06 43
Asset-Based
NCAV (Graham) €0.7600 €1.02 €1.52 50
Economic Profit
Residual Income €0.9700 €0.9000 €0.6200 76
ROIC Compounder €0.8700 €1.03 €1.16 72
Growth Earnings
Growth-Adj P/E €0.3200 €0.4500 €0.5900 68

Widest divergence: DCF Models (€1.28) versus Earnings-Based (€0.3500). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €198M
Revenue growth (YoY) -21.0%
Net margin 0.9%
Return on equity 2.6%
Free cash flow −€3.2M FY2025
P/E ratio 28.1
More key figures
Operating margin 3.7%
EPS (TTM) €0.0400
EPS growth (YoY) +250%
Net debt €30.8M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 47 · Market factors (momentum, volatility) 45

Profitability 40
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 92
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Glaston Oyj Abp manufactures and sells glass processing machines in Finland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments: Architecture; and Mobility, Display & Solar.

Full company description

Glaston Oyj Abp manufactures and sells glass processing machines in Finland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments: Architecture; and Mobility, Display & Solar. It offers heat treatment machines, as well as spare parts for glass tempering and laminating; and maintenance, upgradation, and modernization services. The company also provides insulating glass; automotive and display glass; and solar glass, as well as handling equipment. It serves architectural, appliance, mobility, display, and solar industries. Glaston Oyj Abp was founded in 1870 and is headquartered in Helsinki, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Glaston Oyj reported revenue of €209M in FY2025 versus €183M in FY2021, a compound +3.4%/yr. Reported net income was €1.2M in FY2025, compounding +1.9%/yr from FY2021.

Growth Quality 29/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€209M
Latest YoY
−4.2%
Avg. growth/yr (3Y) 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.
−0.7%
Avg. growth/yr (5Y) 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.
+4.2%
Avg. growth/yr (25Y) 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.
+0.5%
Revenue +3.4%/yr
FY21 €183M
FY22 €214M
FY23 €220M
FY24 €218M
FY25 €209M
Net income +1.9%/yr
FY21 €1.1M
FY22 €3.1M
FY23 €5.0M
FY24 €2.5M
FY25 €1.2M
Character of growth · EPS growth decomposed (2014-2025) +10.5 % p.a.
Revenue per share +6.1 pp

of which total revenue +7.1 pp · buybacks/dilution −1.0 pp

EBIT margin +2.3 pp
Tax rate +5.8 pp
Residual (interest, one-offs) −3.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

GLA1V screens 45% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Glaston Oyj Fair Value". https://www.fairvalue-calculator.com/stock/GLA1V

Peer Group

Specialty Industrial Machinery · 808 stocks

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.

Quality Score 50 · Below median
Fair Value upside −46% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth -21% · Bottom 25%
Debt / equity 0.45× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 27.0× · Cheaper than median
P/B 0.82× · Cheaper than 75% of peers
P/S (TTM) 0.27× · Cheaper than 75% of peers
EV/EBITDA 7.9× · Cheaper than 75% of peers
PEG 3.40× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 23
PAST 10 · sector 28
HEALTH 77 · sector 96
DIVIDEND 0 · sector 24

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

Values & ESG

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

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Glaston Oyj (GLA1V) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of €0.6000 versus a price of €1.10, about −45% (overvalued).
What is the fair value of GLA1V?
Our model-based fair value for Glaston Oyj is €0.6000 (as of Jul 13, 2026), built from audited fundamentals. The current price is €1.10.
What is the quality score of GLA1V?
Glaston Oyj has a Quality Score of 50/100. 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 revenue of Glaston Oyj (GLA1V)?
Glaston Oyj reported trailing-twelve-month revenue of about €198M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of GLA1V?
The net profit margin of Glaston Oyj is about 0.9%, meaning it keeps roughly 0.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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