GRK Infra (GRK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of GRK Infra stock €30.46, price €18.86, upside +61.5%, quality 68 out of 100. Rating: strongly undervalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
19‑month range €8.90 – €27.60 · fair‑value band €21.32 – €39.59 · the €18.86 price screens below the €30.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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GRK Infra Oyj provides infrastructure construction services in Finland, Sweden, and Estonia. The company's services include civil engineering, road construction, paving, electricity network construction, rail business, and environmental technology.
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It provides transport infrastructure; bridge construction work, such as waterway and railway bridges; area construction; concrete, steel and composite structures, foundations, industrial construction, bridge, tunnel and construction, and repair; excavation, shoring, and quarrying; systems and structures for railways; maintenance of tracks; and metro lines and trams, as well as designs, repairs, maintains, and builds roads, highways, tracks, and bridges.
The company also offers track engineering, track electrification, and safety equipment; foundations to telecom tower structures; reception, processing, and utilization of waste materials and side streams; construction of sports facilities; production and sale of biochar and pellets; and transmission lines and substations, EPC deliveries, as well as wind, solar and battery energy storage systems.
It serves state administration, municipalities, and cities, as well as the private sector. The company was incorporated in 1983 and is based in Vantaa, Finland.
Stock analysis
GRK Infra (GRK) currently trades at €18.86, while our model-based Fair Value estimate is €30.46, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €59.70 per share, and 15 of the 22 models we run sit above the €18.86 price.
Bear case: the Economic Profit group reads lowest at €11.05, and 7 of the 22 models stay below the price. Data coverage for this calculation is high.
Scenario range: €21.32 (bear) to €39.59 (bull), the price of €18.86 sits below 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 68/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
GRK Infra reported revenue of €872M in FY2025 versus €450M in FY2022, a compound +24.6%/yr. Reported net income was €43.0M in FY2025, compounding +83.4%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap €809M Small · P/E ratio 14.2 · P/S ratio 0.99 · EPS (TTM) €1.33 · Dividend yield 2.3% · Net margin 6.6% · Return on equity 25.3% · Return on assets (EBIT) 9.4% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 62% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 9% fair-value upside, at 62%, GRK screens cheaper than that median.
Fair Value models
Bear€21.32Fair Value €30.46Bull€39.59
Price €18.86 · Upside +61.5%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.7693 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. 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.
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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+19.7%
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.
+24.6%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+87.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+85.6%
Dividend (yield on the price)2.3%
Profit margin 2022 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.3% → 6%
2025 sits 131% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−19.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −20.8% a year for the price and +8.1% for the forecasts.
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.Infrastructure Operations · 60 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+61.5% · Top 25%
Profitability
Return on equity (12 months)25.3% · Top 25%
Return on assets8.3% · Top 25%
Net margin (12 months)6.6% · Below median
Operating margin (12 months)9.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)12.0% · Above median
Dividend yield (12 months)2.3% · Below median
Balance sheet
Debt / equity0.08× · Lowest 25%
Valuation Multiplesvs Infrastructure Operations median · lower = cheaper
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). "GRK Infra Fair Value". https://www.fairvalue-calculator.com/stock/GRK
Frequently asked questions
Is GRK Infra (GRK) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €30.46 versus a price of €18.86, about +62% upside (undervalued).
What is the fair value of GRK?
Our model-based fair value for GRK Infra is €30.46 (as of Nov 5, 2026), built from audited fundamentals. The current price: €18.86.
What is the quality score of GRK?
GRK Infra has a Quality Score of 68/100. 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 GRK Infra (GRK)?
Our model-based price target is the fair value of €30.46 (as of Nov 5, 2026) from 22 valuation models. Cautious scenario €21.32, optimistic scenario €39.59. It is a calculation from audited fundamentals, not an analyst target.
What is the GRK Infra stock forecast for 2026?
Our models put fair value at €30.46, about +62% upside versus a price of €18.86 (undervalued). Cautious scenario €21.32, optimistic scenario €39.59. The calculation is refreshed regularly with new filings.
What is the revenue of GRK Infra (GRK)?
GRK Infra reported trailing-twelve-month revenue of about €818M (latest available figure, as of Nov 5, 2026).
Does GRK Infra pay a dividend?
GRK Infra currently shows a dividend yield of 2.28% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of GRK Infra (GRK) and when is the ex-dividend date?
GRK Infra pays a dividend of €0.43 per share a year, a dividend yield of 2.3%. The last ex-dividend date was Mar 31, 2026. The payout ratio is 32.3% of earnings. Free cash flow covers the dividend 7.80 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into GRK Infra (GRK)?
For today's price to be fair in a discounted-cash-flow model, GRK Infra would have to grow free cash flow by -19.1 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +24.6 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of GRK use?
Our models discount GRK Infra at 11.4 %: a base by market capitalisation (small), country premium for Finland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For GRK Infra that is -19.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has GRK Infra (GRK) delivered so far?
Over the past 3 years revenue at GRK Infra grew +24.6 % a year. The price currently implies free-cash-flow growth of -19.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of GRK Infra (GRK) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into GRK Infra (-19.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of GRK Infra (GRK)?
The free-cash-flow yield on the price is 18.46 %: that much free cash flow GRK Infra produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GRK Infra (GRK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GRK Infra it is €30.46 per share (as of Nov 5, 2026), against a price of €18.86. It is the blended result of 22 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is GRK Infra stock overvalued or undervalued in 2026?
As of Nov 5, 2026, GRK trades below its calculated fair value: price €18.86, fair value €30.46, a gap of about +62% (undervalued). 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 GRK?
No. The price is what the market pays today (€18.86); the fair value is what the company's own numbers justify (€30.46). For GRK Infra the two are €11.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is GRK Infra worth?
The market values GRK Infra at about €809M (market capitalisation, as of Nov 5, 2026). Per share that is €18.86; our models calculate a fair value of €30.46 per share.
What do the bullish and bearish scenarios say about GRK?
Our models span a range for GRK Infra: cautious scenario €21.32, base €30.46, optimistic €39.59 per share (as of Nov 5, 2026, price €18.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GRK?
GRK Infra trades at a price-to-earnings ratio of 14.2 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €30.46 is built from several models across several years. Other multiples: P/B 4.3, P/S 1.0, EV/EBITDA 6.9.
How solid is the balance sheet of GRK Infra (GRK)?
Balance-sheet figures for GRK Infra (as of Nov 5, 2026): return on equity 25.3%, debt of 0.08 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is GRK from its 52-week high?
GRK Infra trades at €18.86, about 32% below its 52-week high of €27.60 and 62% above the low of €11.67 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €30.46 is for.
Which stocks are comparable to GRK Infra?
From the same area (Industrials) we also value Transurban Group, China Merchants Expressway Network & Technology Holdings, Jiangsu Expressway Company, Shandong Hi-speed 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 GRK Infra stock attractive at the current price?
The data as of Nov 5, 2026: price €18.86, calculated fair value €30.46 (+62%), Quality Score 68/100, from 22 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 GRK calculated?
We run GRK Infra through 22 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €30.46 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 13.0% above its aggregate fair value. GRK Infra currently trades 38% below its own fair value, and the market average says nothing about that. 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 GRK Infra (GRK)?
The closing price on Nov 6, 2026 was €18.86. Our model-based fair value is €30.46, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GRK Infra right now?
The price is below even our cautious bear case (€21.32). The market is more pessimistic than our downside scenario. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€21.32 to €39.59) leaves room in how you read the outcome.
Key figures of GRK Infra
How large is the market capitalisation of GRK Infra (GRK)?
The market capitalisation of GRK Infra is €809M. 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 GRK Infra (GRK)?
The price-to-sales ratio of GRK Infra is 0.99 (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 GRK Infra (GRK)?
Earnings per share at GRK Infra are €1.33 (price ÷ EPS = P/E 14.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GRK Infra (GRK)?
The dividend yield of GRK Infra is 2.3% (payout 32.3%). 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 GRK Infra (GRK)?
The net margin of GRK Infra is 6.6% (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 GRK Infra (GRK)?
The return on equity (ROE) of GRK Infra is 25.3% (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 GRK Infra (GRK)?
On an EBIT basis the return on assets of GRK Infra is 9.4% (avg 4y). 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 GRK Infra (GRK)?
The operating margin of GRK Infra is 9.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GRK Infra (GRK)?
Revenue at GRK Infra is growing +12.0% versus a year earlier (3y avg +24.6%). 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 GRK Infra (GRK)?
Earnings per share at GRK Infra are growing +21.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 5, 2026