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GVS S.p.A (GVS) Fair Value & Analysis

Industrials · IT · Market cap €805M

GS GVS S.p.A GVS · MI
Price€4.89
Fair Value€1.97
Upside-59.7%
Quality51/100
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Mixed Growth
Thin margins · 6.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 44/100
Evidence: High Range €1.55 – €2.58 Share as image

Fair value as of: Jul 16, 2026

From 23 valuation models · updated 25 days ago

Share price +15.1% over the past month.

A solid business, but screening 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€2.58). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€16.85 €3.00 Fair Value €1.97 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €3.00 – €16.85 · fair‑value band €1.55 – €2.58 · the €4.89 price screens above the €1.97 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

GVS S.p.A (GVS) currently trades at €4.89, while our model-based Fair Value estimate is €1.97, implying the stock looks roughly 59.7% overvalued today. The Quality Score stands at 51/100 (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, GVS S.p.A generated revenue of €422M at a net margin of 6.6%. Revenue declined 2.1% year over year. It earns a return on equity of 6.2%. Net debt stands at €210M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €1.55 (bear case) to €2.58 (bull case); at €4.89, 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 15% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -60%, GVS screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF €0.0700 €0.3700 €0.7900 80
Residual Income €1.64 €1.60 €1.34 76
Rev-Margin DCF €1.39 €2.99 €4.94 74
All 23 models by family
DCF Models
FCF DCF €0.0700 €0.4000 €0.8800 38
5Y Revenue Exit €1.39 €3.05 €5.29 39
5Y EBITDA Exit €2.70 €5.62 €9.22 41
5Y P/E Exit €0.5600 €1.42 €2.36 38
10Y Revenue Exit €0.7700 €2.08 €4.03 36
10Y EBITDA Exit €1.63 €3.75 €6.90 37
10Y P/E Exit €0.3500 €1.01 €1.89 35
Earnings-Based
Graham-Dodd €0.6700 €2.60 €3.53 54
Lynch FV €0.6400 €0.9100 €1.18 50
PEG = 1.0 €0.6400 €0.9100 €1.18 46
EPV €1.74 €2.05 €2.31 59
Multiples
P/E Multiple €1.55 €2.06 €2.58 63
P/S Multiple €1.25 €1.67 €2.09 58
P/B Multiple €1.25 €1.67 €2.09 55
EV/EBIT €3.49 €4.83 €6.17 53
EV/EBITDA €4.90 €6.71 €8.52 54
EV/Revenue €2.33 €3.55 €4.77 43
Asset-Based
NCAV (Graham) €1.17 €1.56 €2.33 50
Growth DCF
Growth DCF €0.0700 €0.3700 €0.7900 80
Rev-Margin DCF €1.39 €2.99 €4.94 74
Economic Profit
Residual Income €1.64 €1.60 €1.34 76
ROIC Compounder €1.74 €2.05 €2.31 72
Growth Earnings
Growth-Adj P/E €1.14 €1.64 €2.13 68

Widest divergence: DCF Models (€2.08) versus Growth DCF (€0.3700). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €422M
Revenue growth (YoY) -2.1%
Net margin 6.6%
Return on equity 6.2%
Free cash flow €11.3M FY2025
P/E ratio 43.0
More key figures
Operating margin 16.4%
EPS (TTM) €0.1000
EPS growth (YoY) +503%
Net debt €210M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 52 · Market factors (momentum, volatility) 50

Profitability 35
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 76
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

GVS S.p.A., together with its subsidiaries, produces and sells filter solutions for applications in the healthcare and life sciences, energy and mobility, and health and safety sectors in Italy and internationally.

Full company description

GVS S.p.A., together with its subsidiaries, produces and sells filter solutions for applications in the healthcare and life sciences, energy and mobility, and health and safety sectors in Italy and internationally. The company offers health and safety products, such as hand dryer and vacuum cleaner filters; nailstation COSMO products; fume extraction and HVAC building products; and disposable masks, half masks, integra masks, powered air purifying respirators, face fit testing, replacement filters, supplied air respirators, spare parts, and accessories. It also provides autoclave filters, insufflation and ventilation filters and kits, machine filters, respiratory and anesthesia filters, smoke evacuation filters and kits, spirometry filters and accessories, suction filters, and tracheal humidifier filters; healthcare liquid products, such as bacterial air vents, blood tubular filters, infusion disc filters, IV and liquid filters, IV flow regulators, medical bags and components, sterile infusion sets and accessories, stopcock and manifold products, and transducer protectors; and capsule and cartridge filters, disc and sheet membranes, mini roll membranes, DNA/RNA test kits, filter papers, microbiology products, microfiltration devices, microporous and track etched roll membranes, protein microarrays, and environmental monitoring products, as well as western blotting membranes and reagents. In addition, the company offers energy and mobility products, such as fuel tanks and pumps, metal components, reservoirs, and SCR urea systems; ABS, ESP, and brake systems; EV applications and batteries; injection, tank vapour ventilation, and transmission products; ventilation systems; and cabin air and HVAC systems, and engine air intake ventilation filters. The company was formerly known as GVS S.r.l. and changed its name to GVS S.p.A. in 2001. GVS S.p.A. was founded in 1979 and is headquartered in Zola Predosa, Italy. GVS S.p.A. operates as a subsidiary of GVS Group S.r.l.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GVS S.p.A reported revenue of €425M in FY2025 versus €340M in FY2021, a compound +5.7%/yr. Reported net income was €18.4M in FY2025, compounding −27.7%/yr from FY2021.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€425M
Latest YoY
−0.9%
Avg. growth/yr (3Y)
+2.9%
Avg. growth/yr (5Y)
+3.1%
Avg. growth/yr (9Y)
+13.2%
Revenue +5.7%/yr
FY21 €340M
FY22 €390M
FY23 €425M
FY24 €429M
FY25 €425M
Net income −27.7%/yr
FY21 €67.6M
FY22 €24.1M
FY23 €13.6M
FY24 €33.4M
FY25 €18.4M

GVS screens 60% overvalued. Compare with Veralto Corporation →

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Cite: Fair Value Calculator (2026). "GVS S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/GVS

Peer Group

Pollution & Treatment Controls · 91 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 51 · Above median
Fair Value upside −60% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 16% · Top 25%
Revenue growth -2% · Below median
Debt / equity 0.41× · Higher than 75% of peers

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/E (TTM) 43.0× · Pricier than 75% of peers
P/B 2.13× · Pricier than median
P/S (TTM) 2.20× · Pricier than median
P/FCF 82.6× · Pricier than 75% of peers
EV/EBITDA 9.7× · Cheaper than median

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 14
PAST 25 · sector 10
HEALTH 80 · sector 95
DIVIDEND 0 · sector 37

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

Insider activity: 30/100

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 Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $94.21 $69.11 -27%
Zurn Elkay Water Solutions Corporation ZWS $47.63 $24.92 -48%
Canmax Technologies Co 300390 ¥57.02 ¥10.41 -82%
CECO Environmental Corp CECO $83.63 $15.19 -82%
Fujian Longking Co 600388 ¥17.58 ¥15.59 -11%
Munters Group MTRS kr 166.60 kr 16.90 -90%
China Conch Venture Holdings 0586 HK$8.83 HK$14.14 +60%
Mega Union Technology Inc 6944 1,005 TWD 539.58 TWD -46%
MayAir Technology (China) Co 688376 ¥96.57 ¥18.80 -81%
Shanghai Emperor of Cleaning Hi-Tech Co 603200 ¥38.97 ¥5.73 -85%

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Frequently asked questions

Is GVS S.p.A (GVS) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €1.97 versus a price of €4.89, about −60% (overvalued).
What is the fair value of GVS?
Our model-based fair value for GVS S.p.A is €1.97 (as of Jul 16, 2026), built from audited fundamentals. The current price is €4.89.
What is the quality score of GVS?
GVS S.p.A has a Quality Score of 51/100. 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 GVS S.p.A (GVS)?
GVS S.p.A reported trailing-twelve-month revenue of about €422M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of GVS?
The net profit margin of GVS S.p.A is about 6.6%, meaning it keeps roughly 6.6% 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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