Instone Real Estate Group AG (INS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Instone Real Estate Group AG €10.13, price €6.68, upside +51.7%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Instone Real Estate Group AG for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €4.06 – €21.88 · fair‑value band €7.70 – €12.20 · the €6.68 price screens below the €10.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow Instone Real Estate Group in your weekly email
Every Wednesday you see whether Instone Real Estate Group is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Instone Real Estate Group SE, together with its subsidiaries, develops residential real estate properties in Germany. The company develops single and multi-family buildings, publicly subsidized housing, designs modern residential neighborhood, and renovates listed properties.
Show more
Instone Real Estate Group SE, together with its subsidiaries, develops residential real estate properties in Germany. The company develops single and multi-family buildings, publicly subsidized housing, designs modern residential neighborhood, and renovates listed properties. It also sells and rents residential quarters with apartments and refurbishes listed buildings for residential use. Instone Real Estate Group SE was founded in 1991 and is headquartered in Essen, Germany.
Stock analysis
Instone Real Estate Group AG (INS) currently trades at €6.68, while our model-based Fair Value estimate is €10.13, implying the stock looks roughly 34.1% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of €18.68 per share, and 9 of the 15 models we run sit above the €6.68 price.
Bear case: the Earnings-Based group reads lowest at €2.69, and 6 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: €7.70 (bear) to €12.20 (bull), the price of €6.68 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 49/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Instone Real Estate Group AG reported revenue of €412M in FY2025 versus €741M in FY2021, a compound −13.6%/yr. Reported net income was €44.6M in FY2025, compounding −14.4%/yr from FY2021.
Key figures
Market cap €315M · P/E ratio 5.7 · P/S ratio 0.61 · EPS (TTM) €1.18 · Dividend yield 6.4% · Net margin 10.8% · Return on equity 8.4% · Return on assets (EBIT) 3.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 52%, INS screens richer than that median.
Fair Value models
Bear €7.70Fair Value €10.13Bull €12.20
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 (€0.5507 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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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.
−3.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.3%
Dividend (yield on the price)6.4%
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.−10% vs 9%, 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.17% → 4%
Compare Instone Real Estate Group AG with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Real Estate - Development · 578 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Above median
Fair Value upside+52% · Above median
Profitability
Return on equity (TTM)8% · Above median
Return on assets1% · Above median
Net margin (TTM)13% · Above median
Operating margin (TTM)41% · Top 25%
Growth and dividend
Revenue growth−25% · Below median
Dividend yield (TTM)6.4% · Top 25%
Balance sheet
Debt / equity0.54× · Above median
Valuation Multiplesvs Real Estate - Development 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). "Instone Real Estate Group AG Fair Value". https://www.fairvalue-calculator.com/stock/INS
Frequently asked questions
Is Instone Real Estate Group AG (INS) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €10.13 versus a price of €6.68, about +52% upside (undervalued).
What is the fair value of INS?
Our model-based fair value for Instone Real Estate Group AG is €10.13 (as of Sep 23, 2026), built from audited fundamentals. The current price: €6.68.
What is the quality score of INS?
Instone Real Estate Group AG has a Quality Score of 49/100. 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 Instone Real Estate Group AG (INS)?
Our model-based price target is the fair value of €10.13 (as of Sep 23, 2026) from 15 valuation models. Cautious scenario €7.70, optimistic scenario €12.20. It is a calculation from audited fundamentals, not an analyst target.
What is the Instone Real Estate Group AG stock forecast for 2026?
Our models put fair value at €10.13, about +52% upside versus a price of €6.68 (undervalued). Cautious scenario €7.70, optimistic scenario €12.20. The calculation is refreshed regularly with new filings.
What is the revenue of Instone Real Estate Group AG (INS)?
Instone Real Estate Group AG reported trailing-twelve-month revenue of about €386M (latest available figure, as of Sep 23, 2026).
Does Instone Real Estate Group AG pay a dividend?
Instone Real Estate Group AG currently shows a dividend yield of about 6.44% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Instone Real Estate Group AG (INS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Instone Real Estate Group AG it is €10.13 per share (as of Sep 23, 2026), against a price of €6.68. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Instone Real Estate Group AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, INS trades below its calculated fair value: price €6.68, fair value €10.13, a gap of about +52% (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 INS?
No. The price is what the market pays today (€6.68); the fair value is what the company's own numbers justify (€10.13). For Instone Real Estate Group AG the two are €3.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Instone Real Estate Group AG worth?
The market values Instone Real Estate Group AG at about €315M (market capitalisation, as of Sep 23, 2026). Per share that is €6.68; our models calculate a fair value of €10.13 per share.
What do the bullish and bearish scenarios say about INS?
Our models span a range for Instone Real Estate Group AG: cautious scenario €7.70, base €10.13, optimistic €12.20 per share (as of Sep 23, 2026, price €6.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INS?
Instone Real Estate Group AG trades at a price-to-earnings ratio of 5.7 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €10.13 is built from several models across several years. Other multiples: P/B 0.6, P/S 0.9, EV/EBITDA 9.0.
How solid is the balance sheet of Instone Real Estate Group AG (INS)?
Balance-sheet figures for Instone Real Estate Group AG (as of Sep 23, 2026): return on equity 8.4%, debt of 0.54 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is INS from its 52-week high?
Instone Real Estate Group AG trades at €6.68, about 29% below its 52-week high of €9.43 and 11% above the low of €6.00 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €10.13 is for.
Which stocks are comparable to Instone Real Estate Group AG?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Instone Real Estate Group AG stock attractive at the current price?
The data as of Sep 23, 2026: price €6.68, calculated fair value €10.13 (+52%), Quality Score 49/100, from 15 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 INS calculated?
We run Instone Real Estate Group AG through 15 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 €10.13, 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 14.1 % above its aggregate fair value. Instone Real Estate Group AG currently trades 52 % 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 Instone Real Estate Group AG (INS)?
The closing price on Sep 23, 2026 was €6.68. Our model-based fair value is €10.13, about +52% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Instone Real Estate Group AG right now?
The price is below even our cautious bear case (€7.70). The market is more pessimistic than our downside scenario. Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Instone Real Estate Group AG
How large is the market capitalisation of Instone Real Estate Group AG (INS)?
The market capitalisation of Instone Real Estate Group AG is €315M. 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 Instone Real Estate Group AG (INS)?
The price-to-sales ratio of Instone Real Estate Group AG is 0.61 (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 Instone Real Estate Group AG (INS)?
Earnings per share at Instone Real Estate Group AG are €1.18 (price ÷ EPS = P/E 5.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Instone Real Estate Group AG (INS)?
The dividend yield of Instone Real Estate Group AG is 6.4% (payout 36.4%). 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 Instone Real Estate Group AG (INS)?
The net margin of Instone Real Estate Group AG is 10.8% (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 Instone Real Estate Group AG (INS)?
The return on equity (ROE) of Instone Real Estate Group AG is 8.4% (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 Instone Real Estate Group AG (INS)?
On an EBIT basis the return on assets of Instone Real Estate Group AG is 3.6% (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 Instone Real Estate Group AG (INS)?
The operating margin of Instone Real Estate Group AG is 40.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Instone Real Estate Group AG (INS)?
Revenue at Instone Real Estate Group AG is growing −25.2% versus a year earlier (3y avg −10.1%). 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 Instone Real Estate Group AG (INS)?
Earnings per share at Instone Real Estate Group AG are growing +62.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Instone Real Estate Group AG (INS) generate?
The free cash flow of Instone Real Estate Group AG is −€31.8M (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 Instone Real Estate Group AG (INS) carry?
The net debt of Instone Real Estate Group AG is €133M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Instone Real Estate Group AG in the live analysis
One click puts Instone Real Estate Group AG on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
