Instone Real Estate Group AG (INS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Instone Real Estate Group AG stock €4.72, price €5.58, that is 15.4% below the price, quality 46 out of 100. Rating: overvalued. Calculated from audited financials with 9 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 8, 2026.
How to read this chart
60‑month range €4.06 – €20.87 · fair‑value band €3.17 – €6.67 · the €5.58 price screens above the €4.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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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.
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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 €5.58, while our model-based Fair Value estimate is €4.72, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of €10.45 per share, and 4 of the 9 models we run sit above the €5.58 price.
Bear case: the Dividend Discount group reads lowest at €3.59, and 5 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €3.17 (bear) to €6.67 (bull), the price of €5.58 sits inside 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 46/100 (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 €242M Micro · P/E ratio 5.1 · P/S ratio 0.55 · EPS (TTM) €1.10 · Dividend yield 7.7% · Net margin 10.8% · Return on equity 3.4% · Return on assets (EBIT) 3.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at −15%, INS screens richer than that median.
Fair Value models
Bear€3.17Fair Value €4.72Bull€6.67
Price €5.58 · Downside -15.4%
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 (€0.5745 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.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.
−2.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.3%
Dividend (yield on the price)7.7%
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.−10.3% vs 9.2%, 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.
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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.Real Estate - Development · 489 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−15.4% · Below median
Profitability
Return on equity (12 months)3.4% · Below median
Return on assets2.4% · Above median
Net margin (12 months)5.2% · Below median
Operating margin (12 months)4.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−14.1% · Below median
Dividend yield (12 months)7.7% · 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 Nov 8, 2026, our model estimates a fair value of €4.72 versus a price of €5.58, about 15% lower (overvalued).
What is the fair value of INS?
Our model-based fair value for Instone Real Estate Group AG is €4.72 (as of Nov 8, 2026), built from audited fundamentals. The current price: €5.58.
What is the quality score of INS?
Instone Real Estate Group AG has a Quality Score of 46/100. 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 €4.72 (as of Nov 8, 2026) from 9 valuation models. Cautious scenario €3.17, optimistic scenario €6.67. 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 €4.72, about 15% lower versus a price of €5.58 (overvalued). Cautious scenario €3.17, optimistic scenario €6.67. 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 €380M (latest available figure, as of Nov 8, 2026).
Does Instone Real Estate Group AG pay a dividend?
Instone Real Estate Group AG currently shows a dividend yield of 7.71% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Instone Real Estate Group AG (INS) and when is the ex-dividend date?
Instone Real Estate Group AG pays a dividend of €0.43 per share a year, a dividend yield of 7.7%. The last ex-dividend date was Jun 4, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 39.1% of earnings. 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 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 €4.72 per share (as of Nov 8, 2026), against a price of €5.58. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Instone Real Estate Group AG stock overvalued or undervalued in 2026?
As of Nov 8, 2026, INS trades above its calculated fair value: price €5.58, fair value €4.72, a gap of about −15% (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 INS?
No. The price is what the market pays today (€5.58); the fair value is what the company's own numbers justify (€4.72). For Instone Real Estate Group AG the two are €0.8600 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 €242M (market capitalisation, as of Nov 8, 2026). Per share that is €5.58; our models calculate a fair value of €4.72 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 €3.17, base €4.72, optimistic €6.67 per share (as of Nov 8, 2026, price €5.58). 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 5.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €4.72 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 10.6. Other multiples: P/B 0.4, P/S 0.6, EV/EBITDA 10.2.
How solid is the balance sheet of Instone Real Estate Group AG (INS)?
Balance-sheet figures for Instone Real Estate Group AG (as of Nov 8, 2026): return on equity 3.4%, debt of 0.54 per unit of equity. They feed the Quality Score of 46/100, 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 €5.58, about 41% below its 52-week high of €9.43 and 3% above the low of €5.40 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €4.72 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, CK Asset Holdings, DLF Limited, 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 Nov 8, 2026: price €5.58, calculated fair value €4.72 (−15%), Quality Score 46/100, from 9 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 9 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €4.72 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 13.3% above its aggregate fair value. Instone Real Estate Group AG 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 Instone Real Estate Group AG (INS)?
The closing price on Nov 6, 2026 was €5.58. Our model-based fair value is €4.72, about 15% lower (overvalued). 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?
Weak quality (46/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (€3.17 to €6.67) leaves room in how you read the outcome. 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 €242M. 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 0.55 (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 €1.10 (price ÷ EPS = P/E 5.1). 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 7.7% (payout 39.1%). 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 3.4% (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 4.3% (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 −14.1% 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 −95.1% 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.
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Nov 8, 2026