Investco Holding (INVES) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Investco Holding TRY 107, price TRY 695, upside -84.7%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
55‑month range 24.44 TRY – 857.00 TRY · fair‑value band 79.96 TRY – 133.26 TRY · the 695.00 TRY price screens above the 106.61 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Investco Holding A.S. operates as an investment company in Europe, the Middle East, Asia, Africa, North and South America, and Turkey. The company invests in companies operating in renewable energy, mining, chemistry, iron-steel, technology and software, venture capital, food, and healthcare industries.
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Investco Holding A.S. operates as an investment company in Europe, the Middle East, Asia, Africa, North and South America, and Turkey. The company invests in companies operating in renewable energy, mining, chemistry, iron-steel, technology and software, venture capital, food, and healthcare industries. The company was incorporated in 2011 and is based in Istanbul, Turkey.
Stock analysis
Investco Holding (INVES) currently trades at 695.00 TRY, while our model-based Fair Value estimate is 106.61 TRY, 84.7% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 79.96 TRY (bear) to 133.26 TRY (bull), the price of 695.00 TRY sits above 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 36/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Investco Holding reported revenue of 53.3M TRY in FY2025 versus 313M TRY in FY2021, a compound −35.7%/yr. Reported net income was −2.1B TRY in FY2025.
Key figures
Market cap 149B TRY (≈ $3.0B) · P/E ratio 37.0 · P/S ratio 14.5 · EPS (TTM) 18.76 TRY · Net margin 112% · Return on equity 39.2% · Return on assets (EBIT) 25.2% · Operating margin 99.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 253% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at −85%, INVES screens richer than that median.
Fair Value models
Bear 79.96 TRYFair Value 106.61 TRYBull 133.26 TRY
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 (14.19 TRY 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.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.19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−98.7%
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.
−77.4%
Revenue growth 5 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.
−0.6%
Start year 2020 (pandemic)
Revenue growth 6 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.
−7.0%
’19
’20
’21
’22
’24
’25
Profit margin (trend) ⓘ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.
9.1% (2020) → −3,480.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Asset Management · 657 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−84.7% · Bottom 25%
Profitability
Return on equity (TTM)39.2% · Top 25%
Return on assets26.1% · Top 25%
Net margin (TTM)111.5% · Top 25%
Operating margin (TTM)99.8% · Top 25%
Growth and dividend
Revenue growth582.0% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (TTM)37.0× · Priciest 25%
P/B6.35× · Priciest 25%
P/S (TTM)14.54× · Priciest 25%
EV/EBITDA10.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 60
FUTURE (revenue growth)100· sector 35
PAST (return on equity)100· sector 21
HEALTH (low debt)100· sector 95
DIVIDEND (yield)0· sector 81
VALUE 0: the price sits above our fair-value range.
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). "Investco Holding Fair Value". https://www.fairvalue-calculator.com/stock/INVES
Frequently asked questions
Is Investco Holding (INVES) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 106.61 TRY versus a price of 695.00 TRY, about −85% upside (overvalued).
What is the fair value of INVES?
Our model-based fair value for Investco Holding is 106.61 TRY (as of Sep 24, 2026), built from audited fundamentals. The current price: 695.00 TRY.
What is the quality score of INVES?
Investco Holding has a Quality Score of 36/100. 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 Investco Holding (INVES)?
Our model-based price target is the fair value of 106.61 TRY (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 79.96 TRY, optimistic scenario 133.26 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Investco Holding stock forecast for 2026?
Our models put fair value at 106.61 TRY, about −85% upside versus a price of 695.00 TRY (overvalued). Cautious scenario 79.96 TRY, optimistic scenario 133.26 TRY. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Investco Holding (INVES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Investco Holding it is 106.61 TRY per share (as of Sep 24, 2026), against a price of 695.00 TRY. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Investco Holding stock overvalued or undervalued in 2026?
As of Sep 24, 2026, INVES trades above its calculated fair value: price 695.00 TRY, fair value 106.61 TRY, a gap of about −85% (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 INVES?
No. The price is what the market pays today (695.00 TRY); the fair value is what the company's own numbers justify (106.61 TRY). For Investco Holding the two are 588.39 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Investco Holding worth?
The market values Investco Holding at about 149B TRY (market capitalisation, as of Sep 24, 2026). Per share that is 695.00 TRY; our models calculate a fair value of 106.61 TRY per share.
What do the bullish and bearish scenarios say about INVES?
Our models span a range for Investco Holding: cautious scenario 79.96 TRY, base 106.61 TRY, optimistic 133.26 TRY per share (as of Sep 24, 2026, price 695.00 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INVES?
Investco Holding trades at a price-to-earnings ratio of 37.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 106.61 TRY is built from several models across several years. Other multiples: P/B 6.4, P/S 14.5, EV/EBITDA 10.8.
How solid is the balance sheet of Investco Holding (INVES)?
Balance-sheet figures for Investco Holding (as of Sep 24, 2026): return on equity 39.2%. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is INVES from its 52-week high?
Investco Holding trades at 695.00 TRY, about 19% below its 52-week high of 857.00 TRY and 253% above the low of 197.00 TRY (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 106.61 TRY is for.
Which stocks are comparable to Investco Holding?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, Inc, 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 Investco Holding stock attractive at the current price?
The data as of Sep 24, 2026: price 695.00 TRY, calculated fair value 106.61 TRY (−85%), Quality Score 36/100, from 2 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 INVES calculated?
We run Investco Holding through 2 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 106.61 TRY, 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 14.5 % above its aggregate fair value. Investco Holding 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 Investco Holding (INVES)?
The closing price on Oct 2, 2026 was 695.00 TRY. Our model-based fair value is 106.61 TRY, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Investco Holding right now?
The price sits above even our optimistic bull case (133.26 TRY). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Investco Holding
How large is the market capitalisation of Investco Holding (INVES)?
The market capitalisation of Investco Holding is 149B TRY (≈ $3.0B). 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 Investco Holding (INVES)?
The price-to-sales ratio of Investco Holding is 14.5 (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 Investco Holding (INVES)?
Earnings per share at Investco Holding are 18.76 TRY (price ÷ EPS = P/E 37.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Investco Holding (INVES)?
The net margin of Investco Holding is 112% (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 Investco Holding (INVES)?
The return on equity (ROE) of Investco Holding is 39.2% (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 Investco Holding (INVES)?
On an EBIT basis the return on assets of Investco Holding is 25.2% (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 Investco Holding (INVES)?
The operating margin of Investco Holding is 99.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Investco Holding (INVES)?
Revenue at Investco Holding is growing +582% versus a year earlier (3y avg −77.4%). 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 Investco Holding (INVES)?
Earnings per share at Investco Holding are growing −69.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Investco Holding (INVES) generate?
The free cash flow of Investco Holding is −244M TRY (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 Investco Holding (INVES) carry?
The net debt of Investco Holding is 11.0M TRY (fiscal year 2019). 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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