LAMDA Development S.A. (LAMDA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of LAMDA Development S.A. stock €5.64, price €5.85, that is 3.5% below the price, quality 37 out of 100. Rating: fairly valued. Calculated from audited financials with 7 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 7, 2026.
How to read this chart
60‑month range €5.16 – €8.43 · fair‑value band €5.59 – €6.02 · the €5.85 price screens above the €5.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow LAMDA Development in your weekly email
Every Wednesday you see whether LAMDA Development 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.
LAMDA Development S.A., together with its subsidiaries, engages in the investment, development, and project management in commercial real estate market in Greece, Serbia, Romania, and Montenegro.
Show moreShow less
Its development portfolio includes three shopping and leisure centers, including the Mall Athens and Golden Hall in Athens, as well as Mediterranean Cosmos in Thessaloniki; office complex in Greece and Romania; and Flisvos Marina in Faliro, as well as the metropolitan redevelopment of Hellinikon Airport area.
The company was founded in 1977 and is based in Marousi, Greece.
Stock analysis
LAMDA Development S.A. (LAMDA) currently trades at €5.85, while our model-based Fair Value estimate is €5.64, so the stock looks roughly fairly valued today (gap 3.6%).
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of €5.64 per share, and 2 of the 7 models we run sit above the €5.85 price.
Bear case: the Multiples group reads lowest at €4.99, and 5 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: €5.59 (bear) to €6.02 (bull), the price of €5.85 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 37/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
LAMDA Development S.A. reported revenue of €567M in FY2025 versus €79.7M in FY2021, a compound +63.3%/yr. Reported net income was €90.5M in FY2025, compounding −17.1%/yr from FY2021.
Key figures
Market cap €995M Small · P/S ratio 1.93 · EPS (TTM) €−0.4500 · Net margin −15.1% · Return on equity −5.8% · Return on assets (EBIT) 2.0% (5-year average) · Operating margin −13.1% · Revenue (TTM) €520M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and at 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 −4%, LAMDA screens richer than that median.
Fair Value models
Bear€5.59Fair Value €5.64Bull€6.02
Price €5.85 · Downside -3.5%
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.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.46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−11.9%
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.
+58.8%
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.
+52.9%
Start year 2020 (pandemic). Over 10 years: +31.8% a year
Revenue growth 11 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.
+26.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 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 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. 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.
+19.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.4%
Dividend (yield on the price)0.0%
Profit margin 2019 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.51% → 13%
2025 sits 152% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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 · 489 stocks
Beats the industry median on 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−3.5% · Below median
Profitability
Return on assets1.8% · Below median
Net margin (12 months)−15.1% · Bottom 25%
Operating margin (12 months)−13.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−40.2% · Bottom 25%
Balance sheet
Debt / equity1.10× · Highest 25%
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). "LAMDA Development S.A. Fair Value". https://www.fairvalue-calculator.com/stock/LAMDA
Frequently asked questions
Is LAMDA Development S.A. (LAMDA) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €5.64 versus a price of €5.85, about 4% lower (fairly valued).
What is the fair value of LAMDA?
Our model-based fair value for LAMDA Development S.A. is €5.64 (as of Nov 7, 2026), built from audited fundamentals. The current price: €5.85.
What is the quality score of LAMDA?
LAMDA Development S.A. has a Quality Score of 37/100. 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 LAMDA Development S.A. (LAMDA)?
Our model-based price target is the fair value of €5.64 (as of Nov 7, 2026) from 7 valuation models. Cautious scenario €5.59, optimistic scenario €6.02. It is a calculation from audited fundamentals, not an analyst target.
What is the LAMDA Development S.A. stock forecast for 2026?
Our models put fair value at €5.64, about 4% lower versus a price of €5.85 (fairly valued). Cautious scenario €5.59, optimistic scenario €6.02. The calculation is refreshed regularly with new filings.
What is the revenue of LAMDA Development S.A. (LAMDA)?
LAMDA Development S.A. reported trailing-twelve-month revenue of about €520M (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of LAMDA Development S.A. (LAMDA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LAMDA Development S.A. it is €5.64 per share (as of Nov 7, 2026), against a price of €5.85. It is the blended result of 7 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is LAMDA Development S.A. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, LAMDA trades above its calculated fair value: price €5.85, fair value €5.64, a gap of about −4% (fairly valued). 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 LAMDA?
No. The price is what the market pays today (€5.85); the fair value is what the company's own numbers justify (€5.64). For LAMDA Development S.A. the two are €0.2050 per share apart. That gap is exactly why we show both numbers side by side.
How much is LAMDA Development S.A. worth?
The market values LAMDA Development S.A. at about €995M (market capitalisation, as of Nov 7, 2026). Per share that is €5.85; our models calculate a fair value of €5.64 per share.
What do the bullish and bearish scenarios say about LAMDA?
Our models span a range for LAMDA Development S.A.: cautious scenario €5.59, base €5.64, optimistic €6.02 per share (as of Nov 7, 2026, price €5.85). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of LAMDA Development S.A. (LAMDA)?
Balance-sheet figures for LAMDA Development S.A. (as of Nov 7, 2026): return on equity −5.8%, debt of 1.10 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is LAMDA from its 52-week high?
LAMDA Development S.A. trades at €5.85, about 23% below its 52-week high of €7.56 and at the low of €5.85 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €5.64 is for.
Which stocks are comparable to LAMDA Development S.A.?
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 LAMDA Development S.A. stock attractive at the current price?
The data as of Nov 7, 2026: price €5.85, calculated fair value €5.64 (−4%), Quality Score 37/100, from 7 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 LAMDA calculated?
We run LAMDA Development S.A. through 7 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €5.64 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. LAMDA Development S.A. 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 LAMDA Development S.A. (LAMDA)?
The closing price on Nov 6, 2026 was €5.85. Our model-based fair value is €5.64, about 4% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LAMDA Development S.A. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (€5.59 to €6.02), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of LAMDA Development S.A.
How large is the market capitalisation of LAMDA Development S.A. (LAMDA)?
The market capitalisation of LAMDA Development S.A. is €995M. 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 LAMDA Development S.A. (LAMDA)?
The price-to-sales ratio of LAMDA Development S.A. is 1.93 (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 LAMDA Development S.A. (LAMDA)?
Earnings per share at LAMDA Development S.A. are €−0.4500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of LAMDA Development S.A. (LAMDA)?
The net margin of LAMDA Development S.A. is −15.1% (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 LAMDA Development S.A. (LAMDA)?
The return on equity (ROE) of LAMDA Development S.A. is −5.8% (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 LAMDA Development S.A. (LAMDA)?
On an EBIT basis the return on assets of LAMDA Development S.A. is 2.0% (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 LAMDA Development S.A. (LAMDA)?
The operating margin of LAMDA Development S.A. is −13.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LAMDA Development S.A. (LAMDA)?
Revenue at LAMDA Development S.A. is growing −40.2% versus a year earlier (3y avg +58.8%). 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 LAMDA Development S.A. (LAMDA)?
Earnings per share at LAMDA Development S.A. are growing +76.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does LAMDA Development S.A. (LAMDA) generate?
The free cash flow of LAMDA Development S.A. is −€121M (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 LAMDA Development S.A. (LAMDA) carry?
The net debt of LAMDA Development S.A. is €712M (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 LAMDA Development S.A. in the live analysis
One click puts LAMDA Development S.A. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 7, 2026