Mirbud SA (MRB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Mirbud SA stock PLN 9.94, price PLN 11.37, that is 12.6% below the price, quality 36 out of 100. Rating: overvalued. Calculated from audited financials with 17 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 5, 2026.
How to read this chart
60‑month range 2.68 PLN – 15.55 PLN · fair‑value band 8.75 PLN – 14.89 PLN · the 11.37 PLN price screens above the 9.94 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Mirbud S.A. operates as a general contractor in the construction industry in Poland.
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The company offers industrial construction services, such as production hall, logistics hall, and cold store and freezer construction, as well as turnkey works and design services; builds hospitals, offices, office buildings, schools, hotels, sports facilities, and football stadiums.
It also engages in the construction of large-scale commercial facilities, including shopping malls, exhibition and market halls, congress, and hotel facilities; road engineering works comprising roads with crossings, junctions, roundabouts, and accompanying infrastructure; and streets, car parks, sidewalks, railway sidings, tram lines, viaducts, and bridges.
In addition, the company is involved in the housing construction and citygenic projects. Mirbud S.A. was founded in 1988 is based in Skierniewice, Poland.
Stock analysis
Mirbud SA (MRB) currently trades at 11.37 PLN, while our model-based Fair Value estimate is 9.94 PLN, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 19.91 PLN per share, and 9 of the 17 models we run sit above the 11.37 PLN price.
Bear case: the Dividend Discount group reads lowest at 1.30 PLN, and 8 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: 8.75 PLN (bear) to 14.89 PLN (bull), the price of 11.37 PLN 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 36/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Mirbud SA reported revenue of 3.0B PLN in FY2025 versus 2.5B PLN in FY2021, a compound +4.2%/yr. Reported net income was 112M PLN in FY2025, compounding −3.2%/yr from FY2021.
Key figures
Market cap 1.3B PLN (≈ $320M) Small · P/E ratio 10.3 · P/S ratio 0.39 · EPS (TTM) 1.10 PLN · Dividend yield 1.8% · Net margin 3.8% · Return on equity 10.4% · Return on assets (EBIT) 8.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −13%, MRB screens cheaper than that median.
Fair Value models
Bear8.75 PLNFair Value 9.94 PLNBull14.89 PLN
Price 11.37 PLN · Downside -12.6%
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 (0.7718 PLN 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.3%
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.
−3.8%
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.
+18.9%
Start year 2020 (pandemic). Over 10 years: +14.5% a year
Revenue growth 17 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.
+16.0%
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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.
+11.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.0%
Dividend (yield on the price)1.8%
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.10.0% vs 17.0%, slowing
Profit margin 2018 to 2024 ⓘ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.5% → 6%
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.Engineering & Construction · 791 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−12.6% · Below median
Profitability
Return on equity (12 months)10.4% · Above median
Return on assets3.9% · Above median
Net margin (12 months)3.8% · Above median
Operating margin (12 months)5.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)26.4% · Top 25%
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Engineering & Construction 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). "Mirbud SA Fair Value". https://www.fairvalue-calculator.com/stock/MRB
Frequently asked questions
Is Mirbud SA (MRB) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 9.94 PLN versus a price of 11.37 PLN, about 13% lower (overvalued).
What is the fair value of MRB?
Our model-based fair value for Mirbud SA is 9.94 PLN (as of Nov 5, 2026), built from audited fundamentals. The current price: 11.37 PLN.
What is the quality score of MRB?
Mirbud SA 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 Mirbud SA (MRB)?
Our model-based price target is the fair value of 9.94 PLN (as of Nov 5, 2026) from 17 valuation models. Cautious scenario 8.75 PLN, optimistic scenario 14.89 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Mirbud SA stock forecast for 2026?
Our models put fair value at 9.94 PLN, about 13% lower versus a price of 11.37 PLN (overvalued). Cautious scenario 8.75 PLN, optimistic scenario 14.89 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Mirbud SA (MRB)?
Mirbud SA reported trailing-twelve-month revenue of about 3.2B PLN (latest available figure, as of Nov 5, 2026).
Does Mirbud SA pay a dividend?
Mirbud SA currently shows a dividend yield of 1.76% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Mirbud SA (MRB) and when is the ex-dividend date?
Mirbud SA pays a dividend of 0.2 PLN per share a year, a dividend yield of 1.8%. The last ex-dividend date was Jun 30, 2026. A dividend has been paid every year since 2020. The payout ratio is 18.2% 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 Mirbud SA (MRB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mirbud SA it is 9.94 PLN per share (as of Nov 5, 2026), against a price of 11.37 PLN. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Mirbud SA stock overvalued or undervalued in 2026?
As of Nov 5, 2026, MRB trades above its calculated fair value: price 11.37 PLN, fair value 9.94 PLN, a gap of about −13% (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 MRB?
No. The price is what the market pays today (11.37 PLN); the fair value is what the company's own numbers justify (9.94 PLN). For Mirbud SA the two are 1.43 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Mirbud SA worth?
The market values Mirbud SA at about 1.3B PLN (market capitalisation, as of Nov 5, 2026). Per share that is 11.37 PLN; our models calculate a fair value of 9.94 PLN per share.
What do the bullish and bearish scenarios say about MRB?
Our models span a range for Mirbud SA: cautious scenario 8.75 PLN, base 9.94 PLN, optimistic 14.89 PLN per share (as of Nov 5, 2026, price 11.37 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MRB?
Mirbud SA trades at a price-to-earnings ratio of 10.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9.94 PLN is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 3.8. Other multiples: P/B 1.1, P/S 0.4, EV/EBITDA 5.0.
How solid is the balance sheet of Mirbud SA (MRB)?
Balance-sheet figures for Mirbud SA (as of Nov 5, 2026): return on equity 10.4%, debt of 0.16 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is MRB from its 52-week high?
Mirbud SA trades at 11.37 PLN, about 24% below its 52-week high of 14.95 PLN and 16% above the low of 9.76 PLN (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 9.94 PLN is for.
Which stocks are comparable to Mirbud SA?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, 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 Mirbud SA stock attractive at the current price?
The data as of Nov 5, 2026: price 11.37 PLN, calculated fair value 9.94 PLN (−13%), Quality Score 36/100, from 17 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 MRB calculated?
We run Mirbud SA through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 9.94 PLN 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. Mirbud SA 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 Mirbud SA (MRB)?
The closing price on Nov 6, 2026 was 11.37 PLN. Our model-based fair value is 9.94 PLN, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mirbud SA right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Mirbud SA (MRB) come from?
Earnings per share at Mirbud SA grew +21.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.9 %, EBIT margin +4.1 %, tax rate +0.2 %, residual (interest, one-offs) +3.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Mirbud SA
How large is the market capitalisation of Mirbud SA (MRB)?
The market capitalisation of Mirbud SA is 1.3B PLN (≈ $320M). 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 Mirbud SA (MRB)?
The price-to-sales ratio of Mirbud SA is 0.39 (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 Mirbud SA (MRB)?
Earnings per share at Mirbud SA are 1.10 PLN (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mirbud SA (MRB)?
The dividend yield of Mirbud SA is 1.8% (payout 18.2%). 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 Mirbud SA (MRB)?
The net margin of Mirbud SA is 3.8% (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 Mirbud SA (MRB)?
The return on equity (ROE) of Mirbud SA is 10.4% (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 Mirbud SA (MRB)?
On an EBIT basis the return on assets of Mirbud SA is 8.5% (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 Mirbud SA (MRB)?
The operating margin of Mirbud SA is 5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mirbud SA (MRB)?
Revenue at Mirbud SA is growing +26.4% versus a year earlier (3y avg −3.8%). 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 Mirbud SA (MRB)?
Earnings per share at Mirbud SA are growing +68.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mirbud SA (MRB) generate?
The free cash flow of Mirbud SA is −89.4M PLN (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 Mirbud SA (MRB) carry?
The net debt of Mirbud SA is 343M PLN (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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Broad data
Nov 5, 2026