Mivne Real Estate (K.D) Ltd (MVNE) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Mivne Real Estate (K.D) Ltd ILS 11.30, price ILS 11.67, upside -3.2%, quality 65 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 30, 2026.
How to read this chart
60‑month range 7.81 ILA – 15.96 ILA · fair‑value band 6.27 ILA – 16.52 ILA · the 11.67 ILA price screens above the 11.30 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 30, 2026.
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Mivne Real Estate (K.D) Ltd engages in real estate activies in Israel, Switzerland, and France. The company operates through two segments, Income-Producing Real Estate and Residential Real Estate Development. It locates, plans, acquires, develops, constructs, markets, and sells housing units.
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Mivne Real Estate (K.D) Ltd engages in real estate activies in Israel, Switzerland, and France. The company operates through two segments, Income-Producing Real Estate and Residential Real Estate Development. It locates, plans, acquires, develops, constructs, markets, and sells housing units. The company is also involved in development, acquisition, construction, rental, and management of buildings for offices, high-tech, industrial, logistics and commercial purposes, data centres, and housing units. In addition, it operates gas stations; and engages in the renewable energy business. The company was formerly known as Industrial Buildings Corporation Ltd and is changed its name to Mivne Real Estate (K.D) Ltd in March 2020. Mivne Real Estate (K.D) Ltd was incorporated in 1961 and is based in Tel Aviv-Yafo, Israel.
Stock analysis
Mivne Real Estate (K.D) Ltd (MVNE) currently trades at 11.67 ILA, while our model-based Fair Value estimate is 11.30 ILA, so the stock looks roughly fairly valued today (gap 3.3%).
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Valuation
Bull case: the Multiples group reads highest at a median of 13.22 ILA per share, and 7 of the 16 models we run sit above the 11.67 ILA price.
Bear case: the Dividend Discount group reads lowest at 1.36 ILA, and 9 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: 6.27 ILA (bear) to 16.52 ILA (bull), the price of 11.67 ILA 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 65/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Mivne Real Estate (K.D) Ltd reported revenue of 1.5B ILS in FY2025 versus 1.1B ILS in FY2021, a compound +7.6%/yr. Reported net income was 693M ILS in FY2025, compounding −7.4%/yr from FY2021.
Key figures
Market cap 8.4B ILA · P/E ratio 15.4 · P/S ratio 7.23 · EPS (TTM) 0.7600 ILA · Dividend yield 3.0% · Net margin 47.1% · Return on equity 6.2% · Return on assets (EBIT) 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at −3%, MVNE screens cheaper than that median.
Fair Value models
Bear 6.27 ILAFair Value 11.30 ILABull 16.52 ILA
Price 11.67 ILA · Upside -3.2%
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 (0.3226 ILS 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.79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.3%
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.
+12.5%
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.
+7.0%
Start year 2020 (pandemic). Over 10 years: +9.5% 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.
+4.5%
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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.
+4.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.1%
Dividend (yield on the price)3.0%
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.92% → 55%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Israel: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +8.3% a year for the price.
Compare Mivne Real Estate (K.D) Ltd 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 Services · 527 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−3.2% · Below median
Profitability
Return on equity (TTM)6.2% · Above median
Return on assets2.4% · Above median
Net margin (TTM)41.5% · Top 25%
Operating margin (TTM)65.4% · Top 25%
Growth and dividend
Revenue growth−3.7% · Below median
Dividend yield (TTM)3.0% · Below median
Balance sheet
Debt / equity0.86× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Mivne Real Estate (K.D) Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MVNE
Frequently asked questions
Is Mivne Real Estate (K.D) Ltd (MVNE) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of 11.30 ILA versus a price of 11.67 ILA, about −3% upside (fairly valued).
What is the fair value of MVNE?
Our model-based fair value for Mivne Real Estate (K.D) Ltd is 11.30 ILA (as of Sep 30, 2026), built from audited fundamentals. The current price: 11.67 ILA.
What is the quality score of MVNE?
Mivne Real Estate (K.D) Ltd has a Quality Score of 65/100. 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 Mivne Real Estate (K.D) Ltd (MVNE)?
Our model-based price target is the fair value of 11.30 ILA (as of Sep 30, 2026) from 16 valuation models. Cautious scenario 6.27 ILA, optimistic scenario 16.52 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Mivne Real Estate (K.D) Ltd stock forecast for 2026?
Our models put fair value at 11.30 ILA, about −3% upside versus a price of 11.67 ILA (fairly valued). Cautious scenario 6.27 ILA, optimistic scenario 16.52 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Mivne Real Estate (K.D) Ltd (MVNE)?
Mivne Real Estate (K.D) Ltd reported trailing-twelve-month revenue of about 1.3B ILS (latest available figure, as of Sep 30, 2026).
Does Mivne Real Estate (K.D) Ltd pay a dividend?
Mivne Real Estate (K.D) Ltd currently shows a dividend yield of about 2.96% relative to its recent price (as of Sep 30, 2026).
What growth is priced into Mivne Real Estate (K.D) Ltd (MVNE)?
For today's price to be fair in a discounted-cash-flow model, Mivne Real Estate (K.D) Ltd would have to grow free cash flow by +10.5 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.0 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of MVNE use?
Our models discount Mivne Real Estate (K.D) Ltd at 10.1 %: a base by market capitalisation (mid), damped by beta 0.46, country premium for Israel. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Mivne Real Estate (K.D) Ltd that is +10.5 % per year a year over ten years, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Mivne Real Estate (K.D) Ltd (MVNE) delivered so far?
Over the past 5 years revenue at Mivne Real Estate (K.D) Ltd grew +7.0 % a year. The price currently implies +10.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Mivne Real Estate (K.D) Ltd (MVNE) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Mivne Real Estate (K.D) Ltd (+10.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mivne Real Estate (K.D) Ltd (MVNE)?
The free-cash-flow yield on the price is 9.69 %: that much free cash flow Mivne Real Estate (K.D) Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mivne Real Estate (K.D) Ltd (MVNE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mivne Real Estate (K.D) Ltd it is 11.30 ILA per share (as of Sep 30, 2026), against a price of 11.67 ILA. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Mivne Real Estate (K.D) Ltd stock overvalued or undervalued in 2026?
As of Sep 30, 2026, MVNE trades above its calculated fair value: price 11.67 ILA, fair value 11.30 ILA, a gap of about −3% (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 MVNE?
No. The price is what the market pays today (11.67 ILA); the fair value is what the company's own numbers justify (11.30 ILA). For Mivne Real Estate (K.D) Ltd the two are 0.3700 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Mivne Real Estate (K.D) Ltd worth?
The market values Mivne Real Estate (K.D) Ltd at about 8.4B ILA (market capitalisation, as of Sep 30, 2026). Per share that is 11.67 ILA; our models calculate a fair value of 11.30 ILA per share.
What do the bullish and bearish scenarios say about MVNE?
Our models span a range for Mivne Real Estate (K.D) Ltd: cautious scenario 6.27 ILA, base 11.30 ILA, optimistic 16.52 ILA per share (as of Sep 30, 2026, price 11.67 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MVNE?
Mivne Real Estate (K.D) Ltd trades at a price-to-earnings ratio of 15.4 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.30 ILA is built from several models across several years. Other multiples: P/B 1.0, P/S 6.5, EV/EBITDA 18.9.
How solid is the balance sheet of Mivne Real Estate (K.D) Ltd (MVNE)?
Balance-sheet figures for Mivne Real Estate (K.D) Ltd (as of Sep 30, 2026): return on equity 6.2%, debt of 0.86 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is MVNE from its 52-week high?
Mivne Real Estate (K.D) Ltd trades at 11.67 ILA, about 27% below its 52-week high of 15.96 ILA and 1% above the low of 11.60 ILA (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 11.30 ILA is for.
Which stocks are comparable to Mivne Real Estate (K.D) Ltd?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, KE Holdings, Swire Properties 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 Mivne Real Estate (K.D) Ltd stock attractive at the current price?
The data as of Sep 30, 2026: price 11.67 ILA, calculated fair value 11.30 ILA (−3%), Quality Score 65/100, from 16 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 MVNE calculated?
We run Mivne Real Estate (K.D) Ltd through 16 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 11.30 ILA, 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 14.9 % above its aggregate fair value. Mivne Real Estate (K.D) Ltd 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 Mivne Real Estate (K.D) Ltd (MVNE)?
The closing price on Oct 8, 2026 was 11.67 ILA. Our model-based fair value is 11.30 ILA, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mivne Real Estate (K.D) Ltd right now?
The model range is unusually wide (6.27 ILA to 16.52 ILA). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Mivne Real Estate (K.D) Ltd
How large is the market capitalisation of Mivne Real Estate (K.D) Ltd (MVNE)?
The market capitalisation of Mivne Real Estate (K.D) Ltd is 8.4B ILA. 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 Mivne Real Estate (K.D) Ltd (MVNE)?
The price-to-sales ratio of Mivne Real Estate (K.D) Ltd is 7.23 (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 Mivne Real Estate (K.D) Ltd (MVNE)?
Earnings per share at Mivne Real Estate (K.D) Ltd are 0.7600 ILA (price ÷ EPS = P/E 15.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mivne Real Estate (K.D) Ltd (MVNE)?
The dividend yield of Mivne Real Estate (K.D) Ltd is 3.0% (payout 45.4%). 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 Mivne Real Estate (K.D) Ltd (MVNE)?
The net margin of Mivne Real Estate (K.D) Ltd is 47.1% (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 Mivne Real Estate (K.D) Ltd (MVNE)?
The return on equity (ROE) of Mivne Real Estate (K.D) Ltd is 6.2% (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 Mivne Real Estate (K.D) Ltd (MVNE)?
On an EBIT basis the return on assets of Mivne Real Estate (K.D) Ltd is 7.2% (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 Mivne Real Estate (K.D) Ltd (MVNE)?
The operating margin of Mivne Real Estate (K.D) Ltd is 65.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mivne Real Estate (K.D) Ltd (MVNE)?
Revenue at Mivne Real Estate (K.D) Ltd is growing −3.7% versus a year earlier (3y avg +12.5%). 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 Mivne Real Estate (K.D) Ltd (MVNE)?
Earnings per share at Mivne Real Estate (K.D) Ltd are growing −26.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mivne Real Estate (K.D) Ltd (MVNE) carry?
The net debt of Mivne Real Estate (K.D) Ltd is 8.9B ILA (fiscal year 2025, ≈ 10.8 yrs of FCF). 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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