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Philippos Nakas S.A (NAKAS) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Philippos Nakas S.A stock €2.06, price €3.68, that is 44.0% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Cyclical GR · ISIN GRS387503006

PN Philippos Nakas S.A logo Thin data Nov 3, 2026

Philippos Nakas S.A

NAKAS · AT
Solid, but very expensive

Our calculation puts a fair price 44% below what the stock costs today.

Low debt
Quality 56/100
Mixed Growth (revenue 5y +2.1 %/yr in EUR)
Thin margins · 6.5% net margin (TTM)
Mixed vs. peers (6/13)
Fair value €2.06 · Strongly overvalued
6.3% dividend yield · Pays more than it earns
Narrow moat 43/100 · thin data
Thin data
⚠ Thinly traded
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€3.96 €0.8461 Fair Value €2.06 May 2020 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range €0.8461 – €3.96 · fair‑value band €1.44 – €2.68 · the €3.68 price screens above the €2.06 fair value. As of Nov 3, 2026.

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Company profile

Philippos Nakas S.A. distributes musical instruments in Greece.

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The company operates stores that offer acoustic musical instruments, including pianos, guitars, percussions, wind instruments, strings, etc.; and electronic musical instruments, such as keyboards, electric pianos, electric guitars, electric basses, guitar amplifiers, synthesizers, samplers, multi-effects, midi-files, etc.

Its stores also provide consumer electronics-home systems comprising amplifiers, radio amplifiers, CD and DVD players, CD recorders, plasma TV, projectors, speakers, headphones, cables, and audio mounts and furniture; and professional-audiovisual systems that include mixing consoles, microphones, public address systems, intercom systems, guiding systems, conference systems, telecom systems, stands, and accessories.

In addition, the company's stores offer professional lighting systems, which comprise moving heads, theater lightings, light effects for clubs, truss systems, architectural lighting system LEDs, etc.; professional computer audio products, including sound cards, sound and music software, DSP cards, interfaces and remotes, midi keyboards, etc.; and multimedia products, such as TV cards, video cards, Web cameras, PC and headphones, and DJ products for PC applications.

Further, it publishes music books; and operates Keyboard Music Schools and Philippos Nakas conservatory. The company was founded in 1937 and is headquartered in Paiania, Greece.

Stock analysis

Philippos Nakas S.A (NAKAS) currently trades at €3.68, while our model-based Fair Value estimate is €2.06, 44% 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 €3.34 per share, and 3 of the 23 models we run sit above the €3.68 price.

Bear case: the Asset-Based group reads lowest at €0.5800, and 20 of the 23 models stay below the price. Data coverage for this calculation is low.

Scenario range: €1.44 (bear) to €2.68 (bull), the price of €3.68 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 56/100 (solid quality), in the Consumer Cyclical sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Philippos Nakas S.A reported revenue of €22.0M in FY2022 versus €21.2M in FY2018, a compound +1.0%/yr. Reported net income was €779K in FY2022, compounding +2.3%/yr from FY2018.

Key figures

Market cap €23.3M Micro · P/E ratio 44.9 · P/S ratio 1.59 · EPS (TTM) €0.0820 · Dividend yield 6.3% · Net margin 3.5% · Return on equity 10.1% · Return on assets (EBIT) 4.8% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).

What moves the price

The share trades about 7% below its 52-week high and 11% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −5% fair-value upside, at −44%, NAKAS screens richer than that median.

Fair Value models

Bear €1.44 Fair Value €2.06 Bull €2.68
Price €3.68 · Downside -44.0%
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.
Best data coverage
FCF DCF €0.8400 €1.04 €1.35 82
Growth DCF €0.8500 €1.05 €1.32 79
Residual Income €1.94 €1.94 €2.01 76
All 23 models by family
DCF Models
FCF DCF €0.8400 €1.04 €1.35 82
5Y Revenue Exit €1.44 €2.19 €3.20 72
5Y EBITDA Exit €2.18 €3.46 €5.02 74
5Y P/E Exit €1.45 €2.20 €3.02 70
10Y Revenue Exit €1.13 €1.70 €2.39 66
10Y EBITDA Exit €1.59 €2.48 €3.53 68
10Y P/E Exit €1.18 €1.71 €2.28 64
Earnings-Based
Graham-Dodd €0.8400 €1.57 €1.94 66
EPV €1.50 €1.69 €1.85 74
Dividend Discount
Gordon GGM €1.34 €1.72 €2.08 69
DDM Multi-Stage €1.34 €1.75 €2.19 67
Multiples
P/E Multiple €2.03 €2.70 €3.38 63
P/S Multiple €1.57 €2.09 €2.61 58
P/B Multiple €7.99 €10.65 €13.32 55
EV/EBIT €2.93 €3.86 €4.78 66
EV/EBITDA €3.63 €4.79 €5.95 67
EV/Revenue €2.02 €2.82 €3.63 54
Asset-Based
NCAV (Graham) €0.3800 €0.5800 €0.7300 54
Growth DCF
Growth DCF €0.8500 €1.05 €1.32 79
Rev-Margin DCF €1.44 €2.19 €3.05 72
Economic Profit
Residual Income €1.94 €1.94 €2.01 76
ROIC Compounder €1.50 €1.69 €1.85 72
Growth Earnings
Growth-Adj P/E €1.44 €2.06 €2.68 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 56/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 37
How much profit the company makes from its sales and capital
Quality Growth 61
Are margins and returns getting better?
Cashflow 44
Do the profits arrive as real cash?
Financial strength 62
Debt, balance sheet and risk of trouble
Investment 96
Does it invest with discipline instead of growing at any price?
Low Volatility 90
How calm the share price moves, does not count
Price momentum 51
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 61
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.0%
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.
+0.6%
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.
+2.1%
Revenue growth 7 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.
+1.7%
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.
−7.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.3%
Dividend (yield on the price)6.3%
Profit margin 2017 to 2022 ⓘ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.6% → 6%

NAKAS screens overvalued: fair value 44% below the price. Compare with Alimentation Couche-Tard Inc →

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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.Specialty Retail · 203 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 56 · Below median
Fair Value upside −44.0% · Bottom 25%
Profitability
Return on equity (12 months) 10.1% · Above median
Return on assets 2.7% · Below median
Net margin (12 months) 6.5% · Top 25%
Operating margin (12 months) 10.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 7.2% · Above median
Dividend yield (12 months) 6.3% · Top 25%
Balance sheet
Debt / equity 0.21× · Above median

Valuation Multiplesvs Specialty Retail median · lower = cheaper

P/E (12 months) 44.9× · Priciest 25%
P/B 1.53× · Cheaper than median
P/S (12 months) 0.89× · Pricier than median
EV/EBITDA 8.7× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 50
FUTURE (revenue growth)36 · sector 25
PAST (return on equity)40 · sector 33
HEALTH (low debt)90 · sector 93
DIVIDEND (yield)100 · sector 54

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Retail stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
DICK'S Sporting Goods, Inc DKS $140.82 $201.62 +43% vs NAKAS
Alimentation Couche-Tard Inc ATD C$83.20 C$106.00 +27% vs NAKAS
Ulta Beauty, Inc ULTA $644.76 $650.56 +1% vs NAKAS
Tractor Supply Company TSCO $36.35 $36.33 +0% vs NAKAS
Best Buy Co BBY $99.63 $94.70 −5% vs NAKAS
China Tourism Group 601888 ¥54.22 ¥48.19 −11% vs NAKAS
Five Below, Inc FIVE $240.30 $184.99 −23% vs NAKAS
Williams-Sonoma, Inc WSM $254.06 $164.11 −35% vs NAKAS
Casey's General Stores, Inc CASY $687.64 $405.93 −41% vs NAKAS
GameStop Corp GME $25.12 $11.87 −53% vs NAKAS

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Philippos Nakas S.A: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Philippos Nakas S.A Fair Value". https://www.fairvalue-calculator.com/stock/NAKAS

Frequently asked questions

Is Philippos Nakas S.A (NAKAS) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of €2.06 versus a price of €3.68, about 44% lower (overvalued).
What is the fair value of NAKAS?
Our model-based fair value for Philippos Nakas S.A is €2.06 (as of Nov 3, 2026), built from audited fundamentals. The current price: €3.68.
What is the quality score of NAKAS?
Philippos Nakas S.A has a Quality Score of 56/100. 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 Philippos Nakas S.A (NAKAS)?
Our model-based price target is the fair value of €2.06 (as of Nov 3, 2026) from 23 valuation models. Cautious scenario €1.44, optimistic scenario €2.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Philippos Nakas S.A stock forecast for 2026?
Our models put fair value at €2.06, about 44% lower versus a price of €3.68 (overvalued). Cautious scenario €1.44, optimistic scenario €2.68. The calculation is refreshed regularly with new filings.
What is the revenue of Philippos Nakas S.A (NAKAS)?
Philippos Nakas S.A reported trailing-twelve-month revenue of about €29.1M (latest available figure, as of Nov 3, 2026).
Does Philippos Nakas S.A pay a dividend?
Philippos Nakas S.A currently shows a dividend yield of 6.25% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Philippos Nakas S.A (NAKAS) and when is the ex-dividend date?
Philippos Nakas S.A pays a dividend of €0.23 per share a year, a dividend yield of 6.3%. The last ex-dividend date was Dec 9, 2025. A dividend has been paid every year since 2015. Free cash flow covers the dividend 0.35 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Philippos Nakas S.A (NAKAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Philippos Nakas S.A it is €2.06 per share (as of Nov 3, 2026), against a price of €3.68. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Philippos Nakas S.A stock overvalued or undervalued in 2026?
As of Nov 3, 2026, NAKAS trades above its calculated fair value: price €3.68, fair value €2.06, a gap of about −44% (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 NAKAS?
No. The price is what the market pays today (€3.68); the fair value is what the company's own numbers justify (€2.06). For Philippos Nakas S.A the two are €1.62 per share apart. That gap is exactly why we show both numbers side by side.
How much is Philippos Nakas S.A worth?
The market values Philippos Nakas S.A at about €23.3M (market capitalisation, as of Nov 3, 2026). Per share that is €3.68; our models calculate a fair value of €2.06 per share.
What do the bullish and bearish scenarios say about NAKAS?
Our models span a range for Philippos Nakas S.A: cautious scenario €1.44, base €2.06, optimistic €2.68 per share (as of Nov 3, 2026, price €3.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NAKAS?
Philippos Nakas S.A trades at a price-to-earnings ratio of 44.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €2.06 is built from several models across several years. Other multiples: P/B 1.5, P/S 0.9, EV/EBITDA 8.7.
How solid is the balance sheet of Philippos Nakas S.A (NAKAS)?
Balance-sheet figures for Philippos Nakas S.A (as of Nov 3, 2026): return on equity 10.1%, debt of 0.21 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is NAKAS from its 52-week high?
Philippos Nakas S.A trades at €3.68, about 7% below its 52-week high of €3.96 and 11% above the low of €3.32 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €2.06 is for.
Which stocks are comparable to Philippos Nakas S.A?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, 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 Philippos Nakas S.A stock attractive at the current price?
The data as of Nov 3, 2026: price €3.68, calculated fair value €2.06 (−44%), Quality Score 56/100, from 23 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 NAKAS calculated?
We run Philippos Nakas S.A through 23 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €2.06 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. Philippos Nakas 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 Philippos Nakas S.A (NAKAS)?
The closing price on Nov 9, 2026 was €3.68. Our model-based fair value is €2.06, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Philippos Nakas S.A right now?
The price sits above even our optimistic bull case (€2.68). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€1.44 to €2.68) leaves room in how you read the outcome.

Key figures of Philippos Nakas S.A

How large is the market capitalisation of Philippos Nakas S.A (NAKAS)?
The market capitalisation of Philippos Nakas S.A is €23.3M. 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 Philippos Nakas S.A (NAKAS)?
The price-to-sales ratio of Philippos Nakas S.A is 1.59 (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 Philippos Nakas S.A (NAKAS)?
Earnings per share at Philippos Nakas S.A are €0.0820 (price ÷ EPS = P/E 44.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Philippos Nakas S.A (NAKAS)?
The dividend yield of Philippos Nakas S.A is 6.3%. 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 Philippos Nakas S.A (NAKAS)?
The net margin of Philippos Nakas S.A is 3.5% (fiscal year 2022). 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 Philippos Nakas S.A (NAKAS)?
The return on equity (ROE) of Philippos Nakas S.A is 10.1% (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 Philippos Nakas S.A (NAKAS)?
On an EBIT basis the return on assets of Philippos Nakas S.A is 4.8% (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 Philippos Nakas S.A (NAKAS)?
The operating margin of Philippos Nakas S.A is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Philippos Nakas S.A (NAKAS)?
Revenue at Philippos Nakas S.A is growing +7.2% versus a year earlier (3y avg +0.6%). 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 Philippos Nakas S.A (NAKAS)?
Earnings per share at Philippos Nakas S.A are growing +13.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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