New England Realty Associates LP (NEN) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of New England Realty Associates LP $79.87, price $50.00, upside +59.7%, quality 46 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 23, 2026.
How to read this chart
60‑month range $50.00 – $79.07 · fair‑value band $79.40 – $80.44 · the $50.00 price screens below the $79.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling of real estate properties in the United States.
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New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling of real estate properties in the United States. The company owns and operates various residential buildings and properties; mixed use residential, retail, and office properties; commercial properties; and condominium units located in Massachusetts and New Hampshire. New England Realty Associates Limited Partnership was incorporated in 1977 and is headquartered in Allston, Massachusetts.
Stock analysis
New England Realty Associates LP (NEN) currently trades at $50.00, while our model-based Fair Value estimate is $79.87, implying the stock looks roughly 37.4% undervalued today.
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Valuation
How firm this estimate is: it rests on 22 models at a data quality of 94/100, which puts the evidence level at low.
Scenario range: $79.40 (bear) to $80.44 (bull), the price of $50.00 sits below 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 46/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
New England Realty Associates LP reported revenue of $89.2M in FY2025 versus $62.6M in FY2021, a compound +9.2%/yr. Reported net income was $6.0M in FY2025.
Key figures
Market cap $202M · P/S ratio 2.15 · EPS (TTM) $−0.4800 · Dividend yield 3.2% · Net margin 6.8% · Return on assets (EBIT) 4.9% · Operating margin 7.5% · Revenue (TTM) $94.1M.
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 31% 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 −37% fair-value upside, at 60%, NEN screens cheaper than that median.
Fair Value models
Bear $79.40Fair Value $79.87Bull $80.44
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.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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.8%
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.
+9.3%
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.
+7.5%
Start year 2020 (pandemic). Over 10 years: +7.0% a year
Revenue growth 37 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.
+7.1%
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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.
+12.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.7%
Dividend (yield on the price)3.2%
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% vs 6%, picking up
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.24% → 24%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare New England Realty Associates LP 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 · 547 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+60% · Above median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets3% · Above median
Net margin (TTM)−2% · Bottom 25%
Operating margin (TTM)8% · Below median
Growth and dividend
Revenue growth16% · Top 25%
Dividend yield (TTM)3.2% · Below median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)2.15× · Pricier than median
P/FCF7.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 38
FUTURE (revenue growth)82· sector 12
PAST (return on equity)0· sector 16
HEALTH (low debt)0· sector 83
DIVIDEND (yield)64· sector 65
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "New England Realty Associates LP Fair Value". https://www.fairvalue-calculator.com/stock/NEN
Frequently asked questions
Is New England Realty Associates LP (NEN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $79.87 versus a price of $50.00, about +60% upside (undervalued).
What is the fair value of NEN?
Our model-based fair value for New England Realty Associates LP is $79.87 (as of Sep 23, 2026), built from audited fundamentals. The current price: $50.00.
What is the quality score of NEN?
New England Realty Associates LP has a Quality Score of 46/100. 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 New England Realty Associates LP (NEN)?
Our model-based price target is the fair value of $79.87 (as of Sep 23, 2026) from 13 valuation models. Cautious scenario $79.40, optimistic scenario $80.44. It is a calculation from audited fundamentals, not an analyst target.
What is the New England Realty Associates LP stock forecast for 2026?
Our models put fair value at $79.87, about +60% upside versus a price of $50.00 (undervalued). Cautious scenario $79.40, optimistic scenario $80.44. The calculation is refreshed regularly with new filings.
What is the revenue of New England Realty Associates LP (NEN)?
New England Realty Associates LP reported trailing-twelve-month revenue of about $94.1M (latest available figure, as of Sep 23, 2026).
Does New England Realty Associates LP pay a dividend?
New England Realty Associates LP currently shows a dividend yield of about 3.20% relative to its recent price (as of Sep 23, 2026).
What growth is priced into New England Realty Associates LP (NEN)?
For today's price to be fair in a discounted-cash-flow model, New England Realty Associates LP would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of NEN use?
Our models discount New England Realty Associates LP at 11.2 %: a base by market capitalisation (micro), damped by beta 0.15, country premium for USA. 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 New England Realty Associates LP that is less than minus 40 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has New England Realty Associates LP (NEN) delivered so far?
Over the past 5 years revenue at New England Realty Associates LP grew +7.5 % a year. The price currently implies less than minus 40 % 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 New England Realty Associates LP (NEN) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into New England Realty Associates LP (less than minus 40 % 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 New England Realty Associates LP (NEN)?
The free-cash-flow yield on the price is 15.82 %: that much free cash flow New England Realty Associates LP produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of New England Realty Associates LP (NEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For New England Realty Associates LP it is $79.87 per share (as of Sep 23, 2026), against a price of $50.00. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is New England Realty Associates LP stock overvalued or undervalued in 2026?
As of Sep 23, 2026, NEN trades below its calculated fair value: price $50.00, fair value $79.87, a gap of about +60% (undervalued). 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 NEN?
No. The price is what the market pays today ($50.00); the fair value is what the company's own numbers justify ($79.87). For New England Realty Associates LP the two are $29.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is New England Realty Associates LP worth?
The market values New England Realty Associates LP at about $202M (market capitalisation, as of Sep 23, 2026). Per share that is $50.00; our models calculate a fair value of $79.87 per share.
What do the bullish and bearish scenarios say about NEN?
Our models span a range for New England Realty Associates LP: cautious scenario $79.40, base $79.87, optimistic $80.44 per share (as of Sep 23, 2026, price $50.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of New England Realty Associates LP (NEN)?
Balance-sheet figures for New England Realty Associates LP (as of Sep 23, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is NEN from its 52-week high?
New England Realty Associates LP trades at $50.00, about 31% below its 52-week high of $72.06 and at the low of $50.00 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $79.87 is for.
Which stocks are comparable to New England Realty Associates LP?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 New England Realty Associates LP stock attractive at the current price?
The data as of Sep 23, 2026: price $50.00, calculated fair value $79.87 (+60%), Quality Score 46/100, from 13 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 NEN calculated?
We run New England Realty Associates LP through 13 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 $79.87, 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 14.0 % above its aggregate fair value. New England Realty Associates LP currently trades 60 % below its own fair value, and the market average says nothing about that. 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 New England Realty Associates LP (NEN)?
The closing price on Sep 24, 2026 was $50.00. Our model-based fair value is $79.87, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with New England Realty Associates LP right now?
The price is below even our cautious bear case ($79.40). The market is more pessimistic than our downside scenario. 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 quality (46/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band ($79.40 to $80.44), unusually little disagreement for a valuation.
Key figures of New England Realty Associates LP
How large is the market capitalisation of New England Realty Associates LP (NEN)?
The market capitalisation of New England Realty Associates LP is $202M. 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 New England Realty Associates LP (NEN)?
The price-to-sales ratio of New England Realty Associates LP is 2.15 (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 New England Realty Associates LP (NEN)?
Earnings per share at New England Realty Associates LP are $−0.4800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of New England Realty Associates LP (NEN)?
The dividend yield of New England Realty Associates LP is 3.2%. 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 New England Realty Associates LP (NEN)?
The net margin of New England Realty Associates LP is 6.8% (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 EBIT return on assets of New England Realty Associates LP (NEN)?
On an EBIT basis the return on assets of New England Realty Associates LP is 4.9% (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 New England Realty Associates LP (NEN)?
The operating margin of New England Realty Associates LP is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at New England Realty Associates LP (NEN)?
Revenue at New England Realty Associates LP is growing +16.4% versus a year earlier (3y avg +9.3%). 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 New England Realty Associates LP (NEN)?
Earnings per share at New England Realty Associates LP are growing +2.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does New England Realty Associates LP (NEN) hold?
New England Realty Associates LP holds more cash than debt, $26.1B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Sep 23, 2026