As of Oct 23, 2026: fair value (intrinsic value) of NRT stock $7.38, price $8.68, upside -15.0%, quality 82 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?Yes
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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 Oct 25, 2026.
How to read this chart
60‑month range $3.11 – $11.86 · fair‑value band $6.53 – $8.05 · the $8.68 price screens above the $7.38 fair value. Dashed = 300-day average. As of Oct 25, 2026.
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North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany.
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The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. In addition, it holds royalties for the sale of gas well gas, oil well gas, crude oil, condensate, and sulfur.
The company was founded in 1975 and is based in Keene, New Hampshire.
Stock analysis
NRT (NRT) currently trades at $8.68, while our model-based Fair Value estimate is $7.38, 15.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $10.45 per share, and 8 of the 19 models we run sit above the $8.68 price.
Bear case: the Multiples group reads lowest at $1.65, and 11 of the 19 models stay below the price. Data coverage for this calculation is high.
Scenario range: $6.53 (bear) to $8.05 (bull), the price of $8.68 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 82/100 (high quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
NRT reported revenue of $8.7M in FY2025 versus $4.6M in FY2021, a compound +17.1%/yr. Reported net income was $7.9M in FY2025, compounding +18.9%/yr from FY2021.
Key figures
Market cap $79.8M Micro · P/E ratio 8.6 · P/S ratio 7.69 · EPS (TTM) $1.01 · Dividend yield 11.6% · Net margin 90.7% · Return on equity 51.2% · Return on assets (EBIT) 737%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 80% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −15%, NRT screens richer than that median.
Fair Value models
Bear$6.53Fair Value $7.38Bull$8.05
Price $8.68 · Upside -15.0%
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.
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
+49.5%
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.
−21.4%
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.
+16.4%
Start year 2020 (pandemic). Over 10 years: −3.5% a year
Revenue growth 40 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.
−1.6%
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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.
+26.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.8%
Dividend (yield on the price)11.6%
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.14.8% vs −3.7%, 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.100% → 91%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 7.5%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less 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).
−2.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −5.0% a year for the price.
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.Oil & Gas E&P · 260 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score82 · Top 25%
Fair Value upside−15.0% · Below median
Profitability
Return on equity (12 months)51.2% · Top 25%
Return on assets165.9% · Top 25%
Net margin (12 months)90.7% · Top 25%
Operating margin (12 months)93.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.6% · Below median
Dividend yield (12 months)11.6% · Top 25%
Valuation Multiplesvs Oil & Gas E&P 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). "NRT Fair Value". https://www.fairvalue-calculator.com/stock/NRT
Frequently asked questions
Is NRT overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of $7.38 versus a price of $8.68, about −15% upside (overvalued).
What is the fair value of NRT?
Our model-based fair value for NRT is $7.38 (as of Oct 25, 2026), built from audited fundamentals. The current price: $8.68.
What is the quality score of NRT?
NRT has a Quality Score of 82/100. 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 NRT?
Our model-based price target is the fair value of $7.38 (as of Oct 25, 2026) from 19 valuation models. Cautious scenario $6.53, optimistic scenario $8.05. It is a calculation from audited fundamentals, not an analyst target.
What is the NRT stock forecast for 2026?
Our models put fair value at $7.38, about −15% upside versus a price of $8.68 (overvalued). Cautious scenario $6.53, optimistic scenario $8.05. The calculation is refreshed regularly with new filings.
What is the revenue of NRT?
NRT reported trailing-twelve-month revenue of about $10.4M (latest available figure, as of Oct 25, 2026).
Does NRT pay a dividend?
NRT currently shows a dividend yield of 11.64% relative to its recent price (as of Oct 25, 2026).
What growth is priced into NRT?
For today's price to be fair in a discounted-cash-flow model, NRT would have to grow free cash flow by -2.7 % 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 +16.4 % per year. As of Oct 25, 2026.
What discount rate (WACC) does the fair value of NRT use?
Our models discount NRT at 11.2 %: a base by market capitalisation (micro), damped by beta 0.18, 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 NRT that is -2.7 % 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 NRT delivered so far?
Over the past 5 years revenue at NRT grew +16.4 % a year. The price currently implies -2.7 % 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 NRT growing?
The median revenue growth in the sector is +13.0 % a year. That is the yardstick for the growth priced into NRT (-2.7 % 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 NRT?
The free-cash-flow yield on the price is 10.95 %: that much free cash flow NRT 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 NRT?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NRT it is $7.38 per share (as of Oct 25, 2026), against a price of $8.68. It is the blended result of 19 valuation models (cash flow, earnings, asset, dividend).
Is NRT stock overvalued or undervalued in 2026?
As of Oct 25, 2026, NRT trades above its calculated fair value: price $8.68, fair value $7.38, a gap of about −15% (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 NRT?
No. The price is what the market pays today ($8.68); the fair value is what the company's own numbers justify ($7.38). For NRT the two are $1.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is NRT worth?
The market values NRT at about $79.8M (market capitalisation, as of Oct 25, 2026). Per share that is $8.68; our models calculate a fair value of $7.38 per share.
What do the bullish and bearish scenarios say about NRT?
Our models span a range for NRT: cautious scenario $6.53, base $7.38, optimistic $8.05 per share (as of Oct 25, 2026, price $8.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NRT?
NRT trades at a price-to-earnings ratio of 8.6 (as of Oct 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $7.38 is built from several models across several years. Other multiples: P/B 41.2, P/S 7.7, EV/EBITDA 9.5.
How solid is the balance sheet of NRT?
Balance-sheet figures for NRT (as of Oct 25, 2026): return on equity 51.2%. They feed the Quality Score of 82/100, which measures business quality independently of the share price.
How far is NRT from its 52-week high?
NRT trades at $8.68, about 7% below its 52-week high of $9.37 and 80% above the low of $4.83 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of $7.38 is for.
Which stocks are comparable to NRT?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, 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 NRT stock attractive at the current price?
The data as of Oct 25, 2026: price $8.68, calculated fair value $7.38 (−15%), Quality Score 82/100, from 19 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 NRT calculated?
We run NRT through 19 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 $7.38, 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 12.5 % above its aggregate fair value. NRT 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 NRT?
The closing price on Oct 23, 2026 was $8.68. Our model-based fair value is $7.38, about −15% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NRT right now?
The price sits above even our optimistic bull case ($8.05). The favourable scenario is already priced in. The price sits above our optimistic bull case: the favourable scenario is already priced in. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of NRT come from?
Earnings per share at NRT grew −4.1 % a year from 2012 to 2023. Broken into its drivers: revenue per share −4.0 %, EBIT margin −0.2 %, tax rate +0.6 %, residual (interest, one-offs) −0.4 %. 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 NRT
How large is the market capitalisation of NRT?
The market capitalisation of NRT is $79.8M. 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 NRT?
The price-to-sales ratio of NRT is 7.69 (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 NRT?
Earnings per share at NRT are $1.01 (price ÷ EPS = P/E 8.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NRT?
The dividend yield of NRT is 11.6% (payout 100%). 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 NRT?
The net margin of NRT is 90.7% (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 NRT?
The return on equity (ROE) of NRT is 51.2% (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 NRT?
On an EBIT basis the return on assets of NRT is 737% (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 NRT?
The operating margin of NRT is 93.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NRT?
Revenue at NRT is growing +0.6% versus a year earlier (3y avg −21.4%). 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 NRT?
Earnings per share at NRT are growing +0.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does NRT hold?
NRT holds more cash than debt, $4.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 25, 2026