Orge Enerji Elektrik Taahhut AS (ORGE) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Orge Enerji Elektrik Taahhut AS TRY 29.74, price TRY 23.38, upside +27.2%, quality 52 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 27, 2026.
How to read this chart
60‑month range 1.12 TRY – 108.80 TRY · fair‑value band 23.22 TRY – 38.71 TRY · the 23.38 TRY price screens below the 29.74 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Orge Enerji Elektrik Taahhüt Anonim Sirketi provides electricity contracting services in Turkey. The company offers electrical contracting services for weak current systems, LV electrical contract works, MV electrical contract works; and construction services.
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Orge Enerji Elektrik Taahhüt Anonim Sirketi provides electricity contracting services in Turkey. The company offers electrical contracting services for weak current systems, LV electrical contract works, MV electrical contract works; and construction services. It also generates renewable energy from the sun, wind, rain, tides, waves, and geothermal heat, as well as constructs urban transformation projects. The company was formerly known as ORGE Enerji Sistemleri Insaat Metal Ticaret ve Taahhüt A.S. and changed its name to Orge Enerji Elektrik Taahhüt Anonim Sirketi in June 2010. The company was founded in 1965 and is headquartered in Istanbul, Turkey.
Stock analysis
Orge Enerji Elektrik Taahhut AS (ORGE) currently trades at 23.38 TRY, while our model-based Fair Value estimate is 29.74 TRY, implying the stock looks roughly 21.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 67.50 TRY per share, and 15 of the 24 models we run sit above the 23.38 TRY price.
Bear case: the Growth DCF group reads lowest at 6.13 TRY, and 9 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 23.22 TRY (bear) to 38.71 TRY (bull), the price of 23.38 TRY 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 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Orge Enerji Elektrik Taahhut AS reported revenue of 3.5B TRY in FY2025 versus 309M TRY in FY2021, a compound +83.4%/yr. Reported net income was 593M TRY in FY2025, compounding +54.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 8.2B TRY (≈ $166M) · P/E ratio 11.0 · P/S ratio 1.87 · EPS (TTM) 9.37 TRY · Net margin 17.0% · Return on equity 20.2% · Return on assets (EBIT) 38.5% · Operating margin 67.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 79% below its 52-week high and 78% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 27%, ORGE screens cheaper than that median.
Fair Value models
Bear 23.22 TRYFair Value 29.74 TRYBull 38.71 TRY
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 (7.09 TRY 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.66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−22.1%
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.
+69.4%
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.
+84.2%
Start year 2020 (pandemic). Over 10 years: +53.0% 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.
+53.0%
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What shareholders gained per year (last 5 years), in TRY (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+74.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+74.0%
Dividend (yield on the price)0.0%
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.37% → 50%
2025 sits 90% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+20.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about +1.0% a year for the price.
Compare Orge Enerji Elektrik Taahhut AS 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.Engineering & Construction · 779 stocks
Beats the industry median on 8/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside+27.2% · Above median
Profitability
Return on equity (TTM)20.2% · Top 25%
Return on assets22.7% · Top 25%
Net margin (TTM)20.1% · Top 25%
Operating margin (TTM)67.1% · Top 25%
Growth and dividend
Revenue growth22.7% · Top 25%
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). "Orge Enerji Elektrik Taahhut AS Fair Value". https://www.fairvalue-calculator.com/stock/ORGE
Frequently asked questions
Is Orge Enerji Elektrik Taahhut AS (ORGE) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 29.74 TRY versus a price of 23.38 TRY, about +27% upside (undervalued).
What is the fair value of ORGE?
Our model-based fair value for Orge Enerji Elektrik Taahhut AS is 29.74 TRY (as of Sep 27, 2026), built from audited fundamentals. The current price: 23.38 TRY.
What is the quality score of ORGE?
Orge Enerji Elektrik Taahhut AS has a Quality Score of 52/100. 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 Orge Enerji Elektrik Taahhut AS (ORGE)?
Our model-based price target is the fair value of 29.74 TRY (as of Sep 27, 2026) from 24 valuation models. Cautious scenario 23.22 TRY, optimistic scenario 38.71 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Orge Enerji Elektrik Taahhut AS stock forecast for 2026?
Our models put fair value at 29.74 TRY, about +27% upside versus a price of 23.38 TRY (undervalued). Cautious scenario 23.22 TRY, optimistic scenario 38.71 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Orge Enerji Elektrik Taahhut AS (ORGE)?
Orge Enerji Elektrik Taahhut AS reported trailing-twelve-month revenue of about 3.7B TRY (latest available figure, as of Sep 27, 2026).
What growth is priced into Orge Enerji Elektrik Taahhut AS (ORGE)?
For today's price to be fair in a discounted-cash-flow model, Orge Enerji Elektrik Taahhut AS would have to grow free cash flow by +20.5 % per year for five years (discount rate 17.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +84.2 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of ORGE use?
Our models discount Orge Enerji Elektrik Taahhut AS at 17.2 %: a base by market capitalisation (micro), country premium for Turkey. 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 Orge Enerji Elektrik Taahhut AS that is +20.5 % per year a year over ten years, using the same discount rate (17.2 %) and the same formula as our fair value.
How much growth has Orge Enerji Elektrik Taahhut AS (ORGE) delivered so far?
Over the past 5 years revenue at Orge Enerji Elektrik Taahhut AS grew +84.2 % a year. The price currently implies +20.5 % 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 Orge Enerji Elektrik Taahhut AS (ORGE) growing?
The median revenue growth in the sector is +7.0 % a year. That is the yardstick for the growth priced into Orge Enerji Elektrik Taahhut AS (+20.5 % 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 Orge Enerji Elektrik Taahhut AS (ORGE)?
The free-cash-flow yield on the price is 5.56 %: that much free cash flow Orge Enerji Elektrik Taahhut AS produces per unit of market value. When it exceeds the discount rate of our models (17.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Orge Enerji Elektrik Taahhut AS (ORGE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Orge Enerji Elektrik Taahhut AS it is 29.74 TRY per share (as of Sep 27, 2026), against a price of 23.38 TRY. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Orge Enerji Elektrik Taahhut AS stock overvalued or undervalued in 2026?
As of Sep 27, 2026, ORGE trades below its calculated fair value: price 23.38 TRY, fair value 29.74 TRY, a gap of about +27% (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 ORGE?
No. The price is what the market pays today (23.38 TRY); the fair value is what the company's own numbers justify (29.74 TRY). For Orge Enerji Elektrik Taahhut AS the two are 6.36 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Orge Enerji Elektrik Taahhut AS worth?
The market values Orge Enerji Elektrik Taahhut AS at about 8.2B TRY (market capitalisation, as of Sep 27, 2026). Per share that is 23.38 TRY; our models calculate a fair value of 29.74 TRY per share.
What do the bullish and bearish scenarios say about ORGE?
Our models span a range for Orge Enerji Elektrik Taahhut AS: cautious scenario 23.22 TRY, base 29.74 TRY, optimistic 38.71 TRY per share (as of Sep 27, 2026, price 23.38 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ORGE?
Orge Enerji Elektrik Taahhut AS trades at a price-to-earnings ratio of 11.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 29.74 TRY is built from several models across several years.
How solid is the balance sheet of Orge Enerji Elektrik Taahhut AS (ORGE)?
Balance-sheet figures for Orge Enerji Elektrik Taahhut AS (as of Sep 27, 2026): return on equity 20.2%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is ORGE from its 52-week high?
Orge Enerji Elektrik Taahhut AS trades at 23.38 TRY, about 79% below its 52-week high of 108.80 TRY and 78% above the low of 13.10 TRY (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 29.74 TRY is for.
Which stocks are comparable to Orge Enerji Elektrik Taahhut AS?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Orge Enerji Elektrik Taahhut AS stock attractive at the current price?
The data as of Sep 27, 2026: price 23.38 TRY, calculated fair value 29.74 TRY (+27%), Quality Score 52/100, from 24 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 ORGE calculated?
We run Orge Enerji Elektrik Taahhut AS through 24 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 29.74 TRY, 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 14.5 % above its aggregate fair value. Orge Enerji Elektrik Taahhut AS currently trades 21 % 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 Orge Enerji Elektrik Taahhut AS (ORGE)?
The closing price on Oct 2, 2026 was 23.38 TRY. Our model-based fair value is 29.74 TRY, about +27% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Orge Enerji Elektrik Taahhut AS right now?
Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Orge Enerji Elektrik Taahhut AS
How large is the market capitalisation of Orge Enerji Elektrik Taahhut AS (ORGE)?
The market capitalisation of Orge Enerji Elektrik Taahhut AS is 8.2B TRY (≈ $166M). 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 Orge Enerji Elektrik Taahhut AS (ORGE)?
The price-to-sales ratio of Orge Enerji Elektrik Taahhut AS is 1.87 (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 Orge Enerji Elektrik Taahhut AS (ORGE)?
Earnings per share at Orge Enerji Elektrik Taahhut AS are 9.37 TRY (price ÷ EPS = P/E 11.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Orge Enerji Elektrik Taahhut AS (ORGE)?
The net margin of Orge Enerji Elektrik Taahhut AS is 17.0% (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 Orge Enerji Elektrik Taahhut AS (ORGE)?
The return on equity (ROE) of Orge Enerji Elektrik Taahhut AS is 20.2% (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 Orge Enerji Elektrik Taahhut AS (ORGE)?
On an EBIT basis the return on assets of Orge Enerji Elektrik Taahhut AS is 38.5% (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 Orge Enerji Elektrik Taahhut AS (ORGE)?
The operating margin of Orge Enerji Elektrik Taahhut AS is 67.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Orge Enerji Elektrik Taahhut AS (ORGE)?
Revenue at Orge Enerji Elektrik Taahhut AS is growing +22.7% versus a year earlier (3y avg +69.4%). 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 Orge Enerji Elektrik Taahhut AS (ORGE)?
Earnings per share at Orge Enerji Elektrik Taahhut AS are growing +138% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Orge Enerji Elektrik Taahhut AS (ORGE) carry?
The net debt of Orge Enerji Elektrik Taahhut AS is 44.6M TRY (fiscal year 2022, ≈ 0.4 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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