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Pyrum Innovations AG (PYR) Fair Value & Analysis

Industrials · DE · Market cap €106M · ISIN DE000A2G8ZX8

What is Pyrum Innovations AG really worth?

PI Pyrum Innovations AG PYR · XETRA
Price€28.70
Fair Value€4.17
Upside−85.5%
Quality20/100

Below-average quality, and trading another 588% above our fair value of €4.17.

As of Aug 21, 2026, the fair value of Pyrum Innovations AG is €4.17 per share against a price of €28.70, so the fair value sits 85% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 3y +60.0 %/yr)
!Loss-making · -87.6% net margin
!Moderate debt · negative free cash flow
!Trails peers (0/10)
!Narrow moat 9/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range €3.11 – €6.23

Fair value as of: Aug 21, 2026

From 1 valuation models · updated 16 days ago

Share price +5.1% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (€6.23). The favourable scenario is already priced in.
  • Weak quality (20/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (€3.11 to €6.23) leaves room in how you read the outcome.

Price vs Fair Value (4 years)

€69.00 €22.30 Fair Value €4.17 Oct 2022 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

47‑month range €22.30 – €69.00 · fair‑value band €3.11 – €6.23 · the €28.70 price screens above the €4.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Pyrum Innovations AG (PYR) currently trades at €28.70, while our model-based Fair Value estimate is €4.17, implying the stock looks roughly 588.2% overvalued today. The Quality Score stands at 20/100 (below-average quality), in the Industrials sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Over the trailing twelve months, Pyrum Innovations AG generated revenue of €11.5M at a net margin of −87.6%. Revenue declined 30.9% year over year. It earns a return on equity of −37.8%. Net debt stands at €15.9M. Fundamentals as of Aug 21, 2026

Our scenario range runs from €3.11 (bear case) to €6.23 (bull case); at €28.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −85%, PYR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

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
Highest evidence
NCAV (Graham) best evidence €3.60 €4.82 €7.19 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence €3.60 €4.82 €7.19 54

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Key figures & financial health

P/S ratio 9.55 TTM
EPS (TTM) €−2.34
Net margin −87.6% TTM
Return on equity −37.8% TTM
Return on assets (EBIT) −13.6% avg 5y
Operating margin −147% TTM
More key figures
Growth
Revenue (TTM) €11.5M TTM
Revenue growth (YoY) −30.9% 3y avg +60.0%
Balance sheet & cash flow
Free cash flow −€11.0M FY2025
Net debt €15.9M FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 20/100

Of which business quality 22 · Market factors (momentum, volatility) 54

Profitability 2
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Pyrum Innovations AG provides patented thermolysis technology in the recycling market for used tires worldwide. The company recycles used tires and produces secondary raw materials, such as rubber granules, thermolyzed carbon milled, recovered carbon black, thermolysis oils, and steel wires.

Full company description

Pyrum Innovations AG provides patented thermolysis technology in the recycling market for used tires worldwide. The company recycles used tires and produces secondary raw materials, such as rubber granules, thermolyzed carbon milled, recovered carbon black, thermolysis oils, and steel wires. It also offers laboratory systems, semi-industrial and industrial plants, and thermolysis of bicycle tires solutions; and waste tire disposal, green workshops, and laboratory testing services. The company was founded in 2008 and is headquartered in Dillingen, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pyrum Innovations AG reported revenue of €4.0M in FY2025 versus €922K in FY2021, a compound +44.5%/yr. Reported net income was −€10.0M in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€4.0M
Latest YoY
+109.4%
Avg. revenue growth/yr (3Y) 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.
+60.0%
EBIT margin (trend) 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.
−597.5% (2021) → −211.7% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +44.5%/yr
FY21 €922K
FY22 €982K
FY23 €1.1M
FY24 €1.9M
FY25 €4.0M
Net income
FY21 −€8.4M
FY22 −€7.8M
FY23 −€9.5M
FY24 −€10.1M
FY25 −€10.0M

PYR screens 588% overvalued. Compare with Veralto Corporation →

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Cite: Fair Value Calculator (2026). "Pyrum Innovations AG Fair Value". https://www.fairvalue-calculator.com/stock/PYR.XETRA

Peer Group

Pollution & Treatment Controls · 92 stocks

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.

Quality Score 22 · Bottom 25%
Fair Value upside −86% · Bottom 25%
Return on assets −10% · Bottom 25%
Net margin (TTM) −88% · Bottom 25%
Operating margin (TTM) −90% · Bottom 25%
Revenue growth −4% · Below median
Debt / equity 0.92× · Higher than 75% of peers

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/B 3.97× · Pricier than 75% of peers
P/S (TTM) 10.70× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 7
PAST0 · sector 17
HEALTH54 · sector 95
DIVIDEND0 · sector 43

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

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 Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $97.68 $67.62 −31%
Zurn Elkay Water Solutions Corporation ZWS $51.02 $24.92 −51%
Canmax Technologies Co 300390 ¥61.99 ¥10.07 −84%
CECO Environmental Corp CECO $79.59 $15.19 −81%
Fujian Longking Co 600388 ¥17.41 ¥15.59 −10%
Munters Group MTRS kr 183.90 kr 48.58 −74%
China Conch Venture Holdings 0586 HK$8.50 HK$10.70 +26%
Mega Union Technology Inc 6944 716.00 TWD 415.06 TWD −42%
MayAir Technology (China) Co 688376 ¥62.35 ¥18.80 −70%
Jingjin Equipment Inc 603279 ¥12.41 ¥18.97 +53%

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Frequently asked questions

Is Pyrum Innovations AG (PYR) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of €4.17 versus a price of €28.70, about −85% upside (overvalued).
What is the fair value of PYR?
Our model-based fair value for Pyrum Innovations AG is €4.17 (as of Aug 21, 2026), built from audited fundamentals. The current price: €28.70.
What is the quality score of PYR?
Pyrum Innovations AG has a Quality Score of 20/100. 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 Pyrum Innovations AG (PYR)?
Our model-based price target is the fair value of €4.17 (as of Aug 21, 2026) from 1 valuation models. Cautious scenario €3.11, optimistic scenario €6.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Pyrum Innovations AG stock forecast for 2026?
Our models put fair value at €4.17, about −85% upside versus a price of €28.70 (overvalued). Cautious scenario €3.11, optimistic scenario €6.23. The calculation is refreshed regularly with new filings.
What is the revenue of Pyrum Innovations AG (PYR)?
Pyrum Innovations AG reported trailing-twelve-month revenue of about €11.5M (latest available figure, as of Aug 21, 2026).
What is the net profit margin of PYR?
The net profit margin of Pyrum Innovations AG is about −87.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
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