EN DE
Watch RATH Aktiengesellschaft for free: we tell you when fair value or trend changes.
Data-driven stock valuation

RATH Aktiengesellschaft (RAT) fair value: what the stock is really worth

As of Oct 21, 2026: fair value (intrinsic value) of RATH Aktiengesellschaft stock €17.52, price €24.40, that is 28.2% below the price, quality 38 out of 100. Rating: overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Industrials AT · ISIN AT0000767306

RA RATH Aktiengesellschaft logo Thin data Nov 9, 2026

RATH Aktiengesellschaft

RAT · VI
Expensive, weak quality

Our calculation puts a fair price 28% below what the stock costs today.

Moderate debt
Fair value €17.52 · Overvalued
Quality 38/100
Weak Growth (revenue 5y +1.8 %/yr in EUR)
Loss-making · -4.1% net margin (TTM)
Negative free cash flow
Trails peers (4/12)
Narrow moat 16/100 · thin data
Thin data
⚠ Thinly traded⚠ Small free float
Watch RATH Aktiengesellschaft for free: we tell you when fair value or trend changes. Watch for free

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

€31.93 €19.00 Fair Value €17.52 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range €19.00 – €31.93 · fair‑value band €13.07 – €26.15 · the €24.40 price screens above the €17.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

Follow RATH Aktiengesellschaft in your weekly email

Every Wednesday you see whether RATH Aktiengesellschaft is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

RATH, together with its subsidiaries, produces and sells refractory materials for industrial customers and commercial enterprises in Austria, Germany, Hungary, the United States, and internationally.

Show moreShow less

The company offers oxide ceramic continuous fibers under the ALTRA FLEX brand; dense bricks, such as acid-resistant bricks, firebricks, high-alumina fireclay bricks, high-alumina bricks, sillimanite/andalusite bricks, corundum bricks, and silicon carbide bricks under the Acrath, Suprath, Durrath, Alurath, Silrath, Korrath, Sicrath, and RATHLOC brands; and monolithics consisting of dense concretes, mortars and adhesives, plastic castables, mortars for dense bricks, insulating and cement-free concretes, ultra-low and low cement concretes, and adhesives for materials made of high-temperature wool under the Carath, Porrathin, Carathplast, Carathin, and Kerathin brands.

It also provides pre-cast blocks under the Carathform and Vibrorath brands; insulating fire bricks under the Porrath, Ratherm, and Porrathin brands; high temperature insulation wool under the Altra, Altraflex, Alsitra, and Calsitra brands; and vacuum-formed shapes under the Altraform, Kerform, Evac, Newvac, Filtrath, Ultiform, and ACS ALTRA brands.

In addition, the company offers planning, installation, construction site supervision, and maintenance and repair services. Its products are used in the cement, steel, glass, aluminum, special furnaces, hot-gas filtration, ceramic, energy, fuels and chemical, and domestic fireplaces industries.

The company was founded in 1891 and is headquartered in Vienna, Austria. RATH is a subsidiary of Rath Holding GmbH.

Stock analysis

RATH Aktiengesellschaft (RAT) currently trades at €24.40, while our model-based Fair Value estimate is €17.52, 28% below the price, so the stock looks overvalued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: €13.07 (bear) to €26.15 (bull), the price of €24.40 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 38/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

RATH Aktiengesellschaft reported revenue of €94.3M in FY2025 versus €97.8M in FY2021, a compound −0.9%/yr. Reported net income was −€8.8M in FY2025.

Key figures

Market cap €36.6M Micro · P/S ratio 0.38 · EPS (TTM) €−2.67 · Dividend yield 4.1% · Net margin −4.1% · Return on equity −8.6% · Return on assets (EBIT) 2.0% (5-year average) · Operating margin 1.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (low confidence).

What moves the price

The share trades about 9% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −28%, RAT screens cheaper than that median.

Fair Value models

Bear €13.07 Fair Value €17.52 Bull €26.15
Price €24.40 · Downside -28.2%
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
NCAV (Graham) €13.07 €17.52 €26.15 54
All 1 models by family
Asset-Based
NCAV (Graham) €13.07 €17.52 €26.15 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 38/100

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

Profitability 27
How much profit the company makes from its sales and capital
Quality Growth 9
Are margins and returns getting better?
Cashflow 11
Do the profits arrive as real cash?
Financial strength 38
Debt, balance sheet and risk of trouble
Investment 94
Does it invest with discipline instead of growing at any price?
Low Volatility 53
How calm the share price moves, does not count
Price momentum 42
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 57
Distance to the 52-week high, does not count
New shares 82
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. 9/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−15.3%
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.
−7.1%
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.
+1.8%
Start year 2020 (pandemic). Over 10 years: +1.4% a year
Revenue growth 19 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.
+0.5%
Profit 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.
2.5% (2020) → −5.9% (2025)
What shareholders gained per year ⓘ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

RAT screens overvalued: fair value 28% below the price. Compare with Johnson Controls International plc →

Compare RATH Aktiengesellschaft with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Building Products & Equipment · 255 stocks

Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside −28.2% · Below median
Profitability
Return on assets −7.6% · Bottom 25%
Net margin (12 months) −4.1% · Bottom 25%
Operating margin (12 months) 1.3% · Below median
Growth and dividend
Revenue growth (quarter YoY) 6.5% · Above median
Dividend yield (12 months) 4.1% · Top 25%
Balance sheet
Debt / equity 1.08× · Highest 25%

Valuation Multiplesvs Building Products & Equipment median · lower = cheaper

P/B 0.83× · Cheaper than median
P/S (12 months) 0.38× · Cheapest 25%
EV/EBITDA 35.0× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 15
FUTURE (revenue growth)33 · sector 24
PAST (return on equity)0 · sector 24
HEALTH (low debt)46 · sector 95
DIVIDEND (yield)82 · sector 44

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Compagnie de Saint-Gobain S.A SGO €74.10 €93.79 +27% vs RAT
Carlisle Companies Incorporated CSL $375.74 $347.14 −8% vs RAT
Madison Air Solutions Corporation MAIR $23.04 $20.32 −12% vs RAT
Kingspan Group KRX €95.15 €68.99 −27% vs RAT
Masco Corporation MAS $82.22 $56.97 −31% vs RAT
Trane Technologies plc TT $401.76 $223.94 −44% vs RAT
Johnson Controls International plc JCI $135.03 $73.99 −45% vs RAT
Geberit AG GEBN CHF 580.00 CHF 303.40 −48% vs RAT
Carrier Global Corporation CARR $52.38 $19.35 −63% vs RAT
BELIMO Holding BEAN CHF 727.00 CHF 236.88 −67% vs RAT

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

RATH Aktiengesellschaft: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "RATH Aktiengesellschaft Fair Value". https://www.fairvalue-calculator.com/stock/RAT

Frequently asked questions

Is RATH Aktiengesellschaft (RAT) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of €17.52 versus the last price from Oct 21, 2026 of €24.40, about 28% lower (overvalued).
What is the fair value of RAT?
Our model-based fair value for RATH Aktiengesellschaft is €17.52 (as of Nov 9, 2026), built from audited fundamentals. Last price (from Oct 21, 2026): €24.40.
What is the quality score of RAT?
RATH Aktiengesellschaft has a Quality Score of 38/100. 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 RATH Aktiengesellschaft (RAT)?
Our model-based price target is the fair value of €17.52 (as of Nov 9, 2026) from 1 valuation models. Cautious scenario €13.07, optimistic scenario €26.15. It is a calculation from audited fundamentals, not an analyst target.
What is the RATH Aktiengesellschaft stock forecast for 2026?
Our models put fair value at €17.52, about 28% lower versus the last price from Oct 21, 2026 of €24.40 (overvalued). Cautious scenario €13.07, optimistic scenario €26.15. The calculation is refreshed regularly with new filings.
What is the revenue of RATH Aktiengesellschaft (RAT)?
RATH Aktiengesellschaft reported trailing-twelve-month revenue of about €97.3M (latest available figure, as of Nov 9, 2026).
Does RATH Aktiengesellschaft pay a dividend?
RATH Aktiengesellschaft currently shows a dividend yield of 4.10% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of RATH Aktiengesellschaft (RAT)?
RATH Aktiengesellschaft has a dividend yield of 4.1%.
What is the intrinsic value of RATH Aktiengesellschaft (RAT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For RATH Aktiengesellschaft it is €17.52 per share (as of Nov 9, 2026), against a price of €24.40. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is RATH Aktiengesellschaft stock overvalued or undervalued in 2026?
As of Nov 9, 2026, RAT trades above its calculated fair value: price €24.40, fair value €17.52, a gap of about −28% (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 RAT?
No. The price is what the market pays today (€24.40); the fair value is what the company's own numbers justify (€17.52). For RATH Aktiengesellschaft the two are €6.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is RATH Aktiengesellschaft worth?
The market values RATH Aktiengesellschaft at about €36.6M (market capitalisation, as of Nov 9, 2026). Per share that is €24.40; our models calculate a fair value of €17.52 per share.
What do the bullish and bearish scenarios say about RAT?
Our models span a range for RATH Aktiengesellschaft: cautious scenario €13.07, base €17.52, optimistic €26.15 per share (as of Nov 9, 2026, price €24.40). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of RATH Aktiengesellschaft (RAT)?
Balance-sheet figures for RATH Aktiengesellschaft (as of Nov 9, 2026): return on equity −8.6%, debt of 1.08 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is RAT from its 52-week high?
RATH Aktiengesellschaft trades at €24.40, about 9% below its 52-week high of €26.80 and 28% above the low of €19.00 (as of Nov 3, 2026). Distance from the high says nothing about value: that is what the fair value of €17.52 is for.
Which stocks are comparable to RATH Aktiengesellschaft?
From the same area (Industrials) we also value Johnson Controls International plc, Trane Technologies plc, Carrier Global Corporation, Compagnie de Saint-Gobain 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 RATH Aktiengesellschaft stock attractive at the current price?
The data as of Nov 9, 2026: price €24.40, calculated fair value €17.52 (−28%), Quality Score 38/100, from 1 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 RAT calculated?
We run RATH Aktiengesellschaft through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of €17.52 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. RATH Aktiengesellschaft 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 RATH Aktiengesellschaft (RAT)?
The latest price we hold is from Oct 21, 2026 and stands at €24.40. Our model-based fair value is €17.52, about 28% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with RATH Aktiengesellschaft right now?
Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (€13.07 to €26.15) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of RATH Aktiengesellschaft

How large is the market capitalisation of RATH Aktiengesellschaft (RAT)?
The market capitalisation of RATH Aktiengesellschaft is €36.6M. 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 RATH Aktiengesellschaft (RAT)?
The price-to-sales ratio of RATH Aktiengesellschaft is 0.38 (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 RATH Aktiengesellschaft (RAT)?
Earnings per share at RATH Aktiengesellschaft are €−2.67. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of RATH Aktiengesellschaft (RAT)?
The dividend yield of RATH Aktiengesellschaft is 4.1%. 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 RATH Aktiengesellschaft (RAT)?
The net margin of RATH Aktiengesellschaft is −4.1% (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 RATH Aktiengesellschaft (RAT)?
The return on equity (ROE) of RATH Aktiengesellschaft is −8.6% (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 RATH Aktiengesellschaft (RAT)?
On an EBIT basis the return on assets of RATH Aktiengesellschaft is 2.0% (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 RATH Aktiengesellschaft (RAT)?
The operating margin of RATH Aktiengesellschaft is 1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at RATH Aktiengesellschaft (RAT)?
Revenue at RATH Aktiengesellschaft is growing +6.5% versus a year earlier (3y avg −7.1%). 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 RATH Aktiengesellschaft (RAT)?
Earnings per share at RATH Aktiengesellschaft are growing −19.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does RATH Aktiengesellschaft (RAT) generate?
The free cash flow of RATH Aktiengesellschaft is −€2.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does RATH Aktiengesellschaft (RAT) carry?
The net debt of RATH Aktiengesellschaft is €41.2M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch RATH Aktiengesellschaft in the live analysis

One click puts RATH Aktiengesellschaft on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.