RATH Aktiengesellschaft, (RAT) Fair Value & Analysis
Industrials · AT · Market cap €40.2M
Fair value as of: Jul 17, 2026
From 1 valuation models · updated 24 days ago
Share price −9.2% over the past month.
Below-average quality, and screening another 16% overvalued on our models.
What matters now
- Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (€14.78 to €29.55) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range €19.50 – €31.93 · fair‑value band €14.78 – €29.55 · the €23.60 price screens above the €19.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.
Analysis
RATH Aktiengesellschaft, (RAT) currently trades at €23.60, while our model-based Fair Value estimate is €19.80, implying the stock looks roughly 16.1% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, RATH Aktiengesellschaft, generated revenue of €94.7M at a net margin of -9.3%. Revenue declined 14.0% year over year. It earns a return on equity of -18.0%. Net debt stands at €41.2M. Fundamentals as of Jul 17, 2026
Our scenario range runs from €14.78 (bear case) to €29.55 (bull case); at €23.60, the current price sits within 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 6% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at -16%, RAT screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 47
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.
About the company
RATH Aktiengesellschaft, together with its subsidiaries, produces and sells refractory materials for industrial customers and commercial enterprises in Austria, Germany, Hungary, the United States, and internationally.
Full company description
RATH Aktiengesellschaft, together with its subsidiaries, produces and sells refractory materials for industrial customers and commercial enterprises in Austria, Germany, Hungary, the United States, and internationally. 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 Aktiengesellschaft is a subsidiary of Rath Holding GmbH.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
RAT screens 16% overvalued. Compare with Trane Technologies plc →
Peer Group
Building Products & Equipment · 247 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.
Valuation Multiples vs Building Products & Equipment median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Trane Technologies plc TT | $469.98 | $212.34 | -55% |
| Johnson Controls International plc JCI | $142.81 | $45.65 | -68% |
| Carrier Global Corporation CARR | $68.61 | $17.35 | -75% |
| Compagnie de Saint-Gobain S.A SGO | €76.62 | €101.60 | +33% |
| Geberit AG GEBN | CHF 523.20 | CHF 307.66 | -41% |
| Lennox International Inc LII | $543.93 | $363.09 | -33% |
| Kingspan Group KRX | €87.30 | €70.76 | -19% |
| Masco Corporation MAS | $78.04 | $54.36 | -30% |
| PT Impack Pratama Industri Tbk, IMPC | 1,420 IDR | 179.76 IDR | -87% |
| NIBE Industrier AB NIBEB | kr 36.03 | kr 25.37 | -30% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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