Strabag SE (STR) fair value: what the stock is really worth
We calculate from audited financials what Strabag SE is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 18, 2026.
How to read this chart
60‑month range €20.57 – €108.80 · fair‑value band €125.01 – €218.53 · the €108.80 price screens below the €160.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Strabag SE engages in the construction projects. The company provides building construction and civil engineering services, including bridge budling, prefabricated elements, commercial and industrial construction, civil engineering, power plants, metal construction, public buildings, environmental technology, water technologies, and residential construction. It also engages in the transportation infrastructures activities, such as railway construction, construction materials, canalisation engineering, pipeline and sewer construction, town planning and landscape, architecture, road construction and earthworks, rock engineering and protective structures, waterway and dyke construction, and sports and recreational facilities. In addition, the company is involved in operation, maintenance and marketing of public-private partnerships; real estate development; infrastructure development; international business; property and facility services; tunnelling; and ground engineering. Strabag SE was formerly known as Bau Holding Strabag AG and changed its name to Strabag SE in April 2006. Strabag SE was founded in 1835 and is headquartered in Villach, Austria.
Stock analysis
Strabag SE (STR) currently trades at €108.80, while our model-based Fair Value estimate is €160.66, implying the stock looks roughly 32.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €174.26 per share, and 18 of the 23 models we run sit above the €108.80 price.
Bear case: the Asset-Based group reads lowest at €32.87, and 5 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: €125.01 (bear) to €218.53 (bull), the price of €108.80 sits below 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 61/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Strabag SE reported revenue of €18.7B in FY2025 versus €15.3B in FY2021, a compound +5.2%/yr. Reported net income was €916M in FY2025, compounding +11.8%/yr from FY2021.
Key figures
Market cap €12.6B · P/E ratio 13.7 · P/S ratio 0.67 · EPS (TTM) €7.94 · Dividend yield 2.7% · Net margin 4.9% · Return on equity 17.2% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 69% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −30% fair-value upside, at 48%, STR screens cheaper than that median.
Fair Value models
Bear €125.01Fair Value €160.66Bull €218.53
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 (€3.66 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.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.69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.4%
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.
+3.2%
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.
+4.9%
Revenue growth 20 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.
+5.1%
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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.
+18.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.6%
Dividend (yield on the price)2.7%
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.16% vs 18%, steady
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.4% → 5%
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).
−9.7%
Yearly growth needed for the next five years to justify today's 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.Engineering & Construction · 815 stocks
Beats the industry median on 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+66% · Top 25%
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets4% · Above median
Net margin (TTM)5% · Above median
Operating margin (TTM)10% · Above median
Growth and dividend
Revenue growth8% · Above median
Dividend yield (TTM)2.7% · Above median
Balance sheet
Debt / equity0.05× · Below median
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). "Strabag SE Fair Value". https://www.fairvalue-calculator.com/stock/STR
Frequently asked questions
Is Strabag SE (STR) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of €160.66 versus a price of €108.80, about +48% upside (undervalued).
What is the fair value of STR?
Our model-based fair value for Strabag SE is €160.66 (as of Sep 18, 2026), built from audited fundamentals. The current price: €108.80.
What is the quality score of STR?
Strabag SE has a Quality Score of 61/100. 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 Strabag SE (STR)?
Our model-based price target is the fair value of €160.66 (as of Sep 18, 2026) from 23 valuation models. Cautious scenario €125.01, optimistic scenario €218.53. It is a calculation from audited fundamentals, not an analyst target.
What is the Strabag SE stock forecast for 2026?
Our models put fair value at €160.66, about +48% upside versus a price of €108.80 (undervalued). Cautious scenario €125.01, optimistic scenario €218.53. The calculation is refreshed regularly with new filings.
What is the revenue of Strabag SE (STR)?
Strabag SE reported trailing-twelve-month revenue of about €18.7B (latest available figure, as of Sep 18, 2026).
Does Strabag SE pay a dividend?
Strabag SE currently shows a dividend yield of about 2.67% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Strabag SE (STR)?
For today's price to be fair in a discounted-cash-flow model, Strabag SE would have to grow free cash flow by -9.7 % per year for five years (discount rate 8.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.9 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of STR use?
Our models discount Strabag SE at 8.2 %: a base by market capitalisation (large), damped by beta 0.45, country premium for Austria. 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 Strabag SE that is -9.7 % per year a year over ten years, using the same discount rate (8.2 %) and the same formula as our fair value.
How much growth has Strabag SE (STR) delivered so far?
Over the past 5 years revenue at Strabag SE grew +4.9 % a year. The price currently implies -9.7 % 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 Strabag SE (STR) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Strabag SE (-9.7 % 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 Strabag SE (STR)?
The free-cash-flow yield on the price is 9.06 %: that much free cash flow Strabag SE produces per unit of market value. When it exceeds the discount rate of our models (8.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Strabag SE (STR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Strabag SE it is €160.66 per share (as of Sep 18, 2026), against a price of €108.80. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Strabag SE stock overvalued or undervalued in 2026?
As of Sep 18, 2026, STR trades below its calculated fair value: price €108.80, fair value €160.66, a gap of about +48% (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 STR?
No. The price is what the market pays today (€108.80); the fair value is what the company's own numbers justify (€160.66). For Strabag SE the two are €51.86 per share apart. That gap is exactly why we show both numbers side by side.
How much is Strabag SE worth?
The market values Strabag SE at about €12.6B (market capitalisation, as of Sep 18, 2026). Per share that is €108.80; our models calculate a fair value of €160.66 per share.
What do the bullish and bearish scenarios say about STR?
Our models span a range for Strabag SE: cautious scenario €125.01, base €160.66, optimistic €218.53 per share (as of Sep 18, 2026, price €108.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of STR?
Strabag SE trades at a price-to-earnings ratio of 13.7 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €160.66 is built from several models across several years. Other multiples: PEG 4.7, P/B 2.0, P/S 0.6, EV/EBITDA 4.9.
What is the PEG ratio of STR?
The PEG ratio of Strabag SE is 4.72 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Strabag SE (STR)?
Balance-sheet figures for Strabag SE (as of Sep 18, 2026): return on equity 17.2%, debt of 0.05 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is STR from its 52-week high?
Strabag SE trades at €108.80, about 11% below its 52-week high of €98.30 and 69% above the low of €64.50 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of €160.66 is for.
Which stocks are comparable to Strabag SE?
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 Strabag SE stock attractive at the current price?
The data as of Sep 18, 2026: price €108.80, calculated fair value €160.66 (+48%), Quality Score 61/100, from 23 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 STR calculated?
We run Strabag SE through 23 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 €160.66, 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 16.1 % above its aggregate fair value. Strabag SE currently trades 48 % 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 Strabag SE (STR)?
The closing price on Sep 21, 2026 was €108.80. Our model-based fair value is €160.66, about +48% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Strabag SE right now?
The price is below even our cautious bear case (€125.01). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Strabag SE (STR) come from?
Earnings per share at Strabag SE grew +21.2 % a year from 2012 to 2023. Broken into its drivers: revenue per share +3.3 %, EBIT margin +15.9 %, tax rate +1.9 %, residual (interest, one-offs) −0.6 %. 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 Strabag SE
How large is the market capitalisation of Strabag SE (STR)?
The market capitalisation of Strabag SE is €12.6B. 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 Strabag SE (STR)?
The price-to-sales ratio of Strabag SE is 0.67 (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 Strabag SE (STR)?
Earnings per share at Strabag SE are €7.94 (price ÷ EPS = P/E 13.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Strabag SE (STR)?
The dividend yield of Strabag SE is 2.7% (payout 36.5%). 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 Strabag SE (STR)?
The net margin of Strabag SE is 4.9% (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 Strabag SE (STR)?
The return on equity (ROE) of Strabag SE is 17.2% (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 Strabag SE (STR)?
On an EBIT basis the return on assets of Strabag SE is 7.5% (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 Strabag SE (STR)?
The operating margin of Strabag SE is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Strabag SE (STR)?
Revenue at Strabag SE is growing +8.0% versus a year earlier (3y avg +3.2%). 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 Strabag SE (STR)?
Earnings per share at Strabag SE are growing +12.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Strabag SE (STR) hold?
Strabag SE holds more cash than debt, €2.6B net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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