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, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Industrials · AT · Market cap €11.5B · ISIN AT000000STR1
At a glance
SSStrabag SESTR · VI
Price€100.00
Fair Value€160.66
Upside+60.7%
Quality61/100
A solid business, trading 38% below our fair value of €160.66.
As of Sep 9, 2026, the fair value of Strabag SE is €160.66 per share against a price of €100.00, so the fair value sits 61% above the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +4.9 %/yr)
!Thin margins · 4.9% net margin
✓Low debt · generates free cash flow
·2.90% dividend yield
✓Ranks above peers (11/15)
!Moderate moat 48/100
Evidence: HighRange €125.01 to €195.30
Fair value as of: Sep 9, 2026
From 23 valuation models · updated yesterday
Share price +17.6% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 9, 2026.
How to read this chart
60‑month range €20.57 – €101.40 · fair‑value band €125.01 – €195.30 · the €100.00 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 9, 2026.
Strabag SE (STR) currently trades at €100.00, while our model-based Fair Value estimate is €160.66, implying the stock looks roughly 37.8% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. 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 €100.00 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.
Over the trailing twelve months, Strabag SE generated revenue of €18.7B at a net margin of 4.9%. Revenue grew 8.0% year over year. It earns a return on equity of 17.2%. The balance sheet holds a net cash position of €2.6B. Fundamentals as of Sep 9, 2026
Scenario range: €125.01 (bear) to €195.30 (bull), the price of €100.00 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades near its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 61%, STR screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (€3.49 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio12.6
P/S ratio0.62P/E × margin
EPS (TTM)€7.94price ÷ EPS = P/E 12.6
Dividend yield2.9%payout 36.5%
Net margin4.9%FY2025
Return on equity17.2%TTM
More key figures
Profitability
Return on assets (EBIT)7.5%avg 5y
Operating margin9.8%TTM
Growth
Revenue (TTM)€18.7BTTM
Revenue growth (YoY)+8.0%3y avg +3.2%
EPS growth (YoY)+12.3%
Balance sheet & cash flow
Free cash flow€1.1BFY2025
Net cash€2.6BFY2023
Figures from reported company fundamentals · as of Sep 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality61/100
Of which business quality 63
· Market factors (momentum, volatility) 70
Profitability63
Margins and returns on capital today
Quality Growth49
Are margins and returns improving?
Cashflow56
Earnings quality: real cash, not paper profit
Fin. Strength81
Balance sheet, leverage, solvency risk
Investment64
Disciplined investing over empire-building
Low Volatility75
Calm price path (market factor)
Momentum57
Price trend over the last 3–12 months (market factor)
52W Momentum85
Distance to the 52-week high (market factor)
Net Issuance61
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€18.7B
Latest YoY
+7.4%
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.
+3.2%
Avg. revenue growth/yr (5Y) ⓘ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.
+4.9%
Avg. revenue growth/yr (20Y) ⓘ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.
+5.1%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+18.5%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+15.6%
Dividend yield2.9%
Trend ⓘ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.5Y 15.6% vs 10Y 17.9%, steady
Operating margin (EBIT) ⓘ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.3.7% (2020) → 5.0% (2025) · rising
Worst earnings drop67% (2012) · in EUR
Revenue+5.2%/yr
FY21€15.3B
FY22€17.0B
FY23€17.7B
FY24€17.4B
FY25€18.7B
Net income+11.8%/yr
FY21€586M
FY22€472M
FY23€631M
FY24€823M
FY25€916M
Character of growth · EPS growth decomposed (2012-2023)+21.2 % p.a.
Revenue per share+3.3 %
of which total revenue +3.1 % · buybacks/dilution +0.1 %
EBIT margin+15.9 %
Tax rate+1.9 %
Residual (interest, one-offs)−0.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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
Peer Group
Engineering & Construction · 818 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
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)2.9% · Above median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiples vs Engineering & Construction median · lower = cheaper
P/E (TTM)12.6× · Cheaper than median
P/B1.98× · Pricier than median
P/S (TTM)0.60× · Pricier than median
P/FCF9.8× · Priciest 25%
EV/EBITDA4.9× · Cheaper than median
PEG4.72× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Strabag SE deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years-8.7 % per year
Achieved revenue growth, 5 years+4.9 % p.a.
Sector median revenue growth+4.6 %
FCF yield on price9.86 %
Discount rate (WACC) in the models8.2 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE100· sector 17
FUTURE40· sector 12
PAST69· sector 26
HEALTH97· sector 94
DIVIDEND58· sector 39
Insider activity: 40/100
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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Sep 9, 2026).
As of Sep 9, 2026, our model estimates a fair value of €160.66 versus a price of €100.00, about +61% upside (undervalued).
What is the fair value of STR?
Our model-based fair value for Strabag SE is €160.66 (as of Sep 9, 2026), built from audited fundamentals. The current price: €100.00.
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 9, 2026) from 23 valuation models. Cautious scenario €125.01, optimistic scenario €195.30. 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 +61% upside versus a price of €100.00 (undervalued). Cautious scenario €125.01, optimistic scenario €195.30. 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 9, 2026).
What is the net profit margin of STR?
The net profit margin of Strabag SE is about 4.9%, meaning it keeps roughly 4.9% of revenue as net income. Based on the latest reported figures.
Does Strabag SE pay a dividend?
Strabag SE currently shows a dividend yield of about 2.90% relative to its recent price (as of Sep 9, 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 -8.7 % per year for ten years (discount rate 8.2 %, then 2 % perpetual growth). Over the last 5 years revenue grew +4.9 % per year. As of Sep 9, 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 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 9, 2026), against a price of €100.00. 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 9, 2026, STR trades below its calculated fair value: price €100.00, fair value €160.66, a gap of about +61% (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 (€100.00); the fair value is what the company's own numbers justify (€160.66). For Strabag SE the two are €60.66 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 €11.5B (market capitalisation, as of Sep 9, 2026). Per share that is €100.00; 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 €195.30 per share (as of Sep 9, 2026, price €100.00). 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 12.6 (as of Sep 9, 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 9, 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 9, 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 €100.00, about 2% below its 52-week high of €98.30 and 55% above the low of €64.50 (as of Sep 9, 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 9, 2026: price €100.00, calculated fair value €160.66 (+61%), 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.
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