Tekova Oy (TEKOVA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tekova Oy €3.41, price €1.14, upside +200.0%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 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 23, 2026.
How to read this chart
21‑month range €0.6871 – €1.61 · fair‑value band €1.65 – €6.66 · the €1.14 price screens below the €3.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Tekova Oy engages in the construction of commercial, office, logistics, production, and sports facilities in Finland. The company was incorporated in 2018 and is headquartered in Vantaa, Finland.
Stock analysis
Tekova Oy (TEKOVA) currently trades at €1.14, while our model-based Fair Value estimate is €3.41, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €8.36 per share, and 22 of the 25 models we run sit above the €1.14 price.
Bear case: the Dividend Discount group reads lowest at €0.4700, and 3 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: €1.65 (bear) to €6.66 (bull), the price of €1.14 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 71/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tekova Oy reported revenue of €111M in FY2025 versus €34.5M in FY2020, a compound +26.3%/yr. Reported net income was €8.2M in FY2025, compounding +35.6%/yr from FY2020.
Key figures
Market cap €49.6M · P/E ratio 6.0 · P/S ratio 0.44 · EPS (TTM) €0.1900 · Dividend yield 3.5% · Net margin 7.4% · Return on assets (EBIT) 20.3% · Free cash flow €2.4M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 200%, TEKOVA screens cheaper than that median.
Fair Value models
Bear €1.65Fair Value €3.41Bull €6.66
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 (€0.1395 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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+68.9%
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.
+26.3%
Start year 2020 (pandemic)
’20
’23
’24
’25
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.
6.6% (2020) → 9.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
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).
+8.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +6.2% a year for the 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 · 840 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+200% · Top 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)7% · Top 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)3.5% · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Tekova Oy Fair Value". https://www.fairvalue-calculator.com/stock/TEKOVA
Frequently asked questions
Is Tekova Oy (TEKOVA) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €3.41 versus a price of €1.14, about +200% upside (undervalued).
What is the fair value of TEKOVA?
Our model-based fair value for Tekova Oy is €3.41 (as of Sep 23, 2026), built from audited fundamentals. The current price: €1.14.
What is the quality score of TEKOVA?
Tekova Oy has a Quality Score of 71/100. 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 Tekova Oy (TEKOVA)?
Our model-based price target is the fair value of €3.41 (as of Sep 23, 2026) from 25 valuation models. Cautious scenario €1.65, optimistic scenario €6.66. It is a calculation from audited fundamentals, not an analyst target.
What is the Tekova Oy stock forecast for 2026?
Our models put fair value at €3.41, about +200% upside versus a price of €1.14 (undervalued). Cautious scenario €1.65, optimistic scenario €6.66. The calculation is refreshed regularly with new filings.
Does Tekova Oy pay a dividend?
Tekova Oy currently shows a dividend yield of about 3.55% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Tekova Oy (TEKOVA)?
For today's price to be fair in a discounted-cash-flow model, Tekova Oy would have to grow free cash flow by +8.5 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of TEKOVA use?
Our models discount Tekova Oy at 12.9 %: a base by market capitalisation (micro), country premium for Finland. 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 Tekova Oy that is +8.5 % per year a year over ten years, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Tekova Oy (TEKOVA) delivered so far?
Over the past 5 years revenue at Tekova Oy grew +26.3 % a year. The price currently implies +8.5 % 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 Tekova Oy (TEKOVA) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Tekova Oy (+8.5 % 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 Tekova Oy (TEKOVA)?
The free-cash-flow yield on the price is 4.90 %: that much free cash flow Tekova Oy produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tekova Oy (TEKOVA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tekova Oy it is €3.41 per share (as of Sep 23, 2026), against a price of €1.14. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Tekova Oy stock overvalued or undervalued in 2026?
As of Sep 23, 2026, TEKOVA trades below its calculated fair value: price €1.14, fair value €3.41, a gap of about +200% (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 TEKOVA?
No. The price is what the market pays today (€1.14); the fair value is what the company's own numbers justify (€3.41). For Tekova Oy the two are €2.27 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tekova Oy worth?
The market values Tekova Oy at about €49.6M (market capitalisation, as of Sep 23, 2026). Per share that is €1.14; our models calculate a fair value of €3.41 per share.
What do the bullish and bearish scenarios say about TEKOVA?
Our models span a range for Tekova Oy: cautious scenario €1.65, base €3.41, optimistic €6.66 per share (as of Sep 23, 2026, price €1.14). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TEKOVA?
Tekova Oy trades at a price-to-earnings ratio of 6.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €3.41 is built from several models across several years. Other multiples: PEG 0.3, P/B 3.6.
What is the PEG ratio of TEKOVA?
The PEG ratio of Tekova Oy is 0.26 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How far is TEKOVA from its 52-week high?
Tekova Oy trades at €1.14, about 26% below its 52-week high of €1.53 and 2% above the low of €1.12 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €3.41 is for.
Which stocks are comparable to Tekova Oy?
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 Tekova Oy stock attractive at the current price?
The data as of Sep 23, 2026: price €1.14, calculated fair value €3.41 (+200%), Quality Score 71/100, from 25 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 TEKOVA calculated?
We run Tekova Oy through 25 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 €3.41, 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 14.0 % above its aggregate fair value. Tekova Oy currently trades 200 % 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 Tekova Oy (TEKOVA)?
The closing price on Sep 24, 2026 was €1.14. Our model-based fair value is €3.41, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tekova Oy right now?
The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (€1.65). The market is more pessimistic than our downside scenario. The model range is unusually wide (€1.65 to €6.66). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Tekova Oy
How large is the market capitalisation of Tekova Oy (TEKOVA)?
The market capitalisation of Tekova Oy is €49.6M. 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 Tekova Oy (TEKOVA)?
The price-to-sales ratio of Tekova Oy is 0.44 (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 Tekova Oy (TEKOVA)?
Earnings per share at Tekova Oy are €0.1900 (price ÷ EPS = P/E 6.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tekova Oy (TEKOVA)?
The dividend yield of Tekova Oy is 3.5% (payout 21.2%). 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 Tekova Oy (TEKOVA)?
The net margin of Tekova Oy is 7.4% (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 EBIT return on assets of Tekova Oy (TEKOVA)?
On an EBIT basis the return on assets of Tekova Oy is 20.3% (avg 3y). 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.
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