Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A stock PLN 0.26, price PLN 0.38, that is 31.6% below the price, quality 58 out of 100. Rating: overvalued. 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. As of Nov 4, 2026.
How to read this chart
60‑month range 0.1960 PLN – 0.7800 PLN · fair‑value band 0.1400 PLN – 0.3500 PLN · the 0.3800 PLN price screens above the 0.2600 PLN fair value. As of Nov 4, 2026.
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Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A. operates as a telecommunications company in Poland.
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The company offers fiber to the home (FTTH) fiber-optic internet; 5G mobile telephony and mobile internet; ultra HD 4K digital television; fixed-line telephony and internal network construction; and telecommunications service packages. It serves individuals, businesses, and institutions.
Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A. was founded in 1996 and is based in Jaslo, Poland.
Stock analysis
Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG) currently trades at 0.3800 PLN, while our model-based Fair Value estimate is 0.2600 PLN, 32% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 0.3300 PLN per share, and 2 of the 24 models we run sit above the 0.3800 PLN price.
Bear case: the Economic Profit group reads lowest at 0.1300 PLN, and 22 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1400 PLN (bear) to 0.3500 PLN (bull), the price of 0.3800 PLN sits above 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 58/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A reported revenue of 6.1M PLN in FY2025 versus 3.6M PLN in FY2022, a compound +19.0%/yr. Reported net income was 559K PLN in FY2025, compounding +63.7%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap 13.4M PLN (≈ $3.4M) Micro · P/E ratio 12.7 · P/S ratio 2.08 · EPS (TTM) 0.0300 PLN · Net margin 15.1% · Return on equity 12.2% · Return on assets (EBIT) 4.0% · Operating margin 27.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 50% fair-value upside, at −32%, TLG screens richer than that median.
Fair Value models
Bear0.1400 PLNFair Value 0.2600 PLNBull0.3500 PLN
Price 0.3800 PLN · Downside -31.6%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0254 PLN 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. 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.
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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+8.6%
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.
+19.0%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
+22.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.5%
Dividend (yield on the price)0.0%
Profit margin 2022 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.8% → 9%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+27.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +23.8% a year for the price.
Compare Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A with another stock
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.Telecom Services · 235 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−31.6% · Bottom 25%
Profitability
Return on equity (12 months)12.2% · Above median
Return on assets4.4% · Above median
Net margin (12 months)15.1% · Top 25%
Operating margin (12 months)27.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)9.3% · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/E (12 months)12.7× · Cheaper than median
P/B1.70× · Pricier than median
P/S (12 months)2.08× · Pricier than median
Price / free cash flow47.2× · Priciest 25%
EV/EBITDA7.0× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 42
FUTURE (revenue growth)47· sector 19
PAST (return on equity)49· sector 33
HEALTH (low debt)0· sector 83
DIVIDEND (yield)0· sector 72
VALUE 0: the price sits above our fair-value range.
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.
Is Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.2600 PLN versus a price of 0.3800 PLN, about 32% lower (overvalued).
What is the fair value of TLG?
Our model-based fair value for Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A is 0.2600 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.3800 PLN.
What is the quality score of TLG?
Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A has a Quality Score of 58/100. 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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
Our model-based price target is the fair value of 0.2600 PLN (as of Nov 4, 2026) from 24 valuation models. Cautious scenario 0.1400 PLN, optimistic scenario 0.3500 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A stock forecast for 2026?
Our models put fair value at 0.2600 PLN, about 32% lower versus a price of 0.3800 PLN (overvalued). Cautious scenario 0.1400 PLN, optimistic scenario 0.3500 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A reported trailing-twelve-month revenue of about 6.4M PLN (latest available figure, as of Nov 4, 2026).
What growth is priced into Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
For today's price to be fair in a discounted-cash-flow model, Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A would have to grow free cash flow by +27.7 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +19.0 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of TLG use?
Our models discount Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A at 10.6 %: a base by market capitalisation (nano), country premium for Poland. 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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A that is +27.7 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG) delivered so far?
Over the past 3 years revenue at Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A grew +19.0 % a year. The price currently implies +27.7 % 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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG) growing?
The median revenue growth in the sector is +3.7 % a year. That is the yardstick for the growth priced into Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (+27.7 % 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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
The free-cash-flow yield on the price is 2.12 %: that much free cash flow Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A it is 0.2600 PLN per share (as of Nov 4, 2026), against a price of 0.3800 PLN. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A stock overvalued or undervalued in 2026?
As of Nov 4, 2026, TLG trades above its calculated fair value: price 0.3800 PLN, fair value 0.2600 PLN, a gap of about −32% (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 TLG?
No. The price is what the market pays today (0.3800 PLN); the fair value is what the company's own numbers justify (0.2600 PLN). For Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A the two are 0.1200 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A worth?
The market values Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A at about 13.4M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 0.3800 PLN; our models calculate a fair value of 0.2600 PLN per share.
What do the bullish and bearish scenarios say about TLG?
Our models span a range for Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A: cautious scenario 0.1400 PLN, base 0.2600 PLN, optimistic 0.3500 PLN per share (as of Nov 4, 2026, price 0.3800 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TLG?
Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A trades at a price-to-earnings ratio of 12.7 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.2600 PLN is built from several models across several years. Other multiples: P/B 1.7, P/S 2.1, EV/EBITDA 7.0.
How solid is the balance sheet of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
Balance-sheet figures for Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (as of Nov 4, 2026): return on equity 12.2%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is TLG from its 52-week high?
Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A trades at 0.3800 PLN, about 32% below its 52-week high of 0.5580 PLN and 6% above the low of 0.3600 PLN (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2600 PLN is for.
Which stocks are comparable to Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, 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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A stock attractive at the current price?
The data as of Nov 4, 2026: price 0.3800 PLN, calculated fair value 0.2600 PLN (−32%), Quality Score 58/100, from 24 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 TLG calculated?
We run Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A through 24 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 0.2600 PLN, 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 15.0% above its aggregate fair value. Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A 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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
The closing price on Nov 4, 2026 was 0.3800 PLN. Our model-based fair value is 0.2600 PLN, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A right now?
The price sits above even our optimistic bull case (0.3500 PLN). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (0.1400 PLN to 0.3500 PLN) leaves room in how you read the outcome.
Key figures of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A
How large is the market capitalisation of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
The market capitalisation of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A is 13.4M PLN (≈ $3.4M). 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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
The price-to-sales ratio of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A is 2.08 (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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
Earnings per share at Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A are 0.0300 PLN (price ÷ EPS = P/E 12.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
The net margin of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A is 15.1% (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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
The return on equity (ROE) of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A is 12.2% (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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
On an EBIT basis the return on assets of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A is 4.0% (avg 4y). 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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
The operating margin of Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A is 27.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
Revenue at Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A is growing +9.3% versus a year earlier (3y avg +19.0%). 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 Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A (TLG)?
Earnings per share at Przedsiebiorstwa Telekomunikacyjnego TELGAM S.A are growing +623% versus a year earlier. How much earnings per share grew versus a year earlier.
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