Toivo Group Oyj (TOIVO) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Toivo Group Oyj stock €0.89, price €0.82, upside +8.5%, quality 50 out of 100. Rating: fairly valued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range €0.7345 – €3.07 · fair‑value band €0.8900 – €0.9200 · the €0.8200 price screens below the €0.8900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Toivo Group Oyj operates as a real estate company. It engages in real estate property development, construction, ownership, management, and leasing. The company also develops lots, constructs houses, and owns and sells apartments and residential, as well as offers rented plots.
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In addition, it provides project management contracting services. The company was incorporated in 2015 and is based in Espoo, Finland. Toivo Group Oyj operates as a subsidiary of Raatihuone Oy.
Stock analysis
Toivo Group Oyj (TOIVO) currently trades at €0.8200, while our model-based Fair Value estimate is €0.8900, so the stock looks roughly fairly valued today (gap 7.9%).
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Valuation
Bull case: the Multiples group reads highest at a median of €1.24 per share, and 7 of the 7 models we run sit above the €0.8200 price.
Bear case: the Asset-Based group reads lowest at €0.8400, and 0 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: €0.8900 (bear) to €0.9200 (bull), the price of €0.8200 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 50/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Toivo Group Oyj reported revenue of €61.7M in FY2025 versus €13.6M in FY2021, a compound +46.0%/yr. Reported net income was €4.3M in FY2025, compounding −22.6%/yr from FY2021.
Key figures
Market cap €48.4M Micro · P/E ratio 11.7 · P/S ratio 0.62 · EPS (TTM) €0.0700 · Dividend yield 3.7% · Net margin 5.2% · Return on equity 6.3% · Return on assets (EBIT) 2.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −51% fair-value upside, at 9%, TOIVO screens cheaper than that median.
Fair Value models
Bear€0.8900Fair Value €0.8900Bull€0.9200
Price €0.8200 · Upside +8.5%
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 (€0.0343 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+55.0%
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.
+44.8%
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.
+70.8%
Start year 2020 (pandemic)
Revenue growth 7 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.
+132.3%
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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.
−1.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.9%
Dividend (yield on the price)3.7%
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.37% → 13%
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.Real Estate - Diversified · 114 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+8.5% · Above median
Profitability
Return on equity (12 months)6.3% · Above median
Return on assets2.5% · Below median
Net margin (12 months)5.2% · Bottom 25%
Operating margin (12 months)10.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)22.0% · Top 25%
Dividend yield (12 months)3.7% · Above median
Balance sheet
Debt / equity0.75× · Above median
Valuation Multiplesvs Real Estate - Diversified 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). "Toivo Group Oyj Fair Value". https://www.fairvalue-calculator.com/stock/TOIVO
Frequently asked questions
Is Toivo Group Oyj (TOIVO) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €0.8900 versus a price of €0.8200, about +9% upside (fairly valued).
What is the fair value of TOIVO?
Our model-based fair value for Toivo Group Oyj is €0.8900 (as of Nov 6, 2026), built from audited fundamentals. The current price: €0.8200.
What is the quality score of TOIVO?
Toivo Group Oyj has a Quality Score of 50/100. 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 Toivo Group Oyj (TOIVO)?
Our model-based price target is the fair value of €0.8900 (as of Nov 6, 2026) from 7 valuation models. Cautious scenario €0.8900, optimistic scenario €0.9200. It is a calculation from audited fundamentals, not an analyst target.
What is the Toivo Group Oyj stock forecast for 2026?
Our models put fair value at €0.8900, about +9% upside versus a price of €0.8200 (fairly valued). Cautious scenario €0.8900, optimistic scenario €0.9200. The calculation is refreshed regularly with new filings.
What is the revenue of Toivo Group Oyj (TOIVO)?
Toivo Group Oyj reported trailing-twelve-month revenue of about €78.3M (latest available figure, as of Nov 6, 2026).
Does Toivo Group Oyj pay a dividend?
Toivo Group Oyj currently shows a dividend yield of 3.66% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Toivo Group Oyj (TOIVO) and when is the ex-dividend date?
Toivo Group Oyj pays a dividend of €0.03 per share a year, a dividend yield of 3.7%. The last ex-dividend date was Apr 10, 2026. The payout ratio is 42.9% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Toivo Group Oyj (TOIVO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Toivo Group Oyj it is €0.8900 per share (as of Nov 6, 2026), against a price of €0.8200. It is the blended result of 7 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Toivo Group Oyj stock overvalued or undervalued in 2026?
As of Nov 6, 2026, TOIVO trades below its calculated fair value: price €0.8200, fair value €0.8900, a gap of about +9% (fairly valued). 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 TOIVO?
No. The price is what the market pays today (€0.8200); the fair value is what the company's own numbers justify (€0.8900). For Toivo Group Oyj the two are €0.0700 per share apart. That gap is exactly why we show both numbers side by side.
How much is Toivo Group Oyj worth?
The market values Toivo Group Oyj at about €48.4M (market capitalisation, as of Nov 6, 2026). Per share that is €0.8200; our models calculate a fair value of €0.8900 per share.
What do the bullish and bearish scenarios say about TOIVO?
Our models span a range for Toivo Group Oyj: cautious scenario €0.8900, base €0.8900, optimistic €0.9200 per share (as of Nov 6, 2026, price €0.8200). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TOIVO?
Toivo Group Oyj trades at a price-to-earnings ratio of 11.7 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €0.8900 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.6, EV/EBITDA 11.9.
How solid is the balance sheet of Toivo Group Oyj (TOIVO)?
Balance-sheet figures for Toivo Group Oyj (as of Nov 6, 2026): return on equity 6.3%, debt of 0.75 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is TOIVO from its 52-week high?
Toivo Group Oyj trades at €0.8200, about 18% below its 52-week high of €0.9980 and at the low of €0.8180 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €0.8900 is for.
Which stocks are comparable to Toivo Group Oyj?
From the same area (Real Estate) we also value Swiss Prime Site AG, The Phoenix Mills Limited, Prestige Estates Projects Limited, Umm Al Qura for Development and Construction Company, 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 Toivo Group Oyj stock attractive at the current price?
The data as of Nov 6, 2026: price €0.8200, calculated fair value €0.8900 (+9%), Quality Score 50/100, from 7 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 TOIVO calculated?
We run Toivo Group Oyj through 7 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €0.8900 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Toivo Group Oyj currently trades 8% 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 Toivo Group Oyj (TOIVO)?
The closing price on Nov 6, 2026 was €0.8200. Our model-based fair value is €0.8900, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Toivo Group Oyj right now?
The price is below even our cautious bear case (€0.8900). The market is more pessimistic than our downside scenario. The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (€0.8900 to €0.9200), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Toivo Group Oyj
How large is the market capitalisation of Toivo Group Oyj (TOIVO)?
The market capitalisation of Toivo Group Oyj is €48.4M. 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 Toivo Group Oyj (TOIVO)?
The price-to-sales ratio of Toivo Group Oyj is 0.62 (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 Toivo Group Oyj (TOIVO)?
Earnings per share at Toivo Group Oyj are €0.0700 (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Toivo Group Oyj (TOIVO)?
The dividend yield of Toivo Group Oyj is 3.7% (payout 42.9%). 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 Toivo Group Oyj (TOIVO)?
The net margin of Toivo Group Oyj is 5.2% (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 Toivo Group Oyj (TOIVO)?
The return on equity (ROE) of Toivo Group Oyj is 6.3% (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 Toivo Group Oyj (TOIVO)?
On an EBIT basis the return on assets of Toivo Group Oyj is 2.3% (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 Toivo Group Oyj (TOIVO)?
The operating margin of Toivo Group Oyj is 10.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Toivo Group Oyj (TOIVO)?
Revenue at Toivo Group Oyj is growing +22.0% versus a year earlier (3y avg +44.8%). 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 Toivo Group Oyj (TOIVO)?
Earnings per share at Toivo Group Oyj are growing +941% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Toivo Group Oyj (TOIVO) generate?
The free cash flow of Toivo Group Oyj is −€3.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Toivo Group Oyj (TOIVO) carry?
The net debt of Toivo Group Oyj is €47.0M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 6, 2026