Tower Investments SA (TOW) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Tower Investments SA PLN 2.29, price PLN 1.84, upside +24.3%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Tower Investments S.A. engages in the real estate development business in Poland. The company develops multifunctional residential and commercial properties. It also develops and owns shopping malls and retail parks under the SHOPIN brand name. The company was founded in 2005 and is based in Warsaw, Poland.
Stock analysis
Tower Investments SA (TOW) currently trades at 1.84 PLN, while our model-based Fair Value estimate is 2.29 PLN, implying the stock looks roughly 19.5% undervalued today.
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Valuation
How firm this estimate is: it rests on 5 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: 1.72 PLN (bear) to 2.87 PLN (bull), the price of 1.84 PLN sits inside 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 45/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Tower Investments SA reported revenue of 1.1M PLN in FY2025 versus 50.0M PLN in FY2021, a compound −61.5%/yr. Reported net income was 2.3M PLN in FY2025.
Key figures
Market cap 4.9M PLN (≈ $1.3M) · P/E ratio 1.2 · P/S ratio 2.43 · EPS (TTM) 1.57 PLN · Net margin 213% · Return on equity 53.1% · Return on assets (EBIT) −13.4% · Operating margin 146%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 40% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 10% fair-value upside, at 24%, TOW screens cheaper than that median.
Fair Value models
Bear 1.72 PLNFair Value 2.29 PLNBull 2.87 PLN
Price 1.84 PLN · Upside +24.3%
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 (1.21 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.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.30/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.5%
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.
−65.4%
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.
−43.6%
Start year 2020 (pandemic). Over 10 years: −8.1% a year
Revenue growth 10 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.
−8.1%
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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.
−15.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.6%
Dividend (yield on the price)0.0%
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.−15.6% vs −12.3%, slowing
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.−6% → 0%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 27.2%/yr over ~8Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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 - Development · 578 stocks
Beats the industry median on 6/7 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+24.3% · Above median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets4.1% · Top 25%
Operating margin (TTM)145.6% · Top 25%
Growth and dividend
Revenue growth118.8% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (TTM)1.2× · Cheapest 25%
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)1.14× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)66· sector 65
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 11
HEALTH (low debt)0· sector 84
DIVIDEND (yield)0· sector 59
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Tower Investments SA Fair Value". https://www.fairvalue-calculator.com/stock/TOW
Frequently asked questions
Is Tower Investments SA (TOW) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 2.29 PLN versus a price of 1.84 PLN, about +24% upside (undervalued).
What is the fair value of TOW?
Our model-based fair value for Tower Investments SA is 2.29 PLN (as of Oct 3, 2026), built from audited fundamentals. The current price: 1.84 PLN.
What is the quality score of TOW?
Tower Investments SA has a Quality Score of 45/100. 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 Tower Investments SA (TOW)?
Our model-based price target is the fair value of 2.29 PLN (as of Oct 3, 2026) from 2 valuation models. Cautious scenario 1.72 PLN, optimistic scenario 2.87 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Tower Investments SA stock forecast for 2026?
Our models put fair value at 2.29 PLN, about +24% upside versus a price of 1.84 PLN (undervalued). Cautious scenario 1.72 PLN, optimistic scenario 2.87 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Tower Investments SA (TOW)?
Tower Investments SA reported trailing-twelve-month revenue of about 1.1M PLN (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of Tower Investments SA (TOW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tower Investments SA it is 2.29 PLN per share (as of Oct 3, 2026), against a price of 1.84 PLN. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Tower Investments SA stock overvalued or undervalued in 2026?
As of Oct 3, 2026, TOW trades below its calculated fair value: price 1.84 PLN, fair value 2.29 PLN, a gap of about +24% (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 TOW?
No. The price is what the market pays today (1.84 PLN); the fair value is what the company's own numbers justify (2.29 PLN). For Tower Investments SA the two are 0.4470 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Tower Investments SA worth?
The market values Tower Investments SA at about 4.9M PLN (market capitalisation, as of Oct 3, 2026). Per share that is 1.84 PLN; our models calculate a fair value of 2.29 PLN per share.
What do the bullish and bearish scenarios say about TOW?
Our models span a range for Tower Investments SA: cautious scenario 1.72 PLN, base 2.29 PLN, optimistic 2.87 PLN per share (as of Oct 3, 2026, price 1.84 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TOW?
Tower Investments SA trades at a price-to-earnings ratio of 1.2 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.29 PLN is built from several models across several years. Other multiples: P/S 1.1.
How solid is the balance sheet of Tower Investments SA (TOW)?
Balance-sheet figures for Tower Investments SA (as of Oct 3, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is TOW from its 52-week high?
Tower Investments SA trades at 1.84 PLN, about 22% below its 52-week high of 2.35 PLN and 40% above the low of 1.31 PLN (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 2.29 PLN is for.
Which stocks are comparable to Tower Investments SA?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Tower Investments SA stock attractive at the current price?
The data as of Oct 3, 2026: price 1.84 PLN, calculated fair value 2.29 PLN (+24%), Quality Score 45/100, from 2 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 TOW calculated?
We run Tower Investments SA through 2 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 2.29 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 14.5 % above its aggregate fair value. Tower Investments SA currently trades 20 % 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 Tower Investments SA (TOW)?
The closing price on Oct 8, 2026 was 1.84 PLN. Our model-based fair value is 2.29 PLN, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tower Investments SA right now?
Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Tower Investments SA
How large is the market capitalisation of Tower Investments SA (TOW)?
The market capitalisation of Tower Investments SA is 4.9M PLN (≈ $1.3M). 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 Tower Investments SA (TOW)?
The price-to-sales ratio of Tower Investments SA is 2.43 (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 Tower Investments SA (TOW)?
Earnings per share at Tower Investments SA are 1.57 PLN (price ÷ EPS = P/E 1.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tower Investments SA (TOW)?
The net margin of Tower Investments SA is 213% (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 Tower Investments SA (TOW)?
The return on equity (ROE) of Tower Investments SA is 53.1% (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 Tower Investments SA (TOW)?
On an EBIT basis the return on assets of Tower Investments SA is −13.4% (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 Tower Investments SA (TOW)?
The operating margin of Tower Investments SA is 146% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tower Investments SA (TOW)?
Revenue at Tower Investments SA is growing +119% versus a year earlier (3y avg −65.4%). 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 Tower Investments SA (TOW)?
Earnings per share at Tower Investments SA are growing +57.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tower Investments SA (TOW) generate?
The free cash flow of Tower Investments SA is −102K PLN (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 Tower Investments SA (TOW) carry?
The net debt of Tower Investments SA is 2.2M PLN (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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