Nabaltec AG (STU:NTG) Construction In Progress: €29.7 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:NTG Nabaltec AG STU:NTG
78 GF Score
Price €11.60
GF Value €14.10
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Nabaltec AG Construction In Progress?

Nabaltec AG STU:NTG 78 Construction In Progress is €29.7 Mil as of Jun. 2026. GuruFocus rates STU:NTG with a GF Score™ of 78/100 and a GF Value™ of €14.10 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Nabaltec AG's quarterly construction in progress increased from Dec. 2025 (€28.9 Mil) to Mar. 2026 (€32.3 Mil) but then declined from Mar. 2026 (€32.3 Mil) to Jun. 2026 (€29.7 Mil).

Nabaltec AG's annual construction in progress increased from Dec. 2023 (€15.4 Mil) to Dec. 2024 (€41.5 Mil) but then declined from Dec. 2024 (€41.5 Mil) to Dec. 2025 (€28.9 Mil).

Nabaltec AG Construction In Progress Historical Data

* Premium members only.

The historical data trend for Nabaltec AG's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nabaltec AG Construction In Progress Chart

Nabaltec AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.73 8.17 15.43 41.48 28.87

Nabaltec AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.36 47.39 28.87 32.31 29.72
STU:NTG
78GF Score
Nabaltec AG STU:NTG
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nabaltec AG Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €29.7 Mil mean?
Nabaltec AG (STU:NTG) has a Construction In Progress of €29.7 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Nabaltec AG and its competitors.
Is Nabaltec AG's Construction In Progress too high?
Nabaltec AG's current Construction In Progress is €29.7 Mil. Overall, Nabaltec AG has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nabaltec AG's Construction In Progress compare to LIN and SHW?
Nabaltec AG's Construction In Progress of €29.7 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Chemicals company?
A good Construction In Progress depends on the Chemicals industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Nabaltec AG and its competitors. Nabaltec AG's current Construction In Progress is €29.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nabaltec AG stock overvalued right now?
Based on GuruFocus' analysis, Nabaltec AG (STU:NTG) is currently considered Modestly Undervalued. The stock's GF Value™ is €14.10, compared to a current price of €11.60 — trading 17.7% below its estimated fair value. The current Construction In Progress is €29.7 Mil. Nabaltec AG's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Nabaltec AG (STU:NTG), the current Construction In Progress is €29.7 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nabaltec AG (STU:NTG) Overvalued in 2026?

Based on GuruFocus' analysis, Nabaltec AG stock appears to be undervalued. The current stock price of €11.60 is trading 17.7% below its estimated GF Value™ of €14.10. GuruFocus considers Nabaltec AG to be Modestly Undervalued.

Key valuation signals for STU:NTG:

  • Construction In Progress: €29.7 Mil
  • GF Value™: €14.10 vs. price of €11.60 (17.7% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the STU:NTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nabaltec AG Business Description

Other Exchanges NTG:Germany
Address Alustrasse 50 - 52, Schwandorf, BY, DEU, 92421
Nabaltec AG is a German specialty chemicals company that develops, manufactures, and distributes products based on mineral raw materials, primarily aluminum hydroxide (ATH) and aluminum oxide. It operates through two segments: Functional Fillers, its largest by revenue, which produces non-halogenated flame retardant fillers for the plastics, cable, and rubber industries as well as additives; and Specialty Aluminas, which makes ceramic materials, ceramic bodies, and specialty aluminas for technical ceramics, refractories, and other industrial applications. Its products include aluminum hydroxide, aluminum oxide, boehmite, and ceramic bodies. Customers are industrial manufacturers in the plastics, cable, ceramics, and refractory sectors. The company is headquartered in Schwandorf, Germany, and serves customers across Europe, Asia, and the Americas through its own sales network and subsidiaries. Revenue is generated mainly from volume sales of specialty mineral-based products, supplemented by custom development work.
78GF Score

Get the complete analysis for STU:NTG

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.60
Price
€14.10
GF Value