5 Baltic Value Stocks with Strong Potential
Value investing is like searching for high-quality goods at a discount – the goal is to find strong companies whose stock price is low compared to their intrinsic value. In the current market situation, as we enter early 2026, several Baltic companies have shown impressive profit growth while trading at reasonable price levels. The following analysis highlights five companies that stand out with low P/E ratios and growing operating profits, offering interesting opportunities for investors before the new fiscal year results are released.
Telia Lietuva is currently attractively priced, trading at a P/E ratio of 12.2. The company's operating profit growth has accelerated significantly, reaching 28.5% in the last quarter, which indicates a strong improvement in profitability compared to the previous period.
The success is driven by growth in mobile service revenue and an increase in the number of contract customers. As the stock is trading near its 52-week high, the market has taken notice of the good results, but strong fundamentals and cost efficiency suggest that the company's business is on solid ground.
Port of Tallinn offers stability at a reasonable price, with a P/E ratio of 13.6. Particularly positive is the 32.4% annual growth in operating profit, which clearly surpasses previous quarters and indicates a recovery in profitability.
The main driver of growth has been strict cost control, especially the reduction in repair costs for the icebreaker Botnica compared to the previous year. This provides investors with confidence that the company can improve profitability even with stable revenue, keeping the stock at its annual high.
Harju Elekter has undergone a strong turnaround, trading at a P/E level of 14.8. After a previous decline, operating profit has turned to 38.7% growth, which is a very strong figure for the industrial sector and a sign of a successful recovery.
The improvement in the company's results is driven by a doubling of sales revenue from other services and improved cost efficiency. This is a classic turnaround story where management's decisions have started to bear fruit, although investors should watch for the annual report in February to confirm the trend's sustainability.
Grigeo is one of the most affordable options on the list, with a very low P/E ratio of 6.4. Despite its low price, the company has managed to turn a decline in operating profit into 24.3% growth, making it a classic value investment candidate.
The improved results are backed by the recovery of the paper segment and growth in sales revenue. This is a case where the market may have overestimated the risks, considering the stock remains stable near its annual high and the company has managed to keep cost growth under control.
Ekspress Grupp stands out with an exceptionally low P/E ratio of 6.5. At the same time, the company has shown impressive 39.1% growth in operating profit, a rare achievement in the media sector that points to strong underlying value.
The key to its success has been the addition of new business lines, such as training and conferences, which successfully offset the uncertainty in the advertising market. For investors, this is a sign of management's ability to find new revenue streams, although it is worth monitoring whether this growth can be sustained at the same pace long-term.
Conclusion
In summary, these five companies are united by a strong recovery in profitability and a reasonable price level. Whether it's cost savings (Port of Tallinn), new business lines (Ekspress Grupp), or a successful turnaround in core operations (Harju Elekter), these selections show that value can be found on the Baltic market even in early 2026. However, it's worth remembering that a low P/E ratio alone does not guarantee success – investors must always monitor whether profit growth is sustainable in subsequent quarters and avoid companies whose profits are on a downward trend.
RYTM content is for informational purposes only, not financial advice or recommendations. You are solely responsible for your investment decisions. Always consult a professional.