€4.0m under the valuation: Alexander Djiku moved to Spartak Moscow at 0.38× his market price

Spartak Moscow paid €2.5m for Alexander Djiku. The market value recorded against him at the time was €6.5m. The difference is €4.0m, and the ratio is 0.38×.

Of the 82 deals into the Russian Premier League in 2025/26 where both a fee and a valuation are on record, 64 were done at a higher multiple than this one — 78% of them. That is what makes this price ordinary or unusual: its own league, its own season, not a feeling about the player.

A market value is the market's estimate, not a price tag, and a club paying above or below one is doing business, not making a mistake. What the gap measures is how far this club's read sat from the consensus — nothing about how the player performs next.

Transfer record, fees and market values: ACTUAL TRANSFER MARKET (actualtransfermarket.com). Analysis: ACTUAL SPORT INTELLIGENCE.