EN DE

BASF SE (BAS) Fair Value & Analysis

Basic Materials · DE · Market cap €42.9B · ISIN DE000BASF111

What is BASF SE really worth?

BS BASF SE BAS · XETRA
Price€53.36
Fair Value€40.28
Upside−24.5%
Quality53/100

A solid business, but trading 32% above our fair value of €40.28.

Watch BASF SE for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Moderate debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +0.2 %/yr)
!Thin margins · 2.9% net margin
!Mixed vs. peers (6/15)
!Narrow moat 36/100
!Weak on valuation: 1 out of 100
!Weak on past: 18 out of 100

For context

·4.22% dividend yield
Evidence: High Range €36.08 – €46.98

Fair value as of: Aug 29, 2026

From 24 valuation models · updated 7 days ago

Fair value updated Aug 29, 2026, revised from €25.56 to €40.28 (+57.6%) since Aug 27, 2026. Share price +5.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (€46.98). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

€54.00 €30.62 Fair Value €40.28 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range €30.62 – €54.00 · fair‑value band €36.08 – €46.98 · the €53.36 price screens above the €40.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

BASF SE (BAS) currently trades at €53.36, while our model-based Fair Value estimate is €40.28, implying the stock looks roughly 32.5% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of €31.12 per share, and 0 of the 23 models we run sit above the €53.36 price. Bear case: the DCF Models group reads lowest at €9.45, and 23 of the 23 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, BASF SE generated revenue of €59.2B at a net margin of 2.9%. Revenue declined 3.0% year over year. It earns a return on equity of 4.4%. Net debt stands at €21.8B. Fundamentals as of Aug 29, 2026

Our scenario range runs from €36.08 (bear case) to €46.98 (bull case); at €53.36, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −48% fair-value upside, at −25%, BAS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
FCF DCF €2.67 €13.40 77
Residual Income €28.99 €29.61 €28.55 76
Growth DCF €3.18 €12.80 75
All 24 models by family
DCF Models
FCF DCF €2.67 €13.40 77
Owner Earnings €6.55 73
5Y Revenue Exit €2.81 €13.90 €30.28 65
5Y EBITDA Exit €16.00 €36.52 €64.08 72
5Y P/E Exit €0.2200 €9.45 €20.64 62
10Y Revenue Exit €8.36 €18.00 64
10Y EBITDA Exit €8.50 €22.75 €38.68 65
10Y P/E Exit €5.53 €12.09 61
Earnings-Based
Graham-Dodd €12.45 €17.44 €20.36 67
EPV €2.88 €5.48 68
Dividend Discount
Gordon GGM €21.66 €24.02 €27.35 69
DDM Multi-Stage €21.66 €27.90 €36.17 67
Multiples
P/E Multiple €23.34 €31.12 €38.90 63
P/S Multiple €23.34 €31.12 €38.90 58
P/B Multiple €23.34 €31.12 €38.90 55
EV/EBIT €12.51 €22.64 €32.77 63
EV/EBITDA €35.18 €52.87 €70.56 66
EV/Revenue €8.46 €19.75 €31.04 50
Asset-Based
NCAV (Graham) €18.77 €25.15 €37.54 54
Growth DCF
Growth DCF €3.18 €12.80 75
Rev-Margin DCF €2.81 €14.24 €28.27 66
Economic Profit
Residual Income €28.99 €29.61 €28.55 76
ROIC Compounder €2.88 €5.48 68
Growth Earnings
Growth-Adj P/E €16.63 €23.76 €30.88 67

Widest divergence: Multiples (€31.12) versus Earnings-Based (€2.88). Highest evidence: FCF DCF (77).

Notify me when BAS reaches fair value

Put BAS on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 29.9 as of May 31, 2026
P/S ratio 0.81 P/E × margin
EPS (TTM) €1.70 price ÷ EPS = P/E 29.9
Dividend yield 4.2% payout 132%
Net margin 2.7% FY2025
Return on equity 4.4% TTM
More key figures
Profitability
Return on assets (EBIT) 5.6% avg 5y
Operating margin 7.7% TTM
Growth
Revenue (TTM) €59.2B TTM
Revenue growth (YoY) −3.0% 3y avg −11.9%
EPS growth (YoY) +16.6%
Balance sheet & cash flow
Free cash flow €1.3B FY2025
Net debt €21.8B FY2025 · ≈ 16.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 51 · Market factors (momentum, volatility) 72

Profitability 33
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates.

Full company description

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for the plastics and plastics processing industries. The Industrial Solutions segment develops and markets ingredients and additives for industrial applications, such as polymer dispersions, resins, additives, chemical and refining catalysts, electronic materials, and antioxidants for automotive, petrochemical and petroleum processing, plastics and electronics, construction, electronics, paper coatings, and energy and resources industries. The Surface Technologies segment provides catalysts, battery materials, automotive OEM and refinish coatings, surface treatment, and precious and base metal services for the automotive and chemical industries. The Nutrition & Care segment offers ingredients for consumer applications in the areas of nutrition, home, and personal care applications; and serves the food and feed producers, pharmaceutical, cosmetics, detergents, and cleaner industries, as well as the consumer goods sector. The Agricultural Solutions segment provides seeds and traits, and seed treatment products; fungicides, herbicides, insecticides, and biological crop protection products; and digital solutions. The company engages in engineering and other; rental and leasing; and renewable energy trading, commodity trading activities. BASF SE was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BASF SE reported revenue of €59.7B in FY2025 versus €78.6B in FY2021, a compound −6.7%/yr. Reported net income was €1.6B in FY2025, compounding −26.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€59.7B
Latest YoY
−2.9%
Avg. revenue growth/yr (3Y) 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.
−11.9%
Avg. revenue growth/yr (5Y) 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.
+0.2%
Avg. revenue growth/yr (26Y) 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.
+2.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
−4.1% (−8.3 + 4.2)
Revenue −6.7%/yr
FY21 €78.6B
FY22 €87.3B
FY23 €68.9B
FY24 €61.4B
FY25 €59.7B
Net income −26.4%/yr
FY21 €5.5B
FY22 −€627M
FY23 €225M
FY24 €1.3B
FY25 €1.6B
Character of growth · EPS growth decomposed (2014-2025) −14.5 % p.a.
Revenue per share −0.4 %

of which total revenue −0.7 % · buybacks/dilution +0.3 %

EBIT margin −6.8 %
Tax rate −3.5 %
Residual (interest, one-offs) −4.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

BAS screens 32% overvalued. Compare with Saudi Basic Industries Corporation →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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). "BASF SE Fair Value". https://www.fairvalue-calculator.com/stock/BAS

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Chemicals · 339 stocks

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.

Quality Score 53 · Above median
Fair Value upside −25% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 8% · Below median
Revenue growth −3% · Below median
Dividend yield (TTM) 4.2% · Top 25%
Debt / equity 0.56× · Higher than 75% of peers

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 29.9× · Pricier than median
P/B 1.50× · Cheaper than median
P/S (TTM) 0.84× · Cheaper than median
P/FCF 37.1× · Pricier than 75% of peers
EV/EBITDA 11.4× · Pricier than median
PEG 0.71× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE1 · sector 0
FUTURE0 · sector 22
PAST18 · sector 20
HEALTH72 · sector 94
DIVIDEND84 · sector 32

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
Saudi Basic Industries Corporation 2010 49.50 SAR 18.13 SAR −63%
A. Schulman, Inc SLMNP $849.00 $203.64 −76%
Ningxia Baofeng Energy Group 600989 ¥24.49 ¥20.17 −18%
Dow Inc DOW $30.51 $21.03 −31%
Zhejiang Juhua Co 600160 ¥41.32 ¥21.62 −48%
Rongsheng Petrochemical Co 002493 ¥13.76 ¥2.39 −83%
Zangge Mining Company 000408 ¥78.04 ¥20.99 −73%
Ganfeng Lithium Group 002460 ¥52.53 ¥16.17 −69%
PT Barito Pacific Tbk, BRPT 1,855 IDR 1,584 IDR −15%
Hengli Petrochemical Co 600346 ¥18.87 ¥17.09 −9%

Compare BASF SE with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is BASF SE (BAS) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of €40.28 versus a price of €53.36, about −25% upside (overvalued).
What is the fair value of BAS?
Our model-based fair value for BASF SE is €40.28 (as of Aug 29, 2026), built from audited fundamentals. The current price: €53.36.
What is the quality score of BAS?
BASF SE has a Quality Score of 53/100. 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 revenue of BASF SE (BAS)?
BASF SE reported trailing-twelve-month revenue of about €59.2B (latest available figure, as of Aug 29, 2026).
What is the net profit margin of BAS?
The net profit margin of BASF SE is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.
Does BASF SE pay a dividend?
BASF SE currently shows a dividend yield of about 4.22% relative to its recent price (as of Aug 29, 2026).
Free · no account needed

Watch BASF SE in the live analysis

One click puts BASF SE on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.