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Deutsche Post AG (DHL) Fair Value & Analysis

Industrials · DE · Market cap €63.7B · ISIN DE0005552004

What is Deutsche Post AG really worth?

DP Deutsche Post AG DHL · XETRA
Price€54.96
Fair Value€53.18
Upside−3.2%
Quality63/100

A solid business, currently priced close to our fair value of €53.18.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +4.4 %/yr)
!Thin margins · 4.3% net margin
!Mixed vs. peers (6/15)
!Moderate moat 55/100
!Weak on valuation: 29 out of 100

For context

·3.46% dividend yield
Evidence: High Range €39.88 – €66.47

Fair value as of: Sep 1, 2026

From 26 valuation models · updated 4 days ago

Share price −1.1% 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 close to our fair value, market and models broadly agree here, little valuation tension.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

€57.82 €24.98 Fair Value €53.18 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.

How to read this chart

60‑month range €24.98 – €57.82 · fair‑value band €39.88 – €66.47 · the €54.96 price screens above the €53.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 1, 2026.

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Analysis

Deutsche Post AG (DHL) currently trades at €54.96, while our model-based Fair Value estimate is €53.18, implying the stock looks roughly 3.3% fairly valued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of €143.20 per share, and 17 of the 26 models we run sit above the €54.96 price. Bear case: the Asset-Based group reads lowest at €13.31, and 9 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Deutsche Post AG generated revenue of €83.0B at a net margin of 4.3%. Revenue declined 1.9% year over year. It earns a return on equity of 15.6%. Net debt stands at €22.1B. Fundamentals as of Sep 1, 2026

Our scenario range runs from €39.88 (bear case) to €66.47 (bull case); at €54.96, the current price sits within 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 near its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −2% fair-value upside, at −3%, DHL screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.8053 per share, which is 1.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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
EPV best evidence €15.97 €19.47 €22.54 74
FCF DCF €79.28 €127.65 €281.69 72
Growth DCF €74.27 €152.40 €280.42 72
All 26 models by family
DCF Models
FCF DCF €79.28 €127.65 €281.69 72
Owner Earnings €73.00 €172.58 €381.63 67
5Y Revenue Exit €44.42 €75.51 €140.17 67
5Y EBITDA Exit €76.39 €140.17 €265.28 69
5Y P/E Exit €55.23 €122.12 €211.98 65
10Y Revenue Exit €53.95 €112.71 €146.39 64
10Y EBITDA Exit €78.76 €181.56 €360.78 62
10Y P/E Exit €63.32 €136.00 €252.48 58
Earnings-Based
Graham-Dodd €21.27 €148.34 €208.17 61
Lynch FV €76.64 €109.48 €142.32 59
PEG = 1.0 €76.64 €109.48 €142.32 55
EPV best evidence €15.97 €19.47 €22.54 74
Dividend Discount
Gordon GGM €17.42 €36.21 €57.45 64
DDM Multi-Stage €17.42 €30.53 €38.01 64
Multiples
P/E Multiple €49.27 €65.69 €82.11 63
P/S Multiple €39.88 €53.18 €66.47 58
P/B Multiple €39.88 €53.18 €66.47 55
EV/EBIT €40.64 €55.87 €71.11 66
EV/EBITDA €72.22 €97.98 €123.74 67
EV/Revenue €27.55 €41.53 €55.51 53
Asset-Based
NCAV (Graham) €9.93 €13.31 €19.86 54
Growth DCF
Growth DCF €74.27 €152.40 €280.42 72
Rev-Margin DCF €49.26 €87.20 €166.97 67
Economic Profit
Residual Income €20.69 €26.21 €63.61 67
ROIC Compounder €15.97 €19.47 €27.37 69
Growth Earnings
Growth-Adj P/E €100.24 €143.20 €186.16 65

Widest divergence: Growth Earnings (€143.20) versus Asset-Based (€13.31). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 17.8
P/S ratio 0.75 P/E × margin
EPS (TTM) €3.09 price ÷ EPS = P/E 17.8
Dividend yield 3.5% payout 61.5%
Net margin 4.2% FY2025
Return on equity 15.6% TTM
More key figures
Profitability
Return on assets (EBIT) 7.5% avg 5y
Operating margin 7.2% TTM
Growth
Revenue (TTM) €83.0B TTM
Revenue growth (YoY) −1.9% 3y avg −4.3%
EPS growth (YoY) +7.2%
Balance sheet & cash flow
Free cash flow €5.6B FY2025
Net debt €22.1B FY2025 · ≈ 3.9 yrs of FCF

Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 60 · Market factors (momentum, volatility) 73

Profitability 47
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 100
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

Deutsche Post AG operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa. The company operates through five segments: Express; Global Forwarding, Freight; Supply Chain; eCommerce; and Post & Parcel Germany.

Full company description

Deutsche Post AG operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa. The company operates through five segments: Express; Global Forwarding, Freight; Supply Chain; eCommerce; and Post & Parcel Germany. The Express segment offers time-definite courier and express services to business and private customers. The Global Forwarding, Freight segment provides air, ocean, and overland freight forwarding services; and offers multimodal and sector-specific solutions. The Supply Chain segment delivers customized logistics services and supply chain solutions to its customers based on modular components, including warehousing and transport and value-added services. The eCommerce segment provides parcel delivery and cross-border services. The Post & Parcel Germany segment transports, sorts, and delivers documents and goods; and additional services, such as registered mail, insured items, redirection, and storage, as well as export services. Deutsche Post AG was incorporated in 1995 and is headquartered in Bonn, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Deutsche Post AG reported revenue of €82.9B in FY2025 versus €81.7B in FY2021, a compound +0.3%/yr. Reported net income was €3.5B in FY2025, compounding −8.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€82.9B
Latest YoY
−1.6%
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.
−4.3%
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.
+4.4%
Avg. revenue growth/yr (28Y) 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.
+36.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+8.8% (5.3 + 3.5)
Revenue +0.3%/yr
FY21 €81.7B
FY22 €94.4B
FY23 €81.8B
FY24 €84.2B
FY25 €82.9B
Net income −8.8%/yr
FY21 €5.1B
FY22 €5.4B
FY23 €3.7B
FY24 €3.3B
FY25 €3.5B
Character of growth · EPS growth decomposed (2014-2025) +6.7 % p.a.
Revenue per share +4.8 %

of which total revenue +4.1 % · buybacks/dilution +0.7 %

EBIT margin +1.9 %
Tax rate −2.2 %
Residual (interest, one-offs) +2.2 %

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).

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Cite: Fair Value Calculator (2026). "Deutsche Post AG Fair Value". https://www.fairvalue-calculator.com/stock/DHL

Recent news

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

Peer Group

Integrated Freight & Logistics · 206 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 63 · Top 25%
Fair Value upside −3% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth −2% · Below median
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.41× · Higher than median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 17.8× · Pricier than median
P/B 3.33× · Pricier than 75% of peers
P/S (TTM) 0.89× · Pricier than median
P/FCF 13.2× · Pricier than 75% of peers
EV/EBITDA 10.2× · Pricier than median
PEG 2.82× · Pricier than 75% of peers

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
VALUE29 · sector 44
FUTURE0 · sector 8
PAST62 · sector 26
HEALTH80 · sector 94
DIVIDEND69 · sector 55

Insider activity: 45/100

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).

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J.B. Hunt Transport Services, Inc JBHT $256.48 $133.80 −48%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
C.H. Robinson Worldwide, Inc CHRW $150.39 $86.56 −42%
Expeditors International of Washington, Inc EXPD $190.97 $115.95 −39%
ZTO Express (Cayman) Inc ZTO $21.50 $28.62 +33%
Hyundai Glovis Co 086280 196,700 KRW 468,982 KRW +138%

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Frequently asked questions

Is Deutsche Post AG (DHL) overvalued or undervalued?
As of Sep 1, 2026, our model estimates a fair value of €53.18 versus a price of €54.96, about −3% upside (fairly valued).
What is the fair value of DHL?
Our model-based fair value for Deutsche Post AG is €53.18 (as of Sep 1, 2026), built from audited fundamentals. The current price: €54.96.
What is the quality score of DHL?
Deutsche Post AG has a Quality Score of 63/100. 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 Deutsche Post AG (DHL)?
Deutsche Post AG reported trailing-twelve-month revenue of about €83.0B (latest available figure, as of Sep 1, 2026).
What is the net profit margin of DHL?
The net profit margin of Deutsche Post AG is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does Deutsche Post AG pay a dividend?
Deutsche Post AG currently shows a dividend yield of about 3.46% relative to its recent price (as of Sep 1, 2026).
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