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Geberit AG (GEBN) Fair Value & Analysis

Industrials · CH · Market cap CHF 17.2B · ISIN CH0030170408

What is Geberit AG really worth?

GA Geberit AG GEBN · SW
PriceCHF 563.40
Fair ValueCHF 307.66
Upside−45.4%
Quality78/100

A strong business, but trading 83% above our fair value of CHF 307.66.

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Strengths

Solidly profitable · 19.2% net margin
Moderate debt · generates free cash flow
Wide moat 85/100

Risks

!Weak Growth (revenue 5y +1.2 %/yr)
!Mixed vs. peers (6/15)
Evidence: High Range CHF 208.89 – CHF 414.20

Fair value as of: Aug 30, 2026

From 24 valuation models · updated 6 days ago

Share price −0.2% over the past month.

What runs behind every stock

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

What matters now

  • A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (CHF 414.20). The favourable scenario is already priced in.
  • A fairly wide model range (CHF 208.89 to CHF 414.20) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

CHF 685.69 CHF 371.71 Fair Value CHF 307.66 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range CHF 371.71 – CHF 685.69 · fair‑value band CHF 208.89 – CHF 414.20 · the CHF 563.40 price screens above the CHF 307.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

Geberit AG (GEBN) currently trades at CHF 563.40, while our model-based Fair Value estimate is CHF 307.66, implying the stock looks roughly 83.1% overvalued today. The Quality Score stands at 78/100 (high quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of CHF 297.73 per share, and 0 of the 24 models we run sit above the CHF 563.40 price. Bear case: the Asset-Based group reads lowest at CHF 30.83, and 24 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Geberit AG generated revenue of CHF 3.2B at a net margin of 19.2%. Revenue declined 0.6% year over year. It earns a return on equity of 42.4%. Net debt stands at CHF 769M. Fundamentals as of Aug 30, 2026

Our scenario range runs from CHF 208.89 (bear case) to CHF 414.20 (bull case); at CHF 563.40, 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 13% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −26% fair-value upside, at −45%, GEBN 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 CHF 12.24 per share, which is 4.0 % 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
FCF DCF CHF 198.66 CHF 285.00 CHF 408.31 80
Growth DCF CHF 205.89 CHF 287.84 CHF 400.26 79
Owner Earnings CHF 172.85 CHF 248.78 CHF 357.21 76
All 24 models by family
DCF Models
FCF DCF CHF 198.66 CHF 285.00 CHF 408.31 80
Owner Earnings CHF 172.85 CHF 248.78 CHF 357.21 76
5Y Revenue Exit CHF 134.68 CHF 193.46 CHF 264.79 73
5Y EBITDA Exit CHF 237.42 CHF 372.65 CHF 523.57 75
5Y P/E Exit CHF 220.41 CHF 342.98 CHF 464.57 71
10Y Revenue Exit CHF 153.67 CHF 209.80 CHF 274.95 68
10Y EBITDA Exit CHF 220.79 CHF 329.69 CHF 459.33 68
10Y P/E Exit CHF 210.24 CHF 309.84 CHF 417.30 64
Earnings-Based
Graham-Dodd CHF 123.28 CHF 253.49 CHF 319.88 66
EPV CHF 207.14 CHF 244.21 CHF 276.65 74
Dividend Discount
Gordon GGM CHF 117.37 CHF 173.07 CHF 231.50 69
DDM Multi-Stage CHF 117.37 CHF 166.57 CHF 223.10 67
Multiples
P/E Multiple CHF 285.54 CHF 380.72 CHF 475.90 63
P/S Multiple CHF 143.88 CHF 191.84 CHF 239.80 58
P/B Multiple CHF 155.28 CHF 207.04 CHF 258.80 55
EV/EBIT CHF 335.39 CHF 452.29 CHF 569.20 66
EV/EBITDA CHF 301.19 CHF 406.69 CHF 512.19 67
EV/Revenue CHF 105.54 CHF 157.34 CHF 209.14 53
Asset-Based
NCAV (Graham) CHF 23.00 CHF 30.83 CHF 46.01 54
Growth DCF
Growth DCF CHF 205.89 CHF 287.84 CHF 400.26 79
Rev-Margin DCF CHF 134.68 CHF 197.07 CHF 264.15 73
Economic Profit
Residual Income CHF 108.93 CHF 133.55 CHF 606.87 64
ROIC Compounder CHF 212.77 CHF 257.79 CHF 302.20 72
Growth Earnings
Growth-Adj P/E CHF 208.41 CHF 297.73 CHF 387.06 67

Widest divergence: Growth Earnings (CHF 297.73) versus Asset-Based (CHF 30.83). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 31.2
P/S ratio 5.90 P/E × margin
EPS (TTM) CHF 18.06 price ÷ EPS = P/E 31.2
Dividend yield 2.5% payout 77.7%
Net margin 18.9% FY2025
Return on equity 42.4% TTM
More key figures
Profitability
Return on assets (EBIT) 22.5% avg 5y
Operating margin 28.0% TTM
Growth
Revenue (TTM) CHF 3.2B TTM
Revenue growth (YoY) −0.6% 3y avg −2.3%
EPS growth (YoY) +4.2%
Balance sheet & cash flow
Free cash flow CHF 678M FY2025
Net debt CHF 769M FY2025 · ≈ 1.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 78/100

Of which business quality 74 · Market factors (momentum, volatility) 51

Profitability 78
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 89
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

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry.

Full company description

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry. It offers installation and flushing systems, such as installation technology and flushing systems for toilets, including cisterns and interior fittings; and piping systems comprising building drainage and supply systems, as well as piping technology for use in buildings for drinking water, heating, gas, and other media. The company also provides bathroom system products that include bathroom ceramics, furniture, showers, bathtubs, taps and controls, and shower toilets. It operates in Germany, Switzerland, Benelux, Italy, Austria, Central Europe, Western Europe, Northern Europe, Eastern Europe, the United States, the Middle East, Africa, Far East, and the Pacific. The company sells its products to wholesalers, plumbers, architects, and sanitary engineers under the Geberit brand name. Geberit AG was founded in 1874 and is headquartered in Rapperswil-Jona, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Geberit AG reported revenue of CHF 3.2B in FY2025 versus CHF 3.5B in FY2021, a compound −2.2%/yr. Reported net income was CHF 598M in FY2025, compounding −5.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
CHF 3.2B
Latest YoY
+2.5%
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.
−2.3%
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.
+1.2%
Avg. revenue growth/yr (23Y) 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.
+4.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+2.6% (0.1 + 2.5)
Revenue −2.2%/yr
FY21 CHF 3.5B
FY22 CHF 3.4B
FY23 CHF 3.1B
FY24 CHF 3.1B
FY25 CHF 3.2B
Net income −5.7%/yr
FY21 CHF 756M
FY22 CHF 706M
FY23 CHF 617M
FY24 CHF 597M
FY25 CHF 598M
Character of growth · EPS growth decomposed (2014-2025) +3.6 % p.a.
Revenue per share +3.8 %

of which total revenue +2.5 % · buybacks/dilution +1.3 %

EBIT margin +1.5 %
Tax rate −0.7 %
Residual (interest, one-offs) −0.9 %

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).

GEBN screens 83% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Geberit AG Fair Value". https://www.fairvalue-calculator.com/stock/GEBN

Recent news

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

Peer Group

Building Products & Equipment · 243 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 78 · Top 25%
Fair Value upside −45% · Below median
Return on equity (TTM) 42% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth −1% · Below median
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.72× · Higher than 75% of peers

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 31.2× · Pricier than median
P/B 13.96× · Pricier than 75% of peers
P/S (TTM) 6.71× · Pricier than 75% of peers
P/FCF 31.2× · Pricier than 75% of peers
EV/EBITDA 23.7× · Pricier than 75% of peers
PEG 3.20× · 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
VALUE0 · sector 0
FUTURE0 · sector 11
PAST100 · sector 25
HEALTH64 · sector 95
DIVIDEND50 · sector 41

VALUE 0: the price sits above our fair-value range.

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $454.31 $208.50 −54%
Johnson Controls International plc JCI $142.23 $44.75 −69%
Carrier Global Corporation CARR $57.25 $16.85 −71%
Compagnie de Saint-Gobain S.A SGO €81.20 €97.97 +21%
Lennox International Inc LII $377.25 $363.09 −4%
Kingspan Group KRX €87.30 €66.79 −23%
Masco Corporation MAS $74.64 $53.22 −29%
Carlisle Companies Incorporated CSL $356.53 $340.70 −4%
BELIMO Holding BEAN CHF 878.50 CHF 227.18 −74%
Advanced Drainage Systems, Inc WMS $144.10 $106.17 −26%

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Frequently asked questions

Is Geberit AG (GEBN) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of CHF 307.66 versus a price of CHF 563.40, about −45% upside (overvalued).
What is the fair value of GEBN?
Our model-based fair value for Geberit AG is CHF 307.66 (as of Aug 30, 2026), built from audited fundamentals. The current price: CHF 563.40.
What is the quality score of GEBN?
Geberit AG has a Quality Score of 78/100. 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 Geberit AG (GEBN)?
Geberit AG reported trailing-twelve-month revenue of about CHF 3.2B (latest available figure, as of Aug 30, 2026).
What is the net profit margin of GEBN?
The net profit margin of Geberit AG is about 19.2%, meaning it keeps roughly 19.2% of revenue as net income. Based on the latest reported figures.
Does Geberit AG pay a dividend?
Geberit AG currently shows a dividend yield of about 2.49% relative to its recent price (as of Aug 30, 2026).
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