OHB SE (OHB) Fair Value & Analysis
Industrials · DE · Market cap €5.2B · ISIN DE0005936124
What is OHB SE really worth?
Below-average quality, and trading another 288% above our fair value of €47.46.
Strengths
Risks
For context
Fair value as of: Aug 29, 2026
From 25 valuation models · updated 6 days ago
Share price −25.9% 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 (€66.78). The favourable scenario is already priced in.
- Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (€28.91 to €66.78) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 €26.61 – €613.11 · fair‑value band €28.91 – €66.78 · the €184.20 price screens above the €47.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 29, 2026.
Analysis
OHB SE (OHB) currently trades at €184.20, while our model-based Fair Value estimate is €47.46, implying the stock looks roughly 288.0% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of €52.51 per share, and 0 of the 25 models we run sit above the €184.20 price. Bear case: the Dividend Discount group reads lowest at €8.93, and 25 of the 25 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, OHB SE generated revenue of €1.3B at a net margin of 4.4%. Revenue grew 16.8% year over year. It earns a return on equity of 12.8%. Net debt stands at €99.2M. Fundamentals as of Aug 29, 2026
Our scenario range runs from €28.91 (bear case) to €66.78 (bull case); at €184.20, 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 73% below its 52-week high and 190% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −74%, OHB screens richer 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.
All 25 models by family
Widest divergence: Multiples (€52.51) versus Dividend Discount (€8.93). Highest evidence: FCF DCF (82).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 41
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
OHB SE operates as a space and technology company in Germany, rest of Europe, and internationally. The company operates through Space Systems, Access to Space, and Digital segments. The Space Systems segment focuses on developing and executing space projects.
Full company description
OHB SE operates as a space and technology company in Germany, rest of Europe, and internationally. The company operates through Space Systems, Access to Space, and Digital segments. The Space Systems segment focuses on developing and executing space projects. This segment primarily develops and manufactures near-earth orbit and geostationary satellites for navigation, science, communication, earth and weather observation and reconnaissance, including scientific payloads; explores, studies areas of security and reconnaissance with a focus on the moon, asteroids, and Mars. The Access to Space segment is involved in assembling and developing aviation and space products; and other industrial activities. The Digital segment provides mechatronic systems for antennas, and telescopes; and engages in the operation of purchasing rocket launches and the provision of IT services. OHB SE was incorporated in 1993 and is headquartered in Bremen, Germany.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
OHB SE reported revenue of €1.2B in FY2025 versus €905M in FY2021, a compound +7.7%/yr. Reported net income was €49.5M in FY2025, compounding +15.8%/yr from FY2021.
of which total revenue +5.2 % · buybacks/dilution −0.6 %
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).
OHB screens 288% overvalued. Compare with General Electric Company →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- OHB Digital Connect Completes Upgrade of Military Ground Stations
- OHB (XTRA:OHB) Valuation Check After Strong Multi‑Month Share Price Surge
- OHB SE (FRA:OHB) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic Expansions ...
Peer Group
Aerospace & Defense · 229 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.
Valuation Multiples vs Aerospace & Defense median · lower = cheaper
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.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| General Electric Company GE | $335.71 | $116.71 | −65% |
| RTX Corporation RTX | $212.08 | $88.37 | −58% |
| Airbus SE AIR | €213.00 | €117.01 | −45% |
| Lockheed Martin Corporation LMT | $565.89 | $419.01 | −26% |
| Howmet Aerospace Inc HWM | $264.85 | $50.43 | −81% |
| General Dynamics Corporation GD | $379.32 | $274.32 | −28% |
| Northrop Grumman Corporation NOC | $545.57 | $356.59 | −35% |
| TransDigm Group TDG | $1,235 | $571.03 | −54% |
| L3Harris Technologies, Inc LHX | $262.82 | $146.55 | −44% |
| Thales S.A HO | €243.70 | €171.13 | −30% |
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