Porsche AG (P911) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Porsche AG stock €44.18, price €42.96, upside +2.8%, quality 47 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
49‑month range €35.52 – €107.39 · fair‑value band €36.22 – €57.44 · the €42.96 price screens below the €44.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
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Dr. Ing. h.c. F. Porsche AG engages in automotive and financial services business in Germany, Europe, North America, China, and internationally. The company procures, develops, manufactures, and sells vehicles, as well as related services.
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It also offers leasing, dealer and customer financing, mobility services for Porsche brand vehicles, and other finance-related services. The company was formerly known as Porsche Fünfte Vermögensverwaltung AG and changed its name to Dr. Ing. h.c. F. Porsche AG in November 2009.
The company was founded in 2009 and is headquartered in Stuttgart, Germany. Dr. Ing. h.c. F. Porsche AG is a subsidiary of Porsche Holding Stuttgart GmbH.
Stock analysis
Porsche AG (P911) currently trades at €42.96, while our model-based Fair Value estimate is €44.18, so the stock looks roughly fairly valued today (gap 2.8%).
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Valuation
Bull case: the DCF Models group reads highest at a median of €51.74 per share, and 9 of the 26 models we run sit above the €42.96 price.
Bear case: the Asset-Based group reads lowest at €10.90, and 17 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: €36.22 (bear) to €57.44 (bull), the price of €42.96 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Porsche AG reported revenue of €36.3B in FY2025 versus €33.1B in FY2021, a compound +2.3%/yr. Reported net income was €431M in FY2025, compounding −42.8%/yr from FY2021.
Key figures
Market cap €38.9B Large · P/E ratio 46.7 · P/S ratio 1.41 · EPS (TTM) €0.9200 · Dividend yield 2.4% · Net margin 2.4% · Return on equity 2.9% · Return on assets (EBIT) 10.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 9% fair-value upside, at 3%, P911 screens richer than that median.
Fair Value models
Bear€36.22Fair Value €44.18Bull€57.44
Price €42.96 · Upside +2.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
Start year 2020 (pandemic)
Revenue growth 19 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−30.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.9%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−32.9% vs −23.8%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−2.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −5.4% a year for the price and −4.1% for the forecasts.
AI conclusion: Porsche's focus on premium segments with targeted price increases supports brand value and potential margin gains, yet persistently low ROE and net margins indicate limited pricing power overall.
Main risk: Narrower product appeal from pruning the model range and prioritizing exclusivity could limit the ability to recover volume growth, directly hitting sales volumes.
Porsche is pruning its model range and pushing harder into premium segments with targeted price increases on top vehicles. Sales volumes have fallen as the company prioritizes brand value over scale in a weak China market. Will the resulting margin gains from greater exclusivity and a lower break-even point outweigh the narrower product appeal, or will they limit the business's ability to recover volume growth?
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Auto Manufacturers · 104 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Above median
Fair Value upside+2.8% · Below median
Profitability
Return on equity (12 months)2.9% · Below median
Return on assets1.1% · Below median
Net margin (12 months)3.1% · Above median
Operating margin (12 months)8.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−5.1% · Bottom 25%
Dividend yield (12 months)2.4% · Below median
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Auto Manufacturers median · lower = cheaper
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). "Porsche AG Fair Value". https://www.fairvalue-calculator.com/stock/P911
Frequently asked questions
Is Porsche AG (P911) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of €44.18 versus a price of €42.96, about +3% upside (fairly valued).
What is the fair value of P911?
Our model-based fair value for Porsche AG is €44.18 (as of Oct 22, 2026), built from audited fundamentals. The current price: €42.96.
What is the quality score of P911?
Porsche AG has a Quality Score of 47/100. 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 price target for Porsche AG (P911)?
Our model-based price target is the fair value of €44.18 (as of Oct 22, 2026) from 26 valuation models. Cautious scenario €36.22, optimistic scenario €57.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Porsche AG stock forecast for 2026?
Our models put fair value at €44.18, about +3% upside versus a price of €42.96 (fairly valued). Cautious scenario €36.22, optimistic scenario €57.44. The calculation is refreshed regularly with new filings.
What is the revenue of Porsche AG (P911)?
Porsche AG reported trailing-twelve-month revenue of about €35.3B (latest available figure, as of Oct 22, 2026).
Does Porsche AG pay a dividend?
Porsche AG currently shows a dividend yield of 2.35% relative to its recent price (as of Oct 22, 2026).
What growth is priced into Porsche AG (P911)?
For today's price to be fair in a discounted-cash-flow model, Porsche AG would have to grow free cash flow by -3.3 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Oct 22, 2026.
What discount rate (WACC) does the fair value of P911 use?
Our models discount Porsche AG at 8.7 %: a base by market capitalisation (large), damped by beta 0.85, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Porsche AG that is -3.3 % per year a year over ten years, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has Porsche AG (P911) delivered so far?
Over the past 5 years revenue at Porsche AG grew +4.8 % a year. The price currently implies -3.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Porsche AG (P911) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into Porsche AG (-3.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Porsche AG (P911)?
The free-cash-flow yield on the price is 9.28 %: that much free cash flow Porsche AG produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Porsche AG (P911)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Porsche AG it is €44.18 per share (as of Oct 22, 2026), against a price of €42.96. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Porsche AG stock overvalued or undervalued in 2026?
As of Oct 22, 2026, P911 trades below its calculated fair value: price €42.96, fair value €44.18, a gap of about +3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of P911?
No. The price is what the market pays today (€42.96); the fair value is what the company's own numbers justify (€44.18). For Porsche AG the two are €1.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is Porsche AG worth?
The market values Porsche AG at about €38.9B (market capitalisation, as of Oct 22, 2026). Per share that is €42.96; our models calculate a fair value of €44.18 per share.
What do the bullish and bearish scenarios say about P911?
Our models span a range for Porsche AG: cautious scenario €36.22, base €44.18, optimistic €57.44 per share (as of Oct 22, 2026, price €42.96). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of P911?
Porsche AG trades at a price-to-earnings ratio of 46.7 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €44.18 is built from several models across several years. Other multiples: PEG 0.5, P/B 1.7, P/S 1.4, EV/EBITDA 13.9.
What is the PEG ratio of P911?
The PEG ratio of Porsche AG is 0.48 (P/E divided by earnings growth, as of Oct 22, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Porsche AG (P911)?
Balance-sheet figures for Porsche AG (as of Oct 22, 2026): return on equity 2.9%, debt of 0.24 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is P911 from its 52-week high?
Porsche AG trades at €42.96, about 12% below its 52-week high of €48.73 and 21% above the low of €35.52 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of €44.18 is for.
Which stocks are comparable to Porsche AG?
From the same area (Consumer Cyclical) we also value Tesla, Inc, Toyota Motor Corporation, BYD Company, Ferrari N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Porsche AG stock attractive at the current price?
The data as of Oct 22, 2026: price €42.96, calculated fair value €44.18 (+3%), Quality Score 47/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of P911 calculated?
We run Porsche AG through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €44.18, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.6 % above its aggregate fair value. Porsche AG currently trades 3 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Porsche AG (P911)?
The closing price on Oct 22, 2026 was €42.96. Our model-based fair value is €44.18, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Porsche AG right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Porsche AG
How large is the market capitalisation of Porsche AG (P911)?
The market capitalisation of Porsche AG is €38.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Porsche AG (P911)?
The price-to-sales ratio of Porsche AG is 1.41 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Porsche AG (P911)?
Earnings per share at Porsche AG are €0.9200 (price ÷ EPS = P/E 46.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Porsche AG (P911)?
The dividend yield of Porsche AG is 2.4% (payout 110%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Porsche AG (P911)?
The net margin of Porsche AG is 2.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Porsche AG (P911)?
The return on equity (ROE) of Porsche AG is 2.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Porsche AG (P911)?
On an EBIT basis the return on assets of Porsche AG is 10.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Porsche AG (P911)?
The operating margin of Porsche AG is 8.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Porsche AG (P911)?
Revenue at Porsche AG is growing −5.1% versus a year earlier (3y avg −1.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Porsche AG (P911)?
Earnings per share at Porsche AG are growing +256% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Porsche AG (P911) carry?
The net debt of Porsche AG is €6.4B (fiscal year 2025, ≈ 1.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 22, 2026