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Dr. Ing. h.c. F. Porsche AG (P911) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €42.3B

DI Dr. Ing. h.c. F. Porsche AG P911 · XETRA
Price€44.42
Fair Value€34.68
Upside-21.9%
Quality46/100
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Mixed Growth
Thin margins · 0.9% net margin
Low debt · generates free cash flow
2.19% dividend yield
Trails peers (3/15)
Narrow moat 31/100
Evidence: High Range €34.68 – €34.68 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from €17.34 to €34.68 (+100.0%) since Jul 12, 2026.

Below-average quality, and screening another 22% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€34.68). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

€107.39 €35.52 Fair Value €34.68 Sep 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

46‑month range €35.52 – €107.39 · the €44.42 price screens above the €34.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Dr. Ing. h.c. F. Porsche AG (P911) currently trades at €44.42, while our model-based Fair Value estimate is €34.68, implying the stock looks roughly 21.9% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Dr. Ing. h.c. F. Porsche AG generated revenue of €35.8B at a net margin of 0.9%. Revenue declined 5.2% year over year. It earns a return on equity of 0.8%. Net debt stands at €6.4B. Fundamentals as of Aug 13, 2026

The share trades about 10% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 32% fair-value upside, at -22%, P911 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF €62.27 €124.12 €225.47 80
Residual Income €17.83 €17.16 €13.55 76
Rev-Margin DCF €33.49 €54.02 €97.47 74
All 26 models by family
DCF Models
FCF DCF €66.24 €104.53 €226.47 38
Owner Earnings €46.79 €107.15 €233.86 31
5Y Revenue Exit €30.63 €47.06 €80.91 39
5Y EBITDA Exit €70.31 €127.30 €239.14 41
5Y P/E Exit €23.64 €39.61 €58.99 38
10Y Revenue Exit €40.79 €75.46 €92.88 36
10Y EBITDA Exit €70.47 €160.90 €319.64 37
10Y P/E Exit €36.41 €60.41 €94.33 35
Earnings-Based
Graham-Dodd €3.22 €22.44 €31.49 54
Lynch FV €11.59 €16.56 €21.53 50
PEG = 1.0 €11.59 €16.56 €21.53 46
EPV €14.47 €16.97 €19.16 59
Dividend Discount
Gordon GGM €21.18 €44.03 €69.85 70
DDM Multi-Stage €21.18 €37.13 €46.21 61
Multiples
P/E Multiple €7.81 €10.41 €13.01 63
P/S Multiple €6.03 €8.04 €10.05 58
P/B Multiple €6.03 €8.04 €10.05 55
EV/EBIT €23.09 €30.97 €38.84 53
EV/EBITDA €69.07 €92.27 €115.47 54
EV/Revenue €15.39 €22.22 €29.04 43
Asset-Based
NCAV (Graham) €12.62 €16.91 €25.24 50
Growth DCF
Growth DCF €62.27 €124.12 €225.47 80
Rev-Margin DCF €33.49 €54.02 €97.47 74
Economic Profit
Residual Income €17.83 €17.16 €13.55 76
ROIC Compounder €14.47 €16.97 €19.16 72
Growth Earnings
Growth-Adj P/E €15.39 €21.98 €28.57 68

Widest divergence: DCF Models (€75.46) versus Multiples (€10.41). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €35.8B
Revenue growth (YoY) -5.2%
Net margin 0.9%
Return on equity 0.8%
Free cash flow €3.6B FY2025
P/E ratio 136.6 as of Jul 12, 2026
More key figures
Operating margin 7.1%
EPS (TTM) €0.3400
Dividend yield 2.2%
EPS growth (YoY) -63.0%
Net debt €6.4B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 48 · Market factors (momentum, volatility) 53

Profitability 26
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dr. Ing. h.c. F. 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.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€36.3B
Latest YoY
−9.5%
Avg. 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.
−1.2%
Avg. 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.
+4.8%
Avg. growth/yr (19Y) 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.
+8.9%
Revenue +2.3%/yr
FY21 €33.1B
FY22 €37.6B
FY23 €40.5B
FY24 €40.1B
FY25 €36.3B
Net income −42.8%/yr
FY21 €4.0B
FY22 €5.0B
FY23 €5.2B
FY24 €3.6B
FY25 €431M

P911 screens 22% overvalued. Compare with Toyota Motor Corporation →

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Cite: Fair Value Calculator (2026). "Dr. Ing. h.c. F. Porsche AG Fair Value". https://www.fairvalue-calculator.com/stock/P911

Earlier news

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

Peer Group

Auto Manufacturers · 119 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 46 · Above median
Fair Value upside −21% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 2.2% · Below median
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Auto Manufacturers median · lower = cheaper

P/E (TTM) 136.6× · Pricier than 75% of peers
P/B 2.13× · Pricier than median
P/S (TTM) 1.37× · Pricier than median
P/FCF 13.5× · Pricier than 75% of peers
EV/EBITDA 20.3× · Pricier than 75% of peers
PEG 0.47× · Cheaper than 75% of peers

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 5 · sector 31
FUTURE 0 · sector 33
PAST 3 · sector 20
HEALTH 88 · sector 94
DIVIDEND 44 · sector 46

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $188.22 $247.83 +32%
BYD Company 81211 HK$76.90 HK$48.59 -37%
Hyundai Motor Company 005380 418,500 KRW 567,393 KRW +36%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,610 MXN +37%
Volkswagen AG VOW 2,149 CZK 7,783 CZK +262%
Maruti Suzuki India Limited MARUTI ₹13,875 ₹8,236 -41%
Kia Corporation 000270 135,600 KRW 341,751 KRW +152%
Weichai Power Co 2338 HK$36.40 HK$28.46 -22%
Geely Automobile Holdings 80175 HK$15.50 HK$19.14 +23%
Bajaj Auto Limited BAJAJAUTO ₹11,700 ₹4,574 -61%

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Frequently asked questions

Is Dr. Ing. h.c. F. Porsche AG (P911) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €34.68 versus a price of €44.42, about −22% (overvalued).
What is the fair value of P911?
Our model-based fair value for Dr. Ing. h.c. F. Porsche AG is €34.68 (as of Aug 13, 2026), built from audited fundamentals. The current price is €44.42.
What is the quality score of P911?
Dr. Ing. h.c. F. Porsche AG has a Quality Score of 46/100. 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 Dr. Ing. h.c. F. Porsche AG (P911)?
Dr. Ing. h.c. F. Porsche AG reported trailing-twelve-month revenue of about €35.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of P911?
The net profit margin of Dr. Ing. h.c. F. Porsche AG is about 0.9%, meaning it keeps roughly 0.9% of revenue as net income. Based on the latest reported figures.
Does Dr. Ing. h.c. F. Porsche AG pay a dividend?
Dr. Ing. h.c. F. Porsche AG currently shows a dividend yield of about 2.19% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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