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Porsche AG (P911) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €42.3B · ISIN DE000PAG9113

What is Porsche AG really worth?

PA Porsche AG P911 · XETRA
Price€44.22
Fair Value€34.68
Upside−21.6%
Quality46/100

Below-average quality, and trading another 28% above our fair value of €34.68.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +4.8 %/yr)
!Thin margins · 0.9% net margin
!Trails peers (3/15)
!Narrow moat 31/100
!Weak on valuation: 5 out of 100
!Weak on past: 3 out of 100

For context

·2.28% dividend yield
Evidence: High Range €34.68 – €34.68

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from €17.34 to €34.68 (+100.0%) since Jul 12, 2026. Share price +1.7% 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 (€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.

Price vs Fair Value (4 years)

€107.39 €35.52 Fair Value €34.68 Sep 2022 Sep 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

47‑month range €35.52 – €107.39 · the €44.22 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.

Full chart & analysis →

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Analysis

Porsche AG (P911) currently trades at €44.22, while our model-based Fair Value estimate is €34.68, implying the stock looks roughly 27.5% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of €75.46 per share, and 10 of the 26 models we run sit above the €44.22 price. Bear case: the Multiples group reads lowest at €10.41, and 16 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, 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 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 21% 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, 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
Residual Income €17.83 €17.16 €13.55 73
EPV €14.47 €16.97 €19.16 72
FCF DCF €66.24 €104.53 €226.47 71
All 26 models by family
DCF Models
FCF DCF €66.24 €104.53 €226.47 71
Owner Earnings €46.79 €107.15 €233.86 67
5Y Revenue Exit €30.63 €47.06 €80.91 67
5Y EBITDA Exit €70.31 €127.30 €239.14 68
5Y P/E Exit €23.64 €39.61 €58.99 67
10Y Revenue Exit €40.79 €75.46 €92.88 64
10Y EBITDA Exit €70.47 €160.90 €319.64 61
10Y P/E Exit €36.41 €60.41 €94.33 60
Earnings-Based
Graham-Dodd €3.22 €22.44 €31.49 58
Lynch FV €11.59 €16.56 €21.53 57
PEG = 1.0 €11.59 €16.56 €21.53 53
EPV €14.47 €16.97 €19.16 72
Dividend Discount
Gordon GGM €21.18 €44.03 €69.85 62
DDM Multi-Stage €21.18 €37.13 €46.21 62
Multiples
P/E Multiple €7.81 €10.41 €13.01 61
P/S Multiple €6.03 €8.04 €10.05 56
P/B Multiple €6.03 €8.04 €10.05 53
EV/EBIT €23.09 €30.97 €38.84 65
EV/EBITDA €69.07 €92.27 €115.47 66
EV/Revenue €15.39 €22.22 €29.04 52
Asset-Based
NCAV (Graham) €12.62 €16.91 €25.24 52
Growth DCF
Growth DCF €62.27 €124.12 €225.47 71
Rev-Margin DCF €33.49 €54.02 €97.47 67
Economic Profit
Residual Income €17.83 €17.16 €13.55 73
ROIC Compounder €14.47 €16.97 €19.16 69
Growth Earnings
Growth-Adj P/E €15.39 €21.98 €28.57 64

Widest divergence: DCF Models (€75.46) versus Multiples (€10.41). Highest evidence: Residual Income (73).

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Key figures & financial health

P/E ratio 136.6 as of Jul 12, 2026
P/S ratio 1.62 P/E × margin
EPS (TTM) €0.3400 price ÷ EPS = P/E 136.6
Dividend yield 2.3%
Net margin 1.2% FY2025
Return on equity 0.8% TTM
More key figures
Profitability
Return on assets (EBIT) 10.2% avg 5y
Operating margin 7.1% TTM
Growth
Revenue (TTM) €35.8B TTM
Revenue growth (YoY) −5.2% 3y avg −1.2%
EPS growth (YoY) −63.0%
Balance sheet & cash flow
Free cash flow €3.6B FY2025
Net debt €6.4B FY2025 · ≈ 1.8 yrs of FCF

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) 55

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 48
Price trend over the last 3–12 months (market factor)
52W Momentum 50
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.

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

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

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. 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.
−1.2%
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.
+4.8%
Avg. revenue 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−30.6% (−32.9 + 2.3)
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 28% overvalued. Compare with Toyota Motor Corporation →

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

Recent news

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

Peer Group

Auto Manufacturers · 115 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 −22% · 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% · Below median
Dividend yield (TTM) 2.3% · 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 2.14× · Pricier than median
P/S (TTM) 1.37× · Pricier than median
P/FCF 13.6× · Pricier than 75% of peers
EV/EBITDA 20.4× · Pricier than 75% of peers
PEG 0.47× · Cheaper 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
VALUE5 · sector 23
FUTURE0 · sector 27
PAST3 · sector 22
HEALTH88 · sector 94
DIVIDEND46 · sector 51

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 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 $188.78 $228.25 +21%
BYD Company 81211 HK$76.90 HK$48.59 −37%
Hyundai Motor Company 005380 418,500 KRW 567,393 KRW +36%
Ferrari N.V RACE €355.50 €167.67 −53%
General Motors Company GM $86.27 $52.69 −39%
Ford Motor Company F $13.88 $11.51 −17%
Mercedes-Benz Group MBG €46.95 €106.16 +126%
Maruti Suzuki India Limited MARUTI ₹12,694 ₹8,236 −35%
Volkswagen AG VOW3 €77.42 €248.34 +221%
Bayerische Motoren Werke Aktiengesellschaft BMW €62.64 €140.42 +124%

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Frequently asked questions

Is Porsche AG (P911) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €34.68 versus a price of €44.22, about −22% upside (overvalued).
What is the fair value of P911?
Our model-based fair value for Porsche AG is €34.68 (as of Aug 13, 2026), built from audited fundamentals. The current price: €44.22.
What is the quality score of P911?
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 Porsche AG (P911)?
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 Porsche AG is about 0.9%, meaning it keeps roughly 0.9% of revenue as net income. Based on the latest reported figures.
Does Porsche AG pay a dividend?
Porsche AG currently shows a dividend yield of about 2.28% relative to its recent price (as of Aug 13, 2026).
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