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SBO AG (SBOEF) fair value: what the stock is really worth

As of Sep 10, 2026: fair value (intrinsic value) of SBO AG stock $26.16, price $35.25, that is 25.8% below the price, quality 52 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Energy US · Home Austria · ISIN AT0000946652

This is a secondary listing. View primary listing Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (SBO.VI) →

Broad data Oct 9, 2026

SBO AG

SBOEF · US

Overvalued / Monitor

Our calculation puts a fair price 26% below what the stock costs today.

Generates free cash flow

Broad data

Quality 52/100

Thin margins · 1.3% net margin (TTM)

Moderate debt

2.1% dividend yield · Payout strained

Fair value $26.16 · Overvalued

Weak Growth (revenue 3y −3.2 %/yr in EUR)

Narrow moat 35/100

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

White line = price, green steps = our fair value per fiscal year. As of Oct 9, 2026.

How to read this chart

60‑month range $19.43 – $84.63 · fair‑value band $19.26 – $34.22 · the $35.25 price screens above the $26.16 fair value. As of Oct 9, 2026.

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Company profile

SBO AG manufactures and sells steel products worldwide. The company operates in two segments, Precision Technology and Energy Equipment.

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It offers high-strength non-magnetic steels and precision components; advanced additive manufacturing; service and repair; energy equipment, such as high-performance drilling motors; rotary steerable tools; circulation tools; and well-completion solutions.

SBO AG was formerly known as Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft and changed its name to SBO AG in July 2025. The company was founded in 1862 and is headquartered in Ternitz, Austria.

Stock analysis

SBO AG (SBOEF) currently trades at $35.25, while our model-based Fair Value estimate is $26.16, 26% below the price, so the stock looks overvalued today.

Valuation

Bull case: the Growth DCF group reads highest at a median of $40.23 per share, and 10 of the 26 models we run sit above the $35.25 price.

Bear case: the Asset-Based group reads lowest at $6.61, and 16 of the 26 models stay below the price. Data coverage for this calculation is high.

Scenario range: $19.26 (bear) to $34.22 (bull), the price of $35.25 sits above 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 52/100 (solid quality), in the Energy sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

SBO AG reported revenue of €455M in FY2025 versus €293M in FY2021, a compound +11.7%/yr. Reported net income was €23.6M in FY2025, compounding +3.0%/yr from FY2021.

Key figures

Market cap $556M · P/E ratio 92.8 · P/S ratio 1.37 · EPS (TTM) $0.3800 · Dividend yield 2.1% · Net margin 1.3% · Return on equity 1.3% · Return on assets (EBIT) 7.5% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (medium confidence).

What moves the price

The share trades at its 52-week high and 18% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −26%, SBOEF screens cheaper than that median.

Fair Value models

Bear $19.26 Fair Value $26.16 Bull $34.22

Price $35.25 · Downside -25.8%

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.

Best data coverage

FCF DCF $27.12 $40.93 $60.63 77

Growth DCF $27.26 $39.10 $54.83 76

Owner Earnings $28.64 $43.26 $64.09 74

All 26 models by family

DCF Models

FCF DCF $27.12 $40.93 $60.63 77

Owner Earnings $28.64 $43.26 $64.09 74

5Y Revenue Exit $26.08 $41.37 $61.00 70

5Y EBITDA Exit $24.10 $37.59 $53.35 73

5Y P/E Exit $21.36 $32.37 $43.94 69

10Y Revenue Exit $25.47 $39.11 $57.71 64

10Y EBITDA Exit $24.99 $36.61 $52.10 66

10Y P/E Exit $23.33 $33.15 $45.22 62

Earnings-Based

Graham-Dodd $12.47 $42.61 $57.17 62

Lynch FV $9.80 $13.99 $18.20 59

PEG = 1.0 $9.80 $13.99 $18.20 55

EPV $18.86 $21.49 $23.74 74

Dividend Discount

Gordon GGM $17.64 $33.20 $47.51 65

DDM Multi-Stage $17.64 $29.18 $35.29 65

Multiples

P/E Multiple $19.26 $25.67 $32.10 63

P/S Multiple $23.38 $31.18 $38.98 58

P/B Multiple $28.68 $38.23 $47.79 55

EV/EBIT $15.26 $22.38 $29.49 65

EV/EBITDA $18.10 $26.16 $34.22 67

EV/Revenue $19.81 $30.91 $42.02 53

Asset-Based

NCAV (Graham) $4.35 $6.61 $8.25 54

Growth DCF

Growth DCF $27.26 $39.10 $54.83 76

Rev-Margin DCF $26.08 $41.37 $59.40 70

Economic Profit

Residual Income $24.90 $25.47 $26.94 74

ROIC Compounder $18.86 $21.49 $23.74 70

Growth Earnings

Growth-Adj P/E $17.44 $24.91 $32.39 65

Models of SBO.VI, converted to this listing with the same factor as the fair value.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 52/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 30

How much profit the company makes from its sales and capital

Quality Growth 23

Are margins and returns getting better?

Cashflow 48

Do the profits arrive as real cash?

Financial strength 62

Debt, balance sheet and risk of trouble

Investment 83

Does it invest with discipline instead of growing at any price?

Low Volatility 77

How calm the share price moves, does not count

Price momentum 35

Price momentum of the last 3 to 12 months, does not count

Near the 52-week high 33

Distance to the 52-week high, does not count

New shares 82

Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 40/100

Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Revenue growth 1 year

−18.8%

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.

−3.2%

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.

+9.3%

Start year 2020 (pandemic). Over 10 years: +3.8% a year

Revenue growth 21 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.

+5.4%

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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.

−0.1%

Earnings growth per share plus dividend.

Earnings per share, growth per year−2.2%

Dividend (yield on the price)2.1%

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.−2.2% vs −7.8%, picking up

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.−6% → 8%

Pace: the 5-year rate starts in 2020 (pandemic)

Growth Forecast

Price in line with expectations

The price assumes about as much growth as 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).

+8.8%

Yearly growth needed for the next five years to justify today's price.

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.

+8.1%

Yearly sales growth analysts expect, extended to five years.

After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +6.4% a year for the price and +5.8% for the forecasts.

Forecast 2026 (sales)−4.0%

Forecast 2027 (sales)+13.5%

Projected 2028 (sales)+12.1%

Projected 2029 (sales)+10.6%

Projected 2030 (sales)+9.2%

SBOEF screens overvalued: fair value 26% below the price. Compare with SLB N.V →

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Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate.

Stock	Price	Fair Value	vs Fair Value	Compare
Yantai Jereh Oilfield Services Group 002353	¥83.01	¥91.31	+10%	vs SBOEF
Gaztransport & Technigaz SA GTT	€184.20	€199.62	+8%	vs SBOEF
China Oilfield Services Limited 601808	¥12.77	¥13.04	+2%	vs SBOEF
Subsea 7 S.A SUBC	kr 317.80	kr 257.37	−19%	vs SBOEF
Halliburton Company HAL	$31.88	$21.72	−32%	vs SBOEF
Baker Hughes Company BKR	$48.45	$32.37	−33%	vs SBOEF
Tenaris S.A TEN	€26.72	€17.68	−34%	vs SBOEF
Saipem SpA SPM	€4.32	€2.72	−37%	vs SBOEF
SLB N.V SLB	$50.38	$29.03	−42%	vs SBOEF
TechnipFMC plc FTI	$63.98	$28.12	−56%	vs SBOEF

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Frequently asked questions

Is SBO AG (SBOEF) overvalued or undervalued?

As of Oct 9, 2026, our model estimates a fair value of $26.16 versus the last price from Sep 10, 2026 of $35.25, about 26% lower (overvalued).

What is the fair value of SBOEF?

Our model-based fair value for SBO AG is $26.16 (as of Oct 9, 2026), built from audited fundamentals. Last price (from Sep 10, 2026): $35.25.

What is the quality score of SBOEF?

SBO AG has a Quality Score of 52/100. 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 SBO AG (SBOEF)?

Our model-based price target is the fair value of $26.16 (as of Oct 9, 2026) from 26 valuation models. Cautious scenario $19.26, optimistic scenario $34.22. It is a calculation from audited fundamentals, not an analyst target.

What is the SBO AG stock forecast for 2026?

Our models put fair value at $26.16, about 26% lower versus the last price from Sep 10, 2026 of $35.25 (overvalued). Cautious scenario $19.26, optimistic scenario $34.22. The calculation is refreshed regularly with new filings.

What is the revenue of SBO AG (SBOEF)?

SBO AG reported trailing-twelve-month revenue of about €406M (latest available figure, as of Oct 9, 2026).

Does SBO AG pay a dividend?

SBO AG currently shows a dividend yield of 2.13% relative to its recent price (as of Oct 9, 2026).

How much is the dividend of SBO AG (SBOEF) and when is the ex-dividend date?

SBO AG pays a dividend of $0.75 per share a year, a dividend yield of 2.1%. The last ex-dividend date was May 6, 2026. A dividend has been paid every year since 2022. The payout ratio is 117% of earnings. Free cash flow covers the dividend 1.15 times. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.

What growth is priced into SBO AG (SBOEF)?

For today's price to be fair in a discounted-cash-flow model, SBO AG would have to grow free cash flow by +8.8 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.4 % per year. As of Oct 9, 2026.

What discount rate (WACC) does the fair value of SBOEF use?

Our models discount SBO AG at 10.2 %: a base by market capitalisation (small), damped by beta 0.62, country premium for USA. 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 SBO AG that is +8.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.

How much growth has SBO AG (SBOEF) delivered so far?

Over the past 5 years revenue at SBO AG grew +9.4 % a year. The price currently implies free-cash-flow growth of +8.8 % per 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 SBO AG (SBOEF) growing?

The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into SBO AG (+8.8 % per year): it shows whether the expectation is within the usual range or beyond it.

What is the free cash flow yield of SBO AG (SBOEF)?

The free-cash-flow yield on the price is 6.43 %: that much free cash flow SBO AG produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.

What is the intrinsic value of SBO AG (SBOEF)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SBO AG it is $26.16 per share (as of Oct 9, 2026), against a price of $35.25. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).

Is SBO AG stock overvalued or undervalued in 2026?

As of Oct 9, 2026, SBOEF trades above its calculated fair value: price $35.25, fair value $26.16, a gap of about −26% (overvalued). 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 SBOEF?

No. The price is what the market pays today ($35.25); the fair value is what the company's own numbers justify ($26.16). For SBO AG the two are $9.09 per share apart. That gap is exactly why we show both numbers side by side.

How much is SBO AG worth?

The market values SBO AG at about $556M (market capitalisation, as of Oct 9, 2026). Per share that is $35.25; our models calculate a fair value of $26.16 per share.

What do the bullish and bearish scenarios say about SBOEF?

Our models span a range for SBO AG: cautious scenario $19.26, base $26.16, optimistic $34.22 per share (as of Oct 9, 2026, price $35.25). The range comes from different growth and margin assumptions, not from analyst opinions.

How far is SBOEF from its 52-week high?

SBO AG trades at $35.25, at its 52-week high of $35.25 and 18% above the low of $29.81 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $26.16 is for.

Which stocks are comparable to SBO AG?

From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Tenaris S.A, Halliburton Company, 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 SBO AG stock attractive at the current price?

The data as of Oct 9, 2026: price $35.25, calculated fair value $26.16 (−26%), Quality Score 52/100, 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 SBOEF calculated?

We run SBO AG through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $26.16 builds on their evidence-weighted average, 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 13.7% above its aggregate fair value. SBO AG itself currently trades above fair value. 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 SBO AG (SBOEF)?

The latest price we hold is from Sep 10, 2026 and stands at $35.25. Our model-based fair value is $26.16, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with SBO AG right now?

The price sits above even our optimistic bull case ($34.22). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of SBO AG

How large is the market capitalisation of SBO AG (SBOEF)?

The market capitalisation of SBO AG is $556M. 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/E ratio of SBO AG (SBOEF)?

The price-to-earnings ratio of SBO AG is 92.8. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.

What is the P/S ratio of SBO AG (SBOEF)?

The price-to-sales ratio of SBO AG is 1.37 (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 SBO AG (SBOEF)?

Earnings per share at SBO AG are $0.3800 (price ÷ EPS = P/E 92.8). Earnings per share over the last twelve months: total profit spread across every single share.

What is the dividend yield of SBO AG (SBOEF)?

The dividend yield of SBO AG is 2.1% (payout 197%). 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 SBO AG (SBOEF)?

The net margin of SBO AG is 1.3% (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 SBO AG (SBOEF)?

The return on equity (ROE) of SBO AG is 1.3% (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 SBO AG (SBOEF)?

On an EBIT basis the return on assets of SBO AG is 7.5% (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 SBO AG (SBOEF)?

The operating margin of SBO AG is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at SBO AG (SBOEF)?

Revenue at SBO AG is growing −14.7% versus a year earlier (3y avg −3.2%). 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 SBO AG (SBOEF)?

Earnings per share at SBO AG are growing −96.3% versus a year earlier. How much earnings per share grew versus a year earlier.

How much net debt does SBO AG (SBOEF) carry?

The net debt of SBO AG is €94.6M (fiscal year 2025, ≈ 3.0 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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