Holcim AG (HOLN) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Holcim AG stock CHF 66.54, price CHF 73.84, that is 9.9% below the price, quality 58 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Holcim AG
HOLN · SWOur calculation puts a fair price 10% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range CHF 17.47 – CHF 80.17 · fair‑value band CHF 56.66 – CHF 75.96 · the CHF 73.84 price screens above the CHF 66.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
Holcim AG, together with its subsidiaries, provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.
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It provides foundation, flooring, walling and roofing products, including cement, clinker, and other cementitious materials; ready-mix concrete; aggregates, such as crushed stone, gravel, and sand; and precast, concrete products, asphalts, mortars, roofing systems, insulation systems, tile adhesives, facade solutions, and contracting and services.
The company also provides digital services through HOLCIM+ platform and digital concrete services.
Its products are used in infrastructure projects, such as tunnels, railways and train stations, airports and ports, and bridges; housing projects, including individual and collective housing; commercial projects comprising offices, retail, and public buildings; and industrial projects consisting of renewable energy, oil and gas, and mining.
The company sells its products under the ECOPact, ECOPlanet, Aggneo, Hydromedia, ZinCo Holcim, Elevate, Airium, PRB Group, Cantillana, Flachdach Technologie, Izolbet, Disensa, Tector, DYNAMax, Agilia, Ductal, Artevia, Humes, Tensolite, Compaktuna, and other service brands.
The company was formerly known as LafargeHolcim Ltd and changed its name to Holcim AG in May 2021. Holcim AG was founded in 1833 and is headquartered in Zug, Switzerland.
Stock analysis
Holcim AG (HOLN) currently trades at CHF 73.84, while our model-based Fair Value estimate is CHF 66.54, 10% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of CHF 41.69 per share, and 0 of the 24 models we run sit above the CHF 73.84 price.
Bear case: the Growth Earnings group reads lowest at CHF 9.08, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: CHF 56.66 (bear) to CHF 75.96 (bull), the price of CHF 73.84 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 58/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Holcim AG reported revenue of CHF 15.7B in FY2025 versus CHF 26.8B in FY2021, a compound −12.5%/yr. Reported net income was CHF 387M in FY2025, compounding −35.9%/yr from FY2021.
Key figures
Market cap CHF 41.0B Large · P/E ratio 105.5 · P/S ratio 2.60 · EPS (TTM) CHF 0.7000 · Dividend yield 2.3% · Net margin 2.4% · Return on equity 2.8% · Return on assets (EBIT) 7.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 8% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −10%, HOLN screens cheaper than that median.
Fair Value models
All 24 models by family
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
HOLN screens overvalued: fair value 10% below the price. Compare with CRH plc →
Earlier news
- Holcim raises 2026 earnings outlook after strong Q3 sales
- Holcim (SWX:HOLN) Stock Trades At A Discount Following Its 256% Run
- Holcim (SWX:HOLN) Expands Low Carbon Cement, Is The 16% Undervaluation Enough?
Compare Holcim AG with another stock
Price, fair value, quality and upside side by side.
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.Building Materials · 257 stocks
Valuation Multiplesvs Building Materials median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Dividend yield by industry
- EV/EBITDA by industry
- PEG screener for stocks with fair value
- Valuation of the Switzerland market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Anhui Conch Cement Company 600585 | ¥18.48 | ¥29.57 | +60% | vs HOLN |
| Heidelberg Materials AG HEI | €175.05 | €177.45 | +1% | vs HOLN |
| China Jushi Co 600176 | ¥29.03 | ¥28.04 | −3% | vs HOLN |
| Amrize AG AMRZ | $42.65 | $35.08 | −18% | vs HOLN |
| CRH plc CRH | $95.45 | $75.09 | −21% | vs HOLN |
| Vulcan Materials Company VMC | $285.51 | $132.92 | −53% | vs HOLN |
| Martin Marietta Materials, Inc MLM | $527.83 | $214.62 | −59% | vs HOLN |
| Grasim Industries Limited GRASIM | ₹3,228 | ₹1,245 | −61% | vs HOLN |
| UltraTech Cement Limited ULTRACEMCO | ₹12,250 | ₹4,721 | −61% | vs HOLN |
| James Hardie Industries plc JHX | A$39.20 | A$10.71 | −73% | vs HOLN |
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Key figures of Holcim AG
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