EN DE
Watch 2G Energy AG for free: we tell you when fair value or trend changes.
Data-driven stock valuation

2G Energy AG (2GB) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of 2G Energy AG stock €8.26, price €43.96, that is 81.2% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Industrials DE · ISIN DE000A0HL8N9

2E 2G Energy AG logo Thin data Nov 8, 2026

2G Energy AG

2GB · XETRA
Very expensive, weak quality

Our calculation puts a fair price 81% below what the stock costs today.

Low debt
Generates free cash flow over the last twelve months
Positive coverage
Quality 47/100
Expensive Growth (revenue 5y +10.1 %/yr in EUR)
Thin margins · 3.4% net margin (TTM)
0.5% dividend yield · Token dividend
Revenue last quarter 20% below a year ago.
Fair value €8.26 · Strongly overvalued (−81.2%)
Trails peers (3/13)
Narrow moat 37/100 · thin data
Thin data
Extreme value
Watch 2G Energy AG for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

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

Price vs Fair Value

€74.10 €18.52 Fair Value €8.26 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range €18.52 – €74.10 · fair‑value band €7.49 – €10.35 · the €43.96 price screens above the €8.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

Follow 2G Energy in your weekly email

Every Wednesday you see whether 2G Energy is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

2G Energy AG, together with its subsidiaries, manufactures and provides decentralized energy supply systems in Germany and internationally.

Show moreShow less

The company offers g-box, a natural gas combined heat and power (CHP) unit with an electrical output range of 20 kW to 50 kW; aura, a CHP unit with an output range from 100 kW to 420 kW; agenitor, a CHP unit with a capacity of 75 kW to 500 kW; avus, a CHP unit with an electrical output range of 548 kW to 4,500 kW; and afilia, a large-scale heat pump for air-to-water and water-to-water units.

It also provides spare parts; maintenance and repair services; installation, energy supply for data center, digital, control, custom, and H2-ready solutions; rental services for CHP systems; and GreenCube, which are turnkey energy centers for municipal heating planning, as well as operates a training center.

In addition, the company offers accessories comprising balancing energy, partial load and zero feed-in operation, air-to-air heat exchangers, heat exchanger exploiting the calorific value, heat storage/distribution, micro gas network, and grid starting devices; temperature-oriented applications, which include steam generation, hot water, and heat exchanger for thermal oil, as well as combined cooling, heating, and power generation; emergency power and island mode operation; gas-related technology, such as gas blending, and biogas treatment and utilization; exhaust gas post treatment consisting of oxidation and SCR catalysts, and exhaust combustion system; and data interfaces.

Its products are used in various applications, such as biogas and biomethane plants, data centers, educational facilities, farming, food and beverage industry, greenhouses, health and care, hotels and resorts, landfills and wastewater treatment, manufacturing industry, pools and leisure, trade and logistics, and utilities and energy service companies. 2G Energy AG was founded in 1995 and is headquartered in Heek, Germany.

Stock analysis

2G Energy AG (2GB) currently trades at €43.96, while our model-based Fair Value estimate is €8.26, 81% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of €22.66 per share, and 0 of the 17 models we run sit above the €43.96 price.

Bear case: the Dividend Discount group reads lowest at €2.88, and 17 of the 17 models stay below the price. Data coverage for this calculation is low.

Scenario range: €7.49 (bear) to €10.35 (bull), the price of €43.96 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 47/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

2G Energy AG reported revenue of €398M in FY2025 versus €266M in FY2021, a compound +10.6%/yr. Reported net income was €16.8M in FY2025, compounding +7.4%/yr from FY2021.

Key figures

Market cap €786M Small · P/E ratio 44.4 · P/S ratio 2.16 · EPS (TTM) €0.9900 · Dividend yield 0.5% · Net margin 3.4% · Return on equity 8.2% · Return on assets (EBIT) 17.9% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).

What moves the price

The share trades about 41% below its 52-week high and 73% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −81%, 2GB screens richer than that median.

Fair Value models

Bear €7.49 Fair Value €8.26 Bull €10.35
Price €43.96 · Downside -81.2%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.6667 per share) are deliberately not added. 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
Residual Income €7.49 €8.26 €10.35 76
Owner Earnings €3.42 €5.42 €8.51 75
EPV €9.19 €10.46 €11.53 74
All 17 models by family
DCF Models
Owner Earnings €3.42 €5.42 €8.51 75
Earnings-Based
Graham-Dodd €6.36 €27.84 €38.09 64
Lynch FV €7.18 €10.26 €13.34 61
PEG = 1.0 €7.18 €10.26 €13.34 57
EPV €9.19 €10.46 €11.53 74
Dividend Discount
Gordon GGM €1.63 €3.04 €4.32 67
DDM Multi-Stage €1.63 €2.72 €3.23 67
Multiples
P/E Multiple €14.72 €19.63 €24.54 63
P/S Multiple €11.92 €15.89 €19.86 58
P/B Multiple €27.12 €36.16 €45.20 55
EV/EBIT €19.12 €25.68 €32.24 66
EV/EBITDA €19.38 €26.02 €32.67 67
EV/Revenue €13.48 €19.50 €25.52 53
Asset-Based
NCAV (Graham) €3.39 €5.13 €6.41 55
Economic Profit
Residual Income €7.49 €8.26 €10.35 76
ROIC Compounder €9.38 €11.84 €15.12 72
Growth Earnings
Growth-Adj P/E €11.88 €16.97 €22.06 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 47/100

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

Profitability 51
How much profit the company makes from its sales and capital
Quality Growth 23
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 76
Debt, balance sheet and risk of trouble
Investment 56
Does it invest with discipline instead of growing at any price?
Low Volatility 39
How calm the share price moves, does not count
Price momentum 43
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 69
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. 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+6.1%
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.
+8.4%
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.
+10.1%
Start year 2020 (pandemic). Over 10 years: +10.1% a year
Revenue growth 18 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.
+17.9%
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.
+7.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.7%
Dividend (yield on the price)0.5%
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.base effect: 6.7% / 19.6%
Profit margin 2019 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% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)

2GB screens overvalued: fair value 81% below the price. Compare with SIE →

Earlier news

News mood ⓘNews mood, the average tone of recent news (15 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Positive
Recent news coverage is more positive than average.

Compare 2G Energy AG with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Specialty Industrial Machinery · 814 stocks

Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside −81.2% · Bottom 25%
Profitability
Return on equity (12 months) 8.2% · Above median
Return on assets 5.5% · Above median
Net margin (12 months) 3.4% · Below median
Operating margin (12 months) 0.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −19.9% · Bottom 25%
Dividend yield (12 months) 0.5% · Bottom 25%
Balance sheet
Debt / equity 0.05× · Below median

Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper

P/E (12 months) 44.4× · Pricier than median
P/B 5.03× · Priciest 25%
P/S (12 months) 2.16× · Pricier than median
EV/EBITDA 27.0× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 31
PAST (return on equity)33 · sector 27
HEALTH (low debt)98 · sector 96
DIVIDEND (yield)10 · sector 29

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cummins Inc CMI $450.07 $359.36 −20% vs 2GB
SIE SIE €263.65 €149.56 −43% vs 2GB
AMETEK, Inc AME $228.67 $125.74 −45% vs 2GB
Illinois Tool Works Inc ITW $280.95 $154.30 −45% vs 2GB
Sandvik AB SAND kr 357.40 kr 194.33 −46% vs 2GB
Parker-Hannifin Corporation PH $917.79 $492.92 −46% vs 2GB
Emerson Electric Co EMR $162.35 $79.99 −51% vs 2GB
Eaton Corporation ETN $341.72 $156.90 −54% vs 2GB
Rockwell Automation, Inc ROK $375.86 $139.31 −63% vs 2GB
GE Vernova Inc GEV $774.11 $143.50 −81% vs 2GB

Explore undervalued stocks

More undervalued Industrials stocks →

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

For bloggers & editors: embed code + live data

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.

2G Energy AG: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "2G Energy AG Fair Value". https://www.fairvalue-calculator.com/stock/2GB

Frequently asked questions

Is 2G Energy AG (2GB) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €8.26 versus a price of €43.96, about 81% lower (overvalued).
What is the fair value of 2GB?
Our model-based fair value for 2G Energy AG is €8.26 (as of Nov 8, 2026), built from audited fundamentals. The current price: €43.96.
What is the quality score of 2GB?
2G Energy 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 2G Energy AG (2GB)?
Our model-based price target is the fair value of €8.26 (as of Nov 8, 2026) from 17 valuation models. Cautious scenario €7.49, optimistic scenario €10.35. It is a calculation from audited fundamentals, not an analyst target.
What is the 2G Energy AG stock forecast for 2026?
Our models put fair value at €8.26, about 81% lower versus a price of €43.96 (overvalued). Cautious scenario €7.49, optimistic scenario €10.35. The calculation is refreshed regularly with new filings.
What is the revenue of 2G Energy AG (2GB)?
2G Energy AG reported trailing-twelve-month revenue of about €365M (latest available figure, as of Nov 8, 2026).
Does 2G Energy AG pay a dividend?
2G Energy AG currently shows a dividend yield of 0.48% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of 2G Energy AG (2GB) and when is the ex-dividend date?
2G Energy AG pays a dividend of €0.21 per share a year, a dividend yield of 0.5%. The last ex-dividend date was Aug 20, 2026. A dividend has been paid every year since at least 2012. The payout ratio is 21.2% of earnings. Our assessment: Token dividend. At a yield of 0.5% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.5% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of 2G Energy AG (2GB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For 2G Energy AG it is €8.26 per share (as of Nov 8, 2026), against a price of €43.96. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is 2G Energy AG stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2GB trades above its calculated fair value: price €43.96, fair value €8.26, a gap of about −81% (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 2GB?
No. The price is what the market pays today (€43.96); the fair value is what the company's own numbers justify (€8.26). For 2G Energy AG the two are €35.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is 2G Energy AG worth?
The market values 2G Energy AG at about €786M (market capitalisation, as of Nov 8, 2026). Per share that is €43.96; our models calculate a fair value of €8.26 per share.
What do the bullish and bearish scenarios say about 2GB?
Our models span a range for 2G Energy AG: cautious scenario €7.49, base €8.26, optimistic €10.35 per share (as of Nov 8, 2026, price €43.96). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2GB?
2G Energy AG trades at a price-to-earnings ratio of 44.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €8.26 is built from several models across several years. Other multiples: P/B 5.0, P/S 2.2, EV/EBITDA 27.0.
How solid is the balance sheet of 2G Energy AG (2GB)?
Balance-sheet figures for 2G Energy AG (as of Nov 8, 2026): return on equity 8.2%, debt of 0.05 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 2GB from its 52-week high?
2G Energy AG trades at €43.96, about 41% below its 52-week high of €74.10 and 73% above the low of €25.35 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €8.26 is for.
Which stocks are comparable to 2G Energy AG?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, 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 2G Energy AG stock attractive at the current price?
The data as of Nov 8, 2026: price €43.96, calculated fair value €8.26 (−81%), Quality Score 47/100, from 17 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 2GB calculated?
We run 2G Energy AG through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €8.26 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 13.0% above its aggregate fair value. 2G Energy 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 2G Energy AG (2GB)?
The closing price on Nov 6, 2026 was €43.96. Our model-based fair value is €8.26, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with 2G Energy AG right now?
The price sits above even our optimistic bull case (€10.35). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of 2G Energy AG (2GB) come from?
Earnings per share at 2G Energy AG grew +20.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.1 %, EBIT margin +9.0 %, tax rate +1.8 %, residual (interest, one-offs) −0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of 2G Energy AG

How large is the market capitalisation of 2G Energy AG (2GB)?
The market capitalisation of 2G Energy AG is €786M. 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 2G Energy AG (2GB)?
The price-to-sales ratio of 2G Energy AG is 2.16 (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 2G Energy AG (2GB)?
Earnings per share at 2G Energy AG are €0.9900 (price ÷ EPS = P/E 44.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of 2G Energy AG (2GB)?
The dividend yield of 2G Energy AG is 0.5% (payout 21.2%). 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 2G Energy AG (2GB)?
The net margin of 2G Energy AG is 3.4% (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 2G Energy AG (2GB)?
The return on equity (ROE) of 2G Energy AG is 8.2% (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 2G Energy AG (2GB)?
On an EBIT basis the return on assets of 2G Energy AG is 17.9% (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 2G Energy AG (2GB)?
The operating margin of 2G Energy AG is 0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at 2G Energy AG (2GB)?
Revenue at 2G Energy AG is growing −19.9% versus a year earlier (3y avg +8.4%). 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 2G Energy AG (2GB)?
Earnings per share at 2G Energy AG are growing −36.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does 2G Energy AG (2GB) generate?
The free cash flow of 2G Energy AG is −€47.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does 2G Energy AG (2GB) carry?
The net debt of 2G Energy AG is €10.2M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch 2G Energy AG in the live analysis

One click puts 2G Energy AG on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.