DEFAMA Deutsche Fachmarkt AG (DEF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of DEFAMA Deutsche Fachmarkt AG stock €9.55, price €18.30, that is 47.8% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €17.40 – €29.96 · fair‑value band €8.54 – €11.87 · the €18.30 price screens above the €9.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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DEFAMA Deutsche Fachmarkt AG, together with its subsidiaries, engages in real estate business in Germany. It acquires, manages, and leases retail parks and shopping centers, as well as small retail and commercial properties.
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The company was incorporated in 2014 and is headquartered in Berlin, Germany.
Stock analysis
DEFAMA Deutsche Fachmarkt AG (DEF) currently trades at €18.30, while our model-based Fair Value estimate is €9.55, 48% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €20.60 per share, and 4 of the 8 models we run sit above the €18.30 price.
Bear case: the Asset-Based group reads lowest at €6.55, and 4 of the 8 models stay below the price. Data coverage for this calculation is high.
Scenario range: €8.54 (bear) to €11.87 (bull), the price of €18.30 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 Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
DEFAMA Deutsche Fachmarkt AG reported revenue of €27.2M in FY2025 versus €15.0M in FY2021, a compound +16.0%/yr. Reported net income was €5.6M in FY2025, compounding +2.6%/yr from FY2021.
Key figures
Market cap €87.8M Micro · P/E ratio 17.8 · P/S ratio 2.74 · EPS (TTM) €1.03 · Dividend yield 3.4% · Net margin 15.4% · Return on equity 10.5% · Return on assets (EBIT) 4.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −48%, DEF screens richer than that median.
Fair Value models
Bear€8.54Fair Value €9.55Bull€11.87
Price €18.30 · Downside -47.8%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.3430 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.
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.48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+14.8%
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.
+15.5%
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.
+16.5%
Start year 2020 (pandemic). Over 10 years: +39.0% a year
Revenue growth 10 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.
+39.0%
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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.
+18.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.4%
Dividend (yield on the price)3.4%
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.15.4% vs 18.3%, steady
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.45% → 50%
Compare DEFAMA Deutsche Fachmarkt AG with another stock
Price, fair value, quality and upside side by side.
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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.Real Estate Services · 472 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Bottom 25%
Fair Value upside−47.8% · Bottom 25%
Profitability
Return on equity (12 months)10.5% · Top 25%
Return on assets2.2% · Below median
Net margin (12 months)15.4% · Above median
Operating margin (12 months)23.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)4.5% · Above median
Dividend yield (12 months)3.4% · Above median
Balance sheet
Debt / equity3.92× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)17.8× · Pricier than median
P/B1.87× · Priciest 25%
P/S (12 months)2.74× · Cheaper than median
EV/EBITDA15.4× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 55
FUTURE (revenue growth)23· sector 19
PAST (return on equity)42· sector 19
HEALTH (low debt)0· sector 83
DIVIDEND (yield)69· sector 66
VALUE 0: the price sits above our fair-value range.
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.
Cite: Fair Value Calculator (2026). "DEFAMA Deutsche Fachmarkt AG Fair Value". https://www.fairvalue-calculator.com/stock/DEF
Frequently asked questions
Is DEFAMA Deutsche Fachmarkt AG (DEF) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €9.55 versus a price of €18.30, about 48% lower (overvalued).
What is the fair value of DEF?
Our model-based fair value for DEFAMA Deutsche Fachmarkt AG is €9.55 (as of Nov 7, 2026), built from audited fundamentals. The current price: €18.30.
What is the quality score of DEF?
DEFAMA Deutsche Fachmarkt 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 DEFAMA Deutsche Fachmarkt AG (DEF)?
Our model-based price target is the fair value of €9.55 (as of Nov 7, 2026) from 9 valuation models. Cautious scenario €8.54, optimistic scenario €11.87. It is a calculation from audited fundamentals, not an analyst target.
What is the DEFAMA Deutsche Fachmarkt AG stock forecast for 2026?
Our models put fair value at €9.55, about 48% lower versus a price of €18.30 (overvalued). Cautious scenario €8.54, optimistic scenario €11.87. The calculation is refreshed regularly with new filings.
What is the revenue of DEFAMA Deutsche Fachmarkt AG (DEF)?
DEFAMA Deutsche Fachmarkt AG reported trailing-twelve-month revenue of about €32.1M (latest available figure, as of Nov 7, 2026).
Does DEFAMA Deutsche Fachmarkt AG pay a dividend?
DEFAMA Deutsche Fachmarkt AG currently shows a dividend yield of 3.44% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of DEFAMA Deutsche Fachmarkt AG (DEF) and when is the ex-dividend date?
DEFAMA Deutsche Fachmarkt AG pays a dividend of €0.63 per share a year, a dividend yield of 3.4%. The last ex-dividend date was Jul 14, 2026. A dividend has been paid every year since at least 2017. The payout ratio is 61.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of DEFAMA Deutsche Fachmarkt AG (DEF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DEFAMA Deutsche Fachmarkt AG it is €9.55 per share (as of Nov 7, 2026), against a price of €18.30. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is DEFAMA Deutsche Fachmarkt AG stock overvalued or undervalued in 2026?
As of Nov 7, 2026, DEF trades above its calculated fair value: price €18.30, fair value €9.55, a gap of about −48% (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 DEF?
No. The price is what the market pays today (€18.30); the fair value is what the company's own numbers justify (€9.55). For DEFAMA Deutsche Fachmarkt AG the two are €8.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is DEFAMA Deutsche Fachmarkt AG worth?
The market values DEFAMA Deutsche Fachmarkt AG at about €87.8M (market capitalisation, as of Nov 7, 2026). Per share that is €18.30; our models calculate a fair value of €9.55 per share.
What do the bullish and bearish scenarios say about DEF?
Our models span a range for DEFAMA Deutsche Fachmarkt AG: cautious scenario €8.54, base €9.55, optimistic €11.87 per share (as of Nov 7, 2026, price €18.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DEF?
DEFAMA Deutsche Fachmarkt AG trades at a price-to-earnings ratio of 17.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €9.55 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 27.9. Other multiples: P/B 1.9, P/S 2.7, EV/EBITDA 15.4.
How solid is the balance sheet of DEFAMA Deutsche Fachmarkt AG (DEF)?
Balance-sheet figures for DEFAMA Deutsche Fachmarkt AG (as of Nov 7, 2026): return on equity 10.5%, debt of 3.92 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is DEF from its 52-week high?
DEFAMA Deutsche Fachmarkt AG trades at €18.30, about 39% below its 52-week high of €29.96 and 5% above the low of €17.40 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €9.55 is for.
Which stocks are comparable to DEFAMA Deutsche Fachmarkt AG?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, 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 DEFAMA Deutsche Fachmarkt AG stock attractive at the current price?
The data as of Nov 7, 2026: price €18.30, calculated fair value €9.55 (−48%), Quality Score 47/100, from 9 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 DEF calculated?
We run DEFAMA Deutsche Fachmarkt AG through 9 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €9.55 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 13.3% above its aggregate fair value. DEFAMA Deutsche Fachmarkt 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 DEFAMA Deutsche Fachmarkt AG (DEF)?
The closing price on Nov 6, 2026 was €18.30. Our model-based fair value is €9.55, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DEFAMA Deutsche Fachmarkt AG right now?
The price sits above even our optimistic bull case (€11.87). 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. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of DEFAMA Deutsche Fachmarkt AG (DEF) come from?
Earnings per share at DEFAMA Deutsche Fachmarkt AG grew +18.9 % a year from 2015 to 2025. Broken into its drivers: revenue per share +23.6 %, EBIT margin −0.6 %, tax rate −0.6 %, residual (interest, one-offs) −2.6 %. 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 DEFAMA Deutsche Fachmarkt AG
How large is the market capitalisation of DEFAMA Deutsche Fachmarkt AG (DEF)?
The market capitalisation of DEFAMA Deutsche Fachmarkt AG is €87.8M. 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 DEFAMA Deutsche Fachmarkt AG (DEF)?
The price-to-sales ratio of DEFAMA Deutsche Fachmarkt AG is 2.74 (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 DEFAMA Deutsche Fachmarkt AG (DEF)?
Earnings per share at DEFAMA Deutsche Fachmarkt AG are €1.03 (price ÷ EPS = P/E 17.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DEFAMA Deutsche Fachmarkt AG (DEF)?
The dividend yield of DEFAMA Deutsche Fachmarkt AG is 3.4% (payout 61.2%). 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 DEFAMA Deutsche Fachmarkt AG (DEF)?
The net margin of DEFAMA Deutsche Fachmarkt AG is 15.4% (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 DEFAMA Deutsche Fachmarkt AG (DEF)?
The return on equity (ROE) of DEFAMA Deutsche Fachmarkt AG is 10.5% (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 DEFAMA Deutsche Fachmarkt AG (DEF)?
On an EBIT basis the return on assets of DEFAMA Deutsche Fachmarkt AG is 4.9% (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 DEFAMA Deutsche Fachmarkt AG (DEF)?
The operating margin of DEFAMA Deutsche Fachmarkt AG is 23.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DEFAMA Deutsche Fachmarkt AG (DEF)?
Revenue at DEFAMA Deutsche Fachmarkt AG is growing +4.5% versus a year earlier (3y avg +15.5%). 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 DEFAMA Deutsche Fachmarkt AG (DEF)?
Earnings per share at DEFAMA Deutsche Fachmarkt AG are growing −70.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does DEFAMA Deutsche Fachmarkt AG (DEF) generate?
The free cash flow of DEFAMA Deutsche Fachmarkt AG is −€12.0M (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 DEFAMA Deutsche Fachmarkt AG (DEF) carry?
The net debt of DEFAMA Deutsche Fachmarkt AG is €199M (fiscal year 2025). 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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Broad data
Nov 7, 2026