Porsche AG (P911) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Porsche AG stock €24.72, price €47.24, that is 47.7% below the price, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
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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
49‑month range €35.52 – €107.39 · fair‑value band €14.04 – €35.44 · the €47.24 price screens above the €24.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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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.
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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.
Stock analysis
Porsche AG (P911) currently trades at €47.24, while our model-based Fair Value estimate is €24.72, 48% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of €26.64 per share, and 3 of the 25 models we run sit above the €47.24 price.
Bear case: the Growth DCF group reads lowest at €7.13, and 22 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €14.04 (bear) to €35.44 (bull), the price of €47.24 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 46/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap €42.8B Large · P/E ratio 18.4 · P/S ratio 1.58 · EPS (TTM) €2.50 · Dividend yield 2.1% · Net margin 6.3% · Return on equity 8.7% · Return on assets (EBIT) 10.2%.
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 3% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 9% fair-value upside, at −48%, P911 screens richer than that median.
Fair Value models
Bear€14.04Fair Value €24.72Bull€35.44
Price €47.24 · Downside -47.7%
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 (€1.27 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
FCF DCF€4.65€7.19€11.0277
Growth DCF€4.79€7.13€10.4876
Residual Income€17.38€17.48€18.1175
All 25 models by family
DCF Models
FCF DCF€4.65€7.19€11.0277
Owner Earnings€4.29€6.65€10.2174
5Y Revenue Exit€9.03€15.40€23.4669
5Y EBITDA Exit€32.67€58.16€87.4272
5Y P/E Exit€5.85€9.66€13.5269
10Y Revenue Exit€7.02€12.50€19.6563
10Y EBITDA Exit€22.50€42.11€67.7265
10Y P/E Exit€5.37€8.52€12.1862
Earnings-Based
Graham-Dodd€3.23€8.38€10.9262
PEG = 1.0€1.58€2.26€2.9455
EPV€11.75€13.86€15.7271
Dividend Discount
Gordon GGM€17.15€35.12€60.7463
DDM Multi-Stage€17.15€26.64€37.1764
Multiples
P/E Multiple€7.85€10.46€13.0861
P/S Multiple€6.06€8.08€10.1055
P/B Multiple€48.81€65.08€81.3553
EV/EBIT€13.05€19.23€25.4063
EV/EBITDA€49.13€67.33€85.5365
EV/Revenue€7.01€12.36€17.7250
Asset-Based
NCAV (Graham)€8.13€10.90€16.2752
Growth DCF
Growth DCF€4.79€7.13€10.4876
Rev-Margin DCF€9.03€15.34€22.2070
Economic Profit
Residual Income€17.38€17.48€18.1175
ROIC Compounder€11.75€13.86€15.7270
Growth Earnings
Growth-Adj P/E€6.09€8.70€11.3166
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.5%
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.
−1.2%
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.
+4.8%
Start year 2020 (pandemic)
Revenue growth 19 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.
+8.9%
’08
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’12
’17
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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.
−30.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.9%
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.−32.9% vs −23.8%, slowing
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.15% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than 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).
+35.9%
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.
−2.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +33.0% a year for the price and −4.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 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.Very negative
AI conclusion: Porsche's main strength is its new mid-engine supercar platform targeting higher margins through exclusivity, while its main weak point is limited pricing power shown by low ROE and net margins with thin evidence of a durable moat.
Main risk: Rivals such as Xiaomi with its SU7 and BYD's Yangwang brand could capture luxury EV buyers in China and elsewhere by offering comparable performance and superior software features at significantly lower prices, squeezing Porsche's margins and volumes.
Bull case: Porsche could leverage its new higher-exclusivity supercar platform and flexible hybrid-gasoline offerings to attract affluent buyers seeking status and driving engagement beyond what mass-market Chinese EVs provide.
Bear case: Persistent losses to lower-priced Chinese competitors combined with regulatory-driven EV costs could shrink Porsche's addressable market and force deeper cuts to its product range and workforce.
Porsche is pushing a new mid-engine supercar platform above the 911 to target higher margins through greater exclusivity rather than volume. Deliveries fell 16 percent in the first nine months amid weak China demand, and the firm now targets a 10 to 15 percent operating return on sales. Will this focus on ultra-luxury models restore margins sustainably, or will it tie results even more tightly to a narrow, cyclical buyer group?
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.Auto Manufacturers · 108 stocks
Beats the industry median on 4/15 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−47.7% · Bottom 25%
Profitability
Return on equity (12 months)8.7% · Above median
Return on assets1.1% · Below median
Net margin (12 months)8.1% · Top 25%
Operating margin (12 months)3.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−7.5% · Bottom 25%
Dividend yield (12 months)2.1% · Below median
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Auto Manufacturers median · lower = cheaper
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). "Porsche AG Fair Value". https://www.fairvalue-calculator.com/stock/P911
Frequently asked questions
Is Porsche AG (P911) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €24.72 versus a price of €47.24, about 48% lower (overvalued).
What is the fair value of P911?
Our model-based fair value for Porsche AG is €24.72 (as of Nov 6, 2026), built from audited fundamentals. The current price: €47.24.
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 price target for Porsche AG (P911)?
Our model-based price target is the fair value of €24.72 (as of Nov 6, 2026) from 25 valuation models. Cautious scenario €14.04, optimistic scenario €35.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Porsche AG stock forecast for 2026?
Our models put fair value at €24.72, about 48% lower versus a price of €47.24 (overvalued). Cautious scenario €14.04, optimistic scenario €35.44. The calculation is refreshed regularly with new filings.
What is the revenue of Porsche AG (P911)?
Porsche AG reported trailing-twelve-month revenue of about €34.7B (latest available figure, as of Nov 6, 2026).
Does Porsche AG pay a dividend?
Porsche AG currently shows a dividend yield of 2.14% relative to its recent price (as of Nov 6, 2026).
What growth is priced into Porsche AG (P911)?
For today's price to be fair in a discounted-cash-flow model, Porsche AG would have to grow free cash flow by +35.9 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of P911 use?
Our models discount Porsche AG at 8.7 %: a base by market capitalisation (large), damped by beta 0.85, country premium for Germany. 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 Porsche AG that is +35.9 % per year a year over ten years, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has Porsche AG (P911) delivered so far?
Over the past 5 years revenue at Porsche AG grew +4.8 % a year. The price currently implies +35.9 % per year free-cash-flow growth a 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 Porsche AG (P911) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Porsche AG (+35.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Porsche AG (P911)?
The free-cash-flow yield on the price is 1.12 %: that much free cash flow Porsche AG produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Porsche AG (P911)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Porsche AG it is €24.72 per share (as of Nov 6, 2026), against a price of €47.24. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Porsche AG stock overvalued or undervalued in 2026?
As of Nov 6, 2026, P911 trades above its calculated fair value: price €47.24, fair value €24.72, 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 P911?
No. The price is what the market pays today (€47.24); the fair value is what the company's own numbers justify (€24.72). For Porsche AG the two are €22.52 per share apart. That gap is exactly why we show both numbers side by side.
How much is Porsche AG worth?
The market values Porsche AG at about €42.8B (market capitalisation, as of Nov 6, 2026). Per share that is €47.24; our models calculate a fair value of €24.72 per share.
What do the bullish and bearish scenarios say about P911?
Our models span a range for Porsche AG: cautious scenario €14.04, base €24.72, optimistic €35.44 per share (as of Nov 6, 2026, price €47.24). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of P911?
Porsche AG trades at a price-to-earnings ratio of 18.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €24.72 is built from several models across several years. Other multiples: PEG 0.5, P/B 1.9, P/S 1.6, EV/EBITDA 11.1.
What is the PEG ratio of P911?
The PEG ratio of Porsche AG is 0.47 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Porsche AG (P911)?
Balance-sheet figures for Porsche AG (as of Nov 6, 2026): return on equity 8.7%, debt of 0.24 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is P911 from its 52-week high?
Porsche AG trades at €47.24, about 3% below its 52-week high of €48.73 and 33% above the low of €35.52 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €24.72 is for.
Which stocks are comparable to Porsche AG?
From the same area (Consumer Cyclical) we also value Tesla, Inc, Toyota Motor Corporation, BYD Company, Ferrari N.V, 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 Porsche AG stock attractive at the current price?
The data as of Nov 6, 2026: price €47.24, calculated fair value €24.72 (−48%), Quality Score 46/100, from 25 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 P911 calculated?
We run Porsche AG through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €24.72, 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 15.5% above its aggregate fair value. Porsche 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 Porsche AG (P911)?
The closing price on Nov 5, 2026 was €47.24. Our model-based fair value is €24.72, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Porsche AG right now?
The price sits above even our optimistic bull case (€35.44). The favourable scenario is already priced in. Weak quality (46/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (€14.04 to €35.44) leaves room in how you read the outcome.
Key figures of Porsche AG
How large is the market capitalisation of Porsche AG (P911)?
The market capitalisation of Porsche AG is €42.8B. 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 Porsche AG (P911)?
The price-to-sales ratio of Porsche AG is 1.58 (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 Porsche AG (P911)?
Earnings per share at Porsche AG are €2.50 (price ÷ EPS = P/E 18.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Porsche AG (P911)?
The dividend yield of Porsche AG is 2.1% (payout 40.4%). 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 Porsche AG (P911)?
The net margin of Porsche AG is 6.3% (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 Porsche AG (P911)?
The return on equity (ROE) of Porsche AG is 8.7% (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 Porsche AG (P911)?
On an EBIT basis the return on assets of Porsche AG is 10.2% (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 Porsche AG (P911)?
The operating margin of Porsche AG is 3.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Porsche AG (P911)?
Revenue at Porsche AG is growing −7.5% versus a year earlier (3y avg −1.2%). 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 Porsche AG (P911)?
Earnings per share at Porsche AG are growing +256% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Porsche AG (P911) carry?
The net debt of Porsche AG is €6.4B (fiscal year 2025, ≈ 13.3 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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Broad data
Nov 6, 2026