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STOCK COMPARISON

Emmi vs Nestle S.A.: Fair Value & Quality

Both stocks run through our valuation models. Here is how Emmi (EMMN) and Nestle S.A. (NESN) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Emmi as the less overvalued of the two: Emmi trades at CHF 832 versus a fair value of CHF 733 (-12%), while Nestle S.A. trades at CHF 77.10 versus CHF 59.49 (-23%).
Emmi
EMMN.SW · CHF · Consumer Staples
-12%
upside to fair value
overvalued
PriceCHF 832
Fair ValueCHF 733
Quality63/100
Nestle S.A.
NESN.SW · CHF · Consumer Staples
-23%
upside to fair value
overvalued
PriceCHF 77.10
Fair ValueCHF 59.49
Quality69/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

EmmiNestle S.A.
Valuation
19.6×P/E (TTM)22.0×
1.14×P/S (TTM)2.91×
4.99×P/B7.97× · book value is mostly goodwill
12.6×EV/EBITDA18.1×
7.40×PEG2.31×
−11.9%Fair value upside−22.8%
2.1%Dividend yield4.0%
CHF 17.50Dividend per shareCHF 3.10
Profitability
8%Operating margin15%
1.03×EBIT margin trend (5Y)0.91×
21%Return on equity27%
6%Return on assets7%
Growth
6%Revenue growth (YoY)-2%
3.9%Avg. growth/yr (3Y)-1.9%
5.1%Avg. growth/yr (5Y)1.1%
+5.2%Value creation/yr+0.0%
Balance & size
10.4×Interest coverage (EBIT/interest)8.5×
1.01×Debt / equity1.34×
$5BMarket cap$262B
healthyGrowth qualityweak

Emmi leads: 11 to 4 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Emmiof which business quality 62 · market factors 66 Nestle S.A.of which business quality 64 · market factors 59
ProfitabilityMargins and returns on capital today
61
60
Quality GrowthAre margins and returns improving?
47
43
CashflowEarnings quality: real cash, not paper profit
50
67
Fin. StrengthBalance sheet, leverage, solvency risk
61
42
InvestmentDisciplined investing over empire-building
81
94
Low VolatilityCalm price path (market factor)
96
91
MomentumPrice trend over the last 3–12 months (market factor)
48
45
52W MomentumDistance to the 52-week high (market factor)
63
47
Net IssuanceShare count: buybacks or dilution?
82
94

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyEmmiPrice CHF 832Nestle S.A.Price CHF 77.10
DCF Models-21%below the priceCHF 656-31%below the priceCHF 53.09
Earnings-Based-48%below the priceCHF 429-57%below the priceCHF 33.53
Dividend Discount-73%below the priceCHF 225-55%below the priceCHF 34.87
Multiples-3%close to the priceCHF 807-13%close to the priceCHF 66.73
Asset-Based-84%below the priceCHF 135-89%below the priceCHF 8.55
Growth DCF-24%below the priceCHF 632-34%below the priceCHF 50.71
Economic Profit-51%below the priceCHF 410-58%below the priceCHF 32.75
Growth Earnings-13%close to the priceCHF 721-28%below the priceCHF 55.79
Minimum-84%below the priceCHF 135-89%below the priceCHF 8.55
Maximum-3%close to the priceCHF 807-13%close to the priceCHF 66.73
Median-36%below the priceCHF 531-45%below the priceCHF 42.79
Geometric mean-48%below the priceCHF 436-52%below the priceCHF 36.68

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Emmi: 21 of 25 models see the stock below the current price.

Nestle S.A.: 23 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Emmi
Price CHF 832
Fair Value CHF 733
Bear CHF 448Bull CHF 1,081
Nestle S.A.
Price CHF 77.10
Fair Value CHF 59.49
Bear CHF 36.94Bull CHF 88.51

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Emmi · Consumer Staples

Quality score63 · Top 25%
Fair value upside-12% · below median

Nestle S.A. · Consumer Staples

Quality score69 · Top 25%
Fair value upside-23% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Emmi as the less overvalued of the two: Emmi trades at CHF 832 versus a fair value of CHF 733 (-12%), while Nestle S.A. trades at CHF 77.10 versus CHF 59.49 (-23%).

Nestle S.A. has the higher quality score (69/100).

Open Emmi live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.