KONE Oyj (0II2) fair value: what the stock is really worth
As of Jul 17, 2026: fair value of KONE Oyj €27.94, price €49.67, upside -43.8%, quality 60 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range €32.79 – €62.16 · fair‑value band €17.12 – €40.66 · the €49.67 price screens above the €27.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, automatic building doors, and integrated access control solutions, as well as maintenance and modernization solutions.
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KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, automatic building doors, and integrated access control solutions, as well as maintenance and modernization solutions. It also offers KONE Office Flow, a modular connected people flow solution that delivers personalized access and enhanced user experiences in workplaces; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators. In addition, the company provides people flow planning and consulting services; solutions for special buildings and large projects; cybersecurity solutions; and energy solutions for greener buildings. It also offers hands-on, immersive training to technicians, engineers, and service professional through a training center in Egypt. KONE Oyj was founded in 1908 and is based in Espoo, Finland.
Stock analysis
KONE Oyj (0II2) currently trades at €49.67, while our model-based Fair Value estimate is €27.94, 43.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €33.34 per share, and 0 of the 24 models we run sit above the €49.67 price.
Bear case: the Asset-Based group reads lowest at €3.97, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: €17.12 (bear) to €40.66 (bull), the price of €49.67 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 60/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
KONE Oyj reported revenue of €10.5B in FY2021 versus €8.8B in FY2017, a compound +4.6%/yr. Reported net income was €1.0B in FY2021, compounding +1.5%/yr from FY2017.
Key figures
Market cap €26.6B · P/S ratio 2.34 · Dividend yield 3.6% · Net margin 9.6% · Return on equity 41.4% · Return on assets (EBIT) 14.1% · Operating margin 11.0% · Revenue (TTM) €11.4B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −44%, 0II2 screens cheaper than that median.
Fair Value models
Bear €17.12Fair Value €27.94Bull €40.66
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.52/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.8%
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.
+5.0%
’17
’18
’19
’20
’21
Profit margin (trend) ⓘ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.
13.6% (2017) → 12.3% (2021)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
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). "KONE Oyj Fair Value". https://www.fairvalue-calculator.com/stock/0II2
Frequently asked questions
Is KONE Oyj (0II2) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of €27.94 versus the last price from Jul 17, 2026 of €49.67, about −44% upside (overvalued).
What is the fair value of 0II2?
Our model-based fair value for KONE Oyj is €27.94 (as of Oct 3, 2026), built from audited fundamentals. Last price (from Jul 17, 2026): €49.67.
What is the quality score of 0II2?
KONE Oyj has a Quality Score of 60/100. 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 KONE Oyj (0II2)?
Our model-based price target is the fair value of €27.94 (as of Oct 3, 2026) from 24 valuation models. Cautious scenario €17.12, optimistic scenario €40.66. It is a calculation from audited fundamentals, not an analyst target.
What is the KONE Oyj stock forecast for 2026?
Our models put fair value at €27.94, about −44% upside versus the last price from Jul 17, 2026 of €49.67 (overvalued). Cautious scenario €17.12, optimistic scenario €40.66. The calculation is refreshed regularly with new filings.
What is the revenue of KONE Oyj (0II2)?
KONE Oyj reported trailing-twelve-month revenue of about €11.4B (latest available figure, as of Oct 3, 2026).
Does KONE Oyj pay a dividend?
KONE Oyj currently shows a dividend yield of about 3.62% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of KONE Oyj (0II2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KONE Oyj it is €27.94 per share (as of Oct 3, 2026), against a price of €49.67. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is KONE Oyj stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 0II2 trades above its calculated fair value: price €49.67, fair value €27.94, a gap of about −44% (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 0II2?
No. The price is what the market pays today (€49.67); the fair value is what the company's own numbers justify (€27.94). For KONE Oyj the two are €21.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is KONE Oyj worth?
The market values KONE Oyj at about €26.6B (market capitalisation, as of Oct 3, 2026). Per share that is €49.67; our models calculate a fair value of €27.94 per share.
What do the bullish and bearish scenarios say about 0II2?
Our models span a range for KONE Oyj: cautious scenario €17.12, base €27.94, optimistic €40.66 per share (as of Oct 3, 2026, price €49.67). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0II2 from its 52-week high?
KONE Oyj trades at €49.67, about 20% below its 52-week high of €62.16 and 4% above the low of €47.76 (as of Jul 17, 2026). Distance from the high says nothing about value: that is what the fair value of €27.94 is for.
Which stocks are comparable to KONE Oyj?
From the same area (Industrials) we also value GE Vernova Inc, SIE, 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 KONE Oyj stock attractive at the current price?
The data as of Oct 3, 2026: price €49.67, calculated fair value €27.94 (−44%), Quality Score 60/100, from 24 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 0II2 calculated?
We run KONE Oyj through 24 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 €27.94, 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 14.5 % above its aggregate fair value. KONE Oyj 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 KONE Oyj (0II2)?
The latest price we hold is from Jul 17, 2026 and stands at €49.67. Our model-based fair value is €27.94, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KONE Oyj right now?
The price sits above even our optimistic bull case (€40.66). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€17.12 to €40.66) leaves room in how you read the outcome.
Key figures of KONE Oyj
How large is the market capitalisation of KONE Oyj (0II2)?
The market capitalisation of KONE Oyj is €26.6B. 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 KONE Oyj (0II2)?
The price-to-sales ratio of KONE Oyj is 2.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of KONE Oyj (0II2)?
The dividend yield of KONE Oyj is 3.6%. 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 KONE Oyj (0II2)?
The net margin of KONE Oyj is 9.6% (fiscal year 2021). 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 KONE Oyj (0II2)?
The return on equity (ROE) of KONE Oyj is 41.4% (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 KONE Oyj (0II2)?
On an EBIT basis the return on assets of KONE Oyj is 14.1% (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 KONE Oyj (0II2)?
The operating margin of KONE Oyj is 11.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KONE Oyj (0II2)?
Revenue at KONE Oyj is growing +3.1% versus a year earlier (3y avg +5.0%). 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 KONE Oyj (0II2)?
Earnings per share at KONE Oyj are growing −13.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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