Fielmann AG (0MG1) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Fielmann AG €20.84, price €38.00, upside -45.2%, quality 65 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €25.42 – €57.61 · fair‑value band €15.63 – €26.05 · the €38.00 price screens above the €20.84 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Fielmann Group AG engages in vision care and audiology business in Germany, Switzerland, Austria, Spain, North America, and internationally.
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Fielmann Group AG engages in vision care and audiology business in Germany, Switzerland, Austria, Spain, North America, and internationally. The company manufactures and sells visual aids mainly glasses, eyewear frames and lenses, sunglasses, contact lenses, ready-made reading glasses, hearing systems and its accessories, as well as personal protective equipment. It also offers its products under the fielmann, Optika Clarus, Optica & Audiologia Universitaria, Medical optica audicion, Shopko Optical, and SVS VISION brand names. The company sells its products through digital sales, retail stores, as well as Befitting, an optical e-commerce platform. The company was formerly known as Fielmann Aktiengesellschaft and changed its name to Fielmann Group AG in July 2023. Fielmann Group AG was founded in 1972 and is headquartered in Hamburg, Germany. Fielmann Group AG operates as a subsidiary of Korva SE.
Stock analysis
Fielmann AG (0MG1) currently trades at €38.00, while our model-based Fair Value estimate is €20.84, 45.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €25.12 per share, and 1 of the 23 models we run sit above the €38.00 price.
Bear case: the Asset-Based group reads lowest at €4.32, and 22 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: €15.63 (bear) to €26.05 (bull), the price of €38.00 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 65/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Fielmann AG reported revenue of €1.4B in FY2020 versus €1.3B in FY2016, a compound +1.7%/yr. Reported net income was €116M in FY2020, compounding −8.5%/yr from FY2016.
Key figures
Market cap €4.6B · P/S ratio 1.88 · Dividend yield 3.7% · Net margin 8.1% · Return on equity 21.5% · Return on assets (EBIT) 21.9% · Operating margin 14.8% · Revenue (TTM) €2.4B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 5% fair-value upside, at −45%, 0MG1 screens richer than that median.
Fair Value models
Bear €15.63Fair Value €20.84Bull €26.05
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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−6.0%
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.
+1.0%
’16
’17
’18
’19
’20
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.
18.1% (2016) → 12.5% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
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.Specialty Retail · 209 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−45.2% · Bottom 25%
Profitability
Return on equity (TTM)21.5% · Top 25%
Return on assets8.5% · Top 25%
Net margin (TTM)8.4% · Top 25%
Operating margin (TTM)14.8% · Top 25%
Growth and dividend
Revenue growth1.3% · Below median
Dividend yield (TTM)3.7% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Specialty Retail median · lower = cheaper
P/B6.64× · Priciest 25%
P/S (TTM)2.12× · Priciest 25%
EV/EBITDA11.9× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 46
FUTURE (revenue growth)7· sector 22
PAST (return on equity)86· sector 30
HEALTH (low debt)100· sector 94
DIVIDEND (yield)74· sector 64
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). "Fielmann AG Fair Value". https://www.fairvalue-calculator.com/stock/0MG1
Frequently asked questions
Is Fielmann AG (0MG1) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €20.84 versus a price of €38.00, about −45% upside (overvalued).
What is the fair value of 0MG1?
Our model-based fair value for Fielmann AG is €20.84 (as of Sep 23, 2026), built from audited fundamentals. The current price: €38.00.
What is the quality score of 0MG1?
Fielmann AG has a Quality Score of 65/100. 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 Fielmann AG (0MG1)?
Our model-based price target is the fair value of €20.84 (as of Sep 23, 2026) from 23 valuation models. Cautious scenario €15.63, optimistic scenario €26.05. It is a calculation from audited fundamentals, not an analyst target.
What is the Fielmann AG stock forecast for 2026?
Our models put fair value at €20.84, about −45% upside versus a price of €38.00 (overvalued). Cautious scenario €15.63, optimistic scenario €26.05. The calculation is refreshed regularly with new filings.
What is the revenue of Fielmann AG (0MG1)?
Fielmann AG reported trailing-twelve-month revenue of about €2.4B (latest available figure, as of Sep 23, 2026).
Does Fielmann AG pay a dividend?
Fielmann AG currently shows a dividend yield of about 3.68% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Fielmann AG (0MG1)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fielmann AG it is €20.84 per share (as of Sep 23, 2026), against a price of €38.00. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Fielmann AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 0MG1 trades above its calculated fair value: price €38.00, fair value €20.84, a gap of about −45% (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 0MG1?
No. The price is what the market pays today (€38.00); the fair value is what the company's own numbers justify (€20.84). For Fielmann AG the two are €17.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fielmann AG worth?
The market values Fielmann AG at about €4.6B (market capitalisation, as of Sep 23, 2026). Per share that is €38.00; our models calculate a fair value of €20.84 per share.
What do the bullish and bearish scenarios say about 0MG1?
Our models span a range for Fielmann AG: cautious scenario €15.63, base €20.84, optimistic €26.05 per share (as of Sep 23, 2026, price €38.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Fielmann AG (0MG1)?
Balance-sheet figures for Fielmann AG (as of Sep 23, 2026): return on equity 21.5%, debt of 0.00 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 0MG1 from its 52-week high?
Fielmann AG trades at €38.00, about 23% below its 52-week high of €49.54 and 3% above the low of €36.95 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €20.84 is for.
Which stocks are comparable to Fielmann AG?
From the same area (Industrials) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, Inc, 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 Fielmann AG stock attractive at the current price?
The data as of Sep 23, 2026: price €38.00, calculated fair value €20.84 (−45%), Quality Score 65/100, from 23 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 0MG1 calculated?
We run Fielmann AG through 23 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 €20.84, 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. Fielmann 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 Fielmann AG (0MG1)?
The closing price on Oct 2, 2026 was €38.00. Our model-based fair value is €20.84, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fielmann AG right now?
The price sits above even our optimistic bull case (€26.05). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Fielmann AG
How large is the market capitalisation of Fielmann AG (0MG1)?
The market capitalisation of Fielmann AG is €4.6B. 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 Fielmann AG (0MG1)?
The price-to-sales ratio of Fielmann AG is 1.88 (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 Fielmann AG (0MG1)?
The dividend yield of Fielmann AG is 3.7%. 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 Fielmann AG (0MG1)?
The net margin of Fielmann AG is 8.1% (fiscal year 2020). 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 Fielmann AG (0MG1)?
The return on equity (ROE) of Fielmann AG is 21.5% (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 Fielmann AG (0MG1)?
On an EBIT basis the return on assets of Fielmann AG is 21.9% (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 Fielmann AG (0MG1)?
The operating margin of Fielmann AG is 14.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fielmann AG (0MG1)?
Revenue at Fielmann AG is growing +1.3% versus a year earlier (3y avg +1.0%). 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 Fielmann AG (0MG1)?
Earnings per share at Fielmann AG are growing +1.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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