PUMA SE (0NQE) fair value: what the stock is really worth
As of Jul 17, 2026: fair value of PUMA SE €3.61, price €28.68, upside -87.4%, quality 49 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 Oct 2, 2026.
How to read this chart
60‑month range €15.45 – €106.94 · fair‑value band €2.71 – €4.51 · the €28.68 price screens above the €3.61 fair value. Dashed = 300-day average. As of Oct 2, 2026.
PUMA SE, together with its subsidiaries, engages in the development and sale of sports and sports lifestyle products in Europe, Middle East, Africa, India, North America, Latin America, Greater China, Rest of Asia-Pacific, and internationally.
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PUMA SE, together with its subsidiaries, engages in the development and sale of sports and sports lifestyle products in Europe, Middle East, Africa, India, North America, Latin America, Greater China, Rest of Asia-Pacific, and internationally. It offers sports lifestyle products for football, handball, rugby, cricket, volleyball, track and field, motor sports, golf, and basketball. The company also issues licenses to independent partners to design, develop, manufacture, and sell glasses, safety shoes, workwear, and gaming accessories. It sells its products under the PUMA and Cobra Golf brands through retail stores, factory outlets, and online stores, as well as wholesale and retail trade. PUMA SE was founded in 1919 and is headquartered in Herzogenaurach, Germany.
Stock analysis
PUMA SE (0NQE) currently trades at €28.68, while our model-based Fair Value estimate is €3.61, 87.4% 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 €11.59 per share, and 0 of the 25 models we run sit above the €28.68 price.
Bear case: the Earnings-Based group reads lowest at €1.46, and 25 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: €2.71 (bear) to €4.51 (bull), the price of €28.68 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 49/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
PUMA SE reported revenue of €5.2B in FY2020 versus €3.6B in FY2016, a compound +9.6%/yr. Reported net income was €78.9M in FY2020, compounding +6.0%/yr from FY2016.
Key figures
Market cap €13.8B · P/S ratio 1.92 · Dividend yield 0.8% · Net margin 1.5% · Return on equity −27.3% · Return on assets (EBIT) 7.6% · Operating margin 3.5% · Revenue (TTM) €7.2B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 86% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 49% fair-value upside, at −87%, 0NQE screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (€1.46 to €18.44). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear €2.71Fair Value €3.61Bull €4.51
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.57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.9%
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.
+8.2%
’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.
3.5% (2016) → 4.0% (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.Footwear & Accessories · 89 stocks
Beats the industry median on 0/10 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−87.4% · Bottom 25%
Profitability
Return on assets−1.5% · Bottom 25%
Net margin (TTM)−8.6% · Bottom 25%
Operating margin (TTM)3.5% · Below median
Growth and dividend
Revenue growth−6.3% · Below median
Dividend yield (TTM)0.8% · Bottom 25%
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
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Cite: Fair Value Calculator (2026). "PUMA SE Fair Value". https://www.fairvalue-calculator.com/stock/0NQE
Frequently asked questions
Is PUMA SE (0NQE) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of €3.61 versus the last price from Jul 17, 2026 of €28.68, about −87% upside (overvalued).
What is the fair value of 0NQE?
Our model-based fair value for PUMA SE is €3.61 (as of Oct 2, 2026), built from audited fundamentals. Last price (from Jul 17, 2026): €28.68.
What is the quality score of 0NQE?
PUMA SE has a Quality Score of 49/100. 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 PUMA SE (0NQE)?
Our model-based price target is the fair value of €3.61 (as of Oct 2, 2026) from 25 valuation models. Cautious scenario €2.71, optimistic scenario €4.51. It is a calculation from audited fundamentals, not an analyst target.
What is the PUMA SE stock forecast for 2026?
Our models put fair value at €3.61, about −87% upside versus the last price from Jul 17, 2026 of €28.68 (overvalued). Cautious scenario €2.71, optimistic scenario €4.51. The calculation is refreshed regularly with new filings.
What is the revenue of PUMA SE (0NQE)?
PUMA SE reported trailing-twelve-month revenue of about €7.2B (latest available figure, as of Oct 2, 2026).
Does PUMA SE pay a dividend?
PUMA SE currently shows a dividend yield of about 0.78% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of PUMA SE (0NQE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PUMA SE it is €3.61 per share (as of Oct 2, 2026), against a price of €28.68. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is PUMA SE stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 0NQE trades above its calculated fair value: price €28.68, fair value €3.61, a gap of about −87% (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 0NQE?
No. The price is what the market pays today (€28.68); the fair value is what the company's own numbers justify (€3.61). For PUMA SE the two are €25.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is PUMA SE worth?
The market values PUMA SE at about €13.8B (market capitalisation, as of Oct 2, 2026). Per share that is €28.68; our models calculate a fair value of €3.61 per share.
What do the bullish and bearish scenarios say about 0NQE?
Our models span a range for PUMA SE: cautious scenario €2.71, base €3.61, optimistic €4.51 per share (as of Oct 2, 2026, price €28.68). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PUMA SE (0NQE)?
Balance-sheet figures for PUMA SE (as of Oct 2, 2026): return on equity −27.3%, debt of 0.09 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 0NQE from its 52-week high?
PUMA SE trades at €28.68, about 4% below its 52-week high of €29.99 and 86% above the low of €15.45 (as of Jul 17, 2026). Distance from the high says nothing about value: that is what the fair value of €3.61 is for.
Which stocks are comparable to PUMA SE?
From the same area (Consumer Cyclical) we also value NIKE, Inc, adidas AG, Deckers Outdoor Corporation, On Holding, 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 PUMA SE stock attractive at the current price?
The data as of Oct 2, 2026: price €28.68, calculated fair value €3.61 (−87%), Quality Score 49/100, 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 0NQE calculated?
We run PUMA SE 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 €3.61, 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. PUMA SE 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 PUMA SE (0NQE)?
The latest price we hold is from Jul 17, 2026 and stands at €28.68. Our model-based fair value is €3.61, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PUMA SE right now?
The price sits above even our optimistic bull case (€4.51). 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 (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of PUMA SE
How large is the market capitalisation of PUMA SE (0NQE)?
The market capitalisation of PUMA SE is €13.8B. 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 PUMA SE (0NQE)?
The price-to-sales ratio of PUMA SE is 1.92 (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 PUMA SE (0NQE)?
The dividend yield of PUMA SE is 0.8%. 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 PUMA SE (0NQE)?
The net margin of PUMA SE is 1.5% (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 PUMA SE (0NQE)?
The return on equity (ROE) of PUMA SE is −27.3% (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 PUMA SE (0NQE)?
On an EBIT basis the return on assets of PUMA SE is 7.6% (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 PUMA SE (0NQE)?
The operating margin of PUMA SE is 3.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PUMA SE (0NQE)?
Revenue at PUMA SE is growing −6.3% versus a year earlier (3y avg +8.2%). 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 PUMA SE (0NQE)?
Earnings per share at PUMA SE are growing +52.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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