adidas AG (ADDDF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of adidas AG $132, price $162, upside -18.2%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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adidas AG
ADDDF · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
What runs behind every stock
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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 28, 2026.
How to read this chart
60‑month range $88.15 – $384.01 · fair‑value band $74.75 – $198.79 · the $161.76 price screens above the $132.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 28, 2026.
Company profile
adidas AG, together with its subsidiaries, designs, develops, produces, and markets a range of athletic and sports lifestyle products in Europe, Greater China, Japan, South Korea, Latin America, North America, and internationally.
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adidas AG, together with its subsidiaries, designs, develops, produces, and markets a range of athletic and sports lifestyle products in Europe, Greater China, Japan, South Korea, Latin America, North America, and internationally. The company offers footwear and apparel, as well as accessories and gear, including bags, balls, sunglasses, and fitness equipment under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand. It sells its products through its own retail stores, mono-branded franchise stores, shop-in-shops, joint ventures with retail partners, and co-branded stores, as well as through its wholesale and e-commerce platforms. The company was formerly known as adidas-Salomon AG and changed its name to adidas AG in June 2006. adidas AG was founded in 1920 and is headquartered in Herzogenaurach, Germany.
Stock analysis
adidas AG (ADDDF) currently trades at $161.76, while our model-based Fair Value estimate is $132.34, 18.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $165.84 per share, and 6 of the 25 models we run sit above the $161.76 price.
Bear case: the Asset-Based group reads lowest at $26.05, and 19 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: $74.75 (bear) to $198.79 (bull), the price of $161.76 sits inside 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 62/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
adidas AG reported revenue of €24.8B in FY2025 versus €21.2B in FY2021, a compound +4.0%/yr. Reported net income was €1.3B in FY2025, compounding −10.8%/yr from FY2021.
Key figures
Market cap $33.3B · P/E ratio 18.2 · P/S ratio 0.98 · EPS (TTM) $8.91 · Dividend yield 1.7% · Net margin 5.4% · Return on equity 22.9% · Return on assets (EBIT) 6.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 49% fair-value upside, at −18%, ADDDF screens richer than that median.
Fair Value models
All 25 models by family
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Set up alert →Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 25
Revenue & earnings trend
Growth Forecast
ADDDF screens overvalued: fair value 18% below the price. Compare with NIKE, Inc →
Earlier news
- NIKE vs. adidas: Which Athletic Giant Has the Stronger Market Position?
- Is Adidas (XTRA:ADS) Losing Ground In Soccer To A New Rival?
Compare adidas AG with another stock
Price, fair value, quality and upside side by side.
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
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NIKE, Inc NKE | $35.15 | $34.38 | −2% |
| Deckers Outdoor Corporation DECK | $78.36 | $176.31 | +125% |
| On Holding ONON | $29.96 | $26.80 | −11% |
| Zhejiang China Commodities City Group 600415 | ¥10.84 | ¥27.10 | +150% |
| Crocs, Inc CROX | $122.63 | $281.25 | +129% |
| Huali Industrial Group 300979 | ¥34.18 | ¥50.95 | +49% |
| Birkenstock Holding BIRK | $33.60 | $50.10 | +49% |
| PUMA SE PUM | €22.36 | €10.58 | −53% |
| Steven Madden, Ltd SHOO | $44.90 | $12.34 | −73% |
| Yue Yuen Industrial (Holdings) Limited 0551 | HK$12.60 | HK$31.67 | +151% |
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Key figures of adidas AG
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