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Arbonia AG (ARBN) Fair Value & Analysis

Industrials · CH · Market cap CHF 247M

AA Arbonia AG ARBN · SW
PriceCHF 4.07
Fair ValueCHF 6.60
Upside+62.4%
Quality43/100
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Weak Growth
Highly profitable · 21.0% net margin
Low debt · negative free cash flow
Ranks above peers (6/10)
Narrow moat 27/100
Evidence: Low Range CHF 4.40 – CHF 8.80 Share as image

Fair value as of: Jul 11, 2026

From 4 valuation models · updated 30 days ago

Share price +15.0% over the past month.

Below-average quality, screening 62% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (CHF 4.40). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (CHF 4.40 to CHF 8.80) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

CHF 21.79 CHF 3.52 Fair Value CHF 6.60 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range CHF 3.52 – CHF 21.79 · fair‑value band CHF 4.40 – CHF 8.80 · the CHF 4.07 price screens below the CHF 6.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Arbonia AG (ARBN) currently trades at CHF 4.07, while our model-based Fair Value estimate is CHF 6.60, implying the stock looks roughly 62.4% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Arbonia AG generated revenue of CHF 628M at a net margin of 21.0%. Revenue grew 14.7% year over year. It earns a return on equity of -1.2%. Net debt stands at CHF 153M. Fundamentals as of Jul 11, 2026

Our scenario range runs from CHF 4.40 (bear case) to CHF 8.80 (bull case); at CHF 4.07, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at 62%, ARBN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Gordon GGM CHF 12.70 CHF 13.57 CHF 14.85 70
DDM Multi-Stage CHF 12.70 CHF 14.69 CHF 17.19 61
EV/EBITDA CHF 6.75 CHF 8.95 CHF 11.15 54
All 4 models by family
Dividend Discount
Gordon GGM CHF 12.70 CHF 13.57 CHF 14.85 70
DDM Multi-Stage CHF 12.70 CHF 14.69 CHF 17.19 61
Multiples
EV/EBITDA CHF 6.75 CHF 8.95 CHF 11.15 54
Asset-Based
NCAV (Graham) CHF 5.28 CHF 7.08 CHF 10.57 50

Widest divergence: Dividend Discount (CHF 13.57) versus Asset-Based (CHF 7.08). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) CHF 628M
Revenue growth (YoY) +14.7%
Net margin 21.0%
Return on equity -1.2%
Free cash flow −CHF 31.1M FY2025
Operating margin -26.3%
More key figures
EPS (TTM) CHF -0.1400
EPS growth (YoY) +273%
Net debt CHF 153M FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 32

Profitability 11
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Arbonia AG engages in the supply of interior doors crafted from wood, glass, and metal in Switzerland, Germany, Spain, and internationally. The company offers interior doors, functional doors, digital locking systems, loft doors, partition wall systems, shower doors and cubicles, and handles.

Full company description

Arbonia AG engages in the supply of interior doors crafted from wood, glass, and metal in Switzerland, Germany, Spain, and internationally. The company offers interior doors, functional doors, digital locking systems, loft doors, partition wall systems, shower doors and cubicles, and handles. It also provides construction glass, shower enclosures, frames, and wall systems. The company was formerly known as AFG Arbonia-Forster-Holding AG and changed its name to Arbonia AG in December 2016. Arbonia AG was founded in 1874 and is based in Arbon, Switzerland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Arbonia AG reported revenue of CHF 625M in FY2025 versus CHF 1.2B in FY2021, a compound −14.8%/yr. Reported net income was −CHF 91.9M in FY2025.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
CHF 625M
Latest YoY
+12.3%
Avg. growth/yr (3Y) 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.
+4.0%
Avg. growth/yr (5Y) 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.
−9.7%
Avg. growth/yr (23Y) 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.
−0.5%
Revenue −14.8%/yr
FY21 CHF 1.2B
FY22 CHF 556M
FY23 CHF 505M
FY24 CHF 556M
FY25 CHF 625M
Net income
FY21 CHF 27.5M
FY22 CHF 19.1M
FY23 −CHF 17.2M
FY24 CHF 8.3M
FY25 −CHF 91.9M

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Cite: Fair Value Calculator (2026). "Arbonia AG Fair Value". https://www.fairvalue-calculator.com/stock/ARBN

Peer Group

Building Products & Equipment · 247 stocks

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.

Quality Score 43 · Below median
Fair Value upside +62% · Top 25%
Return on assets -7% · Bottom 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) -26% · Bottom 25%
Revenue growth 15% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/B 0.42× · Cheaper than 75% of peers
P/S (TTM) 0.49× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 3
FUTURE 74 · sector 9
PAST 0 · sector 23
HEALTH 99 · sector 94
DIVIDEND 0 · sector 28

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is Arbonia AG (ARBN) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of CHF 6.60 versus a price of CHF 4.07, about +62% (undervalued).
What is the fair value of ARBN?
Our model-based fair value for Arbonia AG is CHF 6.60 (as of Jul 11, 2026), built from audited fundamentals. The current price is CHF 4.07.
What is the quality score of ARBN?
Arbonia AG has a Quality Score of 43/100. 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 revenue of Arbonia AG (ARBN)?
Arbonia AG reported trailing-twelve-month revenue of about CHF 628M (latest available figure, as of Jul 11, 2026).
What is the net profit margin of ARBN?
The net profit margin of Arbonia AG is about 21.0%, meaning it keeps roughly 21.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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