Bellevue Group AG (BBN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bellevue Group AG stock CHF 5.33, price CHF 6.86, that is 22.3% below the price, quality 65 out of 100. Rating: overvalued. Calculated from audited financials with 12 of our 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. As of Nov 7, 2026.
How to read this chart
60‑month range CHF 6.60 – CHF 35.56 · fair‑value band CHF 5.11 – CHF 5.66 · the CHF 6.86 price screens above the CHF 5.33 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. As of Nov 7, 2026.
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Bellevue Group AG engages in the asset management business in Switzerland, the United Kingdom, Germany, and internationally. The company offers healthcare investment solutions, including biotech, medtech, thematic, and healthcare global and regional.
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It also provides small and mid-sized entrepreneur investment solutions, such as listed small and mid-caps, and private equity strategies; and multi asset and bond solutions. The company was founded in 1993 and is headquartered in Zurich, Switzerland.
Stock analysis
Bellevue Group AG (BBN) currently trades at CHF 6.86, while our model-based Fair Value estimate is CHF 5.33, 22% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of CHF 8.61 per share, and 4 of the 12 models we run sit above the CHF 6.86 price.
Bear case: the Earnings-Based group reads lowest at CHF 1.18, and 8 of the 12 models stay below the price. Data coverage for this calculation is high.
Scenario range: CHF 5.11 (bear) to CHF 5.66 (bull), the price of CHF 6.86 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 Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Bellevue Group AG reported revenue of CHF 53.0M in FY2025 versus CHF 142M in FY2021, a compound −21.9%/yr. Reported net income was CHF 1.9M in FY2025, compounding −54.3%/yr from FY2021.
Key figures
Market cap CHF 91.7M Micro · P/E ratio 26.4 · P/S ratio 1.70 · EPS (TTM) CHF 0.2600 · Dividend yield 2.2% · Net margin 6.5% · Return on equity 3.0% · Return on assets (EBIT) 13.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −22%, BBN screens richer than that median.
Fair Value models
BearCHF 5.11Fair Value CHF 5.33BullCHF 5.66
Price CHF 6.86 · Downside -22.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (CHF 0.0943 per share) are deliberately not added.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.Coverage ⓘCoverage = 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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−24.9%
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.
−18.9%
Revenue growth 5 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.
−13.7%
Start year 2020 (pandemic). Over 10 years: −4.2% a year
Revenue growth 23 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.
−2.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−36.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−38.9%
Dividend (yield on the price)2.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−38.9% vs −18.2%, slowing
Profit margin 2020 to 2025 ⓘ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.38% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−22.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Switzerland: IMF forecast 0.6% a year to 2030, 0.8% from 2016 to 2025) that is about −23.2% a year for the price.
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.Asset Management · 587 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside−22.3% · Bottom 25%
Profitability
Return on equity (12 months)3.0% · Below median
Return on assets1.2% · Below median
Net margin (12 months)6.5% · Bottom 25%
Operating margin (12 months)11.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)3.9% · Below median
Dividend yield (12 months)2.2% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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). "Bellevue Group AG Fair Value". https://www.fairvalue-calculator.com/stock/BBN
Frequently asked questions
Is Bellevue Group AG (BBN) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of CHF 5.33 versus a price of CHF 6.86, about 22% lower (overvalued).
What is the fair value of BBN?
Our model-based fair value for Bellevue Group AG is CHF 5.33 (as of Nov 7, 2026), built from audited fundamentals. The current price: CHF 6.86.
What is the quality score of BBN?
Bellevue Group 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 Bellevue Group AG (BBN)?
Our model-based price target is the fair value of CHF 5.33 (as of Nov 7, 2026) from 12 valuation models. Cautious scenario CHF 5.11, optimistic scenario CHF 5.66. It is a calculation from audited fundamentals, not an analyst target.
What is the Bellevue Group AG stock forecast for 2026?
Our models put fair value at CHF 5.33, about 22% lower versus a price of CHF 6.86 (overvalued). Cautious scenario CHF 5.11, optimistic scenario CHF 5.66. The calculation is refreshed regularly with new filings.
What is the revenue of Bellevue Group AG (BBN)?
Bellevue Group AG reported trailing-twelve-month revenue of about CHF 53.8M (latest available figure, as of Nov 7, 2026).
Does Bellevue Group AG pay a dividend?
Bellevue Group AG currently shows a dividend yield of 2.19% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Bellevue Group AG (BBN) and when is the ex-dividend date?
Bellevue Group AG pays a dividend of CHF 0.15 per share a year, a dividend yield of 2.2%. The last ex-dividend date was Mar 26, 2026. A dividend has been paid every year since at least 2003. The payout ratio is 57.7% of earnings. Free cash flow covers the dividend 9.45 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Bellevue Group AG (BBN)?
For today's price to be fair in a discounted-cash-flow model, Bellevue Group AG would have to grow free cash flow by -22.7 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -13.7 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of BBN use?
Our models discount Bellevue Group AG at 12.0 %: a base by market capitalisation (micro), damped by beta 0.83, country premium for Switzerland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bellevue Group AG that is -22.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Bellevue Group AG (BBN) delivered so far?
Over the past 5 years revenue at Bellevue Group AG grew -13.7 % a year. The price currently implies free-cash-flow growth of -22.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bellevue Group AG (BBN) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Bellevue Group AG (-22.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bellevue Group AG (BBN)?
The free-cash-flow yield on the price is 20.61 %: that much free cash flow Bellevue Group AG produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bellevue Group AG (BBN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bellevue Group AG it is CHF 5.33 per share (as of Nov 7, 2026), against a price of CHF 6.86. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Bellevue Group AG stock overvalued or undervalued in 2026?
As of Nov 7, 2026, BBN trades above its calculated fair value: price CHF 6.86, fair value CHF 5.33, a gap of about −22% (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 BBN?
No. The price is what the market pays today (CHF 6.86); the fair value is what the company's own numbers justify (CHF 5.33). For Bellevue Group AG the two are CHF 1.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bellevue Group AG worth?
The market values Bellevue Group AG at about CHF 91.7M (market capitalisation, as of Nov 7, 2026). Per share that is CHF 6.86; our models calculate a fair value of CHF 5.33 per share.
What do the bullish and bearish scenarios say about BBN?
Our models span a range for Bellevue Group AG: cautious scenario CHF 5.11, base CHF 5.33, optimistic CHF 5.66 per share (as of Nov 7, 2026, price CHF 6.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BBN?
Bellevue Group AG trades at a price-to-earnings ratio of 26.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 5.33 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 16.5. Other multiples: P/B 0.8, P/S 1.7, EV/EBITDA 8.2.
How solid is the balance sheet of Bellevue Group AG (BBN)?
Balance-sheet figures for Bellevue Group AG (as of Nov 7, 2026): return on equity 3.0%, debt of 0.03 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is BBN from its 52-week high?
Bellevue Group AG trades at CHF 6.86, about 43% below its 52-week high of CHF 12.13 and 4% above the low of CHF 6.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 5.33 is for.
Which stocks are comparable to Bellevue Group AG?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, 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 Bellevue Group AG stock attractive at the current price?
The data as of Nov 7, 2026: price CHF 6.86, calculated fair value CHF 5.33 (−22%), Quality Score 65/100, from 12 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 BBN calculated?
We run Bellevue Group AG through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of CHF 5.33 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Bellevue Group 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 Bellevue Group AG (BBN)?
The closing price on Nov 6, 2026 was CHF 6.86. Our model-based fair value is CHF 5.33, about 22% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bellevue Group AG right now?
The price sits above even our optimistic bull case (CHF 5.66). The favourable scenario is already priced in. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (CHF 5.11 to CHF 5.66), unusually little disagreement for a valuation. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Bellevue Group AG
How large is the market capitalisation of Bellevue Group AG (BBN)?
The market capitalisation of Bellevue Group AG is CHF 91.7M. 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 Bellevue Group AG (BBN)?
The price-to-sales ratio of Bellevue Group AG is 1.70 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bellevue Group AG (BBN)?
Earnings per share at Bellevue Group AG are CHF 0.2600 (price ÷ EPS = P/E 26.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bellevue Group AG (BBN)?
The dividend yield of Bellevue Group AG is 2.2% (payout 57.7%). 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 Bellevue Group AG (BBN)?
The net margin of Bellevue Group AG is 6.5% (last twelve months). 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 Bellevue Group AG (BBN)?
The return on equity (ROE) of Bellevue Group AG is 3.0% (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 Bellevue Group AG (BBN)?
On an EBIT basis the return on assets of Bellevue Group AG is 13.2% (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 Bellevue Group AG (BBN)?
The operating margin of Bellevue Group AG is 11.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bellevue Group AG (BBN)?
Revenue at Bellevue Group AG is growing +3.9% versus a year earlier (3y avg −18.9%). 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 Bellevue Group AG (BBN)?
Earnings per share at Bellevue Group AG are growing +12.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bellevue Group AG (BBN) hold?
Bellevue Group AG holds more cash than debt, CHF 1.9M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026