BENO Holding (BENH) fair value: what the stock is really worth
As of Oct 13, 2026: fair value of BENO Holding €13.58, price €6.45, upside +110.5%, quality 56 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 14, 2026.
How to read this chart
50‑month range €5.00 – €9.95 · fair‑value band €6.48 – €24.29 · the €6.45 price screens below the €13.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 14, 2026.
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BENO Holding AG, through its subsidiaries, engages in the rental of real estate properties for medium-sized companies in Germany. The company creates digital twins light industrial properties, improve collaborative processes, save time, and reduce CO2 emissions; and provides professional asset management services.
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BENO Holding AG, through its subsidiaries, engages in the rental of real estate properties for medium-sized companies in Germany. The company creates digital twins light industrial properties, improve collaborative processes, save time, and reduce CO2 emissions; and provides professional asset management services. BENO Holding AG was incorporated in 2014 and is based in Munich, Germany.
Stock analysis
BENO Holding (BENH) currently trades at €6.45, while our model-based Fair Value estimate is €13.58, implying the stock looks roughly 52.5% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €19.43 per share, and 13 of the 14 models we run sit above the €6.45 price.
Bear case: the Asset-Based group reads lowest at €6.72, and 1 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: €6.48 (bear) to €24.29 (bull), the price of €6.45 sits below 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 56/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
BENO Holding reported revenue of €10.1M in FY2025 versus €7.5M in FY2021, a compound +7.9%/yr. Reported net income was €4.6M in FY2025, compounding +21.0%/yr from FY2021.
Key figures
Market cap €21.8M · P/E ratio 4.6 · P/S ratio 2.07 · EPS (TTM) €1.31 · Net margin 45.2% · Return on equity 14.6% · Return on assets (EBIT) 4.3% · Operating margin 53.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 111%, BENH screens cheaper than that median.
Fair Value models
Bear €6.48Fair Value €13.58Bull €24.29
Price €6.45 · Upside +110.5%
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€1.03 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.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.66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+16.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.5%
Dividend (yield on the price)0.0%
Profit margin 2021 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% → 50%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+7.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +5.4% 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.Real Estate Services · 535 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+110.5% · Top 25%
Profitability
Return on equity (TTM)14.6% · Top 25%
Return on assets3.1% · Above median
Net margin (TTM)49.7% · Top 25%
Operating margin (TTM)53.5% · Top 25%
Growth and dividend
Revenue growth0.0% · Below median
Balance sheet
Debt / equity1.42× · Highest 25%
Valuation Multiplesvs Real Estate Services 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). "BENO Holding Fair Value". https://www.fairvalue-calculator.com/stock/BENH
Frequently asked questions
Is BENO Holding (BENH) overvalued or undervalued?
As of Oct 14, 2026, our model estimates a fair value of €13.58 versus a price of €6.45, about +111% upside (undervalued).
What is the fair value of BENH?
Our model-based fair value for BENO Holding is €13.58 (as of Oct 14, 2026), built from audited fundamentals. The current price: €6.45.
What is the quality score of BENH?
BENO Holding has a Quality Score of 56/100. 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 BENO Holding (BENH)?
Our model-based price target is the fair value of €13.58 (as of Oct 14, 2026) from 14 valuation models. Cautious scenario €6.48, optimistic scenario €24.29. It is a calculation from audited fundamentals, not an analyst target.
What is the BENO Holding stock forecast for 2026?
Our models put fair value at €13.58, about +111% upside versus a price of €6.45 (undervalued). Cautious scenario €6.48, optimistic scenario €24.29. The calculation is refreshed regularly with new filings.
What is the revenue of BENO Holding (BENH)?
BENO Holding reported trailing-twelve-month revenue of about €9.2M (latest available figure, as of Oct 14, 2026).
What growth is priced into BENO Holding (BENH)?
For today's price to be fair in a discounted-cash-flow model, BENO Holding would have to grow free cash flow by +7.7 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +7.9 % per year. As of Oct 14, 2026.
What discount rate (WACC) does the fair value of BENH use?
Our models discount BENO Holding at 8.3 %: a base by market capitalisation (nano), damped by beta 0.11, country premium for Germany. 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 BENO Holding that is +7.7 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has BENO Holding (BENH) delivered so far?
Over the past 4 years revenue at BENO Holding grew +7.9 % a year. The price currently implies +7.7 % per year free-cash-flow growth a 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 BENO Holding (BENH) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into BENO Holding (+7.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BENO Holding (BENH)?
The free-cash-flow yield on the price is 15.06 %: that much free cash flow BENO Holding produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BENO Holding (BENH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BENO Holding it is €13.58 per share (as of Oct 14, 2026), against a price of €6.45. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is BENO Holding stock overvalued or undervalued in 2026?
As of Oct 14, 2026, BENH trades below its calculated fair value: price €6.45, fair value €13.58, a gap of about +111% (undervalued). 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 BENH?
No. The price is what the market pays today (€6.45); the fair value is what the company's own numbers justify (€13.58). For BENO Holding the two are €7.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is BENO Holding worth?
The market values BENO Holding at about €21.8M (market capitalisation, as of Oct 14, 2026). Per share that is €6.45; our models calculate a fair value of €13.58 per share.
What do the bullish and bearish scenarios say about BENH?
Our models span a range for BENO Holding: cautious scenario €6.48, base €13.58, optimistic €24.29 per share (as of Oct 14, 2026, price €6.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BENH?
BENO Holding trades at a price-to-earnings ratio of 4.6 (as of Oct 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €13.58 is built from several models across several years. Other multiples: P/B 0.6, P/S 2.4, EV/EBITDA 13.0.
How solid is the balance sheet of BENO Holding (BENH)?
Balance-sheet figures for BENO Holding (as of Oct 14, 2026): return on equity 14.6%, debt of 1.42 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is BENH from its 52-week high?
BENO Holding trades at €6.45, about 24% below its 52-week high of €8.50 and 29% above the low of €5.00 (as of Oct 13, 2026). Distance from the high says nothing about value: that is what the fair value of €13.58 is for.
Which stocks are comparable to BENO Holding?
From the same area (Real Estate) we also value CBRE Group, KE Holdings, Swire Properties Limited, Cellnex Telecom, S.A, 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 BENO Holding stock attractive at the current price?
The data as of Oct 14, 2026: price €6.45, calculated fair value €13.58 (+111%), Quality Score 56/100, from 14 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 BENH calculated?
We run BENO Holding through 14 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 €13.58, 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. BENO Holding currently trades 53 % below its own fair value, and the market average says nothing about that. 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 BENO Holding (BENH)?
The closing price on Oct 13, 2026 was €6.45. Our model-based fair value is €13.58, about +111% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BENO Holding right now?
The model range is unusually wide (€6.48 to €24.29). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of BENO Holding
How large is the market capitalisation of BENO Holding (BENH)?
The market capitalisation of BENO Holding is €21.8M. 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 BENO Holding (BENH)?
The price-to-sales ratio of BENO Holding is 2.07 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BENO Holding (BENH)?
Earnings per share at BENO Holding are €1.31 (price ÷ EPS = P/E 4.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of BENO Holding (BENH)?
The net margin of BENO Holding is 45.2% (fiscal year 2025). 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 BENO Holding (BENH)?
The return on equity (ROE) of BENO Holding is 14.6% (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 BENO Holding (BENH)?
On an EBIT basis the return on assets of BENO Holding is 4.3% (avg 4y). 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 BENO Holding (BENH)?
The operating margin of BENO Holding is 53.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net debt does BENO Holding (BENH) carry?
The net debt of BENO Holding is €51.8M (fiscal year 2025, ≈ 15.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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