Bajaj Mobility AG (BMAG) Fair Value & Analysis
Consumer Cyclical · AT · Market cap €681M
Fair value as of: Jul 12, 2026
From 8 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from €94.13 to €23.71 (−74.8%) since Jun 25, 2026. Share price +46.6% over the past month.
A solid business, but screening 18% overvalued on our models.
What matters now
- The model range is unusually wide (€14.23 to €41.82). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range €7.90 – €86.31 · fair‑value band €14.23 – €41.82 · the €28.90 price screens above the €23.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Bajaj Mobility AG (BMAG) currently trades at €28.90, while our model-based Fair Value estimate is €23.71, implying the stock looks roughly 18.0% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Bajaj Mobility AG generated revenue of €1.1B at a net margin of 58.2%. Revenue grew 70.2% year over year. It earns a return on equity of 150.3%. Net debt stands at €740M. Fundamentals as of Jul 12, 2026
Our scenario range runs from €14.23 (bear case) to €41.82 (bull case); at €28.90, the current price sits within 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 near its 52-week high and 153% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at -18%, BMAG screens richer 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.
All 8 models by family
Widest divergence: Growth Earnings (€292.51) versus Asset-Based (€7.59). Highest evidence: Growth-Adj P/E (68).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 79
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
Bajaj Mobility AG, together with its subsidiaries, operates as a motorcycle manufacturer in Europe, North America, Mexico, and internationally. It operates through Motorcycles, Bicycles, and Others segments.
Full company description
Bajaj Mobility AG, together with its subsidiaries, operates as a motorcycle manufacturer in Europe, North America, Mexico, and internationally. It operates through Motorcycles, Bicycles, and Others segments. The company engages in the development, production, and sale of motorcycles under the KTM, Husqvarna Motorcycles, and the GASGAS brands, as well as motorcycle suspension and components under the WP brand. It also develops, manufactures, and trades e-bicycles and bicycles under the Husqvarna E-Bicycles, FELT, and GASGAS Bicycles brands; and sports cars under the KTM X-BOW brand. In addition, the company provides two-wheelers under the KTM AG brands; and e-bikes. Further, it offers design and development services; and digital solutions in web-based and mobile business applications. The company was formerly known as PIERER Mobility AG and changed its name to Bajaj Mobility AG in January 2026. Bajaj Mobility AG was founded in 1953 and is based in Mattighofen, Austria. Bajaj Mobility AG operates as a subsidiary of Pierer Bajaj AG.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
Bajaj Mobility AG reported revenue of €1.0B in FY2025 versus €2.4B in FY2022, a compound −25.5%/yr. Reported net income was €595M in FY2025, compounding +51.8%/yr from FY2022.
BMAG screens 18% overvalued. Compare with Toyota Motor Corporation →
Peer Group
Auto Manufacturers · 119 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.
Valuation Multiples vs Auto Manufacturers median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Toyota Motor Corporation TM | $179.76 | $224.63 | +25% |
| BYD Company 81211 | HK$80.55 | HK$50.85 | -37% |
| Hyundai Motor Company 005380 | 425,000 KRW | 616,918 KRW | +45% |
| General Motors Company GM | $77.72 | $56.93 | -27% |
| Bayerische Motoren Werke Aktiengesellschaft BMWM5N | 1,909 MXN | 2,944 MXN | +54% |
| Ferrari N.V RACE | $376.64 | $228.05 | -39% |
| Ford Motor Company F | C$11.86 | C$4.00 | -66% |
| Mercedes-Benz Group BENZ | C$20.44 | C$35.15 | +72% |
| Volkswagen AG VOW | 2,149 CZK | 7,191 CZK | +235% |
| Maruti Suzuki India Limited MARUTI | ₹13,803 | ₹8,236 | -40% |
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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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