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Borussia Dortmund GmbH & Co (BVB) Fair Value & Analysis

Communication Services · DE · Market cap €344M

BD Borussia Dortmund GmbH & Co BVB · XETRA
Price€3.00
Fair Value€1.56
Upside-48.0%
Quality95/100
Evidence: High Range €0.9700 – €1.62

Fair value as of: Jun 25, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Jun 25, 2026 — revised from €10.35 to €1.56 (−84.9%) since Jun 24, 2026. Share price −3.5% over the past month.

Price vs Fair Value (12 months)

€3.85 €2.95 Fair Value €1.56 Jun 2025 Jun 2026

12‑month range €2.95 – €3.85 · fair‑value band €0.9700 – €1.62 · the €3.00 price screens above the €1.56 fair value. As of Jun 25, 2026.

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Analysis

Borussia Dortmund GmbH & Co (BVB) currently trades at €3.00, while our model-based Fair Value estimate is €1.56 — implying the stock looks roughly 48.0% overvalued today. We read business quality at 95/100 (high quality), in the Communication Services 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: high).

Over the trailing twelve months, Borussia Dortmund GmbH & Co generated revenue of €560M at a net margin of -0.1%. Revenue declined 22.1% year over year. It earns a return on equity of -0.2%. Net debt stands at €26.5M. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) €560M
Revenue growth (YoY) -22.1%
Net margin -0.1%
Return on equity -0.2%
Free cash flow €48.8M FY2025
Operating margin -11.5%
More key figures
EPS (TTM) €-0.0100
EPS growth (YoY) +2,000%
Net debt €26.5M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, together with its subsidiaries, engages in the football business in Germany. It operates through Borussia Dortmund GmbH & Co. KGaA, BVB Merchandising GmbH, and BVB Event & Catering GmbH segments. The company operates a professional football club; and markets the Signal Iduna Park, a football stadium. It also offers ticketing, marketing TV broadcast rights, advertising, merchandising, match operations, transfer deals, and conference services. In addition, the company conducts stadium tours; provides and arranges event staffing services, such as planning, organizing, catering, steering, and conducting events; and offers internet and travel services. Further, it holds interest in the medical rehabilitation center. Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien was founded in 1909 and is based in Dortmund, Germany.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Borussia Dortmund GmbH & Co reported revenue of €574M in FY2025 versus €334M in FY2021, a compound +14.5%/yr. Reported net income was €6.5M in FY2025.

Revenue +14.5%/yr
FY21 €334M
FY22 €352M
FY23 €418M
FY24 €509M
FY25 €574M
Net income
FY21 −€72.8M
FY22 −€31.9M
FY23 €9.6M
FY24 €44.3M
FY25 €6.5M

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Frequently asked questions

Is Borussia Dortmund GmbH & Co (BVB) undervalued?
As of Jun 25, 2026, our model estimates a fair value of €1.56 versus a price of €3.00 — about −48% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BVB?
Our 21-model fair value for Borussia Dortmund GmbH & Co is €1.56 (as of Jun 25, 2026), built from audited fundamentals. The current price is €3.00.
What is the quality score of BVB?
Borussia Dortmund GmbH & Co has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Borussia Dortmund GmbH & Co (BVB)?
Borussia Dortmund GmbH & Co reported trailing-twelve-month revenue of about €560M (latest available figure, as of Jun 25, 2026).
What is the net profit margin of BVB?
The net profit margin of Borussia Dortmund GmbH & Co is about -0.1%, meaning it is currently running at a net loss. 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.