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dormakaba Holding (DOKA) Fair Value & Analysis

Industrials · CH · Market cap CHF 2.2B

DH dormakaba Holding DOKA · SW
PriceCHF 51.90
Fair ValueCHF 47.08
Upside-9.3%
Quality53/100
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Evidence: Medium Range CHF 35.31 – CHF 58.85

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 8 days ago

Share price +8.8% over the past month.

Price vs Fair Value (12 months)

CHF 73.15 CHF 44.83 Fair Value CHF 47.08 Jun 2025 Jul 2026

12‑month range CHF 44.83 – CHF 73.15 · fair‑value band CHF 35.31 – CHF 58.85 · the CHF 51.90 price screens above the CHF 47.08 fair value. As of Jun 24, 2026.

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Analysis

dormakaba Holding (DOKA) currently trades at CHF 51.90, while our model-based Fair Value estimate is CHF 47.08 — implying the stock looks roughly 9.3% overvalued today. We read business quality at 53/100 (solid quality), in the Industrials 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, dormakaba Holding generated revenue of CHF 2.8B at a net margin of 3.1%. Revenue declined 4.1% year over year. It earns a return on equity of 43.1%. Net debt stands at CHF 355M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) CHF 2.8B
Revenue growth (YoY) -4.1%
Net margin 3.1%
Return on equity 43.1%
Free cash flow CHF 157M FY2025
P/E ratio 24.9
More key figures
Operating margin 9.5%
EPS (TTM) CHF 2.09
Dividend yield 1.8%
EPS growth (YoY) -19.3%
Net debt CHF 355M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

dormakaba Holding AG provides access and security solutions worldwide. It offers door hardware products, including door closers, locks, fittings, emergency exits, and panic hardware; interior glass systems comprising manual sliding, manual single and double action door, fittings for glass assemblies, and horizontal sliding walls; and entrance systems, such as swing operators, automatic sliding doors, sliding door operators, revolving doors, security revolving doors and interlocks, sensor barriers and speed gates, and turnstiles. The company also provides mechanical key systems, including cylinder locks with reversible keys; electronic access and data comprising electronic cylinders, electronic door locks, digital door locks, card readers and peripherals, and time and attendance; lodging systems that include access management systems, electronic hotel locks, and perimeter access; and safe locks under the Axessor Appex Series, Axxesor, Paxos, Cencon, CenconX, Auditcon, LA GARD …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

dormakaba Holding reported revenue of CHF 2.9B in FY2025 versus CHF 2.5B in FY2021, a compound +3.5%/yr. Reported net income was CHF 97.9M in FY2025, compounding −0.7%/yr from FY2021.

Revenue +3.5%/yr
FY21 CHF 2.5B
FY22 CHF 2.8B
FY23 CHF 2.8B
FY24 CHF 2.8B
FY25 CHF 2.9B
Net income −0.7%/yr
FY21 CHF 101M
FY22 CHF 19.3M
FY23 CHF 45.7M
FY24 CHF 42.2M
FY25 CHF 97.9M

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Similar stocks

6 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $491.59 $210.11 -57%
Johnson Controls International plc JCI $148.21 $39.05 -74%
Carrier Global Corporation CARR $67.97 $16.28 -76%
Compagnie de Saint-Gobain S.A CODGF $91.30 $94.11 +3%
Daikin Industries,Ltd. DKILF $149.65 $113.38 -24%
Geberit AG GBERF $661.46 $347.91 -47%

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Frequently asked questions

Is dormakaba Holding (DOKA) undervalued?
As of Jun 24, 2026, our model estimates a fair value of CHF 47.08 versus a price of CHF 51.90 — about −9% (overvalued). Model-based estimate, not financial advice.
What is the fair value of DOKA?
Our model-based fair value for dormakaba Holding is CHF 47.08 (as of Jun 24, 2026), built from audited fundamentals. The current price is CHF 51.90.
What is the quality score of DOKA?
dormakaba Holding has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of dormakaba Holding (DOKA)?
dormakaba Holding reported trailing-twelve-month revenue of about CHF 2.8B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of DOKA?
The net profit margin of dormakaba Holding is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does dormakaba Holding pay a dividend?
dormakaba Holding currently shows a dividend yield of about 1.77% relative to its recent price (as of Jun 24, 2026).

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.