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dormakaba Holding (DRMKY) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of dormakaba Holding $12.04, price $14.30, upside -15.8%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Industrials · US · ISIN CH1486524122

DH dormakaba Holding logo Broad data Sep 24, 2026

dormakaba Holding

DRMKY · US

Overvalued / MonitorQuality is not strong enough to offset the price risk.

!Fair value $12.04 · Overvalued (−15.8%)
✓Quality 65/100
!Weak Growth (revenue 3y +1.4 %/yr)
!Thin margins · 3.1% net margin (TTM)
✓Moderate debt · generates free cash flow
✓1.6% dividend yield · Well covered
!Moderate moat 60/100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$20.17 $2.37 Fair Value $12.04 Mar 2018 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range $2.37 – $20.17 · fair‑value band $9.03 – $15.04 · the $14.30 price screens above the $12.04 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

dormakaba Holding AG provides access and security solutions worldwide.

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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 electronic, Mauer electronic, Mauer mechanical, LA GARD mechanical, X-0 series brands. In addition, it offers access control, accessibility, fire protection, hygiene and infection prevention, mobile access, people flow and security, touch-free access, and automatic door systems solutions. The company serves the airport, healthcare, hospitality, multihousing, office, residential, and utilities industries. dormakaba Holding AG was founded in 1862 and is headquartered in Rümlang, Switzerland.

Stock analysis

dormakaba Holding (DRMKY) currently trades at $14.30, while our model-based Fair Value estimate is $12.04, 15.8% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of $15.78 per share, and 12 of the 25 models we run sit above the $14.30 price.

Bear case: the Asset-Based group reads lowest at $1.56, and 13 of the 25 models stay below the price. Evidence for this calculation is high.

Scenario range: $9.03 (bear) to $15.04 (bull), the price of $14.30 sits inside 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 Industrials sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

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.

Key figures

Market cap $2.7B · P/E ratio 26.4 · P/S ratio 0.90 · EPS (TTM) $0.5300 · Dividend yield 1.6% · Net margin 3.4% · Return on equity 43.1% · Return on assets (EBIT) 10.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).

What moves the price

The share trades about 23% below its 52-week high and 503% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at −16%, DRMKY screens cheaper than that median.

Fair Value models

Bear $9.03 Fair Value $12.04 Bull $15.04
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 12 months old). Earnings retained since then ($0.2964 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.
Highest evidence
FCF DCF $10.89 $15.78 $22.56 80
Growth DCF $11.15 $15.60 $21.48 79
Owner Earnings $7.13 $10.35 $14.83 76
All 25 models by family
DCF Models
FCF DCF $10.89 $15.78 $22.56 80
Owner Earnings $7.13 $10.35 $14.83 76
5Y Revenue Exit $13.25 $21.09 $30.86 72
5Y EBITDA Exit $16.48 $26.90 $38.69 75
5Y P/E Exit $8.87 $13.20 $17.52 71
10Y Revenue Exit $11.80 $18.54 $27.11 66
10Y EBITDA Exit $14.22 $22.40 $32.75 68
10Y P/E Exit $9.55 $13.29 $17.51 64
Earnings-Based
Graham-Dodd $3.86 $9.78 $12.71 65
PEG = 1.0 $1.81 $2.59 $3.36 57
EPV $12.87 $14.93 $16.71 74
Dividend Discount
Gordon GGM $1.71 $3.15 $5.04 66
DDM Multi-Stage $1.71 $2.55 $3.43 66
Multiples
P/E Multiple $8.95 $11.93 $14.92 63
P/S Multiple $7.25 $9.66 $12.08 58
P/B Multiple $7.25 $9.66 $12.08 55
EV/EBIT $21.93 $29.30 $36.67 66
EV/EBITDA $22.59 $30.18 $37.77 67
EV/Revenue $15.60 $22.36 $29.12 53
Asset-Based
NCAV (Graham) $1.16 $1.56 $2.33 54
Growth DCF
Growth DCF $11.15 $15.60 $21.48 79
Rev-Margin DCF $13.25 $21.13 $29.69 72
Economic Profit
Residual Income $3.24 $3.98 $6.09 75
ROIC Compounder $13.25 $15.82 $18.33 72
Growth Earnings
Growth-Adj P/E $6.92 $9.89 $12.86 67

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Quality Score breakdown

Overall quality 65/100

Of which business quality 61 · Market factors (momentum, volatility) 44

Profitability 69
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 86
Share count: buybacks or dilution?

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Revenue & earnings trend

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
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+1.2%
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.
+1.4%
Revenue growth 11 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.
+10.0%
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+22.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.8%
Dividend (yield on the price)1.6%
Profit margin 2019 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.13% → 10%
2025 sits 134% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

DRMKY screens overvalued: fair value 16% below the price. Compare with Trane Technologies plc →

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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.Building Products & Equipment · 251 stocks

Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 65 · Top 25%
Fair Value upside +12.3% · Above median
Profitability
Return on equity (TTM) 43.1% · Top 25%
Return on assets 10.1% · Top 25%
Net margin (TTM) 3.1% · Below median
Operating margin (TTM) 9.5% · Above median
Growth and dividend
Revenue growth −4.1% · Below median
Dividend yield (TTM) 1.6% · Below median
Balance sheet
Debt / equity 1.19× · Highest 25%

Valuation Multiplesvs Building Products & Equipment median · lower = cheaper

P/E (TTM) 26.4× · Pricier than median
P/B 6.64× · Priciest 25%
P/S (TTM) 0.95× · Cheaper than median
P/FCF 16.9× · Pricier than median
EV/EBITDA 7.1× · Cheaper than median

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate.

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Johnson Controls International plc JCI $148.89 $39.93 −73%
Carrier Global Corporation CARR $55.38 $19.38 −65%
Compagnie de Saint-Gobain S.A SGO €67.10 €93.79 +40%
Geberit AG GEBN CHF 538.00 CHF 303.40 −44%
Kingspan Group KRX €97.05 €68.47 −29%
Masco Corporation MAS $68.85 $56.94 −17%
Carlisle Companies Incorporated CSL $325.21 $347.14 +7%
Lennox International Inc LII $368.41 $302.52 −18%
Madison Air Solutions Corporation MAIR $24.97 $20.32 −19%

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dormakaba Holding · Fair Value
$12.04 −16%Fair Value
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Cite: Fair Value Calculator (2026). "dormakaba Holding Fair Value". https://www.fairvalue-calculator.com/stock/DRMKY

Frequently asked questions

Is dormakaba Holding (DRMKY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $12.04 versus a price of $14.30, about −16% upside (overvalued).
What is the fair value of DRMKY?
Our model-based fair value for dormakaba Holding is $12.04 (as of Sep 24, 2026), built from audited fundamentals. The current price: $14.30.
What is the quality score of DRMKY?
dormakaba Holding 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 dormakaba Holding (DRMKY)?
Our model-based price target is the fair value of $12.04 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario $9.03, optimistic scenario $15.04. It is a calculation from audited fundamentals, not an analyst target.
What is the dormakaba Holding stock forecast for 2026?
Our models put fair value at $12.04, about −16% upside versus a price of $14.30 (overvalued). Cautious scenario $9.03, optimistic scenario $15.04. The calculation is refreshed regularly with new filings.
What is the revenue of dormakaba Holding (DRMKY)?
dormakaba Holding reported trailing-twelve-month revenue of about CHF 2.8B (latest available figure, as of Sep 24, 2026).
Does dormakaba Holding pay a dividend?
dormakaba Holding currently shows a dividend yield of about 1.63% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of dormakaba Holding (DRMKY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For dormakaba Holding it is $12.04 per share (as of Sep 24, 2026), against a price of $14.30. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is dormakaba Holding stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DRMKY trades above its calculated fair value: price $14.30, fair value $12.04, a gap of about −16% (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 DRMKY?
No. The price is what the market pays today ($14.30); the fair value is what the company's own numbers justify ($12.04). For dormakaba Holding the two are $2.26 per share apart. That gap is exactly why we show both numbers side by side.
How much is dormakaba Holding worth?
The market values dormakaba Holding at about $2.7B (market capitalisation, as of Sep 24, 2026). Per share that is $14.30; our models calculate a fair value of $12.04 per share.
What do the bullish and bearish scenarios say about DRMKY?
Our models span a range for dormakaba Holding: cautious scenario $9.03, base $12.04, optimistic $15.04 per share (as of Sep 24, 2026, price $14.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DRMKY?
dormakaba Holding trades at a price-to-earnings ratio of 26.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.04 is built from several models across several years. Other multiples: P/B 6.6, P/S 0.9, EV/EBITDA 7.1.
How solid is the balance sheet of dormakaba Holding (DRMKY)?
Balance-sheet figures for dormakaba Holding (as of Sep 24, 2026): return on equity 43.1%, debt of 1.19 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is DRMKY from its 52-week high?
dormakaba Holding trades at $14.30, about 23% below its 52-week high of $18.68 and 503% above the low of $2.37 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $12.04 is for.
Which stocks are comparable to dormakaba Holding?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain 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 dormakaba Holding stock attractive at the current price?
The data as of Sep 24, 2026: price $14.30, calculated fair value $12.04 (−16%), Quality Score 65/100, from 25 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 DRMKY calculated?
We run dormakaba Holding through 25 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 $12.04, 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. dormakaba Holding 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 dormakaba Holding (DRMKY)?
The closing price on Oct 2, 2026 was $14.30. Our model-based fair value is $12.04, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with dormakaba Holding right now?
Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.

Key figures of dormakaba Holding

How large is the market capitalisation of dormakaba Holding (DRMKY)?
The market capitalisation of dormakaba Holding is $2.7B. 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 dormakaba Holding (DRMKY)?
The price-to-sales ratio of dormakaba Holding is 0.90 (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 dormakaba Holding (DRMKY)?
Earnings per share at dormakaba Holding are $0.5300 (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 dormakaba Holding (DRMKY)?
The dividend yield of dormakaba Holding is 1.6% (payout 44.1%). 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 dormakaba Holding (DRMKY)?
The net margin of dormakaba Holding is 3.4% (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 dormakaba Holding (DRMKY)?
The return on equity (ROE) of dormakaba Holding is 43.1% (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 dormakaba Holding (DRMKY)?
On an EBIT basis the return on assets of dormakaba Holding is 10.4% (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 dormakaba Holding (DRMKY)?
The operating margin of dormakaba Holding is 9.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at dormakaba Holding (DRMKY)?
Revenue at dormakaba Holding is growing −4.1% versus a year earlier (3y avg +1.4%). 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 dormakaba Holding (DRMKY)?
Earnings per share at dormakaba Holding are growing −19.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does dormakaba Holding (DRMKY) generate?
The free cash flow of dormakaba Holding is CHF 157M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does dormakaba Holding (DRMKY) carry?
The net debt of dormakaba Holding is CHF 355M (fiscal year 2025, ≈ 2.3 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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