HORNBACH Holding (HBH) Fair Value & Analysis
Consumer Cyclical · DE · Market cap €1.2B
Fair value as of: Jul 14, 2026
From 26 valuation models · updated 26 days ago
Fair value updated Jul 14, 2026, revised from €177.61 to €177.96 (+0.2%) since Jun 25, 2026. Share price +12.3% over the past month.
A solid business, screening 108% undervalued on our models.
What matters now
- The price is below even our cautious bear case (€113.07). The market is more pessimistic than our downside scenario.
- Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (€113.07 to €237.89) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range €51.08 – €119.52 · fair‑value band €113.07 – €237.89 · the €85.40 price screens below the €177.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
HORNBACH Holding (HBH) currently trades at €85.40, while our model-based Fair Value estimate is €177.96, implying the stock looks roughly 108.4% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, HORNBACH Holding generated revenue of €6.4B at a net margin of 2.2%. Revenue grew 3.8% year over year. It earns a return on equity of 6.9%. Net debt stands at €1.3B. Fundamentals as of Jul 14, 2026
Our scenario range runs from €113.07 (bear case) to €237.89 (bull case); at €85.40, the current price sits below 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 about 21% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -21% fair-value upside, at 108%, HBH screens cheaper 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 26 models by family
Widest divergence: Multiples (€190.31) versus Dividend Discount (€27.38). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 47
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
HORNBACH Holding AG & Co. KGaA, through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries. The company offers hardware/electrical, paint/wallpaper/flooring, construction materials/timber/prefabricated components, sanitary/tiles, and garden products.
Full company description
HORNBACH Holding AG & Co. KGaA, through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries. The company offers hardware/electrical, paint/wallpaper/flooring, construction materials/timber/prefabricated components, sanitary/tiles, and garden products. It also stocks and supplies various construction materials and tools; and offers professional advice for various product ranges and lines of trade, including shell construction and roofing, interior fittings and facades, and civil engineering, and garden and landscape construction materials for construction, or refurbishment renovation and modernization projects. In addition, the company develops retail real estate properties, as well as sell building materials. Further, it operates HORNBACH online stores. The company was founded in 1877 and is based in Bornheim, Germany.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
HORNBACH Holding reported revenue of €6.4B in FY2026 versus €5.9B in FY2022, a compound +2.3%/yr. Reported net income was €138M in FY2026, compounding −8.8%/yr from FY2022.
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- HORNBACH Holding AG and Co KGaA (WBO:HBH) Q1 2027 Earnings Call Highlights: Record Sales and ...
- Is It Too Late To Consider Buying HORNBACH Holding AG & Co. KGaA (ETR:HBH)?
- HORNBACH Holding Outlines DIY Growth Strategy, Serbia Expansion Plans at German Select Conference
- Allego and HORNBACH to create at least 160 fast-charging stations at 20 DIY stores in 2026
Peer Group
Home Improvement Retail · 36 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 Home Improvement Retail 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.
Insider activity: 45/100
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 Home Improvement Retail stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| The Home Depot, Inc HD | $337.74 | $236.85 | -30% |
| Lowe's Companies, Inc LOW | $209.66 | $186.32 | -11% |
| Wesfarmers Limited WES | A$92.80 | A$50.50 | -46% |
| Floor & Decor Holdings FND | $56.40 | $32.81 | -42% |
| Mr D.I.Y. Group 5296 | 1.70 MYR | 1.47 MYR | -14% |
| Home Product Center Public Company HMPROR | 6.65 THB | 6.31 THB | -5% |
| Siam Global House Public Company GLOBAL | 7.50 THB | 5.96 THB | -21% |
| Dohome Public Company DOHOME | 3.86 THB | 2.90 THB | -25% |
| Haverty Furniture Companies, Inc HVT | $25.66 | $22.53 | -12% |
| Test-Rite International Co 2908 | 22.00 TWD | 9.18 TWD | -58% |
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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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