Infineon Technologies AG (IFX) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Infineon Technologies AG stock €17.36, price €45.95, that is 62.2% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Our calculation puts a fair price 62% below what the stock costs today.
Low debt
Generates free cash flow
0.8% dividend yield · Well covered
Broad data
Profit last quarter +40% vs. a year ago.
Quality 56/100
Mixed Growth(revenue 5y +11.3 %/yr in EUR)
Thin margins · 7.8% net margin (TTM)
Mixed vs. peers(6/15)
Moderate moat51/100
Neutral coverage
Fair value €17.36 · Strongly overvalued (−62.2%)
⟳ Cyclical
Risks from the AI analysis
🚩Price drop: Sector-wide doubts about AI infrastructure spending returns amid higher interest rates🚩Chinese and Japanese rivals expand in SiC and GaN🚩In-package power regulation by chipmakers🚩US tariffs disadvantage without domestic fab
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range €20.31 – €88.00 · fair‑value band €9.44 – €25.07 · the €45.95 price screens above the €17.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Infineon Technologies AG develops, manufactures, and markets semiconductors and semiconductor-based solutions in Germany, Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, the Asia-Pacific, Japan, the United States, and the Americas.
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The Automotive segment offers automotive and industrial microcontrollers; analog and memory ICs; ethernet; power diodes and modules; power switches; sensors; transceivers; and voltage regulators for assistance and safety systems, comfort electronics, infotainment, powertrain, and security applications.
Its Green Industrial Power segment provides discrete and bare die IGBTs; IGBT modules; and SiC discretes and modules for air conditioning technology, energy generation and storage, energy transmission, home appliances, industrial drives, industrial power supplies and vehicles, and traction applications.
The Power & Sensor Systems segment offers 3D ToF sensors; chips for gas and pressure sensors, and MEMS microphones; control ICs; customized chips; discrete low-, mid-, and high-voltage power MOSFETs; ESD protection diodes; GaN power switches; GPS low-noise amplifiers; low- and high-voltage driver ICs; radar sensor ICs; RF antenna switches and power transistors; SiC diode and MOSFETs; and USB controllers for audio amplifiers, automotive electronics, BLDC motors, cellular communications infrastructure, charging stations for electric vehicles, human machine interaction, IoT, LED and conventional lighting systems, microinverters, mobile devices, power management, and harsh environment applications.
Its Connected Secure Systems segment provides connectivity solutions, embedded security controllers, microcontrollers, and security controllers for authentication, automotive, consumer electronics, government identification document, IoT, mobile communication, payment system, ticketing, access control, and trusted computing applications.
The company was founded in 1952 and is headquartered in Neubiberg, Germany.
Stock analysis
Infineon Technologies AG (IFX) currently trades at €45.95, while our model-based Fair Value estimate is €17.36, 62% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €21.87 per share, and 1 of the 26 models we run sit above the €45.95 price.
Bear case: the Asset-Based group reads lowest at €3.06, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: €9.44 (bear) to €25.07 (bull), the price of €45.95 sits above 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 56/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2009: revenue and profit before it include the divested business. Growth is measured afresh from 2009.
Infineon Technologies AG reported revenue of €14.7B in FY2025 versus €11.1B in FY2021, a compound +7.3%/yr. Reported net income was €1.0B in FY2025, compounding −3.5%/yr from FY2021.
Key figures
Market cap €62.3B Large · P/E ratio 49.4 · P/S ratio 4.49 · EPS (TTM) €0.9300 · Dividend yield 0.8% · Net margin 7.8% · Return on equity 7.0% · Return on assets (EBIT) 9.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (medium confidence).
What moves the price
The share trades about 48% below its 52-week high and 46% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at −62%, IFX screens richer than that median.
Fair Value models
Bear€9.44Fair Value €17.36Bull€25.07
Price €45.95 · Downside -62.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (€0.5800 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.Coverage ⓘCoverage = 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.
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.55/100
Spin-off in 2009: revenue and profit before it include the divested business. Growth is measured afresh from 2009.
Revenue growth 1 year
−2.0%
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.
+1.0%
Revenue growth 5 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.
+11.3%
Start year 2020 (pandemic). Over 10 years: +9.7% a year
Revenue growth 16 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.
+10.4%
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What shareholders gained per year (last 5 years) ⓘ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. Basis: EBIT basis.
+12.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.0%
Dividend (yield on the price)0.8%
Per share before 2009divided by the spin-off factor 1.1216
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.8% vs 3.3%, steady
Profit margin 2020 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.6% → 14%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+29.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +26.4% a year for the price and +12.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Moderate business quality shows mixed pricing power and governance signals from margins and cash flow while other areas lack clear durable advantages.
Main risk: Chinese makers such as Innoscience, JieJie and MacMic plus a potential merger of Rohm, Toshiba and Mitsubishi could add low-cost capacity and challenge Infineon's pricing power in power semiconductors for data centers and automotive.
Bull case: By combining its broad SiC, GaN and silicon portfolio with the C2i acquisition and close NVIDIA collaboration on 800 VDC architectures, Infineon could capture more system-level content and defend margins even if discrete content per rack declines.
Bear case: If Asian capacity surges and in-package architectures gain traction while tariffs raise costs, Infineon could lose share in high-growth AI power segments and see sustained margin pressure across its power semiconductor business.
Infineon is expanding its gallium nitride capabilities with a major new European fab and fresh supply deals targeting AI data center power needs. Yet the stock has slid sharply on sector-wide doubts about whether heavy AI infrastructure spending will generate adequate near-term returns amid higher interest rates. Our models currently see the shares as overvalued. Will the company's execution on these power technologies outpace the broader financing concerns, or will sentiment continue to weigh on the valuation?
Compare Infineon Technologies AG with another stock
Price, fair value, quality and upside side by side.
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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.Semiconductors · 371 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−62.2% · Below median
Profitability
Return on equity (12 months)7.0% · Above median
Return on assets3.3% · Above median
Net margin (12 months)7.8% · Below median
Operating margin (12 months)14.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)12.6% · Below median
Dividend yield (12 months)0.8% · Below median
Balance sheet
Debt / equity0.34× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)49.4× · Pricier than median
P/B4.10× · Pricier than median
P/S (12 months)4.49× · Pricier than median
Price / free cash flow49.3× · Pricier than median
EV/EBITDA17.7× · Cheaper than median
PEG0.53× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)63· sector 100
PAST (return on equity)28· sector 28
HEALTH (low debt)83· sector 96
DIVIDEND (yield)15· sector 20
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Infineon Technologies AG Fair Value". https://www.fairvalue-calculator.com/stock/IFX
Frequently asked questions
Is Infineon Technologies AG (IFX) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €17.36 versus a price of €45.95, about 62% lower (overvalued).
What is the fair value of IFX?
Our model-based fair value for Infineon Technologies AG is €17.36 (as of Nov 5, 2026), built from audited fundamentals. The current price: €45.95.
What is the quality score of IFX?
Infineon Technologies AG has a Quality Score of 56/100. 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 Infineon Technologies AG (IFX)?
Our model-based price target is the fair value of €17.36 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario €9.44, optimistic scenario €25.07. It is a calculation from audited fundamentals, not an analyst target.
What is the Infineon Technologies AG stock forecast for 2026?
Our models put fair value at €17.36, about 62% lower versus a price of €45.95 (overvalued). Cautious scenario €9.44, optimistic scenario €25.07. The calculation is refreshed regularly with new filings.
What is the revenue of Infineon Technologies AG (IFX)?
Infineon Technologies AG reported trailing-twelve-month revenue of about €15.6B (latest available figure, as of Nov 5, 2026).
Does Infineon Technologies AG pay a dividend?
Infineon Technologies AG currently shows a dividend yield of 0.76% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Infineon Technologies AG (IFX)?
For today's price to be fair in a discounted-cash-flow model, Infineon Technologies AG would have to grow free cash flow by +29.1 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.4 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of IFX use?
Our models discount Infineon Technologies AG at 11.0 %: a base by market capitalisation (large), damped by beta 1.91, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Infineon Technologies AG that is +29.1 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Infineon Technologies AG (IFX) delivered so far?
Over the past 5 years revenue at Infineon Technologies AG grew +11.4 % a year. The price currently implies +29.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Infineon Technologies AG (IFX) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Infineon Technologies AG (+29.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Infineon Technologies AG (IFX)?
The free-cash-flow yield on the price is 2.34 %: that much free cash flow Infineon Technologies AG produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Infineon Technologies AG (IFX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Infineon Technologies AG it is €17.36 per share (as of Nov 5, 2026), against a price of €45.95. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Infineon Technologies AG stock overvalued or undervalued in 2026?
As of Nov 5, 2026, IFX trades above its calculated fair value: price €45.95, fair value €17.36, a gap of about −62% (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 IFX?
No. The price is what the market pays today (€45.95); the fair value is what the company's own numbers justify (€17.36). For Infineon Technologies AG the two are €28.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is Infineon Technologies AG worth?
The market values Infineon Technologies AG at about €62.3B (market capitalisation, as of Nov 5, 2026). Per share that is €45.95; our models calculate a fair value of €17.36 per share.
What do the bullish and bearish scenarios say about IFX?
Our models span a range for Infineon Technologies AG: cautious scenario €9.44, base €17.36, optimistic €25.07 per share (as of Nov 5, 2026, price €45.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IFX?
Infineon Technologies AG trades at a price-to-earnings ratio of 49.4 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €17.36 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 27.3. Other multiples: PEG 0.5, P/B 4.1, P/S 4.5, EV/EBITDA 17.7.
What is the PEG ratio of IFX?
The PEG ratio of Infineon Technologies AG is 0.53 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Infineon Technologies AG (IFX)?
Balance-sheet figures for Infineon Technologies AG (as of Nov 5, 2026): return on equity 7.0%, debt of 0.34 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is IFX from its 52-week high?
Infineon Technologies AG trades at €45.95, about 48% below its 52-week high of €88.00 and 46% above the low of €31.45 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €17.36 is for.
Which stocks are comparable to Infineon Technologies AG?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 Infineon Technologies AG stock attractive at the current price?
The data as of Nov 5, 2026: price €45.95, calculated fair value €17.36 (−62%), Quality Score 56/100, from 26 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 IFX calculated?
We run Infineon Technologies AG through 26 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 €17.36, 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 15.5% above its aggregate fair value. Infineon Technologies AG 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 Infineon Technologies AG (IFX)?
The closing price on Nov 5, 2026 was €45.95. Our model-based fair value is €17.36, about 62% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Infineon Technologies AG right now?
The price sits above even our optimistic bull case (€25.07). The favourable scenario is already priced in. The model range is unusually wide (€9.44 to €25.07). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Infineon Technologies AG
How large is the market capitalisation of Infineon Technologies AG (IFX)?
The market capitalisation of Infineon Technologies AG is €62.3B. 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 Infineon Technologies AG (IFX)?
The price-to-sales ratio of Infineon Technologies AG is 4.49 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Infineon Technologies AG (IFX)?
Earnings per share at Infineon Technologies AG are €0.9300 (price ÷ EPS = P/E 49.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Infineon Technologies AG (IFX)?
The dividend yield of Infineon Technologies AG is 0.8% (payout 37.6%). 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 Infineon Technologies AG (IFX)?
The net margin of Infineon Technologies AG is 7.8% (last twelve months). 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 Infineon Technologies AG (IFX)?
The return on equity (ROE) of Infineon Technologies AG is 7.0% (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 Infineon Technologies AG (IFX)?
On an EBIT basis the return on assets of Infineon Technologies AG is 9.4% (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 Infineon Technologies AG (IFX)?
The operating margin of Infineon Technologies AG is 14.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Infineon Technologies AG (IFX)?
Revenue at Infineon Technologies AG is growing +12.6% versus a year earlier (3y avg +1.0%). 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 Infineon Technologies AG (IFX)?
Earnings per share at Infineon Technologies AG are growing +39.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Infineon Technologies AG (IFX) carry?
The net debt of Infineon Technologies AG is €5.9B (fiscal year 2025, ≈ 4.1 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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Broad data
Nov 5, 2026