Klingelnberg AG (KLIN) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Klingelnberg AG CHF 10.23, price CHF 10.30, upside -0.7%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range CHF 9.81 – CHF 23.89 · fair‑value band CHF 7.01 – CHF 13.25 · the CHF 10.30 price screens above the CHF 10.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Klingelnberg AG develops, manufactures, and sells machines for bevel and cylindrical gear machining, and measuring centers for axially symmetrical objects and gears in Germany, Switzerland, Japan, the United States, and internationally. It operates through Bevel Gear, Cylindrical Gear, Measuring Centers, Drive Technology, and Other segments.
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Klingelnberg AG develops, manufactures, and sells machines for bevel and cylindrical gear machining, and measuring centers for axially symmetrical objects and gears in Germany, Switzerland, Japan, the United States, and internationally. It operates through Bevel Gear, Cylindrical Gear, Measuring Centers, Drive Technology, and Other segments. The company offers tool management, bevel gear cutting, bevel gear grinding, bevel gear lapping, and bevel gear testing machines, as well as related software, tools and fixtures, after sales services, and tool management products. It also provides cylindrical gear grinding and roll testing machines, machine operating software, and after sales service; and precision measuring centers, application products, and accessories, as well as gear, general coordinate, form and position, roughness, contour, and optical measurement products. In addition, the company offers customized bevel gears; range of engineering services, including bearing-pattern optimization, calculations, design and simulation of gear components, and determination of static and dynamic factors of the complete system; and digital solutions, which include smart tooling and process control, machine status analyzer, OPC UA UMATI, machine gate, and smart factory. It serves automotive, maritime propulsion, rail, mining/materials handling, oil and gas, agriculture, racing transmission, robot, aviation, electromobility, and wind power industries, as well as crusher gearboxes, commercial vehicles, industrial gear units, and contract manufacturers. The company was formerly known as Oerlikon Geartec AG Klingelnberg AG and changed its name to Klingelnberg AG in March 2004. Klingelnberg AG was founded in 1863 and is headquartered in Zurich, Switzerland.
Stock analysis
Klingelnberg AG (KLIN) currently trades at CHF 10.30, while our model-based Fair Value estimate is CHF 10.23, implying the stock looks roughly 0.7% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of CHF 13.76 per share, and 13 of the 24 models we run sit above the CHF 10.30 price.
Bear case: the Growth DCF group reads lowest at CHF 4.16, and 11 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: CHF 7.01 (bear) to CHF 13.25 (bull), the price of CHF 10.30 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 55/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Klingelnberg AG reported revenue of €285M in FY2026 versus €159M in FY2022, a compound +15.8%/yr. Reported net income was €5.8M in FY2026.
Key figures
Market cap CHF 91.1M · P/E ratio 16.9 · P/S ratio 0.34 · EPS (TTM) CHF 0.6100 · Dividend yield 5.1% · Net margin 2.0% · Return on equity 4.1% · Return on assets (EBIT) 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −1%, KLIN screens cheaper than that median.
Fair Value models
Bear CHF 7.01Fair Value CHF 10.23Bull CHF 13.25
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 2026 figures (about 6 months old). Earnings retained since then (CHF 0.0424 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.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.
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
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−7.7%
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.
−2.8%
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.
+12.5%
Start year 2021 (pandemic)
Revenue growth 9 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.
+2.4%
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What shareholders gained per year (last 3 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 3 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.
−27.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.7%
Dividend (yield on the price)5.1%
Profit margin 2021 to 2026 ⓘ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.−8% → 3%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+45.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +42.5% a year for the price.
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.Specialty Industrial Machinery · 827 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−1% · Above median
Profitability
Return on equity (TTM)4% · Below median
Return on assets2% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)13% · Above median
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)5.1% · Top 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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). "Klingelnberg AG Fair Value". https://www.fairvalue-calculator.com/stock/KLIN
Frequently asked questions
Is Klingelnberg AG (KLIN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of CHF 10.23 versus a price of CHF 10.30, about −1% upside (fairly valued).
What is the fair value of KLIN?
Our model-based fair value for Klingelnberg AG is CHF 10.23 (as of Sep 23, 2026), built from audited fundamentals. The current price: CHF 10.30.
What is the quality score of KLIN?
Klingelnberg AG has a Quality Score of 55/100. 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 Klingelnberg AG (KLIN)?
Our model-based price target is the fair value of CHF 10.23 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario CHF 7.01, optimistic scenario CHF 13.25. It is a calculation from audited fundamentals, not an analyst target.
What is the Klingelnberg AG stock forecast for 2026?
Our models put fair value at CHF 10.23, about −1% upside versus a price of CHF 10.30 (fairly valued). Cautious scenario CHF 7.01, optimistic scenario CHF 13.25. The calculation is refreshed regularly with new filings.
What is the revenue of Klingelnberg AG (KLIN)?
Klingelnberg AG reported trailing-twelve-month revenue of about €285M (latest available figure, as of Sep 23, 2026).
Does Klingelnberg AG pay a dividend?
Klingelnberg AG currently shows a dividend yield of about 5.08% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Klingelnberg AG (KLIN)?
For today's price to be fair in a discounted-cash-flow model, Klingelnberg AG would have to grow free cash flow by +45.6 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of KLIN use?
Our models discount Klingelnberg AG at 11.9 %: a base by market capitalisation (micro), damped by beta 0.82, country premium for Switzerland. 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 Klingelnberg AG that is +45.6 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Klingelnberg AG (KLIN) delivered so far?
Over the past 5 years revenue at Klingelnberg AG grew +12.5 % a year. The price currently implies +45.6 % 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 Klingelnberg AG (KLIN) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Klingelnberg AG (+45.6 % 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 Klingelnberg AG (KLIN)?
The free-cash-flow yield on the price is 1.28 %: that much free cash flow Klingelnberg AG produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Klingelnberg AG (KLIN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Klingelnberg AG it is CHF 10.23 per share (as of Sep 23, 2026), against a price of CHF 10.30. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Klingelnberg AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, KLIN trades above its calculated fair value: price CHF 10.30, fair value CHF 10.23, a gap of about −1% (fairly valued). 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 KLIN?
No. The price is what the market pays today (CHF 10.30); the fair value is what the company's own numbers justify (CHF 10.23). For Klingelnberg AG the two are CHF 0.0700 per share apart. That gap is exactly why we show both numbers side by side.
How much is Klingelnberg AG worth?
The market values Klingelnberg AG at about CHF 91.1M (market capitalisation, as of Sep 23, 2026). Per share that is CHF 10.30; our models calculate a fair value of CHF 10.23 per share.
What do the bullish and bearish scenarios say about KLIN?
Our models span a range for Klingelnberg AG: cautious scenario CHF 7.01, base CHF 10.23, optimistic CHF 13.25 per share (as of Sep 23, 2026, price CHF 10.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KLIN?
Klingelnberg AG trades at a price-to-earnings ratio of 16.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 10.23 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.4, EV/EBITDA 6.4.
How solid is the balance sheet of Klingelnberg AG (KLIN)?
Balance-sheet figures for Klingelnberg AG (as of Sep 23, 2026): return on equity 4.1%, debt of 0.08 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is KLIN from its 52-week high?
Klingelnberg AG trades at CHF 10.30, about 23% below its 52-week high of CHF 13.30 and 3% above the low of CHF 10.00 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 10.23 is for.
Which stocks are comparable to Klingelnberg AG?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Klingelnberg AG stock attractive at the current price?
The data as of Sep 23, 2026: price CHF 10.30, calculated fair value CHF 10.23 (−1%), Quality Score 55/100, from 24 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 KLIN calculated?
We run Klingelnberg AG through 24 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 CHF 10.23, 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 14.0 % above its aggregate fair value. Klingelnberg 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 Klingelnberg AG (KLIN)?
The closing price on Sep 24, 2026 was CHF 10.30. Our model-based fair value is CHF 10.23, about −1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Klingelnberg AG right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (CHF 7.01 to CHF 13.25) leaves room in how you read the outcome.
Key figures of Klingelnberg AG
How large is the market capitalisation of Klingelnberg AG (KLIN)?
The market capitalisation of Klingelnberg AG is CHF 91.1M. 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 Klingelnberg AG (KLIN)?
The price-to-sales ratio of Klingelnberg AG is 0.34 (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 Klingelnberg AG (KLIN)?
Earnings per share at Klingelnberg AG are CHF 0.6100 (price ÷ EPS = P/E 16.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Klingelnberg AG (KLIN)?
The dividend yield of Klingelnberg AG is 5.1% (payout 85.7%). 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 Klingelnberg AG (KLIN)?
The net margin of Klingelnberg AG is 2.0% (fiscal year 2026). 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 Klingelnberg AG (KLIN)?
The return on equity (ROE) of Klingelnberg AG is 4.1% (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 Klingelnberg AG (KLIN)?
On an EBIT basis the return on assets of Klingelnberg AG is 1.7% (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 Klingelnberg AG (KLIN)?
The operating margin of Klingelnberg AG is 12.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Klingelnberg AG (KLIN)?
Revenue at Klingelnberg AG is growing −0.2% versus a year earlier (3y avg −2.8%). 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 Klingelnberg AG (KLIN)?
Earnings per share at Klingelnberg AG are growing +71.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Klingelnberg AG (KLIN) carry?
The net debt of Klingelnberg AG is €28.8M (fiscal year 2026, ≈ 23.3 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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