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KSB SE (KSB) Fair Value & Analysis

Industrials · DE · Market cap €1.6B

KS KSB SE KSB · XETRA
Price€942.00
Fair Value€1,432
Upside+52.0%
Quality56/100
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Expensive Growth
Thin margins · 4.6% net margin
Low debt · generates free cash flow
2.75% dividend yield
Ranks above peers (11/15)
Narrow moat 38/100
Evidence: Medium Range €896.25 – €2,003 Share as image

Fair value as of: Jul 18, 2026

From 25 valuation models · updated 22 days ago

Fair value updated Jul 18, 2026, revised from €1,416 to €1,432 (+1.2%) since Jul 5, 2026. Share price +4.4% over the past month.

A solid business, screening 52% undervalued on our models.

What matters now

  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€896.25 to €2,003) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€1,282 €207.93 Fair Value €1,432 Aug 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €207.93 – €1,282 · fair‑value band €896.25 – €2,003 · the €942.00 price screens below the €1,432 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

KSB SE (KSB) currently trades at €942.00, while our model-based Fair Value estimate is €1,432, implying the stock looks roughly 52.0% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, KSB SE generated revenue of €3.1B at a net margin of 4.6%. Revenue grew 3.0% year over year. It earns a return on equity of 12.2%. The balance sheet holds a net cash position of €278M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €896.25 (bear case) to €2,003 (bull case); at €942.00, the current price sits within 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 28% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 52%, KSB 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €397.50 €460.58 €535.09 80
Residual Income €579.51 €652.69 €1,025 76
Rev-Margin DCF €916.64 €1,413 €1,935 74
All 25 models by family
DCF Models
FCF DCF €394.01 €463.26 €548.74 38
Owner Earnings €622.98 €771.21 €954.22 31
5Y Revenue Exit €916.64 €1,419 €2,047 39
5Y EBITDA Exit €1,195 €1,912 €2,720 41
5Y P/E Exit €922.05 €1,428 €1,935 38
10Y Revenue Exit €662.38 €1,040 €1,521 36
10Y EBITDA Exit €849.30 €1,345 €1,969 37
10Y P/E Exit €693.58 €1,046 €1,447 35
Earnings-Based
Graham-Dodd €547.08 €1,271 €1,634 54
PEG = 1.0 €215.70 €308.14 €400.58 46
EPV €883.04 €977.10 €1,055 59
Dividend Discount
Gordon GGM €206.73 €318.66 €428.36 70
DDM Multi-Stage €206.73 €287.91 €366.13 61
Multiples
P/E Multiple €1,267 €1,690 €2,112 63
P/S Multiple €1,026 €1,368 €1,710 58
P/B Multiple €1,026 €1,368 €1,710 55
EV/EBIT €1,836 €2,384 €2,932 53
EV/EBITDA €1,996 €2,597 €3,198 54
EV/Revenue €1,366 €1,869 €2,371 43
Asset-Based
NCAV (Graham) €331.41 €444.08 €662.81 50
Growth DCF
Growth DCF €397.50 €460.58 €535.09 80
Rev-Margin DCF €916.64 €1,413 €1,935 74
Economic Profit
Residual Income €579.51 €652.69 €1,025 76
ROIC Compounder €903.14 €1,032 €1,165 72
Growth Earnings
Growth-Adj P/E €955.99 €1,366 €1,775 68

Widest divergence: Multiples (€1,690) versus Dividend Discount (€287.91). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €3.1B
Revenue growth (YoY) +3.0%
Net margin 4.6%
Return on equity 12.2%
Free cash flow €39.8M FY2025
P/E ratio 11.6
More key figures
Operating margin -1.8%
EPS (TTM) €80.30
Dividend yield 2.8%
EPS growth (YoY) +38.7%
Net cash €278M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 45

Profitability 47
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

KSB SE & Co. KGaA, together with its subsidiaries, supplies pumps, valves, and related services worldwide. The company operates through three segments: Pumps, Valves, and KSB SupremeServ. The Pumps segment offers single-stage and multistage pumps, as well as submersible pumps, and associated control and drive systems.

Full company description

KSB SE & Co. KGaA, together with its subsidiaries, supplies pumps, valves, and related services worldwide. The company operates through three segments: Pumps, Valves, and KSB SupremeServ. The Pumps segment offers single-stage and multistage pumps, as well as submersible pumps, and associated control and drive systems. The Valves segment provides butterfly valves, globe valves, gate valves, control valves, diaphragm valves and ball valves, and associated actuators and control systems. The KSB SupremeServ segment is involved in the spare parts business for pumps and valves. This segment also engages in the installation, commissioning, inspection, servicing, maintenance, reverse engineering and repair of pumps, related systems and valves; and modular service concepts and system analyses for complete plants. The company was formerly known as KSB Aktiengesellschaft and changed its name to KSB SE & Co. KGaA in January 2018. KSB SE & Co. KGaA was founded in 1871 and is headquartered in Frankenthal, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KSB SE reported revenue of €3.0B in FY2025 versus €2.3B in FY2021, a compound +6.7%/yr. Reported net income was €141M in FY2025, compounding +10.8%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€3.0B
Latest YoY
+2.3%
Avg. growth/yr (3Y)
+5.7%
Avg. growth/yr (5Y)
+6.6%
Avg. growth/yr (23Y)
+1.1%
Revenue +6.7%/yr
FY21 €2.3B
FY22 €2.6B
FY23 €2.8B
FY24 €3.0B
FY25 €3.0B
Net income +10.8%/yr
FY21 €93.6M
FY22 €104M
FY23 €152M
FY24 €118M
FY25 €141M

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Cite: Fair Value Calculator (2026). "KSB SE Fair Value". https://www.fairvalue-calculator.com/stock/KSB

Peer Group

Specialty Industrial Machinery · 809 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.

Quality Score 56 · Above median
Fair Value upside +52% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 5% · Above median
Net margin (TTM) 5% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 2.8% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 11.6× · Cheaper than 75% of peers
P/B 1.63× · Cheaper than median
P/S (TTM) 0.62× · Cheaper than 75% of peers
P/FCF 47.5× · Pricier than 75% of peers
EV/EBITDA 4.9× · Cheaper than 75% of peers
PEG 1.28× · Cheaper than median

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.

VALUE 100 · sector 0
FUTURE 15 · sector 23
PAST 49 · sector 28
HEALTH 100 · sector 96
DIVIDEND 55 · sector 24

Insider activity: 45/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is KSB SE (KSB) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €1,432 versus a price of €942.00, about +52% (undervalued).
What is the fair value of KSB?
Our model-based fair value for KSB SE is €1,432 (as of Jul 18, 2026), built from audited fundamentals. The current price is €942.00.
What is the quality score of KSB?
KSB SE 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 revenue of KSB SE (KSB)?
KSB SE reported trailing-twelve-month revenue of about €3.1B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of KSB?
The net profit margin of KSB SE is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.
Does KSB SE pay a dividend?
KSB SE currently shows a dividend yield of about 2.88% relative to its recent price (as of Jul 18, 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.

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