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Oberstdorfer Bergbahn AG (KVO) fair value: what the stock is really worth

As of Oct 30, 2026: fair value (intrinsic value) of Oberstdorfer Bergbahn AG stock €184, price €142, upside +29.8%, quality 39 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Consumer Cyclical DE · ISIN DE000A2AA444

OB Oberstdorfer Bergbahn AG logo Thin data Nov 2, 2026

Oberstdorfer Bergbahn AG

KVO · MU
Speculative

The stock costs 23% less than our calculation considers fair.

Fair value €184.34 · Undervalued (23%)
Thin margins · 5.0% net margin (TTM)
Moderate debt
Quality 39/100
Weak Growth (revenue 3y −2.9 %/yr in EUR)
Trails peers (4/12)
Narrow moat 41/100 · thin data
Thin data
⚠ Thinly traded
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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

€250.00 €142.00 Fair Value €184.34 Aug 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.

How to read this chart

60‑month range €142.00 – €250.00 · fair‑value band €129.04 – €239.65 · the €142.00 price screens below the €184.34 fair value. As of Nov 2, 2026.

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Company profile

Oberstdorfer Bergbahn AG operates ski and hiking in Germany. The company provides services for winter sports, including skiing, tobogganing, snowcat riding, sleeping in an igloo, and the Allgäu Coaster; and summer activities such as wooden ball track and climbing forest experiences.

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It also offers group tours and school classes; and cable car, chairlift, and three drag lifts. In addition, the company offers snow groomer, ticket and cash registers, kitchen equipment, snowmaking systems, and invests in hardware and software components for digital operations.

Further, it operates the Berghaus Schönblick restaurant and hotel. The company was founded in 1927 and is headquartered in Oberstdorf, Germany.

Stock analysis

Oberstdorfer Bergbahn AG (KVO) currently trades at €142.00, while our model-based Fair Value estimate is €184.34, implying the stock looks roughly 23.0% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of €215.30 per share, and 5 of the 11 models we run sit above the €142.00 price.

Bear case: the Earnings-Based group reads lowest at €67.88, and 6 of the 11 models stay below the price. Data coverage for this calculation is low.

Scenario range: €129.04 (bear) to €239.65 (bull), the price of €142.00 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 39/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Oberstdorfer Bergbahn AG reported revenue of €4.5M in FY2016 versus €4.9M in FY2013, a compound −2.9%/yr. Reported net income was €233K in FY2016, compounding −0.4%/yr from FY2013.

Key figures

Market cap €5.7M Micro · P/E ratio 18.3 · P/S ratio 0.77 · EPS (TTM) €7.77 · Net margin 5.0% · Return on equity 5.7% · Return on assets (EBIT) 6.5% · Operating margin 8.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).

What moves the price

The share trades about 43% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at 22% fair-value upside, at 30%, KVO screens cheaper than that median.

Fair Value models

Bear €129.04 Fair Value €184.34 Bull €239.65
Price €142.00 · Upside +29.8%
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. 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.
Best data coverage
EPV €45.54 €67.88 €87.15 73
Residual Income €95.27 €105.14 €123.35 68
ROIC Compounder €45.54 €67.88 €87.15 68
All 11 models by family
Earnings-Based
Graham-Dodd €75.44 €92.21 €103.73 65
EPV €45.54 €67.88 €87.15 73
Multiples
P/E Multiple €183.06 €244.07 €305.09 63
P/S Multiple €141.45 €188.60 €235.75 58
P/B Multiple €308.83 €411.77 €514.71 55
EV/EBIT €137.49 €215.30 €293.10 65
EV/Revenue €61.42 €128.85 €196.28 51
Asset-Based
NCAV (Graham) €51.47 €68.97 €102.94 54
Economic Profit
Residual Income €95.27 €105.14 €123.35 68
ROIC Compounder €45.54 €67.88 €87.15 68
Growth Earnings
Growth-Adj P/E €129.04 €184.34 €239.65 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 39/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 53
How much profit the company makes from its sales and capital
Quality Growth 12
Are margins and returns getting better?
Financial strength 22
Debt, balance sheet and risk of trouble
Investment 73
Does it invest with discipline instead of growing at any price?
Low Volatility 57
How calm the share price moves, does not count
Price momentum 21
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count

Open the full quality analysis →

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. 12/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−11.2%
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.
−2.9%
Profit margin (trend) ⓘ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.
8.4% (2013) → 8.0% (2016)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

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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.Leisure · 165 stocks

Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 39 · Bottom 25%
Fair Value upside +29.8% · Above median
Profitability
Return on equity (12 months) 5.7% · Below median
Return on assets 3.9% · Above median
Net margin (12 months) 5.0% · Below median
Operating margin (12 months) 8.9% · Below median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median
Balance sheet
Debt / equity 0.94× · Highest 25%

Valuation Multiplesvs Leisure median · lower = cheaper

P/E (12 months) 18.3× · Pricier than median
P/B 2.81× · Priciest 25%
P/S (12 months) 0.77× · Cheaper than median
EV/EBITDA 2.9× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)73 · sector 42
FUTURE (revenue growth)0 · sector 29
PAST (return on equity)23 · sector 25
HEALTH (low debt)53 · sector 94
DIVIDEND (yield)0 · sector 55

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

Similar stocks

10 more Leisure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Li Ning Company 2331 HK$13.75 HK$29.38 +114% vs KVO
Ninebot Limited 689009 ¥32.66 ¥52.88 +62% vs KVO
Pop Mart International Group 9992 HK$134.90 HK$207.44 +54% vs KVO
Mattel, Inc MAT $15.42 $21.77 +41% vs KVO
Planet Fitness, Inc PLNT $53.58 $65.18 +22% vs KVO
Fluidra, S.A FDR €18.70 €20.57 +10% vs KVO
Amer Sports, Inc AS $29.43 $19.17 −35% vs KVO
Acushnet Holdings GOLF $85.26 $43.17 −49% vs KVO
Life Time Group LTH $45.10 $16.00 −65% vs KVO
Hasbro, Inc HAS $119.09 $32.71 −73% vs KVO

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Oberstdorfer Bergbahn AG · Fair Value
€184.34 +23%Fair Value
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Cite: Fair Value Calculator (2026). "Oberstdorfer Bergbahn AG Fair Value". https://www.fairvalue-calculator.com/stock/KVO

Frequently asked questions

Is Oberstdorfer Bergbahn AG (KVO) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of €184.34 versus a price of €142.00, about +30% upside (undervalued).
What is the fair value of KVO?
Our model-based fair value for Oberstdorfer Bergbahn AG is €184.34 (as of Nov 2, 2026), built from audited fundamentals. The current price: €142.00.
What is the quality score of KVO?
Oberstdorfer Bergbahn AG has a Quality Score of 39/100. 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 Oberstdorfer Bergbahn AG (KVO)?
Our model-based price target is the fair value of €184.34 (as of Nov 2, 2026) from 11 valuation models. Cautious scenario €129.04, optimistic scenario €239.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Oberstdorfer Bergbahn AG stock forecast for 2026?
Our models put fair value at €184.34, about +30% upside versus a price of €142.00 (undervalued). Cautious scenario €129.04, optimistic scenario €239.65. The calculation is refreshed regularly with new filings.
What is the revenue of Oberstdorfer Bergbahn AG (KVO)?
Oberstdorfer Bergbahn AG reported trailing-twelve-month revenue of about €8.3M (latest available figure, as of Nov 2, 2026).
What is the intrinsic value of Oberstdorfer Bergbahn AG (KVO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Oberstdorfer Bergbahn AG it is €184.34 per share (as of Nov 2, 2026), against a price of €142.00. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Oberstdorfer Bergbahn AG stock overvalued or undervalued in 2026?
As of Nov 2, 2026, KVO trades below its calculated fair value: price €142.00, fair value €184.34, a gap of about +30% (undervalued). 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 KVO?
No. The price is what the market pays today (€142.00); the fair value is what the company's own numbers justify (€184.34). For Oberstdorfer Bergbahn AG the two are €42.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Oberstdorfer Bergbahn AG worth?
The market values Oberstdorfer Bergbahn AG at about €5.7M (market capitalisation, as of Nov 2, 2026). Per share that is €142.00; our models calculate a fair value of €184.34 per share.
What do the bullish and bearish scenarios say about KVO?
Our models span a range for Oberstdorfer Bergbahn AG: cautious scenario €129.04, base €184.34, optimistic €239.65 per share (as of Nov 2, 2026, price €142.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KVO?
Oberstdorfer Bergbahn AG trades at a price-to-earnings ratio of 18.3 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €184.34 is built from several models across several years. Other multiples: P/B 2.8, P/S 0.8, EV/EBITDA 2.9.
How solid is the balance sheet of Oberstdorfer Bergbahn AG (KVO)?
Balance-sheet figures for Oberstdorfer Bergbahn AG (as of Nov 2, 2026): return on equity 5.7%, debt of 0.94 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is KVO from its 52-week high?
Oberstdorfer Bergbahn AG trades at €142.00, about 43% below its 52-week high of €250.00 and at the low of €142.00 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of €184.34 is for.
Which stocks are comparable to Oberstdorfer Bergbahn AG?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, Amer Sports, Inc, Hasbro, Inc, Life Time Group, 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 Oberstdorfer Bergbahn AG stock attractive at the current price?
The data as of Nov 2, 2026: price €142.00, calculated fair value €184.34 (+30%), Quality Score 39/100, from 11 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 KVO calculated?
We run Oberstdorfer Bergbahn AG through 11 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 €184.34, 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 14.9 % above its aggregate fair value. Oberstdorfer Bergbahn AG currently trades 23 % below its own fair value, and the market average says nothing about that. 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 Oberstdorfer Bergbahn AG (KVO)?
The closing price on Oct 30, 2026 was €142.00. Our model-based fair value is €184.34, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Oberstdorfer Bergbahn AG right now?
A fairly wide model range (€129.04 to €239.65) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Oberstdorfer Bergbahn AG

How large is the market capitalisation of Oberstdorfer Bergbahn AG (KVO)?
The market capitalisation of Oberstdorfer Bergbahn AG is €5.7M. 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 Oberstdorfer Bergbahn AG (KVO)?
The price-to-sales ratio of Oberstdorfer Bergbahn AG is 0.77 (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 Oberstdorfer Bergbahn AG (KVO)?
Earnings per share at Oberstdorfer Bergbahn AG are €7.77 (price ÷ EPS = P/E 18.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Oberstdorfer Bergbahn AG (KVO)?
The net margin of Oberstdorfer Bergbahn AG is 5.0% (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 Oberstdorfer Bergbahn AG (KVO)?
The return on equity (ROE) of Oberstdorfer Bergbahn AG is 5.7% (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 Oberstdorfer Bergbahn AG (KVO)?
On an EBIT basis the return on assets of Oberstdorfer Bergbahn AG is 6.5% (avg 4y). 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 Oberstdorfer Bergbahn AG (KVO)?
The operating margin of Oberstdorfer Bergbahn AG is 8.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
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