A.P. Møller - Mærsk A/S (MAERSK-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of A.P. Møller - Mærsk A/S stock DKK 21,340, price DKK 24,360, upside -12.4%, quality 61 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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, dashed = 300-day average. As of Oct 13, 2026.
How to read this chart
60‑month range kr 7,451 – kr 24,900 · fair‑value band kr 16,005 – kr 27,140 · the kr 24,360 price screens above the kr 21,340 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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A.P. Møller - Mærsk A/S, together with its subsidiaries, operates as an integrated logistics company in Denmark and internationally. The company operates through Ocean, Logistics & Services, and Terminals segments.
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The company offers ocean, inland, less-than-container load, and air and ground freight solutions; warehousing, distribution, and depot services; cold chain solutions, cold chain management, pharmaceutical cold chain management, and cold storage solutions; and customs clearance, e-commerce logistics, and lead logistics services.
It also provides ocean transport, specialized airlift, and vessel chartering services; project planning, orchestration, and site support; specialized cargo handling, cargo storage, and survey services.
In addition, the company offers value-added services, such as labelling, relabeling, tagging or retagging, kitting and product customization, garments on hangers, re-packing, quality controls, reporting, shaving/topping off pallets, reverse logistics, and goods disposal services.
It serves FMCG, fashion and lifestyle, retail, chemicals, automotive, technology, pharma and healthcare, and perishables industries. The company was founded in 1904 and is based in Copenhagen, Denmark.
Stock analysis
A.P. Møller - Mærsk A/S (MAERSK-B) currently trades at kr 24,360, while our model-based Fair Value estimate is kr 21,340, 12.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 39,949 per share, and 13 of the 25 models we run sit above the kr 24,360 price.
Bear case: the Asset-Based group reads lowest at kr 12,812, and 12 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 16,005 (bear) to kr 27,140 (bull), the price of kr 24,360 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 61/100 (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.
A.P. Møller - Mærsk A/S reported revenue of $54.0B in FY2025 versus $61.8B in FY2021, a compound −3.3%/yr. Reported net income was $2.7B in FY2025, compounding −37.6%/yr from FY2021.
Key figures
Market cap 354B DKK (≈ $53.0B) Large · P/E ratio 22.8 · P/S ratio 1.15 · EPS (TTM) kr 1,019 · Dividend yield 2.0% · Net margin 5.0% · Return on equity 4.4% · Return on assets (EBIT) 20.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 105% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 53% fair-value upside, at −12%, MAERSK-B screens richer than that median.
Fair Value models
Bearkr 16,005Fair Value kr 21,340Bullkr 27,140
Price kr 24,360 · Upside -12.4%
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 10 months old). Earnings retained since then (kr 432.88 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−2.7%
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.
−12.8%
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.
+6.3%
Start year 2020 (pandemic). Over 10 years: +6.0% a year
Revenue growth 23 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.
+4.1%
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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.
+6.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.2%
Dividend (yield on the price)2.0%
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.4.2% vs 3.0%, 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.20% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−11.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
−2.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −13.6% a year for the price and −5.1% for the forecasts.
AI conclusion: Global scale offers partial resilience in a commoditized cyclical industry with thin margins, yet the business lacks a meaningful moat and remains exposed to volatile trades.
Main risk: The pivot to large-scale new container capacity increases direct exposure to freight rate swings that would hit ocean margins in any downturn.
Maersk has confirmed orders for 26 new 18,600 TEU dual-fuel LNG container vessels for delivery in 2029 and 2030. This marks a clear pivot toward expanding its core ocean fleet after years spent building out logistics services. Our models currently see the stock as overvalued. Will the added capacity strengthen its competitive edge in volatile trades or simply increase exposure to rate swings?
Compare A.P. Møller - Mærsk A/S 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.Marine Shipping · 225 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−12.4% · Below median
Profitability
Return on equity (12 months)4.4% · Below median
Return on assets3.1% · Below median
Net margin (12 months)4.1% · Bottom 25%
Operating margin (12 months)9.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)20.0% · Above median
Dividend yield (12 months)2.0% · Below median
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Is A.P. Møller - Mærsk A/S (MAERSK-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 21,340 versus a price of kr 24,360, about −12% upside (overvalued).
What is the fair value of MAERSK-B?
Our model-based fair value for A.P. Møller - Mærsk A/S is kr 21,340 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 24,360.
What is the quality score of MAERSK-B?
A.P. Møller - Mærsk A/S has a Quality Score of 61/100. 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 A.P. Møller - Mærsk A/S (MAERSK-B)?
Our model-based price target is the fair value of kr 21,340 (as of Oct 13, 2026) from 25 valuation models. Cautious scenario kr 16,005, optimistic scenario kr 27,140. It is a calculation from audited fundamentals, not an analyst target.
What is the A.P. Møller - Mærsk A/S stock forecast for 2026?
Our models put fair value at kr 21,340, about −12% upside versus a price of kr 24,360 (overvalued). Cautious scenario kr 16,005, optimistic scenario kr 27,140. The calculation is refreshed regularly with new filings.
What is the revenue of A.P. Møller - Mærsk A/S (MAERSK-B)?
A.P. Møller - Mærsk A/S reported trailing-twelve-month revenue of about $56.3B (latest available figure, as of Oct 13, 2026).
Does A.P. Møller - Mærsk A/S pay a dividend?
A.P. Møller - Mærsk A/S currently shows a dividend yield of 1.97% relative to its recent price (as of Oct 13, 2026).
What growth is priced into A.P. Møller - Mærsk A/S (MAERSK-B)?
For today's price to be fair in a discounted-cash-flow model, A.P. Møller - Mærsk A/S would have to grow free cash flow by -11.6 % per year for five years (discount rate 8.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.3 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of MAERSK-B use?
Our models discount A.P. Møller - Mærsk A/S at 8.0 %: a base by market capitalisation (large), damped by beta 0.55, country premium for Denmark. 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 A.P. Møller - Mærsk A/S that is -11.6 % per year a year over ten years, using the same discount rate (8.0 %) and the same formula as our fair value.
How much growth has A.P. Møller - Mærsk A/S (MAERSK-B) delivered so far?
Over the past 5 years revenue at A.P. Møller - Mærsk A/S grew +6.3 % a year. The price currently implies -11.6 % 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 A.P. Møller - Mærsk A/S (MAERSK-B) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into A.P. Møller - Mærsk A/S (-11.6 % 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 A.P. Møller - Mærsk A/S (MAERSK-B)?
The free-cash-flow yield on the price is 11.94 %: that much free cash flow A.P. Møller - Mærsk A/S produces per unit of market value. When it exceeds the discount rate of our models (8.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of A.P. Møller - Mærsk A/S (MAERSK-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For A.P. Møller - Mærsk A/S it is kr 21,340 per share (as of Oct 13, 2026), against a price of kr 24,360. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is A.P. Møller - Mærsk A/S stock overvalued or undervalued in 2026?
As of Oct 13, 2026, MAERSK-B trades above its calculated fair value: price kr 24,360, fair value kr 21,340, a gap of about −12% (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 MAERSK-B?
No. The price is what the market pays today (kr 24,360); the fair value is what the company's own numbers justify (kr 21,340). For A.P. Møller - Mærsk A/S the two are kr 3,020 per share apart. That gap is exactly why we show both numbers side by side.
How much is A.P. Møller - Mærsk A/S worth?
The market values A.P. Møller - Mærsk A/S at about 354B DKK (market capitalisation, as of Oct 13, 2026). Per share that is kr 24,360; our models calculate a fair value of kr 21,340 per share.
What do the bullish and bearish scenarios say about MAERSK-B?
Our models span a range for A.P. Møller - Mærsk A/S: cautious scenario kr 16,005, base kr 21,340, optimistic kr 27,140 per share (as of Oct 13, 2026, price kr 24,360). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAERSK-B?
A.P. Møller - Mærsk A/S trades at a price-to-earnings ratio of 22.8 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 21,340 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 21.7 (reported for FY2025: 20.5). Other multiples: PEG 0.4, P/B 1.0, P/S 0.9, EV/EBITDA 8.3.
What is the PEG ratio of MAERSK-B?
The PEG ratio of A.P. Møller - Mærsk A/S is 0.38 (P/E divided by earnings growth, as of Oct 13, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of A.P. Møller - Mærsk A/S (MAERSK-B)?
Balance-sheet figures for A.P. Møller - Mærsk A/S (as of Oct 13, 2026): return on equity 4.4%, debt of 0.09 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is MAERSK-B from its 52-week high?
A.P. Møller - Mærsk A/S trades at kr 24,360, about 2% below its 52-week high of kr 24,900 and 105% above the low of kr 11,904 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 21,340 is for.
Which stocks are comparable to A.P. Møller - Mærsk A/S?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 A.P. Møller - Mærsk A/S stock attractive at the current price?
The data as of Oct 13, 2026: price kr 24,360, calculated fair value kr 21,340 (−12%), Quality Score 61/100, from 25 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 MAERSK-B calculated?
We run A.P. Møller - Mærsk A/S through 25 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 kr 21,340, 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 13.9 % above its aggregate fair value. A.P. Møller - Mærsk A/S 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 A.P. Møller - Mærsk A/S (MAERSK-B)?
The closing price on Oct 19, 2026 was kr 24,360. Our model-based fair value is kr 21,340, about −12% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with A.P. Møller - Mærsk A/S right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of A.P. Møller - Mærsk A/S (MAERSK-B) come from?
Earnings per share at A.P. Møller - Mærsk A/S grew +7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.8 %, EBIT margin +2.7 %, tax rate +3.8 %, residual (interest, one-offs) −7.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of A.P. Møller - Mærsk A/S
How large is the market capitalisation of A.P. Møller - Mærsk A/S (MAERSK-B)?
The market capitalisation of A.P. Møller - Mærsk A/S is 354B DKK (≈ $53.0B). 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 A.P. Møller - Mærsk A/S (MAERSK-B)?
The price-to-sales ratio of A.P. Møller - Mærsk A/S is 1.15 (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 A.P. Møller - Mærsk A/S (MAERSK-B)?
Earnings per share at A.P. Møller - Mærsk A/S are kr 1,019 (price ÷ EPS = P/E 22.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of A.P. Møller - Mærsk A/S (MAERSK-B)?
The dividend yield of A.P. Møller - Mærsk A/S is 2.0% (payout 103%, on adjusted earnings, reported 97.0%). 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 A.P. Møller - Mærsk A/S (MAERSK-B)?
The net margin of A.P. Møller - Mærsk A/S is 5.0% (fiscal year 2025). 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 A.P. Møller - Mærsk A/S (MAERSK-B)?
The return on equity (ROE) of A.P. Møller - Mærsk A/S is 4.4% (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 A.P. Møller - Mærsk A/S (MAERSK-B)?
On an EBIT basis the return on assets of A.P. Møller - Mærsk A/S is 20.3% (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 A.P. Møller - Mærsk A/S (MAERSK-B)?
The operating margin of A.P. Møller - Mærsk A/S is 9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at A.P. Møller - Mærsk A/S (MAERSK-B)?
Revenue at A.P. Møller - Mærsk A/S is growing +20.0% versus a year earlier (3y avg −12.8%). 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 A.P. Møller - Mærsk A/S (MAERSK-B)?
Earnings per share at A.P. Møller - Mærsk A/S are growing +129% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does A.P. Møller - Mærsk A/S (MAERSK-B) carry?
The net debt of A.P. Møller - Mærsk A/S is $9.9B (fiscal year 2025, ≈ 1.6 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
Oct 13, 2026