Maschinenfabrik Berthold Hermle AG (MBH3) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Maschinenfabrik Berthold Hermle AG €222, price €188, upside +18.2%, quality 65 out of 100. 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 1, 2026.
How to read this chart
60‑month range €126.71 – €226.47 · fair‑value band €141.97 – €310.53 · the €187.50 price screens below the €221.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
Follow Maschinenfabrik Berthold Hermle in your weekly email
Every Wednesday you see whether Maschinenfabrik Berthold Hermle is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Maschinenfabrik Berthold Hermle AG manufactures and sells milling machines worldwide.
Show more
Maschinenfabrik Berthold Hermle AG manufactures and sells milling machines worldwide. The company provides a portfolio of machining centre C product series use in space mouse, saw handle, milling tools, bone plate, soft ice cream, propeller, heavy-duty machining, steering knuckle, pipe die, engine housing, skiving/fir tree, pipe support, power skiving, pelton wheel, sledge, fan module, spiral funnel, railway wheel, rocker box, die mould, downhill bike pedal, moulding plate, sailboat, model making, and connecting rod applications. It also offers industries solution for model making, shut-off valve, dough tray, stator ring, drone, bone plate, motor housing, structured part, connecting panel, tool and mould making, fan impeller tool mould, broaching cycle, pipe die, pipe support, and sledge applications. In addition, the company provides support and training services. Maschinenfabrik Berthold Hermle AG was founded in 1938 and is headquartered in Gosheim, Germany.
Stock analysis
Maschinenfabrik Berthold Hermle AG (MBH3) currently trades at €187.50, while our model-based Fair Value estimate is €221.60, implying the stock looks roughly 15.4% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of €180.85 per share, and 3 of the 25 models we run sit above the €187.50 price.
Bear case: the Asset-Based group reads lowest at €47.29, and 22 of the 25 models stay below the price. Evidence for this calculation is medium.
Scenario range: €141.97 (bear) to €310.53 (bull), the price of €187.50 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 65/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Maschinenfabrik Berthold Hermle AG reported revenue of €492M in FY2025 versus €376M in FY2021, a compound +6.9%/yr. Reported net income was €51.4M in FY2025, compounding −1.6%/yr from FY2021.
Key figures
Market cap €938M · P/E ratio 16.3 · P/S ratio 1.71 · EPS (TTM) €11.67 · Dividend yield 5.1% · Net margin 10.4% · Return on equity 15.8% · Return on assets (EBIT) 18.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at 18%, MBH3 screens cheaper than that median.
Fair Value models
Bear €141.97Fair Value €221.60Bull €310.53
Price €187.50 · Upside +18.2%
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 2025 figures (about 9 months old). Earnings retained since then (€1.61 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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.8%
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.
+1.2%
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.
+10.6%
Start year 2020 (pandemic). Over 10 years: +3.2% a year
Revenue growth 11 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.
+3.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+3.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.3%
Dividend (yield on the price)5.1%
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.18% → 13%
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).
+29.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
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.
Compare Maschinenfabrik Berthold Hermle AG with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 805 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+18.2% · Top 25%
Profitability
Return on equity (TTM)15.8% · Top 25%
Return on assets8.9% · Top 25%
Net margin (TTM)11.5% · Top 25%
Operating margin (TTM)10.7% · Above median
Growth and dividend
Revenue growth7.9% · Above median
Dividend yield (TTM)5.1% · Top 25%
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). "Maschinenfabrik Berthold Hermle AG Fair Value". https://www.fairvalue-calculator.com/stock/MBH3
Frequently asked questions
Is Maschinenfabrik Berthold Hermle AG (MBH3) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of €221.60 versus a price of €187.50, about +18% upside (undervalued).
What is the fair value of MBH3?
Our model-based fair value for Maschinenfabrik Berthold Hermle AG is €221.60 (as of Oct 1, 2026), built from audited fundamentals. The current price: €187.50.
What is the quality score of MBH3?
Maschinenfabrik Berthold Hermle AG has a Quality Score of 65/100. 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 Maschinenfabrik Berthold Hermle AG (MBH3)?
Our model-based price target is the fair value of €221.60 (as of Oct 1, 2026) from 25 valuation models. Cautious scenario €141.97, optimistic scenario €310.53. It is a calculation from audited fundamentals, not an analyst target.
What is the Maschinenfabrik Berthold Hermle AG stock forecast for 2026?
Our models put fair value at €221.60, about +18% upside versus a price of €187.50 (undervalued). Cautious scenario €141.97, optimistic scenario €310.53. The calculation is refreshed regularly with new filings.
What is the revenue of Maschinenfabrik Berthold Hermle AG (MBH3)?
Maschinenfabrik Berthold Hermle AG reported trailing-twelve-month revenue of about €509M (latest available figure, as of Oct 1, 2026).
Does Maschinenfabrik Berthold Hermle AG pay a dividend?
Maschinenfabrik Berthold Hermle AG currently shows a dividend yield of about 5.09% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Maschinenfabrik Berthold Hermle AG (MBH3)?
For today's price to be fair in a discounted-cash-flow model, Maschinenfabrik Berthold Hermle AG would have to grow free cash flow by +29.1 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.6 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of MBH3 use?
Our models discount Maschinenfabrik Berthold Hermle AG at 9.7 %: a base by market capitalisation (small), damped by beta 0.53, 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 Maschinenfabrik Berthold Hermle AG that is +29.1 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Maschinenfabrik Berthold Hermle AG (MBH3) delivered so far?
Over the past 5 years revenue at Maschinenfabrik Berthold Hermle AG grew +10.6 % 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 Maschinenfabrik Berthold Hermle AG (MBH3) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Maschinenfabrik Berthold Hermle 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 Maschinenfabrik Berthold Hermle AG (MBH3)?
The free-cash-flow yield on the price is 1.63 %: that much free cash flow Maschinenfabrik Berthold Hermle AG produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Maschinenfabrik Berthold Hermle AG (MBH3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Maschinenfabrik Berthold Hermle AG it is €221.60 per share (as of Oct 1, 2026), against a price of €187.50. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Maschinenfabrik Berthold Hermle AG stock overvalued or undervalued in 2026?
As of Oct 1, 2026, MBH3 trades below its calculated fair value: price €187.50, fair value €221.60, a gap of about +18% (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 MBH3?
No. The price is what the market pays today (€187.50); the fair value is what the company's own numbers justify (€221.60). For Maschinenfabrik Berthold Hermle AG the two are €34.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is Maschinenfabrik Berthold Hermle AG worth?
The market values Maschinenfabrik Berthold Hermle AG at about €938M (market capitalisation, as of Oct 1, 2026). Per share that is €187.50; our models calculate a fair value of €221.60 per share.
What do the bullish and bearish scenarios say about MBH3?
Our models span a range for Maschinenfabrik Berthold Hermle AG: cautious scenario €141.97, base €221.60, optimistic €310.53 per share (as of Oct 1, 2026, price €187.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MBH3?
Maschinenfabrik Berthold Hermle AG trades at a price-to-earnings ratio of 16.3 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €221.60 is built from several models across several years. Other multiples: P/B 2.7, P/S 1.8, EV/EBITDA 9.7.
How solid is the balance sheet of Maschinenfabrik Berthold Hermle AG (MBH3)?
Balance-sheet figures for Maschinenfabrik Berthold Hermle AG (as of Oct 1, 2026): return on equity 15.8%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is MBH3 from its 52-week high?
Maschinenfabrik Berthold Hermle AG trades at €187.50, about 3% below its 52-week high of €193.00 and 48% above the low of €126.71 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €221.60 is for.
Which stocks are comparable to Maschinenfabrik Berthold Hermle 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 Maschinenfabrik Berthold Hermle AG stock attractive at the current price?
The data as of Oct 1, 2026: price €187.50, calculated fair value €221.60 (+18%), Quality Score 65/100, 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 MBH3 calculated?
We run Maschinenfabrik Berthold Hermle AG 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 €221.60, 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 15.0 % above its aggregate fair value. Maschinenfabrik Berthold Hermle AG currently trades 15 % 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 Maschinenfabrik Berthold Hermle AG (MBH3)?
The closing price on Oct 1, 2026 was €187.50. Our model-based fair value is €221.60, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Maschinenfabrik Berthold Hermle AG right now?
A fairly wide model range (€141.97 to €310.53) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Maschinenfabrik Berthold Hermle AG
How large is the market capitalisation of Maschinenfabrik Berthold Hermle AG (MBH3)?
The market capitalisation of Maschinenfabrik Berthold Hermle AG is €938M. 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 Maschinenfabrik Berthold Hermle AG (MBH3)?
The price-to-sales ratio of Maschinenfabrik Berthold Hermle AG is 1.71 (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 Maschinenfabrik Berthold Hermle AG (MBH3)?
Earnings per share at Maschinenfabrik Berthold Hermle AG are €11.67 (price ÷ EPS = P/E 16.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Maschinenfabrik Berthold Hermle AG (MBH3)?
The dividend yield of Maschinenfabrik Berthold Hermle AG is 5.1% (payout 81.8%). 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 Maschinenfabrik Berthold Hermle AG (MBH3)?
The net margin of Maschinenfabrik Berthold Hermle AG is 10.4% (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 Maschinenfabrik Berthold Hermle AG (MBH3)?
The return on equity (ROE) of Maschinenfabrik Berthold Hermle AG is 15.8% (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 Maschinenfabrik Berthold Hermle AG (MBH3)?
On an EBIT basis the return on assets of Maschinenfabrik Berthold Hermle AG is 18.2% (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 Maschinenfabrik Berthold Hermle AG (MBH3)?
The operating margin of Maschinenfabrik Berthold Hermle AG is 10.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Maschinenfabrik Berthold Hermle AG (MBH3)?
Revenue at Maschinenfabrik Berthold Hermle AG is growing +7.9% versus a year earlier (3y avg +1.2%). 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 Maschinenfabrik Berthold Hermle AG (MBH3)?
Earnings per share at Maschinenfabrik Berthold Hermle AG are growing +59.3% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch Maschinenfabrik Berthold Hermle AG in the live analysis
One click puts Maschinenfabrik Berthold Hermle AG on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
