MLP SE (MLP) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of MLP SE €4.84, price €9.69, upside -50.1%, quality 39 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 €3.75 – €9.69 · fair‑value band €4.47 – €8.31 · the €9.69 price screens above the €4.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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MLP SE, together with its subsidiaries, provides financial services to private, corporate, and institutional clients in Germany. It operates through Financial Consulting, Banking, FERI, DOMCURA, Industrial Broker, and Deutschland.Immobilien segments.
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MLP SE, together with its subsidiaries, provides financial services to private, corporate, and institutional clients in Germany. It operates through Financial Consulting, Banking, FERI, DOMCURA, Industrial Broker, and Deutschland.Immobilien segments. The Financial Consulting segment offers consulting services for academics and other clients related to insurance, investments, and occupational pension provision schemes; and health and non-life insurance, real estate brokerage, wealth management, and loans and mortgages, as well as the brokering of contracts in financial services. The Banking segment provides banking services, such as accounts, credit cards, loans, and wealth management solutions. This segment also offers securities custody, commission, investment consulting, and investment brokerage services. The FERI segment provides wealth and investment consulting to institutional investors and high net worth individuals. The DOMCURA segment operates as an underwriting agency that designs, develops, and implements coverage concepts in the field of non-life insurance products, as well as provides brokerage services. The Industrial Broker segment offers consulting services and insurances for industrial and commercial clients, as well as the brokerage of insurance policies. The Deutschland.Immobilien segment engages in the brokering of real estate properties; and development and sale of real estate projects. The company was formerly known as MLP AG and changed its name to MLP SE in September 2017. MLP SE was founded in 1971 and is headquartered in Wiesloch, Germany.
Stock analysis
MLP SE (MLP) currently trades at €9.69, while our model-based Fair Value estimate is €4.84, implying the stock looks roughly 100.2% overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of €17.89 per share, and 3 of the 9 models we run sit above the €9.69 price.
Bear case: the Asset-Based group reads lowest at €3.61, and 6 of the 9 models stay below the price. Evidence for this calculation is high.
Scenario range: €4.47 (bear) to €8.31 (bull), the price of €9.69 sits above 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 Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
MLP SE reported revenue of €1.0B in FY2025 versus €923M in FY2021, a compound +3.2%/yr. Reported net income was €55.6M in FY2025, compounding −2.9%/yr from FY2021.
Key figures
Market cap €1.1B · P/E ratio 18.3 · P/S ratio 0.97 · EPS (TTM) €0.5300 · Dividend yield 3.7% · Net margin 5.3% · Return on equity 9.5% · Return on assets (EBIT) 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 64% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −50%, MLP screens richer than that median.
Fair Value models
Bear €4.47Fair Value €4.84Bull €8.31
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 (€0.1244 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.35/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−1.4%
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.
+4.0%
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.
+6.7%
Start year 2020 (pandemic). Over 10 years: +6.7% a year
Revenue growth 19 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.
+3.1%
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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.
+8.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.2%
Dividend (yield on the price)3.7%
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.5% vs 11%, slowing
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.7% → 7%
News mood ⓘNews mood, the average tone of recent news (8 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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.Asset Management · 659 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−50% · Bottom 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets2% · Below median
Net margin (TTM)5% · Below median
Operating margin (TTM)15% · Below median
Growth and dividend
Revenue growth4% · Above median
Dividend yield (TTM)3.7% · Below median
Balance sheet
Debt / equity0.52× · Highest 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (TTM)18.3× · Pricier than median
P/B2.06× · Priciest 25%
P/S (TTM)1.14× · Cheapest 25%
EV/EBITDA11.2× · Pricier than median
PEG1.55× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 55
FUTURE (revenue growth)22· sector 20
PAST (return on equity)38· sector 22
HEALTH (low debt)74· sector 95
DIVIDEND (yield)74· sector 80
VALUE 0: the price sits above our fair-value range.
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). "MLP SE Fair Value". https://www.fairvalue-calculator.com/stock/MLP
Frequently asked questions
Is MLP SE (MLP) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €4.84 versus a price of €9.69, about −50% upside (overvalued).
What is the fair value of MLP?
Our model-based fair value for MLP SE is €4.84 (as of Sep 23, 2026), built from audited fundamentals. The current price: €9.69.
What is the quality score of MLP?
MLP SE 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 MLP SE (MLP)?
Our model-based price target is the fair value of €4.84 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario €4.47, optimistic scenario €8.31. It is a calculation from audited fundamentals, not an analyst target.
What is the MLP SE stock forecast for 2026?
Our models put fair value at €4.84, about −50% upside versus a price of €9.69 (overvalued). Cautious scenario €4.47, optimistic scenario €8.31. The calculation is refreshed regularly with new filings.
What is the revenue of MLP SE (MLP)?
MLP SE reported trailing-twelve-month revenue of about €1.1B (latest available figure, as of Sep 23, 2026).
Does MLP SE pay a dividend?
MLP SE currently shows a dividend yield of about 3.72% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of MLP SE (MLP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MLP SE it is €4.84 per share (as of Sep 23, 2026), against a price of €9.69. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is MLP SE stock overvalued or undervalued in 2026?
As of Sep 23, 2026, MLP trades above its calculated fair value: price €9.69, fair value €4.84, a gap of about −50% (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 MLP?
No. The price is what the market pays today (€9.69); the fair value is what the company's own numbers justify (€4.84). For MLP SE the two are €4.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is MLP SE worth?
The market values MLP SE at about €1.1B (market capitalisation, as of Sep 23, 2026). Per share that is €9.69; our models calculate a fair value of €4.84 per share.
What do the bullish and bearish scenarios say about MLP?
Our models span a range for MLP SE: cautious scenario €4.47, base €4.84, optimistic €8.31 per share (as of Sep 23, 2026, price €9.69). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MLP?
MLP SE trades at a price-to-earnings ratio of 18.3 (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 €4.84 is built from several models across several years. Other multiples: PEG 1.6, P/B 2.1, P/S 1.1, EV/EBITDA 11.2.
What is the PEG ratio of MLP?
The PEG ratio of MLP SE is 1.55 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of MLP SE (MLP)?
Balance-sheet figures for MLP SE (as of Sep 23, 2026): return on equity 9.5%, debt of 0.52 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is MLP from its 52-week high?
MLP SE trades at €9.69, at its 52-week high of €9.69 and 64% above the low of €5.91 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €4.84 is for.
Which stocks are comparable to MLP SE?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 MLP SE stock attractive at the current price?
The data as of Sep 23, 2026: price €9.69, calculated fair value €4.84 (−50%), Quality Score 39/100, from 9 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 MLP calculated?
We run MLP SE through 9 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 €4.84, 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 14.1 % above its aggregate fair value. MLP SE 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 MLP SE (MLP)?
The closing price on Sep 23, 2026 was €9.69. Our model-based fair value is €4.84, about −50% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MLP SE right now?
The price sits above even our optimistic bull case (€8.31). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (€4.47 to €8.31) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of MLP SE (MLP) come from?
Earnings per share at MLP SE grew +11.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.0 %, EBIT margin +3.7 %, tax rate −1.2 %, residual (interest, one-offs) +2.0 %. 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 MLP SE
How large is the market capitalisation of MLP SE (MLP)?
The market capitalisation of MLP SE is €1.1B. 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 MLP SE (MLP)?
The price-to-sales ratio of MLP SE is 0.97 (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 MLP SE (MLP)?
Earnings per share at MLP SE are €0.5300 (price ÷ EPS = P/E 18.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MLP SE (MLP)?
The dividend yield of MLP SE is 3.7% (payout 67.9%). 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 MLP SE (MLP)?
The net margin of MLP SE is 5.3% (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 MLP SE (MLP)?
The return on equity (ROE) of MLP SE is 9.5% (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 MLP SE (MLP)?
On an EBIT basis the return on assets of MLP SE is 2.0% (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 MLP SE (MLP)?
The operating margin of MLP SE is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MLP SE (MLP)?
Revenue at MLP SE is growing +4.3% versus a year earlier (3y avg +4.0%). 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 MLP SE (MLP)?
Earnings per share at MLP SE are growing +8.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MLP SE (MLP) generate?
The free cash flow of MLP SE is −€12.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does MLP SE (MLP) carry?
The net debt of MLP SE is €3.2B (fiscal year 2025). 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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