OHB SE (OHB) Fair Value & Analysis
Industrials · DE · Market cap €5.2B
Fair value as of: Jul 16, 2026
From 25 valuation models · updated 22 days ago
Fair value updated Jul 16, 2026, revised from €48.83 to €47.46 (−2.8%) since Jun 24, 2026. Share price −13.8% over the past month.
Below-average quality, and screening another 80% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (€66.78). The favourable scenario is already priced in.
- Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (€28.91 to €66.78) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range €26.61 – €613.11 · fair‑value band €28.91 – €66.78 · the €237.00 price screens above the €47.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
OHB SE (OHB) currently trades at €237.00, while our model-based Fair Value estimate is €47.46, implying the stock looks roughly 80.0% overvalued today. We read business quality at 46/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, OHB SE generated revenue of €1.3B at a net margin of 4.4%. Revenue grew 16.8% year over year. It earns a return on equity of 12.8%. Net debt stands at €99.2M. Fundamentals as of Jul 16, 2026
Our scenario range runs from €28.91 (bear case) to €66.78 (bull case); at €237.00, the current price sits above 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 65% below its 52-week high and 273% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -55% fair-value upside, at -80%, OHB screens richer 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.
All 25 models by family
Widest divergence: Multiples (€50.88) versus Dividend Discount (€8.93). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 50
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
OHB SE operates as a space and technology company in Germany, rest of Europe, and internationally. The company operates through Space Systems, Access to Space, and Digital segments. The Space Systems segment focuses on developing and executing space projects.
Full company description
OHB SE operates as a space and technology company in Germany, rest of Europe, and internationally. The company operates through Space Systems, Access to Space, and Digital segments. The Space Systems segment focuses on developing and executing space projects. This segment primarily develops and manufactures near-earth orbit and geostationary satellites for navigation, science, communication, earth and weather observation and reconnaissance, including scientific payloads; explores, studies areas of security and reconnaissance with a focus on the moon, asteroids, and Mars. The Access to Space segment is involved in assembling and developing aviation and space products; and other industrial activities. The Digital segment provides mechatronic systems for antennas, and telescopes; and engages in the operation of purchasing rocket launches and the provision of IT services. OHB SE was incorporated in 1993 and is headquartered in Bremen, Germany.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
OHB SE reported revenue of €1.2B in FY2025 versus €905M in FY2021, a compound +7.7%/yr. Reported net income was €49.5M in FY2025, compounding +15.8%/yr from FY2021.
OHB screens 80% overvalued. Compare with General Electric Company →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- OHB Digital Connect Completes Upgrade of Military Ground Stations
- OHB (XTRA:OHB) Valuation Check After Strong Multi‑Month Share Price Surge
- OHB SE (FRA:OHB) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic Expansions ...
Peer Group
Aerospace & Defense · 227 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.
Valuation Multiples vs Aerospace & Defense median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| General Electric Company GE | $381.22 | $116.71 | -69% |
| RTX Corporation RTX | $195.93 | $88.37 | -55% |
| Airbus SE 1AIR | €206.30 | €92.85 | -55% |
| The Boeing Company BA | $217.11 | $48.20 | -78% |
| China CSSC Holdings 600150 | ¥34.31 | ¥21.90 | -36% |
| HD Hyundai Heavy Industries Co 329180 | 466,000 KRW | 272,966 KRW | -41% |
| Hanwha Aerospace Co 012450 | 967,000 KRW | 573,468 KRW | -41% |
| ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS | 337.50 TRY | 130.70 TRY | -61% |
| Saab AB SAABB | kr 520.40 | kr 212.84 | -59% |
| Kongsberg Gruppen ASA KOG | kr 277.50 | kr 106.93 | -61% |
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Frequently asked questions
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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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