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Dr. Ing. h.c. F. Porsche AG (P911) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €42.3B

DI Dr. Ing. h.c. F. Porsche AG P911 · XETRA
Price€43.54
Fair Value€34.68
Upside-20.4%
Quality49/100
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Mixed Growth
Thin margins · 0.9% net margin
Low debt · generates free cash flow
2.19% dividend yield
Trails peers (3/15)
Narrow moat 31/100
Evidence: High Range €34.68 – €43.06 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 26 days ago

Fair value updated Jul 12, 2026, revised from €17.05 to €34.68 (+103.4%) since Jul 5, 2026. Share price −7.9% over the past month.

Below-average quality, and screening another 20% overvalued on our models.

What matters now

  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from €34.68 (bear) to €43.06 (bull), base €34.68. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 49/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (4 years)

€107.39 €35.52 Fair Value €34.68 Sep 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

46‑month range €35.52 – €107.39 · fair‑value band €34.68 – €43.06 · the €43.54 price screens above the €34.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Dr. Ing. h.c. F. Porsche AG (P911) currently trades at €43.54, while our model-based Fair Value estimate is €34.68, implying the stock looks roughly 20.4% overvalued today. We read business quality at 49/100 (below-average quality), in the Consumer Cyclical 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, Dr. Ing. h.c. F. Porsche AG generated revenue of €35.8B at a net margin of 0.9%. Revenue declined 5.2% year over year. It earns a return on equity of 0.8%. Net debt stands at €6.4B. Fundamentals as of Jul 12, 2026

Our scenario range runs from €34.68 (bear case) to €43.06 (bull case); at €43.54, 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 12% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at -20%, P911 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €62.27 €124.12 €225.47 80
Residual Income €17.83 €17.16 €13.55 76
Rev-Margin DCF €33.49 €54.02 €97.47 74
All 26 models by family
DCF Models
FCF DCF €66.24 €104.53 €226.47 38
Owner Earnings €46.79 €107.15 €233.86 31
5Y Revenue Exit €30.63 €47.06 €80.91 39
5Y EBITDA Exit €74.69 €136.16 €256.82 41
5Y P/E Exit €23.11 €38.23 €56.44 38
10Y Revenue Exit €40.79 €75.46 €92.88 36
10Y EBITDA Exit €73.66 €170.34 €340.68 37
10Y P/E Exit €36.02 €59.25 €91.85 35
Earnings-Based
Graham-Dodd €3.22 €22.44 €31.49 54
Lynch FV €11.59 €16.56 €21.53 50
PEG = 1.0 €11.59 €16.56 €21.53 46
EPV €14.47 €16.97 €19.16 59
Dividend Discount
Gordon GGM €21.18 €44.03 €69.85 70
DDM Multi-Stage €21.18 €37.13 €46.21 61
Multiples
P/E Multiple €7.10 €9.46 €11.83 63
P/S Multiple €6.03 €8.04 €10.05 58
P/B Multiple €6.03 €8.04 €10.05 55
EV/EBIT €23.09 €30.97 €38.84 53
EV/EBITDA €74.87 €100.00 €125.14 54
EV/Revenue €15.39 €22.22 €29.04 43
Asset-Based
NCAV (Graham) €12.62 €16.91 €25.24 50
Growth DCF
Growth DCF €62.27 €124.12 €225.47 80
Rev-Margin DCF €33.49 €54.02 €97.47 74
Economic Profit
Residual Income €17.83 €17.16 €13.55 76
ROIC Compounder €14.47 €16.97 €19.16 72
Growth Earnings
Growth-Adj P/E €14.94 €21.34 €27.74 68

Widest divergence: DCF Models (€75.46) versus Multiples (€9.46). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €35.8B
Revenue growth (YoY) -5.2%
Net margin 0.9%
Return on equity 0.8%
Free cash flow €3.6B FY2025
P/E ratio 136.6
More key figures
Operating margin 7.1%
EPS (TTM) €0.3400
Dividend yield 2.2%
EPS growth (YoY) -63.0%
Net debt €6.4B FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 55

Profitability 26
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

Dr. Ing. h.c. F. Porsche AG engages in automotive and financial services business in Germany, Europe, North America, China, and internationally. The company procures, develops, manufactures, and sells vehicles, as well as related services.

Full company description

Dr. Ing. h.c. F. Porsche AG engages in automotive and financial services business in Germany, Europe, North America, China, and internationally. The company procures, develops, manufactures, and sells vehicles, as well as related services. It also offers leasing, dealer and customer financing, mobility services for Porsche brand vehicles, and other finance-related services. The company was formerly known as Porsche Fünfte Vermögensverwaltung AG and changed its name to Dr. Ing. h.c. F. Porsche AG in November 2009. The company was founded in 2009 and is headquartered in Stuttgart, Germany. Dr. Ing. h.c. F. Porsche AG is a subsidiary of Porsche Holding Stuttgart GmbH.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dr. Ing. h.c. F. Porsche AG reported revenue of €36.3B in FY2025 versus €33.1B in FY2021, a compound +2.3%/yr. Reported net income was €431M in FY2025, compounding −42.8%/yr from FY2021.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€36.3B
Latest YoY
−9.5%
Avg. growth/yr (3Y)
−1.2%
Avg. growth/yr (5Y)
+4.8%
Avg. growth/yr (19Y)
+8.9%
Revenue +2.3%/yr
FY21 €33.1B
FY22 €37.6B
FY23 €40.5B
FY24 €40.1B
FY25 €36.3B
Net income −42.8%/yr
FY21 €4.0B
FY22 €5.0B
FY23 €5.2B
FY24 €3.6B
FY25 €431M

P911 screens 20% overvalued. Compare with Toyota Motor Corporation →

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Cite: Fair Value Calculator (2026). "Dr. Ing. h.c. F. Porsche AG Fair Value". https://www.fairvalue-calculator.com/stock/P911

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Auto Manufacturers · 119 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.

Quality Score 49 · Above median
Fair Value upside −20% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth -5% · Below median
Dividend yield (TTM) 2.2% · Below median
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Auto Manufacturers median · lower = cheaper

P/E (TTM) 136.6× · Pricier than 75% of peers
P/B 2.12× · Pricier than median
P/S (TTM) 1.36× · Pricier than 75% of peers
P/FCF 13.5× · Pricier than 75% of peers
EV/EBITDA 20.2× · Pricier than 75% of peers
PEG 0.47× · Cheaper than 75% of peers

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 6 · sector 26
FUTURE 0 · sector 32
PAST 3 · sector 17
HEALTH 88 · sector 94
DIVIDEND 44 · sector 46

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $179.76 $224.63 +25%
BYD Company 81211 HK$80.55 HK$50.85 -37%
Hyundai Motor Company 005380 425,000 KRW 616,918 KRW +45%
General Motors Company GM $77.72 $56.93 -27%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,944 MXN +54%
Ferrari N.V RACE $376.64 $228.05 -39%
Ford Motor Company F C$11.86 C$4.00 -66%
Mercedes-Benz Group BENZ C$20.44 C$35.15 +72%
Volkswagen AG VOW 2,149 CZK 7,191 CZK +235%
Maruti Suzuki India Limited MARUTI ₹13,803 ₹8,236 -40%

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Frequently asked questions

Is Dr. Ing. h.c. F. Porsche AG (P911) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of €34.68 versus a price of €43.54, about −20% (overvalued).
What is the fair value of P911?
Our model-based fair value for Dr. Ing. h.c. F. Porsche AG is €34.68 (as of Jul 12, 2026), built from audited fundamentals. The current price is €43.54.
What is the quality score of P911?
Dr. Ing. h.c. F. Porsche AG has a Quality Score of 49/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Dr. Ing. h.c. F. Porsche AG (P911)?
Dr. Ing. h.c. F. Porsche AG reported trailing-twelve-month revenue of about €35.8B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of P911?
The net profit margin of Dr. Ing. h.c. F. Porsche AG is about 0.9%, meaning it keeps roughly 0.9% of revenue as net income. Based on the latest reported figures.
Does Dr. Ing. h.c. F. Porsche AG pay a dividend?
Dr. Ing. h.c. F. Porsche AG currently shows a dividend yield of about 2.19% relative to its recent price (as of Jul 12, 2026).

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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