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Koninklijke Philips N.V (PHIA) Fair Value & Analysis

Healthcare · NL · Market cap €23.4B

KP Koninklijke Philips N.V PHIA · AS
Price€23.13
Fair Value€14.36
Upside-37.9%
Quality60/100
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Weak Growth
Thin margins · 5.5% net margin
Moderate debt · generates free cash flow
3.55% dividend yield
Ranks above peers (10/15)
Narrow moat 40/100
Evidence: High Range €9.50 – €21.69 Share as image

Fair value as of: Jul 14, 2026

From 24 valuation models · updated 26 days ago

Fair value updated Jul 14, 2026, revised from €14.65 to €14.36 (−2.0%) since Jun 24, 2026. Share price −4.0% over the past month.

A solid business, but screening 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€21.69). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€9.50 to €21.69) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€35.15 €9.54 Fair Value €14.36 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range €9.54 – €35.15 · fair‑value band €9.50 – €21.69 · the €23.13 price screens above the €14.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Koninklijke Philips N.V (PHIA) currently trades at €23.13, while our model-based Fair Value estimate is €14.36, implying the stock looks roughly 37.9% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Healthcare 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, Koninklijke Philips N.V generated revenue of €17.6B at a net margin of 5.5%. Revenue declined 4.7% year over year. It earns a return on equity of 8.4%. Net debt stands at €5.3B. Fundamentals as of Jul 14, 2026

Our scenario range runs from €9.50 (bear case) to €21.69 (bull case); at €23.13, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 13% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at -38%, PHIA 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 €6.09 €9.53 €15.42 80
Residual Income €9.45 €10.17 €11.93 76
Rev-Margin DCF €8.82 €15.63 €23.88 74
All 24 models by family
DCF Models
FCF DCF €5.67 €9.22 €15.78 38
Owner Earnings €14.16 €21.04 €33.78 31
5Y Revenue Exit €8.82 €15.42 €25.03 39
5Y EBITDA Exit €15.88 €27.65 €43.23 41
5Y P/E Exit €8.12 €14.22 €21.49 38
10Y Revenue Exit €7.11 €11.92 €17.17 36
10Y EBITDA Exit €11.80 €19.48 €27.86 37
10Y P/E Exit €7.09 €11.17 €15.09 35
Earnings-Based
Graham-Dodd €6.27 €7.66 €8.62 54
EPV €10.03 €12.26 €14.21 59
Dividend Discount
Gordon GGM €3.10 €3.39 €3.84 70
DDM Multi-Stage €3.10 €3.89 €4.99 61
Multiples
P/E Multiple €15.21 €20.28 €25.35 63
P/S Multiple €11.75 €15.67 €19.59 58
P/B Multiple €11.75 €15.67 €19.59 55
EV/EBIT €18.26 €25.47 €32.68 53
EV/EBITDA €26.60 €36.59 €46.57 54
EV/Revenue €12.08 €18.69 €25.30 43
Asset-Based
NCAV (Graham) €5.64 €7.55 €11.27 50
Growth DCF
Growth DCF €6.09 €9.53 €15.42 80
Rev-Margin DCF €8.82 €15.63 €23.88 74
Economic Profit
Residual Income €9.45 €10.17 €11.93 76
ROIC Compounder €10.03 €12.40 €15.10 72
Growth Earnings
Growth-Adj P/E €10.72 €15.32 €19.91 68

Widest divergence: Multiples (€18.69) versus Dividend Discount (€3.39). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €17.6B
Revenue growth (YoY) -4.7%
Net margin 5.5%
Return on equity 8.4%
Free cash flow €903M FY2025
P/E ratio 22.9
More key figures
Operating margin 6.2%
EPS (TTM) €1.00
Dividend yield 3.7%
EPS growth (YoY) +97.2%
Net debt €5.3B FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 57 · Market factors (momentum, volatility) 52

Profitability 40
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 59
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

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. It operates through Diagnosis & Treatment, Connected Care, and Personal Health segments.

Full company description

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. It operates through Diagnosis & Treatment, Connected Care, and Personal Health segments. The company provides diagnostic imaging solutions, includes ultrasound business unit, magnetic resonance imaging, computed tomography, and diagnostic x-ray; Image Guided Therapy, including image guided therapy systems and image guided therapy devices. It also offers monitoring, enterprise informatics, and sleep and respiratory care, as well as personal health. Koninklijke Philips N.V. has strategic alliance with WellSpan Health to advanced imaging and diagnostics technology products and platforms. The company was formerly known as Koninklijke Philips Electronics N.V. and changed its name to Koninklijke Philips N.V. in May 2013. Koninklijke Philips N.V. was founded in 1891 and is headquartered in Amsterdam, the Netherlands.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Koninklijke Philips N.V reported revenue of €17.8B in FY2025 versus €17.2B in FY2021, a compound +1.0%/yr. Reported net income was €896M in FY2025, compounding −27.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€17.8B
Latest YoY
−1.0%
Avg. growth/yr (3Y)
+0.0%
Avg. growth/yr (5Y)
−1.8%
Avg. growth/yr (38Y)
−0.7%
Revenue +1.0%/yr
FY21 €17.2B
FY22 €17.8B
FY23 €18.2B
FY24 €18.0B
FY25 €17.8B
Net income −27.9%/yr
FY21 €3.3B
FY22 −€1.6B
FY23 −€466M
FY24 −€702M
FY25 €896M

PHIA screens 38% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Koninklijke Philips N.V Fair Value". https://www.fairvalue-calculator.com/stock/PHIA

Earlier news

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

Peer Group

Medical Devices · 351 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 60 · Above median
Fair Value upside −38% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -5% · Below median
Dividend yield (TTM) 3.6% · Top 25%
Debt / equity 0.55× · Higher than 75% of peers

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 24.1× · Cheaper than median
P/B 2.47× · Pricier than median
P/S (TTM) 1.53× · Cheaper than median
P/FCF 29.9× · Pricier than 75% of peers
EV/EBITDA 14.5× · Cheaper than median
PEG 0.92× · 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 0 · sector 0
FUTURE 0 · sector 27
PAST 33 · sector 8
HEALTH 72 · sector 97
DIVIDEND 71 · sector 38

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.

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is Koninklijke Philips N.V (PHIA) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €14.36 versus a price of €23.13, about −38% (overvalued).
What is the fair value of PHIA?
Our model-based fair value for Koninklijke Philips N.V is €14.36 (as of Jul 14, 2026), built from audited fundamentals. The current price is €23.13.
What is the quality score of PHIA?
Koninklijke Philips N.V has a Quality Score of 60/100. 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 revenue of Koninklijke Philips N.V (PHIA)?
Koninklijke Philips N.V reported trailing-twelve-month revenue of about €17.6B (latest available figure, as of Jul 14, 2026).
What is the net profit margin of PHIA?
The net profit margin of Koninklijke Philips N.V is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does Koninklijke Philips N.V pay a dividend?
Koninklijke Philips N.V currently shows a dividend yield of about 3.73% relative to its recent price (as of Jul 14, 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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