Park & Bellheimer AG (PKB) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Park & Bellheimer AG €6.08, price €2.42, upside +151.2%, quality 54 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 3, 2026.
How to read this chart
60‑month range €1.51 – €2.98 · fair‑value band €4.21 – €7.77 · the €2.42 price screens below the €6.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
Follow Park & Bellheimer in your weekly email
Every Wednesday you see whether Park & Bellheimer 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.
Park & Bellheimer AG, together with its subsidiaries, produces and distributes beer and non-alcoholic beverages in Germany. It offers beer, soft drinks, brewing products, and mineral water under the Park, Bellheimer, Valentins Weissbier, Rheingönheimer, and Bellaris brands.
Show more
Park & Bellheimer AG, together with its subsidiaries, produces and distributes beer and non-alcoholic beverages in Germany. It offers beer, soft drinks, brewing products, and mineral water under the Park, Bellheimer, Valentins Weissbier, Rheingönheimer, and Bellaris brands. The company was formerly known as Parkbrauerei AG Pirmasens-Zweibrücken and changed its name to Park & Bellheimer AG in 1995. Park & Bellheimer AG was incorporated in 1888 and is based in Pirmasens, Germany.
Stock analysis
Park & Bellheimer AG (PKB) currently trades at €2.42, while our model-based Fair Value estimate is €6.08, implying the stock looks roughly 60.2% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of €6.23 per share, and 20 of the 22 models we run sit above the €2.42 price.
Bear case: the Asset-Based group reads lowest at €2.29, and 2 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: €4.21 (bear) to €7.77 (bull), the price of €2.42 sits below 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 54/100 (solid quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Park & Bellheimer AG reported revenue of €25.8M in FY2025 versus €15.8M in FY2021, a compound +13.1%/yr. Reported net income was €1.8M in FY2025, compounding +332.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €12.1M · P/E ratio 6.9 · P/S ratio 0.49 · EPS (TTM) €0.3500 · Net margin 7.1% · Return on equity 10.0% · Return on assets (EBIT) 4.5% · Operating margin 9.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 3% fair-value upside, at 151%, PKB screens cheaper than that median.
Fair Value models
Bear €4.21Fair Value €6.08Bull €7.77
Price €2.42 · Upside +151.2%
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 (€0.2666 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.61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.0%
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.
+5.2%
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.
+10.0%
Start year 2020 (pandemic). Over 10 years: +3.4% a year
Revenue growth 12 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.
+3.3%
’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.
+51.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+51.9%
Dividend (yield on the price)0.0%
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.−11% → 5%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−1.6%
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 −3.7% a year for the price.
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.Beverages - Brewers · 53 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+151.2% · Top 25%
Profitability
Return on equity (TTM)10.0% · Above median
Return on assets1.8% · Below median
Net margin (TTM)6.6% · Below median
Operating margin (TTM)9.1% · Below median
Growth and dividend
Revenue growth4.4% · Above median
Balance sheet
Debt / equity0.08× · Above median
Valuation Multiplesvs Beverages - Brewers 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). "Park & Bellheimer AG Fair Value". https://www.fairvalue-calculator.com/stock/PKB
Frequently asked questions
Is Park & Bellheimer AG (PKB) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of €6.08 versus a price of €2.42, about +151% upside (undervalued).
What is the fair value of PKB?
Our model-based fair value for Park & Bellheimer AG is €6.08 (as of Oct 3, 2026), built from audited fundamentals. The current price: €2.42.
What is the quality score of PKB?
Park & Bellheimer AG has a Quality Score of 54/100. 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 Park & Bellheimer AG (PKB)?
Our model-based price target is the fair value of €6.08 (as of Oct 3, 2026) from 22 valuation models. Cautious scenario €4.21, optimistic scenario €7.77. It is a calculation from audited fundamentals, not an analyst target.
What is the Park & Bellheimer AG stock forecast for 2026?
Our models put fair value at €6.08, about +151% upside versus a price of €2.42 (undervalued). Cautious scenario €4.21, optimistic scenario €7.77. The calculation is refreshed regularly with new filings.
What is the revenue of Park & Bellheimer AG (PKB)?
Park & Bellheimer AG reported trailing-twelve-month revenue of about €26.4M (latest available figure, as of Oct 3, 2026).
What growth is priced into Park & Bellheimer AG (PKB)?
For today's price to be fair in a discounted-cash-flow model, Park & Bellheimer AG would have to grow free cash flow by -1.6 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.0 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of PKB use?
Our models discount Park & Bellheimer AG at 9.5 %: a base by market capitalisation (nano), 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 Park & Bellheimer AG that is -1.6 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Park & Bellheimer AG (PKB) delivered so far?
Over the past 5 years revenue at Park & Bellheimer AG grew +10.0 % a year. The price currently implies -1.6 % 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 Park & Bellheimer AG (PKB) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Park & Bellheimer AG (-1.6 % 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 Park & Bellheimer AG (PKB)?
The free-cash-flow yield on the price is 4.72 %: that much free cash flow Park & Bellheimer AG produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Park & Bellheimer AG (PKB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Park & Bellheimer AG it is €6.08 per share (as of Oct 3, 2026), against a price of €2.42. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Park & Bellheimer AG stock overvalued or undervalued in 2026?
As of Oct 3, 2026, PKB trades below its calculated fair value: price €2.42, fair value €6.08, a gap of about +151% (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 PKB?
No. The price is what the market pays today (€2.42); the fair value is what the company's own numbers justify (€6.08). For Park & Bellheimer AG the two are €3.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is Park & Bellheimer AG worth?
The market values Park & Bellheimer AG at about €12.1M (market capitalisation, as of Oct 3, 2026). Per share that is €2.42; our models calculate a fair value of €6.08 per share.
What do the bullish and bearish scenarios say about PKB?
Our models span a range for Park & Bellheimer AG: cautious scenario €4.21, base €6.08, optimistic €7.77 per share (as of Oct 3, 2026, price €2.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PKB?
Park & Bellheimer AG trades at a price-to-earnings ratio of 6.9 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €6.08 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.5, EV/EBITDA 1.1.
How solid is the balance sheet of Park & Bellheimer AG (PKB)?
Balance-sheet figures for Park & Bellheimer AG (as of Oct 3, 2026): return on equity 10.0%, debt of 0.08 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is PKB from its 52-week high?
Park & Bellheimer AG trades at €2.42, about 19% below its 52-week high of €2.98 and 4% above the low of €2.32 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €6.08 is for.
Which stocks are comparable to Park & Bellheimer AG?
From the same area (Consumer Defensive) we also value Anheuser-Busch InBev SA, Heineken N.V, Fomento Económico Mexicano, S.A., Heineken Holding, 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 Park & Bellheimer AG stock attractive at the current price?
The data as of Oct 3, 2026: price €2.42, calculated fair value €6.08 (+151%), Quality Score 54/100, from 22 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 PKB calculated?
We run Park & Bellheimer AG through 22 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 €6.08, 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. Park & Bellheimer AG currently trades 60 % 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 Park & Bellheimer AG (PKB)?
The closing price on Oct 1, 2026 was €2.42. Our model-based fair value is €6.08, about +151% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Park & Bellheimer AG right now?
The price is below even our cautious bear case (€4.21). The market is more pessimistic than our downside scenario. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€4.21 to €7.77) leaves room in how you read the outcome.
Key figures of Park & Bellheimer AG
How large is the market capitalisation of Park & Bellheimer AG (PKB)?
The market capitalisation of Park & Bellheimer AG is €12.1M. 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 Park & Bellheimer AG (PKB)?
The price-to-sales ratio of Park & Bellheimer AG is 0.49 (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 Park & Bellheimer AG (PKB)?
Earnings per share at Park & Bellheimer AG are €0.3500 (price ÷ EPS = P/E 6.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Park & Bellheimer AG (PKB)?
The net margin of Park & Bellheimer AG is 7.1% (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 Park & Bellheimer AG (PKB)?
The return on equity (ROE) of Park & Bellheimer AG is 10.0% (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 Park & Bellheimer AG (PKB)?
On an EBIT basis the return on assets of Park & Bellheimer AG is 4.5% (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 Park & Bellheimer AG (PKB)?
The operating margin of Park & Bellheimer AG is 9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Park & Bellheimer AG (PKB)?
Revenue at Park & Bellheimer AG is growing +4.4% versus a year earlier (3y avg +5.2%). 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 Park & Bellheimer AG (PKB)?
Earnings per share at Park & Bellheimer AG are growing −9.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Park & Bellheimer AG (PKB) carry?
The net debt of Park & Bellheimer AG is €428K (fiscal year 2022, ≈ 0.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Park & Bellheimer AG in the live analysis
One click puts Park & Bellheimer 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.
