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PHOENIX N AG (PMN) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of PHOENIX N AG stock CHF 278, price CHF 435, that is 36.1% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials CH · ISIN CH1261338102

PN PHOENIX N AG logo Some data Nov 5, 2026

PHOENIX N AG

PMN · SW
Solid, but very expensive

Our calculation puts a fair price 36% below what the stock costs today.

Low debt
Quality 58/100
Expensive Growth (revenue 5y +2.0 %/yr in EUR)
Thin margins · 4.1% net margin (TTM)
4.5% dividend yield · Watch coverage
Mixed vs. peers (8/14)
Some data
Fair value CHF 278.13 · Strongly overvalued (−36.1%)
Negative free cash flow
Narrow moat 43/100 · thin data
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

CHF 464.00 CHF 247.46 Fair Value CHF 278.13 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range CHF 247.46 – CHF 464.00 · fair‑value band CHF 236.26 – CHF 367.96 · the CHF 435.00 price screens above the CHF 278.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Phoenix Mecano AG, together with its subsidiaries, manufactures and sells components for industrial customers worldwide. It operates through three divisions: Enclosure Systems, DewertOkin Technology Group, and Industrial Components.

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The Enclosure Systems division develops, produces, sells, and trades in industrial and electronic enclosures made of aluminum, stainless steel, plastics, and glass-fibre reinforced polyester; human-machine interface solutions, consisting of panel PCs, industrial PCs, and industrial monitors; input units such as membrane keypads, short-stroke keys, and touchscreens; and provides system integration, toolmaking, plastic injection moulding, and aluminum die casting solutions.

The DewertOkin Technology Group division manufactures drives, systems, and fittings technology for electrically adjustable comfort and healthcare furniture and ergonomic office workstation design, nursing and hospital bed; individual mechanical components; and customized and coordinated system solutions for use in smart furniture, medical applications, and control systems for height-adjustable desks, as well as smart-health software solutions.

The Industrial Components division provides linear units and lifting columns, aluminium profile and tube connection systems, as well as ergonomic workstation systems; terminal blocks, connector systems, test probes, series terminals, inductors, and switches for industrial electronics; and measuring systems, transformers, and instrument transformers, as well as electric cylinders.

Phoenix Mecano AG was formerly known as Phoenix Maschinentechnik AG and changed its name to Phoenix Mecano AG in 1986. The company was founded in 1975 and is headquartered in Stein am Rhein, Switzerland.

Stock analysis

PHOENIX N AG (PMN) currently trades at CHF 435.00, while our model-based Fair Value estimate is CHF 278.13, 36% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of CHF 609.91 per share, and 6 of the 15 models we run sit above the CHF 435.00 price.

Bear case: the Asset-Based group reads lowest at CHF 58.89, and 9 of the 15 models stay below the price. Data coverage for this calculation is medium.

Scenario range: CHF 236.26 (bear) to CHF 367.96 (bull), the price of CHF 435.00 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 58/100 (solid quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

PHOENIX N AG reported revenue of €752M in FY2025 versus €810M in FY2021, a compound −1.8%/yr. Reported net income was €30.5M in FY2025, compounding −0.8%/yr from FY2021.

Key figures

Market cap CHF 402M Small · P/E ratio 14.1 · P/S ratio 0.58 · EPS (TTM) CHF 30.93 · Dividend yield 4.5% · Net margin 4.1% · Return on equity 12.1% · Return on assets (EBIT) 8.5% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).

What moves the price

The share trades about 6% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −36%, PMN screens cheaper than that median.

Fair Value models

Bear CHF 236.26 Fair Value CHF 278.13 Bull CHF 367.96
Price CHF 435.00 · Downside -36.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (CHF 9.77 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. Coverage ⓘCoverage = 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.
Best data coverage
Owner Earnings CHF 213.84 CHF 276.98 CHF 366.43 78
Residual Income CHF 235.28 CHF 266.14 CHF 332.57 76
EPV CHF 323.89 CHF 368.11 CHF 406.14 74
All 15 models by family
DCF Models
Owner Earnings CHF 213.84 CHF 276.98 CHF 366.43 78
Earnings-Based
Graham-Dodd CHF 206.03 CHF 413.58 CHF 519.87 66
EPV CHF 323.89 CHF 368.11 CHF 406.14 74
Dividend Discount
Gordon GGM CHF 163.85 CHF 230.78 CHF 296.97 69
DDM Multi-Stage CHF 163.85 CHF 226.29 CHF 295.25 67
Multiples
P/E Multiple CHF 477.21 CHF 636.28 CHF 795.35 63
P/S Multiple CHF 386.31 CHF 515.08 CHF 643.86 58
P/B Multiple CHF 320.66 CHF 427.55 CHF 534.43 55
EV/EBIT CHF 572.31 CHF 763.06 CHF 953.80 66
EV/EBITDA CHF 664.60 CHF 886.11 CHF 1,108 67
EV/Revenue CHF 408.50 CHF 583.53 CHF 758.57 53
Asset-Based
NCAV (Graham) CHF 38.86 CHF 58.89 CHF 73.61 54
Economic Profit
Residual Income CHF 235.28 CHF 266.14 CHF 332.57 76
ROIC Compounder CHF 329.45 CHF 386.26 CHF 445.37 72
Growth Earnings
Growth-Adj P/E CHF 346.17 CHF 494.53 CHF 642.89 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 58/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 51
How much profit the company makes from its sales and capital
Quality Growth 25
Are margins and returns getting better?
Cashflow 22
Do the profits arrive as real cash?
Financial strength 71
Debt, balance sheet and risk of trouble
Investment 92
Does it invest with discipline instead of growing at any price?
Low Volatility 83
How calm the share price moves, does not count
Price momentum 46
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 53
Distance to the 52-week high, does not count
New shares 90
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 29/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.4%
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.
−1.4%
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.
+2.0%
Start year 2020 (pandemic). Over 10 years: +3.1% a year
Revenue growth 23 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.
+3.8%
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.
+21.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.4%
Dividend (yield on the price)4.5%
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.3% → 6%

PMN screens overvalued: fair value 36% below the price. Compare with SIE →

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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.Specialty Industrial Machinery · 814 stocks

Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 58 · Above median
Fair Value upside −36.1% · Below median
Profitability
Return on equity (12 months) 12.1% · Above median
Return on assets 5.1% · Above median
Net margin (12 months) 4.1% · Below median
Operating margin (12 months) 6.9% · Below median
Growth and dividend
Revenue growth (quarter YoY) 1.8% · Below median
Dividend yield (12 months) 4.5% · Top 25%
Balance sheet
Debt / equity 0.19× · Above median

Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper

P/E (12 months) 14.1× · Cheapest 25%
P/B 1.69× · Cheaper than median
P/S (12 months) 0.58× · Cheapest 25%
EV/EBITDA 4.8× · Cheapest 25%
PEG 1.89× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)9 · sector 31
PAST (return on equity)48 · sector 27
HEALTH (low debt)91 · sector 96
DIVIDEND (yield)90 · sector 29

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cummins Inc CMI $450.07 $358.52 −20% vs PMN
SIE SIE €263.65 €149.56 −43% vs PMN
AMETEK, Inc AME $228.67 $125.74 −45% vs PMN
Illinois Tool Works Inc ITW $280.95 $154.30 −45% vs PMN
Sandvik AB SAND kr 357.40 kr 194.33 −46% vs PMN
Parker-Hannifin Corporation PH $917.79 $492.86 −46% vs PMN
Emerson Electric Co EMR $162.35 $79.99 −51% vs PMN
Eaton Corporation ETN $341.72 $156.90 −54% vs PMN
Rockwell Automation, Inc ROK $375.86 $139.31 −63% vs PMN
GE Vernova Inc GEV $774.11 $143.50 −81% vs PMN

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PHOENIX N AG: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "PHOENIX N AG Fair Value". https://www.fairvalue-calculator.com/stock/PMN

Frequently asked questions

Is PHOENIX N AG (PMN) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of CHF 278.13 versus a price of CHF 435.00, about 36% lower (overvalued).
What is the fair value of PMN?
Our model-based fair value for PHOENIX N AG is CHF 278.13 (as of Nov 5, 2026), built from audited fundamentals. The current price: CHF 435.00.
What is the quality score of PMN?
PHOENIX N AG has a Quality Score of 58/100. 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 PHOENIX N AG (PMN)?
Our model-based price target is the fair value of CHF 278.13 (as of Nov 5, 2026) from 15 valuation models. Cautious scenario CHF 236.26, optimistic scenario CHF 367.96. It is a calculation from audited fundamentals, not an analyst target.
What is the PHOENIX N AG stock forecast for 2026?
Our models put fair value at CHF 278.13, about 36% lower versus a price of CHF 435.00 (overvalued). Cautious scenario CHF 236.26, optimistic scenario CHF 367.96. The calculation is refreshed regularly with new filings.
What is the revenue of PHOENIX N AG (PMN)?
PHOENIX N AG reported trailing-twelve-month revenue of about €754M (latest available figure, as of Nov 5, 2026).
Does PHOENIX N AG pay a dividend?
PHOENIX N AG currently shows a dividend yield of 4.48% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of PHOENIX N AG (PMN) and when is the ex-dividend date?
PHOENIX N AG pays a dividend of CHF 19.50 per share a year, a dividend yield of 4.5%. The last ex-dividend date was May 26, 2026. A dividend has been paid every year since 2004. The payout ratio is 64.4% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of PHOENIX N AG (PMN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PHOENIX N AG it is CHF 278.13 per share (as of Nov 5, 2026), against a price of CHF 435.00. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is PHOENIX N AG stock overvalued or undervalued in 2026?
As of Nov 5, 2026, PMN trades above its calculated fair value: price CHF 435.00, fair value CHF 278.13, a gap of about −36% (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 PMN?
No. The price is what the market pays today (CHF 435.00); the fair value is what the company's own numbers justify (CHF 278.13). For PHOENIX N AG the two are CHF 156.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is PHOENIX N AG worth?
The market values PHOENIX N AG at about CHF 402M (market capitalisation, as of Nov 5, 2026). Per share that is CHF 435.00; our models calculate a fair value of CHF 278.13 per share.
What do the bullish and bearish scenarios say about PMN?
Our models span a range for PHOENIX N AG: cautious scenario CHF 236.26, base CHF 278.13, optimistic CHF 367.96 per share (as of Nov 5, 2026, price CHF 435.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PMN?
PHOENIX N AG trades at a price-to-earnings ratio of 14.1 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 278.13 is built from several models across several years. Other multiples: PEG 1.9, P/B 1.7, P/S 0.6, EV/EBITDA 4.8.
What is the PEG ratio of PMN?
The PEG ratio of PHOENIX N AG is 1.89 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of PHOENIX N AG (PMN)?
Balance-sheet figures for PHOENIX N AG (as of Nov 5, 2026): return on equity 12.1%, debt of 0.19 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is PMN from its 52-week high?
PHOENIX N AG trades at CHF 435.00, about 6% below its 52-week high of CHF 464.00 and 14% above the low of CHF 381.90 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 278.13 is for.
Which stocks are comparable to PHOENIX N AG?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, 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 PHOENIX N AG stock attractive at the current price?
The data as of Nov 5, 2026: price CHF 435.00, calculated fair value CHF 278.13 (−36%), Quality Score 58/100, from 15 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 PMN calculated?
We run PHOENIX N AG through 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of CHF 278.13 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. PHOENIX N AG 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 PHOENIX N AG (PMN)?
The closing price on Nov 6, 2026 was CHF 435.00. Our model-based fair value is CHF 278.13, about 36% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PHOENIX N AG right now?
The price sits above even our optimistic bull case (CHF 367.96). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of PHOENIX N AG

How large is the market capitalisation of PHOENIX N AG (PMN)?
The market capitalisation of PHOENIX N AG is CHF 402M. 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 PHOENIX N AG (PMN)?
The price-to-sales ratio of PHOENIX N AG is 0.58 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PHOENIX N AG (PMN)?
Earnings per share at PHOENIX N AG are CHF 30.93 (price ÷ EPS = P/E 14.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PHOENIX N AG (PMN)?
The dividend yield of PHOENIX N AG is 4.5% (payout 63.0%). 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 PHOENIX N AG (PMN)?
The net margin of PHOENIX N AG is 4.1% (last twelve months). 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 PHOENIX N AG (PMN)?
The return on equity (ROE) of PHOENIX N AG is 12.1% (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 PHOENIX N AG (PMN)?
On an EBIT basis the return on assets of PHOENIX N AG is 8.5% (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 PHOENIX N AG (PMN)?
The operating margin of PHOENIX N AG is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PHOENIX N AG (PMN)?
Revenue at PHOENIX N AG is growing +1.8% versus a year earlier (3y avg −1.4%). 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 PHOENIX N AG (PMN)?
Earnings per share at PHOENIX N AG are growing +5.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PHOENIX N AG (PMN) generate?
The free cash flow of PHOENIX N AG is −€1.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does PHOENIX N AG (PMN) hold?
PHOENIX N AG holds more cash than debt, €81.9K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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