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Porsche Automobil Holding (PSHE) Fair Value & Analysis

Consumer Cyclical · PL · Market cap 36.2B PLN

PA Porsche Automobil Holding PSHE · WAR
Price124.80 PLN
Fair Value114.91 PLN
Upside-7.9%
Quality57/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
1.28% dividend yield
Trails peers (4/12)
Narrow moat 35/100
Evidence: High Range 99.02 PLN – 178.07 PLN Share as image

Fair value as of: Jul 19, 2026

From 25 valuation models · updated 19 days ago

Fair value updated Jul 19, 2026, revised from 21.46 PLN to 114.91 PLN (+435.5%) since Jul 5, 2026. Share price +1.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 99.02 PLN (bear) to 178.07 PLN (bull), base 114.91 PLN. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 57/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (3 years)

220.52 PLN 114.90 PLN Fair Value 114.91 PLN Jun 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

38‑month range 114.90 PLN – 220.52 PLN · fair‑value band 99.02 PLN – 178.07 PLN · the 124.80 PLN price screens above the 114.91 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Porsche Automobil Holding (PSHE) currently trades at 124.80 PLN, while our model-based Fair Value estimate is 114.91 PLN, implying the stock looks roughly 7.9% fairly valued today. We read business quality at 57/100 (solid 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).

It earns a return on equity of 7.8%. Net debt stands at 6.0B PLN. The stock trades on a trailing P/E of 3.5. Fundamentals as of Jul 19, 2026

Our scenario range runs from 99.02 PLN (bear case) to 178.07 PLN (bull case); at 124.80 PLN, the current price sits within 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 29% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at -8%, PSHE 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 17.22 PLN 52.85 PLN 111.25 PLN 80
Residual Income 99.94 PLN 105.02 PLN 112.60 PLN 76
Rev-Margin DCF 6.54 PLN 24.60 PLN 62.57 PLN 74
All 25 models by family
DCF Models
FCF DCF 19.51 PLN 41.57 PLN 111.83 PLN 38
5Y Revenue Exit 4.25 PLN 19.09 PLN 49.98 PLN 39
5Y EBITDA Exit 56.27 PLN 124.28 PLN 258.04 PLN 41
5Y P/E Exit 89.63 PLN 247.44 PLN 466.59 PLN 38
10Y Revenue Exit 8.38 PLN 36.14 PLN 52.24 PLN 36
10Y EBITDA Exit 47.05 PLN 148.16 PLN 330.89 PLN 37
10Y P/E Exit 71.40 PLN 220.00 PLN 473.74 PLN 35
Earnings-Based
Graham-Dodd 58.86 PLN 410.50 PLN 576.08 PLN 54
Lynch FV 212.08 PLN 302.97 PLN 393.86 PLN 50
PEG = 1.0 212.08 PLN 302.97 PLN 393.86 PLN 46
EPV 56.32 PLN 68.87 PLN 79.85 PLN 59
Dividend Discount
Gordon GGM 17.51 PLN 36.41 PLN 57.75 PLN 70
DDM Multi-Stage 17.51 PLN 30.70 PLN 38.21 PLN 61
Multiples
P/E Multiple 129.84 PLN 173.13 PLN 216.41 PLN 63
P/S Multiple 16.79 PLN 22.39 PLN 27.99 PLN 58
P/B Multiple 110.37 PLN 147.16 PLN 183.95 PLN 55
EV/EBIT 99.61 PLN 139.14 PLN 178.67 PLN 53
EV/EBITDA 66.71 PLN 95.27 PLN 123.82 PLN 54
EV/Revenue 3.43 PLN 10.14 PLN 43
Asset-Based
NCAV (Graham) 61.74 PLN 82.73 PLN 123.48 PLN 50
Growth DCF
Growth DCF 17.22 PLN 52.85 PLN 111.25 PLN 80
Rev-Margin DCF 6.54 PLN 24.60 PLN 62.57 PLN 74
Economic Profit
Residual Income 99.94 PLN 105.02 PLN 112.60 PLN 76
ROIC Compounder 56.32 PLN 68.87 PLN 79.85 PLN 72
Growth Earnings
Growth-Adj P/E 273.28 PLN 390.40 PLN 507.52 PLN 68

Widest divergence: Growth Earnings (390.40 PLN) versus Growth DCF (24.60 PLN). Highest evidence: Growth DCF (80).

Key figures & financial health

Return on equity 7.8%
Free cash flow 700M PLN FY2025
P/E ratio 3.0
EPS (TTM) 39.30 PLN
Dividend yield 1.3%
EPS growth (YoY) +34.6%
More key figures
Net debt 6.0B PLN FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 72 · Market factors (momentum, volatility) 26

Profitability 39
Margins and returns on capital today
Quality Growth 90
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology.

Full company description

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, "KODA, Cupra Bentley, Lamborghini, Ducati, and Porsche brand names. The company was formerly known as Dr. Ing. h.c. F. Porsche Aktiengesellschaft and changed its name to Porsche Automobil Holding SE in November 2007. Porsche Automobil Holding SE was incorporated in 2007 and is headquartered in Stuttgart, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Porsche Automobil Holding reported revenue of 2.7B PLN in FY2025 versus 4.6B PLN in FY2021, a compound −12.3%/yr. Reported net income was 2.7B PLN in FY2025, compounding −12.7%/yr from FY2021.

Growth Quality 35/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.7B PLN
Avg. growth/yr (3Y)
−20.4%
Avg. growth/yr (5Y)
+0.8%
Avg. growth/yr (9Y)
+141.0%
Revenue −12.3%/yr
FY21 4.6B PLN
FY22 5.4B PLN
FY23 5.4B PLN
FY24 −19.9B PLN
FY25 2.7B PLN
Net income −12.7%/yr
FY21 4.6B PLN
FY22 5.5B PLN
FY23 5.1B PLN
FY24 −20.0B PLN
FY25 2.7B PLN

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Cite: Fair Value Calculator (2026). "Porsche Automobil Holding Fair Value". https://www.fairvalue-calculator.com/stock/PSHE

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 57 · Top 25%
Fair Value upside −8% · Below median
Return on equity (TTM) 8% · Above median
Return on assets -0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Auto Manufacturers median · lower = cheaper

P/E (TTM) 3.0× · Cheaper than 75% of peers
P/B 0.26× · Cheaper than 75% of peers
P/FCF 13.9× · Pricier 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 23 · sector 26
FUTURE 0 · sector 32
PAST 31 · sector 17
HEALTH 91 · sector 94
DIVIDEND 26 · 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 19, 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 Porsche Automobil Holding (PSHE) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 114.91 PLN versus a price of 124.80 PLN, about −8% (fairly valued).
What is the fair value of PSHE?
Our model-based fair value for Porsche Automobil Holding is 114.91 PLN (as of Jul 19, 2026), built from audited fundamentals. The current price is 124.80 PLN.
What is the quality score of PSHE?
Porsche Automobil Holding has a Quality Score of 57/100. 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 net profit margin of PSHE?
The net profit margin of Porsche Automobil Holding is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Porsche Automobil Holding pay a dividend?
Porsche Automobil Holding currently shows a dividend yield of about 1.28% relative to its recent price (as of Jul 19, 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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