Porsche Automobil Holding SE Pfd. (PSHE) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Porsche Automobil Holding SE Pfd. PLN 495, price PLN 109, upside +354.1%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
40‑month range 109.00 PLN – 220.52 PLN · fair‑value band 269.27 PLN – 776.62 PLN · the 109.00 PLN price screens below the 494.97 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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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.
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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.
Stock analysis
Porsche Automobil Holding SE Pfd. (PSHE) currently trades at 109.00 PLN, while our model-based Fair Value estimate is 494.97 PLN, implying the stock looks roughly 78.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,762 PLN per share, and 21 of the 24 models we run sit above the 109.00 PLN price.
Bear case: the Growth DCF group reads lowest at 63.50 PLN, and 3 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 269.27 PLN (bear) to 776.62 PLN (bull), the price of 109.00 PLN 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 74/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Porsche Automobil Holding SE Pfd. reported revenue of €2.7B in FY2025 versus €4.6B in FY2021, a compound −12.3%/yr. Reported net income was €2.7B in FY2025, compounding −12.7%/yr from FY2021.
Key figures
Market cap 36.2B PLN (≈ $9.3B) · P/E ratio 3.0 · P/S ratio 2.90 · EPS (TTM) 39.30 PLN · Dividend yield 1.4% · Net margin 96.6% · Return on equity 7.8% · Return on assets (EBIT) −2.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 354%, PSHE screens cheaper than that median.
Fair Value models
Bear 269.27 PLNFair Value 494.97 PLNBull 776.62 PLN
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 (28.58 PLN 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.35/100
Revenue growth is weak: less than 2 % a year.
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.
−20.4%
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.
+0.8%
Start year 2020 (pandemic)
Revenue growth 9 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.
+141.0%
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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.
−8.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.7%
Dividend (yield on the price)1.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−9.7% vs 1.9%, slowing
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.−1% → 98%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+32.7%
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 +29.8% a year for the price.
Compare Porsche Automobil Holding SE Pfd. with another stock
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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.Auto Manufacturers · 106 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+51.4% · Above median
Profitability
Return on equity (TTM)7.8% · Above median
Return on assets−0.1% · Below median
Net margin (TTM)96.6% · Top 25%
Operating margin (TTM)0.0% · Below median
Growth and dividend
Revenue growth0.0% · Below median
Dividend yield (TTM)1.4% · Below median
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Auto Manufacturers median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Porsche Automobil Holding SE Pfd. Fair Value". https://www.fairvalue-calculator.com/stock/PSHE
Frequently asked questions
Is Porsche Automobil Holding SE Pfd. (PSHE) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 494.97 PLN versus a price of 109.00 PLN, about +354% upside (undervalued).
What is the fair value of PSHE?
Our model-based fair value for Porsche Automobil Holding SE Pfd. is 494.97 PLN (as of Sep 23, 2026), built from audited fundamentals. The current price: 109.00 PLN.
What is the quality score of PSHE?
Porsche Automobil Holding SE Pfd. has a Quality Score of 74/100. 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 Porsche Automobil Holding SE Pfd. (PSHE)?
Our model-based price target is the fair value of 494.97 PLN (as of Sep 23, 2026) from 24 valuation models. Cautious scenario 269.27 PLN, optimistic scenario 776.62 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Porsche Automobil Holding SE Pfd. stock forecast for 2026?
Our models put fair value at 494.97 PLN, about +354% upside versus a price of 109.00 PLN (undervalued). Cautious scenario 269.27 PLN, optimistic scenario 776.62 PLN. The calculation is refreshed regularly with new filings.
Does Porsche Automobil Holding SE Pfd. pay a dividend?
Porsche Automobil Holding SE Pfd. currently shows a dividend yield of about 1.39% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Porsche Automobil Holding SE Pfd. (PSHE)?
For today's price to be fair in a discounted-cash-flow model, Porsche Automobil Holding SE Pfd. would have to grow free cash flow by +32.7 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.8 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of PSHE use?
Our models discount Porsche Automobil Holding SE Pfd. at 10.5 %: a base by market capitalisation (mid), damped by beta 0.95, country premium for Poland. 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 Porsche Automobil Holding SE Pfd. that is +32.7 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Porsche Automobil Holding SE Pfd. (PSHE) delivered so far?
Over the past 5 years revenue at Porsche Automobil Holding SE Pfd. grew +0.8 % a year. The price currently implies +32.7 % 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 Porsche Automobil Holding SE Pfd. (PSHE) growing?
The median revenue growth in the sector is +3.9 % a year. That is the yardstick for the growth priced into Porsche Automobil Holding SE Pfd. (+32.7 % 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 Porsche Automobil Holding SE Pfd. (PSHE)?
The free-cash-flow yield on the price is 1.92 %: that much free cash flow Porsche Automobil Holding SE Pfd. produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Porsche Automobil Holding SE Pfd. (PSHE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Porsche Automobil Holding SE Pfd. it is 494.97 PLN per share (as of Sep 23, 2026), against a price of 109.00 PLN. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Porsche Automobil Holding SE Pfd. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, PSHE trades below its calculated fair value: price 109.00 PLN, fair value 494.97 PLN, a gap of about +354% (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 PSHE?
No. The price is what the market pays today (109.00 PLN); the fair value is what the company's own numbers justify (494.97 PLN). For Porsche Automobil Holding SE Pfd. the two are 385.97 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Porsche Automobil Holding SE Pfd. worth?
The market values Porsche Automobil Holding SE Pfd. at about 36.2B PLN (market capitalisation, as of Sep 23, 2026). Per share that is 109.00 PLN; our models calculate a fair value of 494.97 PLN per share.
What do the bullish and bearish scenarios say about PSHE?
Our models span a range for Porsche Automobil Holding SE Pfd.: cautious scenario 269.27 PLN, base 494.97 PLN, optimistic 776.62 PLN per share (as of Sep 23, 2026, price 109.00 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PSHE?
Porsche Automobil Holding SE Pfd. trades at a price-to-earnings ratio of 3.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 494.97 PLN is built from several models across several years. Other multiples: P/B 0.3.
How solid is the balance sheet of Porsche Automobil Holding SE Pfd. (PSHE)?
Balance-sheet figures for Porsche Automobil Holding SE Pfd. (as of Sep 23, 2026): return on equity 7.8%, debt of 0.18 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is PSHE from its 52-week high?
Porsche Automobil Holding SE Pfd. trades at 109.00 PLN, about 38% below its 52-week high of 174.90 PLN and at the low of 109.00 PLN (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 494.97 PLN is for.
Which stocks are comparable to Porsche Automobil Holding SE Pfd.?
From the same area (Consumer Cyclical) we also value Tesla, Inc, Toyota Motor Corporation, BYD Company, General Motors Company, 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 Porsche Automobil Holding SE Pfd. stock attractive at the current price?
The data as of Sep 23, 2026: price 109.00 PLN, calculated fair value 494.97 PLN (+354%), Quality Score 74/100, from 24 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 PSHE calculated?
We run Porsche Automobil Holding SE Pfd. through 24 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 494.97 PLN, 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 14.5 % above its aggregate fair value. Porsche Automobil Holding SE Pfd. currently trades 78 % 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 Porsche Automobil Holding SE Pfd. (PSHE)?
The closing price on Oct 2, 2026 was 109.00 PLN. Our model-based fair value is 494.97 PLN, about +354% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Porsche Automobil Holding SE Pfd. right now?
The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (269.27 PLN). The market is more pessimistic than our downside scenario. The model range is unusually wide (269.27 PLN to 776.62 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Porsche Automobil Holding SE Pfd.
How large is the market capitalisation of Porsche Automobil Holding SE Pfd. (PSHE)?
The market capitalisation of Porsche Automobil Holding SE Pfd. is 36.2B PLN (≈ $9.3B). 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 Porsche Automobil Holding SE Pfd. (PSHE)?
The price-to-sales ratio of Porsche Automobil Holding SE Pfd. is 2.90 (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 Porsche Automobil Holding SE Pfd. (PSHE)?
Earnings per share at Porsche Automobil Holding SE Pfd. are 39.30 PLN (price ÷ EPS = P/E 3.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Porsche Automobil Holding SE Pfd. (PSHE)?
The dividend yield of Porsche Automobil Holding SE Pfd. is 1.4% (payout 3.8%). 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 Porsche Automobil Holding SE Pfd. (PSHE)?
The net margin of Porsche Automobil Holding SE Pfd. is 96.6% (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 Porsche Automobil Holding SE Pfd. (PSHE)?
The return on equity (ROE) of Porsche Automobil Holding SE Pfd. is 7.8% (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 Porsche Automobil Holding SE Pfd. (PSHE)?
On an EBIT basis the return on assets of Porsche Automobil Holding SE Pfd. is −2.4% (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.
How fast are earnings growing at Porsche Automobil Holding SE Pfd. (PSHE)?
Earnings per share at Porsche Automobil Holding SE Pfd. are growing +34.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Porsche Automobil Holding SE Pfd. (PSHE) carry?
The net debt of Porsche Automobil Holding SE Pfd. is €6.0B (fiscal year 2025, ≈ 8.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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