RATIONAL Aktiengesellschaft (RAA) Fair Value & Analysis
Industrials · DE · Market cap €7.2B
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 26 days ago
Fair value updated Jul 12, 2026, revised from €415.41 to €414.71 (−0.2%) since Jun 24, 2026. Share price +0.9% 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 (€541.54). The favourable scenario is already priced in.
- Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (€258.87 to €541.54) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range €377.33 – €924.94 · fair‑value band €258.87 – €541.54 · the €666.00 price screens above the €414.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
RATIONAL Aktiengesellschaft (RAA) currently trades at €666.00, while our model-based Fair Value estimate is €414.71, implying the stock looks roughly 37.7% overvalued today. We read business quality at 66/100 (solid quality), in the Industrials 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, RATIONAL Aktiengesellschaft generated revenue of €1.3B at a net margin of 20.0%. Revenue grew 7.6% year over year. It earns a return on equity of 26.8%. The balance sheet holds a net cash position of €159M. Fundamentals as of Jul 12, 2026
Our scenario range runs from €258.87 (bear case) to €541.54 (bull case); at €666.00, 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 share trades about 11% 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 -48% fair-value upside, at -38%, RAA screens cheaper 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.
All 26 models by family
Widest divergence: DCF Models (€433.66) versus Asset-Based (€55.44). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 75 · Market factors (momentum, volatility) 45
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
RATIONAL Aktiengesellschaft engages in the development, production, and sale of cooking systems for industrial kitchens in Germany, Austria, Switzerland, United States, Canada, Mexico, China, Japan, and South Korea.
Full company description
RATIONAL Aktiengesellschaft engages in the development, production, and sale of cooking systems for industrial kitchens in Germany, Austria, Switzerland, United States, Canada, Mexico, China, Japan, and South Korea. The company offers iCombi Pro; iCombi Classic; combi ovens; iVario Pro, a multi-functional cooking system; The iHexagon; and ConnectedCooking, a digital kitchen management solution. It also provides accessories, care products, service parts, and services. The company serves restaurants and hotels; catering, such as company canteens, hospitals, schools, universities, military facilities, prisons, and retirement homes; and quick service restaurants, caterers, supermarkets, bakeries, snack outlets, butchers' shops, service stations, and delivery services. It sells its products through independent distribution partners. The company was founded in 1973 and is headquartered in Landsberg am Lech, Germany.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
RATIONAL Aktiengesellschaft reported revenue of €1.3B in FY2025 versus €780M in FY2021, a compound +12.7%/yr. Reported net income was €254M in FY2025, compounding +19.7%/yr from FY2021.
RAA screens 38% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 808 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.
Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper
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: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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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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