SGL Carbon SE (SGL) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SGL Carbon SE €3.82, price €4.45, upside -14.1%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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SGL Carbon SE
SGL · XETRAWeak valuationQuality is weak on top of the rich price.
What runs behind every stock
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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
60‑month range €2.59 – €10.78 · fair‑value band €2.33 – €5.45 · the €4.45 price screens above the €3.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
SGL Carbon SE, together with its subsidiaries, manufactures and sells special graphite, carbon fiber, and composite products in Germany, rest of Europe, the United States, China, rest of Asia, and internationally. The company operates through four segments: Graphite Solutions, Process Technology, Carbon Fibers, and Composite Solutions.
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SGL Carbon SE, together with its subsidiaries, manufactures and sells special graphite, carbon fiber, and composite products in Germany, rest of Europe, the United States, China, rest of Asia, and internationally. The company operates through four segments: Graphite Solutions, Process Technology, Carbon Fibers, and Composite Solutions. It offers products for automotive industries, including body and main part powertrains, motor blocks, and brake systems; carbon-ceramic brake discs; friction materials; gas diffusion layers and bipolar plates; carbon-ceramic brake discs; body shell components; friction materials; chassis components; gas diffusion layers and bipolar plates; and sealing materials. The company provides composite solutions, such as energy storage systems, lead springs, skins and structures, thermoplastic profiles, and friction components; fuel cells for energy conversion, as well as for passenger cars and trains, and ferries for zero emission mobile applications; and carbon fiber-reinforced plastics and composites for aerospace industry. In addition, it offers isostatic graphite to produce compound semiconductor layers; silicon carbide coatings for semiconductor production; and heat exchangers, columns, quenchers, pumps, components and assemblies, and pipings, as well as sealing materials for process technology. The company was founded in 1878 and is headquartered in Wiesbaden, Germany.
Stock analysis
SGL Carbon SE (SGL) currently trades at €4.45, while our model-based Fair Value estimate is €3.82, implying the stock looks roughly 16.4% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €6.87 per share, and 6 of the 13 models we run sit above the €4.45 price.
Bear case: the Earnings-Based group reads lowest at €1.54, and 7 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: €2.33 (bear) to €5.45 (bull), the price of €4.45 sits inside 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 46/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
SGL Carbon SE reported revenue of €850M in FY2025 versus €1.0B in FY2021, a compound −4.1%/yr. Reported net income was −€79.2M in FY2025.
Key figures
Market cap €544M · P/S ratio 0.63 · EPS (TTM) €−0.5500 · Net margin −9.3% · Return on equity −12.9% · Return on assets (EBIT) 4.6% · Operating margin 6.3% · Revenue (TTM) €800M.
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 18% below its 52-week high and 72% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −25% fair-value upside, at −14%, SGL screens cheaper than that median.
Fair Value models
All 13 models by family
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Set up alert →Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 57
Revenue & earnings trend
Growth Forecast
SGL screens 16% overvalued. Compare with BASF SE →
Compare SGL Carbon SE with another stock
Price, fair value, quality and upside side by side.
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.Chemicals · 350 stocks
Valuation Multiplesvs Chemicals median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: German Stocks
- Valuation of the Germany market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF SE BAS | €51.79 | €23.76 | −54% |
| Saudi Basic Industries Corporation 2010 | 47.90 SAR | 24.66 SAR | −49% |
| Ningxia Baofeng Energy Group 600989 | ¥23.21 | ¥40.44 | +74% |
| Dow Inc DOW | $28.20 | $21.03 | −25% |
| Zhejiang Juhua Co 600160 | ¥34.61 | ¥19.88 | −43% |
| Rongsheng Petrochemical Co 002493 | ¥13.13 | ¥2.90 | −78% |
| Zangge Mining Company 000408 | ¥73.50 | ¥80.85 | +10% |
| Ganfeng Lithium Group 002460 | ¥46.39 | ¥16.17 | −65% |
| PT Barito Pacific Tbk, BRPT | 1,620 IDR | 1,581 IDR | −2% |
| Hengli Petrochemical Co 600346 | ¥16.54 | ¥43.28 | +162% |
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Key figures of SGL Carbon SE
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