Sofina Société Anonyme (SOF) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Sofina Société Anonyme stock €269, price €273, that is 1.5% below the price, quality 59 out of 100. Rating: fairly valued. Calculated from audited financials with 2 of our 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. As of Nov 5, 2026.
How to read this chart
60‑month range €162.34 – €401.14 · fair‑value band €201.72 – €336.21 · the €273.00 price screens above the €268.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Sofina is a private equity and venture capital firm specializing in direct and fund of funds investments. Within direct investments, it specializes in growth capital, early, startup, later stages, mature, emerging growth, mid venture, late venture and LBO investments.
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The firm primarily invests in portfolio of companies that engages in digital transformation, consumer & retail, education, healthcare, life sciences, sustainable supply chains, energy and services, e-commerce, consumer goods, digital, satellite operations, industry, finance companies, and financial services worldwide.
It also invests in the media, communications, insurance, property development sectors.
The firm typically invests in European based companies with a global exposure, and it also has a particular focus on companies based in Western Europe and Asia such as in India, China and Southeast Asia and in the United States.
It invests in minority investments between "100 million ($103.08 million) and "300 million ($309.25 million). The firm seeks to invest between "20 million ($20.62million) and "100 million ($103.08 million) in fast growing business.
It seeks equity investment between "5 million ($5.35million) and "50 million (54.18 million) in venture and growth capital funds. It invests in privately owned and listed companies.
It invests in private companies to support growth, finance acquisitions, give liquidity to existing shareholders/families, support sales processes, and make minority investment alongside shareholders controlling shareholders and in listed companies for replacement of existing shareholder, long term support of controlling shareholders, and delisting.
Within fund of funds, the firm focuses on private equity, venture capital and growth equity funds, and selected relationships in buyout and special situations. It also manages funds in the fields of private equity funds.
It typically invests in the North America, US, Europe and Asia, and concentrates on emerging markets. The firm prefers to hold a minority ow
Stock analysis
Sofina Société Anonyme (SOF) currently trades at €273.00, while our model-based Fair Value estimate is €268.97, so the stock looks roughly fairly valued today (gap 1.5%).
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at high.
Scenario range: €201.72 (bear) to €336.21 (bull), the price of €273.00 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 59/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Sofina Société Anonyme reported revenue of €129M in FY2025 versus €2.7B in FY2021, a compound −53.0%/yr. Reported net income was €113M in FY2025, compounding −54.3%/yr from FY2021.
Key figures
Market cap €10.0B Large · P/E ratio 7.2 · P/S ratio 6.85 · EPS (TTM) €38.18 · Dividend yield 1.3% · Net margin 93.9% · Return on equity 12.8% · Return on assets (EBIT) 3.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −1%, SOF screens cheaper than that median.
Fair Value models
Bear€201.72Fair Value €268.97Bull€336.21
Price €273.00 · Downside -1.5%
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 (€29.22 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.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−91.0%
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.
−38.1%
Start year 2020 (pandemic). Over 10 years: −9.1% a year
Revenue growth 25 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.
−3.2%
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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.
−38.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−39.6%
Dividend (yield on the price)1.3%
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.−39.6% vs −9.0%, 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.97% → 96%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 8.5%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+12.0%
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 +9.6% a year for the price.
AI conclusion: High margins form the main strength, yet persistently low returns on equity and assets signal limited durable advantage in asset management.
Main risk: Sudden regulatory shifts in sectors or countries of key investments such as education or social media platforms could diminish the value of those stakes and reduce overall portfolio returns.
Bull case: Sofina could mitigate regulatory pressures through broader diversification across geographies and sectors while actively supporting portfolio companies on compliance and governance.
Bear case: Intensifying regulatory actions on major holdings could materially impair portfolio value and limit the ability to achieve consistent long-term compounding from both direct stakes and fund commitments.
Sofina balances roughly equal allocations between direct long-term minority stakes alongside founders and commitments to private funds. The funds segment drove most of the recent portfolio gains through growth and early-stage holdings. Will the direct investments deliver comparable compounding over time or will the funds' momentum continue to dominate results?
Price, fair value, quality and upside side by side.
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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.Asset Management · 592 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Below median
Fair Value upside−1.5% · Below median
Profitability
Return on equity (12 months)12.8% · Above median
Return on assets0.9% · Below median
Net margin (12 months)93.9% · Top 25%
Operating margin (12 months)97.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−34.5% · Bottom 25%
Dividend yield (12 months)1.3% · Bottom 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sofina Société Anonyme Fair Value". https://www.fairvalue-calculator.com/stock/SOF
Frequently asked questions
Is Sofina Société Anonyme (SOF) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €268.97 versus a price of €273.00, about 1% lower (fairly valued).
What is the fair value of SOF?
Our model-based fair value for Sofina Société Anonyme is €268.97 (as of Nov 5, 2026), built from audited fundamentals. The current price: €273.00.
What is the quality score of SOF?
Sofina Société Anonyme has a Quality Score of 59/100. 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 Sofina Société Anonyme (SOF)?
Our model-based price target is the fair value of €268.97 (as of Nov 5, 2026) from 2 valuation models. Cautious scenario €201.72, optimistic scenario €336.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Sofina Société Anonyme stock forecast for 2026?
Our models put fair value at €268.97, about 1% lower versus a price of €273.00 (fairly valued). Cautious scenario €201.72, optimistic scenario €336.21. The calculation is refreshed regularly with new filings.
Does Sofina Société Anonyme pay a dividend?
Sofina Société Anonyme currently shows a dividend yield of 1.34% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Sofina Société Anonyme (SOF)?
For today's price to be fair in a discounted-cash-flow model, Sofina Société Anonyme would have to grow free cash flow by +12.0 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -38.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of SOF use?
Our models discount Sofina Société Anonyme at 10.2 %: a base by market capitalisation (large), damped by beta 1.17, country premium for Belgium. 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 Sofina Société Anonyme that is +12.0 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Sofina Société Anonyme (SOF) delivered so far?
Over the past 5 years revenue at Sofina Société Anonyme grew -38.1 % a year. The price currently implies +12.0 % 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 Sofina Société Anonyme (SOF) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Sofina Société Anonyme (+12.0 % 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 Sofina Société Anonyme (SOF)?
The free-cash-flow yield on the price is 4.24 %: that much free cash flow Sofina Société Anonyme produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sofina Société Anonyme (SOF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sofina Société Anonyme it is €268.97 per share (as of Nov 5, 2026), against a price of €273.00. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Sofina Société Anonyme stock overvalued or undervalued in 2026?
As of Nov 5, 2026, SOF trades above its calculated fair value: price €273.00, fair value €268.97, a gap of about −1% (fairly valued). 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 SOF?
No. The price is what the market pays today (€273.00); the fair value is what the company's own numbers justify (€268.97). For Sofina Société Anonyme the two are €4.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sofina Société Anonyme worth?
The market values Sofina Société Anonyme at about €10.0B (market capitalisation, as of Nov 5, 2026). Per share that is €273.00; our models calculate a fair value of €268.97 per share.
What do the bullish and bearish scenarios say about SOF?
Our models span a range for Sofina Société Anonyme: cautious scenario €201.72, base €268.97, optimistic €336.21 per share (as of Nov 5, 2026, price €273.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOF?
Sofina Société Anonyme trades at a price-to-earnings ratio of 7.2 (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 €268.97 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 6.7. Other multiples: PEG 3.4, P/B 0.9, P/S 6.8, EV/EBITDA 84.3.
What is the PEG ratio of SOF?
The PEG ratio of Sofina Société Anonyme is 3.37 (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 Sofina Société Anonyme (SOF)?
Balance-sheet figures for Sofina Société Anonyme (as of Nov 5, 2026): return on equity 12.8%, debt of 0.06 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is SOF from its 52-week high?
Sofina Société Anonyme trades at €273.00, about 4% below its 52-week high of €285.00 and 34% above the low of €204.42 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €268.97 is for.
Which stocks are comparable to Sofina Société Anonyme?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Sofina Société Anonyme stock attractive at the current price?
The data as of Nov 5, 2026: price €273.00, calculated fair value €268.97 (−1%), Quality Score 59/100, from 2 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 SOF calculated?
We run Sofina Société Anonyme through 2 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 €268.97, 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 15.6% above its aggregate fair value. Sofina Société Anonyme 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 Sofina Société Anonyme (SOF)?
The closing price on Nov 5, 2026 was €273.00. Our model-based fair value is €268.97, about 1% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sofina Société Anonyme right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Sofina Société Anonyme (SOF) come from?
Earnings per share at Sofina Société Anonyme grew +10.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.0 %, EBIT margin +0.5 %, tax rate +0.0 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sofina Société Anonyme
How large is the market capitalisation of Sofina Société Anonyme (SOF)?
The market capitalisation of Sofina Société Anonyme is €10.0B. 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 Sofina Société Anonyme (SOF)?
The price-to-sales ratio of Sofina Société Anonyme is 6.85 (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 Sofina Société Anonyme (SOF)?
Earnings per share at Sofina Société Anonyme are €38.18 (price ÷ EPS = P/E 7.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sofina Société Anonyme (SOF)?
The dividend yield of Sofina Société Anonyme is 1.3% (payout 9.6%). 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 Sofina Société Anonyme (SOF)?
The net margin of Sofina Société Anonyme is 93.9% (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 Sofina Société Anonyme (SOF)?
The return on equity (ROE) of Sofina Société Anonyme is 12.8% (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 Sofina Société Anonyme (SOF)?
On an EBIT basis the return on assets of Sofina Société Anonyme is 3.1% (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 Sofina Société Anonyme (SOF)?
The operating margin of Sofina Société Anonyme is 97.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sofina Société Anonyme (SOF)?
Revenue at Sofina Société Anonyme is growing −34.5% versus a year earlier. 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 Sofina Société Anonyme (SOF)?
Earnings per share at Sofina Société Anonyme are growing −41.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sofina Société Anonyme (SOF) carry?
The net debt of Sofina Société Anonyme is €1.1B (fiscal year 2025, ≈ 2.6 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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Broad data
Nov 5, 2026