Forbo Holding AG

BATS-CHIXE:FORNZ Stock Report

Market Cap: CHF 1.0b

Forbo Holding Valuation

Is FORNZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FORNZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CHF 1.23k
Fair Value
40.2% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: FORNZ (CHF735) is trading below our estimate of fair value (CHF1228.84)

Significantly Below Fair Value: FORNZ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FORNZ?

Key metric: As FORNZ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FORNZ. This is calculated by dividing FORNZ's market cap by their current earnings.
What is FORNZ's PE Ratio?
PE Ratio12.8x
EarningsCHF 80.10m
Market CapCHF 1.03b

Price to Earnings Ratio vs Peers

How does FORNZ's PE Ratio compare to its peers?

The above table shows the PE ratio for FORNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.7x
GEN Genuit Group
18.7x15.88%UK£918.4m
JHD James Halstead
14.9x4.22%UK£606.4m
FAN Volution Group
32.1x16.81%UK£1.3b
NXR Norcros
69.2x39.62%UK£242.2m
FORNZ Forbo Holding
12.8x12.13%CHF 1.0b

Price-To-Earnings vs Peers: FORNZ is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (33.7x).

Price to Earnings Ratio vs Industry

How does FORNZ's PE Ratio compare vs other companies in the European Building Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies9PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FORNZ is good value based on its Price-To-Earnings Ratio (12.8x) compared to the European Building industry average (25.4x).

Price to Earnings Ratio vs Fair Ratio

What is FORNZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FORNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.8x
Fair PE Ratio19.6x

Price-To-Earnings vs Fair Ratio: FORNZ is good value based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FORNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 735.00
CHF 880.33
+19.77%
11.13%CHF 1,000.00CHF 760.00n/a3
Sep ’26CHF 801.00
CHF 880.33
+9.90%
11.13%CHF 1,000.00CHF 760.00n/a3
Aug ’26CHF 777.00
CHF 965.50
+24.26%
8.75%CHF 1,050.00CHF 881.00n/a2
Jul ’26CHF 823.00
CHF 965.50
+17.31%
8.75%CHF 1,050.00CHF 881.00n/a2
Jun ’26CHF 839.00
CHF 965.50
+15.08%
8.75%CHF 1,050.00CHF 881.00n/a2
May ’26CHF 787.00
CHF 965.50
+22.68%
8.75%CHF 1,050.00CHF 881.00n/a2
Apr ’26CHF 819.00
CHF 965.50
+17.89%
8.75%CHF 1,050.00CHF 881.00n/a2
Mar ’26CHF 933.00
CHF 1,151.00
+23.37%
8.77%CHF 1,252.00CHF 1,050.00n/a2
Feb ’26CHF 880.00
CHF 1,150.67
+30.76%
7.17%CHF 1,252.00CHF 1,050.00n/a3
Jan ’26CHF 755.00
CHF 1,164.00
+54.17%
5.75%CHF 1,252.00CHF 1,090.00n/a3
Dec ’25CHF 779.00
CHF 1,126.75
+44.64%
7.69%CHF 1,252.00CHF 1,015.00n/a4
Nov ’25CHF 853.00
CHF 1,126.75
+32.09%
7.69%CHF 1,252.00CHF 1,015.00n/a4
Oct ’25CHF 874.00
CHF 1,126.75
+28.92%
7.69%CHF 1,252.00CHF 1,015.00CHF 728.504
Sep ’25CHF 882.00
CHF 1,126.75
+27.75%
7.69%CHF 1,252.00CHF 1,015.00CHF 801.004
Aug ’25CHF 943.00
CHF 1,126.75
+19.49%
7.69%CHF 1,252.00CHF 1,015.00CHF 777.004
Jul ’25CHF 1,046.00
CHF 1,154.25
+10.35%
5.23%CHF 1,252.00CHF 1,090.00CHF 823.004
Jun ’25CHF 1,088.00
CHF 1,154.25
+6.09%
5.23%CHF 1,252.00CHF 1,090.00CHF 839.004
May ’25CHF 1,068.00
CHF 1,154.25
+8.08%
5.23%CHF 1,252.00CHF 1,090.00CHF 787.004
Apr ’25CHF 1,148.00
CHF 1,154.25
+0.54%
5.23%CHF 1,252.00CHF 1,090.00CHF 819.004
Mar ’25CHF 1,030.00
CHF 1,104.25
+7.21%
8.01%CHF 1,252.00CHF 1,025.00CHF 933.004
Feb ’25CHF 996.00
CHF 1,104.25
+10.87%
8.01%CHF 1,252.00CHF 1,025.00CHF 880.004
Jan ’25CHF 1,050.00
CHF 1,104.25
+5.17%
8.01%CHF 1,252.00CHF 1,025.00CHF 755.004
Dec ’24CHF 986.50
CHF 1,104.25
+11.94%
8.01%CHF 1,252.00CHF 1,025.00CHF 779.004
Nov ’24CHF 996.00
CHF 1,334.75
+34.01%
13.84%CHF 1,500.00CHF 1,025.00CHF 853.004
Oct ’24CHF 1,114.00
CHF 1,412.25
+26.77%
4.54%CHF 1,500.00CHF 1,335.00CHF 874.004
CHF 888.8
Fair Value
17.3% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/05 01:16
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Forbo Holding AG is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zana MamelliBaader Helvea Equity Research
Volker BosseBaader Helvea Equity Research
Michael RoostBank am Bellevue