Porsche Automobil Holding SE

WSE:PSHE Stock Report

Market Cap: zł43.4b

Porsche Automobil Holding Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
zł241.08
Fair Value
40.6% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: PSHE (PLN143.1) is trading below our estimate of fair value (PLN241.08)

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

Key Valuation Metric

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

Key metric: As PSHE is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for PSHE. This is calculated by dividing PSHE's market cap by their current book value.
What is PSHE's PB Ratio?
PB Ratio0.3x
Book€35.11b
Market Cap€10.27b

Price to Book Ratio vs Peers

How does PSHE's PB Ratio compare to its peers?

The above table shows the PB ratio for PSHE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.5x
7270 Subaru
0.7x-5.1%JP¥1.8t
600418 Anhui Jianghuai Automobile GroupLtd
6.8x89.6%CN¥77.5b
RNO Renault
0.4x22.2%€12.4b
RIVN Rivian Automotive
2x16.0%US$14.1b
PSHE Porsche Automobil Holding
0.3x75.8%zł10.3b

Price-To-Book vs Peers: PSHE is good value based on its Price-To-Book Ratio (0.3x) compared to the peer average (2.5x).

Price to Book Ratio vs Industry

How does PSHE's PB Ratio compare vs other companies in the European Auto Industry?

0 CompaniesPrice / BookEstimated GrowthMarket Cap
PSHE 0.3xIndustry Avg. 0.9xNo. of Companies8PB00.61.21.82.43+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: PSHE is good value based on its Price-To-Book Ratio (0.3x) compared to the European Auto industry average (0.9x).

Price to Book Ratio vs Fair Ratio

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

PSHE PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PSHE's Price-To-Book Fair Ratio for valuation analysis.

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 PSHE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł143.10
zł162.97
+13.9%
17.1%zł230.41zł129.87n/a10
Mar ’26zł156.75
zł159.73
+1.9%
17.9%zł228.99zł124.90n/a11
Feb ’26n/a
zł157.44
0%
21.0%zł232.33zł105.60n/a11
Jan ’26n/a
zł183.47
0%
27.6%zł285.27zł106.44n/a11
Dec ’25zł148.80
zł203.07
+36.5%
26.7%zł301.86zł112.12n/a11
Nov ’25n/a
zł213.78
0%
22.7%zł304.16zł152.08n/a10
Oct ’25n/a
zł221.87
0%
19.2%zł299.98zł154.27n/a11
Sep ’25zł173.25
zł241.94
+39.6%
28.2%zł415.37zł154.16n/a11
Aug ’25zł173.25
zł251.00
+44.9%
27.1%zł414.78zł149.66n/a10
Jul ’25zł183.50
zł261.92
+42.7%
23.5%zł420.63zł195.14n/a10
Jun ’25zł210.50
zł261.92
+24.4%
23.5%zł420.63zł195.14n/a10
May ’25zł216.10
zł261.92
+21.2%
23.5%zł420.63zł195.14n/a10
Apr ’25n/a
zł269.07
0%
25.2%zł416.69zł193.31zł150.5511
Mar ’25zł220.00
zł274.38
+24.7%
29.6%zł449.06zł202.94zł156.7511
Feb ’25zł203.40
zł286.14
+40.7%
26.8%zł456.08zł206.11n/a12
Jan ’25zł200.10
zł284.38
+42.1%
26.4%zł448.11zł202.51n/a12
Dec ’24zł196.55
zł281.36
+43.1%
22.6%zł421.49zł204.23zł148.8012
Nov ’24zł187.50
zł314.78
+67.9%
22.8%zł471.01zł217.03n/a12
Oct ’24zł217.10
zł314.78
+45.0%
22.8%zł471.01zł217.03n/a12
Sep ’24zł226.20
zł308.45
+36.4%
22.8%zł456.63zł210.41zł173.2512
Aug ’24n/a
zł317.24
0%
30.7%zł591.23zł225.02zł173.2512
Jul ’24zł250.30
zł326.55
+30.5%
31.1%zł597.20zł227.29zł183.5011
Jun ’24n/a
zł331.26
0%
32.2%zł603.94zł229.86zł210.5010
May ’24n/a
zł344.60
0%
30.5%zł623.24zł237.20zł216.1011
Apr ’24n/a
zł351.41
0%
28.9%zł627.15zł238.69n/a12
AnalystConsensusTarget
Consensus Narrative from 10 Analysts
zł165.92
Fair Value
13.8% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/03 02:41
End of Day Share Price 2025/04/03 00:00
Earnings2024/12/31
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

Porsche Automobil Holding SE is covered by 37 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hans-Peter WodniokAlphaValue
Klaus BreitenbachBanco Santander
Henning CosmanBarclays