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-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 PSHE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PSHE (PLN151.45) is trading below our estimate of fair value (PLN263.96)

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 profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PSHE. This is calculated by dividing PSHE's market cap by their current earnings.
What is PSHE's PE Ratio?
PE Ratio	2.8x
Earnings	€3.80b
Market Cap	€10.58b

PSHE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	83.1x
PEG Ratio	0.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PSHE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	39.9x
RNO Renault	7.7x	26.5%	€10.7b
7270 Subaru	4.6x	-3.3%	JP¥1.8t
600418 Anhui Jianghuai Automobile GroupLtd	137x	29.6%	CN¥85.0b
FROTO Ford Otomotiv Sanayi	10.4x	40.5%	₺348.5b
PSHE Porsche Automobil Holding	2.8x	18.5%	zł10.6b

Price-To-Earnings vs Peers: PSHE is good value based on its Price-To-Earnings Ratio (2.8x) compared to the peer average (39.9x).

Price to Earnings Ratio vs Industry

How does PSHE's PE Ratio compare vs other companies in the Global Auto Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PSHE is good value based on its Price-To-Earnings Ratio (2.8x) compared to the Global Auto industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is PSHE'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.

PSHE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	2.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PSHE's Price-To-Earnings 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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	n/a	zł203.07 0%	26.7%	zł301.86	zł112.12	n/a	11
Nov ’25	n/a	zł213.78 0%	22.7%	zł304.16	zł152.08	n/a	10
Oct ’25	n/a	zł221.87 0%	19.2%	zł299.98	zł154.27	n/a	11
Sep ’25	zł173.25	zł241.94 +39.6%	28.2%	zł415.37	zł154.16	n/a	11
Aug ’25	zł173.25	zł251.00 +44.9%	27.1%	zł414.78	zł149.66	n/a	10
Jul ’25	zł183.50	zł261.92 +42.7%	23.5%	zł420.63	zł195.14	n/a	10
Jun ’25	zł210.50	zł261.92 +24.4%	23.5%	zł420.63	zł195.14	n/a	10
May ’25	zł216.10	zł261.92 +21.2%	23.5%	zł420.63	zł195.14	n/a	10
Apr ’25	n/a	zł269.07 0%	25.2%	zł416.69	zł193.31	n/a	11
Mar ’25	zł220.00	zł274.38 +24.7%	29.6%	zł449.06	zł202.94	n/a	11
Feb ’25	zł203.40	zł286.14 +40.7%	26.8%	zł456.08	zł206.11	n/a	12
Jan ’25	zł200.10	zł284.38 +42.1%	26.4%	zł448.11	zł202.51	n/a	12
Dec ’24	zł196.55	zł281.36 +43.1%	22.6%	zł421.49	zł204.23	n/a	12
Nov ’24	zł187.50	zł314.78 +67.9%	22.8%	zł471.01	zł217.03	n/a	12
Oct ’24	zł217.10	zł314.78 +45.0%	22.8%	zł471.01	zł217.03	n/a	12
Sep ’24	zł226.20	zł308.45 +36.4%	22.8%	zł456.63	zł210.41	zł173.25	12
Aug ’24	n/a	zł317.24 0%	30.7%	zł591.23	zł225.02	zł173.25	12
Jul ’24	zł250.30	zł326.55 +30.5%	31.1%	zł597.20	zł227.29	zł183.50	11
Jun ’24	n/a	zł331.26 0%	32.2%	zł603.94	zł229.86	zł210.50	10
May ’24	n/a	zł344.60 0%	30.5%	zł623.24	zł237.20	zł216.10	11
Apr ’24	n/a	zł351.41 0%	28.9%	zł627.15	zł238.69	n/a	12
Mar ’24	n/a	zł418.77 0%	29.0%	zł630.51	zł282.32	zł220.00	12
Feb ’24	n/a	zł418.77 0%	29.0%	zł630.51	zł282.32	zł203.40	12
Jan ’24	n/a	zł433.07 0%	26.4%	zł627.68	zł281.05	zł200.10	11
Dec ’23	n/a	zł447.50 0%	25.3%	zł630.55	zł282.34	zł196.55	10
Nov ’23	n/a	zł446.68 0%	24.7%	zł622.61	zł283.01	zł187.50	10

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.