Porsche SE
Look-through NAV vs. the share price — the "basket" (sum of its stakes + private assets − net debt) against what the market pays for the holdco. The gap is the discount/premium; watch it widen and narrow. S&P 500 · PAH3.DE.
Discount
-27.2%
NAV / share
€37.02
Price
€26.97
z-score
1.28
Mark-to-mkt
100%
Cheap vs own history:97ᵗʰ percentile of its 3yr discount rangez +1.3 6mz +1.3 1yz +1.3 3y
NAV / share (basket) Share price€ per share
Discount / premium to NAV over time
Look-through basket · €11.3B NAV
| Volkswagen VOW.DE | €11.5B | 102% | |
| Porsche AG P911.DE | €4.9B | 43% | |
| Other / private / cash (static, 2026-03) | €0M | net debt €5.1B | |
The classic VW discount: NAV is ~100% two listed stakes — 31.9% of Volkswagen's TOTAL capital (53.3% of the ordinaries, no prefs) + 12.5% of Porsche AG. Published NAV ≈ €46/sh, ~−33%. Stake %s are vs total share capital — the model risk is VW's dual-class market-cap convention.
Stake prices + FX live; net debt / private NAV / share counts are estimates — verify against the holdco's NAV statement. Not investment advice.