Porsche Automobil Holding stock falls 3.81 percent on Xetra

Published on 09/23/2026 at 17:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Porsche Automobil Holding stock carried a market capitalization of EUR 8.042 billion on September 23, 2026. The June 30 report showed EUR 949 million in adjusted earnings.

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Porsche Automobil Holding (ISIN DE000PAH0038) stood at EUR 26.26 on Xetra on September 23, 2026 at 5:29 p.m. CEST, down 3.81 percent from EUR 27.30. The price was 36.8 percent below its 52-week high of EUR 41.52, putting the holding company at the lower end of its annual trading range.

Forecast range turns negative

Porsche SE lowered its 2026 forecast for adjusted group result after tax to a range of minus EUR 0.5 billion to plus EUR 1.5 billion, compared with the previous range of EUR 1.5 billion to EUR 3.5 billion. The company also kept its 2026 net debt forecast between EUR 4.7 billion and EUR 5.2 billion, according to TradingView on September 18, 2026.

The revision followed Volkswagen's announcement of a EUR 6 billion non-cash impairment linked to its 75 percent stake in Porsche. Reuters reported on September 21, 2026 that the charge accompanied a broader Volkswagen profit warning. For Porsche SE, the key market issue is the earnings contribution from its Volkswagen investment rather than a direct cash drain from the impairment.

June figures set the valuation frame

The latest Porsche SE reporting snapshot covered June 30, 2026. Adjusted group result after tax reached EUR 949 million, while group net debt stood at EUR 4.982 billion, net asset value at EUR 12.5 billion and the holding discount at 34 percent, according to Porsche SE.

That combination gives investors two reference points. The EUR 12.5 billion net asset value is materially higher than the EUR 8.042 billion market capitalization shown for September 23, 2026, while the 34 percent holding discount highlights how sharply the market separates the listed vehicle from its underlying assets.

Xetra price reflects the reset

Porsche Automobil Holding stock stood at EUR 26.26 on Xetra on September 23, 2026, with a market capitalization of EUR 8.042 billion. The next scheduled reporting date is November 10, 2026, when Porsche SE plans to publish its third-quarter communication.