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Intrinsic Value

Is HO undervalued or overvalued?

See the intrinsic value estimate for Thales SA and find out whether today’s valuation is cheap or expensive by its own historical standards.

Do our valuations actually work? See backtest results .

HO Intrinsic Value
LOCKED
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Today vs. history

HO looks undervalued.
But is it cheap by its own standards?

See how today’s valuation compares with HO’s past valuations and how the stock performed after similar periods.

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Intrinsic Value Locked
Current Price €230.1
Margin of Safety 20% Locked
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Fundamental Analysis

What Thales Does

Aerospace & Defense Industrials

Thales SA makes the electronics and software that help run aircraft, defend countries, secure data, and control transport networks. Its products include radar, sensors, communication systems, avionics, flight control equipment, train signaling systems, and cybersecurity and identity security tools. The company is not a plane or missile maker itself; it is a systems supplier that puts the brains and sensing equipment into complex machines and critical infrastructure.

Headquarters
France FR
Employees
82 111
IPO date
Dec 18, 1986
Read the full company overview
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Thales has no economic moat

No Moat Narrow Wide

Thales SA lacks an economic moat, leaving it vulnerable to competitive pressures and market challenges.

Read the full moat analysis

Latest Earnings Call

Q2 2026 · July 23, 2026

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Stock, next trading day
−0.8%
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Financials
Efficiency

Earnings Waterfall
Thales SA

Wall St Price Targets

Capital Returns

Buyback Yield
LOCKED
Debt Paydown Yield
LOCKED

Competitive Landscape

Ownership

HO Insider Trading
Buy and sell transactions by insiders

What is the Intrinsic Value of one HO stock?

The intrinsic value for Thales SA (HO) under the Base Case is hidden EUR.

Is HO stock undervalued or overvalued?

Compared with the current market price of 230.1 EUR, the stock appears hidden.

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