Netherlands Stock Screener
53 companies
Which stocks look cheapest against what their own reports say they are worth? The list is ordered by Intrinsic Value / Market Cap.
Apply suggested sets Return on Investment >= -0.1. Each raised the average return slightly over 2023-2024, on a hold-out half of the companies and on 2025; some single markets and portfolio sizes did worse.
Operating Income ÷ RevenueLatest fiscal yearKeeps profitable businesses. On the current valuation it lowered the Top N return at every threshold tested.
Operating Income ÷ Gross ProfitLatest fiscal yearDrops businesses whose overheads absorb their gross profit. On the current valuation it lowered the Top N return in every mode.
(Cash − Total Debt) ÷ Market Cap × 100Latest quarterAround -50 it drops only the most indebted companies, which helped Traditional Value slightly. Stricter thresholds lowered the return.
(Latest Year Revenue − Prior Year Revenue) ÷ Prior Year RevenueLatest fiscal year vs the year beforeIn Tech, 10% and above kept the cheap companies still growing; the gain was large but not consistent across samples. No effect in Traditional Value.
ΔNOPAT ÷ Growth CapExLatest fiscal year vs the year beforeAt -0.10 or 0 it drops companies whose growth investment lost money, which helped Traditional Value slightly. Higher thresholds lowered the return.
Market Cap ÷ Book ValueLatest quarterAt 10 or below it drops only extreme prices against book value, which helped Tech Value slightly. Tighter thresholds lowered the return outside Tech.
Net income > 0, book value at the start of the latest year, return on equity > 0Latest 3 fiscal yearsLeaves out companies whose 15-year profit projection cannot be made: a loss in one of the latest three years, no book value to measure growth on, or a return on equity at or below zero. Their Profit value is the book value alone, so without this filter the average still includes them on the other two values. On the current valuation it lowered the Top N return in every mode.
NOPAT − (CapEx − Depreciation + Δ Working Capital) > 0, return on capital > 0Latest 3 fiscal yearsLeaves out companies whose 15-year free cash flow projection cannot be made: operating profit or free cash flow at or below zero in one of the latest three years, or a return on capital at or below zero. Technology and Communication Services add half of R&D after tax to NOPAT. Banks are not held to it: their working capital is their loans and deposits. Measured when it also left out large working capital swings, it lowered the Top N return more than any other filter.
|Δ Working Capital| ÷ Operating IncomeLargest of the latest 3 fiscal yearsLeaves out companies whose change in working capital was above half of operating profit in any of the latest three years. Their FCFF is computed either way. Over 36 years in 21 countries, using it lowered the Top N return by 0.4 to 0.9 points a year, a difference too small to be sure of. Banks are not held to it: their working capital is their loans and deposits.
Group by Legal Name, keep one row per companyKeeps the newest valuation, then the listing in the company's home country, the USD listing, the country filtered on, the largest market capCollapses the same legal entity listed on multiple exchanges into a single row. For example, Truist Financial appears on the New York Stock Exchange and on two German exchanges; with this on, only the primary US listing is shown. Recommended for portfolio construction; turn off when you need to inspect each individual listing.
Profit value > 3 × the larger of the EPV + Growth and FCFF valuesLatest valuationAfter years of losses, or buybacks larger than the book, the book value is close to zero, so the return on equity and the Profit value explode and the company jumps to the top of the list. Over 36 years of history in 21 countries, leaving these companies out kept the Top N return the same (between −0.2 and +0.3 points a year): it tidies the top of the list, it does not raise the return.
The list
book: the projection was rejected, so the book value stands in its place. K, M, B, T, Q: thousand, million, billion, trillion, quadrillion. A line listed abroad can carry a market cap far below the company's; Home listings only leaves those lines out.
Listed NL, based FR · Communication Services · Entertainment
Profit is over 3× the larger of EPV and FCFFMarket Cap
$3.82B
Avg Intrinsic
$151.14B
Intrinsic / Market
39.54
Margin of Safety
97.5%
WACC
5.2%
FY End
2025-12-31
EPV
$3.01B
Profit
$446.07B
FCFF
$4.33B
Listed NL, based US · Financial Services · Asset Management
Market Cap
$1.23B
Avg Intrinsic
$5.17B
Intrinsic / Market
4.21
Margin of Safety
76.3%
WACC
9.1%
FY End
2025-12-31
EPV
$3.90B book
Profit
$7.72B
FCFF
$3.90B book
Listed NL, based BE · Healthcare · Biotechnology
Market Cap
$2.04B
Avg Intrinsic
$3.73B
Intrinsic / Market
1.83
Margin of Safety
45.3%
WACC
4.9%
FY End
2025-12-31
EPV
$3.73B book
Profit
$3.73B book
FCFF
$3.73B book
Listed NL, based NL · Industrials · Electrical Equipment & Parts
Market Cap
$2.05B
Avg Intrinsic
$3.56B
Intrinsic / Market
1.74
Margin of Safety
42.5%
WACC
6.8%
FY End
2025-12-31
EPV
$4.48B
Profit
$2.95B
FCFF
$3.26B
Listed NL, based NL · Financial Services · Asset Management
Market Cap
$25.18B
Avg Intrinsic
$39.09B
Intrinsic / Market
1.55
Margin of Safety
35.6%
WACC
6.9%
FY End
2025-12-31
EPV
$39.09B book
Profit
$39.09B book
FCFF
$39.09B book
Listed NL, based FR · Communication Services · Advertising Agencies
Market Cap
$1.86B
Avg Intrinsic
$2.88B
Intrinsic / Market
1.55
Margin of Safety
35.5%
WACC
7.8%
FY End
2025-12-31
EPV
$3.65B
Profit
$2.27B
FCFF
$2.73B
Listed NL, based NL · Financial Services · Capital Markets
Market Cap
$1.12B
Avg Intrinsic
$1.69B
Intrinsic / Market
1.51
Margin of Safety
34.0%
WACC
4.4%
FY End
2025-12-31
EPV
$1.02B book
Profit
$3.04B
FCFF
$1.02B book
Listed NL, based NL · Financial Services · Banks - Diversified
Market Cap
$38.41B
Avg Intrinsic
$57.91B
Intrinsic / Market
1.51
Margin of Safety
33.7%
WACC
5.4%
FY End
2025-12-31
EPV
$109.46B
Profit
$33.03B
FCFF
$31.26B book
Listed NL, based NL · Real Estate · Real Estate - Diversified
Market Cap
$5.92B
Avg Intrinsic
$8.30B
Intrinsic / Market
1.40
Margin of Safety
28.6%
WACC
5.2%
FY End
2025-12-31
EPV
$9.56B
Profit
$8.58B
FCFF
$6.75B
Listed NL, based NL · Consumer Defensive · Beverages - Brewers
Market Cap
$20.08B
Avg Intrinsic
$28.11B
Intrinsic / Market
1.40
Margin of Safety
28.6%
WACC
5.0%
FY End
2025-12-31
EPV
$37.71B
Profit
$18.18B
FCFF
$28.43B
Listed NL, based NL · Financial Services · Asset Management
Market Cap
$16.58B
Avg Intrinsic
$22.71B
Intrinsic / Market
1.37
Margin of Safety
27.0%
WACC
7.2%
FY End
2025-12-31
EPV
$22.41B
Profit
$21.55B
FCFF
$24.15B
Listed NL, based NL · Real Estate · Real Estate - Development
Profit is over 3× the larger of EPV and FCFFMarket Cap
$6.96B
Avg Intrinsic
$8.99B
Intrinsic / Market
1.29
Margin of Safety
22.6%
WACC
5.5%
FY End
2025-12-31
EPV
$2.61B
Profit
$19.68B
FCFF
$4.67B
Listed NL, based NL · Financial Services · Banks - Diversified
Market Cap
$98.12B
Avg Intrinsic
$120.23B
Intrinsic / Market
1.23
Margin of Safety
18.4%
WACC
5.9%
FY End
2025-12-31
EPV
$231.25B
Profit
$70.70B
FCFF
$58.75B book
Listed NL, based NL · Energy · Oil & Gas Equipment & Services
Market Cap
$6.44B
Avg Intrinsic
$7.53B
Intrinsic / Market
1.17
Margin of Safety
14.5%
WACC
9.0%
FY End
2025-12-31
EPV
$6.39B
Profit
$9.53B
FCFF
$6.66B book
Listed NL, based US · Financial Services · Asset Management
Market Cap
$14.99B
Avg Intrinsic
$17.08B
Intrinsic / Market
1.14
Margin of Safety
12.2%
WACC
8.1%
FY End
2025-12-31
EPV
$12.97B
Profit
$32.24B
FCFF
$6.02B
Listed NL, based LU · Financial Services · Asset Management
Market Cap
$4.85B
Avg Intrinsic
$5.46B
Intrinsic / Market
1.13
Margin of Safety
11.2%
WACC
7.2%
FY End
2026-03-31
EPV
$1.23B
Profit
$7.57B book
FCFF
$7.57B book
Listed NL, based NL · Consumer Defensive · Grocery Stores
Market Cap
$30.92B
Avg Intrinsic
$31.02B
Intrinsic / Market
1.00
Margin of Safety
0.3%
WACC
7.5%
FY End
2025-12-31
EPV
$33.31B
Profit
$31.23B
FCFF
$28.53B
Listed NL, based NL · Industrials · Specialty Business Services
Market Cap
$16.95B
Avg Intrinsic
$16.45B
Intrinsic / Market
0.97
Margin of Safety
-3.1%
WACC
4.6%
FY End
2025-12-31
EPV
$31.29B
Profit
$6.24B
FCFF
$11.80B
Listed NL, based NL · Communication Services · Telecom Services
Market Cap
$16.69B
Avg Intrinsic
$14.68B
Intrinsic / Market
0.88
Margin of Safety
-13.7%
WACC
5.0%
FY End
2025-12-31
EPV
$20.31B
Profit
$12.10B
FCFF
$11.65B
Listed NL, based NL · Industrials · Engineering & Construction
Market Cap
$3.37B
Avg Intrinsic
$2.96B
Intrinsic / Market
0.88
Margin of Safety
-13.9%
WACC
7.6%
FY End
2025-12-31
EPV
$3.44B
Profit
$2.95B
FCFF
$2.49B
Listed NL, based GB · Consumer Defensive · Household & Personal Products
Market Cap
$127.84B
Avg Intrinsic
$97.23B
Intrinsic / Market
0.76
Margin of Safety
-31.5%
WACC
7.2%
FY End
2025-12-31
EPV
$120.73B
Profit
$82.23B
FCFF
$88.73B
Listed NL, based NL · Consumer Cyclical · Internet Retail
Market Cap
$81.09B
Avg Intrinsic
$61.30B
Intrinsic / Market
0.76
Margin of Safety
-32.3%
WACC
8.2%
FY End
2026-03-31
EPV
$53.92B book
Profit
$76.05B
FCFF
$53.92B book
Listed NL, based CY · Industrials · Aerospace & Defense
Profit is over 3× the larger of EPV and FCFFMarket Cap
$2.47B
Avg Intrinsic
$1.82B
Intrinsic / Market
0.73
Margin of Safety
-36.1%
WACC
9.9%
FY End
2025-12-31
EPV
$526.27M book
Profit
$4.40B
FCFF
$526.27M book
Listed NL, based NL · Consumer Defensive · Packaged Foods
Market Cap
$10.48B
Avg Intrinsic
$7.12B
Intrinsic / Market
0.68
Margin of Safety
-47.2%
WACC
8.3%
FY End
2025-12-31
EPV
$6.07B
Profit
$11.06B
FCFF
$4.23B
Listed NL, based NL · Communication Services · Entertainment
Market Cap
$28.80B
Avg Intrinsic
$18.75B
Intrinsic / Market
0.65
Margin of Safety
-53.6%
WACC
8.4%
FY End
2025-12-31
EPV
$20.77B
Profit
$21.46B
FCFF
$14.01B
Listed NL, based NL · Consumer Defensive · Beverages - Brewers
Market Cap
$43.34B
Avg Intrinsic
$27.83B
Intrinsic / Market
0.64
Margin of Safety
-55.8%
WACC
5.9%
FY End
2025-12-31
EPV
$30.97B
Profit
$26.97B
FCFF
$25.55B
Listed NL, based NL · Basic Materials · Specialty Chemicals
Market Cap
$1.58B
Avg Intrinsic
$963.94M
Intrinsic / Market
0.61
Margin of Safety
-63.9%
WACC
7.7%
FY End
2025-12-31
EPV
$1.14B
Profit
$898.75M
FCFF
$848.88M
Listed NL, based GB · Consumer Defensive · Beverages - Non-Alcoholic
Market Cap
$44.41B
Avg Intrinsic
$27.04B
Intrinsic / Market
0.61
Margin of Safety
-64.3%
WACC
7.3%
FY End
2025-12-31
EPV
$32.76B
Profit
$26.05B
FCFF
$22.30B
Listed NL, based NL · Financial Services · Banks - Regional
Market Cap
$2.92B
Avg Intrinsic
$1.77B
Intrinsic / Market
0.60
Margin of Safety
-65.4%
WACC
7.2%
FY End
2025-12-31
EPV
$2.00B
Profit
$1.81B
FCFF
$1.49B book
Listed NL, based NL · Basic Materials · Specialty Chemicals
Market Cap
$10.91B
Avg Intrinsic
$6.53B
Intrinsic / Market
0.60
Margin of Safety
-67.1%
WACC
7.8%
FY End
2025-12-31
EPV
$5.65B
Profit
$6.74B
FCFF
$7.20B
Listed NL, based GB · Energy · Oil & Gas Integrated
Market Cap
$271.55B
Avg Intrinsic
$158.60B
Intrinsic / Market
0.58
Margin of Safety
-71.2%
WACC
9.1%
FY End
2025-12-31
EPV
$167.73B
Profit
$155.68B
FCFF
$152.38B
Listed NL, based LU · Basic Materials · Steel
Market Cap
$48.42B
Avg Intrinsic
$27.78B
Intrinsic / Market
0.57
Margin of Safety
-74.3%
WACC
12.4%
FY End
2025-12-31
EPV
$12.26B
Profit
$14.20B
FCFF
$56.88B book
Listed NL, based NL · Industrials · Engineering & Construction
Market Cap
$4.05B
Avg Intrinsic
$2.28B
Intrinsic / Market
0.56
Margin of Safety
-77.8%
WACC
8.0%
FY End
2025-12-31
EPV
$2.20B
Profit
$2.96B
FCFF
$1.69B
Listed NL, based NL · Healthcare · Medical Devices
Market Cap
$23.36B
Avg Intrinsic
$13.12B
Intrinsic / Market
0.56
Margin of Safety
-78.0%
WACC
8.1%
FY End
2025-12-31
EPV
$13.12B book
Profit
$13.12B book
FCFF
$13.12B book
Listed NL, based CZ · Industrials · Aerospace & Defense
Market Cap
$15.95B
Avg Intrinsic
$8.61B
Intrinsic / Market
0.54
Margin of Safety
-85.3%
WACC
9.3%
FY End
2025-12-31
EPV
$16.88B
Profit
$6.51B
FCFF
$2.44B book
Listed NL, based NL · Energy · Oil & Gas Midstream
Market Cap
$6.20B
Avg Intrinsic
$3.30B
Intrinsic / Market
0.53
Margin of Safety
-88.0%
WACC
7.1%
FY End
2025-12-31
EPV
$2.01B
Profit
$5.13B
FCFF
$2.75B
Listed NL, based GB · Industrials · Specialty Business Services
Market Cap
$58.08B
Avg Intrinsic
$30.50B
Intrinsic / Market
0.53
Margin of Safety
-90.4%
WACC
5.5%
FY End
2025-12-31
EPV
$47.95B
Profit
$19.43B
FCFF
$24.13B
Listed NL, based CH · Basic Materials · Specialty Chemicals
Market Cap
$26.42B
Avg Intrinsic
$13.77B
Intrinsic / Market
0.52
Margin of Safety
-91.9%
WACC
6.6%
FY End
2025-12-31
EPV
$209.47M
Profit
$20.55B book
FCFF
$20.55B book
Listed NL, based LU · Basic Materials · Steel
Profit is over 3× the larger of EPV and FCFFMarket Cap
$2.88B
Avg Intrinsic
$1.49B
Intrinsic / Market
0.52
Margin of Safety
-93.4%
WACC
11.3%
FY End
2025-12-31
EPV
$650.65M
Profit
$3.76B book
FCFF
$63.23M
Listed NL, based NL · Industrials · Engineering & Construction
Market Cap
$2.49B
Avg Intrinsic
$1.29B
Intrinsic / Market
0.52
Margin of Safety
-94.0%
WACC
11.9%
FY End
2025-12-31
EPV
$1.28B
Profit
$1.82B
FCFF
$751.08M
Listed NL, based LU · Industrials · Integrated Freight & Logistics
Profit is over 3× the larger of EPV and FCFFMarket Cap
$8.75B
Avg Intrinsic
$4.43B
Intrinsic / Market
0.51
Margin of Safety
-97.4%
WACC
9.0%
FY End
2025-12-31
EPV
$1.90B
Profit
$11.17B
FCFF
$225.81M
Listed NL, based NL · Industrials · Staffing & Employment Services
Market Cap
$8.06B
Avg Intrinsic
$3.98B
Intrinsic / Market
0.49
Margin of Safety
-102.8%
WACC
8.8%
FY End
2025-12-31
EPV
$4.81B
Profit
$3.87B
FCFF
$3.25B
Listed NL, based NL · Technology · Software - Infrastructure
Market Cap
$30.48B
Avg Intrinsic
$14.09B
Intrinsic / Market
0.46
Margin of Safety
-116.3%
WACC
15.6%
FY End
2025-12-31
EPV
$19.62B
Profit
$15.90B
FCFF
$6.76B book
Listed NL, based NL · Technology · Communication Equipment
Market Cap
$2.19B
Avg Intrinsic
$956.91M
Intrinsic / Market
0.44
Margin of Safety
-128.8%
WACC
8.6%
FY End
2025-12-31
EPV
$980.05M
Profit
$860.62M
FCFF
$1.03B book
Listed NL, based NL · Basic Materials · Specialty Chemicals
Market Cap
$6.32B
Avg Intrinsic
$2.54B
Intrinsic / Market
0.40
Margin of Safety
-148.8%
WACC
8.9%
FY End
2025-12-31
EPV
$2.82B
Profit
$2.60B
FCFF
$2.20B
Listed NL, based NL · Industrials · Specialty Industrial Machinery
Market Cap
$4.83B
Avg Intrinsic
$1.75B
Intrinsic / Market
0.36
Margin of Safety
-175.5%
WACC
10.2%
FY End
2025-12-31
EPV
$1.72B
Profit
$1.95B
FCFF
$1.58B
Listed NL, based GB · Financial Services · Asset Management
Market Cap
$6.27B
Avg Intrinsic
$1.66B
Intrinsic / Market
0.27
Margin of Safety
-277.3%
WACC
6.8%
FY End
2025-12-31
EPV
$1.16B
Profit
$1.69B
FCFF
$2.13B book
Listed NL, based NL · Technology · Semiconductor Equipment & Materials
Market Cap
$713.30B
Avg Intrinsic
$165.62B
Intrinsic / Market
0.23
Margin of Safety
-330.7%
WACC
12.7%
FY End
2025-12-31
EPV
$106.54B
Profit
$218.38B
FCFF
$171.95B
Listed NL, based NL · Technology · Semiconductor Equipment & Materials
Market Cap
$51.82B
Avg Intrinsic
$8.48B
Intrinsic / Market
0.16
Margin of Safety
-511.2%
WACC
13.6%
FY End
2025-12-31
EPV
$7.77B
Profit
$7.96B
FCFF
$9.71B
Listed NL, based NL · Industrials · Engineering & Construction
Market Cap
$44.93B
Avg Intrinsic
$5.44B
Intrinsic / Market
0.12
Margin of Safety
-725.9%
WACC
8.0%
FY End
2025-12-31
EPV
$3.33B
Profit
$8.21B
FCFF
$4.77B
Listed NL, based NL · Technology · Semiconductor Equipment & Materials
Market Cap
$18.21B
Avg Intrinsic
$1.39B
Intrinsic / Market
0.08
Margin of Safety
-1212.0%
WACC
12.3%
FY End
2025-12-31
EPV
$1.73B
Profit
$593.20M
FCFF
$1.84B
Listed NL, based NL · Consumer Cyclical · Specialty Retail
Market Cap
$1.45B
Avg Intrinsic
$92.35M
Intrinsic / Market
0.06
Margin of Safety
-1470.1%
WACC
8.0%
FY End
2025-12-31
EPV
$92.35M book
Profit
$92.35M book
FCFF
$92.35M book
Listed NL, based NL · Consumer Cyclical · Leisure
Profit is over 3× the larger of EPV and FCFFMarket Cap
$2.10B
Avg Intrinsic
-$137.76M
Intrinsic / Market
-0.07
Margin of Safety
—
WACC
5.7%
FY End
2025-12-31
EPV
-$832.60M
Profit
$509.25M
FCFF
-$89.94M
| # | Company | Market Cap | Avg Intrinsic | Intrinsic / Market | Margin of Safety | WACC | EPV / Profit / FCFF | FY End |
|---|---|---|---|---|---|---|---|---|
| 1 | BNJ.AS Banijay Group N.V.Listed NL, based FR · Communication Services · Entertainment | $3.82B | $151.14B | 39.54 | 97.5% | 5.2% | $3.01B $446.07B $4.33B | 2025-12-31 |
| 2 | TFG.AS Tetragon Financial Group LimitedListed NL, based US · Financial Services · Asset Management | $1.23B | $5.17B | 4.21 | 76.3% | 9.1% | $3.90B book $7.72B $3.90B book | 2025-12-31 |
| 3 | LKFT.AS Lakefront Biotherapeutics NVListed NL, based BE · Healthcare · Biotechnology | $2.04B | $3.73B | 1.83 | 45.3% | 4.9% | $3.73B book $3.73B book $3.73B book | 2025-12-31 |
| 4 | LIGHT.AS Signify N.V.Listed NL, based NL · Industrials · Electrical Equipment & Parts | $2.05B | $3.56B | 1.74 | 42.5% | 6.8% | $4.48B $2.95B $3.26B | 2025-12-31 |
| 5 | EXO.AS Exor N.V.Listed NL, based NL · Financial Services · Asset Management | $25.18B | $39.09B | 1.55 | 35.6% | 6.9% | $39.09B book $39.09B book $39.09B book | 2025-12-31 |
| 6 | HAVAS.AS Havas N.V.Listed NL, based FR · Communication Services · Advertising Agencies | $1.86B | $2.88B | 1.55 | 35.5% | 7.8% | $3.65B $2.27B $2.73B | 2025-12-31 |
| 7 | FLOW.AS Flow Traders Ltd.Listed NL, based NL · Financial Services · Capital Markets | $1.12B | $1.69B | 1.51 | 34.0% | 4.4% | $1.02B book $3.04B $1.02B book | 2025-12-31 |
| 8 | ABN.AS ABN AMRO Bank N.V.Listed NL, based NL · Financial Services · Banks - Diversified | $38.41B | $57.91B | 1.51 | 33.7% | 5.4% | $109.46B $33.03B $31.26B book | 2025-12-31 |
| 9 | NRP.AS NEPI Rockcastle N.V.Listed NL, based NL · Real Estate · Real Estate - Diversified | $5.92B | $8.30B | 1.40 | 28.6% | 5.2% | $9.56B $8.58B $6.75B | 2025-12-31 |
| 10 | HEIO.AS Heineken Holding N.V.Listed NL, based NL · Consumer Defensive · Beverages - Brewers | $20.08B | $28.11B | 1.40 | 28.6% | 5.0% | $37.71B $18.18B $28.43B | 2025-12-31 |
| 11 | HAL.AS HAL TrustListed NL, based NL · Financial Services · Asset Management | $16.58B | $22.71B | 1.37 | 27.0% | 7.2% | $22.41B $21.55B $24.15B | 2025-12-31 |
| 12 | CTPNV.AS CTP N.V.Listed NL, based NL · Real Estate · Real Estate - Development | $6.96B | $8.99B | 1.29 | 22.6% | 5.5% | $2.61B $19.68B $4.67B | 2025-12-31 |
| 13 | INGA.AS ING Groep N.V.Listed NL, based NL · Financial Services · Banks - Diversified | $98.12B | $120.23B | 1.23 | 18.4% | 5.9% | $231.25B $70.70B $58.75B book | 2025-12-31 |
| 14 | SBMO.AS SBM Offshore N.V.Listed NL, based NL · Energy · Oil & Gas Equipment & Services | $6.44B | $7.53B | 1.17 | 14.5% | 9.0% | $6.39B $9.53B $6.66B book | 2025-12-31 |
| 15 | CVC.AS CVC Capital Partners plcListed NL, based US · Financial Services · Asset Management | $14.99B | $17.08B | 1.14 | 12.2% | 8.1% | $12.97B $32.24B $6.02B | 2025-12-31 |
| 16 | REINA.AS Reinet Investments S.C.A.Listed NL, based LU · Financial Services · Asset Management | $4.85B | $5.46B | 1.13 | 11.2% | 7.2% | $1.23B $7.57B book $7.57B book | 2026-03-31 |
| 17 | AD.AS Koninklijke Ahold Delhaize N.V.Listed NL, based NL · Consumer Defensive · Grocery Stores | $30.92B | $31.02B | 1.00 | 0.3% | 7.5% | $33.31B $31.23B $28.53B | 2025-12-31 |
| 18 | WKL.AS Wolters Kluwer N.V.Listed NL, based NL · Industrials · Specialty Business Services | $16.95B | $16.45B | 0.97 | -3.1% | 4.6% | $31.29B $6.24B $11.80B | 2025-12-31 |
| 19 | KPN.AS Koninklijke KPN N.V.Listed NL, based NL · Communication Services · Telecom Services | $16.69B | $14.68B | 0.88 | -13.7% | 5.0% | $20.31B $12.10B $11.65B | 2025-12-31 |
| 20 | BAMNB.AS Koninklijke BAM Groep nvListed NL, based NL · Industrials · Engineering & Construction | $3.37B | $2.96B | 0.88 | -13.9% | 7.6% | $3.44B $2.95B $2.49B | 2025-12-31 |
| 21 | UNA.AS Unilever PLCListed NL, based GB · Consumer Defensive · Household & Personal Products | $127.84B | $97.23B | 0.76 | -31.5% | 7.2% | $120.73B $82.23B $88.73B | 2025-12-31 |
| 22 | PRX.AS Prosus N.V.Listed NL, based NL · Consumer Cyclical · Internet Retail | $81.09B | $61.30B | 0.76 | -32.3% | 8.2% | $53.92B book $76.05B $53.92B book | 2026-03-31 |
| 23 | THEON.AS Theon International PlcListed NL, based CY · Industrials · Aerospace & Defense | $2.47B | $1.82B | 0.73 | -36.1% | 9.9% | $526.27M book $4.40B $526.27M book | 2025-12-31 |
| 24 | MICC.AS THE MAGNUM ICE CREAM COMPANY N.Listed NL, based NL · Consumer Defensive · Packaged Foods | $10.48B | $7.12B | 0.68 | -47.2% | 8.3% | $6.07B $11.06B $4.23B | 2025-12-31 |
| 25 | UMG.AS Universal Music Group N.V.Listed NL, based NL · Communication Services · Entertainment | $28.80B | $18.75B | 0.65 | -53.6% | 8.4% | $20.77B $21.46B $14.01B | 2025-12-31 |
| 26 | HEIA.AS Heineken N.V.Listed NL, based NL · Consumer Defensive · Beverages - Brewers | $43.34B | $27.83B | 0.64 | -55.8% | 5.9% | $30.97B $26.97B $25.55B | 2025-12-31 |
| 27 | CRBN.AS Corbion N.V.Listed NL, based NL · Basic Materials · Specialty Chemicals | $1.58B | $963.94M | 0.61 | -63.9% | 7.7% | $1.14B $898.75M $848.88M | 2025-12-31 |
| 28 | CCEP.AS Coca-Cola Europacific Partners PLCListed NL, based GB · Consumer Defensive · Beverages - Non-Alcoholic | $44.41B | $27.04B | 0.61 | -64.3% | 7.3% | $32.76B $26.05B $22.30B | 2025-12-31 |
| 29 | VLK.AS Van Lanschot Kempen NVListed NL, based NL · Financial Services · Banks - Regional | $2.92B | $1.77B | 0.60 | -65.4% | 7.2% | $2.00B $1.81B $1.49B book | 2025-12-31 |
| 30 | AKZA.AS Akzo Nobel N.V.Listed NL, based NL · Basic Materials · Specialty Chemicals | $10.91B | $6.53B | 0.60 | -67.1% | 7.8% | $5.65B $6.74B $7.20B | 2025-12-31 |
| 31 | SHELL.AS Shell plcListed NL, based GB · Energy · Oil & Gas Integrated | $271.55B | $158.60B | 0.58 | -71.2% | 9.1% | $167.73B $155.68B $152.38B | 2025-12-31 |
| 32 | MT.AS ArcelorMittal S.A.Listed NL, based LU · Basic Materials · Steel | $48.42B | $27.78B | 0.57 | -74.3% | 12.4% | $12.26B $14.20B $56.88B book | 2025-12-31 |
| 33 | ARCAD.AS Arcadis NVListed NL, based NL · Industrials · Engineering & Construction | $4.05B | $2.28B | 0.56 | -77.8% | 8.0% | $2.20B $2.96B $1.69B | 2025-12-31 |
| 34 | PHIA.AS Koninklijke Philips N.V.Listed NL, based NL · Healthcare · Medical Devices | $23.36B | $13.12B | 0.56 | -78.0% | 8.1% | $13.12B book $13.12B book $13.12B book | 2025-12-31 |
| 35 | CSG.AS CSG N.V.Listed NL, based CZ · Industrials · Aerospace & Defense | $15.95B | $8.61B | 0.54 | -85.3% | 9.3% | $16.88B $6.51B $2.44B book | 2025-12-31 |
| 36 | VPK.AS Koninklijke Vopak N.V.Listed NL, based NL · Energy · Oil & Gas Midstream | $6.20B | $3.30B | 0.53 | -88.0% | 7.1% | $2.01B $5.13B $2.75B | 2025-12-31 |
| 37 | REN.AS RELX PLCListed NL, based GB · Industrials · Specialty Business Services | $58.08B | $30.50B | 0.53 | -90.4% | 5.5% | $47.95B $19.43B $24.13B | 2025-12-31 |
| 38 | DSFIR.AS DSM-Firmenich AGListed NL, based CH · Basic Materials · Specialty Chemicals | $26.42B | $13.77B | 0.52 | -91.9% | 6.6% | $209.47M $20.55B book $20.55B book | 2025-12-31 |
| 39 | APAM.AS Aperam S.A.Listed NL, based LU · Basic Materials · Steel | $2.88B | $1.49B | 0.52 | -93.4% | 11.3% | $650.65M $3.76B book $63.23M | 2025-12-31 |
| 40 | HEIJM.AS Koninklijke Heijmans N.V.Listed NL, based NL · Industrials · Engineering & Construction | $2.49B | $1.29B | 0.52 | -94.0% | 11.9% | $1.28B $1.82B $751.08M | 2025-12-31 |
| 41 | INPST.AS InPost S.A.Listed NL, based LU · Industrials · Integrated Freight & Logistics | $8.75B | $4.43B | 0.51 | -97.4% | 9.0% | $1.90B $11.17B $225.81M | 2025-12-31 |
| 42 | RAND.AS Randstad N.V.Listed NL, based NL · Industrials · Staffing & Employment Services | $8.06B | $3.98B | 0.49 | -102.8% | 8.8% | $4.81B $3.87B $3.25B | 2025-12-31 |
| 43 | ADYEN.AS Adyen N.V.Listed NL, based NL · Technology · Software - Infrastructure | $30.48B | $14.09B | 0.46 | -116.3% | 15.6% | $19.62B $15.90B $6.76B book | 2025-12-31 |
| 44 | TWEKA.AS TKH Group N.V.Listed NL, based NL · Technology · Communication Equipment | $2.19B | $956.91M | 0.44 | -128.8% | 8.6% | $980.05M $860.62M $1.03B book | 2025-12-31 |
| 45 | IMCD.AS IMCD N.V.Listed NL, based NL · Basic Materials · Specialty Chemicals | $6.32B | $2.54B | 0.40 | -148.8% | 8.9% | $2.82B $2.60B $2.20B | 2025-12-31 |
| 46 | AALB.AS Aalberts N.V.Listed NL, based NL · Industrials · Specialty Industrial Machinery | $4.83B | $1.75B | 0.36 | -175.5% | 10.2% | $1.72B $1.95B $1.58B | 2025-12-31 |
| 47 | ALLFG.AS Allfunds Group plcListed NL, based GB · Financial Services · Asset Management | $6.27B | $1.66B | 0.27 | -277.3% | 6.8% | $1.16B $1.69B $2.13B book | 2025-12-31 |
| 48 | ASML.AS ASML Holding N.V.Listed NL, based NL · Technology · Semiconductor Equipment & Materials | $713.30B | $165.62B | 0.23 | -330.7% | 12.7% | $106.54B $218.38B $171.95B | 2025-12-31 |
| 49 | ASM.AS ASM International NVListed NL, based NL · Technology · Semiconductor Equipment & Materials | $51.82B | $8.48B | 0.16 | -511.2% | 13.6% | $7.77B $7.96B $9.71B | 2025-12-31 |
| 50 | FER.AS Ferrovial N.V.Listed NL, based NL · Industrials · Engineering & Construction | $44.93B | $5.44B | 0.12 | -725.9% | 8.0% | $3.33B $8.21B $4.77B | 2025-12-31 |
| 51 | BESI.AS BE Semiconductor Industries N.V.Listed NL, based NL · Technology · Semiconductor Equipment & Materials | $18.21B | $1.39B | 0.08 | -1212.0% | 12.3% | $1.73B $593.20M $1.84B | 2025-12-31 |
| 52 | FAST.AS Fastned B.V.Listed NL, based NL · Consumer Cyclical · Specialty Retail | $1.45B | $92.35M | 0.06 | -1470.1% | 8.0% | $92.35M book $92.35M book $92.35M book | 2025-12-31 |
| 53 | BFIT.AS Basic-Fit N.V.Listed NL, based NL · Consumer Cyclical · Leisure | $2.10B | -$137.76M | -0.07 | — | 5.7% | -$832.60M $509.25M -$89.94M | 2025-12-31 |
How to read this page
What Intrinsic Value means
The plain average of three values. Nothing is capped, so it can reach many times the Market Cap.
EPV + Growth
earnings power value plus growth value, less net debt.
Profit
15 years of profit paid to shareholders, plus the book value and the profit kept by then.
FCFF
15 years of free cash flow, plus the capital invested by then, less net debt.
Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.
See how this ranking did on past years
The backtest picks the Top N the same way on an older fiscal year and measures what happened to them.
Open the backtest