European Stocks Fair Value: Top 200 (2026)

Of the 189 European companies below that have an ATLAS fair value estimate, 84 trade more than 8% below the model's central estimate, 34 within 8% of it and 71 more than 8% above it (median: price 4.0% below fair value). ASML is the largest (market cap $625B); 176 of the 200 pay a dividend, with a median yield of 2.6%.

Updated Nov 3, 2026 · Source: EODHD / ATLAS model

#	Company	Price	ATLAS fair value	Range	Price vs fair value	Confidence	Dividend yield	Country
1	ASMLASML.AS	€1,408	€871.24	€589.88–€982.91	+62%	medium	0.51%	Netherlands
2	RocheROP.SW	CHF 397.20	CHF 470.74	CHF 371.09–CHF 831.78	-16%	high	2.58%	Switzerland
3	HSBCHSBA.LSE	£12.75	£10.37	£9.33–£11.41	+23%	medium	5.80%	United Kingdom
4	ShellSHEL.LSE	£39.21	£62.80	£43.44–£90.79	-38%	medium	3.82%	United Kingdom
5	NovartisNOVN.SW	CHF 131.52	CHF 212.84	CHF 147.18–CHF 307.79	-38%	medium	3.71%	Switzerland
6	AstraZenecaAZN.LSE	£138.60	£146.32	£108.26–£210.91	-5.3%	high	2.47%	United Kingdom
7	SAPSAP.XETRA	€204.65	€206.12	€166.85–€335.97	-0.7%	high		Germany
8	NestleNESN.SW	CHF 84.64	CHF 86.55	CHF 55.55–CHF 134.84	-2.2%	medium	3.76%	Switzerland
9	LOréalOR.PA	€436.50	€249.04	€193.21–€321.00	+75%	medium	1.77%	France
10	SiemensSIE.XETRA	€270.35	€232.57	€176.33–€363.46	+16%	high	1.98%	Germany
11	LVMH Moët Hennessy - Louis VuittonMC.PA	€393.65	€590.80	€402.84–€751.17	-33%	high	3.26%	France
12	TotalEnergiesTTE.PA	€83.61	€96.21	€67.70–€136.75	-13%	medium	5.05%	France
13	Banco SantanderSAN.MC	€10.39	€9.60	€8.64–€10.56	+8.2%	medium	1.19%	Spain
14	Industria de Diseno TextilITX.MC	€57.50	€44.92	€36.32–€60.30	+28%	high	2.16%	Spain
15	AllianzALV.XETRA	€440.40	€572.48	€515.23–€629.73	-23%	medium	3.98%	Germany
16	Novo NordiskNOVO-B.CO	DKK 270.20	DKK 518.28	DKK 323.94–DKK 615.05	-48%	medium	4.44%	Denmark
17	AirbusAIR.XETRA	€196.18	€204.45	€163.09–€256.30	-4.0%	medium	1.63%	Germany
18	AirbusAIR.PA	€196.08	€170.44	€129.59–€224.16	+15%	medium	1.63%	France
19	ABBABBN.SW	CHF 71.34	CHF 52.53	CHF 34.80–CHF 70.00	+36%	high	1.59%	Switzerland
20	IberdrolaIBE.MC	€22.25					1.98%	Spain
21	Schneider Electric S.E.SU.PA	€240.45	€129.32	€90.08–€185.64	+86%	medium	1.66%	France
22	Anheuser Busch InbevABI.BR	€74.00	€68.71	€48.65–€97.02	+7.7%	medium	1.61%	Belgium
23	Hermes InternationalRMS.PA	€1,321	€1,149	€935.28–€1,412	+15%	medium	0.97%	France
24	Rolls-RoyceRR.LSE	£12.76	£12.87	£11.78–£19.54	-0.8%	high	0.83%	United Kingdom
25	UBSUBSG.SW	CHF 39.79	CHF 27.63	CHF 24.86–CHF 30.39	+44%	medium		Switzerland
26	SafranSAF.PA	€288.20	€309.51	€215.85–€443.80	-6.9%	medium	1.06%	France
27	Rio TintoRIO.LSE	£61.96	£54.71	£36.32–£82.43	+13%	medium	7.10%	United Kingdom
28	Banco Bilbao Vizcaya ArgentariaBBVA.MC	€21.58	€20.59	€18.53–€22.65	+4.8%	medium	2.67%	Spain
29	UnileverUNA.AS	€58.89	€58.85	€41.86–€82.74	+0.1%	medium	3.29%	Netherlands
30	Deutsche TelekomDTE.XETRA	€25.84	€37.99	€25.72–€55.56	-32%	medium	3.91%	Germany
31	UnileverULVR.LSE	£49.01	£42.17	£29.02–£61.27	+16%	medium	3.85%	United Kingdom
32	BPBP.LSE	£6.00	£4.65	£2.82–£7.60	+29%	low	5.55%	United Kingdom
33	British American TobaccoBATS.LSE	£45.74	£53.18	£41.77–£100.07	-14%	high	5.54%	United Kingdom
34	Investor AB ser. AINVE-A.ST	SEK 420.00	SEK 835.31	SEK 751.78–SEK 918.85	-50%	low	1.38%	Sweden
35	Investor AB ser. BINVE-B.ST	SEK 428.20	SEK 853.04	SEK 767.73–SEK 938.34	-50%	low	1.36%	Sweden
36	Compagnie Financière RichemontCFR.SW	CHF 166.95	CHF 121.30	CHF 98.05–CHF 175.07	+38%	high	2.17%	Switzerland
37	Air LiquideAI.PA	€182.04	€164.24	€145.63–€183.38	+11%	medium	1.94%	France
38	Siemens EnergyENR.XETRA	€130.00	€63.06	€48.77–€81.55	+106%	medium	0.53%	Germany
39	BNP ParibasBNP.PA	€87.04	€155.15	€139.63–€170.66	-44%	medium	6.62%	France
40	Zurich InsuranceZURN.SW	CHF 623.60	CHF 1,023	CHF 920.43–CHF 1,125	-39%	medium	6.17%	Switzerland
41	EquinorEQNR.OL	NOK 427.90	NOK 427.24	NOK 280.46–NOK 553.95	+0.2%	high	0.36%	Norway
42	AXACS.PA	€42.97	€82.61	€74.35–€90.87	-48%	medium	5.41%	France
43	SanofiSAN.PA	€80.63	€179.57	€138.86–€232.20	-55%	medium		France
44	Atlas Copco AB Series AATCO-A.ST	SEK 187.15	SEK 125.23	SEK 94.50–SEK 174.65	+49%	high	1.50%	Sweden
45	GSKGSK.LSE	£18.25	£30.51	£22.50–£46.75	-40%	medium	4.31%	United Kingdom
46	ING GroepINGA.AS	€28.14	€21.98	€19.78–€24.18	+28%	medium	3.84%	Netherlands
47	CaixabankCABK.MC	€11.46	€10.67	€9.61–€11.74	+7.4%	medium	2.97%	Spain
48	GlencoreGLEN.LSE	£5.19	£5.43	£4.46–£9.68	-4.5%	medium	3.02%	United Kingdom
49	Christian DiorCDI.PA	€427.00					3.38%	France
50	ProsusPRX.AS	€35.19	€21.68	€15.47–€31.21	+62%	low	0.90%	Netherlands
51	Lloyds BankingLLOY.LSE	£0.952	£0.708	£0.637–£0.778	+35%	medium	4.05%	United Kingdom
52	National GridNG.LSE	£12.52	£9.13	£6.09–£13.55	+37%	medium	3.87%	United Kingdom
53	BarclaysBARC.LSE	£4.24	£5.93	£5.34–£6.52	-28%	medium		United Kingdom
54	Münchener RückMUV2.XETRA	€568.00	€541.58	€487.42–€595.74	+4.9%	medium	4.42%	Germany
55	EssilorLuxottica S. A.EL.PA	€186.90	€276.75	€191.55–€396.43	-32%	high	2.63%	France
56	BAE SystemsBA.LSE	£20.73	£36.40	£25.45–£52.06	-43%	medium	1.94%	United Kingdom
57	Infineon TechnologiesIFX.XETRA	€52.00	€31.12	€24.17–€40.05	+67%	medium	0.67%	Germany
58	NatWestNWG.LSE	£5.92	£5.26	£4.73–£5.78	+13%	medium	5.51%	United Kingdom
59	Deutsche PostDHL.XETRA	€59.20	€76.39	€47.78–€122.13	-23%	medium	3.29%	Germany
60	EngieENGI.PA	€23.46	€22.04	€18.53–€25.96	+6.4%	medium	5.91%	France
61	VinciDG.PA	€110.30	€174.52	€151.48–€199.07	-37%	medium	4.74%	France
62	RelxREL.LSE	£29.98	£33.33	£24.80–£44.78	-10%	medium	2.35%	United Kingdom
63	AB Volvo (publ)VOLV-B.ST	SEK 309.00	SEK 398.39	SEK 224.05–SEK 578.21	-22%	high		Sweden
64	Nordea BankNDA-FI.HE	€15.80	€17.73	€15.96–€19.51	-11%	medium	8.31%	Finland
65	Deutsche BörseDB1.XETRA	€313.60	€376.81	€339.13–€414.49	-17%	medium		Germany
66	Deutsche BankDBK.XETRA	€30.59	€51.09	€45.98–€56.20	-40%	medium		Germany
67	Standard CharteredSTAN.LSE	£20.55	£16.10	£14.49–£17.71	+28%	medium		United Kingdom
68	Nordea BankNDA-SE.ST	SEK 173.15	SEK 207.54	SEK 186.78–SEK 228.29	-17%	medium	0.74%	Sweden
69	Anglo AmericanAAL.LSE	£38.24	£22.44	£16.24–£31.01	+70%	medium	1.00%	United Kingdom
70	London Stock ExchangeLSEG.LSE	£95.24	£87.20	£78.48–£95.92	+9.2%	medium	1.81%	United Kingdom
71	NokiaNOKIA.HE	€7.68	€4.39	€2.38–€8.03	+75%	medium	1.67%	Finland
72	KBC GroepKBC.BR	€114.85	€96.41	€86.77–€106.05	+19%	medium	4.23%	Belgium
73	Credit AgricoleACA.PA	€14.94	€26.67	€24.00–€29.33	-44%	medium		France
74	Swiss ReSREN.SW	CHF 153.65	CHF 118.95	CHF 107.06–CHF 130.85	+29%	medium	5.31%	Switzerland
75	RheinmetallRHM.XETRA	€1,000	€1,044	€665.44–€1,638	-4.2%	medium	1.09%	Germany
76	ThalesHO.PA	€232.00	€393.55	€232.38–€666.48	-41%	medium	1.27%	France
77	Societe GeneraleGLE.PA	€61.50	€90.41	€81.37–€99.45	-32%	medium	2.80%	France
78	BASFBAS.XETRA	€53.55	€49.16	€30.78–€78.52	+8.9%	medium		Germany
79	E.ONEOAN.XETRA	€18.75	€28.95	€21.59–€38.44	-35%	medium	3.26%	Germany
80	DiageoDGE.LSE	£18.06	£17.12	£13.43–£21.82	+5.5%	medium	2.84%	United Kingdom
81	LonzaLONN.SW	CHF 648.20	CHF 409.81	CHF 368.83–CHF 450.79	+58%	low	0.82%	Switzerland
82	RWERWE.XETRA	€56.52	€61.94	€33.98–€111.76	-8.8%	medium	2.11%	Germany
83	Siemens HealthineersSHL.XETRA	€43.40	€58.01	€40.40–€99.42	-25%	high	2.44%	Germany
84	BayerBAYN.XETRA	€50.02	€58.61	€44.51–€77.17	-15%	medium	0.25%	Germany
85	A.P. Møller - MærskMAERSK-A.CO	DKK 22,420	DKK 15,297	DKK 10,824–DKK 21,403	+47%	medium	0.33%	Denmark
86	Coca-Cola Europacific PartnersCCEP.LSE	£85.70	£90.54	£66.33–£123.60	-5.3%	medium	2.49%	United Kingdom
87	EndesaELE.MC	€43.43	€40.44	€32.86–€49.76	+7.4%	medium	2.51%	Spain
88	Erste Group BankEBS.VI	€108.90	€92.48	€83.23–€101.72	+18%	medium	0.69%	Austria
89	Galderma Group NGALD.SW	CHF 191.50					0.25%	Switzerland
90	Erste Group BankERBAG.PR	CZK 2,640	CZK 2,269	CZK 2,042–CZK 2,496	+16%	medium	0.03%	Czechia
91	Polski Koncern Naftowy ORLENPKN.WAR	PLN 144.30					5.18%	Poland
92	HeinekenHEIA.AS	€81.48	€67.61	€50.28–€90.01	+21%	medium	2.52%	Netherlands
93	CommerzbankCBK.XETRA	€37.99	€25.80	€23.22–€28.38	+47%	medium	2.97%	Germany
94	Reckitt BenckiserRKT.LSE	£55.74	£58.09	£32.69–£76.50	-4.0%	high	3.86%	United Kingdom
95	DnBDNB.OL	NOK 319.20	NOK 435.41	NOK 391.87–NOK 478.95	-27%	medium	5.90%	Norway
96	Swedbank AB (publ)SWED-A.ST	SEK 388.80	SEK 351.64	SEK 316.48–SEK 386.80	+11%	medium		Sweden
97	SandvikSAND.ST	SEK 364.10	SEK 344.17	SEK 211.81–SEK 408.61	+5.8%	high		Sweden
98	DanoneBN.PA	€66.06	€69.01	€44.09–€108.02	-4.3%	medium	3.71%	France
99	TescoTSCO.LSE	£5.45	£9.37	£7.11–£12.34	-42%	medium	2.75%	United Kingdom
100	HaleonHLN.LSE	£3.23	£5.29	£3.61–£8.20	-39%	medium	1.95%	United Kingdom
101	AntofagastaANTO.LSE	£32.53	£17.04	£10.14–£28.35	+91%	medium	2.32%	United Kingdom
102	GivaudanGIVN.SW	CHF 4,000	CHF 3,324	CHF 1,884–CHF 4,446	+20%	high	1.81%	Switzerland
103	AenaAENA.MC	€27.60	€43.15	€29.30–€63.57	-36%	medium	4.00%	Spain
104	UCBUCB.BR	€278.10	€349.22	€219.40–€417.97	-20%	high	0.70%	Belgium
105	OrangeORA.PA	€14.49					5.19%	France
106	HolcimHOLN.SW	CHF 71.10	CHF 73.51	CHF 56.67–CHF 95.36	-3.3%	medium	2.62%	Switzerland
107	Danske BankDANSKE.CO	DKK 347.10	DKK 413.59	DKK 372.23–DKK 454.95	-16%	medium	4.80%	Denmark
108	Skandinaviska Enskilda Banken AB (publ)SEB-A.ST	SEK 208.80	SEK 195.76	SEK 176.19–SEK 215.34	+6.7%	medium		Sweden
109	Mercedes-BenzMBG.XETRA	€41.16	€63.61	€16.58–€128.88	-35%	medium	8.59%	Germany
110	PorscheP911.XETRA	€46.41	€60.35	€52.28–€68.96	-23%	medium	2.35%	Germany
111	DSVDSV.CO	DKK 1,448	DKK 2,712	DKK 1,879–DKK 4,015	-47%	medium	0.51%	Denmark
112	ASM InternationalASM.AS	€718.20	€501.21	€402.44–€624.22	+43%	medium		Netherlands
113	SSESSE.LSE	£26.02	£12.88	£10.29–£15.95	+102%	medium	2.64%	United Kingdom
114	SwisscomSCMN.SW	CHF 700.00	CHF 410.46	CHF 330.27–CHF 505.03	+71%	medium	3.87%	Switzerland
115	ASSA ABLOY AB (publ)ASSA-B.ST	SEK 396.30	SEK 237.29	SEK 177.62–SEK 313.84	+67%	medium	1.68%	Sweden
116	SandozSDZ.SW	CHF 82.86	CHF 59.02	CHF 36.95–CHF 87.73	+40%	medium	1.32%	Switzerland
117	VolkswagenVOW.XETRA	€69.80	€188.87	€60.45–€584.22	-63%	low	7.54%	Germany
118	LegrandLR.PA	€132.85	€114.05	€71.72–€154.93	+16%	high	1.81%	France
119	Bayerische Motoren WerkeBMW.XETRA	€58.86	€86.99	€78.29–€95.69	-32%	medium	7.73%	Germany
120	Powszechna Kasa Oszczednosci Bank PolskiPKO.WAR	PLN 112.30	PLN 112.24	PLN 101.01–PLN 123.46	+0.1%	medium	5.30%	Poland
121	Hannover RückHNR1.XETRA	€291.20	€208.24	€187.42–€229.06	+40%	medium	4.53%	Germany
122	ABN AmroABN.AS	€40.00	€31.75	€28.57–€34.92	+26%	medium	3.42%	Netherlands
123	VodafoneVOD.LSE	£1.17	£1.94	£1.75–£2.14	-40%	low	3.92%	United Kingdom
124	Compagnie de Saint-GobainSGO.PA	€70.40	€158.12	€120.54–€207.40	-55%	medium	3.46%	France
125	TalanxTLX.XETRA	€128.30	€179.42	€161.48–€197.36	-28%	medium	2.90%	Germany
126	EQT AB (publ)EQT.ST	SEK 319.00					0.16%	Sweden
127	RepsolREP.MC	€29.97	€51.97	€32.41–€73.67	-42%	medium	3.68%	Spain
128	Daimler TruckDTG.XETRA	€40.61	€37.45	€26.10–€53.19	+8.4%	medium	4.65%	Germany
129	SikaSIKA.SW	CHF 184.75	CHF 203.16	CHF 120.92–CHF 341.32	-9.1%	medium	2.02%	Switzerland
130	Telefonaktiebolaget LM Ericsson (publ)ERIC-B.ST	SEK 108.80	SEK 189.63	SEK 172.24–SEK 334.06	-43%	medium	2.86%	Sweden
131	Schindler PsSCHP.SW	CHF 306.40	CHF 373.09	CHF 295.61–CHF 551.11	-18%	high		Switzerland
132	Saab AB (publ)SAAB-B.ST	SEK 654.30	SEK 616.36	SEK 480.06–SEK 791.36	+6.2%	medium	0.38%	Sweden
133	SchindlerSCHN.SW	CHF 297.50	CHF 369.51	CHF 290.20–CHF 541.02	-19%	high		Switzerland
134	Cez A.S.CEZ.PR	CZK 1,360	CZK 2,175	CZK 1,507–CZK 3,140	-37%	medium	3.08%	Czechia
135	Dassault SystemesDSY.PA	€25.62	€29.43	€25.02–€45.07	-13%	high		France
136	3IIII.LSE	£25.28	£56.91	£51.22–£62.60	-56%	medium	3.47%	United Kingdom
137	AdyenADYEN.AS	€851.20	€1,259	€1,119–€1,579	-32%	high		Netherlands
138	Kuehne & NagelKNIN.SW	CHF 241.40	CHF 191.22	CHF 111.53–CHF 327.87	+26%	medium	2.61%	Switzerland
139	ExperianEXPN.LSE	£30.23	£31.71	£22.64–£44.39	-4.7%	medium	2.40%	United Kingdom
140	OTP Bank NyrtOTP.BUD	HUF 41,850	HUF 51,751	HUF 46,576–HUF 56,926	-19%	medium	2.57%	Hungary
141	Novonesis (Novozymes)NSIS-B.CO	DKK 461.50	DKK 352.63	DKK 232.94–DKK 533.81	+31%	medium	0.19%	Denmark
142	Henkel AG & Co.HEN.XETRA	€74.10	€110.90	€94.82–€208.86	-33%	high	2.90%	Germany
143	Naturgy EnergyNTGY.MC	€29.40	€41.42	€32.78–€52.34	-29%	medium	3.85%	Spain
144	Koninklijke Ahold DelhaizeAD.AS	€32.03					3.77%	Netherlands
145	Epiroc AB (publ)EPI-A.ST	SEK 247.00	SEK 118.74	SEK 95.70–SEK 147.33	+108%	medium	1.53%	Sweden
146	HOCHTIEFHOT.XETRA	€378.00	€164.66	€129.82–€206.76	+130%	medium	1.76%	Germany
147	AlconALC.SW	CHF 60.42	CHF 65.13	CHF 41.19–CHF 102.97	-7.2%	medium	0.65%	Switzerland
148	Swiss LifeSLHN.SW	CHF 959.60	CHF 733.12	CHF 659.81–CHF 806.43	+31%	medium	3.95%	Switzerland
149	KONEKNEBV.HE	€56.34	€41.89	€36.73–€68.09	+34%	high	3.30%	Finland
150	Universal MusicUMG.AS	€17.11	€16.96	€9.96–€28.88	+0.9%	medium	1.77%	Netherlands
151	Svenska Handelsbanken AB (publ)SHB-A.ST	SEK 156.05	SEK 126.62	SEK 113.96–SEK 139.28	+23%	medium	5.42%	Sweden
152	adidasADS.XETRA	€172.85	€197.56	€129.93–€300.39	-13%	medium		Germany
153	KeringKER.PA	€179.66	€298.82	€238.54–€503.13	-40%	medium	0.81%	France
154	PrudentialPRU.LSE	£9.33	£13.87	£12.49–£15.26	-33%	medium	3.12%	United Kingdom
155	Publicis GroupePUB.PA	€101.00	€172.14	€128.43–€242.93	-41%	medium	3.69%	France
156	AvivaAV.LSE	£7.30	£3.09	£2.79–£3.40	+136%	medium	5.65%	United Kingdom
157	Imperial BrandsIMB.LSE	£29.79	£68.83	£47.52–£99.68	-57%	medium	5.63%	United Kingdom
158	Kongsberg GruppenKOG.OL	NOK 357.60	NOK 234.04	NOK 190.42–NOK 337.01	+53%	high	0.73%	Norway
159	Heidelberg MaterialsHEI.XETRA	€156.55	€301.10	€175.30–€376.61	-48%	medium	2.49%	Germany
160	Neste OilNESTE.HE	€28.41	€26.06	€18.40–€39.78	+9.0%	medium	0.68%	Finland
161	Hexagon AB (publ)HEXA-B.ST	SEK 109.75	SEK 136.81	SEK 91.40–SEK 204.77	-20%	medium	0.14%	Sweden
162	BTBT-A.LSE	£2.28	£3.49	£2.37–£5.14	-35%	medium	3.90%	United Kingdom
163	H & M Hennes & Mauritz AB (publ)HM-B.ST	SEK 178.05	SEK 257.47	SEK 157.24–SEK 421.60	-31%	medium	4.08%	Sweden
164	OMVOMV.VI	€73.85	€72.14	€57.80–€90.03	+2.4%	medium	4.31%	Austria
165	Vestas Wind SystemsVWS.CO	DKK 191.80	DKK 348.93	DKK 204.25–DKK 590.15	-45%	low	0.05%	Denmark
166	Fresenius SE & Co.FRE.XETRA	€48.58	€54.67	€32.04–€91.64	-11%	high	2.34%	Germany
167	Veolia Environnement VEVIE.PA	€33.01	€24.92	€17.56–€35.37	+32%	medium	4.70%	France
168	FresnilloFRES.LSE	£23.37	£23.13	£22.09–£36.87	+1.0%	medium	5.57%	United Kingdom
169	Hapag LloydHLAG.XETRA	€133.30	€94.78	€85.30–€104.26	+41%	medium	2.26%	Germany
170	Sampo Oyj ASAMPO.HE	€9.49	€11.92	€10.73–€13.11	-20%	medium	3.96%	Finland
171	ACS Actividades de Construccion y ServiciosACS.MC	€91.15	€67.26	€60.54–€73.99	+36%	medium	2.57%	Spain
172	RyanairRYA.IR	€24.10	€41.36	€25.17–€67.97	-42%	medium	1.73%	Ireland
173	Compagnie Generale des Etablissements MichelinML.PA	€32.63	€43.21	€26.35–€70.85	-24%	medium	13.66%	France
174	AIBA5G.IR	€10.93	€11.65	€10.49–€12.82	-6.2%	medium	6.08%	Ireland
175	ExorEXO.AS	€71.85					0.72%	Netherlands
176	VERBUNDVER.VI	€69.20	€68.30	€44.25–€105.44	+1.3%	medium	3.09%	Austria
177	Amadeus ITAMS.MC	€59.40	€111.54	€72.88–€170.70	-47%	medium	1.86%	Spain
178	Dassault AviationAM.PA	€304.20	€454.47	€436.57–€742.35	-33%	medium	1.59%	France
179	HelvetiaHBAN.SW	CHF 219.60	CHF 78.83	CHF 70.94–CHF 86.71	+179%	low	3.63%	Switzerland
180	OrstedORSTED.CO	DKK 135.10	DKK 54.84	DKK 49.35–DKK 60.32	+146%	low		Denmark
181	EMS-CHEMIEEMSN.SW	CHF 856.50	CHF 544.66	CHF 417.08–CHF 773.85	+57%	high	1.65%	Switzerland
182	Koninklijke PhilipsPHIA.AS	€24.52	€31.33	€21.36–€45.93	-22%	medium	3.71%	Netherlands
183	Aker BPAKRBP.OL	NOK 378.90						Norway
184	International Consolidated AirlinesIAG.MC	€5.01					2.01%	Spain
185	Alfa LavalALFA.ST	SEK 542.20	SEK 388.84	SEK 313.92–SEK 481.64	+39%	medium	1.63%	Sweden
186	Sartorius Stedim BiotechDIM.PA	€224.20	€128.68	€108.29–€151.37	+74%	medium		France
187	FortumFORTUM.HE	€22.32	€13.74	€10.10–€18.69	+62%	medium		Finland
188	SGSSGSN.SW	CHF 103.60	CHF 105.13	CHF 81.80–CHF 135.11	-1.5%	medium	3.24%	Switzerland
189	NextNXT.LSE	£154.15	£191.54	£142.49–£266.66	-20%	high	1.81%	United Kingdom
190	GenmabGMAB.CO	DKK 3,698	DKK 4,108	DKK 2,912–DKK 6,135	-10.0%	medium		Denmark
191	Chocoladefabriken Lindt & Spruengli AG PartLISP.SW	CHF 8,505	CHF 7,977	CHF 6,715–CHF 15,184	+6.6%	high	21.25%	Switzerland
192	EDP - Energias de PortugalEDP.LS	€4.85	€4.01	€3.48–€4.59	+21%	medium	4.24%	Portugal
193	VATVACN.SW	CHF 564.60					1.17%	Switzerland
194	Industrivarden AB ser. AINDU-A.ST	SEK 525.00	SEK 1,328	SEK 1,196–SEK 1,461	-60%	low	1.71%	Sweden
195	NNNN.AS	€77.72	€71.07	€63.96–€78.17	+9.4%	medium	5.32%	Netherlands
196	Industrivarden AB ser. CINDU-C.ST	SEK 522.00	SEK 1,327	SEK 1,194–SEK 1,460	-61%	low	1.72%	Sweden
197	CapgeminiCAP.PA	€126.90	€183.44	€117.20–€287.10	-31%	medium	2.76%	France
198	GeberitGEBN.SW	CHF 589.00	CHF 396.97	CHF 308.39–CHF 608.48	+48%	high	2.32%	Switzerland
199	MTU Aero EnginesMTX.XETRA	€345.80	€482.57	€313.46–€641.31	-28%	high	1.08%	Germany
200	Raiffeisen Bank InternationalRBI.VI	€56.40	€90.00	€81.00–€99.00	-37%	medium	2.84%	Austria

Price vs fair value = latest close ÷ ATLAS fair value − 1: negative means the price is below the model's central estimate, positive above. Ordered by market capitalization. Prices and fair values are in each company's trading currency.

How this list is built

Ranking: companies are ordered by market capitalization in US dollars (EODHD). Investment funds and trusts and duplicate share classes are removed. The list covers 1,910 companies on 18 European stock exchanges that ATLAS publishes; the 200 largest are shown.

Fair value: ATLAS estimates a fair value per share every night with its valuation model (discounted cash flow and/or sector multiples, depending on the company), with a low–high range and a low, medium or high confidence label. Latest model run: Nov 2, 2026.

Price vs fair value is a description of the model, not a forecast and not a recommendation to buy or sell. Models can be wrong; a price below the estimate can stay there. Dividend yield is the forward yield reported by EODHD.

Frequently asked questions

Are European stocks undervalued?

ATLAS does not give a verdict: it compares each price with its own fair value estimate. As of Nov 3, 2026, of the 189 European companies with an estimate, 84 trade more than 8% below the model's central estimate, 34 within 8% and 71 more than 8% above (median: price 4.0% below fair value). This describes a model, not a forecast.

How does ATLAS estimate the fair value of European stocks?

Every night the ATLAS valuation model estimates a fair value per share (discounted cash flow and/or sector multiples, depending on the company) with a low–high range and a confidence label. Price vs fair value is the latest close divided by the central estimate, minus 1. The latest run in this list is from Nov 2, 2026.

Which European companies trade furthest from their ATLAS fair value?

As of Nov 3, 2026, among the companies listed, Volkswagen has the largest gap below the model's central estimate (price -63% vs fair value) and Helvetia the largest gap above (price +179%). These are model outputs, not recommendations.

Which countries have the most companies among the 200 largest?

As of Nov 3, 2026, among the 200 largest European companies listed here: United Kingdom (35), Germany (32), France (30), Switzerland (26), Sweden (19).

Which European exchanges does ATLAS cover?

ATLAS publishes company pages for stocks listed in Zurich (SIX), Frankfurt (XETRA), Paris, Amsterdam, Madrid, London, Copenhagen, Stockholm, Oslo, Helsinki, Brussels, Lisbon, Vienna, Dublin, Athens, Warsaw, Prague, and Budapest. Milan (Borsa Italiana) is not covered yet. 1,910 European companies are in the published universe.

Is this a recommendation to buy or sell?

No. This page is information only, not investment advice. ATLAS estimates come from statistical models using public data; they can be wrong, and past results do not guarantee future ones.