Dutch Stocks Fair Value: ASML, Unilever, ING Groep…

Of the 34 Dutch companies below that have an ATLAS fair value estimate, 17 trade more than 8% below the model's central estimate, 7 within 8% of it and 10 more than 8% above it (median: price 13% below fair value). ASML is the largest (market cap $625B); 33 of the 40 pay a dividend, with a median yield of 3.1%.

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

#	Company	Price	ATLAS fair value	Range	Price vs fair value	Confidence	Dividend yield
1	ASMLASML.AS	€1,408	€871.24	€589.88–€982.91	+62%	medium	0.51%
2	UnileverUNA.AS	€58.89	€58.85	€41.86–€82.74	+0.1%	medium	3.29%
3	ING GroepINGA.AS	€28.14	€21.98	€19.78–€24.18	+28%	medium	3.84%
4	ProsusPRX.AS	€35.19	€21.68	€15.47–€31.21	+62%	low	0.90%
5	HeinekenHEIA.AS	€81.48	€67.61	€50.28–€90.01	+21%	medium	2.52%
6	ASM InternationalASM.AS	€718.20	€501.21	€402.44–€624.22	+43%	medium
7	ABN AmroABN.AS	€40.00	€31.75	€28.57–€34.92	+26%	medium	3.42%
8	AdyenADYEN.AS	€851.20	€1,259	€1,119–€1,579	-32%	high
9	Koninklijke Ahold DelhaizeAD.AS	€32.03					3.77%
10	Universal MusicUMG.AS	€17.11	€16.96	€9.96–€28.88	+0.9%	medium	1.77%
11	ExorEXO.AS	€71.85					0.72%
12	Koninklijke PhilipsPHIA.AS	€24.52	€31.33	€21.36–€45.93	-22%	medium	3.71%
13	NNNN.AS	€77.72	€71.07	€63.96–€78.17	+9.4%	medium	5.32%
14	Wolters KluwerWKL.AS	€87.42	€168.74	€133.97–€212.53	-48%	medium	3.09%
15	Koninklijke KPNKPN.AS	€4.32	€4.14	€2.75–€6.22	+4.5%	medium	4.43%
16	ASR NederlandASRNL.AS	€75.98	€97.58	€87.82–€107.34	-22%	medium	4.77%
17	CSGCSG.AS	€14.24	€28.99	€21.17–€45.20	-51%	medium
18	BE Semiconductor IndustriesBESI.AS	€153.50	€71.89	€48.05–€107.56	+114%	medium	1.00%
19	Akzo NobelAKZA.AS	€61.94	€113.34	€80.78–€159.01	-45%	medium	2.58%
20	The Magnum Ice Cream CompanyMICC.AS	€18.02	€17.14	€13.07–€22.47	+5.2%	medium
21	RandstadRAND.AS	€42.03	€52.00	€33.04–€81.84	-19%	medium	3.99%
22	CTPCTPNV.AS	€12.72	€8.92	€4.50–€17.49	+43%	medium	2.58%
23	IMCDIMCD.AS	€104.45	€135.15	€104.05–€224.91	-23%	high	1.80%
24	Koninklijke VopakVPK.AS	€53.85					3.37%
25	SBM OffshoreSBMO.AS	€34.30	€61.84	€31.56–€86.61	-45%	low	3.32%
26	Aalberts IndustriesAALB.AS	€41.76	€38.69	€24.44–€61.25	+7.9%	medium	2.79%
27	BanijayBNJ.AS	€7.90	€17.77	€14.80–€21.12	-56%	low	4.34%
28	ArcadisARCAD.AS	€47.52	€63.62	€38.06–€106.33	-25%	medium	2.56%
29	Koninklijke BAM GroepBAMNB.AS	€12.69	€17.28	€13.87–€23.35	-27%	medium	2.60%
30	Van LanschotVLK.AS	€62.00	€48.33	€43.50–€53.16	+28%	medium	4.78%
31	Koninklijke HeijmansHEIJM.AS	€86.00	€115.44	€90.36–€147.47	-26%	medium	2.90%
32	TKHTWEKA.AS	€49.90	€82.69	€51.50–€107.02	-40%	medium	2.68%
33	Basic FitBFIT.AS	€30.00	€49.46	€44.51–€54.40	-39%	low
34	HAVASHAVAS.AS	€17.85					4.66%
35	SignifyLIGHT.AS	€15.57					10.12%
36	Fastned B.V.FAST.AS	€32.60
37	Eurocommercial PropertiesECMPA.AS	€24.75	€31.13	€13.79–€63.85	-20%	high	7.08%
38	CorbionCRBN.AS	€27.56	€29.62	€19.35–€45.33	-7.0%	medium	2.72%
39	AMG Critical MaterialsAMG.AS	€24.18	€23.76	€12.93–€32.86	+1.8%	medium	1.86%
40	OCIOCI.AS	€4.11	€11.00	€9.90–€12.10	-63%	low

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. ATLAS publishes 57 companies (the Netherlands); the 40 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 Dutch 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 34 Dutch companies with an estimate, 17 trade more than 8% below the model's central estimate, 7 within 8% and 10 more than 8% above (median: price 13% 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 Dutch companies trade furthest from their ATLAS fair value?

As of Nov 3, 2026, among the companies listed, OCI has the largest gap below the model's central estimate (price -63% vs fair value) and BE Semiconductor Industries the largest gap above (price +114%). These are model outputs, not recommendations.

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.