BMW.DE · GER
DAX
Euro Stoxx 50
Bayerische Motoren Werke Aktiengesellschaft
Consumer cyclical · Automobile manufacturers
€57.76
−€0.36 (−0.62%) today
Closing price on Nov 11, 2026 · Source: Yahoo Finance
Consensus of 20 analysts
Hold
Median price target €66.00 +14.3%
- Open
- €58.68
- Day range
- 57.62 – €58.68
- 52-week range
- 51.98 – €97.92
- Volume
- 252,783
- Market cap
- €34,144M
- P/E (TTM)
- 5.8x
- EPS (TTM)
- €9.98
- EPS est. 2026
- €5.66
- P/E est. 2026
- 10.2x
- Dividend yield
- 7.6%
- Beta
- 0.81
- Payout
- 44%
Analyst summary
Generated with AI · Nov 11, 2026, 14:16BMW is a global manufacturer of cars and motorcycles, with additional financing, leasing and fleet services. Its latest quarter showed revenue of €30,452M and net income of €1,461M, while the net margin was 4.8%. Earnings have weakened from recent annual levels, although quarterly EPS exceeded consensus estimates in each of the reported quarters from Q4 2025 to Q3 2026. The valuation is low against several listed peers, but analysts’ overall rating remains Hold.
- 1Q3 2026 revenue was €30,452M and net income was €1,461M.
- 2The current P/E is 5.8x; consensus puts 2027 EPS at €8.101.
- 3Analysts rate the shares Hold, with a €66.00 median target and +14.3% potential.
BMW financials
Q3 2026 results, quarter ended Sep 30, 2026
| Metric | Q3 2026 | 1-year change |
|---|---|---|
| Total revenue | €30,452M | n/a |
| Net income | €1,461M | n/a |
| Earnings per share | €2.46 | n/a |
| Net margin | 4.8% | n/a |
| Free cash flow | €351M | n/a |
| Debt / equity | n/a | n/a |
Revenue and net income (€M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q2 2025 | €33,927M | €1,752M |
| Q4 2025 | €33,454M | €1,771M |
| Q1 2026 | €31,007M | €1,622M |
| Q2 2026 | €31,259M | €1,236M |
| Q3 2026 | €30,452M | €1,461M |
BMW earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 2 | €0.6460.63 – 0.66 | −77.9%€2.920 |
| Next quarterQ1 2027 · Analysts: 1 | €2.4002.40 – 2.40 | −10.5%€2.680 |
| Current year2026 · Analysts: 13 | €5.6563.37 – 7.36 | −52.4%€11.890 |
| Next year2027 · Analysts: 13 | €8.1016.34 – 11.04 | +43.2%€5.656 |
Forward P/E: 10.2x (2026) and 7.1x (2027) at the current price.
Actual and estimated EPS (€)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q2 2025 | €2.850 | — |
| Q4 2025 | €2.920 | €1.370 |
| Q1 2026 | €2.680 | €2.400 |
| Q2 2026 | €2.050 | €1.950 |
| Q3 2026 | €2.460 | €1.706 |
| Q4 2026 | — | €0.646 |
| Q1 2027 | — | €2.400 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | €27.310 | — |
| 2023 | €17.670 | — |
| 2024 | €11.620 | — |
| 2025 | €11.890 | — |
| 2026 | — | €5.656 |
| 2027 | — | €8.101 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | €2.400 | −10.4% |
| Q4 2026Estimated | €0.646 | −77.9% |
| Q3 2026 | €2.460est. €1.706 · surprise +44.2% | n/a |
| Q2 2026 | €2.050est. €1.950 · surprise +5.1% | −28.1% |
| Q1 2026 | €2.680est. €2.400 · surprise +11.7% | n/a |
| Q4 2025 | €2.920est. €1.370 · surprise +113.1% | n/a |
| Q2 2025 | €2.850 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | €8.101 | +43.2% |
| 2026Estimated | €5.656 | −52.4% |
| 2025 | €11.890 | +2.3% |
| 2024 | €11.620 | −34.2% |
| 2023 | €17.670 | −35.3% |
| 2022 | €27.310 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
BMW dividend
Yield and payments
| Dividend yield (TTM) | 7.6% |
| Forward yield (next 12m) | 7.6% |
| Dividend per share (TTM) | €4.40 |
| Forward dividend (next 12m) | €4.40 |
| Payout (TTM) | 44% |
| Last dividend | €4.40May 14, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year (€)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | €3.50 |
| 2020 | €2.50 |
| 2021 | €1.90 |
| 2022 | €5.80 |
| 2023 | €8.50 |
| 2024 | €6.00 |
| 2025 | €4.30 |
| est. 12m | €4.40 |
BMW forecasts
20 analyst ratings
Consensus: Hold · 7 buy, 10 hold, 3 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | €82.50 | +42.8% |
| Median | €66.00 | +14.3% |
| Low | €52.00 | −10.0% |
| Date | Close |
|---|---|
| Nov 28, 2025 | €88.04 |
| Dec 30, 2025 | €93.14 |
| Jan 30, 2026 | €87.42 |
| Feb 27, 2026 | €89.46 |
| Mar 31, 2026 | €78.00 |
| Apr 30, 2026 | €77.92 |
| May 29, 2026 | €74.76 |
| Jun 30, 2026 | €57.26 |
| Jul 31, 2026 | €59.30 |
| Aug 31, 2026 | €61.98 |
| Sep 30, 2026 | €55.32 |
| Oct 30, 2026 | €57.80 |
| Nov 11, 2026 | €57.76 |
BMW peers
| Ticker | Company | Market cap (€M) | P/E | Price (€) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| BMW.DE | BMW | 34,144 | 5.8x | 57.76 | −0.62% | 51.9897.92 |
| RACE.MI | Ferrari | 66,260 | 39.7x | 378.15 | +1.57% | 269.00390.70 |
| MBG.DE | Mercedes-Benz Group | 39,336 | 7.3x | 41.44 | +0.18% | 38.8962.34 |
| VOW3.DE | Volkswagen Group | 34,419 | 33.3x | 68.66 | +0.26% | 65.92109.15 |
| STLAP.PA | Stellantis | 11,023 | n/a | 3.80 | −1.02% | 3.5110.49 |
| STLAM.MI | Stellantis | 11,023 | n/a | 3.80 | −0.93% | 3.5010.49 |
Risks, catalysts and conclusion
Generated with AI · Nov 11, 2026, 14:16Risks
- A downturn in demand for cars or motorcycles could further reduce revenue and earnings in BMW’s cyclical businesses.
- Continued earnings pressure could leave the 2027 consensus recovery difficult to achieve and challenge the current valuation case.
- Deteriorating credit quality in financing and leasing could increase losses across BMW’s financial services activities.
Catalysts
- A recovery in vehicle demand could support revenue growth across BMW, MINI and Rolls-Royce cars and BMW Motorrad.
- Delivery of the projected 2027 EPS recovery could improve confidence in earnings and the valuation outlook.
- Resilient contributions from financing, leasing and fleet services could support earnings alongside vehicle sales.
Conclusion
BMW combines a comparatively low P/E with a substantial dividend yield, but recent quarterly revenue and annual EPS trends underline the pressure on earnings. Consensus expects EPS to recover in 2027 after a steep projected decline in 2026, while the analyst split remains centred on Hold. The shares therefore offer a potential recovery case, balanced by execution risk and the cyclical exposure of the automotive and financial services businesses.
Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 14:16.
This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.
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