Home Compare MBG.DE vs PAH3.DE
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Mercedes-Benz Group vs Porsche Automobil Holding: Which Stock Looks Stronger in 2026?

Mercedes-Benz holds the cleaner structural position, with profitability as the main driver and stability adding further support. The remaining gap is narrow enough that the comparison remains open to different readings. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

Profitability still does most of the heavy lifting in this comparison.

INDUSTRY COMPARISON

Both operate in: Auto Manufacturers

This comparison is based on industry proximity, not on functional trajectory similarity. MBG.DE and PAH3.DE share the same industry classification.

For a similarity-based comparison, see how Mercedes-Benz and Porsche Automobil SE each position within their functional peer groups in AssetNext.

Peer-Relative Score
MBG.DE
Mercedes-Benz Group AG
59
Peer-Score
Signal qualityMedium
vs
PAH3.DE
Porsche Automobil Holding SE
53
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in profitability.

Dimension spread: MBG.DE vs PAH3.DE Profitability 53 11 Stability 77 63 Valuation 79 88 Growth 18 MBG.DE PAH3.DE
Gap Ranking
#1 Profitability +42
#2 Stability +14
#3 Valuation +9
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MBG.DE and PAH3.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MBG.DEPAH3.DE Relative valuation Structural strength

The setup splits cleanly: structure favours Mercedes-Benz Group AG, while the price setup favours Porsche Automobil Holding SE.

Valuation position uses peer-relative PE percentile (idx_pct_pe) and Forward P/E where available.

Relative Position vs Comparable Companies
Profitability
On profitability, Mercedes-Benz Group AG is positioned higher in the group, while Porsche Automobil Holding SE is closer to the middle.
Stability
Both look solid on stability, though Mercedes-Benz Group AG still holds the stronger peer position.
Profitability — Dominant Gap
MBG.DE
53
PAH3.DE
11
Gap+42in favour of MBG.DE

The profitability lead is mainly driven by a 10.8-point operating margin advantage.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Porsche Automobil SE, with a forward P/E that is 4 turns lower there.

What this means for the comparison

Profitability is the clearest driver, and stability also supports Mercedes-Benz Group AG's broader structural position.

Explore full peer positioning in AssetNext

Break down the MBG.DE vs PAH3.DE comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-driven comparisons

Explore how MBG.DE and PAH3.DE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.