Ernst Russ AG is a Hamburg-based marine shipping company that owns and charters out container vessels, with the bulk of its earnings coming from long-term charter income on its fleet rather than from spot freight. Its structural edge is a mid-sized, asset-backed fleet run with a lean cost base, which the 54.6% gross margin and 30.3% operating margin reflect. Revenue growth of 12.8% is the most visible sign that the fleet and charter book are expanding, though the company's sensitivity to container rates and charter cycles means that growth can reverse quickly. At a trailing P/E of 5.2 and a forward P/E of 11.3, the market is pricing in a meaningful earnings decline ahead, or is simply discounting a cyclical sector, which is the question worth testing before anything else. A 25.6% ROE on a 304M EUR market cap, with no index membership to force passive buying, makes this a small-cap name that a concentrated fund can research in depth without crowding.
Plain-English pros, cons, and what to watch. Pro feature.
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The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 11:04 CEST | Rating | Undervalued | first publication | €9.02 |
| 23 Oct 2026, 11:04 CEST | Fair value | €26.61 | first publication | €9.02 |
| 23 Oct 2026, 01:52 CEST | ACCE price target | €9.20 | first publication | €9.02 |
Answered from Ernst Russ AG fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| ERAG.DE Ernst Russ AG | €8.94 | €27 | 66% below | 5.1x | 25.6% | 96 | 78 |
| SHIP Seanergy Maritime Holdings Corp. Common Stock | $15.35 | $16 | 4% below | 5.7x | 21.4% | 86 | 88 |
| DSX Diana Shipping inc. common stock | $2.53 | $2 | 8% above | 5.2x | 11.5% | 68 | 76 |
| GASS StealthGas Inc. Common Stock | $8.10 | $22 | 63% below | 5.4x | 8.5% | 81 | 57 |
| ESEA Euroseas Ltd. Common Stock (Marshall Islands) | $66.27 | - | - | 3.4x | 29.2% | 96 | 68 |
| CMDB Costamare Bulkers Holdings Limited Common Stock | $19.94 | - | - | 665.7x | 0.6% | 39 | 48 |
| SMHI SEACOR Marine Holdings Inc. Common Stock | $8.34 | - | - | - | -7.0% | 26 | 39 |
Where ERAG.DE ranks against its sector peers on each metric.