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Analyst Estimates

BASF is widely covered by various German and international financial analysts, who provide their own research analyses and earnings estimates in respect of the company. On this page we provide you with the analyst estimates compiled monthly by Vara Research.

As before, BASF will neither be involved in the collection of the information nor in the compilation of the estimates; this will still be done independently by Vara Research.

The analyst estimates are exclusively based on the analyses of financial analysts who are independent from BASF. Any opinions, forecasts, estimates, projections or predictions regarding BASF’s performance (ultimately represented by the figures of the analyst estimates) given by the analysts only reflect their view and do not represent the opinions, forecasts, estimates, projections or predictions of BASF or its management.

BASF SE only renders the analyst estimates (average, high and low) compiled by Vara Research on this website. This does not imply that the company endorses, concurs with or adopts such information, conclusions or recommendations. BASF assumes no liability for the accuracy of such estimates and undertakes no obligation to update or revise such estimates, even if they differ from our own forecasts or expectations.

Chart with the current recommendations: Buy 45% / Hold 35% / Sell 20%

BASF Share

€ Average High Low
Target share price 53.45 64.00 40.00

BASF Group Estimates

Including only analyst estimates that reflect Coatings as discontinued operations

Analyst Estimates - Q3 2026

Million € Average High Low
Sales 15,685 16,062 15,353
EBITDA before special items 1,470 1,553 1,251
EBITDA 1,391 1,477 1,251
EBIT before special items 482 581 287
EBIT 399 468 287
Income before income taxes 281 402 134
Net income 169 271 88
Earnings per Share (reported) (€) 0.20 0.31 0.10
Earnings per Share (adjusted) (€) 0.37 0.46 0.25

Analyst Estimates - Q4 2026

Million € Average High Low
Sales 15,077 16,338 13,820
EBITDA before special items 1,288 1,531 1,114
EBITDA 1,326 1,431 1,271
EBIT before special items 253 471 59
EBIT 316 363 249
Income before income taxes 313 650 155
Net income 42 188 -191
Earnings per Share (reported) (€) 0.17 0.22 0.12
Earnings per Share (adjusted) (€) 0.18 0.45 -0.22

Analyst Estimates - FY 2026

Million € Average High Low
Sales 63,673 65,363 62,477
EBITDA before special items 7,611 8,049 6,945
EBITDA 6,857 7,144 6,573
EBIT before special items 3,686 4,174 3,218
EBIT 2,898 3,193 2,648
Income before income taxes 2,424 2,833 2,052
Net income 5,279 5,530 4,990
Earnings per Share (reported) (€) 6.05 6.38 5.71
Earnings per Share (adjusted) (€) 3.12 3.45 2.63
Dividend per Share (€) 2,28 2,40 2.25
Free cashflow 2,124 3,339 1,470

Analyst Estimates - FY 2027

Million € Average High Low
Sales 64,495 68,300 61,348
EBITDA before special items 7,753 8,783 6,681
EBITDA 7,550 8,733 6,456
EBIT before special items 3,737 4,902 2,750
EBIT 3,648 4,902 2,525
Income before income taxes 3,333 4,305 2,023
Net income 2,334 3,307 1,480
Earnings per Share (reported) (€) 2.73 4.00 1.76
Earnings per Share (adjusted) (€) 3.11 3.94 2.32
Dividend per Share (€) 2.34 2.58 2.25
Free cashflow 3,148 5,111 1,910

Analyst Estimates - FY 2028

Million € Average High Low
Sales 66,485 71,524 63,016
EBITDA before special items 8,407 9,606 7,328
EBITDA 8,244 9,556 7,128
EBIT before special items 4,288 5,036 3,359
EBIT 4,204 4,986 3,047
Income before income taxes 3,903 4,857 2,609
Net income 2,799 3,523 1,856
Earnings per Share (reported) (€) 3.31 4.09 2.28
Earnings per Share (adjusted) (€) 3.69 4.64 2.82
Dividend per Share (€) 2.38 2.75 2.25
Free cashflow 3,281 4,702 1,999

Segment Estimates

Including only analyst estimates that reflect Coatings as discontinued operations

Segments - Analyst Estimates - Q3 2026

Million € Average High Low
Chemicals
Sales 3,274 3,966 2,992
EBITDA before special items 360 400 317
Materials
Sales 3,573 3,831 3,373
EBITDA before special items 502 576 337
Industrial Solutions
Sales 2,261 2,312 2,198
EBITDA before special items 323 346 286
Nutrition & Care
Sales 1,710 1,803 1,570
EBITDA before special items 175 216 127
Surface Technologies
Sales 2,277 2,587 1,957
EBITDA before special items 139 196 110
Agricultural Solutions
Sales 1,750 1,848 1,591
EBITDA before special items 89 203 29
Other
Sales 855 910 803
EBITDA before special items -121 -64 -200

Segments - Analyst Estimates - Q4 2026

Million € Average High Low
Chemicals
Sales 2,839 4,052 2,436
EBITDA before special items 205 339 91
Materials
Sales 3,143 3,186 3,094
EBITDA before special items 325 379 258
Industrial Solutions
Sales 2,105 2,169 2,036
EBITDA before special items 254 292 209
Nutrition & Care
Sales 1,563 1,694 1,392
EBITDA before special items 126 184 101
Surface Technologies
Sales 2,118 2,396 1,607
EBITDA before special items 135 204 108
Agricultural Solutions
Sales 2,480 2,590 2,395
EBITDA before special items 385 440 368
Other
Sales 713 860 496
EBITDA before special items -131 -90 -200

Segments - Analyst Estimates - FY 2026

Million € Average High Low
Chemicals
Sales 12,226 14,275 11,764
EBITDA before special items 1,195 1,410 1,056
Materials
Sales 13,765 14,003 13,561
EBITDA before special items 2,110 2,246 1,837
Industrial Solutions
Sales 8,813 9,088 8,654
EBITDA before special items 1,359 1,454 1,226
Nutrition & Care
Sales 6,669 6,932 6,340
EBITDA before special items 706 797 649
Surface Technologies
Sales 9,471 10,021 8,738
EBITDA before special items 675 735 612
Agricultural Solutions
Sales 9,550 9,752 9,299
EBITDA before special items 2,013 2,194 1,948
Other
Sales 3,379 3,519 3,096
EBITDA before special items -507 -414 -689

Segments - Analyst Estimates - FY 2027

Million € Average High Low
Chemicals
Sales 12,196 13,525 10,877
EBITDA before special items 1,395 1,771 1,130
Materials
Sales 13,704 15,137 12,089
EBITDA before special items 1,963 2,448 1,588
Industrial Solutions
Sales 8,885 9,725 8,007
EBITDA before special items 1,353 1,507 1,233
Nutrition & Care
Sales 6,812 7,018 6,435
EBITDA before special items 773 897 681
Surface Technologies
Sales 9,665 10,279 8,563
EBITDA before special items 718 868 588
Agricultural Solutions
Sales 9,865 10,427 9,489
EBITDA before special items 2,115 2,262 1,929
Other
Sales 3,393 3,602 2,994
EBITDA before special items -568 -440 -679

Segments - Analyst Estimates - FY 2028

Disclaimer: This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.

BASF Analyst Estimates1

September 8, 2026
1 Including only analyst estimates that reflect Coatings as discontinued operations
XLS (73.50 KB)
Last UpdateSeptember 8, 2026