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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 52% / Hold 29% / Sell 19%

BASF Share

€ Average High Low
Target share price 53.17 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 15,635 16,062 15,353
EBITDA before special items 1,511 1,628 1,436
EBITDA 1,449 1,483 1,417
EBIT before special items 530 733 419
EBIT 464 549 402
Income before income taxes 367 478 258
Net income 202 271 100
Earnings per Share (reported) (€) 0.27 0.31 0.19
Earnings per Share (adjusted) (€) 0.38 0.46 0.25

Analyst Estimates - Q4 2026

Million € Average High Low
Sales 14,856 16,009 13,820
EBITDA before special items 1,314 1,531 1,114
EBITDA 1,325 1,431 1,271
EBIT before special items 273 489 59
EBIT 287 363 201
Income before income taxes 403 650 155
Net income 30 188 -189
Earnings per Share (reported) (€) 0.15 0.22 0.08
Earnings per Share (adjusted) (€) 0.16 0.45 -0.22

Analyst Estimates - FY 2026

Million € Average High Low
Sales 63,502 64,795 62,338
EBITDA before special items 7,615 8,049 6,945
EBITDA 6,886 7,144 6,573
EBIT before special items 3,692 4,174 3,218
EBIT 2,914 3,193 2,648
Income before income taxes 2,512 2,873 2,052
Net income 5,297 5,530 4,982
Earnings per Share (reported) (€) 6.08 6.38 5.70
Earnings per Share (adjusted) (€) 3.09 3.45 2.63
Dividend per Share (€) 2,29 2,40 2,25
Free cashflow 2,083 3,339 1,197

Analyst Estimates - FY 2027

Million € Average High Low
Sales 64,279 68,300 61,348
EBITDA before special items 7,742 8,783 6,681
EBITDA 7,556 8,733 6,456
EBIT before special items 3,731 4,902 2,750
EBIT 3,622 4,902 2,525
Income before income taxes 3,253 4,305 2,023
Net income 2,286 3,307 1,480
Earnings per Share (reported) (€) 2.68 4.00 1.76
Earnings per Share (adjusted) (€) 3.10 3.94 2.32
Dividend per Share (€) 2.34 2.60 2.25
Free cashflow 3,077 5,111 1,910

Analyst Estimates - FY 2028

Million € Average High Low
Sales 65,998 71,524 63,016
EBITDA before special items 8,403 9,606 7,328
EBITDA 8,275 9,556 7,128
EBIT before special items 4,286 5,036 3,359
EBIT 4,203 4,986 3,047
Income before income taxes 3,875 4,857 2,609
Net income 2,772 3,523 1,856
Earnings per Share (reported) (€) 3.28 4.09 2.28
Earnings per Share (adjusted) (€) 3.69 4.64 2.82
Dividend per Share (€) 2.39 2.75 2.25
Free cashflow 3,221 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 3,144 3,310 2,992
EBITDA before special items 360 400 317
Materials
Sales 3,581 3,831 3,431
EBITDA before special items 528 576 504
Industrial Solutions
Sales 2,277 2,333 2,198
EBITDA before special items 339 418 312
Nutrition & Care
Sales 1,710 1,803 1,570
EBITDA before special items 179 218 127
Surface Technologies
Sales 2,309 2,587 2,099
EBITDA before special items 128 186 110
Agricultural Solutions
Sales 1,762 1,848 1,591
EBITDA before special items 96 203 29
Other
Sales 861 911 803
EBITDA before special items -116 -64 -184

Segments - Analyst Estimates - Q4 2026

Million € Average High Low
Chemicals
Sales 2,593 2,987 2,199
EBITDA before special items 220 362 91
Materials
Sales 3,124 3,186 3,008
EBITDA before special items 321 379 257
Industrial Solutions
Sales 2,131 2,308 2,036
EBITDA before special items 271 343 240
Nutrition & Care
Sales 1,578 1,694 1,392
EBITDA before special items 135 191 102
Surface Technologies
Sales 2,122 2,396 1,607
EBITDA before special items 128 204 78
Agricultural Solutions
Sales 2,498 2,590 2,395
EBITDA before special items 393 440 368
Other
Sales 666 796 493
EBITDA before special items -139 -90 -200

Segments - Analyst Estimates - FY 2026

Million € Average High Low
Chemicals
Sales 11,952 12,433 11,524
EBITDA before special items 1,236 1,619 1,056
Materials
Sales 13,757 14,003 13,466
EBITDA before special items 2,102 2,246 1,823
Industrial Solutions
Sales 8,844 9,088 8,654
EBITDA before special items 1,372 1,556 1,226
Nutrition & Care
Sales 6,679 6,932 6,340
EBITDA before special items 715 806 649
Surface Technologies
Sales 9,497 10,021 8,738
EBITDA before special items 668 735 581
Agricultural Solutions
Sales 9,572 9,752 9,299
EBITDA before special items 2,017 2,194 1,948
Other
Sales 3,350 3,504 3,096
EBITDA before special items -517 -414 -689

Segments - Analyst Estimates - FY 2027

Million € Average High Low
Chemicals
Sales 11,993 13,182 10,877
EBITDA before special items 1,411 1,771 1,130
Materials
Sales 13,644 15,137 12,089
EBITDA before special items 1,941 2,448 1,541
Industrial Solutions
Sales 8,911 9,725 8,007
EBITDA before special items 1,378 1,557 1,233
Nutrition & Care
Sales 6,812 7,011 6,435
EBITDA before special items 788 916 681
Surface Technologies
Sales 9,650 10,279 8,563
EBITDA before special items 697 868 558
Agricultural Solutions
Sales 9,879 10,427 9,489
EBITDA before special items 2,112 2,262 1,929
Other
Sales 3,366 3,602 2,994
EBITDA before special items -581 -478 -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

August 19, 2026
1 Including only analyst estimates that reflect Coatings as discontinued operations
XLS (74.00 KB)
Last UpdateAugust 19, 2026