MODEL VERDICT
Hesai Group (HSAI)
Relative Valuation•Peer multiples, competitive benchmarking & quality-adjusted fair value
Hesai Group is currently trading at a 199.81% discount to its peer-implied fair value.
19 industry peers matched by industry sector due to narrow curated coverage
| Ticker | Company | Market Cap | P/E | EV/EBITDA |
|---|---|---|---|---|
| ORLY | O'Reilly Automotive, Inc. | $72.66B | 29.24x | 20.38x |
| AZO | AutoZone, Inc. | $50.16B | 21.15x | 14.72x |
| MGA | Magna International Inc. | $18.22B | 21.86x | 6.5x |
| MOD | Modine Manufacturing Company | $15.71B | 132.75x | 37.74x |
| BWA | BorgWarner Inc. | $14.8B | 56.12x | 8.16x |
| APTV | Aptiv PLC | $13.48B | 84.91x | 9.07x |
| ALSN | Allison Transmission Holdings, Inc. | $9.9B | 16.25x | 10.33x |
| ALV | Autoliv, Inc. | $8.83B | 12.37x | 7.13x |
| LEA | Lear Corporation | $7.08B | 17.15x | 6.24x |
| MBLY | Mobileye Global Inc. | $6.89B | -17.62x | 65.63x |
| LKQ | LKQ Corporation | $6.58B | 10.98x | 7.59x |
| GTX | Garrett Motion Inc. | $6.46B | 22.58x | 13.16x |
3 valuation metrics · peer-median based
| Multiple | Current | Peer Median | vs Peers | Implied Price |
|---|---|---|---|---|
| Forward P/EPrice paid for next year's expected earnings. | 4.69x | 13.28x | Discount -64.67% | $47.81 |
| P/EPrice paid for current earnings. | 39.79x | 21.5x | Premium +85.04% | $57.59 |
| EV/EBITDAEnterprise value versus operating cash earnings proxy. | 57.24x | 9.07x | Premium +531.39% | $40.85 |
How the model derives the final fair value from peer baselines and quality metrics
Opportunity: The stock is trading at a 66.65% discount to its quality-adjusted fair value of $50.64. To reach its estimated fair value, the stock would need to appreciate by 199.81% from its current price of $16.89.
Quality metrics are broadly comparable to peers.
Quality adjustments are capped at ±15% (up to ±20% for financial services) to prevent runaway premiums. Based on trailing twelve months and multi-year CAGR data where available.
How current multiples rank vs 1 years of the stock’s own history
| Multiple | Current | Historical Median | Percentile | Status |
|---|---|---|---|---|
| P/E1 years of data | 39.79x | 7.8x | 100th | Above historical norm |
| EV/EBITDA1 years of data | 57.24x | 10.41x | 100th | Above historical norm |
Hesai Group currently trades near the highest valuation levels observed during the last 1 years.
Wall Street target prices — 3 analysts
Model-identified caveats to consider
HSAI looks cheap versus peers using L2 rescue peers after thin AI peer data, with relative upside of 199.8%.
Answers to common questions about HSAI's relative valuation and our methodology.
Hesai Group's fair value of $50.64 is the price at which the stock would trade if valued at the same multiples as its 19-company peer group, adjusted for differences in business quality. At $16.89, the stock trades at a +199.82% discount to fair value. This is a reference point, not a price target.
Peers were grouped by industry classification and market capitalization. The 19 companies shown are the closest comparable names with clean, usable financial data.
Hesai Group has strengths in 3y revenue growth, net debt / ebitda, and challenges in roic, and a quality score that justifies a 4% premium relative to its peer group. The Quality Adjustment section breaks down each driver.
No. This page provides an automated quantitative comparison of Hesai Group against its peers. It is not investment advice, a recommendation, or a solicitation. Valuation is only one factor in an investment decision — it does not account for growth catalysts, management quality, regulatory risk, or your personal financial situation.
A 199.82% discount is substantial. Large discounts may signal that the market is overlooking value, but they can also reflect genuine business challenges or structural headwinds. Review the Risk Factors and Historical Context sections to assess whether the gap is justified.
Valuation data is refreshed weekly based on the latest financial filings, market prices, and analyst estimates. Hesai Group's fair value, peer multiples, and quality scores will shift over time as new earnings are reported and stock prices change.
Disclaimer: This page is for informational purposes only and does not constitute financial advice. Fair value estimates are model outputs under stated assumptions and should not be relied upon as the sole basis for any investment decision.