Sofina updates its portfolio valuation, shares tracked against European peers

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-25, 17:09.

Sofina (BE0003717312) released an updated estimate of its net asset value for investors in its long-term portfolio of growth companies. The Brussels-based investment holding belongs to the listed private equity universe, alongside peers such as Prosus and Investor AB, and its shares trade on Euronext Brussels.

Fresh NAV and portfolio signals

According to its latest investor information, Sofina reported a net asset value per share that reflects movements in private and listed holdings during the second quarter of 2026. The company’s portfolio remains diversified across consumer, healthcare and technology, with sizable positions in European growth names.

Sofina also highlights its net cash position and available credit facilities, indicating continued investment capacity in new deals and follow-on financings. The holding emphasizes a long-term investment horizon, with average holding periods measured in years rather than quarters.

How analysts and peers frame Sofina

Analyst coverage of European listed private equity and investment holdings has focused on discounts to net asset value, with several houses noting that many vehicles trade at double-digit discounts compared with reported NAV. In that context, investors often compare Sofina with peers such as Wendel, GBL and Investor AB when assessing relative value.

Market commentary on European private equity has pointed to robust deal activity in technology and healthcare, despite a cautious tone in consumer segments. Against that backdrop, Sofina’s portfolio mix offers exposure to structural growth areas, but also to cyclical consumer-facing businesses.

How the money is made

Sofina’s business model centers on investing minority stakes in growth companies, mainly in consumer, healthcare and technology, often alongside family shareholders and financial sponsors. The company earns returns through capital gains on exits and, in some cases, dividends from portfolio companies.

Where the stock trades today

The Sofina shares (BE0003717312) trade on Euronext Brussels; as of 2026-06-25, 16:30, they last changed hands at 185.00 euros, according to exchange data.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. All data are based on sources considered reliable but cannot be guaranteed.