Thales SA
F:CSF
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (11.5), the stock would be worth €191.28 (30% downside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 16.3 | €271.4 |
0%
|
| 3-Year Average | 11.5 | €191.28 |
-30%
|
| 5-Year Average | 10.7 | €178.35 |
-34%
|
| Industry Average | 17.3 | €288.3 |
+6%
|
| Country Average | 7.3 | €121.08 |
-55%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
€48.1B
|
/ |
Jan 2026
€3.3B
|
= |
|
|
€48.1B
|
/ |
Dec 2026
€3.9B
|
= |
|
|
€48.1B
|
/ |
Dec 2027
€4.3B
|
= |
|
|
€48.1B
|
/ |
Dec 2028
€4.7B
|
= |
|
Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| FR |
|
Thales SA
F:CSF
|
54.4B EUR | 16.3 | 32.5 | |
| US |
|
Raytheon Technologies Corp
NYSE:RTX
|
263.4B USD | 21.3 | 39.1 | |
| US |
|
RTX Corp
LSE:0R2N
|
264.8B USD | 21.3 | 39.3 | |
| US |
|
Boeing Co
NYSE:BA
|
175.3B USD | -55.3 | 92.8 | |
| NL |
|
Airbus SE
PAR:AIR
|
141.3B EUR | 15.2 | 27.1 | |
| FR |
|
Safran SA
PAR:SAF
|
131.5B EUR | 21.8 | 18.3 | |
| UK |
|
Rolls-Royce Holdings PLC
LSE:RR
|
110.7B GBP | 20.8 | 18.9 | |
| US |
|
Lockheed Martin Corp
NYSE:LMT
|
135.6B USD | 16 | 27 | |
| US |
|
Howmet Aerospace Inc
NYSE:HWM
|
102.7B USD | 43.3 | 68.2 | |
| US |
|
Northrop Grumman Corp
NYSE:NOC
|
94.5B USD | 18.2 | 22.6 | |
| US |
|
General Dynamics Corp
NYSE:GD
|
90.9B USD | 15.3 | 21.6 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 5.3 |
| Median | 7.3 |
| 70th Percentile | 11.7 |
| Max | 1 862.3 |
Other Multiples
Thales SA
Glance View
Thales SA has long stood as a beacon of innovation and reliability in the world of aerospace, defense, and security. Originating from France, this multinational corporation has intricately woven a vast network of technological prowess, primarily driven by its deep-rooted expertise in advancing communication systems, defense electronics, and cybersecurity solutions. Its operations span across over 68 countries, employing a workforce skilled in blending traditional craftsmanship with modern technological advancements. The company’s strength lies in its ability to secure lucrative contracts from governments and large-scale enterprises, which rely on Thales' sophisticated systems for everything from air traffic management to satellite technology. By consistently pushing the boundaries of innovation, Thales positions itself not merely as a service provider but as a strategic partner dedicated to enhancing global security and safety. Revenue streams for Thales emerge from a diverse yet interconnected array of sectors. The defense segment serves as a cornerstone, generating significant income through comprehensive offerings that include cutting-edge radar systems, avionics, and military communication tools. In the civil market, Thales shines by supplying avionics and in-flight entertainment solutions to major airlines and aerospace manufacturers. Another vital pillar is the digital security segment, where Thales capitalizes on the growing need for cybersecurity and secure transactions, offering solutions that protect data and secure electronic transactions worldwide. Through mergers, acquisitions, and continuous R&D investments, Thales has fortified its position in these markets, ensuring resilient growth by adeptly navigating the intricate landscapes of technology and geopolitical demands.