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Dr Martens PLC
LSE:DOCS

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Dr Martens PLC
LSE:DOCS
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Price: 68.5 GBX -1.15% Market Closed
Market Cap: £662.6m

EV/S

1.2
Current
9%
Cheaper
vs 3-y average of 1.3

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.2
=
Enterprise Value
GBX921m
/
Revenue
£785m

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.2
=
Enterprise Value
GBX921m
/
Revenue
£785m

Valuation Scenarios

Dr Martens PLC is trading below its 3-year average

If EV/S returns to its 3-Year Average (1.3), the stock would be worth GBX75.5 (10% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-100%
Maximum Upside
+38%
Average Downside
38%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.2 GBX68.5
0%
3-Year Average 1.3 GBX75.5
+10%
5-Year Average 1.6 GBX94.32
+38%
Industry Average 0 GBX0.23
-100%
Country Average 0 GBX0.25
-100%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
GBX921m
/
Sep 2025
£785m
=
1.2
Current
GBX921m
/
Mar 2026
£784m
=
1.2
Forward
GBX921m
/
Mar 2027
£829.4m
=
1.1
Forward
GBX921m
/
Mar 2028
£871.7m
=
1.1
Forward
GBX921m
/
Mar 2029
£917.4m
=
1
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
UK
Dr Martens PLC
LSE:DOCS
669.7m GBP 1.2 43
US
Nike Inc
NYSE:NKE
68.7B USD 1.4 30.2
JP
Asics Corp
TSE:7936
3.2T JPY 3.9 32.8
US
Deckers Outdoor Corp
NYSE:DECK
15.7B USD 2.5 14.8
CH
On Holding AG
NYSE:ONON
12.2B USD 3 47
US
Skechers USA Inc
NYSE:SKX
9.5B USD 0.9 14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
7.7B USD 3.5 17
CN
Huali Industrial Group Co Ltd
SZSE:300979
50.4B CNY 1.8 15.5
US
Crocs Inc
NASDAQ:CROX
5.4B USD 1.5 -65.2
DE
Puma SE
XETRA:PUM
3.8B EUR 0.7 -5.9
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
27.1B HKD 0.4 9.3
P/E Multiple
Earnings Growth PEG
UK
Dr Martens PLC
LSE:DOCS
Average P/E: 24.9
43
144%
0.3
US
Nike Inc
NYSE:NKE
30.2
3%
10.1
JP
Asics Corp
TSE:7936
32.8
17%
1.9
US
Deckers Outdoor Corp
NYSE:DECK
14.8
7%
2.1
CH
On Holding AG
NYSE:ONON
47
49%
1
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
17
16%
1.1
CN
Huali Industrial Group Co Ltd
SZSE:300979
15.5
N/A N/A
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -65.2 N/A N/A
DE
Puma SE
XETRA:PUM
Negative Multiple: -5.9 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
9.3
3%
3.1

Market Distribution

Higher than 91% of companies in United Kingdom
Percentile
91st
Based on 1 990 companies
91st percentile
1.2
Low
0 — 0
Typical Range
0 — 0
High
0 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0
Max 3 279.7

Dr Martens PLC
Glance View

Dr. Martens Plc engages in the manufacture and sale of footwear products. The firm operates through three reporting segments: Europe, the Middle East and Africa (EMEA), Americas and Americas and Asia-Pacific (APAC). Its product categories include Originals, Fusion, Kids, Casual and Accessories. The Originals category comprises boots, shoes and loafers and also included within the Originals category is the Made in England range. The Fusion category comprises platform boots and shoes, sandals, heels and refined take downs of the Originals. Within the Kids category is the mini-me range, which includes Originals, Fusion and Casual collections. The company offers various accessories, such as shoe care, laces and socks, leather bags and small leather items. The company operates in over 60 countries globally, through a range of modes: directly operated stores and ecommerce sites, wholesale partners and distributors.

DOCS Intrinsic Value
94.53 GBX
Undervaluation 28%
Intrinsic Value
Price GBX68.5
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