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Grifols SA
MAD:GRF

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Grifols SA
MAD:GRF
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Price: 9.194 EUR -1.92% Market Closed
Market Cap: €6.2B

EV/EBITDA

8.1
Current
26%
Cheaper
vs 3-y average of 11

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.

EV/EBITDA
8.1
=
Enterprise Value
€14.6B
/
EBITDA
€1.7B

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.

EV/EBITDA
8.1
=
Enterprise Value
€14.6B
/
EBITDA
€1.7B

Valuation Scenarios

Grifols SA is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (11), the stock would be worth €12.37 (35% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-9%
Maximum Upside
+81%
Average Upside
31%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.1 €9.19
0%
3-Year Average 11 €12.37
+35%
5-Year Average 14.7 €16.6
+81%
Industry Average 7.4 €8.36
-9%
Country Average 9.7 €10.96
+19%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€14.6B
/
Jan 2026
€1.7B
=
8.1
Current
€14.6B
/
Dec 2026
€1.9B
=
7.5
Forward
€14.6B
/
Dec 2027
€2.2B
=
6.8
Forward
€14.6B
/
Dec 2028
€2.3B
=
6.2
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
ES
Grifols SA
MAD:GRF
6.4B EUR 8.1 15.5
FR
Pharnext SCA
OTC:PNEXF
6T USD -194 446.1 -160 127.7
US
Abbvie Inc
NYSE:ABBV
360.1B USD 14.4 86.9
US
Amgen Inc
NASDAQ:AMGN
188.7B USD 14.1 24.2
US
Gilead Sciences Inc
NASDAQ:GILD
168.6B USD 12.2 19.4
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
111.5B USD 21.1 28.2
US
Epizyme Inc
F:EPE
94.1B EUR -581 -533.6
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
79.2B USD 12.9 17.5
NL
argenx SE
XBRU:ARGX
43.8B EUR 41.6 38.4
AU
CSL Ltd
ASX:CSL
66.3B AUD 10.9 32.1
US
Seagen Inc
F:SGT
39.3B EUR -66.6 -61.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
ES
Grifols SA
MAD:GRF
Average EV/EBITDA: 16.9
8.1
11%
0.7
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -194 446.1 N/A N/A
US
Abbvie Inc
NYSE:ABBV
14.4
12%
1.2
US
Amgen Inc
NASDAQ:AMGN
14.1
10%
1.4
US
Gilead Sciences Inc
NASDAQ:GILD
12.2
9%
1.4
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
21.1
18%
1.2
US
E
Epizyme Inc
F:EPE
Negative Multiple: -581 N/A N/A
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
12.9
17%
0.8
NL
argenx SE
XBRU:ARGX
41.6
49%
0.8
AU
CSL Ltd
ASX:CSL
10.9
7%
1.6
US
S
Seagen Inc
F:SGT
Negative Multiple: -66.6 N/A N/A
P/E Multiple
Earnings Growth PEG
ES
Grifols SA
MAD:GRF
Average P/E: 32.8
15.5
32%
0.5
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -160 127.7 N/A N/A
US
Abbvie Inc
NYSE:ABBV
86.9
97%
0.9
US
Amgen Inc
NASDAQ:AMGN
24.2
20%
1.2
US
Gilead Sciences Inc
NASDAQ:GILD
19.4
16%
1.2
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
28.2
19%
1.5
US
E
Epizyme Inc
F:EPE
Negative Multiple: -533.6 N/A N/A
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
17.5
14%
1.2
NL
argenx SE
XBRU:ARGX
38.4
30%
1.3
AU
CSL Ltd
ASX:CSL
32.1
9%
3.6
US
S
Seagen Inc
F:SGT
Negative Multiple: -61.8 N/A N/A

Market Distribution

In line with most companies in Spain
Percentile
44rd
Based on 638 companies
44rd percentile
8.1
Low
0 — 6.5
Typical Range
6.5 — 15.3
High
15.3 —
Distribution Statistics
Spain
Min 0
30th Percentile 6.5
Median 9.7
70th Percentile 15.3
Max 700.4

Grifols SA
Glance View

Grifols SA, a global healthcare giant based in Barcelona, Spain, has carved its niche in the world through its pioneering work with plasma-derived medicines. Founded in 1940, the company has grown from a small family business into one of the world leaders in the production and development of biopharmaceuticals, particularly those derived from human plasma. Grifols operates a robust network of plasma donation centers, primarily in the United States, where it sources its primary raw material. The company's meticulous process involves collecting plasma from donors, which is then transported to sophisticated manufacturing facilities. Here, this vital fluid is fractionated into various components used to create life-saving treatments. These treatments address a spectrum of conditions, including hemophilia, immune deficiencies, and neurological issues, highlighting Grifols' integral role in advancing healthcare solutions. Grifols' business model is astutely designed to capitalize on the high demand for plasma-derived therapies, ensuring a steady stream of revenue. By vertically integrating its operations—from plasma collection through to product distribution—Grifols maintains stringent quality control and operational efficiency, driving down costs and enhancing margins. The company's segmentation includes Bioscience, which focuses on plasma-derived therapies; Diagnostic, which involves manufacturing tools and reagents for clinical analysis; and Hospital, which manages pharmacy and healthcare logistics products. Furthermore, the company has ventured into bio supplies, supplying biological materials for non-therapeutic use to life-science research. With a deep commitment to innovation and strategic acquisitions, Grifols stays ahead in the competitive biopharmaceutical landscape while fostering a direct link between donor generosity and patient needs, ensuring that its growth story has a profound impact on global health.

GRF Intrinsic Value
22.673 EUR
Undervaluation 59%
Intrinsic Value
Price €9.194
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