Ackermans & Van Haaren NV
OTC:AVHNF

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Ackermans & Van Haaren NV
OTC:AVHNF
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Price: 275 USD Market Closed
Market Cap: $9B

EV/EBIT

15.7
Current
13%
More Expensive
vs 3-y average of 13.9

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

EV/EBIT
15.7
=
Enterprise Value
$10B
/
EBIT
€621.9m

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

EV/EBIT
15.7
=
Enterprise Value
$10B
/
EBIT
€621.9m

Valuation Scenarios

Ackermans & Van Haaren NV is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (13.9), the stock would be worth $243.71 (11% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-35%
Maximum Upside
+4%
Average Downside
14%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 15.7 $275
0%
3-Year Average 13.9 $243.71
-11%
5-Year Average 16.3 $286.22
+4%
Industry Average 10.2 $178.88
-35%
Country Average 13.8 $242.19
-12%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
$10B
/
Jan 2026
€621.9m
=
15.7
Current
$10B
/
Dec 2026
€680.3m
=
14.7
Forward
$10B
/
Dec 2027
€745.1m
=
13.4
Forward
$10B
/
Dec 2028
€749m
=
13.4
Forward

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

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
BE
Ackermans & Van Haaren NV
OTC:AVHNF
9B USD 15.7 15.2
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 11.5 19.9
US
Quanta Services Inc
NYSE:PWR
93.5B USD 63.4 91
FR
Vinci SA
PAR:DG
70.9B EUR 9.5 14.4
US
Comfort Systems USA Inc
NYSE:FIX
60.7B USD 45.5 59.4
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 23.9 33.9
IN
Larsen and Toubro Ltd
F:LTO
46.8B EUR 21.8 30.8
ES
Ferrovial SA
MAD:FER
43.3B EUR 50.4 47.9
NL
Ferrovial SE
AEX:FER
42.3B EUR 50.4 47.6
DE
Hochtief AG
XETRA:HOT
34.5B EUR 16.9 38.2
US
EMCOR Group Inc
NYSE:EME
38.7B USD 24 30.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
BE
Ackermans & Van Haaren NV
OTC:AVHNF
Average EV/EBIT: 30.3
15.7
6%
2.6
JP
Sumitomo Densetsu Co Ltd
TSE:1949
11.5
N/A N/A
US
Quanta Services Inc
NYSE:PWR
63.4
24%
2.6
FR
Vinci SA
PAR:DG
9.5
7%
1.4
US
Comfort Systems USA Inc
NYSE:FIX
45.5
22%
2.1
IN
Larsen & Toubro Ltd
NSE:LT
23.9
20%
1.2
IN
Larsen and Toubro Ltd
F:LTO
21.8
20%
1.1
ES
Ferrovial SA
MAD:FER
50.4
12%
4.2
NL
Ferrovial SE
AEX:FER
50.4
12%
4.2
DE
H
Hochtief AG
XETRA:HOT
16.9
5%
3.4
US
EMCOR Group Inc
NYSE:EME
24
11%
2.2

Market Distribution

In line with most companies in Belgium
Percentile
65th
Based on 362 companies
65th percentile
15.9
Low
1.8 — 10
Typical Range
10 — 19.8
High
19.8 —
Distribution Statistics
Belgium
Min 1.8
30th Percentile 10
Median 13.8
70th Percentile 19.8
Max 598.6

Ackermans & Van Haaren NV
Glance View

Ackermans & Van Haaren NV, often abbreviated as AvH, is a Belgian investment company with a storied history dating back to its founding in 1876 as a construction enterprise. Over the years, the firm evolved into a diversified investment holding company, deploying its capital across a variety of sectors while maintaining a central focus on creating long-term value. AvH operates by envisioning itself as a conductor of growth for the companies it invests in, participating actively in their strategic development and fostering robust partnerships. This approach has allowed it to maintain a strong presence in a range of industries, from banking and insurance to energy and sustainable infrastructure. The company primarily generates revenue through its strategic investments and stakes in leading companies. As a diversified holding entity, AvH seeks substantial influence over its portfolio companies, enabling it to drive performance improvements and capitalize on growth opportunities. Notably, its investments span financial services, including a significant stake in Delen Private Bank and Bank J.Van Breda & C°, as well as construction and real estate through DEME Group and CFE. Furthermore, its interests extend to private equity, providing growth capital to promising enterprises. AvH's diversified income streams, paired with a strategy of nurturing controlled growth, underscore its commitment to sustainable value creation, maintaining resilience against economic cycles while maximizing shareholder returns over the long haul.

AVHNF Intrinsic Value
291.21 USD
Undervaluation 6%
Intrinsic Value
Price $275
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