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EV/EBIT

-13.3
Current
207%
Cheaper
vs 3-y average of 12.4

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
-13.3
=
Enterprise Value
$4.3B
/
EBIT
€-360.3m

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
-13.3
=
Enterprise Value
$4.3B
/
EBIT
€-360.3m

Valuation Scenarios

Puma SE is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (12.4), the stock would be worth $-28.68 (194% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-217%
Maximum Upside
No Upside Scenarios
Average Downside
199%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple -13.3 $30.63
0%
3-Year Average 12.4 $-28.68
-194%
5-Year Average 13.8 $-31.93
-204%
Industry Average 10.5 $-24.31
-179%
Country Average 15.5 $-35.9
-217%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
$4.3B
/
Jan 2026
€-360.3m
=
-13.3
Current
$4.3B
/
Dec 2026
€-79.4m
=
-54.2
Forward
$4.3B
/
Dec 2027
€233.9m
=
18.4
Forward
$4.3B
/
Dec 2028
€373.3m
=
11.5
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
DE
Puma SE
OTC:PMMAF
3.8B USD -13.3 -5.8
US
Nike Inc
NYSE:NKE
67.6B USD 23.2 29.4
JP
Asics Corp
TSE:7936
3.2T JPY 21.9 32.1
US
Deckers Outdoor Corp
NYSE:DECK
15.3B USD 10.3 14.7
CH
On Holding AG
NYSE:ONON
12.1B USD 23.3 46.3
US
Skechers USA Inc
NYSE:SKX
9.5B USD 9.9 14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
7.5B USD 13.3 16.8
CN
Huali Industrial Group Co Ltd
SZSE:300979
49.7B CNY 11.1 15.5
US
Crocs Inc
NASDAQ:CROX
5.3B USD 6.9 -64
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
24.3B HKD 6.2 8.3
US
Steven Madden Ltd
NASDAQ:SHOO
2.9B USD 26.4 63.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
Puma SE
OTC:PMMAF
Average EV/EBIT: 15.2
Negative Multiple: -13.3
N/A N/A
US
Nike Inc
NYSE:NKE
23.2
10%
2.3
JP
Asics Corp
TSE:7936
21.9
N/A N/A
US
Deckers Outdoor Corp
NYSE:DECK
10.3
6%
1.7
CH
On Holding AG
NYSE:ONON
23.3
28%
0.8
US
Skechers USA Inc
NYSE:SKX
9.9
-1%
N/A
UK
Birkenstock Holding PLC
NYSE:BIRK
13.3
13%
1
CN
Huali Industrial Group Co Ltd
SZSE:300979
11.1
N/A N/A
US
Crocs Inc
NASDAQ:CROX
6.9
0%
N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
6.2
7%
0.9
US
Steven Madden Ltd
NASDAQ:SHOO
26.4
44%
0.6
P/E Multiple
Earnings Growth PEG
DE
Puma SE
OTC:PMMAF
Average P/E: 26.7
Negative Multiple: -5.8
N/A N/A
US
Nike Inc
NYSE:NKE
29.4
3%
9.8
JP
Asics Corp
TSE:7936
32.1
17%
1.9
US
Deckers Outdoor Corp
NYSE:DECK
14.7
7%
2.1
CH
On Holding AG
NYSE:ONON
46.3
49%
0.9
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
16.8
16%
1.1
CN
Huali Industrial Group Co Ltd
SZSE:300979
15.5
N/A N/A
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -64 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
8.3
3%
2.8
US
Steven Madden Ltd
NASDAQ:SHOO
63.1
81%
0.8

Market Distribution

Lower than 100% of companies in Germany
Percentile
0th
Based on 2 187 companies
0th percentile
-16.2
Low
0.1 — 10.6
Typical Range
10.6 — 23.1
High
23.1 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 10.6
Median 15.5
70th Percentile 23.1
Max 672.9

Puma SE
Glance View

Puma SE, a formidable presence in the global athletic and lifestyle market, traces its roots back to Herzogenaurach, Germany, in the post-war era of 1948. Born from a sibling rivalry within a family shoemaking business, Puma rapidly evolved into a brand synonymous with athletic innovation and style. The company strategically navigates the competitive sportswear landscape by blending high-performance technology with fashion-forward designs, effectively capitalizing on both the utility sought by athletes and the stylistic aspirations of trendsetters. Puma’s product line, which encompasses sports footwear, apparel, and accessories, serves as the backbone of its business model. Through strategic partnerships, sponsorships, and a focus on emerging markets, Puma broadens its reach and strengthens its brand equity. Driving its revenue engine is the company’s adeptness at leveraging diverse market dissemination strategies, from penetrating elite sports events to collaborations with iconic figures in music and fashion. Puma’s ability to maintain this equilibrium of tradition and innovation is evident in its product evolution—meeting the demands of its audience while integrating sustainability practices. Manufacturing is handled globally, balancing cost-effectiveness with quality assurances. This worldwide production network, coupled with an expansive distribution system through retail stores and e-commerce platforms, ensures Puma remains agile and responsive to market demands. In essence, Puma SE's narrative is not just one of athletic success, but of a brand that successfully marries heritage with modernity to generate substantial profitability.

PMMAF Intrinsic Value
38.62 USD
Undervaluation 21%
Intrinsic Value
Price $30.63
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