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Puma SE
OTC:PMMAF

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Puma SE
OTC:PMMAF
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Price: 30.63 USD -0.52% Market Closed
Market Cap: $4.6B

EV/EBITDA

42.5
Current
280%
More Expensive
vs 3-y average of 11.2

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
42.5
=
Enterprise Value
$4.3B
/
EBITDA
€114.8m

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
42.5
=
Enterprise Value
$4.3B
/
EBITDA
€114.8m

Valuation Scenarios

Puma SE is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (11.2), the stock would be worth $8.06 (74% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-79%
Maximum Upside
No Upside Scenarios
Average Downside
75%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 42.5 $30.63
0%
3-Year Average 11.2 $8.06
-74%
5-Year Average 12.7 $9.18
-70%
Industry Average 9.9 $7.17
-77%
Country Average 9 $6.5
-79%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$4.3B
/
Jan 2026
€114.8m
=
42.5
Current
$4.3B
/
Dec 2026
€300.2m
=
14.3
Forward
$4.3B
/
Dec 2027
€607.3m
=
7.1
Forward
$4.3B
/
Dec 2028
€781.3m
=
5.5
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
DE
Puma SE
OTC:PMMAF
3.8B USD 42.5 -5.9
US
Nike Inc
NYSE:NKE
67.6B USD 18.7 30
JP
Asics Corp
TSE:7936
3.2T JPY 18.9 32.8
US
Deckers Outdoor Corp
NYSE:DECK
15.3B USD 9.8 14.8
CH
On Holding AG
NYSE:ONON
12.1B USD 17.9 47.4
US
Skechers USA Inc
NYSE:SKX
9.5B USD 7.8 14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
7.5B USD 11 16.9
CN
Huali Industrial Group Co Ltd
SZSE:300979
50.4B CNY 11.1 15.5
US
Crocs Inc
NASDAQ:CROX
5.3B USD 6.4 -65.1
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
27.1B HKD 6.2 8.3
US
Steven Madden Ltd
NASDAQ:SHOO
2.9B USD 20.6 63.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
Puma SE
OTC:PMMAF
Average EV/EBITDA: 15.5
42.5
90%
0.5
US
Nike Inc
NYSE:NKE
18.7
3%
6.2
JP
Asics Corp
TSE:7936
18.9
15%
1.3
US
Deckers Outdoor Corp
NYSE:DECK
9.8
6%
1.6
CH
On Holding AG
NYSE:ONON
17.9
28%
0.6
US
Skechers USA Inc
NYSE:SKX
7.8
2%
3.9
UK
Birkenstock Holding PLC
NYSE:BIRK
11
13%
0.8
CN
Huali Industrial Group Co Ltd
SZSE:300979
11.1
N/A N/A
US
Crocs Inc
NASDAQ:CROX
6.4
0%
N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
6.2
27%
0.2
US
Steven Madden Ltd
NASDAQ:SHOO
20.6
35%
0.6
P/E Multiple
Earnings Growth PEG
DE
Puma SE
OTC:PMMAF
Average P/E: 27.1
Negative Multiple: -5.9
N/A N/A
US
Nike Inc
NYSE:NKE
30
3%
10
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
47.4
49%
1
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
16.9
16%
1.1
CN
Huali Industrial Group Co Ltd
SZSE:300979
15.5
N/A N/A
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -65.1 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
8.3
3%
2.8
US
Steven Madden Ltd
NASDAQ:SHOO
63.9
81%
0.8

Market Distribution

Higher than 95% of companies in Germany
Percentile
95th
Based on 2 491 companies
95th percentile
50.8
Low
0.1 — 6.2
Typical Range
6.2 — 13.6
High
13.6 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 6.2
Median 9
70th Percentile 13.6
Max 6 112.6

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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