Zehnder Group AG
SIX:ZEHN

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Zehnder Group AG Logo
Zehnder Group AG
SIX:ZEHN
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Price: 67.9 CHF 0.3%
Market Cap: CHf629.4m

EV/EBITDA

7.7
Current
16%
More Expensive
vs 3-y average of 6.6

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
7.7
=
Enterprise Value
CHf697.4m
/
EBITDA
€86.2m

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
7.7
=
Enterprise Value
CHf697.4m
/
EBITDA
€86.2m

Valuation Scenarios

Zehnder Group AG is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (6.6), the stock would be worth CHf58.7 (14% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-22%
Maximum Upside
+65%
Average Upside
3%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 7.7 CHf67.9
0%
3-Year Average 6.6 CHf58.7
-14%
5-Year Average 6.4 CHf56.95
-16%
Industry Average 6 CHf52.74
-22%
Country Average 12.7 CHf112.32
+65%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
CHf697.4m
/
Jan 2026
€86.2m
=
7.7
Current
CHf697.4m
/
Dec 2026
€101.9m
=
6.8
Forward
CHf697.4m
/
Dec 2027
€114.4m
=
6.1
Forward
CHf697.4m
/
Dec 2028
€127m
=
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
CH
Zehnder Group AG
SIX:ZEHN
627.6m CHF 7.7 15.1
US
Fortune Brands Home & Security Inc
LSE:0IRN
571.3B USD 659.5 1 912
IE
Trane Technologies PLC
NYSE:TT
107.5B USD 25.3 36.8
IE
Johnson Controls International PLC
NYSE:JCI
86.7B USD 24.3 25.5
US
Carrier Global Corp
NYSE:CARR
51.4B USD 17.8 34.7
SE
Assa Abloy AB
STO:ASSA B
411B SEK 15.4 27.7
FR
Compagnie de Saint Gobain SA
PAR:SGO
38.4B EUR 6 13.2
JP
Daikin Industries Ltd
TSE:6367
6.3T JPY 9.4 23.1
CH
Geberit AG
SIX:GEBN
17.7B CHF 19.1 29.3
US
Lennox International Inc
NYSE:LII
17.2B USD 15.8 21.3
IE
Kingspan Group PLC
ISEQ:KRX
14.2B EUR 12.9 21

Market Distribution

Lower than 78% of companies in Switzerland
Percentile
22st
Based on 1 007 companies
22st percentile
7.7
Low
0 — 9.2
Typical Range
9.2 — 20.5
High
20.5 —
Distribution Statistics
Switzerland
Min 0
30th Percentile 9.2
Median 12.7
70th Percentile 20.5
Max 1 129.6

Zehnder Group AG
Glance View

Market Cap
629.4m CHF
Industry
Building

Zehnder Group AG is a holding company, which engages in the development, production and sale of radiators and ventilation systems. The company is headquartered in Graenichen, Aargau and currently employs 3,634 full-time employees. The company went IPO on 2011-08-10. The Company’s activities are structured into four segments: Heating, which offers a range of heating solutions, ranging from designer radiators and radiant ceiling panels to heat pumps; Cooling, which offers solutions for indoor cooling, ranging from cooling ceiling systems to indoor ventilation; Fresh Air, which provides ventilation systems for indoor climate, they are suitable for all residential and commercial properties, new builds and renovation projects, and Clean Air, which provides clean air in buildings. The Company’s products and systems are marketed under two international brands and several national brands, including zehnder, runtal and ACOVA, among others.

ZEHN Intrinsic Value
61.9 CHF
Overvaluation 9%
Intrinsic Value
Price CHf67.9
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