Carl Zeiss Meditec AG
XETRA:AFX

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Carl Zeiss Meditec AG Logo
Carl Zeiss Meditec AG
XETRA:AFX
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Price: 25.54 EUR -0.78%
Market Cap: €2.3B

P/B

1
Current
63%
Cheaper
vs 3-y average of 2.8

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1
=
Market Cap
€2.3B
/
Total Equity
€2.1B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1
=
Market Cap
€2.3B
/
Total Equity
€2.1B

Valuation Scenarios

Carl Zeiss Meditec AG is trading below its 3-year average

If P/B returns to its 3-Year Average (2.8), the stock would be worth €69.2 (171% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+352%
Average Upside
160%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1 €25.54
0%
3-Year Average 2.8 €69.2
+171%
5-Year Average 4.7 €115.49
+352%
Industry Average 1.6 €39.83
+56%
Country Average 1.7 €41.1
+61%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
DE
Carl Zeiss Meditec AG
XETRA:AFX
2.3B EUR 1 18.4
US
Intuitive Surgical Inc
NASDAQ:ISRG
165.7B USD 9.3 58
US
Abbott Laboratories
NYSE:ABT
163B USD 3.1 26
US
Stryker Corp
NYSE:SYK
122.9B USD 5.5 37.9
IE
Medtronic PLC
NYSE:MDT
105.1B USD 2.1 22.8
US
Boston Scientific Corp
NYSE:BSX
86.7B USD 3.6 24.3
US
Edwards Lifesciences Corp
NYSE:EW
47.8B USD 4.6 43.6
DE
Siemens Healthineers AG
XETRA:SHL
39.8B EUR 2.1 18.3
US
IDEXX Laboratories Inc
NASDAQ:IDXX
45.3B USD 28.2 42.8
US
Becton Dickinson and Co
NYSE:BDX
42.6B USD 1.7 24.2
US
Resmed Inc
NYSE:RMD
31.6B USD 5 21.3

Market Distribution

Lower than 70% of companies in Germany
Percentile
30th
Based on 2 701 companies
30th percentile
1
Low
0 — 1.1
Typical Range
1.1 — 2.8
High
2.8 —
Distribution Statistics
Germany
Min 0
30th Percentile 1.1
Median 1.7
70th Percentile 2.8
Max 125.7

Carl Zeiss Meditec AG
Glance View

Carl Zeiss Meditec AG stands as a beacon in the realm of medical technology, carving a niche through its innovative solutions in ophthalmology and microsurgery. Rooted in the prestigious legacy of the Zeiss Group, this company seamlessly fuses cutting-edge technology with practical medical applications. Its headquarters in Jena, Germany, serve as the crucible for pioneering research and development endeavors, channeling expertise into products that enhance both diagnostic and surgical capabilities. The heart of its operations revolves around creating technological marvels such as optical coherence tomography (OCT) instruments and surgical microscopes, which bring precision and enhanced clarity to the medical field. Through a well-executed blend of R&D and strategic acquisitions, Carl Zeiss Meditec consistently remains at the forefront of medical innovation, ensuring it meets the ever-evolving needs of the healthcare sector. Financially, the company thrives by selling its sophisticated medical devices directly to healthcare professionals, hospitals, and clinics worldwide. Rather than merely creating instruments, Carl Zeiss Meditec's business model is deeply entwined with providing comprehensive workflow solutions and service support, ensuring that medical practitioners extract maximum utility from their investments. By offering not just products but also extensive after-sales service and maintenance, the company builds sustained relationships with its clients, fostering a cycle of trust and repeat business. In addition, its engagement in training and support services enhances user competencies, ensuring the seamless integration of its technology into everyday medical practice and underscoring its commitment to elevating healthcare standards globally. Through this multifaceted approach, Carl Zeiss Meditec solidifies its position as an indispensable ally in the medical community, both as a supplier of state-of-the-art equipment and as a provider of essential healthcare solutions.

AFX Intrinsic Value
56.57 EUR
Undervaluation 55%
Intrinsic Value
Price €25.54
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