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Bayer AG
XETRA:BAYN

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Bayer AG
XETRA:BAYN
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Price: 38.38 EUR -0.31% Market Closed
Market Cap: €37.7B

EV/EBIT

10.3
Current
26%
Cheaper
vs 3-y average of 14

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
10.3
=
Enterprise Value
€63.5B
/
EBIT
€6B

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
10.3
=
Enterprise Value
€63.5B
/
EBIT
€6B

Valuation Scenarios

Bayer AG is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (14), the stock would be worth €52.14 (36% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+78%
Average Upside
43%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 10.3 €38.38
0%
3-Year Average 14 €52.14
+36%
5-Year Average 11.3 €41.9
+9%
Industry Average 18.4 €68.33
+78%
Country Average 15.5 €57.88
+51%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€63.5B
/
Jan 2026
€6B
=
10.3
Current
€63.5B
/
Dec 2026
€6.1B
=
10.4
Forward
€63.5B
/
Dec 2027
€6.6B
=
9.6
Forward
€63.5B
/
Dec 2028
€7.4B
=
8.5
Forward
€63.5B
/
Dec 2029
€7.4B
=
8.6
Forward
€63.5B
/
Dec 2030
€7.7B
=
8.2
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
Bayer AG
XETRA:BAYN
37.7B EUR 10.3 -10.4
US
Eli Lilly and Co
NYSE:LLY
835.2B USD 28.7 39.7
US
Johnson & Johnson
NYSE:JNJ
547.8B USD 21.2 25.8
CH
Roche Holding AG
SIX:ROG
248.4B CHF 13.4 20.1
UK
AstraZeneca PLC
LSE:AZN
216.7B GBP 21.9 28.1
CH
Novartis AG
SIX:NOVN
218.2B CHF 15.6 19.6
US
Merck & Co Inc
NYSE:MRK
276.9B USD 11.4 14.9
IE
Endo International PLC
LSE:0Y5F
244.4B USD 970 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.2T DKK 9.8 11.4
US
Pfizer Inc
NYSE:PFE
153.5B USD 10.1 19.6
US
Bristol-Myers Squibb Co
NYSE:BMY
116.3B USD 8.8 16.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
Bayer AG
XETRA:BAYN
Average EV/EBIT: 101.9
10.3
8%
1.3
US
Eli Lilly and Co
NYSE:LLY
28.7
22%
1.3
US
Johnson & Johnson
NYSE:JNJ
21.2
13%
1.6
CH
Roche Holding AG
SIX:ROG
13.4
6%
2.2
UK
AstraZeneca PLC
LSE:AZN
21.9
21%
1
CH
Novartis AG
SIX:NOVN
15.6
9%
1.7
US
Merck & Co Inc
NYSE:MRK
11.4
6%
1.9
IE
E
Endo International PLC
LSE:0Y5F
970
N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
9.8
2%
4.9
US
Pfizer Inc
NYSE:PFE
10.1
-4%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
8.8
-6%
N/A
P/E Multiple
Earnings Growth PEG
DE
Bayer AG
XETRA:BAYN
Average P/E: 21.7
Negative Multiple: -10.4
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
39.7
32%
1.2
US
Johnson & Johnson
NYSE:JNJ
25.8
8%
3.2
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
28.1
25%
1.1
CH
Novartis AG
SIX:NOVN
19.6
14%
1.4
US
Merck & Co Inc
NYSE:MRK
14.9
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
11.4
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.6
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.5
16%
1

Market Distribution

Lower than 72% of companies in Germany
Percentile
28th
Based on 2 187 companies
28th percentile
10.3
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

Bayer AG
Glance View

Bayer AG, a German multinational behemoth, traces its roots back to 1863 in Barmen, when Friedrich Bayer and Johann Friedrich Weskott began their enterprise as a dye-making factory. Fast forward to the present day, and Bayer has evolved into a global powerhouse, seamlessly weaving through pharmaceuticals, consumer health, and agricultural science. At its core, Bayer’s business operations spin around its three main segments: Pharmaceuticals, Consumer Health, and Crop Science. The Pharmaceuticals division is the jewel in Bayer’s crown, focusing on prescription medicines across various therapeutic areas such as oncology, cardiology, and gynecology, allowing Bayer to cater to the world's increasing demand for healthcare solutions, which not only drive patient outcomes but also account for a significant chunk of revenue. Not to be overshadowed, Bayer’s Crop Science division plays a pivotal role, emphasizing its strong commitment to sustainable agriculture. Here, the company develops seeds, traits, and crop protection products that appeal to farmers seeking to enhance yield and manage crop threats. Meanwhile, the Consumer Health division targets over-the-counter products, covering a range of everyday health issues, resonating with consumers seeking self-care solutions. Bayer’s ability to seamlessly integrate its scientific prowess into real-world applications enables the company to extract value across these sectors, creating an intricate mosaic of interdependent streams of revenue and continually reinforcing its stature as a leader in life sciences.

BAYN Intrinsic Value
103.8 EUR
Undervaluation 63%
Intrinsic Value
Price €38.38
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