init innovation in traffic systems SE
XETRA:IXX

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init innovation in traffic systems SE Logo
init innovation in traffic systems SE
XETRA:IXX
Watchlist
Price: 50.8 EUR -0.97%
Market Cap: €510m

P/S

1.5
Current
5%
More Expensive
vs 3-y average of 1.5

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.5
=
Market Cap
€443.9m
/
Revenue
€329.7m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.5
=
Market Cap
€443.9m
/
Revenue
€329.7m

Valuation Scenarios

init innovation in traffic systems SE is trading above its 3-year average

If P/S returns to its 3-Year Average (1.5), the stock would be worth €48.4 (5% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-31%
Maximum Upside
No Upside Scenarios
Average Downside
10%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.5 €50.8
0%
3-Year Average 1.5 €48.4
-5%
5-Year Average 1.5 €48.69
-4%
Industry Average 1.5 €49.94
-2%
Country Average 1.1 €35
-31%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€443.9m
/
Jan 2026
€329.7m
=
1.5
Current
€443.9m
/
Dec 2026
€400.1m
=
1.1
Forward
€443.9m
/
Dec 2027
€448m
=
1
Forward
€443.9m
/
Dec 2028
€493.8m
=
0.9
Forward
€443.9m
/
Dec 2029
€540.1m
=
0.8
Forward
€443.9m
/
Dec 2030
€585.5m
=
0.8
Forward
€443.9m
/
Dec 2031
€628.9m
=
0.7
Forward
€443.9m
/
Dec 2032
€752.6m
=
0.6
Forward
€443.9m
/
Dec 2033
€806.9m
=
0.6
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
DE
init innovation in traffic systems SE
XETRA:IXX
504.5m EUR 1.5 25.8
US
Microsoft Corp
NASDAQ:MSFT
3T USD 9.5 24.2
US
Oracle Corp
NYSE:ORCL
464B USD 7.2 28.7
US
Palo Alto Networks Inc
NASDAQ:PANW
146.3B USD 12.7 98.3
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
112.9B USD 23.5 -695
US
ServiceNow Inc
NYSE:NOW
91.5B USD 6.6 52.1
US
VMware Inc
XETRA:BZF1
58B EUR 5 47.9
US
Fortinet Inc
NASDAQ:FTNT
62.6B USD 9.2 33.8
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 123.2 491.7
CN
Knowledge Atlas Technology JSC Ltd
HKEX:2513
382.1B HKD 459.3 -70.8
CN
MiniMax Group Inc
HKEX:100
217.8B HKD 351.6 -14.8
P/E Multiple
Earnings Growth PEG
DE
init innovation in traffic systems SE
XETRA:IXX
Average P/E: 100.3
25.8
26%
1
US
Microsoft Corp
NASDAQ:MSFT
24.2
18%
1.3
US
Oracle Corp
NYSE:ORCL
28.7
37%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
98.3
50%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -695 N/A N/A
US
ServiceNow Inc
NYSE:NOW
52.1
54%
1
US
V
VMware Inc
XETRA:BZF1
47.9
39%
1.2
US
Fortinet Inc
NASDAQ:FTNT
33.8
15%
2.3
US
Xperi Holding Corp
LSE:0M2A
491.7
N/A N/A
CN
K
Knowledge Atlas Technology JSC Ltd
HKEX:2513
Negative Multiple: -70.8 N/A N/A
CN
MiniMax Group Inc
HKEX:100
Negative Multiple: -14.8 N/A N/A

Market Distribution

In line with most companies in Germany
Percentile
62st
Based on 2 778 companies
62st percentile
1.5
Low
0 — 0.6
Typical Range
0.6 — 2.1
High
2.1 —
Distribution Statistics
Germany
Min 0
30th Percentile 0.6
Median 1.1
70th Percentile 2.1
Max 23 633

init innovation in traffic systems SE
Glance View

init innovation in traffic systems SE engages in the provision of intelligent transportation and electronic ticketing systems for public transportation. The company is headquartered in Karlsruhe, Baden-Wuerttemberg and currently employs 1,055 full-time employees. The company went IPO on 2001-07-24. The firm develops and supplies integrated planning, dispatching, telematics and ticketing systems for buses and trains. The firm's solutions for planning, operating and optimizing public transportation include intermodal transport control systems, real time passenger information, electronic ticketing, planning and dispatching and automatic passenger counting. The company operates through subsidiaries in Austria, Germany, the United States, Canada, the United Arab Emirates, Finland, the United Kingdom, Switzerland and Singaport, including INIT GmbH, initplan GmbH, INIT Inc and initperdis GmbH.

IXX Intrinsic Value
60.57 EUR
Undervaluation 16%
Intrinsic Value
Price €50.8
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