L

Learnd SE
XETRA:LRND

Watchlist Manager
Learnd SE
XETRA:LRND
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Price: 2.74 EUR
Market Cap: €37.7m

EV/EBIT

2.7
Current
53%
Cheaper
vs 3-y average of 5.7

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
2.7
=
Enterprise Value
€79.8m
/
EBIT
£20.1m

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
2.7
=
Enterprise Value
€79.8m
/
EBIT
£20.1m

Valuation Scenarios

Learnd SE is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (5.7), the stock would be worth €5.8 (112% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+392%
Average Upside
219%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 2.7 €2.74
0%
3-Year Average 5.7 €5.8
+112%
5-Year Average 5.7 €5.8
+112%
Industry Average 9.8 €9.9
+261%
Country Average 13.3 €13.47
+392%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€79.8m
/
Jul 2025
£20.1m
=
2.7
Current
€79.8m
/
Dec 2025
£2.6m
=
30.8
Forward
€79.8m
/
Dec 2026
£4.2m
=
19
Forward
€79.8m
/
Dec 2027
£6.1m
=
13.1
Forward
€79.8m
/
Dec 2028
£8m
=
10
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
LU
Learnd SE
XETRA:LRND
38.8m EUR 2.7 10.4
US
GE Vernova LLC
NYSE:GEV
308.9B USD 0 0
UK
Eight Capital Partners PLC
F:ECS
158.4B EUR 0 0
US
China Industrial Group Inc
OTC:CIND
121B USD 3 537.2 4 020.7
NL
Nepi Rockcastle NV
JSE:NRP
102.4B ZAR 14.4 10.6
US
Fintech Ecosystem Development Corp
NASDAQ:FEXD
68B USD -17 989.5 38 417.9
US
CoreWeave Inc
NASDAQ:CRWV
58.9B USD 0 0
CH
Galderma Group AG
SIX:GALD
37.6B CHF 0 0
US
Symbotic Inc
NASDAQ:SYM
37.6B USD -737.3 -3 457.1
US
Coupang Inc
F:788
31.5B EUR 66.7 174.3
US
Reddit Inc
NYSE:RDDT
29.2B USD 60.5 55.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
LU
L
Learnd SE
XETRA:LRND
Average EV/EBIT: 736.3
2.7
-33%
N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
82%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
3 537.2
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
14.4
N/A N/A
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
Negative Multiple: -17 989.5 N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
37%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -737.3 N/A N/A
US
Coupang Inc
F:788
66.7
75%
0.9
US
R
Reddit Inc
NYSE:RDDT
60.5
59%
1
P/E Multiple
Earnings Growth PEG
LU
L
Learnd SE
XETRA:LRND
Average P/E: 7 114.8
10.4
-18%
N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.6
1%
10.6
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 417.9
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 457.1 N/A N/A
US
Coupang Inc
F:788
174.3
96%
1.8
US
R
Reddit Inc
NYSE:RDDT
55.2
41%
1.3

Market Distribution

Lower than 89% of companies in Luxembourg
Percentile
11th
Based on 167 companies
11th percentile
2.7
Low
0 — 9.8
Typical Range
9.8 — 22.5
High
22.5 —
Distribution Statistics
Luxembourg
Min 0
30th Percentile 9.8
Median 13.3
70th Percentile 22.5
Max 1 142.5

Learnd SE
Glance View

Market Cap
37.7m EUR
Industry
N/A

learnd SE engages in providing energy management services. The firm is a Special Purpose Acquisition Company (SPAC) established for the purpose of acquiring a non-listed ESG-related target company in the form of a merger, capital stock exchange, share purchase, asset acquisition, reorganization, or similar transaction. The company seeks a business combination with an established-stage European tech company which focuses on ESG-related technologies supporting the path to de-carbonization. The company offers an opportunity for investors to invest in a growth- and scale-stage European ESG tech company in collaboration with the GFJ team that offers a differentiated and complementary skillset.

LRND Intrinsic Value
6.52 EUR
Undervaluation 58%
Intrinsic Value
Price €2.74
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