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Mercedes-Benz Group AG
XETRA:MBG

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Mercedes-Benz Group AG
XETRA:MBG
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Price: 49.775 EUR -1.59% Market Closed
Market Cap: €47.9B

EV/EBITDA

7.2
Current
41%
More Expensive
vs 3-y average of 5.1

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
7.2
=
Enterprise Value
€88B
/
EBITDA
€12.2B

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
7.2
=
Enterprise Value
€88B
/
EBITDA
€12.2B

Valuation Scenarios

Mercedes-Benz Group AG is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (5.1), the stock would be worth €35.43 (29% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-38%
Maximum Upside
+25%
Average Downside
18%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 7.2 €49.78
0%
3-Year Average 5.1 €35.43
-29%
5-Year Average 5 €34.26
-31%
Industry Average 4.5 €31.02
-38%
Country Average 9 €62.29
+25%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€88B
/
Jan 2026
€12.2B
=
7.2
Current
€88B
/
Dec 2026
€15B
=
5.9
Forward
€88B
/
Dec 2027
€17.6B
=
5
Forward
€88B
/
Dec 2028
€19.6B
=
4.5
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
DE
Mercedes-Benz Group AG
XETRA:MBG
47.7B EUR 7.2 9.3
US
Tesla Inc
NASDAQ:TSLA
1.4T USD 118.7 365.9
JP
Toyota Motor Corp
TSE:7203
40T JPY 7.3 10.8
CN
BYD Co Ltd
SZSE:002594
911.5B CNY 28.4 28.4
KR
Hyundai Motor Co
KRX:005380
134.7T KRW 15.2 14.3
DE
Mercedes Benz Group AG
MIL:MBG
75.3B EUR 4.5 4.9
DE
Daimler AG
XETRA:DAI
67.5B EUR 4 3.7
US
General Motors Co
NYSE:GM
70.6B USD 8 22.2
IT
Ferrari NV
MIL:RACE
59.3B EUR 21.1 36.2
DE
Bayerische Motoren Werke AG
XETRA:BMW
48.2B EUR 5.4 6.6
US
Ford Motor Co
NYSE:F
52.1B USD 17.8 -6.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
Mercedes-Benz Group AG
XETRA:MBG
Average EV/EBITDA: 21.6
7.2
17%
0.4
US
Tesla Inc
NASDAQ:TSLA
118.7
33%
3.6
JP
Toyota Motor Corp
TSE:7203
7.3
1%
7.3
CN
BYD Co Ltd
SZSE:002594
28.4
69%
0.4
KR
Hyundai Motor Co
KRX:005380
15.2
10%
1.5
DE
Mercedes Benz Group AG
MIL:MBG
4.5
4%
1.1
DE
Daimler AG
XETRA:DAI
4
N/A N/A
US
General Motors Co
NYSE:GM
8
13%
0.6
IT
Ferrari NV
MIL:RACE
21.1
8%
2.6
DE
Bayerische Motoren Werke AG
XETRA:BMW
5.4
8%
0.7
US
Ford Motor Co
NYSE:F
17.8
29%
0.6
P/E Multiple
Earnings Growth PEG
DE
Mercedes-Benz Group AG
XETRA:MBG
Average P/E: 50.2
9.3
19%
0.5
US
Tesla Inc
NASDAQ:TSLA
365.9
49%
7.5
JP
Toyota Motor Corp
TSE:7203
10.8
0%
N/A
CN
BYD Co Ltd
SZSE:002594
28.4
27%
1.1
KR
Hyundai Motor Co
KRX:005380
14.3
14%
1
DE
Mercedes Benz Group AG
MIL:MBG
4.9
0%
N/A
DE
Daimler AG
XETRA:DAI
3.7
N/A N/A
US
General Motors Co
NYSE:GM
22.2
62%
0.4
IT
Ferrari NV
MIL:RACE
36.2
12%
3
DE
Bayerische Motoren Werke AG
XETRA:BMW
6.6
5%
1.3
US
Ford Motor Co
NYSE:F
Negative Multiple: -6.4 N/A N/A

Market Distribution

In line with most companies in Germany
Percentile
37th
Based on 2 491 companies
37th percentile
7.2
Low
0.1 — 6.2
Typical Range
6.2 — 13.6
High
13.6 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 6.2
Median 9
70th Percentile 13.6
Max 6 112.6

Mercedes-Benz Group AG
Glance View

Mercedes-Benz Group AG, a titan of the global automotive industry, traces its roots to the pioneering days of the automobile in the late 19th century. With its headquarters in Stuttgart, Germany, the company has consistently positioned itself as a symbol of luxury, engineering excellence, and innovation. From its outset, Mercedes-Benz forged a path of technological advancement and premium quality, becoming renowned for its passenger vehicles that blend performance, luxury, and safety. As a vertically integrated company, it not only designs and manufactures vehicles but also invests significantly in research and development to maintain its competitive edge and uphold its reputation for innovation. The brand's strong identity is magnified through its iconic three-pointed star, signifying dominance over land, sea, and air—a testament to its broad ambitions and achievements. Today, Mercedes-Benz Group AG generates revenue through several strategic channels. Primarily, it earns from the sale of its high-end automobiles, ranging from sedans and SUVs to sports cars and electric vehicles. In recent years, the company has expanded its portfolio to embrace the electric revolution with its EQ lineup, signifying a dedicated shift toward sustainable mobility. Additionally, Mercedes-Benz leverages its finance and leasing services, providing flexible purchasing options to its clientele. Further diversifying its income streams, the company capitalizes on after-sales services, including maintenance and parts distribution, ensuring a continuous engagement with its customer base. This multi-faceted approach not only solidifies its position in the luxury automotive market but also ensures a sustained revenue flow that stands resilient against the changing tides of the automobile industry.

MBG Intrinsic Value
70.146 EUR
Undervaluation 29%
Intrinsic Value
Price €49.775
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