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Puma SE
XETRA:PUM

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Puma SE
XETRA:PUM
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Price: 25.81 EUR 4.58%
Market Cap: €3.8B

P/B

2.2
Current
5%
Cheaper
vs 3-y average of 2.3

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
2.2
=
Market Cap
€3.2B
/
Total Equity
€1.8B

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
2.2
=
Market Cap
€3.2B
/
Total Equity
€1.8B

Valuation Scenarios

Puma SE is trading below its 3-year average

If P/B returns to its 3-Year Average (2.3), the stock would be worth €27.24 (6% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-22%
Maximum Upside
+19%
Average Downside
5%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.2 €25.81
0%
3-Year Average 2.3 €27.24
+6%
5-Year Average 2.6 €30.82
+19%
Industry Average 1.7 €20.07
-22%
Country Average 1.7 €20.13
-22%

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
Puma SE
XETRA:PUM
3.6B EUR 2.2 -5.9
US
Nike Inc
NYSE:NKE
65.7B USD 4.7 29.2
JP
Asics Corp
TSE:7936
3.1T JPY 11.6 31.8
US
Deckers Outdoor Corp
NYSE:DECK
14.4B USD 5.5 13.9
CH
On Holding AG
NYSE:ONON
11.7B USD 5.6 45
US
Skechers USA Inc
NYSE:SKX
9.5B USD 2 14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
6.9B USD 2.1 15.5
CN
Huali Industrial Group Co Ltd
SZSE:300979
44.5B CNY 2.7 13.9
US
Crocs Inc
NASDAQ:CROX
5B USD 3.9 -61.9
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
23.7B HKD 0.7 7.9
US
Steven Madden Ltd
NASDAQ:SHOO
2.7B USD 3.1 60.2
P/E Multiple
Earnings Growth PEG
DE
Puma SE
XETRA:PUM
Average P/E: 25.7
Negative Multiple: -5.9
N/A N/A
US
Nike Inc
NYSE:NKE
29.2
3%
9.7
JP
Asics Corp
TSE:7936
31.8
17%
1.9
US
Deckers Outdoor Corp
NYSE:DECK
13.9
7%
2
CH
On Holding AG
NYSE:ONON
45
49%
0.9
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
15.5
16%
1
CN
Huali Industrial Group Co Ltd
SZSE:300979
13.9
N/A N/A
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -61.9 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
7.9
3%
2.6
US
Steven Madden Ltd
NASDAQ:SHOO
60.2
81%
0.7

Market Distribution

In line with most companies in Germany
Percentile
59th
Based on 2 701 companies
59th percentile
2.2
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

Puma SE
Glance View

Puma SE, a formidable presence in the global athletic and lifestyle market, traces its roots back to Herzogenaurach, Germany, in the post-war era of 1948. Born from a sibling rivalry within a family shoemaking business, Puma rapidly evolved into a brand synonymous with athletic innovation and style. The company strategically navigates the competitive sportswear landscape by blending high-performance technology with fashion-forward designs, effectively capitalizing on both the utility sought by athletes and the stylistic aspirations of trendsetters. Puma’s product line, which encompasses sports footwear, apparel, and accessories, serves as the backbone of its business model. Through strategic partnerships, sponsorships, and a focus on emerging markets, Puma broadens its reach and strengthens its brand equity. Driving its revenue engine is the company’s adeptness at leveraging diverse market dissemination strategies, from penetrating elite sports events to collaborations with iconic figures in music and fashion. Puma’s ability to maintain this equilibrium of tradition and innovation is evident in its product evolution—meeting the demands of its audience while integrating sustainability practices. Manufacturing is handled globally, balancing cost-effectiveness with quality assurances. This worldwide production network, coupled with an expansive distribution system through retail stores and e-commerce platforms, ensures Puma remains agile and responsive to market demands. In essence, Puma SE's narrative is not just one of athletic success, but of a brand that successfully marries heritage with modernity to generate substantial profitability.

PUM Intrinsic Value
27.91 EUR
Undervaluation 8%
Intrinsic Value
Price €25.81
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