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Rheinmetall AG
XETRA:RHM

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Rheinmetall AG
XETRA:RHM
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Price: 1 355.8 EUR 1.33% Market Closed
Market Cap: €62.4B

P/S

6.2
Current
105%
More Expensive
vs 3-y average of 3

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
6.2
=
Market Cap
€72.8B
/
Revenue
€9.9B

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
6.2
=
Market Cap
€72.8B
/
Revenue
€9.9B

Valuation Scenarios

Rheinmetall AG is trading above its 3-year average

If P/S returns to its 3-Year Average (3), the stock would be worth €661.27 (51% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-83%
Maximum Upside
No Upside Scenarios
Average Downside
64%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 6.2 €1 355.8
0%
3-Year Average 3 €661.27
-51%
5-Year Average 1.7 €376.39
-72%
Industry Average 3.2 €703
-48%
Country Average 1.1 €229.62
-83%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€72.8B
/
Jan 2026
€9.9B
=
6.2
Current
€72.8B
/
Dec 2026
€14.7B
=
4.9
Forward
€72.8B
/
Dec 2027
€19.8B
=
3.7
Forward
€72.8B
/
Dec 2028
€25.7B
=
2.8
Forward
€72.8B
/
Dec 2029
€34B
=
2.1
Forward
€72.8B
/
Dec 2030
€43.7B
=
1.7
Forward
€72.8B
/
Dec 2031
€22.1B
=
3.3
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
Rheinmetall AG
XETRA:RHM
62.2B EUR 6.2 88.9
US
Raytheon Technologies Corp
NYSE:RTX
237.1B USD 2.6 32.7
US
RTX Corp
LSE:0R2N
235B USD 2.6 32.4
US
Boeing Co
NYSE:BA
180.5B USD 2 93.8
NL
Airbus SE
PAR:AIR
137.7B EUR 1.9 26.4
FR
Safran SA
PAR:SAF
113.8B EUR 3.6 15.9
UK
Rolls-Royce Holdings PLC
LSE:RR
99.8B GBP 4.7 17.1
US
Lockheed Martin Corp
NYSE:LMT
118.6B USD 1.6 24.7
US
Howmet Aerospace Inc
NYSE:HWM
97.6B USD 11.8 64.8
US
General Dynamics Corp
NYSE:GD
93.1B USD 1.8 22.1
US
Northrop Grumman Corp
NYSE:NOC
82.3B USD 1.9 18

Market Distribution

Higher than 90% of companies in Germany
Percentile
90th
Based on 2 778 companies
90th percentile
6.2
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

Rheinmetall AG
Glance View

Rheinmetall AG, a stalwart of the German industrial landscape, paints a compelling tableau of adaptability and precision engineering. Founded in 1889, the company began its journey crafting armor for the rapid industrialization that swept across Europe. Today, it sits at the forefront of the automotive and defense industries, ingeniously balancing the dual threads of its business. On one side, the defense division thrives in an era of geopolitical uncertainty, producing advanced technologies ranging from military vehicles to sophisticated weapon systems and sensors. This arm of the business capitalizes on the increasing defense budgets worldwide, ensuring Rheinmetall maintains a robust position in global military contracts. Parallelly, Rheinmetall’s automotive sector embraces the evolution of mobility, driving innovation in engine efficiency and emissions reduction systems. This division is pivotal in the era of regulation-heavy automotive markets, such as those in the European Union, aiming for heightened environmental standards. By supplying components that promote cleaner, more efficient engines, Rheinmetall taps into the automotive industry's inexorable march toward sustainability. Together, these two complementary sectors enable Rheinmetall to craft a resilient narrative of growth and adaptability, illustrating how a company deeply rooted in its industrial origins can thrive by aligning itself with both the pragmatic demands of today and the technological innovations of tomorrow.

RHM Intrinsic Value
1 452.81 EUR
Undervaluation 7%
Intrinsic Value
Price €1 355.8
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