Bureau Veritas SA
XMUN:4BV

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Bureau Veritas SA
XMUN:4BV
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Price: 28.72 EUR 2.21% Market Closed
Market Cap: €13B

EV/EBITDA

11.3
Current
0%
Cheaper
vs 3-y median of 11.4

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
11.3
=
Enterprise Value
€13.5B
/
EBITDA
€1.3B

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
11.3
=
Enterprise Value
€13.5B
/
EBITDA
€1.3B

Valuation Scenarios

Bureau Veritas SA is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (11.4), the stock would be worth €28.8 (0% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-36%
Maximum Upside
+7%
Average Downside
15%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 11.3 €28.72
0%
3-Year Average 11.4 €28.8
+0%
5-Year Average 12.1 €30.81
+7%
Industry Average 7.7 €19.52
-32%
Country Average 7.3 €18.43
-36%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€13.5B
/
Jan 2026
€1.3B
=
11.3
Current
€13.5B
/
Dec 2026
€1.4B
=
9.8
Forward
€13.5B
/
Dec 2027
€1.5B
=
9.1
Forward
€13.5B
/
Dec 2028
€1.6B
=
8.6
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
FR
Bureau Veritas SA
XMUN:4BV
13B EUR 11.3 22.1
UK
Relx PLC
LSE:REL
49.5B GBP 14.8 23.9
UK
IHS Markit Ltd
F:0M3
37.9B EUR 26.9 36.5
CA
Thomson Reuters Corp
TSX:TRI
56.8B CAD 14.3 27.1
IE
Experian PLC
LSE:EXPN
26.2B GBP 13.9 25.7
US
Verisk Analytics Inc
NASDAQ:VRSK
24.6B USD 15.1 27.2
US
Equifax Inc
NYSE:EFX
23.6B USD 15.1 35.8
CH
SGS SA
SIX:SGSN
16.9B CHF 12.8 25.8
US
Leidos Holdings Inc
NYSE:LDOS
19.6B USD 9.5 13.5
NL
Wolters Kluwer NV
AEX:WKL
16.1B EUR 9.7 12.3
US
UL Solutions Inc
NYSE:ULS
18.4B USD 0 0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FR
Bureau Veritas SA
XMUN:4BV
Average EV/EBITDA: 14.4
11.3
7%
1.6
UK
Relx PLC
LSE:REL
14.8
9%
1.6
UK
I
IHS Markit Ltd
F:0M3
26.9
N/A N/A
CA
Thomson Reuters Corp
TSX:TRI
14.3
11%
1.3
IE
Experian PLC
LSE:EXPN
13.9
10%
1.4
US
Verisk Analytics Inc
NASDAQ:VRSK
15.1
8%
1.9
US
Equifax Inc
NYSE:EFX
15.1
14%
1.1
CH
SGS SA
SIX:SGSN
12.8
10%
1.3
US
Leidos Holdings Inc
NYSE:LDOS
9.5
3%
3.2
NL
Wolters Kluwer NV
AEX:WKL
9.7
6%
1.6
US
U
UL Solutions Inc
NYSE:ULS
Not Available
11%
N/A
P/E Multiple
Earnings Growth PEG
FR
Bureau Veritas SA
XMUN:4BV
Average P/E: 25
22.1
12%
1.8
UK
Relx PLC
LSE:REL
23.9
16%
1.5
UK
I
IHS Markit Ltd
F:0M3
36.5
N/A N/A
CA
Thomson Reuters Corp
TSX:TRI
27.1
20%
1.4
IE
Experian PLC
LSE:EXPN
25.7
20%
1.3
US
Verisk Analytics Inc
NASDAQ:VRSK
27.2
12%
2.3
US
Equifax Inc
NYSE:EFX
35.8
32%
1.1
CH
SGS SA
SIX:SGSN
25.8
12%
2.2
US
Leidos Holdings Inc
NYSE:LDOS
13.5
7%
1.9
NL
Wolters Kluwer NV
AEX:WKL
12.3
7%
1.8
US
U
UL Solutions Inc
NYSE:ULS
Not Available
20%
N/A

Market Distribution

In line with most companies in France
Percentile
67th
Based on 1 558 companies
67th percentile
11.1
Low
0.1 — 5.3
Typical Range
5.3 — 11.7
High
11.7 —
Distribution Statistics
France
Min 0.1
30th Percentile 5.3
Median 7.3
70th Percentile 11.7
Max 1 862.3

Bureau Veritas SA
Glance View

Bureau Veritas SA, a veritable stalwart in the sphere of testing, inspection, and certification (TIC), traces its roots back to 1828 in Antwerp, Belgium. From its inception as a classifier of ships, the company expanded its expertise across a multitude of industries, establishing a remarkable foothold globally. At its core, Bureau Veritas provides businesses with critical services that ensure their processes, products, and infrastructure meet rigorous standards and regulations. This global heavyweight operates across diverse sectors—ranging from marine and agriculture to construction and consumer products—providing pivotal support in the increasingly complex world of international trade and compliance. Today, Bureau Veritas thrives on a dynamic business model that marries a legacy of technical knowledge with innovative solutions. The company drives its revenue by offering a comprehensive suite of services that include testing products for safety and quality, inspecting facilities and equipment to ensure compliance, and certifying organizations against industry standards. With its headquarters in Neuilly-sur-Seine, France, Bureau Veritas leverages a global network of laboratories and offices, allowing it to serve a broad client base across 140 countries. Through its strategic focus on sustainability and technological advancement, Bureau Veritas not only navigates but also shapes the evolving landscape of regulatory demands, fortifying its role as a trusted partner in quality assurance for businesses worldwide.

4BV Intrinsic Value
31.74 EUR
Undervaluation 10%
Intrinsic Value
Price €28.72
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