adidas AG (Formerly Adidas-Salomon AG)

Germany Country flag Germany
Sector: Footwear
Ticker: ADS
ISIN: DE000A1EWWW0
Factsheet Factsheet

Market multiple valuation of adidas AG ( ADS | DEU)

The most common multiple used in the valuation of stocks is the P/Earnings NTM multiple (Price to Earnings). P/E relates the current share price with the market expectations in terms of Earnings Per Share. This multiple is used to compare a company's market value with its earnings. A company with a high P/Earnings NTM is considered to be overvalued; a company with a low P/Earnings NTM is considered to be undervalued.
The P/Earnings NTM ratio of adidas AG is significantly higher than the median of its peer group: around 15.00. The company valuation of adidas AG according to these metrics is way above the market valuation of its peer group.
The P/Earnings NTM ratio of adidas AG is significantly higher than the average of its sector (Footwear): 13.59. The company valuation of adidas AG according to these metrics is way above the market valuation of its sector.
The P/Earnings NTM ratio of adidas AG is significantly lower than its historical 5-year average: 82.3. The (current) company valuation of adidas AG is therefore way below its valuation average over the last five years.

Valuation
P/E Last P/E (e) 2025P/E NTM
adidas AGFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Footwear11.1610.9213.59
DAX 4016.6214.8414.28
Germany10.2912.0611.95
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Beta (Ref: DAX 40)
Levered betaUnlevered beta
1-Year1.091.21
2-Year1.291.42
3-Year1.351.50
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Stock Perf excl. Dividends (in EUR)
ADSDAX 40Rel. Perf.
Year-to-Date-11.7%18.0%-29.8%
1-Week1.1%1.8%-0.7%
1-Month12.3%19.5%-7.2%
1-Year-6.4%25.8%-32.2%
3-Year20.4%75.6%-55.2%
5-Year0.5%115.5%-115.0%
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International Peers - adidas AG
Company NameCtryMarket
Cap.
last (mUSD)
adidas AGDEU-0.00
International Peers Median0.95
PUMA SEDEU-0.00
ANTA Sports Products Lt...CYM34 217
Asics Corp.JPN-0.00
NIKE Inc.USA86 779
Pou Chen Corp.TWN3 003
GPRV Analysis
Created with Highcharts 4.1.70/102/104/106/108/1010/10
adidas AG
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
Created with Highcharts 4.1.7Millions EUR201920202021202220232024 (e)2025 (e)2026 (e)2027 (e)0k10k20k30k40k
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Quotes Chart

1-Year Rebased Stock Chart

  • adidas AG
  • DAX 40
Created with Highcharts 4.1.7Jan '25Sep '24May '25-20%0%20%40%
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Did you know ?

On the Infront Analytics platform, there are two ways to identify the listed peers which most closely resemble a private firm:
- with Peer Tracker if you already know a listed peer.
Peer Tracker is a patented technology tool for building peer groups using industry classifications. The degree of similarity between two companies is calculated comparing their sector footprints and measured using comparability scores.
- with Market Screener if you have no listed peer in mind.
Market Screener is a dedicated interface for screening companies using multiple criteria, identifying peers, searching for comparable companies in a specific business sector.

About Market Multiples

Many methods can be used to value a company. In reality, business valuation is often a combination of these different approaches. One of the most widely used quantitative methods is the market multiples method. The market valuation is utilized generally as a primary market input, to provide an objective starting point for the valuation. Put simply, this method multiplies the sales or profits of a business by an industry averaged multiplier to calculate the Market Value of the business.
Current multiples include:
- Historical multiples based on standardized financials for the last completed fiscal period: Last, Last Twelve Months (LTM);
- Forward multiples based on consensus estimates for the current fiscal period and next ones: Next Twelve Months (NTM), FY0, FY1.
Current multiples based on per-share metrics (such as earnings per share or book value per share) are calculated using the last closing price, while current multiples based on company-level metrics (such as net sales, EBIT or EBITDA) are calculated using the current market cap or EV (Enterprise Value).