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Dr Martens PLC
LSE:DOCS

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Dr Martens PLC
LSE:DOCS
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Price: 64.2 GBX 1.1% Market Closed
Market Cap: £621m

EV/EBIT

8.3
Current
12%
Cheaper
vs 3-y median of 9.5

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
8.3
=
Enterprise Value
GBX921m
/
EBIT
£105.1m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
8.3
=
Enterprise Value
GBX921m
/
EBIT
£105.1m

Valuation Scenarios

Dr Martens PLC is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (9.5), the stock would be worth GBX73.29 (14% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-100%
Maximum Upside
+29%
Average Downside
39%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 8.3 GBX64.2
0%
3-Year Average 9.5 GBX73.29
+14%
5-Year Average 10.7 GBX83.07
+29%
Industry Average 0.1 GBX0.84
-99%
Country Average 0 GBX0.23
-100%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
GBX921m
/
Sep 2025
£105.1m
=
8.3
Current
GBX921m
/
Mar 2026
£79m
=
11.7
Forward
GBX921m
/
Mar 2027
£96.1m
=
9.6
Forward
GBX921m
/
Mar 2028
£109.8m
=
8.4
Forward
GBX921m
/
Mar 2029
£120.5m
=
7.6
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
UK
Dr Martens PLC
LSE:DOCS
620.4m GBP 8.3 40.3
US
Nike Inc
NYSE:NKE
65.4B USD 22.9 29.1
JP
Asics Corp
TSE:7936
3.1T JPY 21 30.9
US
Deckers Outdoor Corp
NYSE:DECK
14B USD 9.3 13.5
CH
On Holding AG
NYSE:ONON
10.9B USD 21.3 42.5
US
Skechers USA Inc
NYSE:SKX
9.5B USD 9.9 14.3
CN
Huali Industrial Group Co Ltd
SZSE:300979
51.8B CNY 10.6 15
UK
Birkenstock Holding PLC
NYSE:BIRK
6.4B USD 11.6 14.3
US
Crocs Inc
NASDAQ:CROX
4.2B USD 5.8 -51.7
DE
Puma SE
XETRA:PUM
3.2B EUR -11.9 -5
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
24.6B HKD 6.3 8.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
Dr Martens PLC
LSE:DOCS
Average EV/EBIT: 12.7
8.3
16%
0.5
US
Nike Inc
NYSE:NKE
22.9
10%
2.3
JP
Asics Corp
TSE:7936
21
N/A N/A
US
Deckers Outdoor Corp
NYSE:DECK
9.3
6%
1.6
CH
On Holding AG
NYSE:ONON
21.3
28%
0.8
US
Skechers USA Inc
NYSE:SKX
9.9
-1%
N/A
CN
Huali Industrial Group Co Ltd
SZSE:300979
10.6
5%
2.1
UK
Birkenstock Holding PLC
NYSE:BIRK
11.6
13%
0.9
US
Crocs Inc
NASDAQ:CROX
5.8
0%
N/A
DE
Puma SE
XETRA:PUM
Negative Multiple: -11.9 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
6.3
7%
0.9
P/E Multiple
Earnings Growth PEG
UK
Dr Martens PLC
LSE:DOCS
Average P/E: 23.1
40.3
143%
0.3
US
Nike Inc
NYSE:NKE
29.1
9%
3.2
JP
Asics Corp
TSE:7936
30.9
16%
1.9
US
Deckers Outdoor Corp
NYSE:DECK
13.5
7%
1.9
CH
On Holding AG
NYSE:ONON
42.5
60%
0.7
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
CN
Huali Industrial Group Co Ltd
SZSE:300979
15
6%
2.5
UK
Birkenstock Holding PLC
NYSE:BIRK
14.3
16%
0.9
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -51.7 N/A N/A
DE
Puma SE
XETRA:PUM
Negative Multiple: -5 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
8.4
N/A N/A

Market Distribution

Higher than 94% of companies in United Kingdom
Percentile
94rd
Based on 1 864 companies
94rd percentile
8.3
Low
0 — 0
Typical Range
0 — 0.1
High
0.1 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0.1
Max 1 015

Dr Martens PLC
Glance View

Dr. Martens Plc engages in the manufacture and sale of footwear products. The firm operates through three reporting segments: Europe, the Middle East and Africa (EMEA), Americas and Americas and Asia-Pacific (APAC). Its product categories include Originals, Fusion, Kids, Casual and Accessories. The Originals category comprises boots, shoes and loafers and also included within the Originals category is the Made in England range. The Fusion category comprises platform boots and shoes, sandals, heels and refined take downs of the Originals. Within the Kids category is the mini-me range, which includes Originals, Fusion and Casual collections. The company offers various accessories, such as shoe care, laces and socks, leather bags and small leather items. The company operates in over 60 countries globally, through a range of modes: directly operated stores and ecommerce sites, wholesale partners and distributors.

DOCS Intrinsic Value
94.53 GBX
Undervaluation 32%
Intrinsic Value
Price GBX64.2
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