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Dr Martens PLC
LSE:DOCS

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Dr Martens PLC
LSE:DOCS
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Price: 65.7981 GBX 1.85%
Market Cap: £636.5m

EV/EBITDA

4.9
Current
17%
Cheaper
vs 3-y median of 6

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
4.9
=
Enterprise Value
GBX921m
/
EBITDA
£179.8m

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
4.9
=
Enterprise Value
GBX921m
/
EBITDA
£179.8m

Valuation Scenarios

Dr Martens PLC is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (6), the stock would be worth GBX79.48 (21% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-100%
Maximum Upside
+37%
Average Downside
35%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 4.9 GBX65.8
0%
3-Year Average 6 GBX79.48
+21%
5-Year Average 6.8 GBX90.02
+37%
Industry Average 0 GBX0.26
-100%
Country Average 0 GBX0.26
-100%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
GBX921m
/
Sep 2025
£179.8m
=
4.9
Current
GBX921m
/
Mar 2026
£153.2m
=
6
Forward
GBX921m
/
Mar 2027
£174.6m
=
5.3
Forward
GBX921m
/
Mar 2028
£191.2m
=
4.8
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
UK
Dr Martens PLC
LSE:DOCS
624.3m GBP 4.9 41.3
US
Nike Inc
NYSE:NKE
65.1B USD 18 28.9
JP
Asics Corp
TSE:7936
3.2T JPY 18.9 32.8
US
Deckers Outdoor Corp
NYSE:DECK
15.6B USD 10 15
CH
On Holding AG
NYSE:ONON
11.4B USD 16.8 44.6
US
Skechers USA Inc
NYSE:SKX
9.5B USD 7.8 14.3
CN
Huali Industrial Group Co Ltd
SZSE:300979
51.7B CNY 10.4 14.7
UK
Birkenstock Holding PLC
NYSE:BIRK
7.1B USD 10.5 16
US
Crocs Inc
NASDAQ:CROX
5.1B USD 6.3 -63.1
DE
Puma SE
XETRA:PUM
3.6B EUR 41.1 -5.7
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
25.9B HKD 6.6 8.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
Dr Martens PLC
LSE:DOCS
Average EV/EBITDA: 13.7
4.9
9%
0.5
US
Nike Inc
NYSE:NKE
18
8%
2.3
JP
Asics Corp
TSE:7936
18.9
15%
1.3
US
Deckers Outdoor Corp
NYSE:DECK
10
6%
1.7
CH
On Holding AG
NYSE:ONON
16.8
33%
0.5
US
Skechers USA Inc
NYSE:SKX
7.8
2%
3.9
CN
Huali Industrial Group Co Ltd
SZSE:300979
10.4
12%
0.9
UK
Birkenstock Holding PLC
NYSE:BIRK
10.5
13%
0.8
US
Crocs Inc
NASDAQ:CROX
6.3
0%
N/A
DE
Puma SE
XETRA:PUM
41.1
91%
0.5
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
6.6
N/A N/A
P/E Multiple
Earnings Growth PEG
UK
Dr Martens PLC
LSE:DOCS
Average P/E: 24.1
41.3
143%
0.3
US
Nike Inc
NYSE:NKE
28.9
9%
3.2
JP
Asics Corp
TSE:7936
32.8
16%
2
US
Deckers Outdoor Corp
NYSE:DECK
15
7%
2.1
CH
On Holding AG
NYSE:ONON
44.6
60%
0.7
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
CN
Huali Industrial Group Co Ltd
SZSE:300979
14.7
6%
2.5
UK
Birkenstock Holding PLC
NYSE:BIRK
16
16%
1
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -63.1 N/A N/A
DE
Puma SE
XETRA:PUM
Negative Multiple: -5.7 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
8.9
N/A N/A

Market Distribution

Higher than 92% of companies in United Kingdom
Percentile
92nd
Based on 1 967 companies
92nd percentile
4.9
Low
0 — 0
Typical Range
0 — 0
High
0 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0
Max 743.2

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
94.5258 GBX
Undervaluation 30%
Intrinsic Value
Price GBX65.7981
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