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Puma SE
XETRA:PUM

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Puma SE
XETRA:PUM
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Price: 25.98 EUR 5.27% Market Closed
Market Cap: €3.8B

EV/GP

1.5
Current
16%
Cheaper
vs 3-y average of 1.8

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
1.5
=
Enterprise Value
€4.3B
/
Gross Profit
€3.3B

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
1.5
=
Enterprise Value
€4.3B
/
Gross Profit
€3.3B

Valuation Scenarios

Puma SE is trading below its 3-year average

If EV/GP returns to its 3-Year Average (1.8), the stock would be worth €30.93 (19% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-10%
Maximum Upside
+133%
Average Upside
46%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 1.5 €25.98
0%
3-Year Average 1.8 €30.93
+19%
5-Year Average 2.1 €36.43
+40%
Industry Average 1.3 €23.49
-10%
Country Average 3.5 €60.65
+133%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
Market Cap EV/GP P/E
DE
Puma SE
XETRA:PUM
3.8B EUR 1.5 -5.9
US
Nike Inc
NYSE:NKE
65.7B USD 3.4 29.2
JP
Asics Corp
TSE:7936
3.1T JPY 6.6 31.2
US
Deckers Outdoor Corp
NYSE:DECK
14.4B USD 4 13.8
CH
On Holding AG
NYSE:ONON
11.4B USD 4.4 44
US
Skechers USA Inc
NYSE:SKX
9.5B USD 1.7 14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
7.1B USD 5.7 16
CN
Huali Industrial Group Co Ltd
SZSE:300979
44.5B CNY 7.6 13.9
US
Crocs Inc
NASDAQ:CROX
5.2B USD 2.6 -64.3
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
23.3B HKD 1.4 7.8
US
Steven Madden Ltd
NASDAQ:SHOO
2.7B USD 2.7 61
P/E Multiple
Earnings Growth PEG
DE
Puma SE
XETRA:PUM
Average P/E: 25.7
Negative Multiple: -5.9
N/A N/A
US
Nike Inc
NYSE:NKE
29.2
3%
9.7
JP
Asics Corp
TSE:7936
31.2
17%
1.8
US
Deckers Outdoor Corp
NYSE:DECK
13.8
7%
2
CH
On Holding AG
NYSE:ONON
44
49%
0.9
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
16
16%
1
CN
Huali Industrial Group Co Ltd
SZSE:300979
13.9
N/A N/A
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -64.3 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
7.8
3%
2.6
US
Steven Madden Ltd
NASDAQ:SHOO
61
81%
0.8

Market Distribution

Lower than 78% of companies in Germany
Percentile
22nd
Based on 2 427 companies
22nd percentile
1.5
Low
0.1 — 2
Typical Range
2 — 5.6
High
5.6 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 2
Median 3.5
70th Percentile 5.6
Max 634.5

Puma SE
Glance View

Puma SE, a formidable presence in the global athletic and lifestyle market, traces its roots back to Herzogenaurach, Germany, in the post-war era of 1948. Born from a sibling rivalry within a family shoemaking business, Puma rapidly evolved into a brand synonymous with athletic innovation and style. The company strategically navigates the competitive sportswear landscape by blending high-performance technology with fashion-forward designs, effectively capitalizing on both the utility sought by athletes and the stylistic aspirations of trendsetters. Puma’s product line, which encompasses sports footwear, apparel, and accessories, serves as the backbone of its business model. Through strategic partnerships, sponsorships, and a focus on emerging markets, Puma broadens its reach and strengthens its brand equity. Driving its revenue engine is the company’s adeptness at leveraging diverse market dissemination strategies, from penetrating elite sports events to collaborations with iconic figures in music and fashion. Puma’s ability to maintain this equilibrium of tradition and innovation is evident in its product evolution—meeting the demands of its audience while integrating sustainability practices. Manufacturing is handled globally, balancing cost-effectiveness with quality assurances. This worldwide production network, coupled with an expansive distribution system through retail stores and e-commerce platforms, ensures Puma remains agile and responsive to market demands. In essence, Puma SE's narrative is not just one of athletic success, but of a brand that successfully marries heritage with modernity to generate substantial profitability.

PUM Intrinsic Value
27.91 EUR
Undervaluation 7%
Intrinsic Value
Price €25.98
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