Mercedes-Benz Group AG

€41.55As of Sun 8 Nov 2026, 12:00 UTC

XETRA:MBGConsumer Disc

Country Germany

PE (Fwd) •••

TSR 10Y CAGR 3.25%

Div yield 8.42%

ROE 5.88%

Auto Manufacturers

Beta (5Y) 0.74

PE TTM 7.292

TSR TTM (20.89%)

Mkt cap €38.13B

ROIC 3.85%

SE Grade™

Value

Quality

Moat

Consensus

Reference

€51

21.64%

(9.80%)

Hold 0|4|3|11|4

TTM

FYE 31 Dec EUR

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

6.363

Revenue€B

6.994

7.088

7.187

7.203

7.271

7.330

7.375

7.564

7.491

7.501

6.538

0.62%

0.76%

10.08

Revenue growth%

24.65

22.61

22.82

23.22

24.74

24.63

25.67

27.65

29.59

28.27

17.96

27.65

24.70

25.30

Gross margin%

7.50

9.04

9.18

6.98

7.18

8.47

8.53

10.07

11.36

8.62

14.27

8.62

8.57

3.04

Operating margin%

13.34

16.21

19.06

20.66

20.29

20.28

20.80

21.32

20.54

19.84

6.54

20.54

20.29

26.60

Net margin%

3.99

3.82

1.72

3.04

0.73

0.40

3.37

4.60

7.07

9.70

6.94

4.60

3.60

14.34

P/E ratio (avg)x

12.21

11.88

11.63

11.72

12.79

13.17

12.34

11.91

11.31

11.02

25.98

11.91

11.89

20.85

EV/EBITx

11.03

10.85

10.28

11.77

10.93

10.28

9.998

9.460

9.633

10.52

34.14

9.998

10.40

17.64

FCF yield (avg)%

27.04

25.63

26.26

27.68

29.67

30.80

29.52

30.71

31.35

29.61

18.77

30.71

29.56

18.68

FCF margin%

36.10

35.30

33.88

31.02

33.76

32.53

30.07

32.10

33.18

33.99

13.05

32.53

33.47

0.260

FCF / Net incomex

1.499

1.647

1.676

1.721

1.659

1.590

1.594

1.521

1.600

1.794

1.769

1.594

1.624

10.87

ROIC%

16.50

15.92

18.39

18.64

19.23

18.04

16.29

13.44

11.88

10.38

7.55

13.44

16.40

8.18

Return on equity%

30.28

30.58

29.43

30.07

28.37

27.94

25.95

25.75

24.59

22.21

16.58

25.75

28.15

23.67

Return on assets%

24.40

24.74

23.19

20.43

23.00

22.44

19.94

19.23

17.73

15.02

15.52

19.23

21.44

4.51

EPS€

2.91

2.84

2.51

2.72

2.89

2.53

2.73

2.48

2.16

2.14

4.74

(5.82%)

(2.27%)

—

24.83

EPS growth%

27.58

24.64

26.60

25.74

23.31

21.21

21.46

20.22

18.99

20.54

25.68

20.54

22.39

2.90

Bookvalue per sh€

5.76

6.03

6.36

7.45

7.70

8.61

9.97

11.76

13.65

15.54

2.71

15.08%

11.04%

—

5.66

FCF per share€

4.12

3.81

4.14

3.69

3.24

3.55

3.17

3.29

3.63

3.48

2.02

1.46%

(0.87%)

—

3.23

Dividend per sh€

2.38

2.43

2.17

2.00

1.96

1.97

1.75

1.65

1.50

1.57

2.31

(4.39%)

(5.02%)

—

27.13

Div yield (avg)%

4.34

7.01

6.69

6.26

4.15

4.90

2.64

0.81

1.15

0.40

9.61

1.15

4.25

28.68

Payout ratio%

0.40

0.98

0.67

3.15

5.93

5.22

4.10

4.99

3.17

17.48

4.99

3.16

0.914

Shares (diluted)B

1.046

1.229

1.267

1.503

1.764

1.773

2.057

2.231

2.294

2.242

0.925

4.91%

9.02%

27.24

Buyback yield%

11.76

10.56

12.76

12.02

13.72

16.14

17.10

17.35

15.50

12.66

28.64

16.14

13.24

1.007

D/E ratiox

1.081

1.052

1.173

1.364

1.576

1.796

1.984

2.216

2.220

2.249

1.220

2.216

1.686

6.164

Enterprise value€B

9.054

10.81

12.93

14.89

17.02

16.56

16.94

19.96

22.38

24.03

3.461

7.15%

11.84%

5.558

LT debt€B

1.542

1.506

1.668

1.637

1.783

1.796

1.930

2.182

2.291

2.211

7.103

4.40%

4.66%

Peers (US$42.81B)

Cap (US$)

Dr. Ing. h.c. F.…

48.14B

19.61x

Bayerische Motoren…

39.40B

5.762x

Volkswagen AG

39.20B

32.54x

Maruti Suzuki India…

42.69B

29.80x

Capital

TTM

10Y

Leveragex

0.511

0.318

0.285

EBIT/Intx

5.952

0.123

Own earn%

(6.03)

66.39

50.99

Sh yield%

54.37

18.15

18.01

Owners

Insiders/Inst%

13.91

73.33

Short interest%

5.81

SBC / revenue%

3.13

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

13–21

$1 testx

−0.5

Incr. ROIC%

Mercedes-Benz Group AG operates as an automotive company in Europe, Germany, North America, the United States, Asia, China, and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Financial Services segments.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

€7.501B

0.76%

1.00×

Cost of revenue

€5.250B

0.76%

1.00×

Operating expenses

€1.412B

1.04%

1.03×