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Rheinmetall AGFRA:RHMB -2.42%79 EV-to-EBITDA is 22.54 as of Jul. 25, 2026, which is 213% above its 10-year median of 7.20. GuruFocus rates FRA:RHMB with a GF Score™ of 79/100 and a GF Value™ of €162.20 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 265 Aerospace & Defense companies, Rheinmetall AG ranks worse than 50.94% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Rheinmetall AG's enterprise value is €49,800 Mil.
Rheinmetall AG's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €2,209 Mil. Therefore, Rheinmetall AG's EV-to-EBITDA for today is 22.54.
The historical rank and industry rank for Rheinmetall AG's EV-to-EBITDA or its related term are showing as below:
FRA:RHMB'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 2.22 Med: 7.2 Max: 51.62
Current: 22.54
During the past 13 years, the highest EV-to-EBITDA of Rheinmetall AG was 51.62. The lowest was 2.22. And the median was 7.20.
FRA:RHMB's EV-to-EBITDA is ranked worse than 50.94% of 265
companies
in the Aerospace & Defense industry
Industry Median: 22.02
vs FRA:RHMB: 22.54
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Rheinmetall AG (FRA:RHMB) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Rheinmetall AG's PE Ratio (TTM) for today is calculated as:
Rheinmetall AG's share price for today is €202.00.
Rheinmetall AG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.126.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Rheinmetall AG's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:RHMB vs SPCX, GE, RTX: EV-to-EBITDA Comparison
For the Aerospace & Defense subindustry, Rheinmetall AG's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Rheinmetall AG EV-to-EBITDA vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rheinmetall AG's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Rheinmetall AG's EV-to-EBITDA falls into.
Rheinmetall AG's current Enterprise Value is €49,800 Mil.
Rheinmetall AG's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,209 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Rheinmetall AG (FRA:RHMB) has a EV-to-EBITDA of 22.54 as of Jul. 25, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Rheinmetall AG. This is 213% above median its historical median of 7.20. Over the past decade, Rheinmetall AG's EV-to-EBITDA has ranged from 2.22 to 51.62. According to the industry distribution chart, Rheinmetall AG ranks #135 out of 265 companies in the Aerospace & Defense industry, placing it in the top 50.9%.
Is Rheinmetall AG's EV-to-EBITDA too high?
Rheinmetall AG's current EV-to-EBITDA of 22.54 is 213% above median its 10-year median of 7.20. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 51.62. The Aerospace & Defense industry median EV-to-EBITDA is 22.02. Rheinmetall AG's value of 22.54 is 2.4% above this industry median. Based on the distribution chart, Rheinmetall AG ranks #135 out of 265 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Rheinmetall AG has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rheinmetall AG's EV-to-EBITDA compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Rheinmetall AG ranks #135 out of 265 companies for EV-to-EBITDA. This places Rheinmetall AG in the lower half of its industry. The industry median EV-to-EBITDA is 22.02. Rheinmetall AG's value of 22.54 is 2.4% above this benchmark. Historically, Rheinmetall AG's own EV-to-EBITDA has ranged from 2.22 to 51.62 over the past decade. While the company's 10-year median is 7.20 vs. the industry median of 22.02, Rheinmetall AG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Aerospace & Defense company?
The median EV-to-EBITDA among Aerospace & Defense companies is 22.02, based on 265 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rheinmetall AG's current EV-to-EBITDA of 22.54 is 2.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Rheinmetall AG. For the Aerospace & Defense industry, the median EV-to-EBITDA is 22.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rheinmetall AG's current EV-to-EBITDA is 22.54, which is 213% above median its own 10-year median of 7.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rheinmetall AG stock overvalued right now?
Based on GuruFocus' analysis, Rheinmetall AG (FRA:RHMB) is currently considered Modestly Overvalued. The stock's GF Value™ is €162.20, compared to a current price of €202.00 — trading 24.5% above its estimated fair value. The current EV-to-EBITDA is 22.54, which is 213% above median its 10-year median of 7.20 and 2.4% above the Aerospace & Defense industry median of 22.02. Rheinmetall AG's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Rheinmetall AG (FRA:RHMB), the current EV-to-EBITDA is 22.54 as of Jul. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Rheinmetall AG (FRA:RHMB) Overvalued in 2026?
Based on GuruFocus' analysis, Rheinmetall AG stock appears to be overvalued.
The current stock price of €202.00 is trading 24.5% above its estimated GF Value™ of €162.20.
GuruFocus considers Rheinmetall AG to be Modestly Overvalued.
Key valuation signals for FRA:RHMB:
EV-to-EBITDA: 22.54 (213% above median its 10-year median of 7.20)
GF Value™: €162.20 vs. price of €202.00 (24.5% above fair value)
Industry Position: 2.4% above the Aerospace & Defense median (#135 of 265)
No single metric tells the full story. See the FRA:RHMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapons and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapons and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators, and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.
79GF Score
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