adidas AGXSWX:ADS 82 EV-to-EBITDA is 11.09 as of Jul. 13, 2026, which is 29% below its 10-year median of 15.64. GuruFocus rates XSWX:ADS with a GF Score™ of 82/100 and a GF Value™ of CHF192.11 (Modestly Undervalued). Among 860 Manufacturing - Apparel & Accessories companies, adidas AG ranks worse than 56.4% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, adidas AG's enterprise value is CHF34,163 Mil.
adidas AG's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was CHF3,081 Mil. Therefore, adidas AG's EV-to-EBITDA for today is 11.09.
The historical rank and industry rank for adidas AG's EV-to-EBITDA or its related term are showing as below:
XSWX:ADS'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.88 Med: 15.64 Max: 36.98
Current: 11.16
During the past 13 years, the highest EV-to-EBITDA of adidas AG was 36.98. The lowest was 7.88. And the median was 15.64.
XSWX:ADS's EV-to-EBITDA is ranked worse than 56.4% of 860
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 9.64
vs XSWX:ADS: 11.16
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).
adidas AG (XSWX:ADS) 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.
adidas AG's share price for today is CHF168.15.
adidas 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 CHF7.258.
* 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 adidas 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.
XSWX:ADS vs NKE, DECK, ONON: EV-to-EBITDA Comparison
For the Footwear & Accessories subindustry, adidas 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.
adidas AG EV-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where adidas AG's EV-to-EBITDA falls into.
adidas AG's current Enterprise Value is CHF34,163 Mil.
adidas 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 CHF3,081 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.
adidas AG (XSWX:ADS) has a EV-to-EBITDA of 11.09 as of Jul. 13, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on adidas AG. This is 29% below median its historical median of 15.64. Over the past decade, adidas AG's EV-to-EBITDA has ranged from 7.88 to 36.98. According to the industry distribution chart, adidas AG ranks #485 out of 860 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 56.4%.
Is adidas AG's EV-to-EBITDA too high?
adidas AG's current EV-to-EBITDA of 11.09 is 29% below median its 10-year median of 15.64. Over the past 10 years, this metric has ranged from a low of 7.88 to a high of 36.98. The Manufacturing - Apparel & Accessories industry median EV-to-EBITDA is 9.64. adidas AG's value of 11.09 is 15% above this industry median. Based on the distribution chart, adidas AG ranks #485 out of 860 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, adidas AG has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does adidas AG's EV-to-EBITDA compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, adidas AG ranks #485 out of 860 companies for EV-to-EBITDA. This places adidas AG in the lower half of its industry. The industry median EV-to-EBITDA is 9.64. adidas AG's value of 11.09 is 15% above this benchmark. Historically, adidas AG's own EV-to-EBITDA has ranged from 7.88 to 36.98 over the past decade. While the company's 10-year median is 15.64 vs. the industry median of 9.64, adidas 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 a Manufacturing - Apparel & Accessories company?
The median EV-to-EBITDA among Manufacturing - Apparel & Accessories companies is 9.64, based on 860 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. adidas AG's current EV-to-EBITDA of 11.09 is 15% 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 adidas AG. For the Manufacturing - Apparel & Accessories industry, the median EV-to-EBITDA is 9.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. adidas AG's current EV-to-EBITDA is 11.09, which is 29% below median its own 10-year median of 15.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is adidas AG stock overvalued right now?
Based on GuruFocus' analysis, adidas AG (XSWX:ADS) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF192.11, compared to a current price of CHF168.15 — trading 12.5% below its estimated fair value. The current EV-to-EBITDA is 11.09, which is 29% below median its 10-year median of 15.64 and 15% above the Manufacturing - Apparel & Accessories industry median of 9.64. adidas AG's overall GF Score™ is 82/100. 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 adidas AG (XSWX:ADS), the current EV-to-EBITDA is 11.09 as of Jul. 13, 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 adidas AG (XSWX:ADS) Overvalued in 2026?
Based on GuruFocus' analysis, adidas AG stock appears to be undervalued.
The current stock price of CHF168.15 is trading 12.5% below its estimated GF Value™ of CHF192.11.
GuruFocus considers adidas AG to be Modestly Undervalued.
Key valuation signals for XSWX:ADS:
EV-to-EBITDA: 11.09 (29% below median its 10-year median of 15.64)
GF Value™: CHF192.11 vs. price of CHF168.15 (12.5% below fair value)
Industry Position: 15% above the Manufacturing - Apparel & Accessories median (#485 of 860)
No single metric tells the full story. See the XSWX:ADS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through about 2,000 owned retail stores, 15,000 Adidas-branded franchise stores (including about 8,000 in China), 150,000 wholesale doors, and an owned e-commerce site that is available in 67 countries. The company was founded in 1949 in Germany.
82GF Score
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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