Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Bayer AG's Enterprise Value is €74,888 Mil.
Bayer AG's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €81 Mil. Therefore, Bayer AG's EV-to-EBIT ratio for today is 924.54.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Bayer AG's Enterprise Value is €74,888 Mil.
Bayer AG's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €2,946 Mil. Therefore, Bayer AG's EV-to-EBITDA ratio for today is 25.42.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Bayer AG's Enterprise Value is €74,888 Mil.
Bayer AG's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €45,242 Mil. Therefore, Bayer AG's EV-to-Revenue ratio for today is 1.66.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Bayer AG's Enterprise Value is €74,888 Mil.
Bayer AG's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €2,641 Mil. Therefore, Bayer AG's EV-to-FCF ratio for today is 28.36.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Bayer AG (FRA:BAYA) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Bayer AG's current Enterprise Value is €74,888 Mil.
Bayer AG's EBIT 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 €81 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Bayer AG's current Enterprise Value is €74,888 Mil.
Bayer 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 €2,946 Mil.
Bayer AG's current Enterprise Value is €74,888 Mil.
Bayer AG's Revenue 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 €45,242 Mil.
Bayer AG's current Enterprise Value is €74,888 Mil.
Bayer AG's Cash Flow from Operations 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 €5,151 Mil.
Bayer AG's current Enterprise Value is €74,888 Mil.
Bayer AG's Free Cash Flow 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 €2,641 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.
Bayer AG Enterprise Value Related Terms
Bayer AG Enterprise Value Historical Data
* Premium members only.
The historical data trend for Bayer AG's Enterprise Value 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:BAYA vs LLY, JNJ, ABBV: Enterprise Value Comparison
For the Drug Manufacturers - General subindustry, Bayer AG's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Bayer AG Enterprise Value vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Bayer AG's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Bayer AG's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Bayer AG's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Bayer AG (FRA:BAYA) has a Enterprise Value of €74,888 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Bayer AG and its competitors.
Is Bayer AG's Enterprise Value too high?
Bayer AG's current Enterprise Value is €74,888 Mil. Overall, Bayer AG has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bayer AG's Enterprise Value compare to LLY and JNJ?
Bayer AG's Enterprise Value of €74,888 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Drug Manufacturers company?
A good Enterprise Value depends on the Drug Manufacturers industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Bayer AG and its competitors. Bayer AG's current Enterprise Value is €74,888 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bayer AG stock overvalued right now?
Based on GuruFocus' analysis, Bayer AG (FRA:BAYA) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.80, compared to a current price of €11.80 — trading 73.5% above its estimated fair value. The current Enterprise Value is €74,888 Mil. Bayer AG's overall GF Score™ is 62/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Bayer AG (FRA:BAYA), the current Enterprise Value is €74,888 Mil as of Jun. 26, 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 Bayer AG (FRA:BAYA) Overvalued in 2026?
Based on GuruFocus' analysis, Bayer AG stock appears to be overvalued.
The current stock price of €11.80 is trading 73.5% above its estimated GF Value™ of €6.80.
GuruFocus considers Bayer AG to be Significantly Overvalued.
Key valuation signals for FRA:BAYA:
Enterprise Value: €74,888 Mil
GF Value™: €6.80 vs. price of €11.80 (73.5% above fair value)
No single metric tells the full story. See the FRA:BAYA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bayer is a German healthcare and agriculture conglomerate. Healthcare provides close to half of the company's sales and includes pharmaceutical drugs (about 38% of total sales in 2025) as well as vitamins and other consumer healthcare products (13% of total). The firm's crop science business (47% of total) sells seeds, pesticides, herbicides, and fungicides, which was expanded through its 2018 acquisition of Monsanto.
62GF Score
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