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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, DocCheck AG's Enterprise Value is €45.52 Mil.
DocCheck AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €8.76 Mil. Therefore, DocCheck AG's EV-to-EBIT ratio for today is 5.20.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, DocCheck AG's Enterprise Value is €45.52 Mil.
DocCheck AG's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €11.58 Mil. Therefore, DocCheck AG's EV-to-EBITDA ratio for today is 3.93.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, DocCheck AG's Enterprise Value is €45.52 Mil.
DocCheck AG's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €55.32 Mil. Therefore, DocCheck AG's EV-to-Revenue ratio for today is 0.82.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, DocCheck AG's Enterprise Value is €45.52 Mil.
DocCheck AG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €2.24 Mil. Therefore, DocCheck AG's EV-to-FCF ratio for today is 20.35.
*** 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.
DocCheck AG (HAM:AJ91) 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.
DocCheck AG's current Enterprise Value is €45.52 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. DocCheck AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €8.76 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
DocCheck AG's current Enterprise Value is €45.52 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. DocCheck AG's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €11.58 Mil.
DocCheck AG's current Enterprise Value is €45.52 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. DocCheck AG's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €55.32 Mil.
DocCheck AG's current Enterprise Value is €45.52 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. DocCheck AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €5.98 Mil.
DocCheck AG's current Enterprise Value is €45.52 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. DocCheck AG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €2.24 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.
DocCheck AG Enterprise Value Related Terms
DocCheck AG Enterprise Value Historical Data
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The historical data trend for DocCheck 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.
HAM:AJ91 vs VEEV, BTSG, TEM: Enterprise Value Comparison
For the Health Information Services subindustry, DocCheck 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.
DocCheck AG Enterprise Value vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, DocCheck AG's Enterprise Value distribution charts can be found below:
* The bar in red indicates where DocCheck 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.
DocCheck 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.
DocCheck AG (HAM:AJ91) has a Enterprise Value of €45.52 Mil as of Jul. 22, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on DocCheck AG and its competitors.
Is DocCheck AG's Enterprise Value too high?
DocCheck AG's current Enterprise Value is €45.52 Mil. Overall, DocCheck AG has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does DocCheck AG's Enterprise Value compare to VEEV and BTSG?
DocCheck AG's Enterprise Value of €45.52 Mil can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Enterprise Value depends on the Healthcare Providers & Services 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 DocCheck AG and its competitors. DocCheck AG's current Enterprise Value is €45.52 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DocCheck AG stock overvalued right now?
DocCheck AG (HAM:AJ91) has a current Enterprise Value of €45.52 Mil. The stock's GF Value™ is €9.52, compared to a current price of €11.90 — trading 25% above its estimated fair value. The current Enterprise Value is €45.52 Mil. DocCheck AG's overall GF Score™ is 71/100 with 3 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 DocCheck AG (HAM:AJ91), the current Enterprise Value is €45.52 Mil as of Jul. 22, 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 DocCheck AG (HAM:AJ91) Overvalued in 2026?
Based on GuruFocus' analysis, DocCheck AG stock appears to be overvalued.
The current stock price of €11.90 is trading 25% above its estimated GF Value™ of €9.52.
Key valuation signals for HAM:AJ91:
Enterprise Value: €45.52 Mil
GF Value™: €9.52 vs. price of €11.90 (25% above fair value)
No single metric tells the full story. See the HAM:AJ91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DocCheck AG is a Germany-based company engaged in the healthcare sector. It operates through subsidiaries: antwerpes AG develops integrated communication concepts for the healthcare sector, including social media and digital communication with focus on e-marketing concepts, search engine optimization (SEO), search engine advertising (SEA) and search engine marketing (SEM); DocCheck Medical Services GmbH operates an online platform for healthcare professionals, such as physicians and pharmacists; DocCheck Medizinbedarf und Logistik GmbH wholesales medical products from third parties and also produces own medical products, and DocCheck Guano AG is a venture capital company with focus on e-health companies and promotes healthcare startups.
71GF Score
Get the complete analysis for HAM:AJ91
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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