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, Covestro AG's Enterprise Value is €13,922 Mil.
Covestro AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €-335 Mil. Therefore, Covestro AG's EV-to-EBIT ratio for today is -41.56.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Covestro AG's Enterprise Value is €13,922 Mil.
Covestro AG's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €752 Mil. Therefore, Covestro AG's EV-to-EBITDA ratio for today is 18.51.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Covestro AG's Enterprise Value is €13,922 Mil.
Covestro AG's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €12,942 Mil. Therefore, Covestro AG's EV-to-Revenue ratio for today is 1.08.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Covestro AG's Enterprise Value is €13,922 Mil.
Covestro AG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-283 Mil. Therefore, Covestro AG's EV-to-FCF ratio for today is -49.20.
*** 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.
Covestro AG (LTS:0RBE) 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.
Covestro AG's current Enterprise Value is €13,922 Mil.
Covestro AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €-335 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Covestro AG's current Enterprise Value is €13,922 Mil.
Covestro AG's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €752 Mil.
Covestro AG's current Enterprise Value is €13,922 Mil.
Covestro AG's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €12,942 Mil.
Covestro AG's current Enterprise Value is €13,922 Mil.
Covestro AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €487 Mil.
Covestro AG's current Enterprise Value is €13,922 Mil.
Covestro AG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €-283 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.
Covestro AG Enterprise Value Related Terms
Covestro AG Enterprise Value Historical Data
* Premium members only.
The historical data trend for Covestro 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.
LTS:0RBE vs LIN, SHW, ECL: Enterprise Value Comparison
For the Specialty Chemicals subindustry, Covestro 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.
Covestro AG Enterprise Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Covestro AG's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Covestro 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.
Covestro 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.
Covestro AG (LTS:0RBE) has a Enterprise Value of €13,922 Mil as of Jul. 11, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Covestro AG and its competitors.
Is Covestro AG's Enterprise Value too high?
Covestro AG's current Enterprise Value is €13,922 Mil. Overall, Covestro AG has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Covestro AG's Enterprise Value compare to LIN and SHW?
Covestro AG's Enterprise Value of €13,922 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Enterprise Value depends on the Chemicals 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 Covestro AG and its competitors. Covestro AG's current Enterprise Value is €13,922 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covestro AG stock overvalued right now?
Covestro AG (LTS:0RBE) has a current Enterprise Value of €13,922 Mil. The stock's GF Value™ is €50.43, compared to a current price of €59.83 — trading 18.6% above its estimated fair value. The current Enterprise Value is €13,922 Mil. Covestro AG's overall GF Score™ is 61/100 with 7 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 Covestro AG (LTS:0RBE), the current Enterprise Value is €13,922 Mil as of Jul. 11, 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 Covestro AG (LTS:0RBE) Overvalued in 2026?
Based on GuruFocus' analysis, Covestro AG stock appears to be overvalued.
The current stock price of €59.83 is trading 18.6% above its estimated GF Value™ of €50.43.
Key valuation signals for LTS:0RBE:
Enterprise Value: €13,922 Mil
GF Value™: €50.43 vs. price of €59.83 (18.6% above fair value)
No single metric tells the full story. See the LTS:0RBE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Covestro AG is a player in the polymer materials field. The firm is engaged in polyurethanes and polycarbonates products. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for the company's products is driven by cyclical end markets, such as automotive, construction, and furniture. The company's segment includes Performance Materials and Solutions & Specialties. The company generates the majority of its revenue from the Solutions & Specialties segment. The Solutions & Specialties segment includes six business entities: Engineering Plastics; Coatings & Adhesives; Tailored Urethanes; Thermoplastic Polyurethanes; Specialty Films; and Elastomers.
61GF Score
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