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, adidas AG's Enterprise Value is zł158,879 Mil.
adidas AG's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was zł9,407 Mil. Therefore, adidas AG's EV-to-EBIT ratio for today is 16.89.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, adidas AG's Enterprise Value is zł158,879 Mil.
adidas AG's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was zł14,192 Mil. Therefore, adidas AG's EV-to-EBITDA ratio for today is 11.20.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, adidas AG's Enterprise Value is zł158,879 Mil.
adidas AG's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was zł107,969 Mil. Therefore, adidas AG's EV-to-Revenue ratio for today is 1.47.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, adidas AG's Enterprise Value is zł158,879 Mil.
adidas AG's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was zł3,696 Mil. Therefore, adidas AG's EV-to-FCF ratio for today is 42.99.
*** 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.
adidas AG (WAR:ADS) 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.
adidas AG's current Enterprise Value is zł158,879 Mil.
adidas 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 zł9,407 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
adidas AG's current Enterprise Value is zł158,879 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 zł14,192 Mil.
adidas AG's current Enterprise Value is zł158,879 Mil.
adidas 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 zł107,969 Mil.
adidas AG's current Enterprise Value is zł158,879 Mil.
adidas 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 zł5,769 Mil.
adidas AG's current Enterprise Value is zł158,879 Mil.
adidas 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 zł3,696 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 Enterprise Value Related Terms
adidas AG Enterprise Value Historical Data
* Premium members only.
The historical data trend for adidas 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.
WAR:ADS vs NKE, DECK, ONON: Enterprise Value Comparison
For the Footwear & Accessories subindustry, adidas 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.
adidas AG Enterprise Value vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Enterprise Value distribution charts can be found below:
* The bar in red indicates where adidas 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.
adidas 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.
What does a Enterprise Value of zł158,879 Mil mean?
adidas AG (WAR:ADS) has a Enterprise Value of zł158,879 Mil as of Jun. 28, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on adidas AG and its competitors.
Is adidas AG's Enterprise Value too high?
adidas AG's current Enterprise Value is zł158,879 Mil. Overall, adidas AG has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does adidas AG's Enterprise Value compare to NKE and DECK?
adidas AG's Enterprise Value of zł158,879 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Enterprise Value depends on the Manufacturing - Apparel & Accessories 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 adidas AG and its competitors. adidas AG's current Enterprise Value is zł158,879 Mil. 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 (WAR:ADS) is currently considered Modestly Undervalued. The stock's GF Value™ is zł860.58, compared to a current price of zł731.00 — trading 15.1% below its estimated fair value. The current Enterprise Value is zł158,879 Mil. adidas AG's overall GF Score™ is 68/100. 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 adidas AG (WAR:ADS), the current Enterprise Value is zł158,879 Mil as of Jun. 28, 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 (WAR:ADS) Overvalued in 2026?
Based on GuruFocus' analysis, adidas AG stock appears to be undervalued.
The current stock price of zł731.00 is trading 15.1% below its estimated GF Value™ of zł860.58.
GuruFocus considers adidas AG to be Modestly Undervalued.
Key valuation signals for WAR:ADS:
Enterprise Value: zł158,879 Mil
GF Value™: zł860.58 vs. price of zł731.00 (15.1% below fair value)
No single metric tells the full story. See the WAR: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.
68GF Score
Get the complete analysis for WAR:ADS
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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