Pfeiffer Vacuum Technology AG (PFV.DE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-52.1%

€77.44

vs €161.60 price

Levered DCF

-€1.49

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.43

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	25.84×	40.21×	19.74×	19.61×	34.39×	49×	32.45×	15.89×
P/B	2.9×	2.71×	2.72×	3.19×	4.64×	3.95×	3.99×	2.94×
P/S	1.84×	1.71×	1.59×	1.85×	2.76×	2.5×	2.48×	1.66×
EV / EBITDA	14.54×	16.38×	9.91×	11.27×	17.16×	20.98×	17.08×	9.18×
Gross margin	36.9%	36.1%	37.3%	35.9%	36.4%	35.1%	34.1%	35.7%
Operating margin	8.4%	6.5%	11.4%	13.0%	12.1%	7.3%	10.3%	14.4%
Net margin	7.1%	4.3%	8.1%	9.4%	8.0%	5.1%	7.6%	10.4%
Current ratio	2.3×	2.28×	2.21×	1.77×	2.42×	2.95×	2.83×	2.72×
Debt / equity	0.43×	0.33×	0.03×	0.14×	0.04×	0.19×	0.19×	0.16×
Interest coverage	8.46×	7.12×	18.88×	139.77×	110.43×	50.22×	76.38×	130.85×
Dividend yield	3.0%	2.1%	0.1%	2.4%	0.7%	0.8%	1.4%	1.8%
Payout ratio	78.7%	82.7%	1.4%	46.6%	25.5%	39.0%	46.9%	28.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.2%	6.7%	13.8%	16.3%	13.5%	8.1%	12.3%	18.5%
Return on invested capital	6.4%	5.6%	11.1%	13.3%	11.5%	5.9%	9.1%	14.0%
Return on assets	6.2%	3.6%	8.0%	10.0%	8.8%	4.8%	7.3%	11.0%
Free cash flow yield	-0.3%	-0.1%	0.9%	-2.0%	2.3%	1.9%	1.9%	2.6%
Earnings yield	3.9%	2.5%	5.1%	5.1%	2.9%	2.0%	3.1%	6.3%
Enterprise value	€1.7B	€1.6B	€1.4B	€1.7B	€2.1B	€1.5B	€1.5B	€1B
Net debt / EBITDA	0.99×	0.6×	-0.6×	0.05×	-0.68×	-0.7×	-0.43×	-0.42×
Cash conversion cycle (days)	175	174	163	170	144	143	140	143