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Bechtle AG BC8.DE

DE · Deutsche Börse Xetra · XETR · stock · Technology · website

Bechtle AG statistics & valuation

Market cap€4.4B
P / E19.0×
P / S0.7×
P / B2.1×
P / FCF25.9×
Net margin3.6%
FCF margin2.6%
Net cash€128.5M
Enterprise value USD$4.9B
Earnings yield EBIT/EV7.9%
Return on capital11.8%
Graham number -25.5%€25.81

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€25.81); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.20% 4.10% 3.90% 3.60% 2022202320242025
Gross margin (%)
17.50% 17.50% 18.10% 18.60% 2022202320242025
Operating margin (%)
5.90% 5.90% 5.60% 5.20% 2022202320242025
Return on equity (%)
16.30% 15.20% 12.80% 11.20% 2022202320242025
Shares outstanding
126.0M 126.0M 126.0M 126.0M 2022202320242025
Net debt (€)
€293.6M €298.3M -€416.3M -€128.5M 2022202320242025
Share buybacks (€)
2022202320242025
Return on assets (%)
7.30% 7.00% 5.80% 5.00% 2022202320242025
Free cash flow margin (%)
0.60% 5.60% 7.40% 2.60% 2022202320242025
Debt / equity (×)
0.34× 0.42× 0.12× 0.12× 2022202320242025
EPS (€)
€1.99 €2.11 €1.82 €1.82 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Bechtle AG trades at about 19× earnings — below its 10-year norm (10-year range 17.9×–24.1×, median 22.9×).

17.9× 24.1×

Shaded band = 10-year range (17.9×–24.1×); dot = today's 19×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin18.6%18.1%17.5%17.5%
Operating margin5.2%5.6%5.9%5.9%
Net margin3.6%3.9%4.1%4.2%
FCF margin2.6%7.4%5.6%0.6%
Return on assets5.0%5.8%7.0%7.3%
Return on equity11.2%12.8%15.2%16.3%
Debt / equity0.21×0.30×0.17×
Current ratio1.551.641.861.61

Computed from company filings · DE · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.