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Grifols, S.A. GRF.MC

ES · Bolsa de Madrid · XMAD · stock · Healthcare · website

Grifols, S.A. statistics & valuation

Market cap€6.9B
P / E17.2×
P / S0.9×
P / B1.3×
P / FCF11.1×
Net margin5.3%
FCF margin8.3%
Net debt€8.8B
Enterprise value USD$15.1B
Earnings yield EBIT/EV8%
Return on capital7.1%
Graham number +26.8%€12.87

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 (€12.87); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.10% 0.60% 2.20% 5.30% 2022202320242025
Gross margin (%)
36.50% 37.70% 38.70% 38.00% 2022202320242025
Operating margin (%)
11.20% 10.90% 16.00% 16.60% 2022202320242025
Return on equity (%)
3.30% 0.80% 2.70% 7.60% 2022202320242025
Shares outstanding
422.4M 422.4M 422.4M 422.4M 2022202320242025
Net debt (€)
€9.20B €10.44B €9.13B €8.77B 2022202320242025
Share buybacks (€)
€3.5M €0 €0 2022202320242025
Return on assets (%)
0.90% 0.20% 0.70% 2.00% 2022202320242025
Free cash flow margin (%)
-6.50% -1.40% 7.30% 8.30% 2022202320242025
Debt / equity (×)
1.73× 2.04× 1.72× 1.81× 2022202320242025
EPS (€)
€0.31 €0.09 €0.23 €0.59 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

Grifols, S.A. trades at about 17.2× earnings — below its 10-year norm (10-year range 18.3×–112.7×, median 39.1×).

17.2× 112.7×

Shaded band = 10-year range (18.3×–112.7×); dot = today's 17.2×.

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 margin38.0%38.7%37.7%36.5%
Operating margin16.6%16.0%10.9%11.2%
Net margin5.3%2.2%0.6%3.1%
FCF margin8.3%7.3%-1.4%-6.5%
Return on assets2.0%0.7%0.2%0.9%
Return on equity7.6%2.7%0.8%3.3%
Debt / equity1.53×1.43×1.67×1.44×
Current ratio2.512.662.642.32

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