Stocktoria

Jenoptik AG JEN.DE

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

Jenoptik AG statistics & valuation

Market cap€2.6B
P / E35.4×
P / S2.4×
P / B2.5×
P / FCF21.0×
Net margin6.9%
FCF margin11.6%
Net debt€319.5M
Enterprise value USD$3.3B
Earnings yield EBIT/EV3.9%
Return on capital8.4%
Graham number -50%€22.29

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 (€22.29); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.60% 6.80% 8.30% 6.90% 2022202320242025
Gross margin (%)
35.30% 34.80% 33.40% 32.10% 2022202320242025
Operating margin (%)
12.10% 13.30% 12.90% 10.70% 2022202320242025
Return on equity (%)
6.60% 8.10% 9.60% 7.20% 2022202320242025
Shares outstanding
57.2M 57.2M 57.2M 57.2M 2022202320242025
Net debt (€)
€480.0M €423.1M €396.2M €319.5M 2022202320242025
Share buybacks (€)
2022202320242025
Return on assets (%)
3.30% 4.30% 5.30% 4.30% 2022202320242025
Free cash flow margin (%)
6.50% 7.30% 6.60% 11.60% 2022202320242025
Debt / equity (×)
0.65× 0.55× 0.50× 0.40× 2022202320242025
EPS (€)
€0.96 €1.27 €1.62 €1.26 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

Jenoptik AG trades at about 35.4× earnings — above its 10-year norm (10-year range 13.4×–29.6×, median 23×).

13.4× 35.4×

Shaded band = 10-year range (13.4×–29.6×); dot = today's 35.4×.

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 margin32.1%33.4%34.8%35.3%
Operating margin10.7%12.9%13.3%12.1%
Net margin6.9%8.3%6.8%5.6%
FCF margin11.6%6.6%7.3%6.5%
Return on assets4.3%5.3%4.3%3.3%
Return on equity7.2%9.6%8.1%6.6%
Debt / equity0.22×0.43×0.46×0.52×
Current ratio1.602.262.121.76

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