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Deutsche Lufthansa AG LHA.DE

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

Deutsche Lufthansa AG statistics & valuation

Market cap€12.0B
P / E9.0×
P / S0.3×
P / B1.0×
Net margin3.4%
FCF margin-1.1%
Net debt€13.4B
Enterprise value USD$29.0B
Earnings yield EBIT/EV6.3%
Return on capital5.6%
Graham number +56.6%€15.63

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 (€15.63); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.60% 4.70% 3.70% 3.40% 2022202320242025
Gross margin (%)
13.10% 14.80% 12.80% 12.50% 2022202320242025
Operating margin (%)
4.10% 6.40% 4.10% 4.00% 2022202320242025
Return on equity (%)
9.40% 17.30% 12.00% 11.50% 2022202320242025
Shares outstanding
1.20B 1.20B 1.20B 1.20B 2022202320242025
Net debt (€)
€13.39B €12.36B €12.44B €13.39B 2022202320242025
Share buybacks (€)
€0 €0 2022202320242025
Return on assets (%)
1.80% 3.70% 2.90% 2.80% 2022202320242025
Free cash flow margin (%)
8.60% 2.50% 0.00% -1.10% 2022202320242025
Debt / equity (×)
1.81× 1.44× 1.23× 1.25× 2022202320242025
EPS (€)
€0.66 €1.40 €1.15 €1.12 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

Deutsche Lufthansa AG trades at about 8.9× earnings — above its 10-year norm (10-year range 5.4×–14.7×, median 7.8×).

5.4× 14.7×

Shaded band = 10-year range (5.4×–14.7×); dot = today's 8.9×.

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 margin12.5%12.8%14.8%13.1%
Operating margin4.0%4.1%6.4%4.1%
Net margin3.4%3.7%4.7%2.6%
FCF margin-1.1%-0.0%2.5%8.6%
Return on assets2.8%2.9%3.7%1.8%
Return on equity11.5%12.0%17.3%9.4%
Debt / equity0.80×0.78×0.92×1.34×
Current ratio0.810.830.810.86

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