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Nemetschek SE NEM.DE

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

Nemetschek SE statistics & valuation

Market cap€7.1B
P / E32.8×
P / S6.0×
P / B7.7×
P / FCF18.3×
Net margin18.2%
FCF margin32.7%
Net debt€152.6M
Enterprise value USD$8.4B
Earnings yield EBIT/EV4.3%
Return on capital21.2%
Graham number -70.1%€18.45

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 (€18.45); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
20.20% 18.90% 17.60% 18.20% 2022202320242025
Gross margin (%)
57.60% 57.60% 59.30% 61.00% 2022202320242025
Operating margin (%)
24.50% 23.90% 24.10% 26.50% 2022202320242025
Return on equity (%)
24.80% 21.60% 19.40% 23.40% 2022202320242025
Shares outstanding
115.4M 115.4M 115.4M 115.4M 2022202320242025
Net debt (€)
-€47.6M -€191.7M €364.1M €152.6M 2022202320242025
Share buybacks (€)
€0 €11.1M 2022202320242025
Return on assets (%)
13.50% 12.70% 8.20% 10.30% 2022202320242025
Free cash flow margin (%)
24.30% 28.20% 29.40% 32.70% 2022202320242025
Debt / equity (×)
0.23× 0.10× 0.63× 0.44× 2022202320242025
EPS (€)
€1.40 €1.40 €1.52 €1.88 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

Nemetschek SE trades at about 32.8× earnings — below its 10-year norm (10-year range 34.9×–76.2×, median 61.4×).

32.8× 76.2×

Shaded band = 10-year range (34.9×–76.2×); dot = today's 32.8×.

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 margin61.0%59.3%57.6%57.6%
Operating margin26.5%24.1%23.9%24.5%
Net margin18.2%17.6%18.9%20.2%
FCF margin32.7%29.4%28.2%24.3%
Return on assets10.3%8.2%12.7%13.5%
Return on equity23.4%19.4%21.6%24.8%
Debt / equity0.39×0.55×0.00×0.01×
Current ratio0.760.771.040.81

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