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RATIONAL Aktiengesellschaft RAA.DE

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

RATIONAL Aktiengesellschaft statistics & valuation

Market cap€7.1B
P / E28.0×
P / S5.6×
P / B7.6×
P / FCF32.4×
Net margin20.2%
FCF margin17.4%
Net cash€145.7M
Enterprise value USD$8.1B
Earnings yield EBIT/EV4.8%
Return on capital34%
Graham number -67.4%€203.89

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 (€203.89); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
18.20% 19.00% 21.00% 20.20% 2022202320242025
Gross margin (%)
55.30% 56.70% 59.20% 59.00% 2022202320242025
Operating margin (%)
23.30% 25.00% 27.10% 26.50% 2022202320242025
Return on equity (%)
26.50% 28.10% 29.20% 27.00% 2022202320242025
Shares outstanding
11.4M 11.4M 11.4M 11.4M 2022202320242025
Net debt (€)
-€207.0M -€97.5M -€114.4M -€145.7M 2022202320242025
Share buybacks (€)
2022202320242025
Return on assets (%)
20.10% 21.60% 22.60% 21.50% 2022202320242025
Free cash flow margin (%)
12.10% 19.90% 21.10% 17.40% 2022202320242025
Debt / equity (×)
0.00× 0.04× 0.03× 0.03× 2022202320242025
EPS (€)
€16.33 €18.82 €22.03 €22.33 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

RATIONAL Aktiengesellschaft trades at about 28× earnings — below its 10-year norm (10-year range 30.4×–39×, median 37.9×).

28× 39×

Shaded band = 10-year range (30.4×–39×); dot = today's 28×.

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 margin59.0%59.2%56.7%55.3%
Operating margin26.5%27.1%25.0%23.3%
Net margin20.2%21.0%19.0%18.2%
FCF margin17.4%21.1%19.9%12.1%
Return on assets21.5%22.6%21.6%20.1%
Return on equity27.0%29.2%28.1%26.5%
Debt / equity0.00×
Current ratio4.483.993.783.46

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