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Hermès International Société en commandite par actions RMS.PA

FR · Euronext Paris · XPAR · stock · Consumer Cyclical · website

Hermès International Société en commandite par actions statistics & valuation

Market cap€165.4B
P / E36.6×
P / S10.3×
P / B8.8×
P / FCF39.3×
Net margin28.3%
FCF margin26.3%
Net cash€9.9B
Enterprise value USD$179.5B
Earnings yield EBIT/EV4.3%
Return on capital31.7%
Graham number -73.6%€417.52

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 (€417.52); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
29.00% 32.10% 30.30% 28.30% 2022202320242025
Gross margin (%)
70.80% 72.30% 70.30% 71.10% 2022202320242025
Operating margin (%)
41.50% 42.90% 41.10% 41.80% 2022202320242025
Return on equity (%)
27.10% 28.40% 26.60% 24.00% 2022202320242025
Shares outstanding
104.7M 104.7M 104.7M 104.7M 2022202320242025
Net debt (€)
-€7.29B -€8.56B -€9.47B -€9.89B 2022202320242025
Share buybacks (€)
€123.0M €130.0M €37.0M €8.0M 2022202320242025
Return on assets (%)
19.30% 21.10% 19.90% 18.60% 2022202320242025
Free cash flow margin (%)
31.60% 25.80% 26.80% 26.30% 2022202320242025
Debt / equity (×)
0.16× 0.14× 0.13× 0.12× 2022202320242025
EPS (€)
€32.09 €41.12 €43.87 €43.07 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

Hermès International Société en commandite par actions trades at about 36.7× earnings — below its 10-year norm (10-year range 47.1×–62.1×, median 53.4×).

36.7× 62.1×

Shaded band = 10-year range (47.1×–62.1×); dot = today's 36.7×.

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 margin71.1%70.3%72.3%70.8%
Operating margin41.8%41.1%42.9%41.5%
Net margin28.3%30.3%32.1%29.0%
FCF margin26.3%26.8%25.8%31.6%
Return on assets18.6%19.9%21.1%19.3%
Return on equity24.0%26.6%28.4%27.1%
Debt / equity0.00×0.00×0.00×0.00×
Current ratio4.994.264.403.94

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