FCF Valuation Monitor - Q3 2025 published - FCF Fox Corporate Finance GmbH

Written by FCF Mittelstand | Jul 29, 2025 6:00:00 AM

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q3 2025”.

The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment and is published by FCF on a quarterly basis.

Key insights per July 2025 are:

Despite the general macroeconomic uncertainty, the SDAX recorded a positive performance of 6.5%, the DAX 2.3%, the MDAX 2.0% and the TecDAX 1.1% over the last three months
Based on 2025 and 2026 EBITDA Multiples, the Software (dt. Software), Internet Products / Services (dt. Onlinedienste) and IT Services (dt. IT Dienste) peer groups show the highest valuations at 15.3x, 13.1x and 11.0x in 2025 and 13.4x, 9.4x and 8.8x in 2026, respectively
Meanwhile, the Consumer Products / Services (dt. Konsumgüter / B2C Dienstleistungen), Communications Services (dt. Telekommunikation) and Transportation & Logistics (dt. Logistik & Transport) peer groups show the lowest valuations at 5.3x, 6.0x and 6.2x in 2025 and 5.2x, 5.1x and 5.7x in 2026, respectively

To access the full report, please click here.

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