FCF Valuation Monitor – Q4 2024 published

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q4 2024”. 

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 November 2024 are: 

  • Over the past quarter, the DAX, MDAX and TecDAX showed positive performances of 3.7%, 2.6% and 1.3%, respectively. The SDAX had a negative performance of 2.9% over the past three months. 
  • Based on 2024 and 2025 EBITDA Multiples, the Software (dt. Software), Internet Products / Services (dt. Onlinedienste) and Renewable Products / Services (dt. Erneuerbare Energien / Dienstl.) peer groups show the highest valuations at 16.5x, 15.0x and 14.2x in 2024 and 14.8x, 10.6x and 9.1x in 2025, respectively 
  • Meanwhile, the Automotive Supply (dt. Automobilzulieferer), Consumer Products / Services (dt. Konsumgüter / B2C Dienstl.) and Construction Products / Services (dt. Bauprodukte / -wesen) peer groups show the lowest valuations at 5.0x, 5.6x and 5.6x in 2024 and 4.3x, 5.2x and 5.3x in 2025, respectively 

To access the full report, please click here. 

By Arno Fuchs, Marco Buonafede Bennardo and Florian Hoch 

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