Rheinmetall stock: valuation and P/E
RHM.DEHere you can see what Rheinmetall AG costs today relative to earnings, sales and book value, and how that compares with its own valuation history. A high P/E is not a verdict by itself; what matters is whether it sits above or below what the market usually grants this company.
Daily figure as of 13 Nov 2026
P/E on expected earnings
The forward P/E of 15.1 divides the price by the earnings per share that 18 analysts expect on average for the next twelve months: $56.82. The twelve months are made up pro rata of the estimates for fiscal 2026 and 2027. The P/E of 27.2, by contrast, uses reported earnings for the last twelve months.
Analysts mostly estimate adjusted earnings, excluding amortization of acquisitions and other one-off items. The estimates change all the time; they are no promise and no price target.
Against its own valuation history
Each fiscal year is shown with its P/E on the year-end date, using the price at the time.
P/E at each fiscal year end
Figures as a table
| Year | P/E |
|---|---|
| 2016 | 13.6 |
| 2017 | 20.2 |
| 2018 | 11.3 |
| 2019 | 13.2 |
| 2020 | 3,731.9 |
| 2021 | 12.4 |
| 2022 | 17 |
| 2023 | 22.3 |
| 2024 | 37.2 |
| 2025 | 101.5 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 10 Oct 2025)
- Valuation signal Fairly valued since 13 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.