October 2026
Largest Health & Beauty Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
Bayer, Henkel, Beiersdorf, Fielmann Group and Leifheit.
 | Bayer AG is a German life-sciences group founded in 1863 and headquartered in Leverkusen. It is publicly listed and operates pharmaceuticals, consumer-health and crop-science businesses. Its healthcare operations develop, manufacture and commercialise prescription medicines and consumer products globally. Bayer announced an agreement in December 2024 to acquire HiDoc Technologies and its Cara Care digital application for irritable bowel syndrome. The transaction supported Bayer Consumer Health’s precision-health strategy and expanded its digital care offering. Cara Care was expected to remain available through Germany’s reimbursed digital-health system following completion. Bayer earns revenue principally from product sales and related healthcare businesses. | $49 | +57% | $48B | $86B | 1.7x | 25.1x | ||
| Two distinct customer groups constitute Henkel. The consumer segment (around 47% of consolidated 2025 sales) is laundry and home-care, including the Persil and Purex laundry detergent brands; haircare, including the Schwarzkopf brand; and other brands, including Dial in hand soap. The adhesive technologies segment makes up the remaining 53% of sales. Sales in Europe accounted for 38% of the firm's consolidated total in 2025, while Asia-Pacific and North America accounted for 17% and 26%, respectively. | $84 | +1% | $32B | $34B | 1.5x | 9.0x | ||
| Beiersdorf is a Germany-based company that produces personal-care products, with a focus on manufacturing cosmetic products. The company operates through two business segments. The consumer segment provides skincare and beauty care products and operates portfolio brands such as Nivea, Eucerin, La Prairie, Labello, Hansaplast, Elastoplast, and Florena. The other business segment markets self-adhesive system and product solutions, primarily for industrial customers, under the Tesa brand. Beiersdorf is majority-owned by Maxingvest. | $88 | -17% | $19B | $16B | 1.5x | 8.8x | ||
| Fielmann Group AG is involved in the purchase and sale of goods, in physical stores as well as wholesale and online, particularly in the optometric and hearing acoustics sectors, and especially sales of all kinds of vision aids - particularly glasses, eyeewear frames and lenses, sunglasses, contact lenses, accessories, hearing systems, as well as personal protective equipment. Fielmann is involved in all levels of the optical industry value-added chain: designing, manufacturing, product offering, and optician services. The group was divided into six segments: Germany, Switzerland, Austria, Spain, North America, and Other. The majority of its revenue is generated from Germany. | $42 | -24% | $3.5B | $3.8B | 1.4x | 6.3x | ||
| Leifheit AG is a brand supplier of household items. It divides its operating business into the Household, well-being, and Private Label segments. Leifheit and Soehnle products, two of Germany's household brands, are known for quality and utility for consumers. Its French subsidiaries Birambeau and Herby are active in the service-oriented Private Label segment with a selected product range. In each segment, the company focuses on its core product categories of cleaning, laundry care, kitchen goods, and well-being. Its key markets are Germany and Central Europe. It recognizes revenue from the sale of products. | $12 | -30% | $110M | $96M | 0.4x | 4.7x | ||
| Fit Group AG is focused on building brands in the growing health, performance, and nutrition market. It operates in two brands, FGN and FITGUN. FGN stands for laboratory-tested, natural dietary supplements and addresses a health-oriented target group with high-quality standards. FITGUN focuses on products in the field of regeneration and performance, and is aimed at ambitious individuals, Athletes, sportsmen, and active people. | $45 | -- | $70M | $70M | 44.4x | (36.3x) | ||
| Median | $47 | -17% | $11B | $10B | 1.5x | 7.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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