May 2026
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Largest Railways Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
Knorr-Bremse, Vossloh, Uestra Hannoversche, SBF and SMT Scharf.
 | Knorr-Bremse AG is engaged in the development, production, marketing, and servicing of Automotive parts. It operates its business activities in two divisions: Rail Vehicle Systems and Commercial Vehicle Systems. Its product portfolio comprises Braking, entrance, and HVAC systems; power electric and control technology; digital solutions; couplers; signal systems; pneumatic braking systems; energy supply and distribution systems; wiper and wash systems; and others. Majority of revenue is from Rail Vehicle System. Its geographical segments are Europe/Africa, North America, South America, and Asia-Pacific. | $121 | +28% | $19B | $21B | 2.3x | 14.5x | ||
| Vossloh AG is a rail infrastructure manufacturer domiciled in Germany. The company organizes itself into three segments: Customized Modules, Core Components, and Life Cycle Solutions (rail solutions). The Core Components segment, which generates the majority of the revenue, provides rail fastening systems and manufactures concrete railway ties. The Customized Modules segment, manufactures, installs, and maintains switch systems and monitoring equipment for rail networks, and the Life Cycle Solutions segment maintains, tracks, switches, and recycles old rails. The company also provides digital-based services for the entire lifecycle of rails and switches. It derives a majority of its revenue in Europe, and the rest from its operations in Asia and the Americas. | $82 | -16% | $2B | $1B | 0.8x | 6.1x | ||
| Uestra Hannoversche Verkehrsbetriebe AG is a Germany-based company that provides public transportation in the German city Hannover. It manages and operates light rail transit and buses in the Hannover Metropolitan area. The company also provides transportation consulting and travel services. | $9 | -25% | $221M | $360M | 1.6x | (4.9x) | ||
| SBF AG is engaged in providing ceiling, lighting and air ducting systems for the railways. | $5 | -33% | $52M | $54M | 1.1x | 31.7x | ||
| SMT Scharf AG is a supplier of rail bound transport systems. The group develops, manufactures, and services transportation equipment and logistics systems for underground mining and tunnel construction. It has four primary segments Coal Mining, Mineral Mining, Tunnel Logistics, and Other Industries segment. The company derives the maximum revenue from the Coal Mining segment. Its products categories include Monorail systems, Floor-mounted Rail, and Rubber wheeled transportation. | $8 | +11% | $45M | $24M | 0.2x | 2.7x | ||
| Median | $9 | -16% | $221M | $360M | 1.1x | 6.1x |
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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