🚀 VC round data is live in beta, check it out!
Lufthansa Valuation Multiples
Discover revenue and EBITDA valuation multiples for Lufthansa and similar public comparables like Turkish Airlines, Qantas Airways, Hainan Airlines, Cathay Pacific Airways and more.
Lufthansa Overview
About Lufthansa
Lufthansa AG is a European airline group operating through three primary segments: passenger airlines, logistics (Lufthansa Cargo), and MRO (Lufthansa Technik). The passenger airlines segment includes Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, Eurowings, and the equity interest in SunExpress. As of 2025, Lufthansa also holds a 41% stake in ITA Airways, with strategic integration underway.
Founded
1953
HQ
Employees
96.7K
Website
Sectors
Financials (LTM)
EV
$18B
Lufthansa Financials
Lufthansa reported last 12-month revenue of $47B and EBITDA of $5B.
In the same LTM period, Lufthansa generated $20B in gross profit, $5B in EBITDA, and $2B in net income.
Revenue (LTM)
Lufthansa P&L
In the most recent fiscal year, Lufthansa reported revenue of $47B and EBITDA of $6B.
Lufthansa expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $47B | XXX | $47B | XXX | XXX | XXX |
| Gross Profit | $20B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 42% | XXX | 12% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $6B | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $12B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Lufthansa Stock Performance
Lufthansa has current market cap of $11B, and enterprise value of $18B.
Market Cap Evolution
Lufthansa's stock price is $8.90.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18B | $11B | 0.0% | XXX | XXX | XXX | $1.31 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialLufthansa Valuation Multiples
Lufthansa trades at 0.4x EV/Revenue multiple, and 3.6x EV/EBITDA.
EV / Revenue (LTM)
Lufthansa Financial Valuation Multiples
As of April 19, 2026, Lufthansa has market cap of $11B and EV of $18B.
Equity research analysts estimate Lufthansa's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Lufthansa has a P/E ratio of 6.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 3.6x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBIT | 8.0x | XXX | 8.0x | XXX | XXX | XXX |
| EV/Gross Profit | 0.9x | XXX | 3.1x | XXX | XXX | XXX |
| P/E | 6.9x | XXX | 6.8x | XXX | XXX | XXX |
| EV/FCF | 13.8x | XXX | 13.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Lufthansa Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Lufthansa Margins & Growth Rates
Lufthansa's revenue in the last 12 month grew by 8%.
Lufthansa's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.0M for the same period.
Lufthansa's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Lufthansa's rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Lufthansa Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (13%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Lufthansa Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Lufthansa | XXX | XXX | XXX | XXX | XXX | XXX |
| Turkish Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Hainan Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Cathay Pacific Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| American Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Lufthansa M&A Activity
Lufthansa acquired XXX companies to date.
Last acquisition by Lufthansa was on XXXXXXXX, XXXXX. Lufthansa acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Lufthansa
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialLufthansa Investment Activity
Lufthansa invested in XXX companies to date.
Lufthansa made its latest investment on XXXXXXXX, XXXXX. Lufthansa invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Lufthansa
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Lufthansa
| When was Lufthansa founded? | Lufthansa was founded in 1953. |
| Where is Lufthansa headquartered? | Lufthansa is headquartered in Germany. |
| How many employees does Lufthansa have? | As of today, Lufthansa has over 96K employees. |
| Is Lufthansa publicly listed? | Yes, Lufthansa is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of Lufthansa? | Lufthansa trades under LHA ticker. |
| When did Lufthansa go public? | Lufthansa went public in 1966. |
| Who are competitors of Lufthansa? | Lufthansa main competitors are Turkish Airlines, Qantas Airways, Hainan Airlines, Cathay Pacific Airways. |
| What is the current market cap of Lufthansa? | Lufthansa's current market cap is $11B. |
| What is the current revenue of Lufthansa? | Lufthansa's last 12 months revenue is $47B. |
| What is the current revenue growth of Lufthansa? | Lufthansa revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Lufthansa? | Current revenue multiple of Lufthansa is 0.4x. |
| Is Lufthansa profitable? | Yes, Lufthansa is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Lufthansa? | Lufthansa's last 12 months EBITDA is $5B. |
| What is Lufthansa's EBITDA margin? | Lufthansa's last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Lufthansa? | Current EBITDA multiple of Lufthansa is 3.6x. |
| What is the current FCF of Lufthansa? | Lufthansa's last 12 months FCF is $1B. |
| What is Lufthansa's FCF margin? | Lufthansa's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Lufthansa? | Current FCF multiple of Lufthansa is 13.8x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.