Ahold Delhaize (AD.AS): analysis in plain words
Is Ahold Delhaize cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Ahold Delhaize (AD.AS) is listed on Euronext Amsterdam and we classify it in retail. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Ahold Delhaize according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Ahold Delhaize (AD.AS) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €34.29 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 13.6x | Price over earnings per share |
| Revenue growth | +0.3% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 2.4% | Profit for every 100 of sales |
| Net debt / EBITDA | 3.0x | Years of operating profit to repay debt |
| Dividend yield | 3.86% | Annual dividend over price |
| Market cap | €29.9 billion | What the stock market values it at |
The Ahold Delhaize figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any AD.AS figure that is not available shows as N/A: we do not estimate it.
How Ahold Delhaize makes money
Ahold Delhaize runs grocery chains and reports two segments: the United States, its largest, with Food Lion, Stop & Shop, Hannaford and Giant; and Europe, with Albert Heijn in the Netherlands, Delhaize in Belgium, chains in Central Europe and the online store bol. It sells groceries and household goods in stores and online.
Over the last 12 months, Ahold Delhaize brought in revenue of €91.4 billion. For every 100 it sells, Ahold Delhaize keeps 26.6 after the direct cost of what it sells (gross margin) and 4.0 after all operating costs (operating margin). With 384,000 full-time employees, that is about €238,000 of revenue per employee.
Ahold Delhaize against its sector
To know whether a Ahold Delhaize figure is high or low you have to put it next to similar companies. This table compares Ahold Delhaize with the median of the 18 retail companies Fintols covers, with data as of November 4, 2026.
| Figure | Ahold Delhaize | retail median |
|---|---|---|
| P/E | 13.6x | 26.2x (18) |
| Revenue growth | +0.3% | +7.1% (18) |
| Net margin | 2.4% | 7.2% (18) |
| Dividend yield | 3.86% | 0.78% (18) |
| Net debt / EBITDA | 3.0x | 1.5x (18) |
In short, against the typical retail company, Ahold Delhaize trades on a lower P/E, grows more slowly and earns a thinner margin.
The bull case for Ahold Delhaize
These are the strengths in the Ahold Delhaize figures as of November 4, 2026:
- Ahold Delhaize generates real cash: €2.9 billion of free cash flow over 12 months, 9.7% of its stock market value.
- On a P/E basis Ahold Delhaize trades cheaper than its sector: 13.6x its annual earnings, against 26.2x for the retail median (18 companies with data).
- For income seekers, Ahold Delhaize pays a dividend yielding 3.86% at today's price, using 49% of its profit to fund it.
The main risk for Ahold Delhaize
The Ahold Delhaize figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: price competition, which keeps margins thin, and a slowdown in consumer spending.
Frequently asked questions about Ahold Delhaize
Is it a good time to buy Ahold Delhaize stock?
Fintols does not tell you whether to buy or sell Ahold Delhaize, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Ahold Delhaize stock trades at €34.29, 19% below its 52-week high (€42.54) and 13% above its low (€30.34). Its P/E is 13.6x against a retail median of 26.2x, and 11.8x on the earnings analysts expect over the next 12 months. With Ahold Delhaize, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Ahold Delhaize pay a dividend?
Yes. As of November 4, 2026, Ahold Delhaize pays €1.24 per share a year, which at today's price is a yield of 3.86%. It uses 49% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 3.44%. The retail median on Fintols is 0.78%.
Is Ahold Delhaize stock expensive?
It depends on what you compare it with. On P/E, Ahold Delhaize trades at 13.6x its last 12 months of earnings: cheaper than the retail median (26.2x). Including its debt, Ahold Delhaize is valued at 8.2x its EBITDA (EV/EBITDA). A high P/E alone does not make Ahold Delhaize expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Ahold Delhaize's competitors?
On Fintols we compare Ahold Delhaize with Target, O'Reilly Automotive and AutoZone, which are also in retail. As of November 4, 2026, Target is worth $74.1 billion and trades on a P/E of 16.9; O'Reilly Automotive is worth $74.3 billion and trades on a P/E of 28.3; AutoZone is worth $53.5 billion and trades on a P/E of 21.8. Each has a side-by-side comparison with Ahold Delhaize below.
Ahold Delhaize competitors
- Target (TGT) analysis · Ahold Delhaize vs Target comparison
- O'Reilly Automotive (ORLY) analysis · Ahold Delhaize vs O'Reilly Automotive comparison
- AutoZone (AZO) analysis · Ahold Delhaize vs AutoZone comparison
To understand Ahold Delhaize better
- Economic Moats Explained: From Warren Buffett to AI
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like Ahold Delhaize: retail stocks and Euro Stoxx 50 companies. Open the full AD.AS analysis with its valuation and scenarios. Educational content about Ahold Delhaize, not investment advice.