Mercedes-Benz (MBG.DE): analysis in plain words
Is Mercedes-Benz cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Mercedes-Benz (MBG.DE) is listed on the Frankfurt Stock Exchange (Xetra) and we classify it in automotive. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Mercedes-Benz according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Mercedes-Benz (MBG.DE) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €42.33 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 7.3x | Price over earnings per share |
| Revenue growth | -4.5% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 4.2% | Profit for every 100 of sales |
| Net debt / EBITDA | 5.9x | Years of operating profit to repay debt |
| Dividend yield | 8.50% | Annual dividend over price |
| Market cap | €40.2 billion | What the stock market values it at |
The Mercedes-Benz figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any MBG.DE figure that is not available shows as N/A: we do not estimate it.
How Mercedes-Benz makes money
Mercedes-Benz reports three segments: Mercedes-Benz Cars, the main one, covering Mercedes, Mercedes-AMG and Mercedes-Maybach passenger cars; Mercedes-Benz Vans, with commercial and private vans; and Mercedes-Benz Mobility, which finances and leases its vehicles. Its key markets are Europe, China and the US.
Over the last 12 months, Mercedes-Benz brought in revenue of €128.1 billion. For every 100 it sells, Mercedes-Benz keeps 16.7 after the direct cost of what it sells (gross margin) and 4.7 after all operating costs (operating margin). With 152,528 full-time employees, that is about €840,000 of revenue per employee.
Mercedes-Benz against its sector
To know whether a Mercedes-Benz figure is high or low you have to put it next to similar companies. This table compares Mercedes-Benz with the median of the 5 automotive companies Fintols covers, with data as of November 4, 2026.
| Figure | Mercedes-Benz | automotive median |
|---|---|---|
| P/E | 7.3x | 20.2x (5) |
| Revenue growth | -4.5% | +1.1% (11) |
| Net margin | 4.2% | 0.5% (11) |
| Dividend yield | 8.50% | 0.82% (11) |
| Net debt / EBITDA | 5.9x | 5.9x (9) |
In short, against the typical automotive company, Mercedes-Benz trades on a lower P/E, grows more slowly and earns a wider margin. By size, Mercedes-Benz ranks number 2 of 5 automotive companies quoted in EUR on Fintols.
The bull case for Mercedes-Benz
These are the strengths in the Mercedes-Benz figures as of November 4, 2026:
- On a P/E basis Mercedes-Benz trades cheaper than its sector: 7.3x its annual earnings, against 20.2x for the automotive median (5 companies with data).
- For income seekers, Mercedes-Benz pays a dividend yielding 8.50% at today's price, using 61% of its profit to fund it.
The main risk for Mercedes-Benz
Debt is heavy: Mercedes-Benz carries net debt equal to 5.9x its annual EBITDA. With high interest rates or a weak year, interest payments eat into what it can invest or pay out.
On top of that: mercedes-Benz sales fell 4.5% in the latest quarter against the same quarter a year earlier: if the decline drags on, profit usually follows.
And, like the rest of automotive, Mercedes-Benz is exposed to the electric-car price war, tariffs and how cyclical car sales are.
Frequently asked questions about Mercedes-Benz
Is it a good time to buy Mercedes-Benz stock?
Fintols does not tell you whether to buy or sell Mercedes-Benz, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Mercedes-Benz stock trades at €42.33, 32% below its 52-week high (€62.34) and 9% above its low (€38.89). Its P/E is 7.3x against a automotive median of 20.2x, and 7.1x on the earnings analysts expect over the next 12 months. With Mercedes-Benz, 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 Mercedes-Benz pay a dividend?
Yes. As of November 4, 2026, Mercedes-Benz pays €3.50 per share a year, which at today's price is a yield of 8.50%. It uses 61% of its profit to pay it. Its average dividend yield over the last five years is 6.09%. The automotive median on Fintols is 0.82%.
Is Mercedes-Benz stock expensive?
It depends on what you compare it with. On P/E, Mercedes-Benz trades at 7.3x its last 12 months of earnings: cheaper than the automotive median (20.2x). Including its debt, Mercedes-Benz is valued at 8.9x its EBITDA (EV/EBITDA). A high P/E alone does not make Mercedes-Benz expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Mercedes-Benz's competitors?
On Fintols we compare Mercedes-Benz with BMW, Volkswagen and Stellantis, which are also in automotive. As of November 4, 2026, BMW is worth €36.5 billion and trades on a P/E of 5.9; Volkswagen is worth €35.7 billion and trades on a P/E of 33.7; Stellantis is worth €12.1 billion. Each has a side-by-side comparison with Mercedes-Benz below.
Mercedes-Benz competitors
- BMW (BMW.DE) analysis · Mercedes-Benz vs BMW comparison
- Volkswagen (VOW3.DE) analysis · Mercedes-Benz vs Volkswagen comparison
- Stellantis (STLAM.MI) analysis · Mercedes-Benz vs Stellantis comparison
To understand Mercedes-Benz better
- How to Read a Balance Sheet: A Beginner's Guide
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like Mercedes-Benz: automotive stocks and Euro Stoxx 50 companies. Open the full MBG.DE analysis with its valuation and scenarios. Educational content about Mercedes-Benz, not investment advice.