Geberit AG GEBN

Morningstar Rating
CHF 538.00 +7.20 (1.36%)
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Company Report

New Products and an Improving Construction Outlook Support Geberit's Accelerating Growth in 2026

Geberit is the largest player in the European bathroom sanitary sector with a full range of capabilities on both sides of the wall. Exceptional and stable profitability is due to its brand reputation and close relationships with the key decision-makers for sanitary products, such as plumbers and retailers. While Geberit's brand reputation for reliability underpins its pricing power, its relationships with fragmented intermediaries are equally important to withstand competition. Geberit's end customer lacks meaningful expertise in behind-the-wall sanitary products and instead relies entirely on specialized installers such as plumbers. Continuous product innovation and product range extension justify price increases, which are ultimately passed on to the end consumer, who lacks understanding of behind-the-wall sanitary matters and relies on the support of the intermediary.

Price vs Fair Value

GEBN is trading at a LOCK|WvslC< premium.
Price
CHF 538.00
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Geberit's brand reputation and tight-knit relationships with price-agnostic intermediaries support exceptional fundamentals, allowing the group to better navigate weaker construction spending and emerge in a stronger position than its mostly private (and smaller) peers.

Bears

Recent acquisitions by peers within Geberit's piping and ceramics sectors may increase competition among incumbents.

Trading Information

Previous Close Price
CHF 530.80
Day Range
CHF 534.80–540.60
52-Week Range
CHF 490.40–659.80
Bid/Ask
CHF 531.80 / CHF 0.00
Shares Outstanding
32.36M
Market Cap
CHF 17.41B
Volume/Avg
59,057 / 69,535

Key Statistics

Price/Earnings (Normalized)
27.16
Price/Sales
5.47
Dividend Yield (Trailing)
2.40%
Dividend Yield (Forward)
2.40%
Dividend Payment Schedule
Apr
Total Yield
4.43%

Company Profile

Geberit is a leading manufacturer of sanitary products, which include flushing systems, piping systems, and bathroom ceramics. Products are primarily sold through the wholesale channel. Geberit has an extensive history in sanitary products, having filed a patent for its first flushing mechanism in 1912. The company generates sales in 50 countries and operates 26 production plants, the majority of which are in Europe. Geberit shares are listed on the SIX Swiss Exchange. The majority of sales are generated from residential and renovation activities.
Sector
Industrials
Industry
Building Products & Equipment
Stock Style Box
Large Core
Total Number of Employees
11,472

Competitors

Valuation

Metric
GEBN
MAS
SHW
Price/Earnings (Normalized)
27.1615.2727.32
Price/Book Value
15.50—20.20
Price/Sales
5.471.833.26
Price/Cash Flow
20.9811.6718.60
Price/Earnings
GEBN
MAS
SHW

Financial Strength

Metric
GEBN
MAS
SHW
Quick Ratio
0.751.150.40
Current Ratio
1.641.860.73
Interest Coverage
31.2712.987.74
Quick Ratio
GEBN
MAS
SHW

Profitability

Metric
GEBN
MAS
SHW
Return on Assets (Normalized)
17.22%17.21%10.59%
Return on Equity (Normalized)
48.92%—63.78%
Return on Invested Capital (Normalized)
23.73%29.57%17.73%
Return on Assets
GEBN
MAS
SHW

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