€29.38
2.01% yesterday
Paris, Jan 06, 05:27 pm CET
ISIN
FR001400AJ45
Symbol
ML

Michelin Target price 2026 - Analyst rating & recommendation

Michelin Classifications & Recommendation:

Buy
67%
Hold
25%
Sell
8%

Michelin Price Target

Target Price €31.62
Price €29.30
Potential
Number of Estimates 19
19 Analysts have issued a price target Michelin 2027 . The average Michelin target price is €31.62. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 24 analysts: 16 Analysts recommend Michelin to buy, 6 to hold and 2 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Michelin stock has an average upside potential 2027 of . Most analysts recommend the Michelin stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2029

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Dec '24 2025
Estimates
Revenue Billion € 27.19 26.56
4.06% 2.32%
EBITDA Margin 12.10% 17.66%
3.08% 46.01%
Net Margin 6.93% 6.88%
0.97% 0.70%

19 Analysts have issued a sales forecast Michelin 2025 . The average Michelin sales estimate is

€26.6b
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. This is
0.66% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
€27.3b 2.16%
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, the lowest is
€25.1b 6.07%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 €27.2b 4.06%
2025
€26.6b 2.32%
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2026
€27.2b 2.24%
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2027
€28.2b 3.88%
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2028
€31.2b 10.69%
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2029
€32.8b 5.05%
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17 Analysts have issued an Michelin EBITDA forecast 2025. The average Michelin EBITDA estimate is

€4.7b
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. This is
58.73% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
€5.2b 75.78%
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, the lowest is
€4.0b 36.33%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 €3.3b 7.01%
2025
€4.7b 42.66%
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2026
€5.1b 8.42%
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2027
€5.6b 9.18%
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2028
€6.7b 20.69%
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2029
€7.2b 7.21%
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EBITDA Margin

2024 12.10% 3.08%
2025
17.66% 46.01%
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2026
18.73% 6.06%
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2027
19.69% 5.13%
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2028
21.47% 9.04%
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2029
21.91% 2.05%
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18 Michelin Analysts have issued a net profit forecast 2025. The average Michelin net profit estimate is

€1.8b
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. This is
16.99% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
€2.3b 46.21%
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, the lowest is
€1.5b 5.18%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 €1.9b 4.99%
2025
€1.8b 3.07%
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2026
€2.1b 16.48%
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2027
€2.5b 16.49%
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Net Margin

2024 6.93% 0.97%
2025
6.88% 0.70%
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2026
7.83% 13.81%
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2027
8.78% 12.13%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029

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Dec '24 2025
Estimates
Earnings Per Share 2.63 2.59
4.71% 1.52%
P/E 11.32
EV/Sales 0.90

18 Analysts have issued a Michelin forecast for earnings per share. The average Michelin EPS is

€2.59
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. This is
18.26% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
€3.23 47.49%
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, the lowest is
€2.10 4.11%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 €2.63 4.71%
2025
€2.59 1.52%
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2026
€3.01 16.22%
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2027
€3.51 16.61%
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P/E ratio

Current 13.38 11.92%
2025
11.32 15.39%
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2026
9.72 14.13%
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2027
8.34 14.20%
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Based on analysts' sales estimates for 2025, the Michelin stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 0.89 3.26%
2025
0.90 0.58%
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2026
0.88 2.19%
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2027
0.84 3.73%
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2028
0.76 9.66%
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2029
0.72 4.81%
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P/S ratio

Current 0.74 8.89%
2025
0.75 0.66%
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2026
0.73 2.19%
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2027
0.70 3.73%
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2028
0.63 9.66%
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2029
0.60 4.81%
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Current Michelin Upgrades & Downgrades

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Analyst Rating Action Date
DAY BY DAY
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Oct 27 2025
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Oct 14 2025
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ODDO BHF:
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Oct 09 2025
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Sep 16 2025

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