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MUN/ET9 (MUN/ET9)

Munich Stock Exchange: MUN/ET9 · EUR

€71.2

-3.15 (-4.2%)· Recorded snapshot

Market cap	18.7B
Revenue (ttm)	2.5B
Net income (ttm)	395M
EPS (ttm)	€1.62
P/E (trailing)	44.1x
P/E (forward)	64.6x
Volume	0

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2.5B
Net income (ttm): 395M
EPS (ttm): €1.62
P/E (trailing): 44.1x
P/E (forward): 64.6x
Market cap: 18.7B

Metric	Value
Amount currency	EUR
Country	United States
Country code	DE
Earnings date	2026-11-04
Employees	1,100
Employees change	696
Employees growth	172.28%
Enterprise value	EUR 17.1B
Exchange	Munich Stock Exchange
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-10-10
Fiscal year end	December
Founded	2013
Industry	Capital Markets
Is primary listing	No
ISIN number	US1725731079
Last refreshed	2026-10-28
Market cap	EUR 18.7B
Next earnings date	2026-11-04
Price	EUR 71.20
Price currency	EUR
Sector	Financials
SIC code	7372
Stock price date	2026-10-27
Symbol	mun/ET9
Website	https://www.circle.com

Metric

Value

Amount currency

EUR

Country

United States

Country code

Earnings date

2026-11-04

Employees

1,100

Employees change

696

Employees growth

172.28%

Enterprise value

EUR 17.1B

Exchange

Munich Stock Exchange

Financial currency

USD

Financial report date

2026-06-30

First seen

2026-10-10

Fiscal year end

December

Founded

2013

Industry

Capital Markets

Is primary listing

ISIN number

US1725731079

Last refreshed

2026-10-28

Market cap

EUR 18.7B

Next earnings date

2026-11-04

Price

EUR 71.20

Price currency

EUR

Sector

Financials

SIC code

7372

Stock price date

2026-10-27

Symbol

mun/ET9

Website

https://www.circle.com

Metric	Value
Earnings yield	2.27%
EV/Earnings	43.4x
EV/EBIT	88.6x
EV/EBITDA	81.99x
EV/FCF	25.72x
EV/Sales	6.57x
FCF / EV yield	3.89%
FCF yield	3.57%
Forward P/E	64.63x
Graham number	19.91821
Graham upside	-72.02%
Industry forward P/E	10.13x
Industry P/E	10.18x
P/(FCF - SBC) ratio	39.73x
P/(OCF - SBC) ratio	38.63x
P/B ratio	6.08x
P/E ratio	44.08x
P/FCF ratio	28.02x
P/OCF ratio	27.47x
P/S ratio	7.34x
Price / tangible book value	7.63x
Price/EBITDA ratio	93.25x
Sector forward P/E	11.95x
Sector P/E	12.95x

Metric

Value

Earnings yield

2.27%

EV/Earnings

43.4x

EV/EBIT

88.6x

EV/EBITDA

81.99x

EV/FCF

25.72x

EV/Sales

6.57x

FCF / EV yield

3.89%

FCF yield

3.57%

Forward P/E

64.63x

Graham number

19.91821

Graham upside

-72.02%

Industry forward P/E

10.13x

Industry P/E

10.18x

P/(FCF - SBC) ratio

39.73x

P/(OCF - SBC) ratio

38.63x

P/B ratio

6.08x

P/E ratio

44.08x

P/FCF ratio

28.02x

P/OCF ratio

27.47x

P/S ratio

7.34x

Price / tangible book value

7.63x

Price/EBITDA ratio

93.25x

Sector forward P/E

11.95x

Sector P/E

12.95x

Metric	Value
EBIT margin	7.42%
EBITDA margin	7.88%
FCF margin	25.58%
Gross margin	22%
Operating margin	7.42%
Pretax margin	13.85%
Profit margin	15.53%
Profit per employee	EUR 359,092
Profitable quarters	4
Revenue per employee	EUR 2.3M
ROA	0.19%
ROA (5Y)	0.08%
ROCE	6.05%
ROE	15.35%
ROIC	11.58%
SBC / revenue	7.72%
Tax / revenue	-1.69%

Metric

Value

EBIT margin

7.42%

EBITDA margin

7.88%

FCF margin

25.58%

Gross margin

22%

Operating margin

7.42%

Pretax margin

13.85%

Profit margin

15.53%

Profit per employee

EUR 359,092

Profitable quarters

Revenue per employee

EUR 2.3M

ROA

0.19%

ROA (5Y)

0.08%

ROCE

6.05%

ROE

15.35%

ROIC

11.58%

SBC / revenue

7.72%

Tax / revenue

-1.69%

Metric	Value
EPS growth (QoQ)	-14.29%
EPS growth quarters	1
EPS growth years	0
FCF growth	51.96%
FCF growth (Q)	110.29%
FCF growth (QoQ)	4,306.11%
Gross profit growth	632.35%
Net income growth (QoQ)	-12.73%
Net income growth quarters	1
Net income growth years	0
OCF growth	48.46%
OCF growth (Q)	109.38%
OCF growth (QoQ)	2,355.06%
Revenue growth	37.19%
Revenue growth (Q)	6.57%
Revenue growth (QoQ)	1.03%
Revenue growth 3Y	258.04%
Revenue growth quarters	6
Revenue growth years	3

Metric

Value

EPS growth (QoQ)

-14.29%

EPS growth quarters

EPS growth years

FCF growth

51.96%

FCF growth (Q)

110.29%

FCF growth (QoQ)

4,306.11%

Gross profit growth

632.35%

Net income growth (QoQ)

-12.73%

Net income growth quarters

Net income growth years

OCF growth

48.46%

OCF growth (Q)

109.38%

OCF growth (QoQ)

2,355.06%

Revenue growth

37.19%

Revenue growth (Q)

6.57%

Revenue growth (QoQ)

1.03%

Revenue growth 3Y

258.04%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	EUR -13.5M
Depreciation and amortization	EUR 11.9M
EBIT	EUR 188.7M
EBITDA	EUR 200.3M
EPS	EUR 1.62
Financing cash flow	EUR 10.5B
Free cash flow	EUR 666.6M
Free cash flow minus SBC	EUR 470.1M
Gross profit	EUR 559.4M
Income taxes	EUR -42.9M
Investing cash flow	EUR -83.3M
Net cash flow	EUR 11.1B
Net income	EUR 395M
Operating cash flow minus SBC	EUR 483.6M
Operating income	EUR 188.7M
Revenue	EUR 2.5B
Stock-based compensation	EUR 196.5M

Metric

Value

Capital expenditures

EUR -13.5M

Depreciation and amortization

EUR 11.9M

EBIT

EUR 188.7M

EBITDA

EUR 200.3M

EPS

EUR 1.62

Financing cash flow

EUR 10.5B

Free cash flow

EUR 666.6M

Free cash flow minus SBC

EUR 470.1M

Gross profit

EUR 559.4M

Income taxes

EUR -42.9M

Investing cash flow

EUR -83.3M

Net cash flow

EUR 11.1B

Net income

EUR 395M

Operating cash flow minus SBC

EUR 483.6M

Operating income

EUR 188.7M

Revenue

EUR 2.5B

Stock-based compensation

EUR 196.5M

Metric	Value
Altman Z-Score	0.28
Book value per share	EUR 12.15
Debt / EBITDA	0.07
Debt / equity	0
Debt / FCF	0.02
Goodwill	EUR 238.4M
Interest coverage	332.15
Long-term assets	EUR -782.1M
Long-term liabilities	EUR -1.6B
Net cash (debt)	EUR 1.5B
Net cash / market cap	8.03%
Net cash growth	91.2%
Net debt / EBITDA	-7.49
Net debt / equity	-0.49
Net debt / FCF	-2.25
Piotroski F-Score	6
Property, plant and equipment	EUR 33.5M
Shareholders' equity	EUR 3.1B
Tangible book value	EUR 2.4B
Tangible book value per share	EUR 9.68
Total assets	EUR 67.5B
Total cash	EUR 1.5B
Total debt	EUR 14M
Total liabilities	EUR 64.5B

Metric

Value

Altman Z-Score

0.28

Book value per share

EUR 12.15

Debt / EBITDA

0.07

Debt / equity

Debt / FCF

0.02

Goodwill

EUR 238.4M

Interest coverage

332.15

Long-term assets

EUR -782.1M

Long-term liabilities

EUR -1.6B

Net cash (debt)

EUR 1.5B

Net cash / market cap

8.03%

Net cash growth

91.2%

Net debt / EBITDA

-7.49

Net debt / equity

-0.49

Net debt / FCF

-2.25

Piotroski F-Score

Property, plant and equipment

EUR 33.5M

Shareholders' equity

EUR 3.1B

Tangible book value

EUR 2.4B

Tangible book value per share

EUR 9.68

Total assets

EUR 67.5B

Total cash

EUR 1.5B

Total debt

EUR 14M

Total liabilities

EUR 64.5B

Metric	Value
Asset turnover	0.04
Current assets	EUR 68.3B
Current liabilities	EUR 66B
Current ratio	1.03
Net working capital	EUR 736.2M
Quick ratio	0.03
Working capital	EUR 2.2B
Working capital turnover	1.23

Metric

Value

Asset turnover

0.04

Current assets

EUR 68.3B

Current liabilities

EUR 66B

Current ratio

1.03

Net working capital

EUR 736.2M

Quick ratio

0.03

Working capital

EUR 2.2B

Working capital turnover

1.23

Metric	Value
Buyback yield / dilution	-265.38%
Shareholder yield	-265.38%

Metric

Value

Buyback yield / dilution

-265.38%

Shareholder yield

-265.38%

Metric	Value
150-day SMA	EUR 82.18
1D price change	-4.24%
1M price change	-18.63%
1M total return	-18.63%
1W price change	-18.63%
1W total return	-18.63%
1Y price change	-42.11%
1Y return CAGR	-42.14%
1Y total return	-42.11%
20-day SMA	EUR 64.81
3M price change	21.81%
3M total return	21.81%
50-day SMA	EUR 77.49
52-week high	EUR 123.00
52-week high date	2025-10-24
52-week low	EUR 43.40
52-week low date	2026-02-06
6M price change	-4.04%
6M total return	-4.04%
All-time high	EUR 252.00
All-time high date	2025-06-23
All-time low	EUR 43.40
All-time low date	2026-02-06
Average true range (ATR)	EUR 5.25
Average volume	247
Change from 52-week high	-42.11%
Change from 52-week low	64.06%
Change from all-time high	-71.75%
Change from all-time low	64.06%
Change from open	0%
Day's gap	-4.24%
High price	EUR 71.20
Low price	EUR 71.20
Monthly RSI	40.95
Open price	EUR 71.20
Previous close	EUR 74.35
Price vs 150-day SMA	-13.36%
Price vs 20-day SMA	9.86%
Price vs 50-day SMA	-8.11%
Relative volume	0.03
RSI	53
Sharpe ratio	0.66
Sortino ratio	1.12
Volume	0
Weekly RSI	49.25
YTD price change	3.19%
YTD total return	3.19%

Metric

Value

150-day SMA

EUR 82.18

1D price change

-4.24%

1M price change

-18.63%

1M total return

-18.63%

1W price change

-18.63%

1W total return

-18.63%

1Y price change

-42.11%

1Y return CAGR

-42.14%

1Y total return

-42.11%

20-day SMA

EUR 64.81

3M price change

21.81%

3M total return

21.81%

50-day SMA

EUR 77.49

52-week high

EUR 123.00

52-week high date

2025-10-24

52-week low

EUR 43.40

52-week low date

2026-02-06

6M price change

-4.04%

6M total return

-4.04%

All-time high

EUR 252.00

All-time high date

2025-06-23

All-time low

EUR 43.40

All-time low date

2026-02-06

Average true range (ATR)

EUR 5.25

Average volume

247

Change from 52-week high

-42.11%

Change from 52-week low

64.06%

Change from all-time high

-71.75%

Change from all-time low

64.06%

Change from open

Day's gap

-4.24%

High price

EUR 71.20

Low price

EUR 71.20

Monthly RSI

40.95

Open price

EUR 71.20

Previous close

EUR 74.35

Price vs 150-day SMA

-13.36%

Price vs 20-day SMA

9.86%

Price vs 50-day SMA

-8.11%

Relative volume

0.03

RSI

Sharpe ratio

0.66

Sortino ratio

1.12

Volume

Weekly RSI

49.25

YTD price change

3.19%

YTD total return

3.19%

Metric	Value
Float	207M
Shares change (QoQ)	0.73%
Shares change (YoY)	265.38%
Shares held by insiders	11.19%
Shares held by institutions	48.88%
Short ratio	2.1 days

Metric

Value

Float

207M

Shares change (QoQ)

0.73%

Shares change (YoY)

265.38%

Shares held by insiders

11.19%

Shares held by institutions

48.88%

Short ratio

2.1 days

MUN/ET9 (MUN/ET9)

Price

Financial snapshot

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Latest news · MUN/ET9

Valuation

Profitability

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All MUN/ET9 indicators

Profile and market data

Valuation

Profitability

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Financial statements

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Dividends and buybacks

Performance and technicals

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Deeper analysis on MUN/ET9

Frequently asked questions