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Stock Comparison · Valuation-led comparison

Carl Zeiss Meditec vs Amplifon S.p.A.: Which Stock Looks Stronger in 2026?

Carl Zeiss Meditec leads structurally, with valuation as the clearest single gap between the two profiles. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (AFX.DE: HDAX, AMP.MI: STOXX 600).

Updated 2026-05-17

Most of the separation is still concentrated in valuation. Carl Zeiss Meditec AG leads by 14 points on the overall comparison score.

Trajectory Similarity
0.70
Moderately similar
Peer-set rank: #9
within Carl Zeiss Meditec AG's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

A moderate similarity means the pair is structurally comparable, but not a near-twin trajectory match.

The strongest overlap appears in capital structure and revenue stability.

Similarity drivers
capital structurerevenue stability
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
AFX.DE
Carl Zeiss Meditec AG
36
Peer-Score
Signal qualitylow
Peer basis: HDAX
vs
AMP.MI
Amplifon S.p.A.
22
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: AFX.DE vs AMP.MI Profitability 23 17 Stability 21 23 Valuation 77 37 Growth 13 7 AFX.DE AMP.MI
Gap Ranking
#1 Valuation +40
#2 Growth +6
#3 Profitability +6
#4 Stability +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for AFX.DE and AMP.MI Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer AFX.DEAMP.MI Relative valuation Structural strength

The two profiles are relatively close, but the price setup still leans toward Carl Zeiss Meditec AG.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where AFX.DE and AMP.MI each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY AFX.DE Lower · below norm 0th 50th 100th 2 pct gap AMP.MI Lower · below norm 0th 50th 100th 2nd 4th
AFX.DE (2nd percentile) and AMP.MI (4th percentile) both sit in the lower portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Carl Zeiss Meditec AG ranks near the top of the group on valuation; Amplifon S.p.A. sits in the weaker half.
Valuation — Dominant Gap
AFX.DE
77
AMP.MI
37
Gap+40in favour of AFX.DE

The multiple-based pricing edge comes from a trailing P/E that is 19.8 turns lower.

What else supports the lead

Carl Zeiss Meditec AG also shows lower market-fundamental divergence, which makes the lead look less detached from the underlying business picture.

What this means for the comparison

The main edge on valuation is clear, but the broader result still comes with a real counterweight.

Explore full peer positioning in AssetNext

Break down the AFX.DE vs AMP.MI comparison across all dimensions with the full interactive tool.

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Similar valuation-driven comparisons

Explore how AFX.DE and AMP.MI each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.