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Stock Comparison · Structural lead, mixed market

Fresenius Medical Care vs Wendel: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Fresenius Medical Care carrying a narrow edge on valuation. The remaining gap is narrow enough that the comparison remains open to different readings. The market setup is currently leaning toward Wendel, which does not confirm the structural lead. That leaves a split case: the structural lead stays with Fresenius Medical Care, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-05-17

The clearest score difference appears in valuation.

Trajectory Similarity
0.69
Moderately similar
Peer-set rank: #73
within Fresenius Medical Care AG's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

The strongest overlap appears in margin consistency and investment intensity.

Similarity drivers
margin consistencyinvestment intensity
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
FME.DE
Fresenius Medical Care AG
47
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
MF.PA
Wendel
45
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

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

The largest gaps do not all point in the same direction.

Dimension spread: FME.DE vs MF.PA Profitability 25 24 Stability 51 42 Valuation 85 68 Growth 18 FME.DE MF.PA
Gap Ranking
#1 Valuation +17
#2 Stability +9
#3 Profitability +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for FME.DE and MF.PA Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer FME.DEMF.PA Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Wendel.

Valuation position uses peer-relative PE percentile (idx_pct_pe) and Forward P/E where available.

Entry today — historical context

Where FME.DE and MF.PA each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY FME.DE Neutral · below norm 0th 50th 100th 46 pct gap MF.PA Elevated · near norm 0th 50th 100th 34th 80th
Today FME.DE sits in the lower-middle of its own 5-year history (34th percentile), while MF.PA sits higher in its own history (80th). Within each stock's own 5-year context, FME.DE is at a historically more favourable entry position than MF.PA. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

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

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but Fresenius Medical Care AG still sits higher.
Stability
On stability, the same pattern holds: both rank well, but Fresenius Medical Care AG still sits higher.
Valuation — Dominant Gap
FME.DE
85
MF.PA
68
Gap+17in favour of FME.DE

The multiple-based pricing edge comes from a forward P/E that is 9.5 turns lower.

What keeps the gap from being one-sided

Stability is the one area where Wendel still pushes back materially — it is the steadier name on this dimension, which keeps the result from reading as one-way.

What this means for the comparison

The lead is built on both valuation and stability, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the FME.DE vs MF.PA comparison across all dimensions with the full interactive tool.

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Similar valuation-and-stability comparisons

Explore how FME.DE and MF.PA 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.