Cardinal Health
Financial ratios & Valuation

Forward Multiples (2026 – 2028)

202620272028
Price/Earnings ratio
21.8019.4014.85
Price/Sales ratio
0.180.170.15
Earnings per Share (EPS)
$6.83$7.68$10.03

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
22.8517.8719.1759.7010.46-4.1427.28-15.6494.5728.1122.9210.46
Price/Sales ratio
0.270.200.190.110.090.090.100.080.120.100.120.09
Price/Book Value ratio
4.433.893.622.522.258.539.29-20.65-8.65-7.45-8.838.53
Price/Cash Flow ratio
10.938.5820.865.525.247.806.864.678.696.3618.445.24
Price/Free Cash Flow ratio
12.3910.1730.996.415.959.648.215.3310.467.3627.175.95
Price/Earnings Growth ratio
3.250.93-2.78-0.740.020.01-0.230.06-0.720.117.690.02
Dividend Yield
1.65%2.00%2.33%3.80%4.04%3.72%3.43%3.83%2.12%2.08%1.26%3.72%
Profitability Indicator Ratios
Gross Profit Margin
5.57%5.38%5.03%5.24%4.69%4.49%4.17%3.60%3.36%3.26%3.31%4.49%
Operating Profit Margin
2.10%2.02%1.63%0.09%1.41%1.15%1.13%0.90%0.35%0.54%0.97%1.15%
Pretax Profit Margin
1.91%1.87%1.48%-0.16%1.20%-2.46%0.19%-0.42%0.31%0.52%0.78%0.78%
Net Profit Margin
1.18%1.17%0.99%0.18%0.93%-2.41%0.37%-0.51%0.12%0.37%0.56%0.56%
Effective Tax Rate
38.38%37.12%32.74%213.59%22.04%2.09%-89.47%-21.19%58.93%28.97%28.36%22.04%
Return on Assets
4.03%4.18%3.21%0.64%3.32%-9.05%1.37%-2.12%0.60%1.88%2.93%2.93%
Return On Equity
19.42%21.77%18.91%4.22%21.53%-206.08%34.05%132.01%-9.15%-26.51%-38.26%-206.08%
Return on Capital Employed
16.75%17.05%11.22%0.73%12.22%10.33%10.93%12.36%7.48%13.11%26.04%12.22%
Liquidity Ratios
Current Ratio
1.261.111.331.071.061.091.12N/AN/AN/A0.941.09
Quick Ratio
0.720.570.800.530.530.530.590.560.530.550.490.53
Cash ratio
0.260.110.320.070.100.110.120.150.110.140.080.11
Days of Sales Outstanding
23.2222.2322.6020.8121.1819.7220.4521.2519.7719.4619.1519.72
Days of Inventory outstanding
34.7233.6933.4134.6533.7432.9834.2132.6429.3624.8826.2632.98
Operating Cycle
57.9455.9256.0155.4654.9252.7054.6653.9049.1444.3445.4152.70
Days of Payables Outstanding
54.1654.9252.9455.4056.6753.4155.5656.6355.1452.8351.0653.41
Cash Conversion Cycle
3.771.003.060.06-1.74-0.70-0.89-2.73-6.00-8.48-5.64-0.70
Debt Ratios
Debt Ratio
0.180.160.250.220.190.160.140.120.100.110.110.16
Debt Equity Ratio
0.870.841.521.481.263.783.47-7.52-1.64-1.58-1.573.78
Long-term Debt to Capitalization
0.450.430.570.560.540.790.741.173.693.224.460.54
Total Debt to Capitalization
0.460.450.600.590.550.790.771.152.542.702.730.55
Interest Coverage Ratio
15.5313.6811.155.705.897.449.96N/AN/AN/A29.905.89
Cash Flow to Debt Ratio
0.460.530.110.300.330.280.380.580.600.730.300.28
Company Equity Multiplier
4.815.205.896.596.4722.7424.77-62.15-15.22-14.04-13.1322.74
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.020.020.000.020.010.010.010.010.010.010.000.01
Free Cash Flow / Operating Cash Flow Ratio
0.880.840.670.860.870.800.830.870.830.860.670.80
Cash Flow Coverage Ratio
0.460.530.110.300.330.280.380.580.600.730.300.28
Short Term Coverage Ratio
9.035.060.892.766.021962.785.383.588.661.67196
Dividend Payout Ratio
37.86%35.87%44.79%226.95%42.33%-15.40%93.78%-59.97%201.14%58.56%39.27%39.27%