The Carlyle Group
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
13.8116.52
Price/Sales ratio
4.854.39
Earnings per Share (EPS)
$4.51$3.77

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
21.94-56.95183.079.3815.313.0631.646.558.80-24.17154.4315.31
Price/Sales ratio
0.710.440.760.990.981.345.873.523.215.564.060.98
Price/Book Value ratio
0.200.150.800.770.625.864.093.691.732.832.860.62
Price/Cash Flow ratio
0.710.24-3.89-322.67-5.1910.11-65.1210.88-28.4271.7612.80-5.19
Price/Free Cash Flow ratio
0.710.24-3.59-55.74-4.7610.96-47.8211.14-10.38106.3213.66-4.76
Price/Earnings Growth ratio
-0.550.47-1.410.00-0.250.00-0.340.00-0.140.16-10.020.00
Dividend Yield
5.45%26.38%12.02%5.41%8.59%4.75%3.18%1.82%4.11%3.38%2.75%4.75%
Profitability Indicator Ratios
Gross Profit Margin
16.79%21.34%-0.35%6.35%-16.70%76.53%46.99%10.66%-47.23%35.55%24.00%-16.70%
Operating Profit Margin
44.72%-0.34%-0.72%-3.09%21.81%15.90%29.06%71.53%51.39%N/A-9.66%15.90%
Pretax Profit Margin
37.83%19.32%2.94%49.00%19.91%45.63%30.90%72.80%46.86%-22.73%6.38%45.63%
Net Profit Margin
3.27%-0.78%0.41%10.56%6.44%43.82%18.55%53.77%36.50%-23.01%2.62%43.82%
Effective Tax Rate
7.74%0.51%66.22%11.03%8.68%3.97%34%24.38%18.30%17.34%32.24%8.68%
Return on Assets
0.19%-0.04%0.05%1.71%0.78%8.57%2.22%13.99%5.72%-2.87%0.51%8.57%
Return On Equity
0.94%-0.27%0.44%8.27%4.10%191.46%12.94%56.34%19.69%-11.71%2.10%191.46%
Return on Capital Employed
2.64%-0.01%-0.10%-0.50%2.75%3.19%3.55%18.95%8.24%N/A-1.96%3.19%
Liquidity Ratios
Current Ratio
0.130.150.170.180.112.05N/AN/AN/AN/A3.560.11
Quick Ratio
15.5429.4616.63-45.05-7.88-10.96-17.36-21.43-14.745.123.56-7.88
Cash ratio
29.8063.6726.5216.781.982.583.966.893.164.292.291.98
Days of Sales Outstanding
27.7633.6553.9540.61116.3447.0470.3234.2074.1195.5061.7561.75
Days of Inventory outstanding
27.4231.4634.40836.08854.662.96K2.37K832.75692.26N/AN/A2.96K
Operating Cycle
55.1965.1288.36876.69971.003.01K2.44K866.95766.3895.5061.753.01K
Days of Payables Outstanding
4.363.173.4559.89N/A204.28105.0528.0427.27N/AN/A204.28
Cash Conversion Cycle
50.8261.9484.91816.79971.002.80K2.33K838.90739.1095.5061.752.80K
Debt Ratios
Debt Ratio
0.390.480.460.41N/AN/AN/AN/A0.40N/AN/AN/A
Debt Equity Ratio
1.903.003.581.99N/AN/AN/AN/A1.39N/AN/AN/A
Long-term Debt to Capitalization
0.650.750.780.66N/AN/AN/AN/A0.58N/AN/AN/A
Total Debt to Capitalization
0.650.750.780.66N/AN/AN/AN/A0.58N/AN/AN/A
Interest Coverage Ratio
1.88-7.960.5215.934.32-52.60N/AN/AN/AN/A-0.76-52.60
Cash Flow to Debt Ratio
0.150.21-0.05-0.00N/AN/AN/AN/A-0.04N/AN/AN/A
Company Equity Multiplier
4.876.207.644.815.2022.325.814.023.444.073.5722.32
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
1.001.84-0.19-0.00-0.180.13-0.090.32-0.110.070.31-0.18
Free Cash Flow / Operating Cash Flow Ratio
0.980.981.085.781.090.921.360.972.730.670.930.92
Cash Flow Coverage Ratio
0.150.21-0.05-0.00N/AN/AN/AN/A-0.04N/AN/AN/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
119.69%-1502.99%2201.56%50.83%131.67%14.57%100.89%11.96%36.21%-81.80%535.91%131.67%