Elbit Systems Ltd.
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
53.9751.48
Price/Sales ratio
2.832.82
Earnings per Share (EPS)
$8.35$8.76

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
15.1518.6218.3823.8523.5729.7924.3228.0526.3943.9843.8223.57
Price/Sales ratio
0.871.211.331.681.321.501.231.451.311.581.741.32
Price/Book Value ratio
2.112.702.793.332.663.172.603.042.633.233.722.66
Price/Cash Flow ratio
14.568.6720.9356.5225.43-127.3420.7318.4630.2883.2228.8225.43
Price/Free Cash Flow ratio
24.2911.2351.98-816.2254.55-35.5639.4233.71207.98-129.0457.7354.55
Price/Earnings Growth ratio
-1.931.021.0826.42-1.752.723.342.34-3.27-2.4117.96-1.75
Dividend Yield
2.63%1.84%1.57%1.32%1.54%0.87%1.44%1.06%1.14%0.94%0.74%0.87%
Profitability Indicator Ratios
Gross Profit Margin
27.89%28.86%29.43%29.54%26.50%25.20%24.98%25.72%24.91%24.82%23.88%25.20%
Operating Profit Margin
8.34%8.64%9.17%9.45%7.94%7.13%6.98%7.92%6.66%6.17%6.33%7.13%
Pretax Profit Margin
6.74%7.99%8.56%8.43%6.44%5.46%5.61%7.26%5.30%3.85%4.19%5.46%
Net Profit Margin
5.77%6.51%7.26%7.07%5.61%5.05%5.09%5.19%4.99%3.60%3.97%5.05%
Effective Tax Rate
12.84%18.60%16.33%19.51%11.14%7.88%13.91%34.26%8.24%9.95%10.98%7.88%
Return on Assets
4.25%4.90%5.44%5.07%3.20%3.10%2.94%2.94%2.98%2.20%2.40%3.10%
Return On Equity
13.93%14.52%15.18%13.99%11.28%10.64%10.71%10.83%9.99%7.35%8.71%10.64%
Return on Capital Employed
10.29%10.79%12.32%12.15%8.27%7.72%7.34%7.90%7.44%7.50%7.85%7.72%
Liquidity Ratios
Current Ratio
1.381.391.271.241.121.151.17N/AN/AN/A1.141.12
Quick Ratio
0.870.880.830.810.730.770.810.820.720.660.630.77
Cash ratio
0.120.180.110.070.070.060.070.060.040.040.020.06
Days of Sales Outstanding
140.84119.28145.91183.90169.72167.41197.23191.54180.02172.10189.85169.72
Days of Inventory outstanding
140.40138.22133.30138.48153.95132.05137.41155.52171.66186.73205.96153.95
Operating Cycle
281.24257.50279.22322.39323.67299.46334.65347.07351.69358.83395.81323.67
Days of Payables Outstanding
63.2557.3581.5697.18104.62100.27105.1195.3094.18101.9095.63100.27
Cash Conversion Cycle
217.99200.15197.65225.20219.05199.19229.53251.76257.51256.92300.18219.05
Debt Ratios
Debt Ratio
0.140.120.090.090.120.110.090.100.090.100.090.11
Debt Equity Ratio
0.480.360.250.260.430.390.330.390.310.350.340.39
Long-term Debt to Capitalization
0.290.210.090.120.220.170.150.250.190.110.090.17
Total Debt to Capitalization
0.320.260.200.200.300.280.250.280.240.260.250.28
Interest Coverage Ratio
18.1922.7922.1218.4310.3511.4013.60N/AN/AN/A2.7111.40
Cash Flow to Debt Ratio
0.290.850.510.220.24-0.060.370.420.270.100.370.24
Company Equity Multiplier
3.272.952.782.753.523.423.633.683.343.333.533.52
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.060.130.060.020.05-0.010.050.070.040.010.060.05
Free Cash Flow / Operating Cash Flow Ratio
0.590.770.40-0.060.463.580.520.540.14-0.640.490.46
Cash Flow Coverage Ratio
0.290.850.510.220.24-0.060.370.420.270.100.370.24
Short Term Coverage Ratio
2.153.830.880.500.70-0.130.843.921.250.170.51-0.13
Dividend Payout Ratio
39.93%34.46%28.89%31.49%36.42%26.13%35.24%29.99%30.09%41.48%34.55%34.55%