FTI Consulting
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
17.9515.86
Price/Sales ratio
1.431.37
Earnings per Share (EPS)
$9.42$10.66

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
26.0921.4321.5815.3916.4118.7718.8721.8622.7124.5728.8816.41
Price/Sales ratio
0.870.791.010.911.211.721.611.851.761.932.241.21
Price/Book Value ratio
1.391.231.521.391.832.732.843.243.183.404.041.83
Price/Cash Flow ratio
11.3310.117.9011.2610.7118.6712.1614.4528.3430.0936.0310.71
Price/Free Cash Flow ratio
15.9613.049.0214.3712.4623.1413.6117.9139.4938.6050.2112.46
Price/Earnings Growth ratio
-0.042.260.740.450.360.4137.061.17-53.161.54-70.920.41
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
34.81%34.15%33.12%32.75%34.50%34.76%32.03%31.00%31.79%32.52%31.79%34.76%
Operating Profit Margin
8.39%9.24%7.85%6.01%11.14%12.98%11.48%11.24%10.03%10.82%10.26%12.98%
Pretax Profit Margin
5.77%5.92%7.05%4.81%10.24%12.26%10.66%10.73%9.83%10.27%9.83%12.26%
Net Profit Margin
3.34%3.71%4.72%5.97%7.42%9.21%8.55%8.46%7.77%7.87%7.77%7.42%
Effective Tax Rate
42.01%37.32%33.08%-23.94%27.51%24.86%19.72%21.13%20.90%23.29%20.90%24.86%
Return on Assets
2.41%2.96%3.84%4.78%6.33%7.78%7.58%7.57%7.26%8.26%7.26%6.33%
Return On Equity
5.33%5.75%7.08%9.05%11.16%14.55%15.04%14.84%14.00%13.87%14.31%11.16%
Return on Capital Employed
7.14%8.74%7.69%5.88%11.91%14.07%13.41%13.09%12.29%15.51%12.57%11.91%
Liquidity Ratios
Current Ratio
2.402.132.061.932.001.921.68N/AN/AN/A1.961.92
Quick Ratio
2.192.001.941.811.881.841.591.821.961.741.851.85
Cash ratio
0.770.430.570.460.640.600.440.680.630.330.630.60
Days of Sales Outstanding
111.31113.04104.73112.21162.53114.28112.24104.07112.60120.11112.60114.28
Days of Inventory outstanding
25.5614.3014.3314.5415.0311.3912.7611.43N/AN/AN/A11.39
Operating Cycle
136.88127.35119.06126.76177.57125.67125.01115.51112.60120.1127.76125.67
Days of Payables Outstanding
2.903.094.754.224.874.362.863.083.583.363.584.36
Cash Conversion Cycle
133.97124.26114.30122.53172.70121.31122.15112.42109.02116.74109.02121.31
Debt Ratios
Debt Ratio
0.290.220.160.170.110.090.100.090.09N/A0.480.11
Debt Equity Ratio
0.640.430.300.330.190.180.200.180.18N/A0.920.19
Long-term Debt to Capitalization
0.380.300.230.240.160.150.160.150.15N/A0.240.16
Total Debt to Capitalization
0.390.300.230.240.160.150.160.150.15N/A0.250.16
Interest Coverage Ratio
2.873.815.814.378.3215.9114.31N/AN/AN/A29.918.32
Cash Flow to Debt Ratio
0.190.280.630.370.860.791.141.190.59N/A0.330.79
Company Equity Multiplier
2.201.941.841.891.761.861.981.951.921.671.921.76
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.070.070.120.080.110.090.130.120.060.060.060.09
Free Cash Flow / Operating Cash Flow Ratio
0.710.770.870.780.860.800.890.800.710.770.710.80
Cash Flow Coverage Ratio
0.190.280.630.370.860.791.141.190.59N/A0.330.79
Short Term Coverage Ratio
12.30N/AN/AN/AN/AN/AN/AN/AN/AN/A5.91N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A