Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
49.3445.53
Price/Sales ratio
3.403.38
Earnings per Share (EPS)
$13.86$15.02

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
27.8721.5519.1529.4014.3916.0612.8125.0416.8122.7632.9114.39
Price/Sales ratio
0.450.670.760.900.740.700.671.160.991.412.350.74
Price/Book Value ratio
2.093.063.303.883.263.132.764.454.135.769.703.26
Price/Cash Flow ratio
15.1010.8713.6314.2411.0412.936.7119.9213.7111.5118.9811.04
Price/Free Cash Flow ratio
27.5013.8018.2920.6713.5516.657.3322.7416.3313.5121.4713.55
Price/Earnings Growth ratio
-1.690.180.60-1.960.136.950.39-6.430.220.717.240.13
Dividend Yield
1.31%0.87%0.82%0.67%0.75%0.79%0.80%0.48%0.48%0.41%0.27%0.79%
Profitability Indicator Ratios
Gross Profit Margin
17.70%20.12%21.04%20.48%20.44%19.19%19.14%18.32%17.91%19.02%19.72%19.72%
Operating Profit Margin
2.99%5.69%6.21%5.55%6.88%6.25%4.50%6.13%4.13%8.03%9.83%6.88%
Pretax Profit Margin
2.85%5.60%6.18%5.64%6.81%5.80%6.70%6.19%5.69%7.45%9.08%6.81%
Net Profit Margin
1.63%3.12%3.97%3.09%5.17%4.37%5.25%4.66%5.94%6.21%7.18%5.17%
Effective Tax Rate
28.87%35.21%35.78%45.24%24.06%24.65%21.61%24.66%-4.27%16.69%20.95%24.65%
Return on Assets
3.46%7.13%9.15%6.27%10.62%7.59%8.54%6.48%9.46%9.78%10.60%10.60%
Return On Equity
7.53%14.23%17.23%13.22%22.66%19.53%21.55%17.79%24.59%25.30%32.73%22.66%
Return on Capital Employed
11.02%23.31%25.96%19.56%25.22%18.24%12.08%13.72%11.98%26.40%32.32%25.22%
Liquidity Ratios
Current Ratio
1.461.381.301.301.301.291.17N/AN/AN/A1.041.29
Quick Ratio
1.431.361.281.281.271.281.151.201.081.071.021.28
Cash ratio
0.110.180.100.090.090.080.070.070.040.110.170.09
Days of Sales Outstanding
89.7069.7575.7584.3088.4199.7887.36109.60102.85111.18113.6688.41
Days of Inventory outstanding
2.712.292.602.642.601.732.123.173.795.673.882.60
Operating Cycle
92.4172.0578.3586.9591.02101.5189.49112.78106.64116.86117.5591.02
Days of Payables Outstanding
33.3930.8429.2633.8937.0233.8832.2637.0436.2336.3542.1037.02
Cash Conversion Cycle
59.0241.2049.0953.0653.9967.6357.2375.7370.4180.5075.4453.99
Debt Ratios
Debt Ratio
0.050.010.000.060.070.150.130.170.090.010.010.15
Debt Equity Ratio
0.130.030.000.140.150.380.330.480.250.030.040.38
Long-term Debt to Capitalization
0.110.020.000.120.120.250.250.320.190.020.030.25
Total Debt to Capitalization
0.110.030.000.120.130.270.250.320.200.030.040.27
Interest Coverage Ratio
22.66124.3576.3144.7652.3219.2326.98N/AN/AN/A117.1552.32
Cash Flow to Debt Ratio
1.068.6933.541.881.910.621.210.461.1714.4611.871.91
Company Equity Multiplier
2.171.991.882.102.132.572.522.742.592.582.772.13
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.030.060.050.060.060.050.100.050.070.120.120.06
Free Cash Flow / Operating Cash Flow Ratio
0.540.780.740.680.810.770.910.870.830.850.880.81
Cash Flow Coverage Ratio
1.068.6933.541.881.910.621.210.461.1714.4611.871.91
Short Term Coverage Ratio
134.23130.31119.51186.1144.886.82N/A64.6133.50131.40134.2344.88
Dividend Payout Ratio
36.61%18.95%15.81%19.87%10.86%12.72%10.32%12.12%8.16%9.39%8.38%12.72%