Universal
Financial ratios & Valuation

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
9.4711.8215.5911.6014.1415.4016.6316.6110.5610.5911.0915.40
Price/Sales ratio
0.470.600.800.600.660.570.730.680.500.460.470.57
Price/Book Value ratio
0.790.911.280.911.100.881.111.070.930.880.950.88
Price/Cash Flow ratio
4.797.016.6214.728.95101.356.5932.04-124.11-16.98-40.73101.35
Price/Free Cash Flow ratio
6.469.447.7224.9111.71-45.399.42-172.82-20.08-9.01-12.90-12.90
Price/Earnings Growth ratio
-0.37-3.01-0.190.03-14.78-0.500.70-11.790.24-2.655.20-14.78
Dividend Yield
5.72%4.82%3.67%4.46%4.74%6.82%5.16%5.31%5.90%6.18%5.92%4.74%
Profitability Indicator Ratios
Gross Profit Margin
18.05%19.21%19.05%18.28%18.25%18.68%19.46%19.43%17.83%19.21%19.21%18.25%
Operating Profit Margin
7.38%8.56%8.61%8.43%7.23%6.61%7.45%7.62%7.04%8.07%7.90%7.23%
Pretax Profit Margin
6.97%8.13%8.17%8.19%6.79%5.93%6.33%6.76%5.52%5.96%5.96%5.93%
Net Profit Margin
5.04%5.14%5.13%5.19%4.67%3.75%4.40%4.11%4.82%4.35%4.30%4.30%
Effective Tax Rate
23.98%31.53%33.52%30.30%27.21%31.14%23.39%27.17%8.26%18.95%19.73%31.14%
Return on Assets
5.21%4.88%5.00%4.87%4.88%3.37%3.73%3.34%4.70%4.07%4.01%4.01%
Return On Equity
8.41%7.70%8.26%7.87%7.78%5.74%6.68%6.45%8.87%8.32%8.61%7.78%
Return on Capital Employed
8.70%9.14%9.61%9.02%8.57%6.81%7.21%7.75%8.24%9.97%10.22%8.57%
Liquidity Ratios
Current Ratio
6.036.655.825.936.255.535.30N/AN/AN/A2.595.53
Quick Ratio
3.453.813.463.133.502.512.621.401.730.980.952.51
Cash ratio
0.911.291.050.871.170.400.670.150.140.070.120.40
Days of Sales Outstanding
70.0974.1877.8368.0465.4067.3067.7367.6658.8470.4664.1367.30
Days of Inventory outstanding
136.99148.72138.03164.43140.18189.54179.74218.97179.21230.65222.08140.18
Operating Cycle
207.08222.91215.86232.47205.58256.85247.48286.63238.05301.11286.22205.58
Days of Payables Outstanding
28.1127.4534.9939.4929.1920.5032.1636.2815.3918.1312.7420.50
Cash Conversion Cycle
178.97195.45180.87192.97176.39236.34215.31250.34222.66282.98273.48176.39
Debt Ratios
Debt Ratio
0.190.190.200.190.190.210.260.270.310.350.390.19
Debt Equity Ratio
0.310.300.330.300.310.360.470.530.580.720.840.31
Long-term Debt to Capitalization
0.210.200.220.210.210.220.280.270.300.300.300.21
Total Debt to Capitalization
0.230.230.240.230.240.260.320.340.370.420.450.24
Interest Coverage Ratio
10.0911.7411.2210.9710.366.746.66N/AN/AN/A3.126.74
Cash Flow to Debt Ratio
0.520.420.580.200.380.020.350.06-0.01-0.07-0.020.02
Company Equity Multiplier
1.611.571.651.611.591.701.791.921.882.042.141.59
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.090.080.120.040.070.000.110.02-0.00-0.02-0.010.00
Free Cash Flow / Operating Cash Flow Ratio
0.740.740.850.590.76-2.230.69-0.186.171.883.130.76
Cash Flow Coverage Ratio
0.520.420.580.200.380.020.350.06-0.01-0.07-0.020.02
Short Term Coverage Ratio
3.782.774.231.833.040.122.010.23-0.05-0.17-0.050.12
Dividend Payout Ratio
54.23%56.99%57.27%51.76%67.11%105.14%86.00%88.28%62.38%65.55%64.58%105.14%