Zoetis
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
25.8323.6819.8318.03
Price/Sales ratio
7.567.116.646.29
Earnings per Share (EPS)
$6.03$6.58$7.86$8.64

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
36.9870.6332.3240.8428.9342.1848.0456.8232.5038.8330.6728.93
Price/Sales ratio
4.505.025.426.657.0910.1011.7814.888.5010.658.117.09
Price/Book Value ratio
16.4422.4217.8419.9318.9123.3620.8725.4715.5918.2114.2423.36
Price/Cash Flow ratio
34.4436.0637.2126.2223.0835.2537.0152.3035.9338.6825.3123.08
Price/Free Cash Flow ratio
50.0254.4253.3931.4528.4547.4047.0366.6751.8256.1532.1728.45
Price/Earnings Growth ratio
2.49-1.700.226.780.426.935.022.296.333.071.560.42
Dividend Yield
0.67%0.70%0.70%0.58%0.58%0.49%0.48%0.40%0.88%0.76%1.04%0.58%
Profitability Indicator Ratios
Gross Profit Margin
64.11%63.52%65.91%66.55%67.19%68.17%69.18%70.38%69.62%68.28%68.87%67.19%
Operating Profit Margin
20.25%22.45%28.58%32.50%32.29%33.14%34.27%35.42%35.74%35.91%36.45%32.29%
Pretax Profit Margin
17.13%11.43%25.12%28.73%29.01%28.77%29.90%31.99%32.87%34.36%33.33%29.01%
Net Profit Margin
12.18%7.11%16.79%16.28%24.51%23.96%24.53%26.19%26.16%27.43%26.55%24.51%
Effective Tax Rate
28.41%37.79%33.30%43.47%15.73%16.71%18.03%18.24%20.51%20.29%20.09%15.73%
Return on Assets
8.82%4.28%10.73%10.06%13.25%12.99%12.03%14.65%14.16%16.40%16.92%13.25%
Return On Equity
44.46%31.74%55.21%48.81%65.35%55.39%43.45%44.83%47.99%46.90%47.98%55.39%
Return on Capital Employed
17.55%17.44%21.38%23.02%19.68%21.30%20.00%22.76%24.56%24.75%26.36%19.68%
Liquidity Ratios
Current Ratio
3.192.153.033.853.592.623.04N/AN/AN/A3.693.59
Quick Ratio
2.001.321.692.552.451.842.292.781.622.002.271.84
Cash ratio
0.810.640.651.421.301.061.651.931.121.081.001.06
Days of Sales Outstanding
74.7571.7768.1768.6364.9163.3255.3953.1854.8855.7056.2763.32
Days of Inventory outstanding
274.01308.08329.06293.43265.68258.35288.87304.77348.78345.33309.52265.68
Operating Cycle
348.77379.86397.24362.07330.59321.67344.26357.95403.67401.04365.79330.59
Days of Payables Outstanding
61.6461.5358.0553.6759.7855.1581.0969.1060.2355.3551.7555.15
Cash Conversion Cycle
287.12318.32339.18308.40270.81266.52263.17288.85343.43345.68314.04270.81
Debt Ratios
Debt Ratio
0.550.610.580.570.590.550.520.470.520.450.450.55
Debt Equity Ratio
2.784.553.002.792.952.381.911.451.791.311.252.38
Long-term Debt to Capitalization
0.730.800.750.730.740.680.630.590.590.560.550.68
Total Debt to Capitalization
0.730.820.750.730.740.700.650.590.640.560.550.70
Interest Coverage Ratio
8.288.628.419.859.139.04-8.64N/AN/AN/A13.849.13
Cash Flow to Debt Ratio
0.170.130.150.270.270.270.290.330.240.350.440.27
Company Equity Multiplier
5.037.405.144.854.934.263.613.053.382.852.744.26
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.130.130.140.250.300.280.310.280.230.270.320.30
Free Cash Flow / Operating Cash Flow Ratio
0.680.660.690.830.810.740.780.780.690.680.780.74
Cash Flow Coverage Ratio
0.170.130.150.270.270.270.290.330.240.350.440.27
Short Term Coverage Ratio
89.421.63N/AN/A198.883.593.51N/A1.41784.33N/A3.59
Dividend Payout Ratio
25.04%49.55%22.89%23.84%17.01%20.93%23.19%23.26%28.90%29.52%31.44%17.01%