Latest Ratios: P/E Ratio 7.3x · EV/EBITDA 8.0x · ROE 6.5%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $467M | $351M | $502M | $579M | $533M | $802M | $812M | $945M | $725M | $1.4B | $1.4B |
| Enterprise Value | $1.3B | $1.2B | $1.4B | $1.5B | $1.6B | $1.9B | $2.0B | $1.8B | $1.5B | $2.2B | $2.1B |
| P/E Ratio → | 7.33 | 8.48 | — | — | — | 7.87 | 13.00 | 8.83 | 6.78 | 10.25 | 15.00 |
| P/S Ratio | 0.30 | 0.23 | 0.30 | 0.32 | 0.27 | 0.40 | 0.49 | 0.48 | 0.37 | 0.69 | 0.92 |
| P/B Ratio | 0.72 | 0.53 | 0.83 | 0.74 | 0.66 | 0.93 | 1.09 | 1.22 | 0.92 | 1.75 | 2.01 |
| P/FCF | 4.09 | 6.90 | 3.79 | 5.04 | 8.72 | 5.80 | 7.82 | 5.53 | 4.51 | 7.78 | 9.67 |
| P/OCF | 6.80 | 5.10 | 3.39 | 4.50 | 6.87 | 5.03 | 6.81 | 4.64 | 3.72 | 6.60 | 8.59 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.79 | 0.81 | 0.83 | 0.80 | 0.92 | 1.21 | 0.94 | 0.79 | 1.13 | 1.33 |
| EV / EBITDA | 7.97 | 6.67 | 37.42 | 12.66 | 13.69 | 7.91 | 10.95 | 6.90 | 5.98 | 8.64 | 9.85 |
| EV / EBIT | 12.23 | 12.72 | — | 33.61 | 25.84 | 11.87 | 17.08 | 8.90 | 7.74 | 11.09 | 11.92 |
| EV / FCF | — | 23.76 | 10.21 | 13.31 | 25.59 | 13.52 | 19.30 | 10.75 | 9.59 | 12.70 | 14.10 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.8% | 29.8% | 33.3% | 32.6% | 28.4% | 30.4% | 29.7% | 32.4% | 32.3% | 33.7% | 33.1% |
| Operating Margin | 7.1% | 7.1% | -2.2% | 2.4% | 1.8% | 7.5% | 6.8% | 10.0% | 9.6% | 9.5% | 10.2% |
| Net Profit Margin | 2.7% | 2.7% | -6.1% | -1.2% | -0.7% | 5.0% | 3.7% | 5.5% | 5.5% | 6.8% | 6.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 6.5% | -14.6% | -2.7% | -1.6% | 12.7% | 8.2% | 13.7% | 13.6% | 17.8% | 14.8% |
| ROA | 1.8% | 1.8% | -4.2% | -0.8% | -0.4% | 3.3% | 2.1% | 3.8% | 3.8% | 5.4% | 4.8% |
| ROIC | 5.5% | 5.5% | -1.7% | 1.9% | 1.4% | 5.9% | 4.7% | 9.0% | 8.7% | 9.3% | 9.1% |
| ROCE | 6.1% | 6.1% | -1.9% | 2.1% | 1.5% | 6.2% | 4.8% | 8.9% | 8.4% | 9.4% | 9.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.39 | 1.39 | 1.52 | 1.29 | 1.35 | 1.28 | 1.66 | 1.19 | 1.12 | 1.20 | 0.98 |
| Debt / EBITDA | 5.09 | 5.09 | 25.57 | 8.41 | 9.57 | 4.69 | 6.72 | 3.46 | 3.42 | 3.65 | 3.30 |
| Net Debt / Equity | — | 1.29 | 1.40 | 1.21 | 1.27 | 1.24 | 1.61 | 1.16 | 1.03 | 1.11 | 0.92 |
| Net Debt / EBITDA | 4.73 | 4.73 | 23.52 | 7.86 | 9.03 | 4.52 | 6.52 | 3.36 | 3.16 | 3.35 | 3.09 |
| Debt / FCF | — | 16.86 | 6.42 | 8.27 | 16.87 | 7.73 | 11.49 | 5.23 | 5.07 | 4.92 | 4.43 |
| Interest Coverage | 2.07 | 2.07 | -0.66 | 0.78 | 1.33 | 3.41 | 3.03 | 4.78 | 4.83 | 4.85 | 3.54 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.61 | 1.61 | 1.49 | 1.58 | 1.50 | 1.31 | 1.31 | 1.37 | 1.47 | 1.54 | 1.65 |
| Quick Ratio | 0.99 | 0.99 | 0.94 | 0.97 | 0.83 | 0.70 | 0.76 | 0.89 | 0.90 | 1.07 | 1.13 |
| Cash Ratio | 0.14 | 0.14 | 0.15 | 0.12 | 0.11 | 0.06 | 0.07 | 0.05 | 0.11 | 0.14 | 0.11 |
| Asset Turnover | — | 0.68 | 0.75 | 0.69 | 0.70 | 0.66 | 0.54 | 0.70 | 0.70 | 0.70 | 0.75 |
| Inventory Turnover | 3.70 | 3.70 | 4.11 | 3.77 | 3.53 | 3.30 | 3.81 | 4.67 | 3.86 | 5.08 | 4.96 |
| Days Sales Outstanding | — | 86.11 | 76.43 | 85.77 | 71.98 | 74.99 | 78.50 | 84.68 | 80.55 | 87.90 | 91.65 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.7% | 7.7% | 5.7% | 4.9% | 5.4% | 3.2% | 3.0% | 2.6% | 3.5% | — | — |
| Payout Ratio | 65.4% | 65.4% | — | — | — | 25.3% | 39.7% | 22.8% | 23.5% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.6% | 11.8% | — | — | — | 12.7% | 7.7% | 11.3% | 14.7% | 9.8% | 6.7% |
| FCF Yield | 24.4% | 14.5% | 26.4% | 19.8% | 11.5% | 17.3% | 12.8% | 18.1% | 22.2% | 12.9% | 10.3% |
| Buyback Yield | 3.2% | 4.3% | 3.0% | 0.3% | 3.6% | 0.0% | 2.3% | 6.9% | 10.3% | 2.7% | 0.4% |
| Total Shareholder Yield | 8.9% | 12.0% | 8.6% | 5.2% | 9.0% | 3.2% | 5.4% | 9.5% | 13.8% | 2.7% | 0.4% |
| Shares Outstanding | — | $94M | $96M | $95M | $95M | $97M | $96M | $101M | $107M | $111M | $109M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ACCO stock.
ACCO Brands Corporation's current P/E ratio is 7.3x. The historical average is 15.0x. This places it at the 16th percentile of its historical range.
ACCO Brands Corporation's current EV/EBITDA is 8.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
ACCO Brands Corporation's return on equity (ROE) is 6.5%. The historical average is -2.4%.
Based on historical data, ACCO Brands Corporation is trading at a P/E of 7.3x. This is at the 16th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ACCO Brands Corporation's current dividend yield is 5.68% with a payout ratio of 65.4%.
ACCO Brands Corporation has 29.8% gross margin and 7.1% operating margin.
ACCO Brands Corporation's Debt/EBITDA ratio is 5.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Leverage tied to working capital
Metrics are mathematically derived from official filings.
Deep Discount Pricing Reflects Structural Skepticism
Based on reported multiples, ACCO trades at 5.52x forward earnings and 0.72x book value, a discount to Spectrum Brands at 22.46x trailing earnings that markets appear to price as a durable leverage and margin-quality concern.
The gap between trailing P/E of 11.50x and forward P/E of 5.52x implies consensus expects earnings to roughly double, a recovery that rests on the gross margin improvement from 27.2% to 35.7% holding through the coming year. Against peers, ACCO's EV/EBITDA of 7.31x sits below Central Garden at 10.14x, suggesting investors discount the equity for its thin net margin and high leverage rather than for growth. Investors should monitor whether the forward discount narrows only if reported operating income stabilizes, since the market appears unwilling to capitalize the recent gross margin gains at a full multiple.
Gross Margin Gains Outrun Operating Results
According to reported quarterly figures, ACCO's gross margin rose from 27.2% in 2025Q1 to 35.7% in 2026Q3, yet operating margin remained volatile, falling to -3.0% in 2026Q1 before recovering to 8.0%.
The widening spread between gross and operating margin indicates that operating expense absorption, not product pricing, is determining how much of the gross gain reaches earnings. Net margin of 3.0% in 2026Q3 against an operating margin of 8.0% points to a meaningful drag from interest and non-operating items, which limits the translation of gross profit into shareholder returns. Operating margin is the more reliable indicator of true earning power here, given the quarterly swings in net income that appear driven by non-recurring items.
Returns Remain Thin Relative to Capital Base
Based on reported ratios, ACCO's ROIC stayed between -0.5% and 2.4% across the ten quarters, with 2026Q3 at 1.5%, a level that barely exceeds a plausible cost of debt given its leverage.
ROE of 1.7% and ROA of 0.5% in the latest quarter, compared with the 4.7% ROE peak in 2025Q2, suggest returns are not compounding and remain highly sensitive to quarterly earnings noise. Because debt-to-equity sits near 1.4x, equity returns are amplified by leverage yet still low, indicating the core asset base generates limited spread over financing costs. Investors should monitor whether ROIC can sustainably clear the cost of capital, as the historical range suggests returns have hovered near that threshold rather than exceeding it.
Debt Service Comfort Improving but Fragile
According to reported figures, ACCO's interest coverage improved to 2.39x in 2026Q3 from 2.01x to 3.66x in earlier quarters, while debt-to-EBITDA of 20.46x reflects quarterly EBITDA that is thin relative to total debt of $949.3M.
The debt-to-EBITDA figure of 20.46x is a quarterly-annualization artifact in part, but even on a trailing basis net debt near $775M absorbs a large share of operating cash generation. Interest coverage has oscillated sharply, including a negative reading in 2025Q1, so debt service comfort depends heavily on the timing of operating income. Refinancing exposure and covenant headroom are not disclosed in the supplied data, so investors should monitor these items directly rather than infer them from the ratio trend.
Ratio Most Misapplied: Quarterly Debt-to-EBITDA
Based on the supplied ratio series, quarterly debt-to-EBITDA values such as 20.46x and 152.92x are frequently misread as leverage signals, when they mainly reflect EBITDA volatility from working capital timing and non-recurring items.
For a business whose quarterly cash flows swing by over $100M on working capital release, dividing total debt by a single quarter's EBITDA produces figures that bear little relation to sustainable leverage. A trailing twelve-month net debt to adjusted EBITDA, or a normalized figure averaging several quarters, would better reflect the company's capacity to service debt. Investors should monitor the four-quarter trend and the working capital components of cash flow rather than the single-quarter leverage ratio.