Latest Ratios: P/E Ratio -73.0x · EV/EBITDA 3.9x · ROE -0.8%. (2014–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.3B | $1.3B | $2.0B | $2.0B | $3.5B | $2.6B | $4.0B | $1.6B | $2.1B | $3.7B | $7.9B |
| Enterprise Value | $2.7B | $2.8B | $3.4B | $3.5B | $4.9B | $4.3B | $6.1B | $4.2B | $5.0B | $6.4B | $10.7B |
| P/E Ratio → | -72.96 | — | — | 112.85 | 17.07 | — | 3.58 | — | — | — | 8.99 |
| P/S Ratio | 0.08 | 0.09 | 0.14 | 0.14 | 0.23 | 0.19 | 0.29 | 0.13 | 0.13 | 0.21 | 0.49 |
| P/B Ratio | 0.63 | 0.65 | 0.93 | 0.80 | 1.35 | 1.09 | 1.34 | 1.03 | 0.96 | 1.33 | 1.71 |
| P/FCF | 5.61 | 5.90 | 9.80 | 7.34 | 8.44 | 55.97 | — | — | — | 25.65 | 46.67 |
| P/OCF | 2.40 | 2.46 | 4.45 | 3.75 | 5.25 | 9.60 | 15.26 | 6.61 | 6.98 | 5.40 | 10.57 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.18 | 0.24 | 0.24 | 0.32 | 0.30 | 0.45 | 0.33 | 0.30 | 0.37 | 0.66 |
| EV / EBITDA | 3.88 | 3.92 | 4.50 | 4.64 | 6.01 | 7.62 | 9.92 | 11.34 | 7.49 | — | 7.30 |
| EV / EBIT | 7.32 | 7.40 | 30.42 | 10.78 | 10.09 | 16.84 | 3.62 | — | 29.37 | — | 8.98 |
| EV / FCF | — | 12.51 | 16.85 | 12.61 | 11.87 | 90.67 | — | — | — | 44.83 | 63.05 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 6.3% | 6.3% | 6.6% | 6.3% | 6.7% | 5.7% | 6.0% | 4.7% | 4.8% | 5.2% | 8.7% |
| Operating Margin | 2.5% | 2.5% | 3.0% | 2.9% | 3.1% | 1.5% | 2.1% | 0.3% | 2.1% | -6.1% | 6.8% |
| Net Profit Margin | -0.1% | -0.1% | -1.9% | 0.1% | 1.3% | -0.8% | 8.1% | -3.8% | -2.5% | -9.7% | 5.4% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.8% | -0.8% | -12.0% | 0.7% | 8.2% | -4.5% | 48.9% | -25.5% | -16.3% | -45.6% | 19.5% |
| ROA | -0.2% | -0.2% | -3.1% | 0.2% | 2.2% | -1.2% | 10.5% | -4.7% | -3.8% | -14.0% | 6.7% |
| ROIC | 7.9% | 7.9% | 8.7% | 7.9% | 8.9% | 3.4% | 4.6% | 0.7% | 4.9% | -12.4% | 10.9% |
| ROCE | 7.2% | 7.2% | 8.0% | 7.4% | 8.4% | 3.2% | 4.2% | 0.6% | 5.2% | -13.6% | 12.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.17 | 1.17 | 1.11 | 0.95 | 0.97 | 1.07 | 1.25 | 2.73 | 1.67 | 1.24 | 0.75 |
| Debt / EBITDA | 3.32 | 3.32 | 3.14 | 3.19 | 3.10 | 4.61 | 5.97 | 11.52 | 5.64 | — | 2.38 |
| Net Debt / Equity | — | 0.73 | 0.67 | 0.58 | 0.55 | 0.67 | 0.74 | 1.66 | 1.26 | 0.99 | 0.60 |
| Net Debt / EBITDA | 2.07 | 2.07 | 1.88 | 1.94 | 1.74 | 2.92 | 3.51 | 6.99 | 4.24 | — | 1.90 |
| Debt / FCF | — | 6.60 | 7.05 | 5.27 | 3.43 | 34.70 | — | — | — | 19.18 | 16.38 |
| Interest Coverage | 1.82 | 1.82 | 0.55 | 1.70 | 2.40 | 1.35 | 6.57 | -0.00 | 0.85 | -6.80 | 6.90 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.09 | 1.09 | 1.12 | 1.11 | 1.15 | 1.19 | 1.45 | 1.17 | 1.07 | 1.03 | 1.04 |
| Quick Ratio | 0.90 | 0.90 | 0.93 | 0.90 | 0.93 | 0.92 | 1.17 | 0.99 | 0.87 | 0.83 | 0.87 |
| Cash Ratio | 0.24 | 0.24 | 0.26 | 0.26 | 0.30 | 0.27 | 0.43 | 0.44 | 0.24 | 0.16 | 0.16 |
| Asset Turnover | — | 1.72 | 1.62 | 1.57 | 1.63 | 1.54 | 1.27 | 1.23 | 1.60 | 1.59 | 1.23 |
| Inventory Turnover | 20.59 | 20.59 | 19.53 | 18.15 | 17.08 | 13.97 | 13.17 | 17.63 | 19.83 | 20.06 | 20.14 |
| Days Sales Outstanding | — | 47.53 | 47.03 | 47.12 | 44.43 | 47.87 | 38.05 | 47.27 | 42.07 | 43.76 | 50.07 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 4.4% | 1.2% | 2.8% | 0.7% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 5.9% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 0.9% | 5.9% | — | 27.9% | — | — | — | 11.1% |
| FCF Yield | 17.8% | 16.9% | 10.2% | 13.6% | 11.9% | 1.8% | — | — | — | 3.9% | 2.1% |
| Buyback Yield | 7.8% | 7.6% | 6.3% | 13.5% | 1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% |
| Total Shareholder Yield | 7.8% | 7.6% | 6.3% | 13.5% | 1.9% | 0.0% | 0.0% | 4.4% | 1.2% | 2.8% | 1.2% |
| Shares Outstanding | — | $78M | $83M | $90M | $95M | $95M | $96M | $94M | $94M | $93M | $94M |
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying ADNT stock.
Adient plc's current P/E ratio is -73.0x. The historical average is 35.6x.
Adient plc's current EV/EBITDA is 3.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.0x.
Adient plc's return on equity (ROE) is -0.8%. The historical average is -3.4%.
Based on historical data, Adient plc is trading at a P/E of -73.0x. Compare with industry peers and growth rates for a complete picture.
Adient plc has 6.3% gross margin and 2.5% operating margin.
Adient plc's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Persistent negative net margins
Metrics are mathematically derived from official filings.
Margins Trapped in Low Single Digits
Gross margin has hovered between 5.6% and 7.2% over the past ten quarters, with Q3 2026 at 6.0%, reflecting a pass-through cost structure and limited pricing power, as per financial statements.
The gross margin of 6.0% in Q3 2026 is consistent with the prior ten-quarter range, indicating that Adient's cost-plus model with OEMs leaves little room for value capture. Operating margin at 2.9% is similarly narrow, suggesting that even minor volume or mix shifts can disproportionately impact profitability. The negative net margin of -1.9% on a TTM basis, despite positive operating income, implies that below-the-line items such as interest and restructuring charges are eroding earnings, which investors should monitor for structural versus one-off drivers.
ROIC Stagnant Despite Cash Generation
ROIC has remained in a tight 1.6%-2.5% band over the past ten quarters, with Q3 2026 at 2.4%, indicating that the company is not compounding returns on invested capital, based on reported figures.
The stability of ROIC around 2% suggests that Adient's capital-light assembly model generates modest returns that barely exceed its cost of capital, which is likely higher given its leverage. The slight uptick to 2.4% in Q3 2026 is driven by improved asset turnover (0.44x) rather than margin expansion, as gross and operating margins remain flat. This implies that efficiency gains are limited and that the company's ability to generate shareholder value is constrained by its pass-through pricing and high fixed-cost base.
Negative CCC Reflects Supplier Financing
Adient's cash conversion cycle has been negative for eight consecutive quarters, reaching -13 days in Q3 2026, indicating that the company is financing operations through supplier credit, as per financial statements.
The negative CCC is driven by a DPO of 77 days versus DSO of 45 days and DIO of 18 days, meaning Adient pays suppliers well after it collects from customers. This suggests significant bargaining power over suppliers, which is typical for a large tier-1 supplier, but it also implies reliance on supplier financing that could tighten if the supply chain faces stress. The improvement in CCC from -3 days in Q4 2024 to -13 days in Q3 2026 is largely due to extended DPO, which may not be sustainable indefinitely.
Leverage Creeps Higher as Equity Erodes
Debt-to-equity has risen from 0.95 in Q4 2024 to 1.14 in Q3 2026, while total debt remains constant at $2.4B, indicating that leverage is increasing due to equity erosion, based on financial statements.
The stable absolute debt level combined with declining equity (to $1.7B) has pushed the D/E ratio to 1.14, and interest coverage of 2.33x in Q3 2026 remains thin but manageable. The D/EBITDA ratio spiked to 20.95x in Q3 2026 from 11.64x in Q4 2025, which appears to be a data anomaly or a reflection of depressed EBITDA; investors should verify the underlying EBITDA calculation. The negative retained earnings of -$1.2B indicate that cumulative losses are eroding the equity base, which could eventually constrain financial flexibility.
Thin Liquidity Buffer Holds Steady
The current ratio has remained near 1.10 over the past year, with cash at $924M in Q3 2026, providing a modest buffer against short-term obligations, as per reported quarterly data.
A current ratio of 1.10 and quick ratio of 0.91 indicate that Adient has limited ability to absorb a sudden demand shock without drawing on credit lines. The reliance on inventory (DIO of 18 days) is low, but the thin working capital cushion means that any disruption in receivables collection or supplier terms could strain liquidity. The negative CCC partially mitigates this by providing a cash inflow from operations, but the overall liquidity position appears adequate only under stable operating conditions.
Valuation Discount Reflects Operational Gap
Adient trades at an EV/EBITDA of 3.85x versus Lear's 5.68x and Magna's 6.74x, implying the market discounts Adient's earnings quality and growth prospects, based on peer comparisons.
The discount to peers is consistent with Adient's lower ROIC (2.4% vs Lear's 9.7%) and negative net margin, which suggest weaker profitability and higher risk. However, Adient's P/B of 0.74x is below book value, while peers trade above 1.0x, indicating that the market may be pricing in further equity erosion or asset impairments. The forward P/E of 8.99x implies that the market expects a recovery in earnings, but the recent EPS miss and negative net margin suggest that this recovery may be delayed.
Misapplied EV/EBITDA in Capital-Light Model
EV/EBITDA is commonly misapplied to Adient because it ignores the significant equity income from unconsolidated China JVs, which are not captured in EBITDA, as per reported financials.
Adient's headline EV/EBITDA of 3.85x appears cheap, but it understates the true cash-generating power of the business because EBITDA excludes equity income from China JVs. Analysts should use 'Adjusted EBITDA including equity income' to normalize for this, which would likely lower the multiple further but also reveal a more accurate picture of earnings power. Additionally, the capital-light nature of the assembly business means that EV/EBITDA may overstate the cost of capital employed, and a better metric would be EV/EBIT or EV/EBITA to account for depreciation of the relatively small PP&E base.