Latest Ratios: P/E Ratio 12.1x · EV/EBITDA 7.0x · ROE 30.3%. (1997–2025 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 | $8.6B | $9.1B | $7.5B | $9.4B | $6.7B | $9.1B | $8.1B | $7.4B | $6.1B | $8.0B | $7.2B |
| Enterprise Value | $10.5B | $11.0B | $9.3B | $10.9B | $8.0B | $10.2B | $9.4B | $9.2B | $7.7B | $8.4B | $7.5B |
| P/E Ratio → | 12.07 | 12.42 | 11.68 | 19.23 | 15.79 | 20.85 | 43.04 | 15.99 | 32.22 | 18.80 | 12.70 |
| P/S Ratio | 0.80 | 0.84 | 0.73 | 0.90 | 0.76 | 1.10 | 1.08 | 0.86 | 0.71 | 0.77 | 0.72 |
| P/B Ratio | 3.44 | 3.54 | 3.31 | 3.65 | 2.54 | 3.42 | 3.33 | 3.48 | 3.23 | 1.93 | 1.84 |
| P/FCF | 12.08 | 12.77 | 15.71 | 22.95 | 52.17 | 30.64 | 15.82 | 44.82 | 171.26 | 21.92 | 19.48 |
| P/OCF | 7.47 | 7.90 | 7.12 | 9.56 | 9.37 | 12.03 | 9.49 | 11.51 | 10.38 | 8.58 | 8.30 |
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 | — | 1.01 | 0.89 | 1.04 | 0.91 | 1.24 | 1.27 | 1.07 | 0.89 | 0.81 | 0.75 |
| EV / EBITDA | 7.00 | 7.32 | 6.79 | 10.23 | 7.83 | 9.58 | 12.53 | 8.53 | 7.15 | 6.53 | 6.20 |
| EV / EBIT | 9.61 | 10.07 | 9.44 | 15.50 | 12.08 | 15.19 | 25.91 | 12.79 | 11.41 | 9.84 | 8.89 |
| EV / FCF | — | 15.33 | 19.33 | 26.71 | 62.55 | 34.59 | 18.52 | 55.80 | 216.34 | 22.93 | 20.34 |
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 | 19.2% | 19.2% | 18.5% | 17.4% | 15.8% | 18.4% | 16.7% | 18.5% | 19.7% | 16.2% | 16.2% |
| Operating Margin | 10.1% | 10.1% | 9.4% | 6.6% | 7.5% | 8.2% | 5.1% | 8.5% | 7.9% | 8.3% | 8.2% |
| Net Profit Margin | 6.8% | 6.8% | 6.2% | 4.7% | 4.8% | 5.3% | 2.5% | 5.4% | 2.2% | 4.1% | 5.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.3% | 30.3% | 26.7% | 18.8% | 16.0% | 17.2% | 8.2% | 23.0% | 6.3% | 10.6% | 15.3% |
| ROA | 8.9% | 8.9% | 8.0% | 6.1% | 5.5% | 5.5% | 2.5% | 6.8% | 2.5% | 5.1% | 7.2% |
| ROIC | 19.4% | 19.4% | 18.1% | 12.8% | 12.7% | 13.3% | 7.4% | 14.6% | 12.8% | 14.7% | 15.7% |
| ROCE | 24.5% | 24.5% | 23.1% | 16.5% | 15.0% | 13.9% | 8.2% | 17.7% | 14.1% | 14.9% | 15.2% |
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 | 0.95 | 0.95 | 0.91 | 0.79 | 0.73 | 0.81 | 1.05 | 1.06 | 1.18 | 0.32 | 0.39 |
| Debt / EBITDA | 1.63 | 1.63 | 1.51 | 1.91 | 1.88 | 2.00 | 3.39 | 2.09 | 2.06 | 1.04 | 1.27 |
| Net Debt / Equity | — | 0.71 | 0.76 | 0.60 | 0.51 | 0.44 | 0.57 | 0.85 | 0.85 | 0.09 | 0.08 |
| Net Debt / EBITDA | 1.23 | 1.23 | 1.27 | 1.44 | 1.30 | 1.10 | 1.82 | 1.68 | 1.49 | 0.29 | 0.26 |
| Debt / FCF | — | 2.57 | 3.62 | 3.76 | 10.38 | 3.96 | 2.70 | 10.98 | 45.08 | 1.01 | 0.86 |
| Interest Coverage | 10.57 | 10.57 | 9.10 | 7.58 | 11.05 | 11.23 | 4.99 | 10.33 | 10.26 | 13.95 | 13.56 |
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 | 1.05 | 1.05 | 0.96 | 0.98 | 1.02 | 1.30 | 1.36 | 1.25 | 1.15 | 1.58 | 1.59 |
| Quick Ratio | 0.79 | 0.79 | 0.71 | 0.73 | 0.75 | 1.03 | 1.10 | 0.94 | 0.88 | 1.32 | 1.30 |
| Cash Ratio | 0.15 | 0.15 | 0.09 | 0.12 | 0.16 | 0.34 | 0.37 | 0.18 | 0.21 | 0.36 | 0.47 |
| Asset Turnover | — | 1.25 | 1.33 | 1.26 | 1.15 | 1.09 | 0.91 | 1.26 | 1.29 | 1.21 | 1.22 |
| Inventory Turnover | 8.81 | 8.81 | 9.19 | 8.55 | 7.68 | 8.65 | 7.77 | 9.40 | 9.19 | 9.17 | 8.14 |
| Days Sales Outstanding | — | 75.46 | 70.01 | 76.59 | 78.72 | 75.35 | 89.20 | 69.34 | 69.49 | 59.65 | 71.02 |
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 | 2.7% | 2.6% | 2.9% | 2.4% | 3.4% | 1.8% | 0.7% | 2.9% | 3.5% | 2.6% | 2.8% |
| Payout Ratio | 32.4% | 32.4% | 33.9% | 46.1% | 53.0% | 37.9% | 28.9% | 47.0% | 112.6% | 48.9% | 35.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.3% | 8.1% | 8.6% | 5.2% | 6.3% | 4.8% | 2.3% | 6.3% | 3.1% | 5.3% | 7.9% |
| FCF Yield | 8.3% | 7.8% | 6.4% | 4.4% | 1.9% | 3.3% | 6.3% | 2.2% | 0.6% | 4.6% | 5.1% |
| Buyback Yield | 4.1% | 3.8% | 7.3% | 3.7% | 1.7% | 0.0% | 0.0% | 0.0% | 0.0% | 2.0% | 0.0% |
| Total Shareholder Yield | 6.7% | 6.5% | 10.2% | 6.1% | 5.1% | 1.8% | 0.7% | 2.9% | 3.5% | 4.6% | 2.8% |
| Shares Outstanding | — | $77M | $80M | $85M | $87M | $88M | $88M | $87M | $87M | $88M | $88M |
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying ALV stock.
Autoliv, Inc.'s current P/E ratio is 12.1x. The historical average is 14.8x. This places it at the 48th percentile of its historical range.
Autoliv, Inc.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.3x.
Autoliv, Inc.'s return on equity (ROE) is 30.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 11.9%.
Based on historical data, Autoliv, Inc. is trading at a P/E of 12.1x. This is at the 48th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Autoliv, Inc.'s current dividend yield is 2.68% with a payout ratio of 32.4%.
Autoliv, Inc. has 19.2% gross margin and 10.1% operating margin. Operating margin between 10-20% is typical for established companies.
Autoliv, Inc.'s Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Margin compression and thin liquidity
Metrics are mathematically derived from official filings.
Margin Compression Pressures Earnings Power
Operating margin fell from 13.5% in 2024Q4 to 6.8% in 2026Q2, per reported figures, while gross margin slipped to 18.2%, suggesting fading pricing power and rising costs.
The sequential decline in operating margin from 11.9% in 2025Q4 to 6.8% in 2026Q2 indicates that cost pressures are intensifying, possibly due to elevated R&D spending and input costs. Net margin at 3.6% in 2026Q2 is near the low end of the two-year range, implying that the company's earning power is being squeezed. Investors should monitor whether gross margin can stabilize above 18%, as further erosion would likely pressure returns.
Return on Capital Decelerating
ROIC dropped to 3.2% in 2026Q2 from 6.4% in 2024Q4, while ROE fell to 3.9% from 10.6%, based on reported figures, indicating deteriorating capital efficiency.
The decline in ROIC is driven by both margin compression and a relatively stable asset base, as asset turnover has remained flat around 0.32. ROE's drop is more pronounced due to the impact of lower net income on a modest equity base. This suggests that the company is generating lower returns on its invested capital, which may warrant a lower valuation multiple if the trend persists.
Working Capital Efficiency Stalls
Cash conversion cycle widened to 43 days in 2026Q2 from 34 days in 2024Q4, per financial statements, as DSO rose to 81 days and DPO slipped to 76 days.
The lengthening of the cash conversion cycle indicates that Autoliv is taking longer to collect receivables and paying suppliers slightly faster, which ties up cash in working capital. This is consistent with the volatile working capital swings observed in the cash flow statement, where changes swung from +$238M to -$306M quarter-over-quarter. Improved working capital management could free up cash, but the trend suggests limited progress.
Leverage Comfortable but Coverage Thins
Debt-to-EBITDA spiked to 12.16 in 2026Q2 from 4.59 in 2024Q4, while interest coverage fell to 6.92, based on reported figures, signaling reduced debt service comfort.
The sharp increase in D/EBITDA is primarily due to a decline in EBITDA, as debt levels have remained stable around $2.2B. Interest coverage at 6.92 is still adequate but has deteriorated from 12.89 in 2024Q4, indicating that earnings are less capable of covering interest expenses. If operating margins continue to compress, coverage could approach levels that raise refinancing concerns.
Thin Liquidity Buffer Persists
Current ratio stood at 1.03 in 2026Q2, barely above 1.0, with quick ratio at 0.79, according to balance sheet data, indicating limited short-term liquidity cushion.
The current ratio has hovered near or below 1.0 for several quarters, suggesting that Autoliv may struggle to cover short-term obligations without relying on cash flow or external financing. The quick ratio below 0.8 highlights inventory dependence, as inventory levels remain elevated. Under a severe demand shock, this thin liquidity position could become strained, though the company's access to credit markets may mitigate immediate risks.
P/E Misleads on Cyclical Earnings
The P/E ratio of 12.73 appears cheap, but it is based on depressed trailing earnings; forward P/E of 12.02 and PEG of 0.36 suggest the market expects recovery, yet cyclicality may distort the metric.
For Autoliv, the P/E ratio is commonly misapplied because earnings are highly cyclical and currently at a trough, making the multiple appear artificially low. A more appropriate valuation metric is EV/EBITDA, which at 7.31 is more stable and reflects the company's capital structure. Investors should also consider the price-to-book ratio of 3.63, which is elevated relative to peers, indicating that the market is pricing in a return to higher profitability. Using normalized earnings or EV/EBITDA would provide a clearer picture of valuation.