Latest Ratios: P/E Ratio 9.2x · EV/EBITDA 5.5x · ROE 6.2%. (2014–2025 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 | $446M | $473M | $776M | $839M | $1.1B | $1.4B | $563M | $577M | $754M | $1.3B | $675M |
| Enterprise Value | $809M | $836M | $1.1B | $1.1B | $1.3B | $1.6B | $942M | $1.0B | $944M | $1.5B | $926M |
| P/E Ratio → | 9.18 | 9.61 | 17.59 | 15.36 | 6.42 | 9.82 | 12.19 | 13.96 | 11.37 | 8.91 | 19.77 |
| P/S Ratio | 0.29 | 0.31 | 0.51 | 0.55 | 0.57 | 0.81 | 0.49 | 0.44 | 0.50 | 0.89 | 0.57 |
| P/B Ratio | 0.55 | 0.58 | 1.00 | 1.14 | 1.50 | 2.28 | 1.27 | 1.44 | 1.79 | 3.48 | 3.14 |
| P/FCF | 69.43 | 73.66 | 459.19 | 82.48 | 5.99 | 8.47 | 19.46 | — | 11.75 | 27.15 | 22.72 |
| P/OCF | 3.63 | 3.85 | 5.73 | 7.14 | 4.03 | 6.27 | 5.03 | 4.79 | 4.35 | 9.72 | 5.94 |
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 | — | 0.55 | 0.73 | 0.70 | 0.67 | 0.97 | 0.81 | 0.77 | 0.62 | 1.03 | 0.78 |
| EV / EBITDA | 5.49 | 5.68 | 8.19 | 7.54 | 4.40 | 6.35 | 7.62 | 8.58 | 6.45 | 7.52 | 9.83 |
| EV / EBIT | 11.98 | 13.28 | 19.44 | 14.02 | 5.70 | 8.57 | 15.00 | 17.06 | 10.12 | 9.83 | 17.09 |
| EV / FCF | — | 130.21 | 653.95 | 105.71 | 7.07 | 10.05 | 32.57 | — | 14.71 | 31.51 | 31.15 |
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 | 11.4% | 11.4% | 10.1% | 10.8% | 16.2% | 16.3% | 11.6% | 10.4% | 11.5% | 15.3% | 9.0% |
| Operating Margin | 4.4% | 4.4% | 3.9% | 4.5% | 11.7% | 11.3% | — | 4.6% | 6.2% | 10.4% | 4.5% |
| Net Profit Margin | 3.2% | 3.2% | 2.9% | 3.6% | 8.8% | 8.3% | 4.0% | 3.2% | 4.4% | 9.9% | 2.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.2% | 6.2% | 5.8% | 7.4% | 25.7% | 26.7% | 10.9% | 10.1% | 16.6% | 49.6% | 9.8% |
| ROA | 3.0% | 3.0% | 2.9% | 3.7% | 12.2% | 10.9% | 3.7% | 3.6% | 6.4% | 15.0% | 3.9% |
| ROIC | 4.4% | 4.4% | 4.2% | 5.5% | 18.9% | 17.1% | — | 6.3% | 11.7% | 21.9% | 8.6% |
| ROCE | 5.3% | 5.3% | 5.0% | 6.2% | 21.6% | 19.3% | — | 7.1% | 12.4% | 22.2% | 8.8% |
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 | 0.47 | 0.47 | 0.45 | 0.36 | 0.31 | 0.45 | 0.88 | 1.08 | 0.48 | 0.70 | 1.23 |
| Debt / EBITDA | 2.60 | 2.60 | 2.58 | 1.87 | 0.78 | 1.06 | 3.15 | 3.71 | 1.37 | 1.31 | 2.81 |
| Net Debt / Equity | — | 0.45 | 0.43 | 0.32 | 0.27 | 0.43 | 0.85 | 1.06 | 0.45 | 0.56 | 1.16 |
| Net Debt / EBITDA | 2.46 | 2.46 | 2.44 | 1.66 | 0.67 | 1.00 | 3.07 | 3.65 | 1.30 | 1.04 | 2.66 |
| Debt / FCF | — | 56.55 | 194.75 | 23.22 | 1.08 | 1.58 | 13.11 | — | 2.96 | 4.36 | 8.43 |
| Interest Coverage | 7.42 | 7.42 | 5.03 | 10.25 | 82.19 | 37.85 | 8.06 | — | 12.45 | — | — |
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 | 1.13 | 1.13 | 1.08 | 1.17 | 1.12 | 1.13 | 1.16 | 1.00 | 1.09 | 1.31 | 1.03 |
| Quick Ratio | 0.52 | 0.52 | 0.49 | 0.58 | 0.57 | 0.65 | 0.53 | 0.41 | 0.61 | 0.87 | 0.56 |
| Cash Ratio | 0.05 | 0.05 | 0.05 | 0.08 | 0.08 | 0.05 | 0.04 | 0.02 | 0.03 | 0.19 | 0.05 |
| Asset Turnover | — | 0.89 | 0.95 | 1.03 | 1.30 | 1.28 | 0.92 | 1.05 | 1.46 | 1.40 | 1.32 |
| Inventory Turnover | 5.70 | 5.70 | 6.43 | 6.46 | 7.57 | 9.43 | 5.69 | 6.77 | 9.77 | 9.67 | 8.40 |
| Days Sales Outstanding | — | 42.13 | 35.16 | 39.71 | 34.74 | 38.80 | 42.82 | 30.01 | 38.61 | 48.50 | 40.33 |
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 | 3.8% | 3.6% | 2.2% | 2.0% | 1.4% | 0.3% | — | — | — | — | 39.9% |
| Payout Ratio | 34.8% | 34.8% | 38.8% | 30.5% | 8.8% | 2.5% | — | — | — | — | 788.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.9% | 10.4% | 5.7% | 6.5% | 15.6% | 10.2% | 8.2% | 7.2% | 8.8% | 11.2% | 5.1% |
| FCF Yield | 1.4% | 1.4% | 0.2% | 1.2% | 16.7% | 11.8% | 5.1% | — | 8.5% | 3.7% | 4.4% |
| Buyback Yield | 0.4% | 0.4% | 1.3% | 5.5% | 3.1% | 0.0% | 0.2% | 10.8% | 5.1% | 0.0% | 1.1% |
| Total Shareholder Yield | 4.2% | 4.0% | 3.5% | 7.5% | 4.4% | 0.3% | 0.2% | 10.8% | 5.1% | 0.0% | 41.0% |
| Shares Outstanding | — | $27M | $27M | $28M | $29M | $29M | $28M | $29M | $31M | $31M | $31M |
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying ASIX stock.
AdvanSix Inc.'s current P/E ratio is 9.2x. The historical average is 12.5x. This places it at the 20th percentile of its historical range.
AdvanSix Inc.'s current EV/EBITDA is 5.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.2x.
AdvanSix Inc.'s return on equity (ROE) is 6.2%. The historical average is 16.9%.
Based on historical data, AdvanSix Inc. is trading at a P/E of 9.2x. This is at the 20th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
AdvanSix Inc.'s current dividend yield is 3.80% with a payout ratio of 34.8%.
AdvanSix Inc. has 11.4% gross margin and 4.4% operating margin.
AdvanSix Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Severe margin compression and volatile cash flows
Metrics are mathematically derived from official filings.
Valuation Discount Reflects Profitability Struggle
AdvanSix trades at a deep discount with a P/E of 9.27 and P/B of 0.56, but the forward P/E of 90.22 suggests the market expects minimal earnings recovery, implying current profitability is not sustainable.
The low trailing P/E and P/B ratios appear to price in the company's recent losses and compressed margins, not its asset base. However, the extreme divergence between trailing and forward multiples indicates the market views the current earnings trough as temporary, demanding a significant rebound for the stock to re-rate. This valuation discrepancy highlights that the market is discounting the company's ability to consistently generate returns on its heavy asset base.
Structurally Volatile Margins Underpin Earnings
AdvanSix's true earning power is obscured by extreme gross margin swings, collapsing from 17.9% in 2024Q2 to a trough of 0.9% in 2026Q1, which completely erodes operating leverage and turns net margins negative.
The operational model shows profound sensitivity to input costs and pricing, with gross margin dictating net profitability due to a fixed cost base. The net margin has mirrored this volatility, swinging from +8.6% to -5.2% over the past two years, indicating no stable earnings power. Investors should monitor gross margin recovery as the sole driver of any sustained profitability improvement, as the current structure provides no buffer against cost shocks.
Capital Returns Eroded by Margin Collapse
Return on invested capital has deteriorated from a peak of 4.1% in 2024Q2 to negative levels in recent quarters, demonstrating that the asset-heavy business model fails to generate returns during periods of margin compression.
The ROIC trend is a direct function of operating margin, swinging from positive 2.3% to negative 1.2% within quarters. This high sensitivity suggests the company is a price-taker in its markets, with its capital-intensive structure amplifying both gains and losses. The persistent inability to generate a positive ROIC in several recent periods indicates that shareholder capital is being diluted rather than compounded.
Working Capital Volatility Masks Core Operations
The cash conversion cycle has lengthened to 32 days in 2026Q2, driven by a 46-day inventory period and 47-day DSO, revealing potential challenges in moving product and collecting cash that exacerbate liquidity tightness.
While the DPO of 62 days shows reasonable supplier payment terms, the increasing DSO and DIO suggest deteriorating customer and inventory management efficiency compared to 2024 levels. This extension in working capital ties up cash, directly contributing to the negative FCF seen recently. Management's ability to reverse this trend is critical for preserving liquidity and reducing reliance on external financing.
Minimal Cash Buffers Heighten Operational Risk
With a quick ratio of 0.70 and reported cash of just $7.2M against $876.1M in total liabilities, AdvanSix's liquidity position appears extremely thin and leaves minimal room for operational missteps.
The current ratio of 1.28 is misleadingly healthy, as the quick ratio below 1.0 indicates a heavy reliance on inventory to meet short-term obligations. Given the negative FCF trajectory and minimal cash reserves, any significant disruption to inventory liquidation or receivables collection could severely strain the company's ability to fund operations. This position warrants close monitoring of covenant compliance and credit facility availability.
The Debt-to-Equity Ratio Misleads on Solvency
The most commonly misapplied ratio for AdvanSix is its Debt-to-Equity of 0.53, which obscures the real solvency risk posed by its minimal cash position and volatile cash flows.
While the D/E ratio appears moderate and even conservative, it is meaningless without context of the company's liquidity and cash generation. For an industrial firm with severe margin volatility and negative free cash flow, the key metric is not leverage on the balance sheet but the ability to service debt and fund operations from cash flow. Analysts should instead focus on the interest coverage ratio, which has swung violently between 19.77 and -7.68, as a far more accurate measure of immediate financial stress.