Latest Ratios: P/E Ratio -210.0x · EV/EBITDA 9.1x · ROE -1.0%. (2012–2025 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 | $3.2B | $2.1B | $3.1B | $5.9B | $3.4B | $4.1B | $1.1B | $1.5B | $1.4B | $1.3B | $1.2B |
| Enterprise Value | $3.6B | $2.6B | $3.7B | $6.4B | $3.9B | $4.3B | $1.7B | $2.2B | $2.2B | $1.8B | $1.6B |
| P/E Ratio → | -210.02 | — | 6.68 | 8.64 | 3.83 | 7.13 | 7.33 | 10.72 | 10.49 | 15.36 | 19.94 |
| P/S Ratio | 1.12 | 0.75 | 0.97 | 1.67 | 0.88 | 1.40 | 0.62 | 0.76 | 0.78 | 0.86 | 0.77 |
| P/B Ratio | 2.30 | 1.53 | 2.02 | 4.00 | 2.76 | 4.76 | 2.89 | 6.23 | 11.76 | 3.60 | 4.58 |
| P/FCF | 10.79 | 7.22 | 7.81 | 9.97 | 5.29 | 8.09 | 5.08 | 8.29 | 13.39 | 13.45 | 8.42 |
| P/OCF | 7.92 | 5.30 | 5.68 | 7.26 | 4.38 | 7.18 | 4.39 | 6.91 | 9.85 | 10.67 | 7.52 |
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 | — | 0.90 | 1.16 | 1.81 | 0.99 | 1.48 | 0.94 | 1.13 | 1.21 | 1.22 | 1.06 |
| EV / EBITDA | 9.10 | 6.44 | 4.79 | 6.18 | 2.91 | 4.86 | 5.10 | 7.22 | 8.89 | 8.63 | 8.64 |
| EV / EBIT | 15.22 | 174.43 | 5.97 | 7.19 | 3.15 | 5.33 | 6.82 | 9.24 | 10.69 | 11.97 | 12.50 |
| EV / FCF | — | 8.66 | 9.31 | 10.82 | 5.97 | 8.53 | 7.68 | 12.42 | 20.64 | 18.95 | 11.50 |
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 | 22.2% | 22.2% | 31.9% | 36.4% | 41.0% | 37.3% | 26.0% | 24.2% | 22.1% | 22.5% | 22.7% |
| Operating Margin | 8.3% | 8.3% | 19.5% | 25.4% | 31.6% | 27.3% | 13.3% | 11.9% | 9.9% | 10.5% | 8.6% |
| Net Profit Margin | -0.5% | -0.5% | 14.8% | 19.6% | 23.3% | 20.1% | 8.6% | 7.3% | 7.4% | 5.6% | 3.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.0% | -1.0% | 31.4% | 50.8% | 86.4% | 94.6% | 49.8% | 78.3% | 56.6% | 27.4% | 28.4% |
| ROA | -0.5% | -0.5% | 15.9% | 24.9% | 38.0% | 31.2% | 10.2% | 10.1% | 10.8% | 7.1% | 5.2% |
| ROIC | 9.0% | 9.0% | 22.8% | 36.6% | 66.7% | 59.1% | 18.6% | 18.5% | 15.3% | 14.9% | 13.9% |
| ROCE | 9.8% | 9.8% | 25.6% | 40.0% | 65.4% | 53.8% | 19.3% | 20.8% | 17.7% | 16.0% | 14.1% |
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 | 0.67 | 0.67 | 0.62 | 0.61 | 0.67 | 0.93 | 2.23 | 3.63 | 7.41 | 1.60 | 2.45 |
| Debt / EBITDA | 2.34 | 2.34 | 1.23 | 0.86 | 0.62 | 0.90 | 2.61 | 2.81 | 3.63 | 2.72 | 3.39 |
| Net Debt / Equity | — | 0.30 | 0.39 | 0.34 | 0.35 | 0.26 | 1.48 | 3.10 | 6.37 | 1.47 | 1.67 |
| Net Debt / EBITDA | 1.07 | 1.07 | 0.77 | 0.49 | 0.33 | 0.25 | 1.73 | 2.40 | 3.12 | 2.50 | 2.31 |
| Debt / FCF | — | 1.44 | 1.50 | 0.85 | 0.68 | 0.44 | 2.60 | 4.13 | 7.25 | 5.49 | 3.08 |
| Interest Coverage | 0.44 | 0.44 | 17.50 | 25.13 | 40.24 | 24.71 | 6.04 | 4.66 | 5.09 | 5.74 | 3.08 |
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 | 3.05 | 3.05 | 2.98 | 2.72 | 2.89 | 2.71 | 3.00 | 2.43 | 2.37 | 2.39 | 2.85 |
| Quick Ratio | 2.13 | 2.13 | 1.96 | 1.85 | 1.99 | 2.16 | 2.28 | 1.65 | 1.56 | 1.44 | 2.06 |
| Cash Ratio | 0.97 | 0.97 | 0.69 | 0.69 | 0.77 | 1.10 | 1.03 | 0.43 | 0.46 | 0.22 | 0.98 |
| Asset Turnover | — | 1.00 | 1.06 | 1.20 | 1.51 | 1.32 | 1.13 | 1.33 | 1.39 | 1.24 | 1.31 |
| Inventory Turnover | 4.57 | 4.57 | 4.15 | 4.53 | 5.08 | 6.42 | 6.56 | 6.42 | 6.44 | 5.83 | 7.29 |
| Days Sales Outstanding | — | 57.24 | 55.85 | 58.07 | 49.32 | 65.44 | 61.66 | 60.06 | 52.74 | 54.47 | 46.02 |
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 | 1.4% | 2.1% | 1.1% | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 7.3% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 15.0% | 11.6% | 26.1% | 14.0% | 13.6% | 9.3% | 9.5% | 6.5% | 5.0% |
| FCF Yield | 9.3% | 13.8% | 12.8% | 10.0% | 18.9% | 12.4% | 19.7% | 12.1% | 7.5% | 7.4% | 11.9% |
| Buyback Yield | 3.3% | 5.0% | 12.8% | 8.6% | 14.5% | 3.3% | 1.6% | 1.7% | 28.7% | 1.1% | 0.0% |
| Total Shareholder Yield | 4.7% | 7.0% | 13.9% | 8.6% | 14.5% | 3.3% | 1.6% | 1.7% | 28.7% | 1.1% | 0.0% |
| Shares Outstanding | — | $34M | $37M | $39M | $44M | $47M | $48M | $48M | $54M | $67M | $63M |
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying ATKR stock.
Atkore Inc.'s current P/E ratio is -210.0x. The historical average is 10.0x.
Atkore Inc.'s current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.4x.
Atkore Inc.'s return on equity (ROE) is -1.0%. The historical average is 33.3%.
Based on historical data, Atkore Inc. is trading at a P/E of -210.0x. Compare with industry peers and growth rates for a complete picture.
Atkore Inc.'s current dividend yield is 1.37%.
Atkore Inc. has 22.2% gross margin and 8.3% operating margin.
Atkore Inc.'s Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Margin compression persists
Metrics are mathematically derived from official filings.
Margin Compression from Commodity Spreads
Gross margin collapsed from 35.0% in 2024Q2 to 22.2% in 2026Q3, a 12.8-point decline, while net margin turned negative at -0.5% TTM, per recent SEC filings.
The 12.8 percentage point gross margin erosion reflects the unwinding of the post-pandemic PVC and steel spread bubble, not just volume weakness. Operating margin at 8.1% in 2026Q3 is roughly a third of its 2024Q2 peak, indicating that fixed-cost absorption is deteriorating as revenue declines. The negative TTM net margin, despite positive operating income, suggests non-cash charges such as impairments or LIFO adjustments are masking underlying cash generation, which warrants scrutiny.
ROIC Decay Signals Cyclical Trough
ROIC fell from 6.5% in 2024Q2 to 2.7% in 2026Q3, while ROE swung to -9.2% in 2026Q2, based on reported financials, indicating a sharp cyclical downturn.
The decline in ROIC from 6.5% to 2.7% over ten quarters is driven primarily by margin compression rather than asset efficiency, as asset turnover remained relatively stable around 0.25x. The negative ROE in 2026Q2 reflects the impact of non-cash charges on equity, but the recovery to 0.1% in 2026Q3 suggests the trough may be passing. Investors should monitor whether ROIC can recover toward the mid-single digits as volume stabilizes, or if structural margin loss caps returns.
Working Capital Stretch Pressures Cash
Cash conversion cycle lengthened from 107 days in 2024Q2 to 97 days in 2026Q3, but DSO rose to 74 days, while DPO fell to 35 days, per company filings.
The modest improvement in CCC from 107 to 97 days is misleading because it stems from a sharp reduction in DIO (from 93 to 58 days) as inventory is liquidated, not from operational efficiency. DSO has risen from 59 to 74 days, suggesting customers are taking longer to pay, which may indicate softening demand or increased credit risk. The drop in DPO from 45 to 35 days implies Atkore is paying suppliers faster, possibly to secure supply or due to reduced bargaining power, which pressures cash flow.
Leverage Creeps Higher as Earnings Fall
D/E rose from 0.58 to 0.72 over ten quarters, while D/EBITDA ballooned from 4.26x to 10.36x, and interest coverage fell to 0.20x in 2026Q3, per financial statements.
The D/EBITDA increase from 4.26x to 10.36x is alarming, but it is amplified by depressed EBITDA; absolute debt remained near $913.5M, so the risk is earnings-driven, not debt accumulation. Interest coverage of 0.20x in 2026Q3 indicates that operating income barely covers interest expense, though this is partly due to non-cash charges. The company's cash balance of over $500M provides a buffer, but if margins do not recover, refinancing risk could emerge.
Liquidity Buffer Masks Cash Flow Strain
Current ratio improved to 2.73 in 2026Q3 from 3.09 in 2024Q2, but FCF margin turned negative at -9.7%, and operating cash flow was -$63.1M, per recent filings.
The current ratio of 2.73 appears healthy, but it is supported by inventory that may be overvalued under LIFO and a quick ratio of 2.04 that excludes inventory. The negative FCF margin in 2026Q3, despite a positive current ratio, indicates that liquidity is being consumed by working capital outflows and non-cash adjustments. Under a severe demand shock, the company could face a cash crunch if receivables continue to stretch and inventory liquidation slows.
LIFO Distorts True Profitability
The most misapplied ratio for Atkore is gross margin, as LIFO accounting inflates COGS during commodity price declines, understating true economic profitability, per SEC filings.
Gross margin is commonly used to assess Atkore's competitive position, but LIFO accounting causes it to swing with commodity prices, not just operational performance. During the recent PVC price decline, LIFO likely overstated COGS, compressing gross margin more than the underlying spread deterioration. Analysts should adjust for LIFO by using FIFO or inventory liquidation effects, and focus on 'margin per unit' or 'spread per pound' to gauge true earning power.