Avista Corporation (AVA) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Diversified Utilities
EV/EBITDA
↓
10.43
-9% vs avg
5yr avg: 11.46
30Y Low4.6·High40.6
P/FCF
N/A
—
5yr avg: 2887.18
30Y Low2.2·High65.0
P/B Ratio
↓
1.21
-1% vs avg
5yr avg: 1.23
30Y Low0.7·High1.9
ROE
↑
7.3%
↓+3% vs avg
5yr avg: 7.1%
30Y Low1%·High14%
Debt/EBITDA
↓
5.25
↓-8% vs avg
5yr avg: 5.73
30Y Low3.0·High22.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AVA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Avista Corporation trades at 17.1x earnings, roughly in line with its 5-year average of 17.9x, sitting at the 47th percentile of its historical range. Compared to the Utilities sector median P/E of 19.7x, the stock trades at a discount of 14%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.3B | $3.1B | $2.9B | $2.7B | $3.2B | $3.0B | $2.7B | $3.2B | $2.8B | $3.3B | $2.6B |
| Enterprise Value | $6.7B | $6.5B | $6.0B | $5.7B | $6.2B | $5.6B | $5.1B | $5.4B | $4.9B | $5.2B | $4.4B |
| P/E Ratio → | 17.05 | 16.19 | 16.07 | 15.96 | 20.92 | 20.23 | 21.13 | 16.19 | 20.52 | 28.77 | 18.60 |
| P/S Ratio | 1.71 | 1.59 | 1.49 | 1.56 | 1.90 | 2.07 | 2.07 | 2.37 | 2.01 | 2.31 | 1.77 |
| P/B Ratio | 1.21 | 1.15 | 1.11 | 1.10 | 1.39 | 1.38 | 1.35 | 1.64 | 1.58 | 1.93 | 1.55 |
| P/FCF | — | — | 2887.18 | — | — | — | — | — | — | — | — |
| P/OCF | 7.14 | 6.66 | 5.41 | 6.12 | 26.09 | 11.14 | 8.26 | 8.01 | 7.74 | 8.13 | 7.13 |
P/E links to full P/E history page with 30-year chart
AVA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Avista Corporation's enterprise value stands at 10.4x EBITDA, 9% below its 5-year average of 11.5x. The Utilities sector median is 11.5x, placing the stock at a 10% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.30 | 3.08 | 3.27 | 3.60 | 3.86 | 3.86 | 4.04 | 3.50 | 3.63 | 3.05 |
| EV / EBITDA | 10.43 | 10.08 | 10.30 | 10.96 | 13.87 | 12.07 | 11.18 | 13.06 | 10.91 | 11.40 | 9.68 |
| EV / EBIT | 18.94 | 17.76 | 18.21 | 20.68 | 31.82 | 24.50 | 22.57 | 16.56 | 18.84 | 17.54 | 14.68 |
| EV / FCF | — | — | 5974.18 | — | — | — | — | — | — | — | — |
AVA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Avista Corporation earns an operating margin of 18.0%, roughly in line with the Utilities sector average. Operating margins have expanded from 14.7% to 18.0% over the past 3 years, signaling improving operational efficiency. ROE of 7.3% is modest, trailing the sector median of 9.4%. ROIC of 4.5% represents below-average returns on invested capital.
Margins
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 | 24.2% | 24.2% | 58.8% | 59.9% | 57.0% | 65.5% | 69.9% | 67.3% | 64.6% | 63.7% | 61.8% |
| Operating Margin | 18.0% | 18.0% | 15.8% | 14.7% | 11.1% | 15.9% | 17.6% | 15.6% | 18.7% | 19.7% | 20.1% |
| Net Profit Margin | 9.8% | 9.8% | 9.3% | 9.8% | 9.1% | 10.2% | 9.8% | 14.6% | 9.8% | 8.0% | 9.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.3% | 7.3% | 7.1% | 7.1% | 6.9% | 7.0% | 6.5% | 10.6% | 7.8% | 6.9% | 8.6% |
| ROA | 2.3% | 2.3% | 2.3% | 2.3% | 2.2% | 2.2% | 2.1% | 3.3% | 2.4% | 2.1% | 2.7% |
| ROIC | 4.5% | 4.5% | 4.1% | 3.6% | 2.9% | 3.7% | 4.1% | 3.9% | 5.2% | 6.0% | 6.4% |
| ROCE | 4.7% | 4.7% | 4.3% | 3.9% | 3.1% | 3.9% | 4.1% | 3.9% | 5.2% | 5.9% | 6.2% |
AVA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Avista Corporation carries a Debt/EBITDA ratio of 5.3x, which is highly leveraged (6% above the sector average of 5.0x). Net debt stands at $3.4B ($3.4B total debt minus $19M cash). Interest coverage of just 2.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.25 | 1.25 | 1.20 | 1.22 | 1.25 | 1.21 | 1.18 | 1.16 | 1.19 | 1.11 | 1.12 |
| Debt / EBITDA | 5.25 | 5.25 | 5.37 | 5.80 | 6.59 | 5.65 | 5.22 | 5.42 | 4.69 | 4.19 | 4.08 |
| Net Debt / Equity | — | 1.24 | 1.19 | 1.21 | 1.25 | 1.20 | 1.17 | 1.16 | 1.18 | 1.10 | 1.12 |
| Net Debt / EBITDA | 5.22 | 5.22 | 5.32 | 5.73 | 6.56 | 5.61 | 5.19 | 5.40 | 4.66 | 4.15 | 4.06 |
| Debt / FCF | — | — | 3087.00 | — | — | — | — | — | — | — | — |
| Interest Coverage | 2.47 | 2.47 | 2.26 | 1.98 | 1.68 | 2.22 | 2.24 | 3.28 | 2.68 | 3.22 | 3.55 |
AVA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.83x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.83 | 0.83 | 0.85 | 0.85 | 0.75 | 0.48 | 0.68 | 0.57 | 0.54 | 0.48 | 0.86 |
| Quick Ratio | 0.56 | 0.56 | 0.60 | 0.65 | 0.64 | 0.38 | 0.55 | 0.45 | 0.44 | 0.40 | 0.73 |
| Cash Ratio | 0.02 | 0.02 | 0.04 | 0.05 | 0.01 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.23 | 0.24 | 0.23 | 0.23 | 0.21 | 0.21 | 0.22 | 0.24 | 0.26 | 0.27 |
| Inventory Turnover | 6.31 | 6.31 | 4.13 | 4.39 | 6.83 | 5.87 | 5.91 | 6.61 | 7.74 | 9.03 | 10.34 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AVA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Avista Corporation returns 4.8% to shareholders annually primarily through dividends. The payout ratio of 82.4% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 5.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 4.8% | 5.1% | 5.2% | 5.2% | 4.0% | 4.0% | 4.0% | 3.2% | 3.5% | 2.8% | 3.4% |
| Payout Ratio | 82.4% | 82.4% | 83.3% | 82.4% | 83.1% | 80.2% | 85.1% | 52.2% | 71.9% | 79.8% | 63.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.9% | 6.2% | 6.2% | 6.3% | 4.8% | 4.9% | 4.7% | 6.2% | 4.9% | 3.5% | 5.4% |
| FCF Yield | — | — | 0.0% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.8% | 5.1% | 5.2% | 5.2% | 4.0% | 4.0% | 4.0% | 3.2% | 3.5% | 2.8% | 3.4% |
| Shares Outstanding | — | $81M | $79M | $76M | $73M | $70M | $68M | $66M | $66M | $65M | $64M |
Peer Comparison
Compare AVA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AVAYou | $3B | 17.1 | 10.4 | — | 24.2% | 18.0% | 7.3% | 4.5% | 5.3 |
 POR | $6B | 17.7 | 9.8 | — | 33.6% | 16.4% | 7.7% | 4.5% | 4.9 |
 IDA | $8B | 24.4 | 17.5 | — | 22.1% | 21.9% | 9.4% | 4.6% | 5.6 |
 NWE | $4B | 24.2 | 13.3 | — | 82.3% | 20.2% | 6.3% | 4.0% | 5.7 |
 OTTR | $4B | 13.6 | 9.6 | 38.1 | 27.8% | 26.5% | 15.6% | 10.4% | 2.4 |
 MGEE | $3B | 21.7 | 13.7 | — | 97.3% | 22.9% | 10.7% | 6.1% | 3.3 |
 CWCO | $527M | — | -4.7 | 0.0 | 36.6% | 13901508.9% | 0.0% | 26.6% | 0.0 |
 PCG | $36B | 13.7 | 9.8 | — | 19.6% | 19.6% | 8.6% | 4.0% | 6.2 |
 PNW | $12B | 19.8 | 14.4 | — | 25.4% | 20.9% | 8.8% | 3.9% | 8.5 |
 WTRG | $11B | 17.1 | 14.1 | — | 41.0% | 37.2% | 9.4% | 4.8% | 6.2 |
 SWX | $7B | 14.9 | 11.8 | — | 29.3% | 24.4% | 11.5% | 4.7% | 4.4 |
| Utilities Median | — | 19.7 | 11.5 | 15.4 | 40.7% | 19.8% | 9.4% | 4.9% | 5.0 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonAVA — Frequently Asked Questions
Quick answers to the most common questions about buying AVA stock.
What is Avista Corporation's P/E ratio?
Avista Corporation's current P/E ratio is 17.1x. The historical average is 23.2x. This places it at the 47th percentile of its historical range.
What is Avista Corporation's EV/EBITDA?
Avista Corporation's current EV/EBITDA is 10.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
What is Avista Corporation's ROE?
Avista Corporation's return on equity (ROE) is 7.3%. The historical average is 7.5%.
Is AVA stock overvalued?
Based on historical data, Avista Corporation is trading at a P/E of 17.1x. This is at the 47th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Avista Corporation's dividend yield?
Avista Corporation's current dividend yield is 4.83% with a payout ratio of 82.4%.
What are Avista Corporation's profit margins?
Avista Corporation has 24.2% gross margin and 18.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Avista Corporation have?
Avista Corporation's Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.