American Axle & Manufacturing Holdings, Inc. (AXL) Financial Ratios
28 years of historical data (1998–2025) · Consumer Cyclical · Auto - Parts
EV/EBITDA
↓
1.67
↓-65% vs avg
5yr avg: 4.76
30Y Low3.2·High31.4
P/FCF
↑
4.91
↑+32% vs avg
5yr avg: 3.72
30Y Low3.1·High15.3
P/B Ratio
↓
1.19
↓-26% vs avg
5yr avg: 1.60
30Y Low0.8·High45.8
ROE
↓
-3.3%
↑-255% vs avg
5yr avg: 2.1%
30Y Low-83%·High281%
Debt/EBITDA
↓
1.20
↓-67% vs avg
5yr avg: 3.60
30Y Low0.9·High28.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AXL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
American Axle & Manufacturing Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 4.9x P/FCF, 32% above the 5-year average of 3.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $761M | — | $711M | $1.0B | $903M | $1.1B | $943M | $1.2B | $1.2B | $1.8B | $1.5B |
| Enterprise Value | $187M | — | $2.9B | $3.4B | $3.5B | $3.8B | $4.0B | $4.4B | $4.6B | $5.3B | $2.4B |
| P/E Ratio → | -37.71 | — | 20.10 | — | 14.75 | 186.60 | — | — | — | 5.31 | 6.31 |
| P/S Ratio | 0.13 | — | 0.12 | 0.17 | 0.16 | 0.21 | 0.20 | 0.19 | 0.17 | 0.28 | 0.38 |
| P/B Ratio | 1.19 | 1.19 | 1.26 | 1.70 | 1.44 | 2.40 | 2.53 | 1.24 | 0.83 | 1.13 | 2.80 |
| P/FCF | 4.91 | — | 3.43 | 5.10 | 3.25 | 3.08 | 3.95 | 9.59 | 5.02 | 10.34 | 8.04 |
| P/OCF | 1.85 | — | 1.56 | 2.59 | 2.01 | 2.04 | 2.07 | 2.17 | 1.61 | 2.71 | 3.64 |
P/E links to full P/E history page with 30-year chart
AXL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
American Axle & Manufacturing Holdings, Inc.'s enterprise value stands at 1.7x EBITDA, 65% below its 5-year average of 4.8x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 86% 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 | — | — | 0.47 | 0.56 | 0.61 | 0.74 | 0.84 | 0.68 | 0.63 | 0.85 | 0.61 |
| EV / EBITDA | 1.67 | — | 4.07 | 5.35 | 4.79 | 4.84 | 31.44 | 18.87 | 7.98 | 5.81 | 4.41 |
| EV / EBIT | 1.67 | — | 11.64 | 19.15 | 14.64 | 19.35 | — | — | 36.57 | 9.99 | 6.13 |
| EV / FCF | — | — | 13.96 | 16.84 | 12.71 | 10.64 | 16.56 | 35.15 | 18.52 | 31.60 | 13.04 |
AXL Profitability
Margins and return-on-capital ratios measuring operating efficiency
American Axle & Manufacturing Holdings, Inc. earns an operating margin of 1.9%, roughly in line with the Consumer Cyclical sector average. A negative ROE of -3.3% indicates the company is currently destroying shareholder equity. ROIC of 6.0% represents adequate returns on invested capital versus a sector median of 5.2%.
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 | 12.1% | 12.1% | 12.1% | 10.3% | 12.1% | 14.0% | 12.4% | 13.8% | 15.7% | 17.9% | 18.4% |
| Operating Margin | 1.9% | 1.9% | 3.9% | 2.4% | 4.2% | 4.7% | -8.4% | -4.6% | 1.5% | 8.7% | 9.6% |
| Net Profit Margin | -0.3% | -0.3% | 0.6% | -0.6% | 1.1% | 0.1% | -11.9% | -7.4% | -0.8% | 5.4% | 6.1% |
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 | -3.3% | -3.3% | 6.0% | -5.5% | 11.9% | 1.4% | -82.9% | -39.3% | -3.8% | 32.5% | 57.9% |
| ROA | -0.3% | -0.3% | 0.7% | -0.6% | 1.2% | 0.1% | -8.9% | -6.8% | -0.7% | 6.0% | 7.2% |
| ROIC | 6.0% | 6.0% | 6.3% | 3.5% | 5.7% | 5.5% | -7.8% | -5.0% | 1.6% | 12.3% | 20.0% |
| ROCE | 2.4% | 2.4% | 6.0% | 3.5% | 5.5% | 5.0% | -7.5% | -5.1% | 1.7% | 11.5% | 14.4% |
AXL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
American Axle & Manufacturing Holdings, Inc. carries a Debt/EBITDA ratio of 1.2x, which is manageable (75% below the sector average of 4.8x). The company holds a net cash position — cash of $709M exceeds total debt of $135M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 4.86 | 4.77 | 5.00 | 7.05 | 9.57 | 3.83 | 2.56 | 2.57 | 2.65 |
| Debt / EBITDA | 1.20 | 1.20 | 3.85 | 4.55 | 4.26 | 4.11 | 28.37 | 15.98 | 6.65 | 4.32 | 2.57 |
| Net Debt / Equity | — | -0.90 | 3.88 | 3.91 | 4.18 | 5.90 | 8.08 | 3.29 | 2.24 | 2.33 | 1.74 |
| Net Debt / EBITDA | -5.11 | -5.11 | 3.07 | 3.73 | 3.56 | 3.44 | 23.95 | 13.72 | 5.82 | 3.91 | 1.69 |
| Debt / FCF | — | -3.70 | 10.53 | 11.74 | 9.45 | 7.56 | 12.62 | 25.55 | 13.50 | 21.25 | 5.00 |
| Interest Coverage | — | — | 1.30 | 0.73 | 1.40 | 1.23 | -1.87 | -1.39 | 0.49 | 2.78 | 4.08 |
Net cash position: cash ($709M) exceeds total debt ($135M)
AXL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
American Axle & Manufacturing Holdings, Inc.'s current ratio of 2.95x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.57x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.67x to 2.95x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.95 | 2.95 | 1.63 | 1.67 | 1.66 | 1.78 | 1.92 | 1.81 | 1.50 | 1.60 | 2.05 |
| Quick Ratio | 2.57 | 2.57 | 1.25 | 1.27 | 1.28 | 1.39 | 1.59 | 1.45 | 1.16 | 1.28 | 1.71 |
| Cash Ratio | 0.57 | 0.57 | 0.47 | 0.43 | 0.43 | 0.51 | 0.57 | 0.52 | 0.35 | 0.31 | 0.74 |
| Asset Turnover | — | 0.88 | 1.21 | 1.14 | 1.06 | 0.91 | 0.80 | 0.98 | 0.97 | 0.79 | 1.14 |
| Inventory Turnover | 11.00 | 11.00 | 12.17 | 11.30 | 10.99 | 10.80 | 12.77 | 15.07 | 13.33 | 13.13 | 14.68 |
| Days Sales Outstanding | — | 45.84 | 42.26 | 49.14 | 51.59 | 53.99 | 61.46 | 45.57 | 48.52 | 60.34 | 51.77 |
AXL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
American Axle & Manufacturing Holdings, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | 5.0% | — | 6.8% | 0.5% | — | — | — | 18.8% | 15.9% |
| FCF Yield | 20.4% | — | 29.2% | 19.6% | 30.7% | 32.4% | 25.3% | 10.4% | 19.9% | 9.7% | 12.4% |
| Buyback Yield | 0.0% | — | 0.4% | 1.4% | 0.2% | 0.4% | 0.3% | 0.6% | 0.3% | 0.4% | 0.4% |
| Total Shareholder Yield | 0.0% | — | 0.4% | 1.4% | 0.2% | 0.4% | 0.3% | 0.6% | 0.3% | 0.4% | 0.4% |
| Shares Outstanding | — | $0 | $122M | $117M | $116M | $118M | $113M | $113M | $112M | $103M | $77M |
Peer Comparison
Compare AXL 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 |
|---|---|---|---|---|---|---|---|---|---|
 AXLYou | $761M | -37.7 | 1.7 | 4.9 | 12.1% | 1.9% | -3.3% | 6.0% | 1.2 |
 DAN | $4B | 45.6 | 12.2 | 13.1 | 8.0% | 2.8% | 6.8% | 4.0% | 6.2 |
 APTV | $13B | 84.9 | 9.1 | 8.8 | 19.1% | 5.8% | 1.8% | 5.5% | 3.7 |
 BWA | $15B | 56.1 | 8.2 | 12.6 | 18.7% | 9.2% | 4.9% | 12.9% | 2.0 |
 ALSN | $10B | 16.2 | 10.3 | 15.3 | 48.4% | 32.3% | 35.4% | 22.2% | 2.7 |
 LEA | $7B | 17.1 | 6.2 | 13.4 | 8.2% | 4.4% | 8.9% | 9.7% | 2.5 |
 MGA | $18B | 21.9 | 6.5 | 10.0 | 10.3% | 5.0% | 6.8% | 8.6% | 2.2 |
 VC | $3B | 15.6 | 6.4 | 11.0 | 14.1% | 8.8% | 13.6% | 19.5% | 1.2 |
 ADNT | $2B | -6.1 | 4.0 | 8.0 | 6.6% | 3.0% | -12.0% | 8.7% | 3.1 |
 THRM | $1B | 59.9 | 9.4 | 18.0 | 23.5% | 5.2% | 2.7% | 7.3% | 2.2 |
 GM | $71B | 24.2 | 10.3 | 6.5 | 10.9% | 1.6% | 4.2% | 1.3% | 7.4 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
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AXL — Frequently Asked Questions
Quick answers to the most common questions about buying AXL stock.
What is American Axle & Manufacturing Holdings, Inc.'s P/E ratio?
American Axle & Manufacturing Holdings, Inc.'s current P/E ratio is -37.7x. The historical average is 19.6x.
What is American Axle & Manufacturing Holdings, Inc.'s EV/EBITDA?
American Axle & Manufacturing Holdings, Inc.'s current EV/EBITDA is 1.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.9x.
What is American Axle & Manufacturing Holdings, Inc.'s ROE?
American Axle & Manufacturing Holdings, Inc.'s return on equity (ROE) is -3.3%. The historical average is 33.4%.
Is AXL stock overvalued?
Based on historical data, American Axle & Manufacturing Holdings, Inc. is trading at a P/E of -37.7x. Compare with industry peers and growth rates for a complete picture.
What are American Axle & Manufacturing Holdings, Inc.'s profit margins?
American Axle & Manufacturing Holdings, Inc. has 12.1% gross margin and 1.9% operating margin.
How much debt does American Axle & Manufacturing Holdings, Inc. have?
American Axle & Manufacturing Holdings, Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.