Acuity Brands, Inc. (AYI) Financial Ratios
25 years of historical data (2001–2025) · Industrials · Electrical Equipment & Parts
EV/EBITDA
↑
14.19
+19% vs avg
5yr avg: 11.89
30Y Low6.0·High22.3
P/FCF
↑
18.25
+8% vs avg
5yr avg: 16.86
30Y Low4.2·High46.0
P/B Ratio
↑
3.68
+15% vs avg
5yr avg: 3.20
30Y Low1.2·High7.3
ROE
↑
15.5%
-10% vs avg
5yr avg: 17.3%
30Y Low10%·High24%
Debt/EBITDA
↑
1.38
↑+29% vs avg
5yr avg: 1.07
30Y Low0.6·High3.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AYI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Acuity Brands, Inc. trades at 25.3x earnings, 31% above its 5-year average of 19.4x, sitting at the 79th percentile of its historical range. This is roughly in line with the Industrials sector median P/E of 25.6x. On a free-cash-flow basis, the stock trades at 18.3x P/FCF, 8% above the 5-year average of 16.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.7B | $10.3B | $8.0B | $5.2B | $5.7B | $6.8B | $4.3B | $5.0B | $6.3B | $7.7B | $12.1B |
| Enterprise Value | $10.3B | $10.9B | $7.7B | $5.4B | $6.1B | $6.8B | $4.2B | $4.9B | $6.5B | $7.7B | $12.0B |
| P/E Ratio → | 25.32 | 26.06 | 18.95 | 14.99 | 14.80 | 22.05 | 17.43 | 15.11 | 17.92 | 23.79 | 41.50 |
| P/S Ratio | 2.24 | 2.38 | 2.09 | 1.31 | 1.42 | 1.95 | 1.30 | 1.36 | 1.70 | 2.18 | 3.66 |
| P/B Ratio | 3.68 | 3.79 | 3.37 | 2.57 | 2.97 | 3.30 | 2.03 | 2.60 | 3.65 | 4.60 | 7.26 |
| P/FCF | 18.25 | 19.38 | 14.43 | 10.14 | 21.86 | 18.51 | 9.62 | 11.30 | 20.24 | 30.76 | 45.99 |
| P/OCF | 16.18 | 17.18 | 12.93 | 8.97 | 17.96 | 16.53 | 8.57 | 10.09 | 17.74 | 24.21 | 34.86 |
P/E links to full P/E history page with 30-year chart
AYI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Acuity Brands, Inc.'s enterprise value stands at 14.2x EBITDA, 19% above its 5-year average of 11.9x. This is roughly in line with the Industrials sector median of 13.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.51 | 2.01 | 1.36 | 1.51 | 1.97 | 1.28 | 1.33 | 1.76 | 2.20 | 3.64 |
| EV / EBITDA | 14.19 | 15.02 | 12.01 | 9.50 | 10.01 | 12.92 | 9.32 | 8.87 | 12.00 | 12.79 | 22.30 |
| EV / EBIT | 17.37 | 20.90 | 13.48 | 10.86 | 11.90 | 16.22 | 11.22 | 10.62 | 14.07 | 14.62 | 23.70 |
| EV / FCF | — | 20.47 | 13.94 | 10.52 | 23.30 | 18.69 | 9.43 | 11.06 | 20.98 | 30.94 | 45.77 |
AYI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Acuity Brands, Inc. earns an operating margin of 13.7%, above the Industrials sector average of 4.3%. Operating margins have expanded from 12.0% to 13.7% over the past 3 years, signaling improving operational efficiency. ROE of 15.5% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 16.4% represents solid returns on invested capital versus a sector median of 6.1%.
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 | 47.8% | 47.8% | 46.4% | 43.3% | 41.8% | 42.6% | 42.2% | 40.3% | 40.4% | 42.3% | 43.6% |
| Operating Margin | 13.7% | 13.7% | 14.4% | 12.0% | 12.7% | 12.4% | 10.6% | 12.6% | 12.5% | 15.0% | 14.4% |
| Net Profit Margin | 9.1% | 9.1% | 11.0% | 8.8% | 9.6% | 8.8% | 7.5% | 9.0% | 9.5% | 9.2% | 8.8% |
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 | 15.5% | 15.5% | 19.2% | 17.6% | 19.4% | 14.7% | 12.3% | 18.2% | 20.7% | 19.3% | 19.3% |
| ROA | 9.3% | 9.3% | 11.7% | 10.1% | 10.9% | 8.7% | 7.5% | 10.7% | 11.9% | 11.0% | 10.8% |
| ROIC | 16.4% | 16.4% | 19.2% | 15.8% | 17.4% | 15.4% | 13.8% | 18.5% | 18.9% | 23.9% | 27.9% |
| ROCE | 16.9% | 16.9% | 18.6% | 17.0% | 18.1% | 14.9% | 13.0% | 19.0% | 20.0% | 23.1% | 22.7% |
AYI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Acuity Brands, Inc. carries a Debt/EBITDA ratio of 1.4x, which is manageable (57% below the sector average of 3.2x). Net debt stands at $582M ($1.0B total debt minus $423M cash). Interest coverage of 14.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.24 | 0.29 | 0.31 | 0.27 | 0.22 | 0.19 | 0.21 | 0.21 | 0.21 |
| Debt / EBITDA | 1.38 | 1.38 | 0.89 | 1.04 | 0.99 | 1.06 | 1.04 | 0.65 | 0.66 | 0.59 | 0.66 |
| Net Debt / Equity | — | 0.21 | -0.11 | 0.10 | 0.20 | 0.03 | -0.04 | -0.05 | 0.13 | 0.03 | -0.03 |
| Net Debt / EBITDA | 0.80 | 0.80 | -0.42 | 0.34 | 0.62 | 0.12 | -0.19 | -0.19 | 0.42 | 0.08 | -0.11 |
| Debt / FCF | — | 1.09 | -0.49 | 0.38 | 1.44 | 0.18 | -0.19 | -0.24 | 0.74 | 0.18 | -0.22 |
| Interest Coverage | 13.97 | 13.97 | 21.87 | 16.97 | 18.88 | 17.67 | 13.41 | 12.72 | 12.98 | 15.47 | 14.27 |
AYI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.95x means Acuity Brands, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.33x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.34x to 1.95x 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 | 1.95 | 1.95 | 2.72 | 2.34 | 1.99 | 2.23 | 2.33 | 2.42 | 1.77 | 2.07 | 1.97 |
| Quick Ratio | 1.33 | 1.33 | 2.16 | 1.72 | 1.33 | 1.66 | 1.81 | 1.85 | 1.17 | 1.53 | 1.53 |
| Cash Ratio | 0.50 | 0.50 | 1.23 | 0.67 | 0.30 | 0.71 | 0.91 | 0.77 | 0.19 | 0.52 | 0.61 |
| Asset Turnover | — | 0.91 | 1.01 | 1.16 | 1.15 | 0.97 | 0.95 | 1.16 | 1.23 | 1.21 | 1.12 |
| Inventory Turnover | 4.30 | 4.30 | 5.31 | 6.08 | 4.80 | 4.98 | 6.01 | 6.43 | 5.33 | 6.16 | 6.28 |
| Days Sales Outstanding | — | 49.88 | 53.50 | 51.28 | 60.67 | 60.30 | 54.90 | 55.75 | 63.27 | 59.70 | 63.52 |
AYI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Acuity Brands, Inc. returns 1.4% to shareholders annually — split between a 0.2% dividend yield and 1.2% buyback yield. The payout ratio of 5.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.9% (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 | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.5% | 0.4% | 0.3% | 0.3% | 0.2% |
| Payout Ratio | 5.2% | 5.2% | 4.3% | 4.9% | 4.7% | 6.2% | 8.4% | 6.3% | 6.1% | 7.1% | 7.9% |
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 | 3.9% | 3.8% | 5.3% | 6.7% | 6.8% | 4.5% | 5.7% | 6.6% | 5.6% | 4.2% | 2.4% |
| FCF Yield | 5.5% | 5.2% | 6.9% | 9.9% | 4.6% | 5.4% | 10.4% | 8.8% | 4.9% | 3.3% | 2.2% |
| Buyback Yield | 1.2% | 1.1% | 1.1% | 5.1% | 9.1% | 6.4% | 1.6% | 1.6% | 4.8% | 4.7% | 0.0% |
| Total Shareholder Yield | 1.4% | 1.3% | 1.3% | 5.5% | 9.4% | 6.7% | 2.1% | 2.1% | 5.1% | 5.0% | 0.2% |
| Shares Outstanding | — | $32M | $31M | $32M | $35M | $37M | $40M | $40M | $41M | $43M | $44M |
Peer Comparison
Compare AYI 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 |
|---|---|---|---|---|---|---|---|---|---|
 AYIYou | $10B | 25.3 | 14.2 | 18.3 | 47.8% | 13.7% | 15.5% | 16.4% | 1.4 |
 HUBB | $28B | 31.7 | 22.0 | 31.8 | 35.5% | 20.8% | 24.8% | 17.1% | 1.9 |
 NVT | $29B | 41.1 | 36.3 | 77.0 | 37.7% | 15.8% | 20.4% | 8.9% | 1.9 |
 ATKR | $3B | -180.4 | 8.0 | 9.3 | 22.2% | 8.3% | -1.0% | 9.0% | 2.3 |
 GEF | $3B | 4.6 | 8.3 | — | 22.2% | 6.9% | 31.7% | 4.7% | 2.8 |
 ETN | $164B | 40.3 | 29.2 | 36.6 | 37.6% | 19.1% | 21.5% | 13.6% | 1.9 |
 AME | $54B | 37.1 | 29.9 | 32.5 | 36.4% | 26.2% | 14.6% | 12.1% | 1.2 |
 ITRI | $4B | 12.4 | 10.4 | 9.4 | 37.5% | 13.5% | 19.1% | 13.1% | 3.5 |
 REZI | $5B | -8.5 | 8.8 | — | 27.8% | 8.6% | -16.9% | 9.5% | 3.8 |
 JCI | $88B | 55.1 | 26.9 | 91.6 | 36.4% | 12.0% | 21.7% | 8.5% | 3.0 |
 WOLF | $3B | -1.7 | — | — | -16.1% | -175.4% | -739.9% | -17.1% | — |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 25 years · Updated daily
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AYI — Frequently Asked Questions
Quick answers to the most common questions about buying AYI stock.
What is Acuity Brands, Inc.'s P/E ratio?
Acuity Brands, Inc.'s current P/E ratio is 25.3x. The historical average is 20.3x. This places it at the 79th percentile of its historical range.
What is Acuity Brands, Inc.'s EV/EBITDA?
Acuity Brands, Inc.'s current EV/EBITDA is 14.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
What is Acuity Brands, Inc.'s ROE?
Acuity Brands, Inc.'s return on equity (ROE) is 15.5%. The historical average is 16.3%.
Is AYI stock overvalued?
Based on historical data, Acuity Brands, Inc. is trading at a P/E of 25.3x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Acuity Brands, Inc.'s dividend yield?
Acuity Brands, Inc.'s current dividend yield is 0.21% with a payout ratio of 5.2%.
What are Acuity Brands, Inc.'s profit margins?
Acuity Brands, Inc. has 47.8% gross margin and 13.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Acuity Brands, Inc. have?
Acuity Brands, Inc.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.