Latest Ratios: P/E Ratio 20.4x · EV/EBITDA 7.0x · ROE 6.3%. (2010–2025 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 | $2.5B | $2.7B | $4.7B | $5.2B | $2.7B | $2.8B | $1.9B | $1.4B | $939M | $1.6B | $876M |
| Enterprise Value | $2.5B | $2.8B | $4.5B | $4.7B | $2.3B | $2.6B | $2.0B | $1.7B | $1.2B | $1.8B | $1.2B |
| P/E Ratio → | 20.44 | 20.91 | 12.42 | 10.67 | 3.19 | 3.96 | 10.77 | 17.73 | 45.87 | 18.82 | 22.96 |
| P/S Ratio | 0.37 | 0.42 | 0.69 | 0.75 | 0.33 | 0.36 | 0.34 | 0.31 | 0.19 | 0.35 | 0.22 |
| P/B Ratio | 1.25 | 1.31 | 2.17 | 2.35 | 1.33 | 2.09 | 2.22 | 2.04 | 1.40 | 2.31 | 1.51 |
| P/FCF | 18.58 | 213.98 | 22.39 | 10.94 | 2.95 | 5.04 | 8.76 | 8.80 | 11.23 | 20.48 | 12.82 |
| P/OCF | 9.73 | 10.71 | 10.66 | 7.51 | 2.62 | 4.23 | 6.40 | 5.84 | 5.74 | 10.29 | 5.77 |
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 | — | 0.43 | 0.67 | 0.69 | 0.27 | 0.33 | 0.37 | 0.36 | 0.24 | 0.41 | 0.31 |
| EV / EBITDA | 7.01 | 8.10 | 7.02 | 6.24 | 1.79 | 2.47 | 4.68 | 7.68 | 5.37 | 8.15 | 7.83 |
| EV / EBIT | 14.00 | 14.58 | 8.51 | 7.07 | 1.93 | 2.68 | 6.47 | 12.52 | 24.58 | 12.73 | 17.28 |
| EV / FCF | — | 217.51 | 21.44 | 10.05 | 2.43 | 4.65 | 9.40 | 10.32 | 14.20 | 23.91 | 17.70 |
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 | 14.0% | 14.0% | 19.8% | 20.9% | 22.8% | 20.5% | 17.1% | 14.6% | 13.8% | 13.8% | 13.1% |
| Operating Margin | 2.8% | 2.8% | 7.3% | 9.1% | 13.8% | 12.3% | 6.1% | 2.9% | 1.4% | 3.2% | 2.0% |
| Net Profit Margin | 2.1% | 2.1% | 5.6% | 7.1% | 10.2% | 9.0% | 3.2% | 1.7% | 0.4% | 1.9% | 1.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.3% | 6.3% | 17.3% | 22.7% | 50.3% | 64.7% | 22.5% | 11.8% | 3.0% | 13.2% | 6.9% |
| ROA | 4.0% | 4.0% | 11.0% | 14.4% | 29.5% | 31.4% | 9.6% | 4.9% | 1.3% | 5.4% | 2.8% |
| ROIC | 6.6% | 6.6% | 19.7% | 27.9% | 63.9% | 68.6% | 25.9% | 11.0% | 5.8% | 11.4% | 7.4% |
| ROCE | 6.5% | 6.5% | 17.3% | 22.5% | 50.1% | 57.6% | 24.4% | 10.8% | 5.9% | 12.0% | 7.5% |
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 | 0.25 | 0.25 | 0.24 | 0.24 | 0.25 | 0.39 | 0.64 | 0.76 | 0.65 | 0.65 | 0.75 |
| Debt / EBITDA | 1.53 | 1.53 | 0.81 | 0.70 | 0.41 | 0.50 | 1.26 | 2.43 | 1.99 | 1.96 | 2.83 |
| Net Debt / Equity | — | 0.02 | -0.09 | -0.19 | -0.23 | -0.16 | 0.16 | 0.35 | 0.37 | 0.39 | 0.58 |
| Net Debt / EBITDA | 0.13 | 0.13 | -0.31 | -0.55 | -0.38 | -0.21 | 0.32 | 1.13 | 1.12 | 1.17 | 2.16 |
| Debt / FCF | — | 3.54 | -0.94 | -0.89 | -0.51 | -0.39 | 0.64 | 1.52 | 2.96 | 3.43 | 4.88 |
| Interest Coverage | 19.37 | 19.37 | 21.85 | 26.30 | 46.11 | 39.25 | 11.92 | 5.15 | 1.84 | 5.63 | 2.62 |
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 | 3.36 | 3.36 | 3.34 | 3.46 | 3.78 | 2.94 | 2.50 | 2.66 | 2.67 | 2.44 | 2.43 |
| Quick Ratio | 1.74 | 1.74 | 1.92 | 2.26 | 2.50 | 1.91 | 1.54 | 1.36 | 1.22 | 1.19 | 1.05 |
| Cash Ratio | 0.97 | 0.97 | 1.26 | 1.60 | 1.83 | 1.17 | 0.77 | 0.74 | 0.52 | 0.46 | 0.33 |
| Asset Turnover | — | 1.98 | 2.00 | 1.98 | 2.59 | 3.08 | 2.79 | 2.74 | 3.16 | 2.76 | 2.72 |
| Inventory Turnover | 6.92 | 6.92 | 6.71 | 7.59 | 9.28 | 9.54 | 9.01 | 7.97 | 8.08 | 8.01 | 7.84 |
| Days Sales Outstanding | — | 19.42 | 18.71 | 19.95 | 13.94 | 21.29 | 26.08 | 18.21 | 16.75 | 21.10 | 19.66 |
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 | 1.3% | 1.3% | 4.9% | 6.7% | 5.8% | 7.6% | 4.2% | 3.8% | 5.4% | 0.2% | — |
| Payout Ratio | 26.1% | 26.1% | 60.8% | 71.6% | 18.6% | 30.0% | 45.3% | 66.7% | 247.2% | 3.3% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 4.8% | 8.1% | 9.4% | 31.4% | 25.2% | 9.3% | 5.6% | 2.2% | 5.3% | 4.4% |
| FCF Yield | 5.4% | 0.5% | 4.5% | 9.1% | 33.9% | 19.9% | 11.4% | 11.4% | 8.9% | 4.9% | 7.8% |
| Buyback Yield | 7.4% | 6.7% | 4.2% | 0.1% | 0.0% | 0.0% | 0.0% | 0.2% | 0.5% | 0.2% | 1.2% |
| Total Shareholder Yield | 8.7% | 8.0% | 9.1% | 6.8% | 5.8% | 7.6% | 4.2% | 4.0% | 5.9% | 0.4% | 1.2% |
| Shares Outstanding | — | $37M | $39M | $40M | $40M | $40M | $39M | $39M | $39M | $39M | $39M |
Includes 30+ ratios · 16 years · Updated daily
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Quick answers to the most common questions about buying BCC stock.
Boise Cascade Company's current P/E ratio is 20.4x. The historical average is 16.5x. This places it at the 77th percentile of its historical range.
Boise Cascade Company's current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.5x.
Boise Cascade Company's return on equity (ROE) is 6.3%. The historical average is 18.0%.
Based on historical data, Boise Cascade Company is trading at a P/E of 20.4x. This is at the 77th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Boise Cascade Company's current dividend yield is 1.33% with a payout ratio of 26.1%.
Boise Cascade Company has 14.0% gross margin and 2.8% operating margin.
Boise Cascade Company's Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Housing cycle and commodity margin volatility
Metrics are mathematically derived from official filings.
Earnings Multiple Pricing a Trough Recovery
Based on reported figures, BCC trades at a trailing P/E of 19.95 and EV/EBITDA of 7.45, a premium to its depressed TTM operating margin of 2.8% that implies the market is pricing in a sustained margin recovery.
The trailing P/E of 19.95 sits close to the forward P/E of 19.12, a narrow compression that suggests the market expects only modest near-term earnings growth despite the strong Q2 2026 EPS surprise. The 0.39 price-to-sales ratio is low in absolute terms, consistent with a thin-margin distributor, while the 194 P/FCF multiple indicates trailing free cash flow is too volatile to anchor valuation. Investors should monitor whether the Q2 earnings spike proves repeatable, since the current multiple depends heavily on that assumption.
Margin Recovery Below Prior Peak Levels
As reported in quarterly statements, BCC's gross margin rebounded from 13.0% in Q4 2025 to 16.4% in Q3 2026, yet remains well below the roughly 20% levels recorded in 2024, indicating incomplete normalization.
The gap between a 16.4% gross margin and a 2.0% net margin shows that SG&A absorbs most of the gross profit, leaving limited operating leverage when volumes fluctuate. The operating margin fell from 8.2% in Q2 2024 to a trough near 1.5% before recovering to 3.1%, which suggests the recovery is real but has not restored prior earnings power. Net margin of 2.0% appears to be the more realistic earning-power anchor than the single-quarter peak of 4.6% operating margin.
Returns Compressed From Cyclical Peak
According to the supplied ratio series, ROIC declined from 5.8% in Q2 2024 to 1.9% in Q3 2026, and ROE from 4.9% to 1.8%, indicating returns on invested capital have decayed rather than compounded over the period.
The decline in ROIC tracks margin compression rather than deterioration in asset efficiency, since asset turnover has remained near 0.5 throughout the series. This points to a margin-driven rather than capital-driven return problem, which may be a more structural concern for a distributor. Returns near 2% may indicate the business is earning below its cost of capital at current margins, warranting further investigation of normalized earnings.
Working Capital Dominates Cash Conversion
Based on reported figures, BCC's cash conversion cycle lengthened from 48 days in Q2 2024 to 58 days in Q3 2026, driven by inventory days rising from 52 to 57, suggesting working capital is absorbing more capital.
The lengthening cycle reflects inventory build relative to payables, with DPO holding near 24 to 29 days while DIO has drifted upward. Asset turnover of roughly 0.5 times confirms a capital-light but inventory-heavy structure in which working capital management appears to determine quarterly cash swings. A rising CCC during softer top-line demand may suggest slower inventory movement, which investors should monitor closely.
Minimal Leverage Provides Cyclical Cushion
As reported in balance sheet data, BCC's debt-to-equity ratio of 0.27 reflects a low absolute debt load, though debt-to-EBITDA has risen to 5.52 from 2.89 in Q2 2024, indicating earnings coverage has thinned.
The debt-to-equity figure is conservative, which suggests refinancing and covenant risk are limited relative to more levered building materials peers. However, the rise in debt-to-EBITDA reflects the earnings decline rather than new borrowing, and interest coverage has compressed from above 25 times to near 8 times. Coverage remains comfortable, but the trend warrants monitoring if earnings do not recover further.
Peak-Margin Quarter May Not Persist
Based on the supplied ratio series, the Q2 2026 operating margin of 4.6% and net margin of 3.1% may reflect a favorable quarter rather than a durable step-change, given TTM margins still near 2.8%.
The most common misapplication for this business is treating trailing P/E as a reliable earnings anchor, since a single quarter's EPS spike of $1.63 against $0.24 to $0.50 in adjacent quarters makes trailing earnings highly sensitive to timing effects. A better alternative is normalized mid-cycle margin applied to revenue, which would reduce reliance on the Q2 surprise. Investors should monitor whether gross margin holds above 16% in subsequent quarters, as that would support a more durable recovery thesis.