Latest Ratios: P/E Ratio 22.1x · EV/EBITDA 8.2x · 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 | $2.7B | $2.7B | $4.7B | $5.2B | $2.7B | $2.8B | $1.9B | $1.4B | $939M | $1.6B | $876M |
| Enterprise Value | $2.8B | $2.8B | $4.5B | $4.7B | $2.3B | $2.6B | $2.0B | $1.7B | $1.2B | $1.8B | $1.2B |
| P/E Ratio → | 22.09 | 20.91 | 12.42 | 10.67 | 3.19 | 3.96 | 10.77 | 17.73 | 45.87 | 18.82 | 22.96 |
| P/S Ratio | 0.43 | 0.42 | 0.69 | 0.75 | 0.33 | 0.36 | 0.34 | 0.31 | 0.19 | 0.35 | 0.22 |
| P/B Ratio | 1.39 | 1.31 | 2.17 | 2.35 | 1.33 | 2.09 | 2.22 | 2.04 | 1.40 | 2.31 | 1.51 |
| P/FCF | 215.17 | 213.98 | 22.39 | 10.94 | 2.95 | 5.04 | 8.76 | 8.80 | 11.23 | 20.48 | 12.82 |
| P/OCF | 10.77 | 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 | 8.23 | 8.19 | 7.02 | 6.24 | 1.79 | 2.47 | 4.68 | 7.68 | 5.42 | 8.22 | 7.93 |
| EV / EBIT | 15.48 | 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 | 1.55 | 1.55 | 0.81 | 0.70 | 0.41 | 0.50 | 1.26 | 2.43 | 2.01 | 1.98 | 2.87 |
| 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 | 1.13 | 1.18 | 2.19 |
| 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 | 1.2% | 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 | 4.5% | 4.8% | 8.1% | 9.4% | 31.4% | 25.2% | 9.3% | 5.6% | 2.2% | 5.3% | 4.4% |
| FCF Yield | 0.5% | 0.5% | 4.5% | 9.1% | 33.9% | 19.9% | 11.4% | 11.4% | 8.9% | 4.9% | 7.8% |
| Buyback Yield | 6.7% | 6.7% | 4.2% | 0.1% | 0.0% | 0.0% | 0.0% | 0.2% | 0.5% | 0.2% | 1.2% |
| Total Shareholder Yield | 7.9% | 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 22.1x. The historical average is 16.5x. This places it at the 85th percentile of its historical range.
Boise Cascade Company's current EV/EBITDA is 8.2x. 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 22.1x. This is at the 85th 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 1.20% 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
Margin sustainability after EPS beat
Metrics are mathematically derived from official filings.
Margin Compression Signals Cyclical Pressure
Gross margin fell from 20.5% in Q1 2024 to 17.9% in Q2 2026, a 260 bps decline, while TTM net margin sits at 2.07%, per reported financials, indicating persistent input cost or pricing headwinds.
The sequential improvement in Q2 2026 gross margin to 17.9% from 13.0% in Q4 2025 suggests a potential trough, but the TTM operating margin of 2.81% remains near cyclical lows. This implies that the recent quarterly beat may be driven by non-recurring factors such as inventory gains or favorable mix, rather than a structural improvement in earning power. Investors should monitor whether the Q2 margin expansion persists, as the distribution-heavy model remains highly sensitive to commodity price swings.
ROIC Decay Reflects Cyclical Downturn
ROIC dropped from 5.8% in Q2 2024 to 2.8% in Q2 2026, per company filings, while ROE fell from 4.9% to 2.8%, indicating a halving of returns on invested capital amid the housing downturn.
The decline in ROIC is driven by both margin compression and a slight reduction in asset turnover, as revenue contracted while the asset base remained relatively stable. This suggests that the company is not currently compounding returns, but the low leverage and strong liquidity position provide a buffer to weather the cycle. If the Q2 2026 margin improvement is sustainable, ROIC could recover, but the lack of forward guidance raises uncertainty about the durability of this inflection.
Working Capital Cycle Lengthens Slightly
Cash conversion cycle extended from 48 days in Q2 2024 to 54 days in Q2 2026, per reported data, driven by higher inventory days on hand (55 vs 52), indicating slower inventory turnover amid demand softness.
The increase in DIO suggests that BCC is holding more inventory relative to sales, which could be a deliberate strategy to maintain availability for customers or a sign of slowing demand. DSO remained stable at 25 days, while DPO improved slightly to 26 days, indicating consistent collection and payment practices. The modest lengthening of the CCC is not alarming, but it does tie up more cash in working capital, contributing to the negative free cash flow observed in recent quarters.
Minimal Leverage Provides Cyclical Cushion
Debt-to-equity remains exceptionally low at 0.26, with interest coverage of 12.06x in Q2 2026, per balance sheet data, indicating a fortress balance sheet that can withstand prolonged housing market weakness.
Despite the cyclical downturn, BCC's leverage has remained virtually unchanged, and interest coverage, while down from 25.7x in Q2 2024, is still comfortable. This conservative capital structure suggests that the company is not at risk of financial distress, but it also implies that management is not aggressively deploying capital to expand during the trough. The low D/E ratio may understate the true risk of the business, which is primarily operational rather than financial.
Liquidity Buffer Shrinking but Adequate
Current ratio stands at 2.71 with quick ratio at 1.31 in Q2 2026, per reported figures, but cash has fallen from $922M to $305M over two years, indicating a shrinking yet still comfortable liquidity cushion.
The current ratio remains strong, but the rapid depletion of cash—down $617M since Q2 2024—warrants attention. This decline is partly due to shareholder returns exceeding free cash flow, as noted in the cash flow analysis. While the company still has ample liquidity to meet short-term obligations, the trend suggests that if the downturn persists, the fortress balance sheet could become less robust. Investors should monitor whether cash generation improves as margins recover.
Misapplied Metric: P/E on Cyclical Earnings
The P/E ratio of 23.93 on TTM earnings is misleading for a cyclical company like BCC, as it fails to capture the mid-cycle earning power, per reported data, and may overstate or understate value depending on the cycle stage.
For a highly cyclical business, trailing P/E is often distorted by trough or peak earnings. BCC's current P/E of 23.93 appears elevated, but the forward P/E of 22.03 suggests the market expects only modest earnings growth. A more appropriate metric would be EV/EBITDA, which at 8.91 is more reasonable, or a normalized earnings measure that smooths the cycle. Additionally, the P/FCF of 233.13 is not meaningful given the negative free cash flow in recent quarters. Investors should focus on mid-cycle margins and the company's ability to generate cash across the housing cycle.