Belden Inc. (BDC) Financial Ratios
30 years of historical data (1996–2025) · Technology · Communication Equipment
EV/EBITDA
↑
11.82
+6% vs avg
5yr avg: 11.19
30Y Low6.0·High16.9
P/FCF
↑
19.97
+7% vs avg
5yr avg: 18.65
30Y Low5.8·High166.4
P/B Ratio
↑
3.57
+11% vs avg
5yr avg: 3.21
30Y Low0.8·High4.3
ROE
↑
18.6%
↓+6% vs avg
5yr avg: 17.5%
30Y Low-44%·High26%
Debt/EBITDA
↓
3.20
↓-4% vs avg
5yr avg: 3.34
30Y Low1.1·High6.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BDC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Belden Inc. trades at 19.0x earnings, 18% below its 5-year average of 23.2x, sitting at the 37th percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a discount of 31%. On a free-cash-flow basis, the stock trades at 20.0x P/FCF, 7% above the 5-year average of 18.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $4.7B | $4.7B | $3.3B | $3.2B | $3.0B | $1.9B | $2.3B | $1.7B | $3.3B | $3.2B |
| Enterprise Value | $5.5B | $5.8B | $5.5B | $4.0B | $3.8B | $3.9B | $3.0B | $3.4B | $2.8B | $4.3B | $4.0B |
| P/E Ratio → | 18.98 | 19.72 | 23.46 | 13.65 | 12.57 | 46.62 | 34.63 | 21.15 | 10.63 | 35.24 | 24.84 |
| P/S Ratio | 1.61 | 1.73 | 1.89 | 1.32 | 1.23 | 1.30 | 1.07 | 1.09 | 0.79 | 1.58 | 1.35 |
| P/B Ratio | 3.57 | 3.71 | 3.59 | 2.84 | 2.80 | 3.12 | 2.48 | 2.40 | 1.23 | 2.29 | 2.18 |
| P/FCF | 19.97 | 21.43 | 20.86 | 16.32 | 18.17 | 16.47 | 22.56 | 13.91 | 8.94 | 17.23 | 12.20 |
| P/OCF | 12.31 | 13.21 | 13.21 | 10.36 | 11.38 | 10.96 | 10.82 | 8.38 | 5.91 | 12.89 | 10.11 |
P/E links to full P/E history page with 30-year chart
BDC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Belden Inc.'s enterprise value stands at 11.8x EBITDA, 6% above its 5-year average of 11.2x. The Technology sector median is 17.5x, placing the stock at a 32% 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 | — | 2.13 | 2.25 | 1.60 | 1.44 | 1.69 | 1.72 | 1.61 | 1.27 | 2.06 | 1.68 |
| EV / EBITDA | 11.82 | 12.51 | 14.47 | 9.62 | 8.30 | 11.03 | 11.63 | 9.88 | 5.95 | 11.19 | 10.47 |
| EV / EBIT | 16.44 | 17.40 | 20.78 | 12.56 | 10.39 | 13.40 | 20.10 | 16.44 | 9.46 | 23.75 | 17.85 |
| EV / FCF | — | 26.39 | 24.81 | 19.77 | 21.29 | 21.42 | 36.19 | 20.51 | 14.39 | 22.46 | 15.16 |
BDC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Belden Inc. earns an operating margin of 12.2%. ROE of 18.6% indicates solid capital efficiency. ROIC of 11.0% represents solid 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 | 36.0% | 36.0% | 37.5% | 38.0% | 35.2% | 33.5% | 32.9% | 37.2% | 38.3% | 38.4% | 41.6% |
| Operating Margin | 12.2% | 12.2% | 10.8% | 12.6% | 13.9% | 11.5% | 8.6% | 9.7% | 14.5% | 11.2% | 9.8% |
| Net Profit Margin | 8.7% | 8.7% | 8.1% | 9.7% | 9.8% | 2.8% | -3.1% | -17.7% | 7.4% | 4.5% | 5.4% |
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 | 18.6% | 18.6% | 16.1% | 21.0% | 24.3% | 7.5% | -6.4% | -32.0% | 11.4% | 6.4% | 11.2% |
| ROA | 6.9% | 6.9% | 6.0% | 7.6% | 7.7% | 1.9% | -1.7% | -10.5% | 4.2% | 2.4% | 3.6% |
| ROIC | 11.0% | 11.0% | 9.9% | 13.4% | 15.4% | 10.6% | 5.7% | 6.9% | 9.7% | 7.5% | 7.6% |
| ROCE | 12.0% | 12.0% | 10.0% | 12.4% | 14.0% | 10.0% | 5.7% | 7.2% | 10.1% | 7.3% | 7.7% |
BDC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Belden Inc. carries a Debt/EBITDA ratio of 3.2x, which is moderately leveraged (9% above the sector average of 2.9x). Net debt stands at $1.1B ($1.5B total debt minus $390M cash). Interest coverage of 7.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.17 | 1.17 | 0.97 | 1.11 | 1.08 | 1.61 | 2.16 | 1.56 | 1.05 | 1.09 | 1.11 |
| Debt / EBITDA | 3.20 | 3.20 | 3.27 | 3.11 | 2.74 | 4.37 | 6.32 | 4.36 | 3.16 | 4.07 | 4.29 |
| Net Debt / Equity | — | 0.86 | 0.68 | 0.60 | 0.48 | 0.94 | 1.50 | 1.14 | 0.75 | 0.70 | 0.53 |
| Net Debt / EBITDA | 2.35 | 2.35 | 2.30 | 1.68 | 1.22 | 2.55 | 4.38 | 3.18 | 2.25 | 2.61 | 2.04 |
| Debt / FCF | — | 4.96 | 3.95 | 3.46 | 3.12 | 4.95 | 13.63 | 6.60 | 5.45 | 5.23 | 2.96 |
| Interest Coverage | 7.16 | 7.16 | 6.95 | 9.50 | 8.29 | 4.62 | 2.54 | 3.73 | 4.78 | 2.19 | 2.33 |
BDC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.93x means Belden Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.36x 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 2.30x to 1.93x 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 | 1.93 | 1.93 | 1.92 | 2.30 | 2.40 | 2.49 | 2.11 | 1.91 | 1.76 | 2.03 | 2.59 |
| Quick Ratio | 1.36 | 1.36 | 1.37 | 1.72 | 1.87 | 2.04 | 1.63 | 1.59 | 1.31 | 1.59 | 2.26 |
| Cash Ratio | 0.56 | 0.56 | 0.59 | 0.94 | 1.07 | 0.85 | 0.96 | 0.56 | 0.59 | 0.84 | 1.49 |
| Asset Turnover | — | 0.77 | 0.74 | 0.78 | 0.82 | 0.67 | 0.56 | 0.63 | 0.57 | 0.54 | 0.62 |
| Inventory Turnover | 4.32 | 4.32 | 4.48 | 4.24 | 4.95 | 4.43 | 4.76 | 5.78 | 4.22 | 4.32 | 7.22 |
| Days Sales Outstanding | — | 62.22 | 60.77 | 60.13 | 61.63 | 60.82 | 61.83 | 57.31 | 56.62 | 82.82 | 60.10 |
BDC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Belden Inc. returns 5.1% to shareholders annually — split between a 0.2% dividend yield and 5.0% buyback yield. The payout ratio of 3.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.3% (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% | 1.5% | 2.5% | 1.3% | 0.5% |
| Payout Ratio | 3.4% | 3.4% | 4.1% | 3.5% | 3.5% | 14.2% | — | — | 26.8% | 46.5% | 12.6% |
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 | 5.3% | 5.1% | 4.3% | 7.3% | 8.0% | 2.1% | 2.9% | 4.7% | 9.4% | 2.8% | 4.0% |
| FCF Yield | 5.0% | 4.7% | 4.8% | 6.1% | 5.5% | 6.1% | 4.4% | 7.2% | 11.2% | 5.8% | 8.2% |
| Buyback Yield | 5.0% | 4.6% | 2.9% | 5.8% | 4.7% | 0.2% | 1.9% | 2.2% | 10.2% | 0.8% | 7.0% |
| Total Shareholder Yield | 5.1% | 4.8% | 3.1% | 6.1% | 5.0% | 0.5% | 2.3% | 3.6% | 12.8% | 2.1% | 7.5% |
| Shares Outstanding | — | $40M | $41M | $43M | $45M | $45M | $45M | $42M | $41M | $43M | $43M |
Peer Comparison
Compare BDC 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 |
|---|---|---|---|---|---|---|---|---|---|
 BDCYou | $4B | 19.0 | 11.8 | 20.0 | 36.0% | 12.2% | 18.6% | 11.0% | 3.2 |
 CCOI | $817M | -4.3 | 21.3 | — | 17.5% | -10.6% | -229.1% | -3.1% | 17.6 |
 COMM | $4B | -10.0 | 18.2 | 15.9 | 31.8% | 7.9% | — | 3.7% | 13.4 |
 VIAV | $12B | 340.3 | 90.4 | 190.5 | 56.8% | 6.5% | 4.8% | 5.5% | 5.2 |
 PLXS | $7B | 41.6 | 24.5 | 45.4 | 10.1% | 5.0% | 12.4% | 11.8% | 0.6 |
 APH | $168B | 40.9 | 25.0 | 38.4 | 36.9% | 25.9% | 36.6% | 28.3% | 2.2 |
 TEL | $62B | 34.1 | 16.5 | 19.2 | 34.6% | 18.8% | 14.6% | 14.1% | 1.6 |
 CLS | $44B | 52.8 | 35.2 | 95.0 | 11.7% | 8.6% | 41.2% | 34.0% | 0.7 |
 TTEC | $149M | -0.8 | 5.8 | 1.8 | 17.6% | 4.5% | -101.0% | 6.2% | 5.4 |
 CABO | $345M | -1.0 | 4.6 | 1.2 | 51.3% | 26.5% | -22.1% | 6.1% | 4.3 |
 ATEN | $2B | 47.8 | 34.0 | 30.2 | 79.3% | 16.2% | 19.0% | 13.8% | 3.6 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonBDC — Frequently Asked Questions
Quick answers to the most common questions about buying BDC stock.
What is Belden Inc.'s P/E ratio?
Belden Inc.'s current P/E ratio is 19.0x. The historical average is 27.3x. This places it at the 37th percentile of its historical range.
What is Belden Inc.'s EV/EBITDA?
Belden Inc.'s current EV/EBITDA is 11.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.3x.
What is Belden Inc.'s ROE?
Belden Inc.'s return on equity (ROE) is 18.6%. The historical average is 7.5%.
Is BDC stock overvalued?
Based on historical data, Belden Inc. is trading at a P/E of 19.0x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Belden Inc.'s dividend yield?
Belden Inc.'s current dividend yield is 0.18% with a payout ratio of 3.4%.
What are Belden Inc.'s profit margins?
Belden Inc. has 36.0% gross margin and 12.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Belden Inc. have?
Belden Inc.'s Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.