Bel Fuse Inc. (BELFB) Financial Ratios
30 years of historical data (1996–2025) · Technology · Hardware, Equipment & Parts
EV/EBITDA
↑
29.98
↑+182% vs avg
5yr avg: 10.64
30Y Low5.3·High23.9
P/FCF
↑
56.63
↑+213% vs avg
5yr avg: 18.09
30Y Low3.7·High105.5
P/B Ratio
↑
7.35
↑+217% vs avg
5yr avg: 2.32
30Y Low0.9·High4.1
ROE
↑
12.8%
↑-23% vs avg
5yr avg: 16.5%
30Y Low-33%·High26%
Debt/EBITDA
↓
1.77
↓-18% vs avg
5yr avg: 2.16
30Y Low0.0·High6.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BELFB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bel Fuse Inc. trades at 65.6x earnings, 266% above its 5-year average of 17.9x, sitting at the 95th percentile of its historical range. Compared to the Technology sector median P/E of 28.3x, the stock trades at a premium of 132%. On a free-cash-flow basis, the stock trades at 56.6x P/FCF, 213% above the 5-year average of 18.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.8B | $2.1B | $1.0B | $853M | $470M | $182M | $211M | $286M | $223M | $303M | $368M |
| Enterprise Value | $4.0B | $2.3B | $1.3B | $846M | $518M | $255M | $256M | $377M | $283M | $356M | $436M |
| P/E Ratio → | 65.59 | 36.56 | 25.30 | 11.55 | 8.92 | 7.35 | 16.52 | — | 10.77 | — | — |
| P/S Ratio | 5.70 | 3.15 | 1.93 | 1.33 | 0.72 | 0.34 | 0.45 | 0.58 | 0.41 | 0.62 | 0.74 |
| P/B Ratio | 7.35 | 4.10 | 2.35 | 2.50 | 1.79 | 0.87 | 1.13 | 1.70 | 1.26 | 1.92 | 2.33 |
| P/FCF | 56.63 | 31.28 | 17.26 | 8.87 | 14.95 | — | 5.19 | 19.67 | — | 17.12 | 12.13 |
| P/OCF | 48.13 | 26.59 | 13.97 | 7.87 | 11.67 | 39.39 | 4.57 | 11.71 | 22.10 | 12.56 | 9.54 |
P/E links to full P/E history page with 30-year chart
BELFB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bel Fuse Inc.'s enterprise value stands at 30.0x EBITDA, 182% above its 5-year average of 10.6x. The Technology sector median is 16.6x, placing the stock at a 80% premium 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 | — | 3.41 | 2.40 | 1.32 | 0.79 | 0.47 | 0.55 | 0.77 | 0.52 | 0.72 | 0.87 |
| EV / EBITDA | 29.98 | 17.16 | 15.91 | 8.35 | 6.48 | 5.29 | 7.30 | 15.51 | 5.93 | 9.62 | — |
| EV / EBIT | 37.38 | 21.39 | 19.50 | 9.82 | 8.30 | 8.25 | 15.17 | — | 10.88 | 18.32 | — |
| EV / FCF | — | 33.93 | 21.43 | 8.79 | 16.49 | — | 6.30 | 25.89 | — | 20.14 | 14.36 |
BELFB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bel Fuse Inc. earns an operating margin of 15.9%. Operating margins have expanded from 13.8% to 15.9% over the past 3 years, signaling improving operational efficiency. ROE of 12.8% is modest. ROIC of 11.6% 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 | 39.1% | 39.1% | 37.8% | 33.7% | 28.0% | 24.7% | 25.7% | 22.5% | 20.0% | 20.8% | 20.0% |
| Operating Margin | 15.9% | 15.9% | 12.0% | 13.8% | 10.0% | 5.8% | 4.0% | 1.6% | 5.4% | 3.3% | -15.3% |
| Net Profit Margin | 9.1% | 9.1% | 7.7% | 11.5% | 8.1% | 4.6% | 2.7% | -1.8% | 3.8% | -2.4% | -13.0% |
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 | 12.8% | 12.8% | 10.5% | 24.5% | 22.4% | 12.6% | 7.2% | -5.1% | 12.4% | -7.5% | -33.1% |
| ROA | 6.5% | 6.5% | 5.4% | 13.0% | 9.8% | 5.1% | 2.8% | -1.9% | 4.7% | -2.8% | -12.8% |
| ROIC | 11.6% | 11.6% | 9.4% | 20.5% | 16.5% | 9.2% | 5.7% | 2.4% | 9.9% | 5.6% | -20.4% |
| ROCE | 13.2% | 13.2% | 10.0% | 19.9% | 15.8% | 8.2% | 5.0% | 2.2% | 8.7% | 4.8% | -19.1% |
BELFB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bel Fuse Inc. carries a Debt/EBITDA ratio of 1.8x, which is manageable (40% below the sector average of 2.9x). Net debt stands at $179M ($237M total debt minus $58M cash). Interest coverage of 7.3x 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 | 0.46 | 0.46 | 0.72 | 0.24 | 0.45 | 0.64 | 0.70 | 0.97 | 0.65 | 0.78 | 0.89 |
| Debt / EBITDA | 1.77 | 1.77 | 3.94 | 0.81 | 1.48 | 2.79 | 3.71 | 6.70 | 2.39 | 3.31 | — |
| Net Debt / Equity | — | 0.35 | 0.57 | -0.02 | 0.18 | 0.35 | 0.24 | 0.54 | 0.34 | 0.34 | 0.43 |
| Net Debt / EBITDA | 1.34 | 1.34 | 3.10 | -0.07 | 0.60 | 1.50 | 1.29 | 3.73 | 1.26 | 1.44 | — |
| Debt / FCF | — | 2.64 | 4.17 | -0.08 | 1.54 | — | 1.11 | 6.22 | — | 3.01 | 2.23 |
| Interest Coverage | 7.30 | 7.30 | 16.16 | 30.23 | 18.48 | 8.72 | 3.56 | -0.34 | 4.90 | 2.86 | -11.39 |
BELFB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Bel Fuse Inc.'s current ratio of 3.02x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.71x 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 3.45x to 3.02x 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 | 3.02 | 3.02 | 2.92 | 3.45 | 2.80 | 2.94 | 3.20 | 3.14 | 2.74 | 3.05 | 2.77 |
| Quick Ratio | 1.71 | 1.71 | 1.66 | 2.21 | 1.53 | 1.69 | 2.06 | 1.95 | 1.61 | 1.81 | 1.70 |
| Cash Ratio | 0.45 | 0.45 | 0.54 | 1.15 | 0.52 | 0.55 | 0.97 | 0.80 | 0.51 | 0.79 | 0.80 |
| Asset Turnover | — | 0.72 | 0.56 | 1.12 | 1.17 | 1.06 | 1.03 | 1.05 | 1.24 | 1.14 | 1.17 |
| Inventory Turnover | 2.46 | 2.46 | 2.06 | 3.11 | 2.73 | 2.94 | 3.46 | 3.56 | 3.65 | 3.62 | 4.05 |
| Days Sales Outstanding | — | 65.65 | 79.42 | 55.29 | 70.03 | 77.51 | 67.01 | 68.50 | 71.74 | 58.51 | 54.31 |
BELFB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bel Fuse Inc. returns 0.1% to shareholders annually primarily through dividends. The payout ratio of 5.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.5% (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 | 0.1% | 0.2% | 0.3% | 0.4% | 0.7% | 1.9% | 1.6% | 1.2% | 1.5% | 1.1% | 0.9% |
| Payout Ratio | 5.6% | 5.6% | 8.4% | 4.7% | 6.5% | 13.6% | 26.3% | — | 15.9% | — | — |
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 | 1.5% | 2.7% | 4.0% | 8.7% | 11.2% | 13.6% | 6.1% | — | 9.3% | — | — |
| FCF Yield | 1.8% | 3.2% | 5.8% | 11.3% | 6.7% | — | 19.3% | 5.1% | — | 5.8% | 8.2% |
| Buyback Yield | 0.0% | 0.0% | 1.6% | 0.0% | 0.1% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.1% | 0.2% | 1.9% | 0.4% | 0.8% | 1.9% | 1.6% | 1.3% | 1.5% | 1.1% | 0.9% |
| Shares Outstanding | — | $13M | $13M | $13M | $14M | $14M | $14M | $14M | $12M | $12M | $12M |
Peer Comparison
Compare BELFB 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 |
|---|---|---|---|---|---|---|---|---|---|
 BELFBYou | $4B | 65.6 | 30.0 | 56.6 | 39.1% | 15.9% | 12.8% | 11.6% | 1.8 |
 BDC | $5B | 20.6 | 12.6 | 21.7 | 36.0% | 12.2% | 18.6% | 11.0% | 3.2 |
 VICR | $16B | 140.0 | 279.4 | 138.3 | 52.6% | 9.0% | 18.5% | 8.9% | 0.2 |
 POWI | $5B | 224.0 | 97.2 | 55.9 | 54.5% | 4.8% | 3.1% | 2.4% | — |
 PLPC | $2B | 56.2 | 24.7 | 58.9 | 31.4% | 8.2% | 7.9% | 9.8% | 0.6 |
 HUBB | $29B | 32.6 | 22.6 | 32.8 | 35.5% | 20.8% | 24.8% | 17.1% | 1.9 |
 LII | $19B | 24.1 | 18.5 | 29.2 | 33.0% | 19.5% | 78.1% | 29.8% | 1.8 |
 CTS | $2B | 31.2 | 16.7 | 22.6 | 38.5% | 15.6% | 12.1% | 11.1% | 1.0 |
 KLIC | $7B | 9999.0 | 428.7 | 67.5 | 42.5% | -0.5% | 0.0% | -0.3% | 2.6 |
 TTEC | $101M | -0.5 | 5.5 | 1.2 | 21.8% | 4.5% | -101.0% | 6.3% | 5.4 |
 AVT | $8B | 33.6 | 13.7 | 13.1 | 10.7% | 2.8% | 4.8% | 6.0% | 3.8 |
| Technology Median | — | 28.3 | 16.6 | 18.8 | 48.8% | 0.2% | 1.6% | 2.7% | 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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BELFB — Frequently Asked Questions
Quick answers to the most common questions about buying BELFB stock.
What is Bel Fuse Inc.'s P/E ratio?
Bel Fuse Inc.'s current P/E ratio is 65.6x. The historical average is 22.6x. This places it at the 95th percentile of its historical range.
What is Bel Fuse Inc.'s EV/EBITDA?
Bel Fuse Inc.'s current EV/EBITDA is 30.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.3x.
What is Bel Fuse Inc.'s ROE?
Bel Fuse Inc.'s return on equity (ROE) is 12.8%. The historical average is 7.2%.
Is BELFB stock overvalued?
Based on historical data, Bel Fuse Inc. is trading at a P/E of 65.6x. This is at the 95th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Bel Fuse Inc.'s dividend yield?
Bel Fuse Inc.'s current dividend yield is 0.09% with a payout ratio of 5.6%.
What are Bel Fuse Inc.'s profit margins?
Bel Fuse Inc. has 39.1% gross margin and 15.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Bel Fuse Inc. have?
Bel Fuse Inc.'s Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.