Latest Ratios: P/E Ratio 22.4x · EV/EBITDA 17.9x · ROE 5.8%. (1999–2025 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 | $21.1B | $14.8B | $11.0B | $15.2B | $15.3B | $14.2B | $9.8B | $8.1B | $7.6B | $9.5B | $10.7B |
| Enterprise Value | $35.9B | $29.5B | $14.8B | $18.4B | $19.8B | $20.1B | $17.6B | $13.6B | $12.6B | $13.7B | $14.6B |
| P/E Ratio → | 22.36 | 18.11 | 9.73 | 6.79 | 9.49 | 6.84 | 8.51 | — | 32.59 | 75.37 | 14.42 |
| P/S Ratio | 0.30 | 0.21 | 0.21 | 0.26 | 0.23 | 0.24 | 0.24 | 0.20 | 0.17 | 0.21 | 0.25 |
| P/B Ratio | 1.05 | 0.85 | 1.01 | 1.29 | 1.53 | 1.73 | 1.48 | 1.27 | 1.11 | 1.29 | 1.46 |
| P/FCF | — | — | 21.07 | 6.96 | — | — | — | — | — | — | — |
| P/OCF | 25.04 | 17.57 | 5.81 | 4.60 | — | — | — | — | — | 9.42 | 5.62 |
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 | — | 0.42 | 0.28 | 0.31 | 0.29 | 0.34 | 0.42 | 0.33 | 0.27 | 0.30 | 0.34 |
| EV / EBITDA | 17.94 | 14.78 | 7.12 | 5.13 | 7.28 | 7.89 | 9.44 | — | 8.57 | 14.59 | 8.71 |
| EV / EBIT | 27.66 | 16.77 | 7.44 | 5.15 | 8.02 | 7.17 | 10.47 | — | 15.79 | 27.73 | 11.84 |
| EV / FCF | — | — | 28.34 | 8.41 | — | — | — | — | — | — | — |
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 | 4.8% | 4.8% | 6.4% | 8.1% | 5.5% | 5.7% | 6.7% | 1.3% | 5.0% | 3.9% | 5.6% |
| Operating Margin | 1.8% | 1.8% | 3.0% | 5.3% | 3.4% | 3.6% | 3.4% | -2.0% | 1.8% | 0.7% | 2.6% |
| Net Profit Margin | 1.2% | 1.2% | 2.1% | 3.8% | 2.4% | 3.5% | 2.8% | -3.1% | 0.6% | 0.3% | 1.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.8% | 5.8% | 10.0% | 20.6% | 17.7% | 28.0% | 17.6% | -19.4% | 3.8% | 2.2% | 10.6% |
| ROA | 2.4% | 2.4% | 4.5% | 9.0% | 6.7% | 8.8% | 5.5% | -6.8% | 1.4% | 0.8% | 4.0% |
| ROIC | 4.1% | 4.1% | 8.2% | 15.9% | 12.1% | 11.2% | 8.2% | -5.1% | 5.4% | 2.2% | 7.6% |
| ROCE | 5.5% | 5.5% | 9.2% | 19.2% | 15.7% | 15.7% | 11.7% | -6.7% | 6.8% | 2.7% | 10.2% |
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 | 0.91 | 0.91 | 0.65 | 0.49 | 0.56 | 0.83 | 1.22 | 0.89 | 0.79 | 0.65 | 0.65 |
| Debt / EBITDA | 7.93 | 7.93 | 3.41 | 1.61 | 2.07 | 2.67 | 4.35 | — | 3.67 | 5.12 | 2.86 |
| Net Debt / Equity | — | 0.84 | 0.35 | 0.27 | 0.45 | 0.72 | 1.17 | 0.84 | 0.73 | 0.57 | 0.53 |
| Net Debt / EBITDA | 7.36 | 7.36 | 1.83 | 0.88 | 1.66 | 2.32 | 4.16 | — | 3.40 | 4.47 | 2.31 |
| Debt / FCF | — | — | 7.27 | 1.44 | — | — | — | — | — | — | — |
| Interest Coverage | 2.81 | 2.81 | 4.24 | 6.91 | 6.13 | 11.56 | 6.33 | -2.55 | 2.35 | 1.87 | 5.26 |
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 | 1.61 | 1.61 | 2.15 | 2.13 | 1.75 | 1.77 | 1.47 | 1.55 | 1.54 | 1.67 | 1.44 |
| Quick Ratio | 0.71 | 0.71 | 1.27 | 1.20 | 0.87 | 0.86 | 0.82 | 0.79 | 0.72 | 0.86 | 0.82 |
| Cash Ratio | 0.15 | 0.15 | 0.51 | 0.35 | 0.13 | 0.15 | 0.06 | 0.11 | 0.08 | 0.13 | 0.14 |
| Asset Turnover | — | 1.58 | 2.13 | 2.35 | 2.74 | 2.48 | 1.75 | 2.25 | 2.35 | 2.43 | 2.22 |
| Inventory Turnover | 4.90 | 4.90 | 7.66 | 7.70 | 7.56 | 6.62 | 5.38 | 8.06 | 7.41 | 8.68 | 8.44 |
| Days Sales Outstanding | — | 25.02 | 18.81 | 18.54 | 17.89 | 15.46 | 18.77 | 19.68 | 17.87 | 17.38 | 19.88 |
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 | 2.5% | 3.1% | 3.4% | 2.5% | 2.3% | 2.0% | 2.9% | 3.5% | 3.6% | 2.6% | 2.1% |
| Payout Ratio | 56.3% | 56.3% | 33.2% | 17.1% | 21.7% | 13.9% | 24.6% | — | 101.5% | 154.4% | 29.9% |
| 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% | 5.5% | 10.3% | 14.7% | 10.5% | 14.6% | 11.8% | — | 3.1% | 1.3% | 6.9% |
| FCF Yield | — | — | 4.7% | 14.4% | — | — | — | — | — | — | — |
| Buyback Yield | 2.6% | 3.7% | 10.0% | 3.9% | 1.3% | 0.7% | 1.0% | 0.0% | 0.0% | 0.0% | 1.9% |
| Total Shareholder Yield | 5.1% | 6.8% | 13.4% | 6.5% | 3.6% | 2.7% | 3.9% | 3.5% | 3.6% | 2.6% | 4.0% |
| Shares Outstanding | — | $166M | $142M | $151M | $153M | $152M | $150M | $141M | $142M | $141M | $148M |
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying BG stock.
Bunge Global S.A.'s current P/E ratio is 22.4x. The historical average is 18.0x. This places it at the 83th percentile of its historical range.
Bunge Global S.A.'s current EV/EBITDA is 17.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
Bunge Global S.A.'s return on equity (ROE) is 5.8%. The historical average is 9.2%.
Based on historical data, Bunge Global S.A. is trading at a P/E of 22.4x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Bunge Global S.A.'s current dividend yield is 2.51% with a payout ratio of 56.3%.
Bunge Global S.A. has 4.8% gross margin and 1.8% operating margin.
Bunge Global S.A.'s Debt/EBITDA ratio is 7.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Leverage discrepancy and integration risk
Metrics are mathematically derived from official filings.
Thin Margins, Volatile Crush Spreads
Gross margin improved to 7.0% in 2026Q2 from 3.7% a year earlier, as reported in financial statements, yet operating margin of 4.5% remains structurally thin, reflecting the high-volume, low-margin agribusiness model.
The sequential improvement in gross margin from 3.5% in 2026Q1 to 7.0% in 2026Q2 suggests a favorable crush spread environment, but the absolute level remains far below specialty processors like Ingredion (10.1% net margin). Operating margin of 4.5% is still below ADM's 1.8% but reflects the volatile crush spread environment. The reliance on commodity processing means margin expansion is likely cyclical rather than structural, unless the mix shifts toward higher-value refined oils.
ROIC Recovery Still Subpar
ROIC improved to 2.4% in 2026Q2 from 0.3% a year earlier, based on reported figures, but remains well below the cost of capital, indicating that the Viterra merger has yet to generate adequate returns on the expanded asset base.
The 10-quarter trend shows ROIC oscillating between 0.3% and 3.1%, with the recent uptick driven by margin recovery rather than asset efficiency. Asset turnover has remained stable around 0.5x, suggesting that the doubling of assets from the Viterra merger has not yet translated into proportional revenue generation. Investors should monitor whether the integration delivers the anticipated synergies to lift ROIC sustainably above the cost of capital, as the current level does not justify the leverage taken on.
Working Capital Stretch Post-Merger
Cash conversion cycle lengthened to 56 days in 2026Q2 from 43 days in 2024Q1, according to recent SEC filings, driven by higher inventory days (63) and slower payables, indicating increased working capital strain from the Viterra consolidation.
The CCC expansion is primarily due to DIO rising from 53 to 63 days, reflecting the larger inventory base required for the expanded origination network. DPO has compressed from 30 to 23 days, suggesting reduced supplier leverage, possibly due to scale or payment terms. Asset turnover remains low at 0.51x, underscoring the capital-intensive nature of the business; efficiency gains from the merger are not yet evident in the data.
Leverage Surge Clouds Balance Sheet
Debt-to-equity climbed to 0.97 in 2026Q2 from 0.52 in 2024Q1, as reported in financial statements, while interest coverage fell to 1.91x, indicating that the Viterra acquisition has significantly increased financial risk.
The D/EBITDA ratio of 20.09x in 2026Q2 is alarming, though it reflects depressed EBITDA; the external estimate of net debt/EBITDA at 5.7x versus management's 1.9x highlights a material discrepancy that warrants investigation. Interest coverage of 1.91x is thin, leaving little room for margin compression or rate hikes. The company's ability to service debt is highly dependent on the cyclical recovery in crush spreads, and any sustained downturn could strain liquidity.
Liquidity Buffer Thins Rapidly
Current ratio fell to 1.57 in 2026Q2 from 2.15 in 2024Q4, while cash dropped from $3.3B to $593M, according to recent SEC filings, indicating a significantly tighter liquidity position post-Viterra.
The quick ratio of 0.64 in 2026Q2 is particularly concerning, as it suggests that inventory—which is subject to commodity price volatility—is a major component of current assets. With negative free cash flow margins in recent quarters (-4.3% in 2026Q2), the company may need to rely on external financing or asset sales to meet short-term obligations. The thin interest coverage and high leverage amplify the risk if commodity prices turn adverse.
P/E Misleads on Cyclical Earnings
The trailing P/E of 21.69 overstates value given the cyclicality of earnings, while the forward P/E of 11.25 appears more reasonable, but both obscure the impact of mark-to-market timing differences on reported income.
Bunge's earnings are heavily influenced by MTM accounting on derivatives, which can create phantom gains or losses that do not reflect operational performance. The P/E ratio fails to capture the optionality of the global logistics network, which can generate profits from volatility regardless of direction. Investors should instead focus on adjusted EBIT or EV/EBITDA on normalized crush spreads, as the current multiples may misprice the company's true earning power.