Latest Ratios: P/E Ratio -61.4x · EV/EBITDA 7.5x · ROE -1.5%. (1998–2025 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 | $3.2B | $3.6B | $3.0B | $3.8B | $4.2B | $1.1B | $235M | $946M | $3.7B | $5.2B | — |
| Enterprise Value | $3.2B | $3.6B | $2.7B | $3.2B | $3.2B | $1.4B | $1.2B | $1.6B | $4.1B | $5.6B | — |
| P/E Ratio → | -61.42 | — | 7.76 | 4.86 | 3.18 | 3.13 | — | — | 5.70 | — | — |
| P/S Ratio | 0.83 | 0.94 | 0.70 | 0.76 | 0.83 | 0.34 | 0.08 | 0.20 | 0.66 | 0.93 | — |
| P/B Ratio | 0.90 | 1.01 | 0.80 | 1.04 | 1.26 | 0.62 | 0.24 | 0.35 | 1.07 | 1.42 | — |
| P/FCF | 6.09 | 6.85 | 14.57 | 5.46 | 4.37 | 4.76 | — | 2.41 | 3.10 | 6.26 | — |
| P/OCF | 3.39 | 3.81 | 4.90 | 3.62 | 3.54 | 2.69 | — | 1.40 | 2.48 | 5.12 | — |
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 | — | 0.92 | 0.65 | 0.64 | 0.64 | 0.41 | 0.41 | 0.35 | 0.73 | 1.01 | — |
| EV / EBITDA | 7.48 | 8.43 | 3.27 | 2.28 | 1.83 | 1.72 | — | 2.42 | 2.92 | 3.55 | — |
| EV / EBIT | 5254.73 | 341.69 | 4.86 | 2.69 | 2.26 | 2.45 | — | 945.14 | 5.01 | 7.95 | — |
| EV / FCF | — | 6.73 | 13.42 | 4.63 | 3.38 | 5.72 | — | 4.10 | 3.43 | 6.81 | — |
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 | 2.7% | 2.7% | 19.3% | 31.6% | 33.9% | 23.1% | 12.4% | 23.5% | 27.0% | 27.7% | 12.9% |
| Operating Margin | 0.0% | 0.0% | 10.5% | 21.7% | 27.7% | 13.0% | -60.0% | 1.3% | 11.9% | 15.9% | -5.9% |
| Net Profit Margin | -1.4% | -1.4% | 8.8% | 15.4% | 26.0% | 10.9% | -64.9% | -4.6% | 11.6% | 8.3% | -15.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.5% | -1.5% | 10.1% | 22.0% | 50.7% | 25.7% | -102.4% | -6.9% | 18.2% | 23.1% | -121.6% |
| ROA | -0.9% | -0.9% | 6.2% | 13.1% | 24.6% | 7.5% | -33.4% | -3.0% | 8.3% | 4.6% | -6.5% |
| ROIC | 0.0% | 0.0% | 10.3% | 29.9% | 47.1% | 16.3% | -49.2% | 1.3% | 12.5% | 36.9% | -6.5% |
| ROCE | 0.0% | 0.0% | 8.8% | 22.2% | 31.7% | 10.9% | -36.6% | 1.0% | 9.9% | 10.0% | -2.7% |
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 | 0.14 | 0.14 | 0.13 | 0.11 | 0.11 | 0.65 | 1.70 | 0.52 | 0.40 | 0.40 | 0.06 |
| Debt / EBITDA | 1.21 | 1.21 | 0.56 | 0.29 | 0.21 | 1.50 | — | 2.10 | 0.98 | 0.92 | 0.09 |
| Net Debt / Equity | — | -0.02 | -0.06 | -0.16 | -0.29 | 0.12 | 0.98 | 0.25 | 0.11 | 0.12 | -2.47 |
| Net Debt / EBITDA | -0.15 | -0.15 | -0.28 | -0.41 | -0.54 | 0.29 | — | 1.00 | 0.28 | 0.28 | -3.70 |
| Debt / FCF | — | -0.12 | -1.14 | -0.83 | -1.00 | 0.96 | — | 1.69 | 0.32 | 0.54 | — |
| Interest Coverage | 0.24 | 0.24 | 12.00 | 19.81 | 10.11 | 3.02 | -12.25 | 0.01 | 5.38 | 4.63 | -1.54 |
Net cash position: cash ($575M) exceeds total debt ($511M)
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 | 1.85 | 1.85 | 2.15 | 2.06 | 2.58 | 1.93 | 1.80 | 1.65 | 1.85 | 1.76 | 2.07 |
| Quick Ratio | 1.40 | 1.40 | 1.68 | 1.70 | 2.26 | 1.69 | 1.47 | 1.31 | 1.58 | 1.53 | 1.86 |
| Cash Ratio | 0.68 | 0.68 | 0.85 | 0.99 | 1.42 | 1.02 | 0.90 | 0.75 | 0.93 | 0.81 | 0.86 |
| Asset Turnover | — | 0.66 | 0.71 | 0.83 | 0.89 | 0.67 | 0.62 | 0.71 | 0.75 | 0.68 | 0.40 |
| Inventory Turnover | 9.80 | 9.80 | 8.70 | 9.62 | 11.11 | 11.26 | 9.65 | 10.67 | 14.53 | 13.84 | 20.16 |
| Days Sales Outstanding | — | 29.77 | 30.95 | 28.75 | 34.10 | 38.55 | 31.01 | 26.01 | 29.45 | 36.12 | 36.61 |
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 | 1.1% | 1.0% | 1.3% | 0.8% | — | — | — | 27.3% | 1.6% | — | — |
| Payout Ratio | — | — | 10.1% | 4.0% | — | — | — | — | 9.2% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 12.9% | 20.6% | 31.5% | 32.0% | — | — | 17.6% | — | — |
| FCF Yield | 16.4% | 14.6% | 6.9% | 18.3% | 22.9% | 21.0% | — | 41.5% | 32.2% | 16.0% | — |
| Buyback Yield | 0.0% | 0.0% | 6.3% | 9.6% | 0.1% | 0.1% | 0.7% | 36.2% | 23.0% | 3.4% | — |
| Total Shareholder Yield | 1.2% | 1.0% | 7.6% | 10.4% | 0.1% | 0.1% | 0.7% | 63.5% | 24.6% | 3.4% | — |
| Shares Outstanding | — | $122M | $142M | $154M | $157M | $112M | $98M | $104M | $121M | $131M | $18M |
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying BTU stock.
Peabody Energy Corporation's current P/E ratio is -61.4x. The historical average is 4.9x.
Peabody Energy Corporation's current EV/EBITDA is 7.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.3x.
Peabody Energy Corporation's return on equity (ROE) is -1.5%. The historical average is -2.0%.
Based on historical data, Peabody Energy Corporation is trading at a P/E of -61.4x. Compare with industry peers and growth rates for a complete picture.
Peabody Energy Corporation's current dividend yield is 1.13%.
Peabody Energy Corporation has 2.7% gross margin and 0.0% operating margin.
Peabody Energy Corporation's Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Margin compression and operational disruptions
Metrics are mathematically derived from official filings.
Margin Collapse Signals Structural Stress
Gross margin plunged from 22.9% in Q2 2024 to -7.2% in Q2 2026, while net margin turned -9.0%, per reported figures, indicating severe cost pressures overwhelming revenue.
The dramatic contraction in gross margin over eight quarters suggests that input cost inflation and operational disruptions at Centurion are eroding pricing power. Operating margin followed a similar trajectory, turning deeply negative in Q2 2026, which implies that fixed costs are not being absorbed by current volumes. This margin compression appears more severe than typical cyclicality, warranting close monitoring of whether cost pressures are transient or structural.
Return on Capital Turns Negative
ROIC fell from 5.3% in Q2 2024 to -2.1% in Q2 2026, while ROE dropped to -2.6%, based on quarterly data, indicating capital is currently being destroyed.
The shift from positive to negative returns on invested capital reflects both margin erosion and a contracting asset base. With total assets declining from $6.0B to $5.4B, the company is not generating sufficient operating income to cover its cost of capital. This suggests that the current asset base, particularly the PRB operations, may be underearning, and investors should monitor whether the Centurion ramp-up can restore returns to historical levels.
Working Capital Efficiency Improves Despite Losses
Cash conversion cycle improved to -2 days in Q2 2026 from 20 days in Q4 2024, driven by extended payables and faster receivables collection, as per financial statements.
The negative CCC indicates that BTU is effectively using supplier financing to fund operations, with DPO at 67 days versus DSO of 29 days. This improvement in working capital efficiency is notable given the operational losses, suggesting that management is actively managing cash conversion. However, the reliance on extended payables may strain supplier relationships if volumes remain depressed, and the sustainability of this efficiency gain warrants monitoring.
Minimal Debt Masks Coverage Concerns
Debt-to-equity remains low at 0.13, but interest coverage turned negative at -7.5x in Q2 2026, per reported data, as operating losses outpace modest interest expense.
The conservative capital structure provides a buffer, but the negative interest coverage indicates that current earnings are insufficient to service debt obligations. While the absolute debt level is manageable, the trend in coverage is deteriorating, and if losses persist, the company may need to draw on cash reserves to meet interest payments. This underscores the importance of the Centurion ramp-up to restore positive coverage.
Liquidity Buffer Remains Adequate
Current ratio improved to 2.01 in Q2 2026 from 1.85 in Q4 2025, with cash of $526.3M, according to balance sheet data, providing a cushion against near-term obligations.
Despite operational losses, the liquidity position appears stable, with a current ratio above 2.0 and a quick ratio of 1.46, indicating that inventory is not a major liquidity concern. The cash balance, while down from prior levels, still covers short-term liabilities. However, the negative FCF in some quarters and ongoing capex for Centurion could erode this buffer if losses persist, so investors should monitor cash burn.
Misapplied Metric: EV/EBITDA
EV/EBITDA of 7.82 appears low, but with negative EBITDA in Q2 2026, this multiple is distorted, per reported figures, obscuring the true earnings power.
The EV/EBITDA multiple is commonly used for coal producers, but for BTU, the TTM EBITDA is depressed due to margin compression, making the multiple misleadingly low. A more appropriate metric is EV/EBIT or EV/FCF, which better captures the cash-generating ability of the assets. Given the negative net income, investors should focus on cash flow metrics and the potential for normalized earnings once Centurion reaches full production.