Century Aluminum Company (CENX) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Aluminum
EV/EBITDA
↑
22.13
↑+61% vs avg
5yr avg: 13.75
30Y Low3.1·High86.3
P/FCF
↓
60.35
↓-19% vs avg
5yr avg: 74.93
30Y Low4.3·High137.3
P/B Ratio
↑
5.24
↑+71% vs avg
5yr avg: 3.07
30Y Low0.4·High11.2
ROE
↑
5.2%
↓+16% vs avg
5yr avg: 4.5%
30Y Low-118%·High67%
Debt/EBITDA
↓
2.19
↓-29% vs avg
5yr avg: 3.10
30Y Low0.5·High28.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CENX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Century Aluminum Company trades at 123.1x earnings, 149% above its 5-year average of 49.4x, sitting at the 100th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a premium of 422%. On a free-cash-flow basis, the stock trades at 60.4x P/FCF, 19% below the 5-year average of 74.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.1B | $3.7B | $1.8B | $1.1B | $748M | $1.5B | $987M | $667M | $640M | $1.7B | $745M |
| Enterprise Value | $5.5B | $4.1B | $2.3B | $1.5B | $1.2B | $1.9B | $1.2B | $932M | $881M | $1.8B | $868M |
| P/E Ratio → | 123.12 | 93.29 | 5.54 | — | — | — | — | — | — | 38.51 | — |
| P/S Ratio | 2.02 | 1.48 | 0.81 | 0.51 | 0.27 | 0.68 | 0.62 | 0.36 | 0.34 | 1.09 | 0.56 |
| P/B Ratio | 5.24 | 3.97 | 2.71 | 3.26 | 1.87 | 3.55 | 1.81 | 0.99 | 0.84 | 2.08 | 0.98 |
| P/FCF | 60.35 | 44.03 | — | 105.82 | — | — | 33.46 | — | — | 108.25 | 45.92 |
| P/OCF | 27.88 | 20.34 | — | 10.62 | 28.87 | — | 23.01 | 37.70 | — | 45.60 | 19.52 |
P/E links to full P/E history page with 30-year chart
CENX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Century Aluminum Company's enterprise value stands at 22.1x EBITDA, 61% above its 5-year average of 13.8x. The Basic Materials sector median is 11.0x, placing the stock at a 101% 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 | — | 1.64 | 1.03 | 0.69 | 0.45 | 0.88 | 0.78 | 0.51 | 0.47 | 1.14 | 0.66 |
| EV / EBITDA | 22.13 | 16.59 | 11.22 | 14.15 | — | 13.05 | 498.31 | 86.32 | 28.33 | 10.21 | — |
| EV / EBIT | 34.98 | 82.27 | 6.21 | — | 19.81 | — | — | — | — | 21.53 | — |
| EV / FCF | — | 48.90 | — | 142.14 | — | — | 42.23 | — | — | 113.81 | 53.51 |
CENX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Century Aluminum Company earns an operating margin of 6.3%, below the Basic Materials sector average of 10.3%. Operating margins have expanded from 1.5% to 6.3% over the past 3 years, signaling improving operational efficiency. ROE of 5.2% is modest. ROIC of 9.5% represents adequate 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 | 10.1% | 10.1% | 8.3% | 4.2% | 1.7% | 5.6% | -2.3% | -1.3% | -1.2% | 8.1% | -0.8% |
| Operating Margin | 6.3% | 6.3% | 5.5% | 1.5% | -5.4% | 3.0% | -5.0% | -3.9% | -3.1% | 5.9% | -17.8% |
| Net Profit Margin | 1.7% | 1.7% | 15.2% | -2.0% | -0.5% | -7.6% | -7.7% | -4.4% | -3.5% | 3.1% | -19.1% |
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 | 5.2% | 5.2% | 66.9% | -11.6% | -3.4% | -34.6% | -20.2% | -11.2% | -8.3% | 6.1% | -28.4% |
| ROA | 2.0% | 2.0% | 17.8% | -2.6% | -0.9% | -11.3% | -8.5% | -5.3% | -4.2% | 3.1% | -15.3% |
| ROIC | 9.5% | 9.5% | 9.7% | 2.9% | -12.8% | 5.9% | -6.9% | -5.6% | -4.6% | 7.8% | -17.2% |
| ROCE | 9.8% | 9.8% | 9.5% | 3.0% | -14.4% | 6.1% | -6.6% | -5.6% | -4.4% | 6.8% | -15.9% |
CENX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Century Aluminum Company carries a Debt/EBITDA ratio of 2.2x, which is manageable (10% below the sector average of 2.4x). Net debt stands at $413M ($548M total debt minus $136M cash). Interest coverage of just 1.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.58 | 0.58 | 0.78 | 1.38 | 1.37 | 1.13 | 0.62 | 0.45 | 0.37 | 0.31 | 0.34 |
| Debt / EBITDA | 2.19 | 2.19 | 2.56 | 4.45 | — | 3.19 | 136.08 | 28.13 | 8.99 | 1.44 | — |
| Net Debt / Equity | — | 0.44 | 0.73 | 1.12 | 1.24 | 1.06 | 0.47 | 0.39 | 0.32 | 0.11 | 0.16 |
| Net Debt / EBITDA | 1.65 | 1.65 | 2.39 | 3.61 | — | 3.00 | 103.44 | 24.53 | 7.74 | 0.50 | — |
| Debt / FCF | — | 4.87 | — | 36.31 | — | — | 8.77 | — | — | 5.56 | 7.59 |
| Interest Coverage | 1.06 | 1.06 | 8.51 | -0.88 | 2.14 | -5.50 | -3.00 | -2.41 | -2.15 | 3.81 | -10.29 |
CENX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.97x means Century Aluminum Company can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.98x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.01x to 1.97x 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 | 1.97 | 1.97 | 1.73 | 1.01 | 1.65 | 1.13 | 1.90 | 2.09 | 2.26 | 2.91 | 2.46 |
| Quick Ratio | 0.98 | 0.98 | 0.57 | 0.38 | 0.68 | 0.35 | 0.69 | 0.71 | 0.73 | 1.24 | 1.16 |
| Cash Ratio | 0.26 | 0.26 | 0.07 | 0.12 | 0.13 | 0.05 | 0.34 | 0.17 | 0.17 | 0.88 | 0.74 |
| Asset Turnover | — | 1.11 | 1.14 | 1.18 | 1.89 | 1.41 | 1.15 | 1.22 | 1.23 | 1.00 | 0.86 |
| Inventory Turnover | 4.37 | 4.37 | 3.78 | 4.39 | 6.85 | 4.91 | 5.64 | 5.80 | 5.57 | 4.60 | 5.69 |
| Days Sales Outstanding | — | 50.56 | 32.16 | 28.29 | 9.42 | 14.67 | 13.94 | 19.91 | 20.28 | 12.29 | 8.05 |
CENX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Century Aluminum Company does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 0.8% (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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 0.8% | 1.1% | 18.1% | — | — | — | — | — | — | 2.6% | — |
| FCF Yield | 1.7% | 2.3% | — | 0.9% | — | — | 3.0% | — | — | 0.9% | 2.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $95M | $98M | $92M | $91M | $90M | $90M | $89M | $88M | $88M | $87M |
Peer Comparison
Compare CENX 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 |
|---|---|---|---|---|---|---|---|---|---|
 CENXYou | $5B | 123.1 | 22.1 | 60.4 | 10.1% | 6.3% | 5.2% | 9.5% | 2.2 |
 AA | $15B | 13.4 | 8.6 | 27.1 | 13.6% | 7.6% | 20.2% | 12.7% | 0.0 |
 KALU | $3B | 27.0 | 13.0 | — | 9.5% | 5.7% | 15.1% | 7.8% | 3.6 |
 CSTM | $5B | 17.7 | 8.0 | 29.1 | 10.1% | 5.6% | 32.2% | 13.4% | 2.4 |
 NEM | $115B | 16.2 | 8.2 | 15.8 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 FCX | $99B | 45.2 | 12.5 | 88.4 | 27.0% | 24.4% | 7.4% | 12.8% | 1.3 |
 MP | $11B | -121.8 | — | — | -2.4% | -44.6% | -5.0% | -4.7% | — |
 CMC | $8B | 97.8 | 10.4 | 25.7 | 15.6% | 6.7% | 2.0% | 8.5% | 1.7 |
 RS | $20B | 28.4 | 16.9 | 40.3 | 26.8% | 7.2% | 10.3% | 8.9% | 1.5 |
 NUE | $56B | 32.4 | 14.6 | — | 11.9% | 8.2% | 8.0% | 7.7% | 1.7 |
 STLD | $36B | 31.3 | 19.6 | 72.2 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
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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CENX — Frequently Asked Questions
Quick answers to the most common questions about buying CENX stock.
What is Century Aluminum Company's P/E ratio?
Century Aluminum Company's current P/E ratio is 123.1x. The historical average is 36.9x. This places it at the 100th percentile of its historical range.
What is Century Aluminum Company's EV/EBITDA?
Century Aluminum Company's current EV/EBITDA is 22.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.4x.
What is Century Aluminum Company's ROE?
Century Aluminum Company's return on equity (ROE) is 5.2%. The historical average is -7.7%.
Is CENX stock overvalued?
Based on historical data, Century Aluminum Company is trading at a P/E of 123.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Century Aluminum Company's profit margins?
Century Aluminum Company has 10.1% gross margin and 6.3% operating margin.
How much debt does Century Aluminum Company have?
Century Aluminum Company's Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.