Latest Ratios: P/E Ratio 129.4x · EV/EBITDA 9.0x · ROE N/A. (2003–2025 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 | $1.8B | $1.2B | $2.4B | $1.6B | $1.0B | $2.8B | $2.1B | $2.9B | $4.7B | $3.0B | $3.1B |
| Enterprise Value | $3.3B | $2.7B | $3.9B | $3.2B | $2.5B | $4.5B | $3.7B | $4.0B | $5.6B | $3.9B | $3.8B |
| P/E Ratio → | 129.38 | 81.03 | 13.63 | — | — | — | 25.45 | 30.30 | 106.59 | — | 56.39 |
| P/S Ratio | 0.53 | 0.35 | 0.72 | 0.51 | 0.35 | 1.09 | 0.85 | 1.05 | 1.80 | 1.39 | 1.71 |
| P/B Ratio | — | — | — | — | — | — | — | 14.76 | 25.93 | 24.52 | 13.21 |
| P/FCF | 12.54 | 8.31 | 8.00 | 83.37 | 10.13 | 17.00 | 8.69 | 13.59 | 51.75 | 65.62 | 21.81 |
| P/OCF | 6.10 | 4.04 | 6.75 | 11.99 | 4.62 | 10.63 | 6.26 | 8.69 | 24.28 | 18.87 | 12.36 |
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 | — | 0.79 | 1.18 | 1.04 | 0.88 | 1.76 | 1.49 | 1.46 | 2.16 | 1.83 | 2.13 |
| EV / EBITDA | 8.96 | 7.29 | 9.73 | 14.51 | 11.35 | 15.24 | 16.55 | 11.91 | 17.12 | 34.74 | 18.13 |
| EV / EBIT | 14.55 | 12.62 | 15.65 | 38.61 | 23.27 | 81.01 | 47.01 | 21.14 | 46.87 | — | 36.53 |
| EV / FCF | — | 18.48 | 13.13 | 170.22 | 25.26 | 27.28 | 15.19 | 18.97 | 62.01 | 86.87 | 27.19 |
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 | 47.5% | 47.5% | 48.5% | 46.7% | 48.3% | 49.5% | 49.7% | 49.1% | 50.6% | 51.5% | 57.3% |
| Operating Margin | 6.6% | 6.6% | 7.5% | 1.9% | 1.6% | 4.8% | 2.3% | 5.9% | 6.1% | -2.1% | 4.4% |
| Net Profit Margin | 0.4% | 0.4% | 5.3% | -6.0% | -1.9% | -3.3% | 3.4% | 3.5% | 1.7% | -3.4% | 3.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | 50.7% | 29.1% | -40.7% | 20.2% |
| ROA | 0.8% | 0.8% | 9.3% | -9.2% | -2.5% | -4.3% | 4.5% | 5.4% | 2.6% | -4.6% | 3.9% |
| ROIC | 17.8% | 17.8% | 18.4% | 4.0% | 2.9% | 7.2% | 3.3% | 10.1% | 10.8% | -3.3% | 6.5% |
| ROCE | 18.6% | 18.6% | 20.3% | 4.3% | 3.1% | 8.6% | 4.2% | 13.0% | 13.1% | -3.9% | 7.3% |
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 | — | — | — | — | — | — | — | 6.03 | 5.38 | 8.15 | 3.59 |
| Debt / EBITDA | 4.65 | 4.65 | 4.32 | 8.00 | 8.04 | 6.36 | 7.28 | 3.48 | 2.97 | 8.72 | 3.95 |
| Net Debt / Equity | — | — | — | — | — | — | — | 5.84 | 5.14 | 7.94 | 3.26 |
| Net Debt / EBITDA | 4.01 | 4.01 | 3.80 | 7.40 | 6.80 | 5.74 | 7.08 | 3.38 | 2.83 | 8.50 | 3.58 |
| Debt / FCF | — | 10.16 | 5.13 | 86.85 | 15.12 | 10.27 | 6.50 | 5.38 | 10.26 | 21.24 | 5.38 |
| Interest Coverage | 1.84 | 1.84 | 2.07 | 0.73 | 1.09 | 0.47 | 1.04 | 3.01 | 2.25 | -0.80 | 2.73 |
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 | 0.66 | 0.66 | 0.69 | 0.68 | 0.90 | 0.83 | 0.51 | 0.46 | 0.50 | 0.55 | 0.60 |
| Quick Ratio | 0.51 | 0.51 | 0.54 | 0.52 | 0.72 | 0.72 | 0.35 | 0.33 | 0.37 | 0.44 | 0.54 |
| Cash Ratio | 0.31 | 0.31 | 0.31 | 0.26 | 0.47 | 0.53 | 0.09 | 0.07 | 0.09 | 0.06 | 0.25 |
| Asset Turnover | — | 1.73 | 1.74 | 1.66 | 1.33 | 1.18 | 1.37 | 1.47 | 1.57 | 1.27 | 1.22 |
| Inventory Turnover | 15.82 | 15.82 | 17.47 | 15.21 | 11.78 | 18.56 | 15.58 | 21.13 | 21.12 | 22.25 | 42.08 |
| Days Sales Outstanding | — | 7.32 | 7.16 | 7.98 | 8.08 | 7.18 | 5.09 | 8.05 | 7.83 | 8.31 | 6.60 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| 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% | 1.2% | 7.3% | — | — | — | 3.9% | 3.3% | 0.9% | — | 1.8% |
| FCF Yield | 8.0% | 12.0% | 12.5% | 1.2% | 9.9% | 5.9% | 11.5% | 7.4% | 1.9% | 1.5% | 4.6% |
| Buyback Yield | 4.3% | 6.5% | 6.6% | 0.0% | 0.3% | 0.1% | 29.6% | 1.9% | 2.0% | 1.7% | 5.0% |
| Total Shareholder Yield | 4.3% | 6.5% | 6.6% | 0.0% | 0.3% | 0.1% | 29.6% | 1.9% | 2.0% | 1.7% | 5.0% |
| Shares Outstanding | — | $26M | $27M | $26M | $26M | $26M | $28M | $32M | $32M | $31M | $33M |
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying CMPR stock.
Cimpress plc's current P/E ratio is 129.4x. The historical average is 44.3x. This places it at the 100th percentile of its historical range.
Cimpress plc's current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.1x.
Based on historical data, Cimpress plc is trading at a P/E of 129.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Cimpress plc has 47.5% gross margin and 6.6% operating margin.
Cimpress plc's Debt/EBITDA ratio is 4.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Negative equity amid high leverage
Metrics are mathematically derived from official filings.
Valuation Gap Reflects Margin Uncertainty
Cimpress trades at a forward P/E of 17.82x, a significant discount to its trailing P/E of 153.64x, suggesting the market is pricing in a substantial earnings recovery that is not yet reflected in current profitability.
The wide gap between trailing and forward multiples indicates the market is looking past current thin margins, likely anticipating the benefits of MCP integration and scale. However, the EV/EBITDA of 9.89x appears elevated relative to peers like Quad/Graphics (4.56x), which may reflect a premium for Cimpress's technology platform but also underscores the risk if margin expansion fails to materialize. The P/S ratio of 0.63x is low for a technology-enabled business, suggesting the market still views it through an industrial lens.
Gross Margin Erosion Undermines Operating Leverage
Gross margin has compressed by approximately 300 basis points over the last ten quarters, from 48.6% in 2024Q4 to 45.5% in 2026Q4, indicating persistent cost headwinds that are outpacing any pricing power.
This erosion in the core value-add metric suggests that input cost inflation and competitive pressures are outweighing the efficiency gains from the Mass Customization Platform. The thin operating margin of 7.1% and net margin of 2.7% in the latest quarter demonstrate that SG&A and marketing costs are consuming the majority of gross profit, leaving minimal buffer for operational missteps. The business appears to be in a challenging position where revenue growth is not translating into meaningful profit expansion.
ROIC Recovery Fails to Cover Cost of Capital
Return on Invested Capital (ROIC) has recovered to 4.6% in 2026Q4 from a low of 2.9% in 2025Q1, but remains well below the company's estimated weighted average cost of capital, indicating ongoing value destruction.
The ROIC trend shows improvement from cyclical lows, but the absolute level suggests the company is not generating returns sufficient to justify its asset base. This is consistent with the high fixed-cost structure and the significant investment in manufacturing and technology. The negative equity position further complicates the analysis, as traditional ROE is meaningless, making ROIC the critical metric for assessing whether the business is creating or eroding shareholder value.
Debt Burden Constrains Financial Flexibility
With a Debt/EBITDA ratio of 16.13x in 2026Q4 and a current ratio consistently below 1.0, Cimpress's balance sheet remains under significant strain, limiting its ability to invest or weather downturns.
The leverage ratio is extremely high, and while interest coverage has improved to 2.56x, it remains at a level that would be considered risky in a rising rate environment. The persistent negative equity and reliance on short-term financing, as indicated by the sub-1.0 current ratio, suggest the company is operating with minimal financial cushion. This high leverage profile makes the business particularly vulnerable to any deterioration in operating performance or tightening of credit markets.
Working Capital Management Drives Cash Volatility
The Cash Conversion Cycle (CCC) has been highly volatile, ranging from -27 to -40 days over the last ten quarters, indicating that swings in inventory and payable management are the primary drivers of free cash flow unpredictability.
The negative CCC is a structural feature of the business model, as Cimpress collects from customers quickly (DSO of 7-8 days) while taking longer to pay suppliers (DPO of 56-69 days). However, the significant volatility in this cycle, particularly in Days Inventory Outstanding (DIO), suggests inconsistent inventory management or demand forecasting. This volatility directly translates to the erratic free cash flow pattern observed, making it difficult to predict quarterly cash generation.
The Misleading Power of the P/E Ratio
The trailing P/E ratio of 153.64x is the most commonly misapplied metric for Cimpress, as it is distorted by volatile, non-recurring items and fails to reflect the company's true earning power or cash generation capacity.
For a company with a history of restructuring charges, significant amortization of acquisition-related intangibles, and large stock-based compensation, the GAAP P/E is nearly meaningless. It creates a false impression of extreme overvaluation. Analysts should instead focus on the EV/EBITDA multiple or, more critically, the Price/FCF ratio (14.90x), which better captures the cash economics of the business. The forward P/E of 17.82x is more relevant but still depends on the uncertain margin expansion thesis.