Carriage Services, Inc. (CSV) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Personal Products & Services
EV/EBITDA
↓
10.16
↓-15% vs avg
5yr avg: 11.92
30Y Low4.8·High28.4
P/FCF
↓
17.60
-8% vs avg
5yr avg: 19.10
30Y Low1.5·High31.3
P/B Ratio
↓
2.73
↓-32% vs avg
5yr avg: 4.03
30Y Low0.1·High9.2
ROE
↑
22.2%
↓+1% vs avg
5yr avg: 22.1%
30Y Low-56%·High31%
Debt/EBITDA
↓
4.52
↓-21% vs avg
5yr avg: 5.70
30Y Low3.2·High7.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CSV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Carriage Services, Inc. trades at 13.7x earnings, 24% below its 5-year average of 18.0x, sitting at the 44th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.4x, the stock trades at a discount of 30%. On a free-cash-flow basis, the stock trades at 17.6x P/FCF, 8% below the 5-year average of 19.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $705M | $661M | $615M | $387M | $433M | $1.2B | $566M | $461M | $285M | $455M | $500M |
| Enterprise Value | $1.3B | $1.2B | $1.2B | $990M | $1.0B | $1.8B | $1.0B | $980M | $651M | $815M | $837M |
| P/E Ratio → | 13.68 | 13.02 | 18.98 | 11.69 | 10.47 | 35.60 | 35.19 | 32.00 | 24.60 | 12.30 | 25.57 |
| P/S Ratio | 1.69 | 1.58 | 1.52 | 1.01 | 1.17 | 3.13 | 1.72 | 1.68 | 1.06 | 1.76 | 2.01 |
| P/B Ratio | 2.73 | 2.60 | 2.95 | 2.23 | 3.15 | 9.19 | 2.35 | 2.03 | 1.29 | 2.30 | 2.81 |
| P/FCF | 17.60 | 16.51 | 17.14 | 29.62 | 12.38 | 19.83 | 8.36 | 16.56 | 8.00 | 15.80 | 18.98 |
| P/OCF | 11.62 | 10.90 | 11.84 | 5.11 | 7.09 | 13.97 | 6.83 | 10.67 | 5.80 | 10.07 | 10.11 |
P/E links to full P/E history page with 30-year chart
CSV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Carriage Services, Inc.'s enterprise value stands at 10.2x EBITDA, 15% below its 5-year average of 11.9x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 11% discount 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 | — | 2.93 | 2.91 | 2.59 | 2.82 | 4.67 | 3.17 | 3.58 | 2.43 | 3.16 | 3.37 |
| EV / EBITDA | 10.16 | 9.81 | 14.43 | 9.68 | 10.48 | 15.20 | 13.39 | 13.99 | 10.71 | 12.55 | 12.75 |
| EV / EBIT | 12.81 | 12.40 | 14.30 | 11.97 | 12.57 | 25.15 | 18.19 | 20.34 | 15.65 | 16.27 | 17.49 |
| EV / FCF | — | 30.52 | 32.73 | 75.83 | 29.88 | 29.56 | 15.41 | 35.21 | 18.27 | 28.25 | 31.75 |
CSV Profitability
Margins and return-on-capital ratios measuring operating efficiency
Carriage Services, Inc. earns an operating margin of 23.7%, significantly above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 21.2% to 23.7% over the past 3 years, signaling improving operational efficiency. ROE of 22.2% indicates solid capital efficiency, compared to the sector median of 5.7%. ROIC of 9.4% represents adequate returns on invested capital versus a sector median of 5.8%.
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 | 35.3% | 35.3% | 35.5% | 32.5% | 32.2% | 34.5% | 32.2% | 29.0% | 28.3% | 29.8% | 32.1% |
| Operating Margin | 23.7% | 23.7% | 20.2% | 21.2% | 21.5% | 24.9% | 17.4% | 19.1% | 16.2% | 19.0% | 20.2% |
| Net Profit Margin | 12.3% | 12.3% | 8.2% | 8.7% | 11.2% | 8.8% | 4.9% | 5.3% | 4.3% | 14.4% | 7.9% |
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 | 22.2% | 22.2% | 17.3% | 21.5% | 31.2% | 18.0% | 6.9% | 6.5% | 5.6% | 19.8% | 11.7% |
| ROA | 3.9% | 3.9% | 2.6% | 2.7% | 3.5% | 2.9% | 1.4% | 1.4% | 1.3% | 4.1% | 2.3% |
| ROIC | 9.4% | 9.4% | 7.9% | 8.0% | 8.2% | 9.9% | 5.9% | 5.9% | 5.7% | 6.9% | 7.5% |
| ROCE | 7.9% | 7.9% | 6.7% | 6.8% | 7.0% | 8.5% | 5.2% | 5.3% | 4.9% | 5.7% | 6.1% |
CSV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Carriage Services, Inc. carries a Debt/EBITDA ratio of 4.5x, which is highly leveraged (roughly in line with the sector average of 4.4x). Net debt stands at $561M ($563M total debt minus $2M cash). Interest coverage of 3.5x 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 | 2.21 | 2.21 | 2.69 | 3.49 | 4.47 | 4.52 | 1.99 | 2.29 | 1.65 | 1.82 | 1.91 |
| Debt / EBITDA | 4.52 | 4.52 | 6.89 | 5.91 | 6.15 | 5.01 | 6.14 | 7.42 | 6.03 | 5.55 | 5.18 |
| Net Debt / Equity | — | 2.20 | 2.68 | 3.48 | 4.46 | 4.51 | 1.99 | 2.29 | 1.65 | 1.82 | 1.89 |
| Net Debt / EBITDA | 4.50 | 4.50 | 6.87 | 5.90 | 6.14 | 5.00 | 6.13 | 7.41 | 6.02 | 5.53 | 5.13 |
| Debt / FCF | — | 14.01 | 15.59 | 46.21 | 17.50 | 9.73 | 7.05 | 18.65 | 10.27 | 12.46 | 12.77 |
| Interest Coverage | 3.48 | 3.48 | 2.56 | 2.28 | 3.21 | 2.74 | 1.75 | 1.87 | 1.78 | 2.90 | 3.07 |
CSV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.98x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.82x to 0.98x 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 | 0.98 | 0.98 | 0.77 | 0.82 | 0.84 | 0.66 | 0.73 | 1.12 | 0.84 | 0.71 | 0.74 |
| Quick Ratio | 0.84 | 0.84 | 0.63 | 0.65 | 0.67 | 0.54 | 0.58 | 0.92 | 0.65 | 0.55 | 0.61 |
| Cash Ratio | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.07 |
| Asset Turnover | — | 0.31 | 0.32 | 0.30 | 0.31 | 0.32 | 0.29 | 0.24 | 0.29 | 0.28 | 0.28 |
| Inventory Turnover | 34.88 | 34.88 | 32.93 | 30.94 | 32.96 | 33.54 | 30.79 | 27.83 | 28.45 | 27.82 | 27.42 |
| Days Sales Outstanding | — | 35.54 | 27.27 | 26.66 | 24.62 | 28.53 | 27.81 | 33.87 | 27.57 | 29.05 | 30.58 |
CSV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Carriage Services, Inc. returns 1.0% to shareholders annually primarily through dividends. The payout ratio of 13.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.3% (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 | 1.0% | 1.1% | 1.1% | 1.7% | 1.6% | 0.6% | 1.1% | 1.2% | 1.9% | 0.8% | 0.5% |
| Payout Ratio | 13.6% | 13.6% | 20.7% | 20.1% | 16.3% | 21.9% | 37.6% | 37.1% | 47.3% | 10.0% | 12.7% |
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 | 7.3% | 7.7% | 5.3% | 8.6% | 9.5% | 2.8% | 2.8% | 3.1% | 4.1% | 8.1% | 3.9% |
| FCF Yield | 5.7% | 6.1% | 5.8% | 3.4% | 8.1% | 5.0% | 12.0% | 6.0% | 12.5% | 6.3% | 5.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 8.5% | 11.9% | 0.0% | 2.0% | 5.7% | 3.6% | 0.1% |
| Total Shareholder Yield | 1.0% | 1.1% | 1.1% | 1.7% | 10.0% | 12.5% | 1.1% | 3.2% | 7.6% | 4.4% | 0.6% |
| Shares Outstanding | — | $16M | $15M | $15M | $16M | $18M | $18M | $18M | $18M | $18M | $17M |
Peer Comparison
Compare CSV 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 |
|---|---|---|---|---|---|---|---|---|---|
 CSVYou | $705M | 13.7 | 10.2 | 17.6 | 35.3% | 23.7% | 22.2% | 9.4% | 4.5 |
 SCI | $11B | 20.7 | 12.0 | 19.6 | 26.5% | 22.6% | 32.7% | 11.3% | 3.9 |
 MATW | $861M | -35.0 | 17.3 | — | 32.6% | 1.4% | -5.3% | 1.2% | 8.3 |
 HI | $2B | 52.4 | 12.5 | 126.3 | 33.7% | 5.9% | 3.0% | 3.8% | 5.4 |
 LMND | $4B | -23.7 | — | — | 40.3% | -21.8% | -29.4% | -36.8% | — |
 GL | $12B | 10.8 | 9.1 | 9.5 | 33.4% | 24.4% | 20.6% | 13.4% | 1.6 |
 CNO | $4B | 19.5 | 14.1 | 6.4 | 44.8% | 6.5% | 8.9% | 4.0% | 7.7 |
 ACCO | $375M | 9.2 | 6.8 | 7.4 | 29.8% | 7.1% | 6.5% | 5.5% | 5.1 |
 FLO | $2B | 21.4 | 8.1 | 5.7 | 45.7% | 6.6% | 6.2% | 8.1% | 4.6 |
 ROL | $26B | 49.9 | 32.1 | 40.3 | 49.4% | 19.4% | 38.9% | 23.5% | 1.6 |
 ABM | $2B | 15.7 | 9.2 | 15.4 | 11.7% | 3.7% | 9.1% | 7.5% | 3.9 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCSV — Frequently Asked Questions
Quick answers to the most common questions about buying CSV stock.
What is Carriage Services, Inc.'s P/E ratio?
Carriage Services, Inc.'s current P/E ratio is 13.7x. The historical average is 20.2x. This places it at the 44th percentile of its historical range.
What is Carriage Services, Inc.'s EV/EBITDA?
Carriage Services, Inc.'s current EV/EBITDA is 10.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
What is Carriage Services, Inc.'s ROE?
Carriage Services, Inc.'s return on equity (ROE) is 22.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 7.6%.
Is CSV stock overvalued?
Based on historical data, Carriage Services, Inc. is trading at a P/E of 13.7x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Carriage Services, Inc.'s dividend yield?
Carriage Services, Inc.'s current dividend yield is 1.01% with a payout ratio of 13.6%.
What are Carriage Services, Inc.'s profit margins?
Carriage Services, Inc. has 35.3% gross margin and 23.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Carriage Services, Inc. have?
Carriage Services, Inc.'s Debt/EBITDA ratio is 4.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.