CTS Corporation (CTS) Financial Ratios
30 years of historical data (1996–2025) · Technology · Hardware, Equipment & Parts
EV/EBITDA
↑
16.39
↑+39% vs avg
5yr avg: 11.83
30Y Low4.0·High17.8
P/FCF
↓
22.18
↑+35% vs avg
5yr avg: 16.45
30Y Low8.1·High170.9
P/B Ratio
↓
3.62
↑+39% vs avg
5yr avg: 2.61
30Y Low0.8·High13.1
ROE
↑
12.1%
↓+60% vs avg
5yr avg: 7.5%
30Y Low-19%·High41%
Debt/EBITDA
↑
1.02
+11% vs avg
5yr avg: 0.92
30Y Low0.3·High48.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CTS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CTS Corporation trades at 30.6x earnings, 34% above its 5-year average of 22.9x, sitting at the 80th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 5%. On a free-cash-flow basis, the stock trades at 22.2x P/FCF, 35% above the 5-year average of 16.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $1.3B | $1.6B | $1.4B | $1.3B | $1.2B | $1.1B | $993M | $869M | $861M | $745M |
| Enterprise Value | $2.0B | $1.3B | $1.6B | $1.3B | $1.2B | $1.1B | $1.1B | $1.0B | $818M | $823M | $721M |
| P/E Ratio → | 30.59 | 19.58 | 27.90 | 22.78 | 21.31 | — | 32.39 | 27.53 | 18.63 | 59.88 | 21.75 |
| P/S Ratio | 3.53 | 2.36 | 3.14 | 2.51 | 2.17 | 2.31 | 2.64 | 2.12 | 1.85 | 2.03 | 1.88 |
| P/B Ratio | 3.62 | 2.32 | 3.05 | 2.62 | 2.51 | 2.56 | 2.64 | 2.45 | 2.30 | 2.50 | 2.34 |
| P/FCF | 22.18 | 14.79 | 20.08 | 18.65 | 11.89 | 16.84 | 18.06 | 23.28 | 29.30 | 21.54 | 27.89 |
| P/OCF | 18.76 | 12.51 | 16.31 | 15.55 | 10.49 | 13.78 | 14.57 | 15.43 | 14.95 | 14.83 | 15.78 |
P/E links to full P/E history page with 30-year chart
CTS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CTS Corporation's enterprise value stands at 16.4x EBITDA, 39% above its 5-year average of 11.8x. This is roughly in line with the Technology sector median of 16.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.43 | 3.19 | 2.39 | 2.08 | 2.18 | 2.61 | 2.18 | 1.74 | 1.94 | 1.82 |
| EV / EBITDA | 16.39 | 11.04 | 15.28 | 12.15 | 9.89 | 10.80 | 14.87 | 12.03 | 8.86 | 12.66 | 9.67 |
| EV / EBIT | 23.07 | 15.55 | 21.26 | 16.27 | 14.66 | — | 22.93 | 19.11 | 13.50 | 18.87 | 11.65 |
| EV / FCF | — | 15.25 | 20.37 | 17.74 | 11.45 | 15.89 | 17.89 | 23.92 | 27.58 | 20.61 | 27.01 |
CTS Profitability
Margins and return-on-capital ratios measuring operating efficiency
CTS Corporation earns an operating margin of 15.6%. Operating margins have expanded from 14.4% to 15.6% over the past 3 years, signaling improving operational efficiency. ROE of 12.1% is modest. ROIC of 11.1% represents solid 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 | 38.5% | 38.5% | 36.5% | 34.2% | 35.7% | 35.7% | 33.0% | 33.4% | 35.9% | 33.4% | 35.4% |
| Operating Margin | 15.6% | 15.6% | 14.8% | 14.4% | 16.0% | 15.0% | 11.3% | 12.8% | 14.9% | 10.5% | 14.0% |
| Net Profit Margin | 12.0% | 12.0% | 11.3% | 11.0% | 10.2% | -8.2% | 8.2% | 7.7% | 9.9% | 3.4% | 8.7% |
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 | 12.1% | 12.1% | 11.0% | 11.7% | 12.3% | -9.4% | 8.4% | 9.2% | 12.9% | 4.4% | 11.5% |
| ROA | 8.5% | 8.5% | 7.7% | 8.1% | 8.4% | -6.5% | 5.5% | 6.1% | 8.6% | 2.7% | 6.9% |
| ROIC | 11.1% | 11.1% | 11.3% | 13.0% | 16.5% | 14.2% | 8.5% | 11.9% | 16.5% | 11.1% | 16.4% |
| ROCE | 12.8% | 12.8% | 11.7% | 12.4% | 15.8% | 14.3% | 9.0% | 12.2% | 15.9% | 10.4% | 13.9% |
CTS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CTS Corporation carries a Debt/EBITDA ratio of 1.0x, which is manageable (65% below the sector average of 2.9x). Net debt stands at $40M ($122M total debt minus $82M cash). Interest coverage of 15.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.22 | 0.18 | 0.22 | 0.16 | 0.19 | 0.31 | 0.13 | 0.22 | 0.28 |
| Debt / EBITDA | 1.02 | 1.02 | 1.09 | 0.90 | 0.88 | 0.72 | 1.09 | 1.50 | 0.54 | 1.17 | 1.21 |
| Net Debt / Equity | — | 0.07 | 0.04 | -0.13 | -0.09 | -0.14 | -0.03 | 0.07 | -0.13 | -0.11 | -0.07 |
| Net Debt / EBITDA | 0.33 | 0.33 | 0.21 | -0.62 | -0.38 | -0.64 | -0.14 | 0.32 | -0.55 | -0.57 | -0.32 |
| Debt / FCF | — | 0.46 | 0.28 | -0.90 | -0.44 | -0.95 | -0.17 | 0.64 | -1.72 | -0.93 | -0.89 |
| Interest Coverage | 15.40 | 15.40 | 18.24 | 24.25 | 38.08 | -28.19 | 14.77 | 20.17 | 29.07 | 13.05 | 16.71 |
CTS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
CTS Corporation's current ratio of 2.30x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.82x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.29x to 2.30x 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 | 2.30 | 2.30 | 2.50 | 3.29 | 2.89 | 2.53 | 2.22 | 2.45 | 2.30 | 2.28 | 2.20 |
| Quick Ratio | 1.82 | 1.82 | 1.95 | 2.67 | 2.34 | 2.10 | 1.79 | 2.01 | 1.88 | 1.92 | 1.91 |
| Cash Ratio | 0.75 | 0.75 | 0.97 | 1.69 | 1.39 | 1.24 | 0.87 | 1.03 | 0.97 | 1.11 | 1.16 |
| Asset Turnover | — | 0.71 | 0.67 | 0.74 | 0.78 | 0.77 | 0.68 | 0.73 | 0.86 | 0.79 | 0.77 |
| Inventory Turnover | 6.31 | 6.31 | 6.11 | 6.04 | 6.06 | 6.66 | 6.20 | 7.39 | 6.93 | 7.71 | 8.95 |
| Days Sales Outstanding | — | 59.31 | 54.98 | 52.09 | 56.56 | 58.49 | 69.68 | 60.71 | 61.74 | 60.84 | 57.59 |
CTS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CTS Corporation returns 3.2% to shareholders annually — split between a 0.2% dividend yield and 2.9% buyback yield. The payout ratio of 7.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.3% (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 | 0.2% | 0.4% | 0.3% | 0.4% | 0.4% | 0.4% | 0.5% | 0.5% | 0.6% | 0.6% | 0.7% |
| Payout Ratio | 7.3% | 7.3% | 8.4% | 8.3% | 8.6% | — | 14.9% | 14.5% | 11.4% | 36.4% | 15.2% |
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 | 3.3% | 5.1% | 3.6% | 4.4% | 4.7% | — | 3.1% | 3.6% | 5.4% | 1.7% | 4.6% |
| FCF Yield | 4.5% | 6.8% | 5.0% | 5.4% | 8.4% | 5.9% | 5.5% | 4.3% | 3.4% | 4.6% | 3.6% |
| Buyback Yield | 2.9% | 4.4% | 2.6% | 3.0% | 1.7% | 0.7% | 0.7% | 1.2% | 1.1% | 0.2% | 0.2% |
| Total Shareholder Yield | 3.2% | 4.8% | 2.9% | 3.3% | 2.1% | 1.2% | 1.2% | 1.7% | 1.7% | 0.8% | 0.9% |
| Shares Outstanding | — | $30M | $31M | $32M | $32M | $32M | $33M | $33M | $34M | $33M | $33M |
Peer Comparison
Compare CTS 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 |
|---|---|---|---|---|---|---|---|---|---|
 CTSYou | $2B | 30.6 | 16.4 | 22.2 | 38.5% | 15.6% | 12.1% | 11.1% | 1.0 |
 KLIC | $6B | 9999.0 | 420.4 | 66.2 | 42.5% | -0.5% | 0.0% | -0.3% | 2.6 |
 VICR | $15B | 127.0 | 252.6 | 125.3 | 52.6% | 9.0% | 18.5% | 8.9% | 0.2 |
 INTT | $235M | -89.5 | 76.9 | 41.3 | 43.0% | -3.3% | -2.5% | -2.6% | 5.1 |
 PLXS | $8B | 47.9 | 28.2 | 52.2 | 10.1% | 5.0% | 12.4% | 11.8% | 0.6 |
 AVX | $45M | -2.7 | — | — | 38.9% | -676.1% | -34.4% | -13.3% | — |
 MLAB | $525M | 78.6 | 14.1 | 12.3 | 63.5% | 7.4% | 3.9% | 4.9% | 2.2 |
 NOVT | $6B | 105.6 | 30.7 | 114.2 | 41.6% | 11.9% | 5.2% | 7.4% | 1.9 |
 OSIS | $4B | 25.6 | 16.3 | 65.5 | 34.3% | 12.7% | 16.5% | 11.5% | 2.6 |
 GRMN | $45B | 27.3 | 20.9 | 33.1 | 58.7% | 25.9% | 19.8% | 22.0% | 0.1 |
 MCHP | $54B | -9999.0 | 56.3 | 69.9 | 56.1% | 6.7% | -0.0% | 1.8% | 5.4 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
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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CTS — Frequently Asked Questions
Quick answers to the most common questions about buying CTS stock.
What is CTS Corporation's P/E ratio?
CTS Corporation's current P/E ratio is 30.6x. The historical average is 25.5x. This places it at the 80th percentile of its historical range.
What is CTS Corporation's EV/EBITDA?
CTS Corporation's current EV/EBITDA is 16.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.5x.
What is CTS Corporation's ROE?
CTS Corporation's return on equity (ROE) is 12.1%. The historical average is 8.5%.
Is CTS stock overvalued?
Based on historical data, CTS Corporation is trading at a P/E of 30.6x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is CTS Corporation's dividend yield?
CTS Corporation's current dividend yield is 0.24% with a payout ratio of 7.3%.
What are CTS Corporation's profit margins?
CTS Corporation has 38.5% gross margin and 15.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does CTS Corporation have?
CTS Corporation's Debt/EBITDA ratio is 1.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.