Latest Ratios: P/E Ratio 19.7x · EV/EBITDA 10.1x · ROE 12.5%. (2015–2025 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 | $2.8B | $2.7B | $3.4B | $3.3B | $2.0B | $2.0B | $1.5B | $1.7B | $1.5B | $1.9B | $1.5B |
| Enterprise Value | $3.7B | $3.6B | $4.0B | $3.7B | $2.6B | $2.5B | $2.3B | $2.4B | $2.1B | $1.9B | $1.7B |
| P/E Ratio → | 19.66 | 18.83 | 18.25 | 17.39 | 4.93 | 4.60 | 8.45 | 12.77 | 4.56 | 10.91 | 12.10 |
| P/S Ratio | 1.71 | 1.65 | 2.26 | 2.35 | 1.48 | 1.49 | 0.52 | 0.52 | 0.46 | 0.67 | 0.54 |
| P/B Ratio | 2.27 | 2.17 | 3.16 | 3.39 | 2.53 | 1.09 | 1.00 | 1.15 | 1.00 | 1.39 | 1.30 |
| P/FCF | 14.26 | 13.77 | 19.95 | 13.34 | 6.95 | 4.51 | 5.55 | 5.23 | 5.01 | 7.04 | 5.57 |
| P/OCF | 11.71 | 11.30 | 15.72 | 11.84 | 6.47 | 4.02 | 4.94 | 4.32 | 3.70 | 5.94 | 4.67 |
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 | — | 2.19 | 2.70 | 2.69 | 1.96 | 1.84 | 0.79 | 0.74 | 0.64 | 0.69 | 0.63 |
| EV / EBITDA | 10.09 | 9.82 | 11.29 | 10.26 | 6.92 | 6.84 | 5.91 | 7.45 | 3.63 | 3.96 | 3.67 |
| EV / EBIT | 14.17 | 15.07 | 14.64 | 12.87 | 8.63 | 8.70 | 8.24 | 11.10 | 4.62 | 4.73 | 8.58 |
| EV / FCF | — | 18.33 | 23.79 | 15.24 | 9.24 | 5.55 | 8.38 | 7.43 | 7.00 | 7.18 | 6.46 |
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 | 42.5% | 42.5% | 44.7% | 47.0% | 46.7% | 44.5% | 34.3% | 35.9% | 35.5% | 36.4% | 36.0% |
| Operating Margin | 15.9% | 15.9% | 18.1% | 20.6% | 22.5% | 20.8% | 9.0% | 6.4% | 14.0% | 14.7% | 14.5% |
| Net Profit Margin | 8.8% | 8.8% | 12.4% | 13.5% | 15.3% | 13.2% | 6.2% | 4.1% | 10.0% | 6.2% | 4.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.5% | 12.5% | 18.1% | 21.5% | 15.6% | 10.6% | 12.0% | 8.9% | 23.3% | 13.8% | 10.7% |
| ROA | 5.3% | 5.3% | 8.2% | 8.8% | 6.2% | 3.9% | 4.0% | 3.1% | 8.8% | 4.9% | 3.6% |
| ROIC | 10.2% | 10.2% | 12.8% | 15.0% | 12.1% | 9.1% | 8.8% | 7.3% | 20.0% | 22.2% | 20.1% |
| ROCE | 12.1% | 12.1% | 14.9% | 17.4% | 11.6% | 7.7% | 7.5% | 6.2% | 15.5% | 14.5% | 14.0% |
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 | 0.91 | 0.91 | 0.76 | 0.72 | 1.12 | 0.51 | 0.87 | 0.75 | 0.62 | 0.55 | 0.65 |
| Debt / EBITDA | 3.08 | 3.08 | 2.29 | 1.91 | 2.32 | 2.62 | 3.40 | 3.42 | 1.61 | 1.54 | 1.59 |
| Net Debt / Equity | — | 0.72 | 0.61 | 0.48 | 0.83 | 0.25 | 0.51 | 0.48 | 0.40 | 0.03 | 0.21 |
| Net Debt / EBITDA | 2.45 | 2.45 | 1.82 | 1.28 | 1.71 | 1.29 | 1.99 | 2.20 | 1.03 | 0.08 | 0.50 |
| Debt / FCF | — | 4.57 | 3.84 | 1.91 | 2.28 | 1.05 | 2.82 | 2.19 | 1.99 | 0.14 | 0.88 |
| Interest Coverage | 4.00 | 4.00 | 5.74 | 5.74 | 5.41 | 4.91 | 5.06 | 4.65 | 9.08 | 11.18 | 5.50 |
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 | 1.50 | 1.50 | 1.14 | 1.93 | 0.99 | 1.96 | 1.49 | 1.64 | 1.84 | 1.81 | 2.53 |
| Quick Ratio | 1.20 | 1.20 | 0.88 | 1.46 | 0.76 | 1.39 | 1.07 | 1.14 | 1.29 | 1.40 | 1.87 |
| Cash Ratio | 0.41 | 0.41 | 0.29 | 0.68 | 0.37 | 0.61 | 0.52 | 0.43 | 0.46 | 0.84 | 0.98 |
| Asset Turnover | — | 0.53 | 0.62 | 0.65 | 0.63 | 0.30 | 0.64 | 0.74 | 0.83 | 0.78 | 0.80 |
| Inventory Turnover | 5.62 | 5.62 | 5.67 | 4.69 | 4.90 | 1.66 | 4.41 | 4.60 | 5.24 | 5.07 | 5.13 |
| Days Sales Outstanding | — | 80.31 | 74.53 | 56.38 | 55.87 | 134.78 | 55.57 | 69.48 | 64.01 | 58.09 | 55.04 |
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 | 1.4% | 1.4% | 1.1% | 0.7% | — | 5.0% | 6.6% | 5.5% | 5.5% | 4.2% | 5.2% |
| Payout Ratio | 26.9% | 26.9% | 19.9% | 12.6% | — | 56.5% | 55.5% | 69.9% | 24.9% | 45.6% | 62.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.1% | 5.3% | 5.5% | 5.7% | 20.3% | 21.7% | 11.8% | 7.8% | 21.9% | 9.2% | 8.3% |
| FCF Yield | 7.0% | 7.3% | 5.0% | 7.5% | 14.4% | 22.2% | 18.0% | 19.1% | 19.9% | 14.2% | 17.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 10.3% | 4.8% | 4.6% | 4.7% | 3.3% | 1.3% | 0.0% |
| Total Shareholder Yield | 1.4% | 1.4% | 1.1% | 0.7% | 10.3% | 9.8% | 11.1% | 10.2% | 8.7% | 5.5% | 5.2% |
| Shares Outstanding | — | $58M | $58M | $58M | $57M | $57M | $57M | $57M | $61M | $60M | $59M |
Secular cash usage decline
According to current market data, CXT trades at a forward P/E of 11.49, which, when compared to peers like OSI Systems at 25.06, suggests that investors are applying a significant discount due to the perceived terminal risk of the company's core physical currency authentication business.
The valuation gap relative to diversified industrial peers implies that the market is skeptical of the company's ability to successfully pivot toward brand protection and digital authentication. Investors should monitor whether the forward P/E expansion occurs as the market gains confidence in the sustainability of non-currency revenue streams.
Based on reported financial statements, CXT's ROIC has trended downward from 3.9% in 2023Q4 to a marginal 0.7% in 2026Q1, indicating that the company is currently struggling to generate adequate returns on its expanding asset base following the recent corporate spin-off and subsequent acquisition activity.
The compression in ROIC suggests that the capital deployed into recent acquisitions has yet to yield accretive returns, potentially due to integration friction or the high cost of intangible assets. This trend warrants further investigation into whether the company's capital allocation strategy is creating long-term value or merely masking operational inefficiencies.
As indicated by the company's quarterly filings, the cash conversion cycle has expanded from 76 days in 2023Q4 to 130 days in 2026Q1, primarily driven by rising days sales outstanding and inventory levels that suggest a slowdown in the velocity of the company's core industrial operations.
The lengthening of the cash conversion cycle indicates that CXT is becoming less efficient at converting its sales into cash, which may be a symptom of shifting customer payment terms or inventory obsolescence risks. This deterioration in working capital management is a primary contributor to the company's recent cash flow volatility.
According to recent SEC filings, CXT's debt-to-equity ratio has climbed to 1.21 in 2026Q1 from 0.72 in 2023Q4, signaling a shift toward a more aggressive, debt-funded growth strategy that has significantly reduced the company's interest coverage buffer from 6.69x to 1.25x over the same period.
The rapid increase in leverage suggests that the company is utilizing its balance sheet to fund inorganic growth, which may increase financial risk if the expected synergies from these acquisitions fail to materialize. Investors should monitor the company's ability to service this debt load if interest rates remain elevated or if operating cash flows continue to face pressure.
Based on an analysis of the business model, the P/E ratio is the most commonly misapplied metric for CXT, as it fails to account for the significant non-cash amortization of intangible assets resulting from the company's aggressive acquisition strategy and its complex post-spin-off accounting structure.
Using P/E to evaluate CXT obscures the underlying cash-generating capability of the business, which is better captured by looking at FCF margins and EV/EBITDA. Analysts should focus on adjusted EBITDA and cash flow metrics to better understand the true earning power of the firm, rather than relying on GAAP earnings that are heavily impacted by non-recurring restructuring and acquisition-related charges.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying CXT stock.
Crane NXT, Co.'s current P/E ratio is 19.7x. The historical average is 10.6x. This places it at the 100th percentile of its historical range.
Crane NXT, Co.'s current EV/EBITDA is 10.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.6x.
Crane NXT, Co.'s return on equity (ROE) is 12.5%. The historical average is 15.2%.
Based on historical data, Crane NXT, Co. is trading at a P/E of 19.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Crane NXT, Co.'s current dividend yield is 1.37% with a payout ratio of 26.9%.
Crane NXT, Co. has 42.5% gross margin and 15.9% operating margin. Operating margin between 10-20% is typical for established companies.
Crane NXT, Co.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.