Latest Ratios: P/E Ratio 13.3x · EV/EBITDA 7.7x · ROE 14.0%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $559M | $542M | $555M | $527M | $564M | $490M | $515M | $523M | $548M | $496M | $421M |
| Enterprise Value | $534M | $517M | $497M | $455M | $483M | $420M | $459M | $475M | $489M | $429M | $371M |
| P/E Ratio → | 13.32 | 12.72 | 13.77 | 12.39 | 11.95 | 16.92 | 21.31 | 13.67 | 14.62 | 15.12 | 15.87 |
| P/S Ratio | 1.43 | 1.38 | 1.41 | 1.25 | 1.31 | 1.23 | 1.44 | 1.19 | 1.37 | 1.34 | 1.18 |
| P/B Ratio | 1.84 | 1.76 | 1.84 | 1.51 | 1.70 | 1.61 | 1.71 | 1.78 | 1.89 | 1.89 | 1.67 |
| P/FCF | — | — | 9.25 | 8.42 | 13.30 | 11.11 | 10.49 | 9.72 | 11.78 | 11.63 | 7.54 |
| P/OCF | 10.61 | 10.29 | 8.42 | 7.63 | 12.07 | 9.68 | 9.75 | 9.15 | 10.67 | 10.94 | 7.15 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.32 | 1.26 | 1.08 | 1.12 | 1.05 | 1.28 | 1.08 | 1.22 | 1.16 | 1.04 |
| EV / EBITDA | 7.65 | 7.41 | 7.26 | 6.15 | 5.79 | 6.74 | 8.51 | 6.88 | 7.38 | 6.94 | 6.80 |
| EV / EBIT | 10.14 | 8.82 | 9.57 | 8.05 | 8.02 | 10.01 | 13.78 | 9.16 | 9.58 | 9.00 | 9.12 |
| EV / FCF | — | — | 8.29 | 7.27 | 11.39 | 9.52 | 9.34 | 8.82 | 10.52 | 10.07 | 6.64 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.7% | 30.7% | 29.7% | 29.8% | 30.3% | 28.7% | 29.0% | 29.4% | 30.8% | 31.6% | 29.1% |
| Operating Margin | 13.4% | 13.4% | 13.2% | 13.4% | 15.3% | 10.9% | 10.0% | 11.6% | 12.5% | 12.9% | 11.7% |
| Net Profit Margin | 10.9% | 10.9% | 10.2% | 10.1% | 11.0% | 7.2% | 6.7% | 8.7% | 9.3% | 8.9% | 0.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.0% | 14.0% | 12.3% | 12.5% | 14.9% | 9.6% | 8.1% | 13.1% | 13.6% | 12.8% | 0.6% |
| ROA | 12.0% | 12.0% | 10.8% | 10.7% | 12.4% | 7.9% | 6.6% | 10.5% | 10.8% | 10.1% | 0.5% |
| ROIC | 15.0% | 15.0% | 14.9% | 16.0% | 20.5% | 13.7% | 11.0% | 16.0% | 17.6% | 18.1% | 11.9% |
| ROCE | 16.4% | 16.4% | 15.2% | 15.7% | 19.3% | 13.2% | 10.9% | 15.4% | 15.9% | 16.1% | 13.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.06 | 0.07 | 0.10 | 0.11 | 0.12 |
| Debt / EBITDA | 0.13 | 0.13 | 0.14 | 0.13 | 0.16 | 0.25 | 0.35 | 0.29 | 0.45 | 0.48 | 0.55 |
| Net Debt / Equity | — | -0.08 | -0.19 | -0.21 | -0.24 | -0.23 | -0.19 | -0.16 | -0.20 | -0.25 | -0.20 |
| Net Debt / EBITDA | -0.36 | -0.36 | -0.84 | -0.97 | -0.97 | -1.13 | -1.04 | -0.70 | -0.88 | -1.07 | -0.93 |
| Debt / FCF | — | — | -0.96 | -1.15 | -1.91 | -1.59 | -1.15 | -0.90 | -1.26 | -1.55 | -0.90 |
| Interest Coverage | — | — | — | — | — | 4661.44 | 3027.09 | 85.57 | 44.27 | 61.37 | 66.31 |
Net cash position: cash ($35M) exceeds total debt ($9M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.72 | 3.72 | 4.59 | 5.96 | 4.77 | 4.44 | 4.22 | 3.95 | 5.25 | 5.52 | 4.98 |
| Quick Ratio | 2.17 | 2.17 | 3.42 | 4.77 | 3.63 | 3.40 | 3.29 | 3.03 | 4.13 | 4.63 | 4.05 |
| Cash Ratio | 0.98 | 0.98 | 2.18 | 3.28 | 2.28 | 2.30 | 2.15 | 1.80 | 2.80 | 3.25 | 2.69 |
| Asset Turnover | — | 1.08 | 1.13 | 1.05 | 1.10 | 1.08 | 0.98 | 1.20 | 1.10 | 1.12 | 1.10 |
| Inventory Turnover | 4.95 | 4.95 | 7.15 | 7.36 | 6.42 | 7.40 | 7.73 | 8.88 | 7.83 | 9.56 | 9.04 |
| Days Sales Outstanding | — | 36.84 | 35.84 | 41.02 | 45.23 | 35.61 | 38.63 | 35.87 | 36.75 | 35.16 | 38.22 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.6% | 4.8% | 16.6% | 4.9% | 4.6% | 5.2% | 4.6% | 4.5% | 4.1% | 4.5% | 13.6% |
| Payout Ratio | 60.8% | 60.8% | 228.7% | 60.7% | 54.6% | 87.7% | 97.4% | 61.3% | 60.4% | 67.6% | 3213.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.5% | 7.9% | 7.3% | 8.1% | 8.4% | 5.9% | 4.7% | 7.3% | 6.8% | 6.6% | 6.3% |
| FCF Yield | — | — | 10.8% | 11.9% | 7.5% | 9.0% | 9.5% | 10.3% | 8.5% | 8.6% | 13.3% |
| Buyback Yield | 2.6% | 2.7% | 0.3% | 0.1% | 0.2% | 1.0% | 0.2% | 0.5% | 0.9% | 0.7% | 2.0% |
| Total Shareholder Yield | 7.1% | 7.4% | 16.9% | 5.0% | 4.8% | 6.2% | 4.8% | 5.0% | 5.0% | 5.2% | 15.6% |
| Shares Outstanding | — | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $25M | $26M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying EBF stock.
Ennis, Inc.'s current P/E ratio is 13.3x. The historical average is 14.1x. This places it at the 43th percentile of its historical range.
Ennis, Inc.'s current EV/EBITDA is 7.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.9x.
Ennis, Inc.'s return on equity (ROE) is 14.0%. The historical average is 10.8%.
Based on historical data, Ennis, Inc. is trading at a P/E of 13.3x. This is at the 43th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Ennis, Inc.'s current dividend yield is 4.56% with a payout ratio of 60.8%.
Ennis, Inc. has 30.7% gross margin and 13.4% operating margin. Operating margin between 10-20% is typical for established companies.
Ennis, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Stagnant revenue growth limits cash flow expansion
Metrics are mathematically derived from official filings.
Value Pricing Reflects Low Growth Expectations
Ennis trades at a P/E of 12.83 and EV/EBITDA of 7.36, multiples that appear to price in its stagnant revenue trajectory and position it as a value play within the Industrials sector.
The valuation multiples suggest the market is not pricing in significant growth, as evidenced by the PEG ratio of 1.04, which is near parity. Compared to peers like ACCO Brands (P/E 9.86) and United States Lime (P/E 24.80), Ennis sits in a middle ground, reflecting its stable but low-growth profile. The 4.7% dividend yield further anchors its appeal to income-focused investors rather than growth seekers.
Stable Margins Mask Underlying Earning Power
Gross margins have recovered to the 31-32% range in recent quarters, up from a trough of 28.4% in 2024Q4, indicating effective pricing or cost management despite a challenging revenue environment.
The operating margin has stabilized in the 12.5%-14.9% range, demonstrating the company's ability to maintain profitability through cost discipline, as noted in prior analysis. However, the net margin's volatility, ranging from 9.2% to 13.3%, suggests that non-operating items or tax effects can meaningfully impact the bottom line. The true earning power appears to be reflected in the consistent operating margin, which has been resilient despite top-line stagnation.
Low but Stable Returns on Invested Capital
ROIC has remained in a tight band of 3.2% to 3.9% over the past ten quarters, indicating a stable but low-return business model that is not compounding value at an attractive rate.
The stability of ROIC, hovering around 3.5%, suggests the company is maintaining its competitive position but not generating excess returns above its cost of capital. This is consistent with the low ROE of ~3% and ROA of ~2.7%, pointing to a business with limited pricing power or asset efficiency. The drivers appear to be stable margins rather than improving capital turnover, as asset turnover has remained flat at 0.24-0.28.
Lengthening Cash Cycle Signals Working Capital Strain
The cash conversion cycle has expanded from 74 days in 2025Q2 to 91 days in 2027Q1, primarily driven by a significant increase in days inventory outstanding from 55 to 76 days.
The lengthening CCC, particularly the sharp rise in DIO, suggests potential inefficiencies in inventory management or a buildup of stock in anticipation of future demand that has not yet materialized. This is partially offset by a stable DSO and a modest improvement in DPO, but the net effect is a greater cash tie-up in working capital. This trend warrants monitoring as it could pressure liquidity if sustained, despite the company's strong current ratio.
Negligible Leverage Eliminates Financial Risk
With a debt-to-equity ratio of just 0.01 and total debt of only $3.8M against equity of $310.7M, Ennis operates with virtually no financial leverage, as indicated by recent SEC filings.
The company's minimal leverage is a defining characteristic, providing exceptional insulation from interest rate volatility and refinancing risk. The D/EBITDA ratio of 0.28 further confirms that debt service is trivial relative to earnings. This conservative balance sheet structure, while safe, may also indicate a lack of strategic ambition in using leverage to enhance returns for shareholders.
The Misleading Safety of the Current Ratio
The current ratio of 3.53 appears exceptionally strong but is inflated by a large inventory balance, which constitutes over 60% of current assets and may not be readily convertible to cash.
Investors often use the current ratio as a quick liquidity gauge, but for Ennis, it obscures the real liquidity picture. The quick ratio of 2.15 provides a more accurate view by excluding inventory, yet even this may overstate immediate liquidity given the lengthening cash conversion cycle. The most relevant metric for this business model is likely the free cash flow margin, which has been volatile but consistently positive, as it reflects the actual cash generation available to service obligations and fund operations.