Latest Ratios: P/E Ratio 46.4x · EV/EBITDA 7.6x · ROE 6.1%. (2009–2025 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 | $3.0B | $1.9B | $1.2B | $578M | $613M | $543M | $474M | $844M | $1.0B | $1.1B | $1.0B |
| Enterprise Value | $3.6B | $2.5B | $1.9B | $1.5B | $1.5B | $758M | $830M | $1.2B | $1.2B | $1.3B | $1.3B |
| P/E Ratio → | 46.40 | 29.11 | 38.27 | — | — | — | 5.40 | 5.57 | 10.37 | 11.15 | — |
| P/S Ratio | 1.15 | 0.73 | 0.54 | 0.24 | 0.47 | 0.71 | 0.50 | 0.54 | 0.84 | 0.88 | 1.24 |
| P/B Ratio | 2.78 | 1.74 | 1.18 | 0.55 | 0.54 | 0.40 | 0.34 | 0.82 | 0.81 | 0.96 | 0.93 |
| P/FCF | 12.84 | 8.12 | 4.04 | 6.09 | — | 4.59 | 6.99 | — | 9.44 | 8.99 | 15.06 |
| P/OCF | 8.56 | 5.41 | 3.81 | 2.81 | 36.37 | 3.32 | 2.75 | 20.21 | 4.30 | 6.10 | 11.37 |
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 | — | 0.96 | 0.84 | 0.62 | 1.16 | 1.00 | 0.87 | 0.73 | 0.93 | 1.07 | 1.51 |
| EV / EBITDA | 7.56 | 5.26 | 5.56 | 3.55 | 9.32 | 6.70 | 5.19 | 4.34 | 6.76 | 8.19 | 9.57 |
| EV / EBIT | 11.49 | 7.99 | 11.33 | 6.90 | 22.18 | 17.27 | 8.92 | 5.79 | 10.95 | 13.59 | 20.06 |
| EV / FCF | — | 10.78 | 6.28 | 15.56 | — | 6.41 | 12.24 | — | 10.50 | 10.90 | 18.32 |
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 | 21.7% | 21.7% | 14.5% | 17.6% | 17.0% | 21.0% | 22.4% | 19.7% | 17.2% | 17.4% | 20.1% |
| Operating Margin | 12.1% | 12.1% | 7.4% | 9.0% | 5.2% | 5.8% | 9.7% | 12.6% | 8.5% | 7.9% | 7.5% |
| Net Profit Margin | 2.5% | 2.5% | 1.3% | -3.5% | -5.7% | -1.9% | 7.2% | 7.4% | 5.9% | 6.3% | -9.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.1% | 6.1% | 2.9% | -7.6% | -6.0% | -1.1% | 5.7% | 10.1% | 6.1% | 6.9% | -6.9% |
| ROA | 2.4% | 2.4% | 1.1% | -2.7% | -2.8% | -0.7% | 3.4% | 5.4% | 3.2% | 3.9% | -3.8% |
| ROIC | 13.7% | 13.7% | 6.9% | 8.0% | 2.8% | 2.0% | 4.5% | 10.9% | 5.8% | 5.4% | 3.2% |
| ROCE | 17.1% | 17.1% | 8.5% | 9.8% | 3.3% | 2.4% | 5.5% | 12.2% | 6.2% | 6.1% | 3.8% |
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 | 0.64 | 0.64 | 0.74 | 0.94 | 0.96 | 0.29 | 0.32 | 0.37 | 0.35 | 0.41 | 0.35 |
| Debt / EBITDA | 1.47 | 1.47 | 2.25 | 2.39 | 6.71 | 3.43 | 2.82 | 1.44 | 2.59 | 2.84 | 2.97 |
| Net Debt / Equity | — | 0.57 | 0.65 | 0.85 | 0.80 | 0.16 | 0.25 | 0.30 | 0.09 | 0.21 | 0.20 |
| Net Debt / EBITDA | 1.30 | 1.30 | 1.98 | 2.16 | 5.57 | 1.91 | 2.22 | 1.16 | 0.69 | 1.44 | 1.71 |
| Debt / FCF | — | 2.66 | 2.24 | 9.47 | — | 1.82 | 5.25 | — | 1.07 | 1.91 | 3.27 |
| Interest Coverage | 3.78 | 3.78 | 1.73 | 1.79 | 1.88 | 2.74 | 5.08 | 11.60 | 6.41 | 8.87 | 5.72 |
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 | 1.13 | 1.13 | 1.14 | 1.25 | 1.28 | 2.00 | 2.17 | 1.94 | 1.68 | 1.78 | 2.09 |
| Quick Ratio | 0.81 | 0.81 | 0.82 | 0.91 | 0.92 | 1.51 | 1.43 | 1.36 | 1.42 | 1.43 | 1.56 |
| Cash Ratio | 0.09 | 0.09 | 0.10 | 0.12 | 0.22 | 0.49 | 0.33 | 0.21 | 0.48 | 0.47 | 0.53 |
| Asset Turnover | — | 0.97 | 0.82 | 0.81 | 0.42 | 0.35 | 0.44 | 0.86 | 0.50 | 0.58 | 0.45 |
| Inventory Turnover | 7.33 | 7.33 | 6.71 | 6.69 | 3.58 | 3.47 | 3.49 | 6.10 | 5.86 | 5.97 | 4.08 |
| Days Sales Outstanding | — | 80.43 | 96.41 | 94.55 | 146.67 | 162.36 | 96.71 | 92.98 | 134.81 | 127.09 | 100.05 |
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 | 0.6% | 0.9% | 0.7% | 1.6% | 1.1% | 1.0% | 4.0% | 3.4% | 3.2% | 2.8% | 2.6% |
| Payout Ratio | 26.5% | 26.5% | 29.5% | — | — | — | 27.5% | 24.8% | 45.5% | 38.6% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.2% | 3.4% | 2.6% | — | — | — | 18.5% | 18.0% | 9.6% | 9.0% | — |
| FCF Yield | 7.8% | 12.3% | 24.8% | 16.4% | — | 21.8% | 14.3% | — | 10.6% | 11.1% | 6.6% |
| Buyback Yield | 0.8% | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.4% | 2.1% | 0.7% | 1.6% | 1.1% | 1.0% | 4.0% | 3.4% | 3.2% | 2.8% | 2.6% |
| Shares Outstanding | — | $123M | $124M | $124M | $97M | $90M | $90M | $90M | $89M | $89M | $82M |
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying EFXT stock.
Enerflex Ltd.'s current P/E ratio is 46.4x. The historical average is 16.4x. This places it at the 100th percentile of its historical range.
Enerflex Ltd.'s current EV/EBITDA is 7.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.7x.
Enerflex Ltd.'s return on equity (ROE) is 6.1%. The historical average is 3.8%.
Based on historical data, Enerflex Ltd. is trading at a P/E of 46.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Enerflex Ltd.'s current dividend yield is 0.57% with a payout ratio of 26.5%.
Enerflex Ltd. has 21.7% gross margin and 12.1% operating margin. Operating margin between 10-20% is typical for established companies.
Enerflex Ltd.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Thin net margins persist
Margin Gap Signals Integration Drag
EFXT's gross margin held near 21-24% over the past year, but net margin averaged just 2.49% TTM, per recent financial statements, indicating persistent below-the-line costs eroding earnings quality.
The 12.06% operating margin versus 2.49% net margin reveals a substantial gap, likely driven by interest expense, non-operating charges, or tax items. This divergence suggests that while core operations are profitable, the bottom line remains vulnerable to financing costs and one-time items. Investors should monitor whether this gap narrows as integration synergies materialize, as a sustained gap would imply limited earnings power despite revenue growth.
Capital Returns Remain Subdued
ROIC has hovered between 0.7% and 4.1% over the last ten quarters, with 2026Q2 at 2.5%, according to reported figures, indicating the company is not yet compounding returns on its expanded asset base.
Despite a growing asset base and deleveraging, ROIC remains low, reflecting the capital-intensive nature of the rental fleet and the integration of Exterran. The improvement from 0.7% in 2024Q1 to 2.5% in 2026Q2 suggests gradual progress, but returns are still below the cost of capital, implying value creation is limited. The driver appears to be margin pressure rather than asset efficiency, as asset turnover has been stable around 0.21-0.28.
Working Capital Cycle Lengthens
EFXT's cash conversion cycle extended to 79 days in 2026Q2 from 53 days in 2024Q2, based on reported figures, driven by rising DSO and DIO, indicating reduced working capital efficiency.
DSO increased from 71 to 93 days and DIO from 41 to 61 days over the period, while DPO remained relatively stable, causing the CCC to widen. This suggests that the company is taking longer to collect receivables and turn inventory, possibly due to project-based revenue and international operations. The lengthening cycle ties up cash and may indicate customer payment delays or project execution issues, warranting close monitoring.
Leverage Eases but Coverage Thin
Debt-to-equity improved to 0.51 in 2026Q2 from 0.90 in 2024Q1, per financial statements, yet interest coverage of 4.75x remains modest, suggesting limited cushion for earnings shocks.
The deleveraging trend is positive, with total debt down to $597M, but the reported D/E may understate true obligations if leases are excluded. Interest coverage has improved from 0.58x in 2024Q1 to 4.75x, but it remains below the 5x threshold often considered comfortable. Given the capital-intensive fleet and cyclical revenue, investors should monitor whether coverage remains adequate during downturns, especially if interest rates rise.
Liquidity Adequate but Cash Thin
Current ratio of 1.19 in 2026Q2, as reported, indicates adequate short-term coverage, but cash of $74M is only 2.6% of assets, leaving little buffer against working capital swings.
The quick ratio of 0.86 suggests reliance on inventory to meet current liabilities, which could be problematic if inventory becomes illiquid. The thin cash position, combined with a lengthening CCC, implies that EFXT may need to rely on credit lines during periods of high working capital needs. While the current ratio is stable, the quality of liquidity is moderate, and a severe downturn could strain the balance sheet.
EV/EBITDA Masks Fleet Value
EFXT's EV/EBITDA of 7.01 appears cheap versus peers like Archrock at 10.15, but this metric may understate the value of the rental fleet, which generates stable cash flows not fully captured in EBITDA.
The compression rental business is asset-heavy, and EBITDA may not reflect the full earnings power of the fleet, which has high depreciation and maintenance costs. A more appropriate metric might be EV/EBITDAR or a sum-of-the-parts valuation that separates the manufacturing and infrastructure segments. Investors should adjust for fleet age and utilization, as these drive true cash generation, and consider that the low multiple may be a value trap if margins do not expand.