Embraer S.A. (ERJ) Financial Ratios
26 years of historical data (1999–2024) · Industrials · Aerospace & Defense
EV/EBITDA
↓
14.31
↓-12% vs avg
5yr avg: 16.32
30Y Low1.9·High34.7
P/FCF
↑
29.63
↑+128% vs avg
5yr avg: 13.02
30Y Low2.2·High18.2
P/B Ratio
↑
3.59
↑+230% vs avg
5yr avg: 1.09
30Y Low0.3·High2.0
ROE
↑
11.0%
↓+494% vs avg
5yr avg: -2.8%
30Y Low-22%·High48%
Debt/EBITDA
↓
2.86
↓-78% vs avg
5yr avg: 12.75
30Y Low0.2·High32.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ERJ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Embraer S.A. trades at 34.1x earnings, 70% above its 5-year average of 20.0x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 33%. On a free-cash-flow basis, the stock trades at 29.6x P/FCF, 128% above the 5-year average of 13.0x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.0B | $6.7B | $3.4B | $2.0B | $3.3B | $1.3B | $3.6B | $4.1B | $4.4B | $3.5B | $5.4B |
| Enterprise Value | $13.0B | $7.8B | $4.7B | $3.5B | $5.5B | $3.9B | $2.9B | $6.8B | $15.3B | $13.0B | $12.3B |
| P/E Ratio → | 34.08 | 19.10 | 20.97 | — | — | — | — | — | 5.03 | 6.15 | 19.96 |
| P/S Ratio | 1.88 | 1.05 | 0.64 | 0.44 | 0.78 | 0.33 | 0.66 | 0.80 | 0.52 | 0.18 | 0.23 |
| P/B Ratio | 3.59 | 2.01 | 1.11 | 0.71 | 1.17 | 0.43 | 0.99 | 1.06 | 0.33 | 0.28 | 0.37 |
| P/FCF | 29.63 | 16.63 | 18.20 | 4.05 | 13.19 | — | 11.00 | — | 2.53 | — | 2.17 |
| P/OCF | 13.77 | 7.73 | 5.49 | 2.67 | 6.33 | — | 4.01 | — | 1.76 | — | 1.49 |
P/E links to full P/E history page with 30-year chart
ERJ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Embraer S.A.'s enterprise value stands at 14.3x EBITDA, 12% below its 5-year average of 16.3x. This is roughly in line with the Industrials sector median of 13.9x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.22 | 0.90 | 0.76 | 1.32 | 1.03 | 0.53 | 1.34 | 1.81 | 0.64 | 0.53 |
| EV / EBITDA | 14.31 | 8.54 | 8.53 | 34.72 | 13.49 | — | 21.68 | 18.52 | 16.01 | 5.29 | 3.77 |
| EV / EBIT | 19.53 | 10.11 | 13.30 | 191.42 | 20.39 | — | 130.20 | 18.52 | 16.01 | 5.29 | 3.77 |
| EV / FCF | — | 19.20 | 25.47 | 7.00 | 22.39 | — | 8.83 | — | 8.81 | — | 4.94 |
ERJ Profitability
Margins and return-on-capital ratios measuring operating efficiency
Embraer S.A. earns an operating margin of 10.4%, above the Industrials sector average of 4.3%. Operating margins have expanded from -2.4% to 10.4% over the past 3 years, signaling improving operational efficiency. ROE of 11.0% is modest. ROIC of 11.4% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.0% | 18.0% | 17.3% | 20.1% | 15.6% | 12.7% | 14.6% | 15.1% | 11.7% | 19.7% | 18.7% |
| Operating Margin | 10.4% | 10.4% | 6.0% | -2.4% | 4.8% | -8.6% | -1.4% | 1.8% | -5.9% | 5.9% | 6.1% |
| Net Profit Margin | 5.5% | 5.5% | 3.1% | -4.1% | -1.1% | -19.4% | -5.9% | -3.5% | 10.4% | 2.9% | 1.2% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.0% | 11.0% | 5.6% | -6.6% | -1.6% | -22.4% | -8.6% | -2.1% | 6.7% | 4.3% | 2.3% |
| ROA | 3.1% | 3.1% | 1.6% | -1.8% | -0.4% | -6.9% | -2.9% | -0.7% | 2.2% | 1.4% | 0.8% |
| ROIC | 11.4% | 11.4% | 5.4% | -1.8% | 2.9% | -5.7% | -1.2% | 0.4% | -1.6% | 4.1% | 6.3% |
| ROCE | 9.2% | 9.2% | 4.5% | -1.6% | 2.6% | -5.3% | -1.2% | 0.5% | -1.7% | 3.9% | 5.3% |
ERJ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Embraer S.A. carries a Debt/EBITDA ratio of 2.9x, which is moderately leveraged (12% below the sector average of 3.2x). Net debt stands at $1.0B ($2.6B total debt minus $1.6B cash). Interest coverage of 3.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.78 | 0.78 | 0.98 | 1.16 | 1.47 | 1.55 | 0.04 | 1.04 | 1.12 | 1.08 | 1.05 |
| Debt / EBITDA | 2.86 | 2.86 | 5.36 | 32.81 | 9.98 | — | 1.11 | 10.91 | 15.80 | 5.49 | 4.72 |
| Net Debt / Equity | — | 0.31 | 0.45 | 0.52 | 0.82 | 0.90 | -0.20 | 0.70 | 0.81 | 0.75 | 0.47 |
| Net Debt / EBITDA | 1.14 | 1.14 | 2.43 | 14.60 | 5.54 | — | -5.34 | 7.40 | 11.40 | 3.84 | 2.11 |
| Debt / FCF | — | 2.57 | 7.27 | 2.94 | 9.20 | — | -2.17 | — | 6.28 | — | 2.76 |
| Interest Coverage | 3.41 | 3.41 | 1.48 | 0.08 | 1.06 | -1.74 | 0.10 | 1.59 | 7.02 | 3.70 | 4.69 |
ERJ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.47x means Embraer S.A. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.82x 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 1.79x to 1.47x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.47 | 1.47 | 1.65 | 1.79 | 2.08 | 2.52 | 1.34 | 2.33 | 2.53 | 2.11 | 2.08 |
| Quick Ratio | 0.82 | 0.82 | 0.94 | 1.08 | 1.39 | 1.53 | 1.14 | 1.52 | 1.77 | 1.34 | 1.36 |
| Cash Ratio | 0.50 | 0.50 | 0.59 | 0.72 | 0.91 | 1.11 | 0.20 | 1.00 | 1.30 | 0.93 | 0.91 |
| Asset Turnover | — | 0.54 | 0.49 | 0.45 | 0.41 | 0.36 | 0.52 | 0.45 | 0.21 | 0.53 | 0.51 |
| Inventory Turnover | 1.81 | 1.81 | 1.67 | 1.58 | 1.81 | 1.38 | 3.66 | 1.74 | 1.06 | 2.00 | 2.16 |
| Days Sales Outstanding | — | 62.66 | 64.99 | 69.50 | 77.79 | 76.25 | 47.16 | 38.62 | 69.17 | 28.22 | 53.77 |
ERJ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Embraer S.A. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 2.9% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.4% | — | — | — | 0.1% | 1.0% | 3.9% | 2.8% | 3.4% |
| Payout Ratio | — | — | 8.2% | — | — | — | — | — | 19.8% | 17.1% | 67.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 5.2% | 4.8% | — | — | — | — | — | 19.9% | 16.3% | 5.0% |
| FCF Yield | 3.4% | 6.0% | 5.5% | 24.7% | 7.6% | — | 9.1% | — | 39.5% | — | 46.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 1.1% | 1.7% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.4% | 0.0% | 0.1% | 0.0% | 0.1% | 1.0% | 5.0% | 4.5% | 3.4% |
| Shares Outstanding | — | $184M | $184M | $184M | $184M | $184M | $184M | $184M | $184M | $184M | $183M |
Peer Comparison
Compare ERJ 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 |
|---|---|---|---|---|---|---|---|---|---|
 ERJYou | $12B | 34.1 | 14.3 | 29.6 | 18.0% | 10.4% | 11.0% | 11.4% | 2.9 |
 BA | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 TDG | $75B | 41.4 | 22.6 | 41.3 | 60.1% | 47.2% | — | 20.9% | 6.6 |
 HII | $11B | 18.5 | 14.5 | 14.2 | 12.7% | 4.9% | 12.4% | 6.2% | 3.4 |
 TXT | $16B | 17.5 | 10.8 | 17.6 | 16.9% | 8.4% | 12.2% | 9.4% | 2.6 |
 LMT | $118B | 23.8 | 16.0 | 17.0 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 GD | $95B | 22.6 | 16.9 | 23.9 | 15.1% | 10.2% | 17.7% | 12.5% | 1.6 |
 NOC | $74B | 17.9 | 15.5 | 22.4 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
 RTX | $250B | 37.4 | 21.9 | 31.5 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
 KTOS | $10B | 417.0 | 112.5 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 JOBY | $10B | -8.8 | — | — | -30.1% | -1346.9% | -80.1% | -54.7% | — |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 26 years · Updated daily
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ERJ — Frequently Asked Questions
Quick answers to the most common questions about buying ERJ stock.
What is Embraer S.A.'s P/E ratio?
Embraer S.A.'s current P/E ratio is 34.1x. The historical average is 9.7x. This places it at the 100th percentile of its historical range.
What is Embraer S.A.'s EV/EBITDA?
Embraer S.A.'s current EV/EBITDA is 14.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.9x.
What is Embraer S.A.'s ROE?
Embraer S.A.'s return on equity (ROE) is 11.0%. The historical average is 12.6%.
Is ERJ stock overvalued?
Based on historical data, Embraer S.A. is trading at a P/E of 34.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Embraer S.A.'s profit margins?
Embraer S.A. has 18.0% gross margin and 10.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Embraer S.A. have?
Embraer S.A.'s Debt/EBITDA ratio is 2.9x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.