Elbit Systems Ltd. (ESLT) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Aerospace & Defense
EV/EBITDA
↑
42.63
↑+107% vs avg
5yr avg: 20.64
30Y Low5.4·High57.2
P/FCF
↑
60.62
↓-25% vs avg
5yr avg: 81.09
30Y Low7.9·High54.6
P/B Ratio
↑
8.80
↑+131% vs avg
5yr avg: 3.80
30Y Low1.2·High6.6
ROE
↑
14.4%
↓+33% vs avg
5yr avg: 10.8%
30Y Low-8%·High30%
Debt/EBITDA
↓
1.12
↓-49% vs avg
5yr avg: 2.20
30Y Low0.1·High13.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ESLT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Elbit Systems Ltd. trades at 68.0x earnings, 83% above its 5-year average of 37.1x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 167%. On a free-cash-flow basis, the stock trades at 60.6x P/FCF, 25% below the 5-year average of 81.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $36.3B | $27.1B | $11.5B | $9.5B | $7.3B | $7.7B | $5.8B | $6.8B | $4.9B | $5.7B | $4.4B |
| Enterprise Value | $36.6B | $27.4B | $12.6B | $10.8B | $8.4B | $8.9B | $6.7B | $7.8B | $5.5B | $6.0B | $4.5B |
| P/E Ratio → | 68.01 | 50.72 | 35.94 | 44.24 | 27.80 | 27.04 | 22.71 | 28.93 | 23.61 | 23.84 | 18.39 |
| P/S Ratio | 4.57 | 3.41 | 1.69 | 1.59 | 1.33 | 1.46 | 1.24 | 1.51 | 1.32 | 1.69 | 1.34 |
| P/B Ratio | 8.80 | 6.56 | 3.52 | 3.25 | 2.65 | 3.03 | 2.59 | 3.15 | 2.63 | 3.32 | 2.78 |
| P/FCF | 60.62 | 45.30 | 36.11 | — | 209.20 | 33.77 | 39.44 | — | 54.60 | — | 51.99 |
| P/OCF | 43.05 | 32.17 | 21.58 | 83.63 | 30.46 | 18.49 | 20.74 | — | 25.46 | 56.53 | 20.94 |
P/E links to full P/E history page with 30-year chart
ESLT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Elbit Systems Ltd.'s enterprise value stands at 42.6x EBITDA, 107% above its 5-year average of 20.6x. The Industrials sector median is 13.8x, placing the stock at a 208% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.46 | 1.85 | 1.80 | 1.52 | 1.69 | 1.44 | 1.73 | 1.48 | 1.77 | 1.39 |
| EV / EBITDA | 42.63 | 31.95 | 18.92 | 20.44 | 16.00 | 15.91 | 14.27 | 17.03 | 13.30 | 13.67 | 10.62 |
| EV / EBIT | 53.27 | 43.31 | 26.65 | 33.29 | 25.13 | 21.84 | 23.47 | 28.46 | 20.58 | 19.83 | 15.51 |
| EV / FCF | — | 45.85 | 39.56 | — | 239.93 | 39.01 | 45.75 | — | 61.17 | — | 54.17 |
ESLT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Elbit Systems Ltd. earns an operating margin of 8.7%, above the Industrials sector average of 4.3%. Operating margins have expanded from 6.1% to 8.7% over the past 3 years, signaling improving operational efficiency. ROE of 14.4% is modest. ROIC of 11.7% 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.4% | 24.4% | 24.0% | 24.8% | 24.9% | 25.7% | 25.0% | 25.2% | 26.5% | 29.7% | 29.6% |
| Operating Margin | 8.7% | 8.7% | 7.5% | 6.1% | 6.6% | 7.7% | 7.0% | 7.1% | 7.9% | 9.6% | 9.3% |
| Net Profit Margin | 6.7% | 6.7% | 4.7% | 3.6% | 5.0% | 5.2% | 5.1% | 5.1% | 5.6% | 7.1% | 7.3% |
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 | 14.4% | 14.4% | 10.3% | 7.6% | 10.4% | 11.5% | 10.8% | 11.4% | 11.6% | 14.6% | 16.0% |
| ROA | 4.5% | 4.5% | 3.1% | 2.3% | 3.0% | 3.2% | 3.1% | 3.3% | 3.7% | 5.3% | 5.6% |
| ROIC | 11.7% | 11.7% | 8.9% | 6.8% | 7.2% | 8.8% | 7.7% | 8.6% | 9.9% | 13.0% | 13.6% |
| ROCE | 11.1% | 11.1% | 9.6% | 7.4% | 7.1% | 8.4% | 7.6% | 8.4% | 9.5% | 12.8% | 12.4% |
ESLT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Elbit Systems Ltd. carries a Debt/EBITDA ratio of 1.1x, which is manageable (65% below the sector average of 3.2x). Net debt stands at $330M ($965M total debt minus $635M cash). Interest coverage of 13.4x 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 | 0.23 | 0.23 | 0.42 | 0.50 | 0.47 | 0.57 | 0.54 | 0.57 | 0.43 | 0.26 | 0.26 |
| Debt / EBITDA | 1.12 | 1.12 | 2.05 | 2.78 | 2.45 | 2.60 | 2.56 | 2.69 | 1.93 | 1.02 | 0.95 |
| Net Debt / Equity | — | 0.08 | 0.34 | 0.43 | 0.39 | 0.47 | 0.41 | 0.47 | 0.32 | 0.17 | 0.12 |
| Net Debt / EBITDA | 0.38 | 0.38 | 1.65 | 2.41 | 2.05 | 2.14 | 1.97 | 2.21 | 1.43 | 0.66 | 0.43 |
| Debt / FCF | — | 0.55 | 3.46 | — | 30.74 | 5.24 | 6.30 | — | 6.57 | — | 2.18 |
| Interest Coverage | 13.41 | 13.41 | 3.58 | 4.23 | 6.50 | 21.57 | 4.01 | 6.93 | 8.10 | 11.92 | 12.76 |
ESLT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.29x means Elbit Systems Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.77x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.14x to 1.29x 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 | 1.29 | 1.29 | 1.20 | 1.14 | 1.18 | 1.24 | 1.18 | 1.16 | 1.13 | 1.25 | 1.27 |
| Quick Ratio | 0.77 | 0.77 | 0.67 | 0.67 | 0.72 | 0.82 | 0.82 | 0.77 | 0.73 | 0.82 | 0.84 |
| Cash Ratio | 0.14 | 0.14 | 0.05 | 0.04 | 0.05 | 0.06 | 0.08 | 0.07 | 0.08 | 0.08 | 0.13 |
| Asset Turnover | — | 0.63 | 0.62 | 0.61 | 0.60 | 0.57 | 0.58 | 0.61 | 0.57 | 0.72 | 0.75 |
| Inventory Turnover | 1.92 | 1.92 | 1.87 | 1.95 | 2.13 | 2.35 | 2.66 | 2.76 | 2.37 | 2.63 | 2.73 |
| Days Sales Outstanding | — | 164.24 | 166.23 | 172.10 | 180.03 | 191.55 | 197.24 | 167.41 | 169.73 | 183.91 | 145.91 |
ESLT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Elbit Systems Ltd. returns 0.3% to shareholders annually primarily through dividends. The payout ratio of 22.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.5% (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 | 0.3% | 0.4% | 0.8% | 0.9% | 1.2% | 1.0% | 1.4% | 0.9% | 1.5% | 1.3% | 1.6% |
| Payout Ratio | 22.6% | 22.6% | 27.7% | 41.5% | 31.5% | 28.9% | 32.9% | 27.5% | 36.4% | 31.5% | 28.9% |
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 | 1.5% | 2.0% | 2.8% | 2.3% | 3.6% | 3.7% | 4.4% | 3.5% | 4.2% | 4.2% | 5.4% |
| FCF Yield | 1.6% | 2.2% | 2.8% | — | 0.5% | 3.0% | 2.5% | — | 1.8% | — | 1.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.3% | 0.4% | 0.8% | 0.9% | 1.2% | 1.0% | 1.4% | 0.9% | 1.5% | 1.3% | 1.6% |
| Shares Outstanding | — | $47M | $45M | $45M | $45M | $44M | $44M | $44M | $43M | $43M | $43M |
Peer Comparison
Compare ESLT 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 |
|---|---|---|---|---|---|---|---|---|---|
 ESLTYou | $36B | 68.0 | 42.6 | 60.6 | 24.4% | 8.7% | 14.4% | 11.7% | 1.1 |
 LHX | $53B | 33.5 | 18.4 | 19.9 | 25.7% | 10.0% | 8.2% | 5.4% | 3.1 |
 HII | $11B | 18.1 | 14.2 | 13.8 | 12.7% | 4.9% | 12.4% | 6.2% | 3.4 |
 LDOS | $13B | 9.4 | 7.4 | 8.1 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 BAH | $8B | 9.2 | 8.7 | 8.0 | 20.9% | 9.8% | 80.7% | 18.6% | 3.3 |
 CACI | $10B | 20.1 | 13.7 | 20.6 | 8.9% | 8.9% | 13.5% | 9.2% | 3.5 |
 SAIC | $4B | 13.1 | 10.1 | 7.4 | 12.1% | 7.2% | 23.3% | 9.9% | 4.0 |
 RTX | $245B | 36.7 | 21.5 | 30.8 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
 NOC | $72B | 17.4 | 15.2 | 21.8 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
 LMT | $114B | 23.0 | 15.6 | 16.5 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 GD | $93B | 22.2 | 16.6 | 23.5 | 15.1% | 10.2% | 17.7% | 12.5% | 1.6 |
| Industrials Median | — | 25.5 | 13.8 | 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 · 30 years · Updated daily
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ESLT — Frequently Asked Questions
Quick answers to the most common questions about buying ESLT stock.
What is Elbit Systems Ltd.'s P/E ratio?
Elbit Systems Ltd.'s current P/E ratio is 68.0x. The historical average is 21.3x. This places it at the 100th percentile of its historical range.
What is Elbit Systems Ltd.'s EV/EBITDA?
Elbit Systems Ltd.'s current EV/EBITDA is 42.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.7x.
What is Elbit Systems Ltd.'s ROE?
Elbit Systems Ltd.'s return on equity (ROE) is 14.4%. The historical average is 14.0%.
Is ESLT stock overvalued?
Based on historical data, Elbit Systems Ltd. is trading at a P/E of 68.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Elbit Systems Ltd.'s dividend yield?
Elbit Systems Ltd.'s current dividend yield is 0.33% with a payout ratio of 22.6%.
What are Elbit Systems Ltd.'s profit margins?
Elbit Systems Ltd. has 24.4% gross margin and 8.7% operating margin.
How much debt does Elbit Systems Ltd. have?
Elbit Systems Ltd.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.