Latest Ratios: P/E Ratio 44.8x · EV/EBITDA 19.7x · ROE 12.4%. (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 | $5.7B | $6.2B | $8.7B | $9.7B | $7.5B | $12.7B | $10.3B | $7.9B | $4.8B | $9.1B | $7.2B |
| Enterprise Value | $8.0B | $8.5B | $11.1B | $12.2B | $9.6B | $15.1B | $12.6B | $9.8B | $6.8B | $10.3B | $8.4B |
| P/E Ratio → | 44.81 | 20.80 | 18.46 | 24.02 | 10.92 | 16.49 | 18.59 | 18.25 | 12.21 | 19.18 | 17.51 |
| P/S Ratio | 1.32 | 1.39 | 1.89 | 2.10 | 1.59 | 2.65 | 2.84 | 1.37 | 0.87 | 1.72 | 1.45 |
| P/B Ratio | 2.44 | 2.61 | 3.59 | 4.24 | 3.60 | 4.16 | 3.70 | 3.25 | 2.18 | 3.50 | 3.05 |
| P/FCF | 10.34 | 16.97 | 18.34 | 12.16 | 23.42 | 26.86 | 15.21 | 15.61 | 10.47 | 20.93 | 14.27 |
| P/OCF | 11.98 | 13.01 | 13.03 | 9.21 | 13.24 | 18.51 | 12.44 | 12.38 | 7.87 | 15.18 | 11.08 |
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 | — | 1.91 | 2.42 | 2.63 | 2.04 | 3.15 | 3.47 | 1.70 | 1.24 | 1.95 | 1.68 |
| EV / EBITDA | 19.72 | 10.43 | 11.97 | 15.53 | 9.96 | 15.13 | 17.18 | 11.54 | 9.16 | 12.67 | 11.32 |
| EV / EBIT | 12.90 | 16.35 | 15.35 | 19.18 | 12.24 | 18.67 | 21.55 | 14.68 | 11.16 | 15.05 | 13.29 |
| EV / FCF | — | 23.19 | 23.49 | 15.23 | 30.06 | 31.90 | 18.61 | 19.44 | 15.04 | 23.66 | 16.61 |
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 | 44.6% | 44.6% | 44.8% | 41.3% | 40.9% | 40.8% | 40.4% | 35.6% | 35.7% | 36.4% | 36.0% |
| Operating Margin | 13.9% | 13.9% | 16.0% | 13.3% | 16.4% | 16.9% | 15.7% | 12.1% | 10.9% | 12.9% | 12.4% |
| Net Profit Margin | 6.7% | 6.7% | 10.2% | 8.7% | 14.5% | 16.1% | 15.3% | 7.5% | 7.1% | 8.9% | 8.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.4% | 12.4% | 20.0% | 18.5% | 26.7% | 26.5% | 21.3% | 18.7% | 16.3% | 19.0% | 17.2% |
| ROA | 4.6% | 4.6% | 7.2% | 6.4% | 9.8% | 10.1% | 8.1% | 7.0% | 6.8% | 8.9% | 8.3% |
| ROIC | 9.8% | 9.8% | 11.5% | 10.3% | 12.0% | 11.6% | 9.0% | 12.2% | 11.1% | 14.0% | 13.4% |
| ROCE | 11.9% | 11.9% | 14.3% | 12.4% | 14.7% | 13.5% | 10.4% | 14.9% | 13.1% | 15.4% | 14.7% |
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 | 1.07 | 1.07 | 1.17 | 1.23 | 1.33 | 0.92 | 0.98 | 0.96 | 1.07 | 0.58 | 0.61 |
| Debt / EBITDA | 3.12 | 3.12 | 3.03 | 3.59 | 2.87 | 2.82 | 3.71 | 2.73 | 3.13 | 1.85 | 1.93 |
| Net Debt / Equity | — | 0.95 | 1.01 | 1.07 | 1.02 | 0.78 | 0.83 | 0.80 | 0.95 | 0.46 | 0.50 |
| Net Debt / EBITDA | 2.80 | 2.80 | 2.63 | 3.12 | 2.20 | 2.39 | 3.14 | 2.27 | 2.78 | 1.46 | 1.59 |
| Debt / FCF | — | 6.22 | 5.15 | 3.06 | 6.64 | 5.04 | 3.40 | 3.83 | 4.56 | 2.72 | 2.34 |
| Interest Coverage | 4.52 | 4.52 | 5.45 | 5.45 | 6.60 | 9.62 | 6.96 | 7.11 | 8.21 | 13.85 | 12.86 |
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 | 1.84 | 1.84 | 1.25 | 1.70 | 1.59 | 1.39 | 1.64 | 1.35 | 1.13 | 1.77 | 1.72 |
| Quick Ratio | 0.89 | 0.89 | 0.65 | 0.89 | 0.93 | 0.79 | 1.00 | 0.84 | 0.68 | 1.13 | 1.08 |
| Cash Ratio | 0.25 | 0.25 | 0.24 | 0.31 | 0.42 | 0.22 | 0.31 | 0.28 | 0.18 | 0.36 | 0.30 |
| Asset Turnover | — | 0.68 | 0.70 | 0.70 | 0.77 | 0.60 | 0.49 | 0.92 | 0.92 | 0.96 | 0.97 |
| Inventory Turnover | 2.41 | 2.41 | 2.65 | 2.76 | 2.73 | 2.38 | 2.49 | 5.17 | 5.19 | 5.78 | 6.00 |
| Days Sales Outstanding | — | 41.96 | 40.74 | 42.15 | 40.33 | 44.12 | 74.07 | 39.56 | 38.04 | 38.36 | 40.32 |
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 | 2.1% | 1.9% | 1.4% | 1.2% | 1.9% | 1.1% | 1.3% | 1.6% | 2.4% | 1.2% | 1.4% |
| Payout Ratio | 40.4% | 40.4% | 25.3% | 28.9% | 21.2% | 18.5% | 24.1% | 28.5% | 29.6% | 23.3% | 23.8% |
| 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% | 4.8% | 5.4% | 4.2% | 9.2% | 6.1% | 5.4% | 5.5% | 8.2% | 5.2% | 5.7% |
| FCF Yield | 9.7% | 5.9% | 5.5% | 8.2% | 4.3% | 3.7% | 6.6% | 6.4% | 9.5% | 4.8% | 7.0% |
| Buyback Yield | 4.3% | 4.0% | 2.8% | 1.5% | 7.7% | 3.5% | 1.8% | 1.3% | 14.6% | 2.4% | 5.9% |
| Total Shareholder Yield | 6.4% | 5.9% | 4.1% | 2.7% | 9.7% | 4.6% | 3.1% | 2.8% | 17.0% | 3.6% | 7.2% |
| Shares Outstanding | — | $121M | $126M | $128M | $131M | $140M | $140M | $141M | $146M | $156M | $158M |
Includes 30+ ratios · 17 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FBIN stock.
Fortune Brands Innovations, Inc.'s current P/E ratio is 44.8x. The historical average is 21.8x. This places it at the 100th percentile of its historical range.
Fortune Brands Innovations, Inc.'s current EV/EBITDA is 19.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.2x.
Fortune Brands Innovations, Inc.'s return on equity (ROE) is 12.4%. The historical average is 15.2%.
Based on historical data, Fortune Brands Innovations, Inc. is trading at a P/E of 44.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Fortune Brands Innovations, Inc.'s current dividend yield is 2.07% with a payout ratio of 40.4%.
Fortune Brands Innovations, Inc. has 44.6% gross margin and 13.9% operating margin. Operating margin between 10-20% is typical for established companies.
Fortune Brands Innovations, Inc.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Sustained housing turnover weakness
Metrics are mathematically derived from official filings.
Discount Multiples Mask Earnings Fragility
Based on reported figures, FBIN trades at 19.0x trailing and 14.1x forward earnings, a discount to Trex at 31.5x and Sherwin-Williams at 34.0x, though its 2.1% yield is supported by thin recent operating margins.
The gap between trailing and forward P/E suggests the market is pricing in a recovery in earnings from the recent quarterly EPS beat, which appears partly driven by non-recurring items. The discount to pure-play decking peer Trex likely reflects FBIN's mature plumbing and security exposure and its shrinking revenue base rather than a mispricing. Investors should monitor whether forward estimates hold once the one-time effects roll off.
Margin Swings Undercut Earning Power
As reported in quarterly income statements, FBIN's operating margin fell from 17.8% in mid-2024 to negative 0.8% in Q2 2026, indicating SG&A has not flexed down with declining revenue.
Gross margin has held in a 41.7% to 51.2% band, suggesting pricing and product mix are doing reasonable work, but the collapse at the operating line points to fixed cost deleverage. Net margin of 4.5% in the latest quarter is well below the 11.8% peak, so the recent recovery rests on a thin base. Operating margin is a better gauge of true earning power here than the reported net figure, which is distorted by discrete items.
Returns Decaying From Peak Levels
Based on FBIN's reported figures, ROIC has compressed from 3.1% in Q3 2024 to 1.0% in Q3 2026, while ROE fell from 5.8% to 2.2% over the same period.
The decline in ROIC is driven primarily by margin compression rather than capital efficiency, since asset turnover has remained roughly flat near 0.17 to 0.18. Returns at these levels are well below what a building-products peer like Masco appears to earn at 35.4% ROIC, which points to a structural gap in capital productivity. Whether returns recover depends on volume normalization rather than balance sheet actions.
Coverage Metrics Require Data Verification
As reported in quarterly figures, FBIN's interest coverage swung from 6.8x in Q3 2024 to 2.7x in Q3 2026, while the reported 1.12 debt-to-equity figure conflicts with roughly $2.6 billion in total debt against $2.3 billion of equity.
Deleveraging through debt paydown appears to have occurred, yet the coverage deterioration suggests earnings have fallen faster than interest burden. The reported debt-to-equity figure should be reconciled before drawing firm leverage conclusions, as the underlying balance sheet data implies a higher ratio. Investors should monitor whether coverage stabilizes if operating income does not recover.
Current Ratio Stable But Cash Thinning
Based on reported balance sheets, FBIN's current ratio of 1.83 at Q3 2026 provides adequate coverage, though cash has declined from $381.1 million at year-end 2024 to $230.9 million.
The quick ratio of 0.89 indicates reliance on inventory and receivables to meet near-term obligations, which makes the position sensitive to working capital timing. The prior cash flow pattern of first-quarter outflows suggests liquidity may tighten seasonally. Under a severe housing downturn, the dependence on inventory conversion would warrant close monitoring.
Misapplied Metric: Trailing P/E Overstates Cheapness
The trailing P/E of 19.0x is most commonly misapplied to FBIN because the recent EPS beat appears to be non-recurring, making the apparent discount to peers look more attractive than the underlying earnings base supports.
Trailing P/E treats a single strong quarter as representative of run-rate earnings, which is misleading when the surrounding quarters show operating losses and falling margins. A normalized earnings base, such as EV/EBITDA adjusted for the spin-off and restructuring effects, or free cash flow yield averaged over ten quarters, would give a more defensible view. Investors should favor these alternatives when assessing whether the valuation discount is genuine.