Ferrovial SE (FER) Financial Ratios
22 years of historical data (2004–2025) · Industrials · Industrial - Infrastructure Operations
EV/EBITDA
↑
28.77
+17% vs avg
5yr avg: 24.64
30Y Low10.5·High56.7
P/FCF
↓
23.84
-6% vs avg
5yr avg: 25.36
30Y Low9.2·High29.3
P/B Ratio
↑
5.41
↑+32% vs avg
5yr avg: 4.11
30Y Low1.7·High6.1
ROE
↓
11.3%
↑-39% vs avg
5yr avg: 18.6%
30Y Low-31%·High46%
Debt/EBITDA
↑
6.44
↓-26% vs avg
5yr avg: 8.70
30Y Low3.2·High23.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FER Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ferrovial SE trades at 46.8x earnings, 8% below its 5-year average of 51.0x, sitting at the 67th percentile of its historical range. Compared to the Industrials sector median P/E of 24.9x, the stock trades at a premium of 88%. On a free-cash-flow basis, the stock trades at 23.8x P/FCF, 6% below the 5-year average of 25.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $48.2B | $46.5B | $30.7B | $25.8B | $18.2B | $20.1B | $20.6B | $21.8B | $15.9B | $16.5B | $13.6B |
| Enterprise Value | $55.7B | $53.0B | $37.4B | $32.6B | $25.0B | $25.4B | $23.9B | $25.9B | $20.2B | $20.5B | $18.4B |
| P/E Ratio → | 46.78 | 52.53 | 9.47 | 75.34 | 100.72 | 16.87 | — | 48.06 | — | 37.58 | 36.43 |
| P/S Ratio | 4.31 | 4.83 | 3.35 | 3.03 | 2.41 | 2.97 | 3.25 | 3.60 | 2.77 | 3.20 | 1.26 |
| P/B Ratio | 5.41 | 6.07 | 3.77 | 4.39 | 2.87 | 3.45 | 5.38 | 4.29 | 2.97 | 2.64 | 2.15 |
| P/FCF | 23.84 | 26.75 | 28.73 | 21.91 | 20.09 | 29.33 | 21.06 | 22.34 | 23.99 | 14.39 | 13.62 |
| P/OCF | 21.53 | 24.15 | 23.71 | 20.42 | 18.18 | 24.84 | 18.83 | 18.51 | 18.82 | 12.88 | 11.57 |
P/E links to full P/E history page with 30-year chart
FER EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ferrovial SE's enterprise value stands at 28.8x EBITDA, 17% above its 5-year average of 24.6x. The Industrials sector median is 13.3x, placing the stock at a 116% 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 | — | 5.51 | 4.09 | 3.83 | 3.31 | 3.75 | 3.77 | 4.27 | 3.53 | 3.98 | 1.71 |
| EV / EBITDA | 28.77 | 31.80 | 10.53 | 31.77 | 34.57 | 14.52 | 56.66 | 44.50 | 35.75 | 27.21 | 14.52 |
| EV / EBIT | 40.74 | 35.15 | 9.12 | 30.27 | 40.13 | 20.44 | 138.21 | 30.78 | 37.96 | 26.75 | 18.02 |
| EV / FCF | — | 30.48 | 35.03 | 27.70 | 27.52 | 37.03 | 24.47 | 26.49 | 30.52 | 17.89 | 18.51 |
FER Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ferrovial SE earns an operating margin of 12.2%, above the Industrials sector average of 4.2%. Operating margins have expanded from 7.3% to 12.2% over the past 3 years, signaling improving operational efficiency. ROE of 11.3% is modest. ROIC of 6.1% represents adequate returns on invested capital versus a sector median of 6.2%.
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 | 88.3% | 88.3% | 87.8% | 87.7% | 84.1% | 84.1% | 84.2% | 84.3% | 82.8% | 210.8% | 88.2% |
| Operating Margin | 12.2% | 12.2% | 34.0% | 7.3% | 5.6% | 21.8% | 3.0% | 6.6% | 7.6% | 12.4% | 8.6% |
| Net Profit Margin | 9.2% | 9.2% | 35.4% | 5.4% | 2.5% | 17.7% | -6.7% | 4.4% | -7.8% | 8.8% | 3.5% |
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 | 11.3% | 11.3% | 46.3% | 7.5% | 3.1% | 24.8% | -9.5% | 5.1% | -7.7% | 7.2% | 5.8% |
| ROA | 3.1% | 3.1% | 11.7% | 1.7% | 0.7% | 5.0% | -1.8% | 1.1% | -2.0% | 2.0% | 1.5% |
| ROIC | 6.1% | 6.1% | 16.9% | 3.6% | 2.6% | 12.1% | 1.7% | 3.2% | 3.3% | 4.5% | 6.1% |
| ROCE | 5.4% | 5.4% | 14.4% | 3.0% | 2.2% | 9.0% | 1.3% | 2.6% | 2.7% | 3.6% | 5.3% |
FER Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ferrovial SE carries a Debt/EBITDA ratio of 6.4x, which is highly leveraged (101% above the sector average of 3.2x). Net debt stands at $6.5B ($10.7B total debt minus $4.2B cash). Interest coverage of 3.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.40 | 1.40 | 1.42 | 1.97 | 1.86 | 1.84 | 2.55 | 1.73 | 1.55 | 1.37 | 1.33 |
| Debt / EBITDA | 6.44 | 6.44 | 3.25 | 11.27 | 16.39 | 6.14 | 23.12 | 15.11 | 14.71 | 11.35 | 6.61 |
| Net Debt / Equity | — | 0.85 | 0.83 | 1.16 | 1.06 | 0.90 | 0.87 | 0.80 | 0.81 | 0.64 | 0.77 |
| Net Debt / EBITDA | 3.89 | 3.89 | 1.89 | 6.64 | 9.34 | 3.02 | 7.90 | 6.97 | 7.65 | 5.32 | 3.83 |
| Debt / FCF | — | 3.73 | 6.30 | 5.79 | 7.44 | 7.69 | 3.41 | 4.15 | 6.53 | 3.50 | 4.88 |
| Interest Coverage | 3.44 | 3.44 | 8.30 | 2.31 | 1.64 | 4.50 | 0.47 | 2.50 | 1.82 | 2.21 | 2.26 |
FER Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.13x means Ferrovial SE can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.21x to 1.13x 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 | 1.13 | 1.13 | 1.22 | 1.21 | 1.38 | 1.38 | 1.45 | 1.36 | 1.47 | 1.38 | 1.39 |
| Quick Ratio | 1.05 | 1.05 | 1.14 | 1.13 | 1.29 | 1.32 | 1.37 | 1.28 | 1.39 | 1.27 | 1.30 |
| Cash Ratio | 0.66 | 0.66 | 0.76 | 0.82 | 0.95 | 0.83 | 0.74 | 0.55 | 0.55 | 0.78 | 0.63 |
| Asset Turnover | — | 0.35 | 0.32 | 0.32 | 0.29 | 0.27 | 0.27 | 0.25 | 0.25 | 0.22 | 0.46 |
| Inventory Turnover | 2.08 | 2.08 | 2.27 | 2.29 | 2.52 | 2.66 | 1.45 | 1.36 | 1.66 | 2.14 | 2.46 |
| Days Sales Outstanding | — | 82.39 | 87.47 | 58.00 | 75.70 | 73.94 | 81.62 | 77.65 | 72.21 | 190.11 | 98.80 |
FER Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ferrovial SE returns 1.6% to shareholders annually — split between a 0.4% dividend yield and 1.2% buyback yield. The payout ratio of 17.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.1% (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 | 0.4% | 0.3% | 0.4% | 0.5% | 0.7% | 0.2% | 0.6% | 1.1% | 1.5% | 1.3% | 1.7% |
| Payout Ratio | 17.6% | 17.6% | 4.0% | 29.6% | 70.2% | 2.6% | — | 88.8% | — | 48.0% | 60.1% |
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 | 2.1% | 1.9% | 10.6% | 1.3% | 1.0% | 5.9% | — | 2.1% | — | 2.7% | 2.7% |
| FCF Yield | 4.2% | 3.7% | 3.5% | 4.6% | 5.0% | 3.4% | 4.7% | 4.5% | 4.2% | 6.9% | 7.3% |
| Buyback Yield | 1.2% | 1.1% | 3.2% | 0.4% | 2.4% | 2.1% | 1.2% | 1.3% | 1.8% | 1.8% | 2.3% |
| Total Shareholder Yield | 1.6% | 1.4% | 3.6% | 1.0% | 3.2% | 2.3% | 1.8% | 2.4% | 3.3% | 3.2% | 4.0% |
| Shares Outstanding | — | $720M | $729M | $728M | $723M | $732M | $732M | $732M | $809M | $731M | $759M |
Peer Comparison
Compare FER 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 |
|---|---|---|---|---|---|---|---|---|---|
 FERYou | $48B | 46.8 | 28.8 | 23.8 | 88.3% | 12.2% | 11.3% | 6.1% | 6.4 |
 ROAD | $7B | 64.2 | 21.1 | 43.3 | 15.6% | 8.5% | 13.7% | 10.3% | 4.4 |
 ACM | $9B | 16.9 | 9.1 | 13.5 | 7.5% | 6.4% | 22.2% | 18.6% | 2.8 |
 PWR | $116B | 113.2 | 46.8 | 71.3 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 J | $13B | 46.4 | 13.2 | 21.5 | 24.8% | 7.2% | 5.8% | 9.9% | 2.5 |
 MTZ | $33B | 81.8 | 32.5 | 114.5 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 GVA | $6B | 38.2 | 16.8 | 18.3 | 16.1% | 5.9% | 16.8% | 10.8% | 3.8 |
 ATNI | $406M | -26.9 | 5.4 | 9.2 | 37.3% | 6.0% | -2.3% | 2.6% | 3.8 |
 TTEK | $7B | 28.2 | 11.5 | 15.6 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
 KBR | $4B | 9.4 | 8.7 | 7.9 | 14.8% | 7.3% | 27.9% | 10.4% | 4.2 |
 STRL | $26B | 90.5 | 52.9 | 71.8 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
| Industrials Median | — | 24.9 | 13.3 | 19.3 | 32.1% | 4.2% | 8.2% | 6.2% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonFER — Frequently Asked Questions
Quick answers to the most common questions about buying FER stock.
What is Ferrovial SE's P/E ratio?
Ferrovial SE's current P/E ratio is 46.8x. The historical average is 39.3x. This places it at the 67th percentile of its historical range.
What is Ferrovial SE's EV/EBITDA?
Ferrovial SE's current EV/EBITDA is 28.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 26.9x.
What is Ferrovial SE's ROE?
Ferrovial SE's return on equity (ROE) is 11.3%. The historical average is 9.4%.
Is FER stock overvalued?
Based on historical data, Ferrovial SE is trading at a P/E of 46.8x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ferrovial SE's dividend yield?
Ferrovial SE's current dividend yield is 0.38% with a payout ratio of 17.6%.
What are Ferrovial SE's profit margins?
Ferrovial SE has 88.3% gross margin and 12.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Ferrovial SE have?
Ferrovial SE's Debt/EBITDA ratio is 6.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.