Latest Ratios: P/E Ratio 6.8x · EV/EBITDA 6.2x · ROE 12.3%. (1996–2025 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 | $1.3B | $1.5B | $1.6B | $1.4B | $959M | $1.5B | $909M | $772M | $1.9B | $1.4B | $1.1B |
| Enterprise Value | $2.8B | $3.0B | $3.4B | $2.8B | $2.0B | $2.1B | $1.4B | $1.3B | $1.8B | $1.3B | $1.2B |
| P/E Ratio → | 6.78 | 7.34 | 9.77 | 22.64 | 20.36 | 45.94 | 18.62 | 10.88 | 12.39 | 11.75 | 5.91 |
| P/S Ratio | 0.41 | 0.46 | 0.44 | 0.36 | 0.32 | 0.85 | 0.33 | 0.25 | 0.76 | 0.64 | 0.41 |
| P/B Ratio | 0.80 | 0.86 | 0.99 | 0.98 | 0.66 | 0.99 | 0.60 | 0.52 | 1.35 | 1.15 | 1.08 |
| P/FCF | — | — | — | — | — | — | 4.17 | — | — | 7.17 | 5.60 |
| P/OCF | 5.01 | 5.64 | 4.72 | 18.44 | — | — | 3.19 | — | 17.63 | 4.97 | 3.28 |
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 | — | 0.93 | 0.96 | 0.71 | 0.68 | 1.17 | 0.49 | 0.42 | 0.73 | 0.62 | 0.43 |
| EV / EBITDA | 6.19 | 6.56 | 8.04 | 9.00 | 11.08 | 14.55 | 5.25 | 5.47 | 6.51 | 4.16 | 2.52 |
| EV / EBIT | 8.43 | 7.59 | 10.13 | 13.69 | 18.10 | 66.83 | 8.26 | 6.96 | 7.16 | 5.07 | 2.81 |
| EV / FCF | — | — | — | — | — | — | 6.24 | — | — | 6.87 | 5.88 |
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 | 18.6% | 18.6% | 15.6% | 11.2% | 10.3% | 13.3% | 12.7% | 12.1% | 16.6% | 20.5% | 21.3% |
| Operating Margin | 10.4% | 10.4% | 8.6% | 5.2% | 2.7% | 2.3% | 5.4% | 5.0% | 8.2% | 11.8% | 14.7% |
| Net Profit Margin | 6.3% | 6.3% | 4.5% | 1.6% | 1.6% | 1.9% | 1.8% | 2.3% | 6.0% | 5.3% | 6.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.3% | 12.3% | 10.5% | 4.3% | 3.2% | 2.2% | 3.3% | 4.9% | 11.5% | 10.4% | 19.5% |
| ROA | 4.7% | 4.7% | 3.9% | 1.6% | 1.3% | 1.0% | 1.6% | 2.6% | 6.2% | 5.5% | 10.1% |
| ROIC | 7.6% | 7.6% | 7.4% | 5.8% | 2.6% | 1.5% | 5.7% | 6.9% | 12.4% | 17.3% | 27.8% |
| ROCE | 9.1% | 9.1% | 9.3% | 7.0% | 3.0% | 1.6% | 6.2% | 7.0% | 10.4% | 14.9% | 28.7% |
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 | 1.06 | 1.06 | 1.38 | 1.15 | 1.11 | 0.82 | 0.85 | 0.58 | 0.33 | 0.46 | 0.30 |
| Debt / EBITDA | 4.00 | 4.00 | 5.16 | 5.37 | 8.89 | 8.79 | 4.96 | 3.62 | 1.65 | 1.75 | 0.66 |
| Net Debt / Equity | — | 0.87 | 1.15 | 0.94 | 0.73 | 0.38 | 0.30 | 0.35 | -0.05 | -0.05 | 0.05 |
| Net Debt / EBITDA | 3.29 | 3.29 | 4.32 | 4.40 | 5.83 | 4.04 | 1.74 | 2.18 | -0.27 | -0.18 | 0.12 |
| Debt / FCF | — | — | — | — | — | — | 2.07 | — | — | -0.30 | 0.28 |
| Interest Coverage | 4.32 | 4.32 | 3.56 | 2.60 | 2.01 | 0.69 | 3.88 | 5.72 | 8.25 | 11.23 | 23.81 |
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 | 2.80 | 2.80 | 2.57 | 1.75 | 1.98 | 1.85 | 2.15 | 2.31 | 2.76 | 3.10 | 2.29 |
| Quick Ratio | 1.58 | 1.58 | 1.41 | 0.90 | 1.14 | 1.21 | 1.44 | 1.20 | 1.86 | 2.15 | 1.30 |
| Cash Ratio | 0.58 | 0.58 | 0.53 | 0.31 | 0.58 | 0.75 | 1.11 | 0.57 | 1.13 | 1.48 | 0.67 |
| Asset Turnover | — | 0.74 | 0.83 | 0.99 | 0.77 | 0.52 | 0.88 | 1.01 | 1.02 | 0.91 | 1.46 |
| Inventory Turnover | 3.83 | 3.83 | 3.87 | 4.25 | 3.28 | 2.64 | 4.60 | 4.01 | 4.85 | 4.33 | 5.76 |
| Days Sales Outstanding | — | 64.49 | 58.66 | 52.97 | 66.30 | 87.36 | 31.25 | 44.93 | 50.51 | 46.96 | 31.66 |
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 | 2.9% | 2.6% | 2.4% | 2.5% | 3.7% | 2.4% | 3.9% | 4.3% | 1.6% | 1.8% | 2.1% |
| Payout Ratio | 19.4% | 19.4% | 24.0% | 57.8% | 76.3% | 109.8% | 71.8% | 46.7% | 19.7% | 21.4% | 12.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 14.8% | 13.6% | 10.2% | 4.4% | 4.9% | 2.2% | 5.4% | 9.2% | 8.1% | 8.5% | 16.9% |
| FCF Yield | — | — | — | — | — | — | 24.0% | — | — | 14.0% | 17.8% |
| Buyback Yield | 1.7% | 1.5% | 0.1% | 4.0% | 0.4% | 1.3% | 0.2% | 0.8% | 0.4% | 0.4% | 3.0% |
| Total Shareholder Yield | 4.6% | 4.2% | 2.5% | 6.5% | 4.1% | 3.7% | 4.1% | 5.1% | 2.0% | 2.2% | 5.2% |
| Shares Outstanding | — | $32M | $32M | $34M | $34M | $34M | $33M | $33M | $33M | $33M | $32M |
Includes 30+ ratios · 30 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 GBX stock.
The Greenbrier Companies, Inc.'s current P/E ratio is 6.8x. The historical average is 23.1x. This places it at the 4th percentile of its historical range.
The Greenbrier Companies, Inc.'s current EV/EBITDA is 6.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.1x.
The Greenbrier Companies, Inc.'s return on equity (ROE) is 12.3%. The historical average is 7.6%.
Based on historical data, The Greenbrier Companies, Inc. is trading at a P/E of 6.8x. This is at the 4th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Greenbrier Companies, Inc.'s current dividend yield is 2.86% with a payout ratio of 19.4%.
The Greenbrier Companies, Inc. has 18.6% gross margin and 10.4% operating margin. Operating margin between 10-20% is typical for established companies.
The Greenbrier Companies, Inc.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Revenue decline and margin compression
Metrics are mathematically derived from official filings.
Margin Compression Signals Pricing Pressure
Gross margin fell to 14.1% in 2026Q3 from 18.5% a year earlier, a 440 bps contraction, while operating margin dropped to 5.5% from 9.9%, per reported financials.
The sequential deterioration in gross margin from 14.6% in 2026Q1 to 14.1% in 2026Q3, despite a slight recovery in Q2, suggests that pricing power remains weak and input costs may be sticky. Operating margin compression is more severe, falling from 8.7% to 5.5% over the same period, indicating that fixed costs are not flexing down with revenue. This margin erosion, coupled with a 31.4% year-over-year revenue decline, points to negative operating leverage that could persist if demand does not recover.
Working Capital Cycle Lengthens
Cash conversion cycle extended to 114 days in 2026Q3 from 116 days a year earlier, with DSO at 74 days and DIO at 115 days, per quarterly data.
The CCC has remained elevated above 110 days for the past three quarters, driven by high inventory days (DIO) that peaked at 115 in 2026Q3, up from 93 in 2025Q3. This suggests that inventory is building relative to sales, possibly due to slower demand or production mismatches. DSO has also crept up from 61 to 74 days year-over-year, indicating slower collections, which may strain cash flow if the trend continues. The company's ability to manage working capital will be critical, as the negative FCF margin of -49.7% in 2026Q3 highlights the cash drag from these extended cycles.
Debt Service Comfort Wanes
Interest coverage fell to 0.71x in 2026Q2 from 5.40x in 2025Q3, while D/EBITDA spiked to 56.6x in 2026Q3, per reported figures.
The dramatic deterioration in interest coverage from 5.40x in 2025Q3 to 0.71x in 2026Q2 indicates that operating income is barely covering interest expense, a sharp reversal from prior quarters. Although D/E improved to 1.06 from 1.38 a year ago, the D/EBITDA ratio of 56.6x in 2026Q3 is distorted by depressed EBITDA, but it still signals that debt levels are high relative to current earnings. This suggests that the company's leverage is becoming less comfortable, and any further earnings decline could strain debt service capabilities.
Liquidity Buffer Improves but Cash Dwindles
Current ratio rose to 2.81 in 2026Q3 from 1.61 a year earlier, but cash dropped to $273.7M from $342.0M, per balance sheet data.
The improvement in the current ratio to 2.81 is largely due to a reduction in current liabilities, as cash actually declined. The quick ratio of 1.83 suggests that inventory is not a major liquidity concern, but the negative FCF margin of -49.7% in 2026Q3 indicates that the company is consuming cash rapidly. Under a severe stress scenario, the current ratio may provide a false sense of security if receivables or inventory become difficult to liquidate, given the extended DSO and DIO.
Valuation Discount vs. Peers
GBX trades at 7.21x P/E and 6.38x EV/EBITDA, versus Trinity's 9.75x and 11.46x, respectively, per peer data.
GBX's valuation multiples are significantly lower than Trinity's, reflecting the market's skepticism about its earnings power amid declining margins and revenue. However, GBX's P/B of 0.85 suggests the market is valuing the company below book value, which may indicate concerns about asset quality or return generation. The forward P/E of 15.10 implies an expected earnings recovery, but the PEG of 0.21 suggests that the market is pricing in very low growth, which may be overly pessimistic if the company can stabilize margins.
Misapplied P/E in Cyclical Downturn
The trailing P/E of 7.21 is misleading for a cyclical manufacturer like GBX, as it reflects trough earnings, not normalized earning power.
Using the trailing P/E to assess GBX's value is problematic because the company is in a cyclical downturn, with net margins compressing to 2.8% in 2026Q3 from 7.2% a year earlier. A more appropriate metric would be EV/EBITDA on a normalized basis, or a mid-cycle earnings estimate, to smooth out the cyclicality. The current EV/EBITDA of 6.38 may also be distorted by depressed EBITDA, so investors should consider a through-the-cycle multiple or a replacement cost-based valuation, given the asset-heavy nature of the business.