Graham Corporation (GHM) Financial Ratios
30 years of historical data (1995–2024) · Industrials · Industrial - Machinery
EV/EBITDA
↓
49.80
↑+170% vs avg
5yr avg: 18.46
30Y Low3.0·High51.2
P/FCF
↑
199.05
↑+572% vs avg
5yr avg: 29.63
30Y Low4.4·High59.5
P/B Ratio
↑
8.98
↑+388% vs avg
5yr avg: 1.84
30Y Low0.6·High3.7
ROE
↑
10.9%
↓+493% vs avg
5yr avg: 1.8%
30Y Low-17%·High38%
Debt/EBITDA
↑
0.32
↓-66% vs avg
5yr avg: 0.95
30Y Low0.0·High29.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GHM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Graham Corporation trades at 87.5x earnings, 75% above its 5-year average of 50.1x, sitting at the 95th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 242%. On a free-cash-flow basis, the stock trades at 199.1x P/FCF, 572% above the 5-year average of 29.6x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $319M | $296M | $139M | $81M | $142M | $127M | $193M | $209M | $224M | $199M |
| Enterprise Value | $1.1B | $304M | $287M | $141M | $93M | $82M | $95M | $178M | $169M | $185M | $175M |
| P/E Ratio → | 87.46 | 25.96 | 64.95 | — | — | 59.33 | 67.89 | — | — | 44.23 | 32.64 |
| P/S Ratio | 5.08 | 1.52 | 1.59 | 0.89 | 0.66 | 1.45 | 1.41 | 2.10 | 2.70 | 2.44 | 2.21 |
| P/B Ratio | 8.98 | 2.67 | 2.80 | 1.44 | 0.84 | 1.45 | 1.32 | 1.95 | 2.02 | 1.96 | 1.82 |
| P/FCF | 199.05 | 59.51 | 15.66 | 13.71 | — | — | — | 33.37 | 32.38 | 18.55 | 11.29 |
| P/OCF | 43.87 | 13.12 | 10.52 | 10.02 | — | — | 102.86 | 24.36 | 24.57 | 18.06 | 10.60 |
P/E links to full P/E history page with 30-year chart
GHM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Graham Corporation's enterprise value stands at 49.8x EBITDA, 170% above its 5-year average of 18.5x. The Industrials sector median is 13.8x, placing the stock at a 262% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.45 | 1.55 | 0.90 | 0.76 | 0.85 | 1.05 | 1.94 | 2.18 | 2.01 | 1.94 |
| EV / EBITDA | 49.80 | 14.40 | 23.20 | 19.55 | — | 16.67 | 36.19 | — | — | 20.50 | 16.03 |
| EV / EBIT | 69.26 | 20.03 | 41.41 | 113.18 | — | 25.14 | 40.80 | — | — | 26.14 | 20.01 |
| EV / FCF | — | 56.76 | 15.17 | 13.92 | — | — | — | 30.79 | 26.13 | 15.30 | 9.94 |
GHM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Graham Corporation earns an operating margin of 7.2%, above the Industrials sector average of 4.9%. Operating margins have expanded from 0.8% to 7.2% over the past 3 years, signaling improving operational efficiency. ROE of 10.9% is modest. ROIC of 11.3% represents solid returns on invested capital versus a sector median of 6.3%.
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 | 25.2% | 25.2% | 21.9% | 16.2% | 7.4% | 21.0% | 20.0% | 23.9% | 22.4% | 24.1% | 25.8% |
| Operating Margin | 7.2% | 7.2% | 3.7% | 0.8% | -9.2% | 3.1% | 0.7% | -2.6% | -17.3% | 7.3% | 9.4% |
| Net Profit Margin | 5.8% | 5.8% | 2.5% | 0.2% | -7.1% | 2.4% | 2.1% | -0.3% | -12.7% | 5.5% | 6.8% |
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 | 10.9% | 10.9% | 4.5% | 0.4% | -9.0% | 2.4% | 1.9% | -0.3% | -9.1% | 4.5% | 5.4% |
| ROA | 4.9% | 4.9% | 2.1% | 0.2% | -5.3% | 1.6% | 1.2% | -0.2% | -6.7% | 3.4% | 4.1% |
| ROIC | 11.3% | 11.3% | 5.3% | 0.9% | -11.6% | 4.4% | 0.7% | -2.5% | -14.6% | 6.2% | 7.3% |
| ROCE | 12.5% | 12.5% | 5.9% | 1.0% | -10.1% | 3.0% | 0.7% | -2.3% | -11.9% | 5.7% | 7.1% |
GHM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Graham Corporation carries a Debt/EBITDA ratio of 0.3x, which is very conservative (90% below the sector average of 3.2x). The company holds a net cash position — cash of $22M exceeds total debt of $7M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.07 | 0.21 | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 0.32 | 0.32 | 0.63 | 2.82 | — | 0.03 | 0.13 | — | — | 0.03 | 0.02 |
| Net Debt / Equity | — | -0.12 | -0.09 | 0.02 | 0.13 | -0.61 | -0.34 | -0.15 | -0.39 | -0.34 | -0.22 |
| Net Debt / EBITDA | -0.70 | -0.70 | -0.74 | 0.29 | — | -12.02 | -12.45 | — | — | -4.36 | -2.19 |
| Debt / FCF | — | -2.75 | -0.49 | 0.21 | — | — | — | -2.57 | -6.24 | -3.25 | -1.36 |
| Interest Coverage | — | — | 27.91 | 1.17 | -25.21 | 272.55 | 54.33 | -201.50 | -1120.67 | 667.30 | 847.90 |
Net cash position: cash ($22M) exceeds total debt ($7M)
GHM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.04x means Graham Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.28x to 1.04x 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 | 1.04 | 1.04 | 1.07 | 1.28 | 1.47 | 2.76 | 2.57 | 2.46 | 3.09 | 3.46 | 3.68 |
| Quick Ratio | 0.74 | 0.74 | 0.79 | 0.97 | 1.17 | 2.36 | 2.12 | 2.01 | 2.78 | 3.17 | 3.29 |
| Cash Ratio | 0.16 | 0.16 | 0.14 | 0.21 | 0.25 | 1.49 | 1.48 | 1.42 | 2.05 | 2.29 | 2.33 |
| Asset Turnover | — | 0.79 | 0.79 | 0.77 | 0.67 | 0.68 | 0.61 | 0.59 | 0.54 | 0.61 | 0.63 |
| Inventory Turnover | 3.92 | 3.92 | 4.34 | 5.01 | 6.53 | 4.44 | 3.25 | 2.83 | 5.21 | 7.53 | 6.18 |
| Days Sales Outstanding | — | 131.33 | 142.46 | 147.94 | 159.52 | 139.92 | 122.78 | 104.05 | 125.14 | 108.68 | 106.35 |
GHM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Graham Corporation returns 0.1% to shareholders annually primarily through share buybacks. The earnings yield of 1.1% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 4.3% | 3.1% | 3.3% | 2.0% | 1.7% | 1.6% | 1.7% |
| Payout Ratio | — | — | — | — | — | 185.0% | 227.0% | — | — | 69.5% | 53.8% |
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 | 1.1% | 3.9% | 1.5% | — | — | 1.7% | 1.5% | — | — | 2.3% | 3.1% |
| FCF Yield | 0.5% | 1.7% | 6.4% | 7.3% | — | — | — | 3.0% | 3.1% | 5.4% | 8.9% |
| Buyback Yield | 0.1% | 0.3% | 0.0% | 0.0% | 0.1% | 0.0% | 0.2% | 0.1% | 0.1% | 0.0% | 4.7% |
| Total Shareholder Yield | 0.1% | 0.3% | 0.0% | 0.0% | 4.4% | 3.1% | 3.5% | 2.1% | 1.7% | 1.6% | 6.4% |
| Shares Outstanding | — | $11M | $11M | $11M | $11M | $10M | $10M | $10M | $10M | $10M | $10M |
Peer Comparison
Compare GHM 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 |
|---|---|---|---|---|---|---|---|---|---|
 GHMYou | $1B | 87.5 | 49.8 | 199.1 | 25.2% | 7.2% | 10.9% | 11.3% | 0.3 |
 GTLS | $10B | 628.5 | 14.3 | 48.9 | 29.2% | 15.2% | 1.3% | 7.4% | 4.0 |
 FWRD | $547M | -5.0 | 13.8 | 35.8 | 20.5% | 1.5% | -48.2% | 1.2% | 11.4 |
 CECO | $3B | 59.4 | 38.0 | — | 32.7% | 6.7% | 17.4% | 10.0% | 0.3 |
 PRIM | $6B | 21.5 | 13.0 | 17.2 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 ESAB | $6B | 27.5 | 13.0 | 29.2 | 35.5% | 17.3% | 11.3% | 11.9% | 2.5 |
 NFBK | $588M | 19.5 | 24.2 | 19.6 | 49.1% | 16.1% | 4.3% | 2.0% | 15.6 |
 BWXT | $19B | 58.4 | 47.9 | 65.1 | 22.9% | 10.1% | 28.5% | 10.1% | 4.7 |
 HLIO | $2B | 46.9 | 17.7 | 21.7 | 32.3% | 7.9% | 5.4% | 4.4% | 0.9 |
 MTRN | $4B | 53.4 | 24.7 | 79.5 | 16.7% | 6.5% | 8.3% | 6.0% | 3.2 |
 LMT | $118B | 23.8 | 16.1 | 17.1 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonGHM — Frequently Asked Questions
Quick answers to the most common questions about buying GHM stock.
What is Graham Corporation's P/E ratio?
Graham Corporation's current P/E ratio is 87.5x. The historical average is 33.8x. This places it at the 95th percentile of its historical range.
What is Graham Corporation's EV/EBITDA?
Graham Corporation's current EV/EBITDA is 49.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.3x.
What is Graham Corporation's ROE?
Graham Corporation's return on equity (ROE) is 10.9%. The historical average is 8.6%.
Is GHM stock overvalued?
Based on historical data, Graham Corporation is trading at a P/E of 87.5x. This is at the 95th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Graham Corporation's profit margins?
Graham Corporation has 25.2% gross margin and 7.2% operating margin.
How much debt does Graham Corporation have?
Graham Corporation's Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.