Latest Ratios: P/E Ratio 25.6x · EV/EBITDA 10.6x · ROE 4.2%. (2008–2025 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 | $75.8B | $79.1B | $60.1B | $49.2B | $48.9B | $86.1B | $60.0B | $52.7B | $47.9B | $61.2B | $54.7B |
| Enterprise Value | $185.1B | $188.5B | $171.0B | $153.0B | $145.4B | $176.4B | $150.9B | $137.9B | $132.0B | $139.9B | $117.2B |
| P/E Ratio → | 25.62 | 24.87 | 8.36 | 4.91 | 5.49 | 8.75 | 9.62 | 8.01 | 5.97 | — | 5.81 |
| P/S Ratio | 0.41 | 0.43 | 0.32 | 0.29 | 0.31 | 0.68 | 0.49 | 0.38 | 0.33 | 0.42 | 0.37 |
| P/B Ratio | 1.29 | 1.25 | 0.92 | 0.72 | 0.68 | 1.31 | 1.21 | 1.15 | 1.12 | 1.69 | 1.24 |
| P/FCF | 6.84 | 7.15 | — | — | — | — | — | — | — | — | — |
| P/OCF | 2.82 | 2.95 | 2.99 | 2.35 | 3.05 | 5.67 | 3.60 | 3.51 | 3.14 | 3.53 | 3.29 |
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 | — | 1.02 | 0.91 | 0.89 | 0.93 | 1.39 | 1.23 | 1.01 | 0.90 | 0.96 | 0.79 |
| EV / EBITDA | 10.58 | 10.77 | 6.79 | 7.22 | 6.73 | 8.25 | 7.76 | 7.56 | 7.11 | 6.65 | 5.84 |
| EV / EBIT | 63.63 | 49.03 | 18.26 | 13.52 | 11.56 | 12.91 | 22.75 | 33.47 | 27.02 | 15.94 | 11.43 |
| EV / FCF | — | 17.02 | — | — | — | — | — | — | — | — | — |
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 | 10.9% | 10.9% | 17.4% | 16.9% | 19.6% | 20.3% | 16.2% | 14.1% | 14.9% | 17.5% | 18.0% |
| Operating Margin | 1.6% | 1.6% | 6.8% | 5.4% | 6.6% | 7.3% | 5.4% | 3.0% | 3.3% | 6.0% | 6.9% |
| Net Profit Margin | 1.5% | 1.5% | 3.2% | 5.9% | 6.3% | 7.9% | 5.2% | 4.9% | 5.5% | 0.0% | 6.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.2% | 4.2% | 9.0% | 14.4% | 14.4% | 17.4% | 13.4% | 15.2% | 20.5% | 0.1% | 22.3% |
| ROA | 1.0% | 1.0% | 2.2% | 3.8% | 3.9% | 4.2% | 2.8% | 3.0% | 3.7% | 0.0% | 4.5% |
| ROIC | 1.3% | 1.3% | 5.5% | 4.1% | 4.8% | 4.7% | 3.7% | 2.4% | 3.0% | 6.0% | 7.9% |
| ROCE | 1.6% | 1.6% | 7.1% | 5.3% | 6.0% | 5.7% | 4.4% | 2.9% | 3.5% | 6.4% | 7.9% |
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 | 2.06 | 2.06 | 1.99 | 1.80 | 1.60 | 1.68 | 2.23 | 2.27 | 2.45 | 2.60 | 1.70 |
| Debt / EBITDA | 7.45 | 7.45 | 5.19 | 5.79 | 5.35 | 5.16 | 5.70 | 5.72 | 5.66 | 4.48 | 3.74 |
| Net Debt / Equity | — | 1.73 | 1.69 | 1.52 | 1.34 | 1.37 | 1.83 | 1.86 | 1.97 | 2.17 | 1.42 |
| Net Debt / EBITDA | 6.25 | 6.25 | 4.40 | 4.90 | 4.47 | 4.23 | 4.67 | 4.67 | 4.53 | 3.74 | 3.11 |
| Debt / FCF | — | 9.87 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 5.29 | 5.29 | 11.07 | 12.42 | 12.75 | 14.39 | 6.04 | 5.27 | 7.46 | 15.26 | 18.23 |
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 | 1.17 | 1.17 | 1.13 | 1.08 | 1.10 | 1.10 | 1.01 | 0.88 | 0.92 | 0.89 | 0.89 |
| Quick Ratio | 1.01 | 1.01 | 0.98 | 0.90 | 0.93 | 0.93 | 0.88 | 0.76 | 0.80 | 0.76 | 0.73 |
| Cash Ratio | 0.30 | 0.30 | 0.28 | 0.28 | 0.34 | 0.39 | 0.36 | 0.27 | 0.33 | 0.31 | 0.29 |
| Asset Turnover | — | 0.66 | 0.67 | 0.63 | 0.59 | 0.52 | 0.52 | 0.60 | 0.65 | 0.69 | 0.67 |
| Inventory Turnover | 11.40 | 11.40 | 10.63 | 8.68 | 8.20 | 7.79 | 10.03 | 11.33 | 12.75 | 11.26 | 8.87 |
| Days Sales Outstanding | — | 25.75 | 24.98 | 109.29 | 109.35 | 97.84 | 102.05 | 88.83 | 82.90 | 71.92 | 21.29 |
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 | 0.8% | 0.8% | 1.1% | 1.2% | 0.8% | 0.2% | 1.1% | 4.5% | 4.7% | 3.7% | 4.3% |
| Payout Ratio | 24.4% | 24.4% | 10.9% | 5.9% | 4.0% | 1.9% | 10.4% | 34.9% | 27.7% | 6202.8% | 25.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 4.0% | 12.0% | 20.4% | 18.2% | 11.4% | 10.4% | 12.5% | 16.7% | — | 17.2% |
| FCF Yield | 14.6% | 14.0% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 8.0% | 7.6% | 11.7% | 22.6% | 5.1% | 0.0% | 0.1% | 0.0% | 0.4% | 7.3% | 4.6% |
| Total Shareholder Yield | 8.8% | 8.5% | 12.8% | 23.8% | 5.9% | 0.2% | 1.3% | 4.5% | 5.1% | 11.0% | 8.9% |
| Shares Outstanding | — | $973M | $1.1B | $1.4B | $1.5B | $1.5B | $1.4B | $1.4B | $1.4B | $1.5B | $1.6B |
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying GM stock.
General Motors Company's current P/E ratio is 25.6x. The historical average is 10.2x. This places it at the 100th percentile of its historical range.
General Motors Company's current EV/EBITDA is 10.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.5x.
General Motors Company's return on equity (ROE) is 4.2%. The historical average is 42.2%.
Based on historical data, General Motors Company is trading at a P/E of 25.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
General Motors Company's current dividend yield is 0.81% with a payout ratio of 24.4%.
General Motors Company has 10.9% gross margin and 1.6% operating margin.
General Motors Company's Debt/EBITDA ratio is 7.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Margin compression and debt spike
Metrics are mathematically derived from official filings.
Margin Compression Signals Structural Pressures
According to recent SEC filings, GM's gross margin fell from 13.7% in 2024Q1 to 7.6% in 2026Q2, with operating margin dropping to 3.0%, indicating persistent cost and pricing challenges.
The sequential deterioration in gross margin from 11.5% in 2026Q1 to 7.6% in 2026Q2, alongside a negative gross margin in 2025Q4, suggests that pricing power is eroding and cost pressures are intensifying. Operating margin at 3.0% in 2026Q2 is well below the 8.7% seen in 2024Q1, implying that GM's earnings power has weakened significantly. This trend appears structural rather than purely cyclical, as even the recent positive quarters show margins below historical norms.
Return on Capital Decays Amid Volatility
Based on reported figures, GM's ROIC has fallen from 1.6% in 2024Q1 to 0.9% in 2026Q2, with a negative print in 2025Q4, indicating that capital efficiency is deteriorating.
ROIC has been consistently below 2% for the past ten quarters, with a notable negative reading of -1.6% in 2025Q4. This suggests that GM is not generating adequate returns on its substantial invested capital base, which includes heavy PP&E and goodwill. The low and volatile ROIC, combined with a declining ROE from 4.3% to 2.0%, implies that the company is not compounding returns but rather experiencing capital erosion, likely due to margin compression and asset-heavy operations.
Working Capital Efficiency Shows Mixed Signals
As reported in financial statements, GM's cash conversion cycle improved to 6 days in 2026Q2 from 84 days in 2024Q1, driven by a sharp drop in DSO to 31 days, but DPO also declined.
The dramatic reduction in DSO from 113 days in 2024Q1 to 31 days in 2026Q2 suggests a significant improvement in receivables collection, possibly due to changes in sales mix or financing arrangements. However, DPO also fell from 71 to 58 days, indicating that GM is paying suppliers faster, which may reflect a shift in supplier terms or a strategic decision to strengthen relationships. The resulting CCC of 6 days is a positive sign for working capital efficiency, but the volatility in DSO (ranging from 30 to 116 days) warrants monitoring, as it may indicate inconsistent collection practices.
Debt Spike Raises Leverage Concerns
According to recent SEC filings, GM's debt-to-equity jumped from 0.58 in 2026Q2 to 1.97 in 2026Q1, with D/EBITDA spiking to 30.01, indicating a significant increase in leverage.
The sharp increase in total debt from $37.0B to $127.8B between 2026Q2 and 2026Q1 appears to be a reclassification rather than new borrowing, as the balance sheet data suggests. Nevertheless, the reported D/E of 1.97 and D/EBITDA of 30.01 in 2026Q1 are elevated, though they moderate to 0.58 and 13.27 in 2026Q2. Interest coverage remains adequate at 12.9x in 2026Q2, but the negative coverage in 2025Q4 highlights vulnerability during loss-making quarters. Investors should monitor whether the debt reclassification reflects a true change in financial risk or merely accounting presentation.
Liquidity Buffer Remains Modest
Based on reported figures, GM's current ratio improved to 1.14 in 2026Q2 from 1.13 in 2024Q4, with quick ratio at 0.97, indicating a thin but stable liquidity position.
The current ratio has hovered around 1.1-1.2 over the past ten quarters, suggesting that GM has just enough short-term assets to cover its current liabilities. The quick ratio, which excludes inventory, is below 1.0 in several quarters, implying that inventory is a significant component of current assets. Under severe stress, such as a prolonged downturn, this thin liquidity buffer could be strained, especially given the volatility in operating cash flow. However, the presence of $20.1B in cash provides some cushion, though it is not excessive relative to the company's scale.
Misapplied P/E Obscures Cyclical Earnings
The most commonly misapplied ratio for GM is the trailing P/E of 26.9, which is distorted by one-time charges and cyclical trough earnings, obscuring the company's normalized earning power.
The trailing P/E of 26.9 appears expensive, but it is based on depressed earnings that include significant non-recurring items, such as the -$3.3B net loss in 2025Q4. In contrast, the forward P/E of 6.58 suggests the market expects a sharp earnings recovery, which may be overly optimistic given the persistent margin compression. A more appropriate metric would be EV/EBITDA, which at 10.8x on a trailing basis and 7.2x forward, better captures the company's operating performance and is less distorted by non-cash charges. Investors should focus on normalized earnings power and cash flow metrics rather than trailing P/E to assess GM's true valuation.