GSK plc (GSK) Financial Ratios
30 years of historical data (1996–2025) · Healthcare · Drug Manufacturers - General
EV/EBITDA
↓
8.57
↓-22% vs avg
5yr avg: 10.98
30Y Low6.1·High93.1
P/FCF
↓
13.22
+2% vs avg
5yr avg: 12.91
30Y Low8.7·High199.8
P/B Ratio
↑
2.47
↓-46% vs avg
5yr avg: 4.55
30Y Low2.5·High73.0
ROE
↑
39.4%
↓+6% vs avg
5yr avg: 37.2%
30Y Low13%·High268%
Debt/EBITDA
↓
1.66
↓-42% vs avg
5yr avg: 2.86
30Y Low0.6·High5.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GSK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
GSK plc trades at 6.9x earnings, 58% below its 5-year average of 16.5x, sitting at the 0th percentile of its historical range. Compared to the Healthcare sector median P/E of 22.1x, the stock trades at a discount of 69%. On a free-cash-flow basis, the stock trades at 13.2x P/FCF, roughly in line with the 5-year average of 12.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $101.9B | $50.5B | $70.0B | $76.2B | $71.8B | $71.5B | $74.2B | $94.3B | $76.0B | $70.1B | $75.6B |
| Enterprise Value | $120.8B | $64.8B | $83.3B | $95.4B | $89.0B | $98.4B | $102.7B | $128.5B | $98.2B | $83.4B | $89.5B |
| P/E Ratio → | 6.89 | 8.82 | 27.27 | 15.44 | 14.64 | 16.33 | 12.87 | 20.25 | 20.99 | 45.47 | 83.72 |
| P/S Ratio | 2.36 | 1.55 | 2.23 | 2.51 | 2.45 | 2.89 | 3.05 | 2.79 | 2.47 | 2.32 | 2.71 |
| P/B Ratio | 2.47 | 3.17 | 5.35 | 4.67 | 7.11 | 2.47 | 2.61 | 3.88 | 20.69 | 20.09 | 15.24 |
| P/FCF | 13.22 | 8.67 | 19.61 | 12.17 | 10.63 | 13.49 | 11.42 | 16.10 | 11.47 | 14.86 | 18.24 |
| P/OCF | 10.78 | 7.07 | 10.69 | 9.65 | 8.79 | 8.99 | 8.79 | 11.76 | 9.02 | 10.13 | 11.64 |
P/E links to full P/E history page with 30-year chart
GSK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
GSK plc's enterprise value stands at 8.6x EBITDA, 22% below its 5-year average of 11.0x. The Healthcare sector median is 14.2x, placing the stock at a 40% discount 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 | — | 1.98 | 2.66 | 3.15 | 3.04 | 3.99 | 4.22 | 3.81 | 3.19 | 2.76 | 3.21 |
| EV / EBITDA | 8.57 | 6.08 | 12.68 | 10.55 | 10.38 | 15.19 | 12.79 | 14.15 | 13.38 | 13.87 | 20.47 |
| EV / EBIT | 10.95 | 8.01 | 20.24 | 14.05 | 13.79 | 22.56 | 17.06 | 18.09 | 17.87 | 19.56 | 33.70 |
| EV / FCF | — | 11.12 | 23.33 | 15.25 | 13.18 | 18.58 | 15.81 | 21.93 | 14.82 | 17.68 | 21.59 |
GSK Profitability
Margins and return-on-capital ratios measuring operating efficiency
GSK plc earns an operating margin of 25.5%. Operating margins have expanded from 22.2% to 25.5% over the past 3 years, signaling improving operational efficiency. Return on equity of 39.4% is exceptionally high. ROIC of 22.1% represents excellent returns on invested capital.
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 | 72.4% | 72.4% | 71.2% | 71.8% | 67.4% | 66.9% | 67.4% | 64.9% | 66.8% | 65.7% | 66.7% |
| Operating Margin | 25.5% | 25.5% | 12.8% | 22.2% | 21.9% | 17.6% | 24.6% | 20.6% | 17.8% | 13.5% | 9.3% |
| Net Profit Margin | 17.5% | 17.5% | 8.2% | 16.2% | 51.0% | 17.8% | 23.6% | 13.8% | 11.8% | 5.1% | 3.3% |
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 | 39.4% | 39.4% | 17.5% | 37.3% | 76.7% | 15.3% | 21.8% | 33.2% | 101.2% | 36.3% | 13.2% |
| ROA | 9.5% | 9.5% | 3.8% | 7.3% | 17.9% | 4.0% | 5.3% | 5.7% | 6.3% | 2.7% | 1.6% |
| ROIC | 22.1% | 22.1% | 9.7% | 16.1% | 11.6% | 5.8% | 7.8% | 12.4% | 19.3% | 17.2% | 10.1% |
| ROCE | 21.5% | 21.5% | 9.3% | 15.7% | 11.4% | 5.6% | 7.8% | 12.7% | 16.8% | 11.7% | 6.5% |
GSK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
GSK plc carries a Debt/EBITDA ratio of 1.7x, which is manageable (48% below the sector average of 3.2x). Net debt stands at $14.3B ($17.7B total debt minus $3.4B cash). Interest coverage of 11.8x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.11 | 1.11 | 1.30 | 1.41 | 2.08 | 1.13 | 1.30 | 1.66 | 7.10 | 4.90 | 3.79 |
| Debt / EBITDA | 1.66 | 1.66 | 2.58 | 2.54 | 2.45 | 5.05 | 4.62 | 4.45 | 3.55 | 2.84 | 4.30 |
| Net Debt / Equity | — | 0.90 | 1.02 | 1.18 | 1.71 | 0.93 | 1.00 | 1.41 | 6.04 | 3.80 | 2.80 |
| Net Debt / EBITDA | 1.34 | 1.34 | 2.02 | 2.13 | 2.01 | 4.16 | 3.55 | 3.76 | 3.02 | 2.21 | 3.18 |
| Debt / FCF | — | 2.45 | 3.72 | 3.07 | 2.56 | 5.09 | 4.39 | 5.84 | 3.35 | 2.81 | 3.35 |
| Interest Coverage | 11.77 | 11.77 | 6.26 | 8.76 | 7.54 | 5.57 | 6.75 | 7.79 | 7.39 | 5.81 | 3.61 |
GSK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.82x is below 1.0, meaning current liabilities exceed current assets — though the company's $3.4B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.88x to 0.82x 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 | 0.82 | 0.82 | 0.78 | 0.88 | 0.91 | 0.79 | 0.91 | 0.81 | 0.75 | 0.60 | 0.88 |
| Quick Ratio | 0.54 | 0.54 | 0.52 | 0.62 | 0.68 | 0.54 | 0.64 | 0.56 | 0.51 | 0.39 | 0.61 |
| Cash Ratio | 0.16 | 0.16 | 0.17 | 0.25 | 0.35 | 0.18 | 0.29 | 0.20 | 0.18 | 0.15 | 0.26 |
| Asset Turnover | — | 0.54 | 0.53 | 0.40 | 0.49 | 0.23 | 0.22 | 0.32 | 0.53 | 0.54 | 0.47 |
| Inventory Turnover | 1.52 | 1.52 | 1.60 | 1.22 | 1.86 | 1.04 | 0.97 | 1.51 | 1.87 | 1.86 | 1.82 |
| Days Sales Outstanding | — | 86.54 | 69.79 | 113.58 | 77.40 | 160.77 | 148.82 | 102.40 | 74.87 | 68.83 | 74.48 |
GSK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
GSK plc returns 6.4% to shareholders annually primarily through dividends. A payout ratio of 43.9% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 14.5% (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 | 6.4% | 5.0% | 3.5% | 3.7% | 6.0% | 5.6% | 5.4% | 4.2% | 5.2% | 5.6% | 6.4% |
| Payout Ratio | 43.9% | 43.9% | 94.9% | 56.7% | 28.6% | 91.2% | 69.2% | 85.1% | 108.4% | 255.0% | 531.8% |
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 | 14.5% | 11.3% | 3.7% | 6.5% | 6.8% | 6.1% | 7.8% | 4.9% | 4.8% | 2.2% | 1.2% |
| FCF Yield | 7.6% | 11.5% | 5.1% | 8.2% | 9.4% | 7.4% | 8.8% | 6.2% | 8.7% | 6.7% | 5.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% |
| Total Shareholder Yield | 6.4% | 5.0% | 3.5% | 3.7% | 6.0% | 5.6% | 5.4% | 4.2% | 5.2% | 5.7% | 6.5% |
| Shares Outstanding | — | $1.0B | $2.1B | $2.1B | $2.0B | $1.6B | $2.0B | $2.0B | $2.0B | $2.0B | $2.0B |
Peer Comparison
Compare GSK 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 |
|---|---|---|---|---|---|---|---|---|---|
 GSKYou | $102B | 6.9 | 8.6 | 13.2 | 72.4% | 25.5% | 39.4% | 22.1% | 1.7 |
 AZN | $271B | 26.7 | 15.2 | 23.1 | 81.9% | 23.4% | 22.9% | 14.9% | 1.5 |
 NVS | $281B | 20.5 | 13.7 | 15.9 | 75.0% | 31.2% | 31.0% | 18.8% | 1.7 |
 SNY | $102B | 18.2 | 10.8 | 10.0 | 72.3% | 13.6% | 10.4% | 5.5% | 2.3 |
 PFE | $143B | 18.5 | 10.3 | 15.8 | 70.3% | 24.7% | 8.9% | 7.5% | 3.3 |
 MRK | $281B | 15.6 | 10.8 | 22.8 | 72.0% | 36.2% | 36.9% | 22.0% | 1.7 |
 BMY | $110B | 15.7 | 8.9 | 8.6 | 67.6% | 26.3% | 40.4% | 16.9% | 2.8 |
 LLY | $1.0T | 47.8 | 34.3 | 115.6 | 83.8% | 45.6% | 101.2% | 41.8% | 1.4 |
 ABBV | $383B | 91.4 | 15.8 | 21.5 | 70.2% | 32.8% | 6214.7% | 23.9% | 2.4 |
 JNJ | $550B | 39.4 | 19.1 | 27.7 | 69.1% | 24.9% | 20.1% | 20.7% | 1.2 |
 HLN | $40B | 18.8 | 13.5 | 15.3 | 64.8% | 22.4% | 10.0% | 7.6% | 3.1 |
| Healthcare Median | — | 22.1 | 14.2 | 18.5 | 63.9% | -4.3% | -32.6% | -11.6% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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GSK — Frequently Asked Questions
Quick answers to the most common questions about buying GSK stock.
What is GSK plc's P/E ratio?
GSK plc's current P/E ratio is 6.9x. The historical average is 27.3x.
What is GSK plc's EV/EBITDA?
GSK plc's current EV/EBITDA is 8.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.1x.
What is GSK plc's ROE?
GSK plc's return on equity (ROE) is 39.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 61.5%.
Is GSK stock overvalued?
Based on historical data, GSK plc is trading at a P/E of 6.9x. Compare with industry peers and growth rates for a complete picture.
What is GSK plc's dividend yield?
GSK plc's current dividend yield is 6.36% with a payout ratio of 43.9%.
What are GSK plc's profit margins?
GSK plc has 72.4% gross margin and 25.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does GSK plc have?
GSK plc's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.