Latest Ratios: P/E Ratio 17.7x · EV/EBITDA 10.9x · ROE 15.2%. (2015–2025 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 | $467M | $221M | $235M | $246M | $173M | $200M | $240M | $262M | $322M | $352M | — |
| Enterprise Value | $462M | $216M | $284M | $329M | $336M | $296M | $336M | $319M | $362M | $392M | — |
| P/E Ratio → | 17.73 | 8.44 | 7.65 | 9.72 | 6.85 | 9.39 | 5.20 | — | 14.75 | 22.15 | — |
| P/S Ratio | 0.77 | 0.36 | 0.36 | 0.39 | 0.27 | 0.30 | 0.40 | 0.43 | 0.43 | 0.47 | — |
| P/B Ratio | 2.54 | 1.21 | 1.42 | 1.67 | 1.39 | 1.96 | 3.00 | 7.23 | 4.92 | 7.58 | — |
| P/FCF | 42.31 | 20.05 | 3.78 | 2.89 | — | 33.27 | — | 4946.54 | 85.95 | 13.49 | — |
| P/OCF | 33.80 | 16.02 | 3.59 | 2.77 | — | 11.20 | — | 62.79 | 27.24 | 10.51 | — |
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 | — | 0.36 | 0.43 | 0.53 | 0.52 | 0.45 | 0.56 | 0.52 | 0.49 | 0.53 | — |
| EV / EBITDA | 10.87 | 5.08 | 5.91 | 8.33 | 7.69 | 8.11 | 8.13 | 10.34 | 9.90 | 8.96 | — |
| EV / EBIT | 12.62 | 5.96 | 8.34 | 9.47 | 9.08 | 9.30 | 9.41 | 11.73 | 10.85 | 10.36 | — |
| EV / FCF | — | 19.56 | 4.56 | 3.86 | — | 49.18 | — | 6009.84 | 96.69 | 15.04 | — |
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 | 25.7% | 25.7% | 26.0% | 23.0% | 20.1% | 20.7% | 23.0% | 21.0% | 25.4% | 26.2% | 26.0% |
| Operating Margin | 6.0% | 6.0% | 6.6% | 5.6% | 6.1% | 4.8% | 6.2% | 4.4% | 4.3% | 5.1% | 5.8% |
| Net Profit Margin | 4.4% | 4.4% | 4.7% | 4.0% | 3.9% | 3.2% | 7.7% | -2.2% | 2.9% | 2.4% | 3.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.2% | 15.2% | 19.6% | 18.6% | 22.3% | 23.4% | 79.5% | -26.6% | 39.0% | 32.1% | 35.4% |
| ROA | 6.5% | 6.5% | 7.7% | 6.5% | 6.6% | 5.5% | 13.6% | -4.4% | 6.6% | 5.6% | 8.4% |
| ROIC | 14.0% | 14.0% | 14.6% | 10.2% | 12.0% | 12.6% | 20.9% | 20.3% | 25.2% | 31.9% | 30.0% |
| ROCE | 13.7% | 13.7% | 17.1% | 13.2% | 15.3% | 15.4% | 26.8% | 25.4% | 29.5% | 35.3% | 30.9% |
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 | 0.23 | 0.23 | 0.57 | 0.67 | 1.31 | 0.95 | 1.23 | 1.61 | 0.71 | 1.11 | 0.59 |
| Debt / EBITDA | 0.99 | 0.99 | 1.96 | 2.49 | 3.75 | 2.66 | 2.38 | 1.90 | 1.27 | 1.17 | 0.78 |
| Net Debt / Equity | — | -0.03 | 0.29 | 0.56 | 1.31 | 0.94 | 1.20 | 1.55 | 0.62 | 0.87 | 0.42 |
| Net Debt / EBITDA | -0.13 | -0.13 | 1.01 | 2.10 | 3.72 | 2.63 | 2.32 | 1.83 | 1.10 | 0.92 | 0.55 |
| Debt / FCF | — | -0.49 | 0.78 | 0.97 | — | 15.92 | — | 1063.30 | 10.74 | 1.55 | 0.48 |
| Interest Coverage | 64.76 | 64.76 | 55.45 | 11.57 | 8.07 | 11.15 | 17.88 | 9.13 | 11.45 | 24.07 | 31.57 |
Net cash position: cash ($47M) exceeds total debt ($42M)
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 | 2.47 | 2.47 | 1.97 | 2.05 | 2.80 | 1.94 | 1.69 | 1.18 | 1.34 | 1.16 | 1.33 |
| Quick Ratio | 1.39 | 1.39 | 1.16 | 1.15 | 1.27 | 0.82 | 0.82 | 0.63 | 0.65 | 0.58 | 0.65 |
| Cash Ratio | 0.38 | 0.38 | 0.30 | 0.11 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.05 | 0.06 |
| Asset Turnover | — | 1.53 | 1.58 | 1.63 | 1.65 | 1.72 | 1.54 | 2.12 | 2.25 | 2.27 | 2.40 |
| Inventory Turnover | 3.37 | 3.37 | 3.88 | 3.81 | 3.28 | 2.85 | 2.67 | 4.40 | 3.83 | 4.06 | 4.30 |
| Days Sales Outstanding | — | 66.48 | 65.27 | 79.01 | 65.57 | 66.29 | 87.54 | 64.66 | 48.31 | 56.22 | 50.96 |
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 | 1.4% | 2.9% | 2.7% | 2.5% | 3.3% | 2.7% | 2.1% | 1.9% | 1.4% | 11.1% | — |
| Payout Ratio | 24.3% | 24.3% | 20.5% | 24.1% | 22.9% | 25.7% | 10.9% | — | 21.4% | 218.7% | 160.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.6% | 11.9% | 13.1% | 10.3% | 14.6% | 10.7% | 19.2% | — | 6.8% | 4.5% | — |
| FCF Yield | 2.4% | 5.0% | 26.5% | 34.7% | — | 3.0% | — | 0.0% | 1.2% | 7.4% | — |
| Buyback Yield | 1.9% | 4.1% | 6.0% | 1.3% | 1.7% | 0.0% | 0.0% | 2.3% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 3.3% | 7.0% | 8.7% | 3.7% | 5.1% | 2.7% | 2.1% | 4.1% | 1.4% | 11.1% | — |
| Shares Outstanding | — | $13M | $14M | $14M | $14M | $14M | $14M | $14M | $14M | $14M | $14M |
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying HBB stock.
Hamilton Beach Brands Holding Company's current P/E ratio is 17.7x. The historical average is 10.5x. This places it at the 88th percentile of its historical range.
Hamilton Beach Brands Holding Company's current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
Hamilton Beach Brands Holding Company's return on equity (ROE) is 15.2%. The historical average is 25.6%.
Based on historical data, Hamilton Beach Brands Holding Company is trading at a P/E of 17.7x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Hamilton Beach Brands Holding Company's current dividend yield is 1.38% with a payout ratio of 24.3%.
Hamilton Beach Brands Holding Company has 25.7% gross margin and 6.0% operating margin.
Hamilton Beach Brands Holding Company's Debt/EBITDA ratio is 1.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Margin Sustainability Concerns
Metrics are mathematically derived from official filings.
Premium Valuation Amidst Margin Uncertainty
HBB trades at a P/E of 16.23 and EV/EBITDA of 9.93, which appear moderate, but the Forward P/E of 19.77 implies anticipated earnings growth that may not materialize given the volatile margin trend, according to current market multiples.
The valuation multiples suggest the market is pricing in sustained profitability, yet the significant variance in quarterly margins, from negative to 54.3%, introduces risk. Compared to peers like SPB with P/E 22.32, HBB's valuation seems reasonable, but the lack of PEG ratio complicates growth-adjusted analysis.
Gross Margin Spike Challenges Sustainability
As reported in HBB's financial statements, gross margin surged to 54.3% in 2026Q2, nearly double the five-quarter average of 28.1%, indicating a potential structural shift or non-recurring benefit that warrants scrutiny.
The expansion to a 30.3% operating margin demonstrates strong operating leverage, but the sustainability is questionable given historical volatility. Net margin of 23.6% is impressive, yet investors should monitor if this level can be maintained without cost normalization.
Volatile ROIC Reflects Operational Inflection
ROIC reached 16.9% in 2026Q2, a sharp increase from 2.1% in the prior quarter, suggesting improved capital efficiency driven by the margin expansion, based on HBB's quarterly data.
This volatility indicates that returns are highly sensitive to sales and margin fluctuations rather than steady asset turnover. The ROE of 16.8% aligns with ROIC, but the low asset turnover of 0.37 suggests efficiency gains are not the primary driver.
Liquidity Surges on Cash Accumulation
According to recent SEC filings, HBB's current ratio improved to 3.13 and quick ratio to 2.04 in 2026Q2, supported by a cash position of $101.5M, providing a substantial buffer against short-term obligations.
This liquidity strength contrasts with earlier quarters where ratios were below 2.0, indicating a strategic shift towards cash hoarding. However, the increase in inventory days to 171 may signal inefficiency that could tie up liquidity under stress.
Debt Rebound Amidst Improved Coverage
As disclosed in financial statements, HBB's debt rose to $89.6M in 2026Q2 from $40.7M in 2026Q1, but the D/E ratio remains moderate at 0.41, and interest coverage is strong at 62.49 based on 2026Q1 figures.
The recent borrowing reverses a deleveraging trend, yet coverage ratios are healthy due to earnings improvement. Investors should monitor if this debt is used for growth or to fund operations, as leverage could increase if margins revert.
The Peril of Unadjusted Gross Margin
The 54.3% gross margin in 2026Q2 is often misapplied as a sustainable benchmark, but it obscures the impact of seasonal product mix and potential one-time adjustments, as evidenced by historical volatility.
A more reliable metric is operating margin, which, while also elevated at 30.3%, better reflects ongoing operational performance. Analysts should adjust for non-recurring items and compare against peer averages to avoid overestimating earning power.