Latest Ratios: P/E Ratio 80.1x · EV/EBITDA 30.9x · ROE 5.8%. (2012–2025 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 | $3.4B | $1.9B | $1.8B | $1.6B | $1.5B | $2.2B | $1.7B | $2.0B | $1.2B | $1.3B | $1.5B |
| Enterprise Value | $3.5B | $2.0B | $1.9B | $1.8B | $1.5B | $2.2B | $1.8B | $2.1B | $1.3B | $1.4B | $1.7B |
| P/E Ratio → | 80.10 | 42.86 | — | 22.67 | — | 14.69 | 590.71 | 39.91 | 17.99 | 19.55 | — |
| P/S Ratio | 5.77 | 3.15 | 3.24 | 3.59 | 3.14 | 2.55 | 2.24 | 2.31 | 1.47 | 1.78 | 1.97 |
| P/B Ratio | 4.51 | 2.41 | 2.38 | 1.59 | 1.52 | 1.52 | 1.31 | 1.53 | 1.00 | 1.17 | 1.48 |
| P/FCF | 41.82 | 22.84 | 15.41 | 15.55 | 27.78 | 16.56 | 17.79 | 23.90 | 65.97 | 32.12 | 21.66 |
| P/OCF | 30.05 | 16.41 | 13.80 | 13.37 | 17.45 | 12.14 | 13.36 | 15.95 | 12.32 | 14.28 | 13.86 |
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 | — | 3.32 | 3.39 | 4.03 | 3.18 | 2.59 | 2.31 | 2.45 | 1.59 | 1.91 | 2.30 |
| EV / EBITDA | 30.89 | 17.25 | 19.92 | 24.34 | 10.52 | 12.42 | 16.28 | 14.73 | 9.91 | 11.36 | 13.93 |
| EV / EBIT | 45.32 | 26.83 | 34.28 | 41.16 | 16.62 | 18.86 | 62.19 | 25.71 | 16.87 | 35.74 | 36.28 |
| EV / FCF | — | 24.02 | 16.13 | 17.44 | 28.08 | 16.81 | 18.36 | 25.37 | 71.24 | 34.44 | 25.26 |
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 | 41.2% | 41.2% | 40.0% | 43.8% | 47.4% | 39.3% | 33.9% | 37.9% | 38.3% | 38.2% | 37.0% |
| Operating Margin | 13.1% | 13.1% | 10.2% | 10.8% | 19.0% | 13.6% | 6.3% | 10.3% | 9.7% | 9.6% | 7.4% |
| Net Profit Margin | 7.5% | 7.5% | -43.3% | 15.8% | -89.8% | 17.3% | 0.9% | 5.7% | 8.0% | 0.8% | -2.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.8% | 5.8% | -26.8% | 7.1% | -35.1% | 10.9% | 0.5% | 3.9% | 5.6% | 0.6% | -1.7% |
| ROA | 4.1% | 4.1% | -18.6% | 5.5% | -29.5% | 8.9% | 0.4% | 3.1% | 4.3% | 0.4% | -1.0% |
| ROIC | 6.8% | 6.8% | 4.1% | 3.3% | 5.4% | 6.2% | 2.6% | 4.9% | 4.7% | 4.3% | 3.2% |
| ROCE | 8.3% | 8.3% | 5.1% | 4.1% | 6.9% | 8.1% | 3.3% | 6.1% | 5.7% | 5.2% | 3.9% |
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 | 0.19 | 0.19 | 0.28 | 0.28 | 0.06 | 0.07 | 0.16 | 0.16 | 0.14 | 0.18 | 0.31 |
| Debt / EBITDA | 1.32 | 1.32 | 2.26 | 3.79 | 0.45 | 0.57 | 1.86 | 1.41 | 1.29 | 1.66 | 2.51 |
| Net Debt / Equity | — | 0.12 | 0.11 | 0.19 | 0.02 | 0.02 | 0.04 | 0.09 | 0.08 | 0.08 | 0.25 |
| Net Debt / EBITDA | 0.84 | 0.84 | 0.88 | 2.64 | 0.11 | 0.19 | 0.50 | 0.86 | 0.73 | 0.76 | 1.98 |
| Debt / FCF | — | 1.17 | 0.71 | 1.89 | 0.30 | 0.25 | 0.56 | 1.48 | 5.28 | 2.32 | 3.60 |
| Interest Coverage | 7.88 | 7.88 | 2.73 | 6.04 | 21.30 | 8.26 | 1.66 | 5.33 | 4.68 | 1.95 | 2.42 |
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 | 2.75 | 2.75 | 1.83 | 2.61 | 3.66 | 2.29 | 1.41 | 2.56 | 2.57 | 2.60 | 2.22 |
| Quick Ratio | 1.58 | 1.58 | 1.23 | 1.83 | 1.95 | 1.37 | 0.97 | 1.63 | 1.59 | 1.78 | 1.49 |
| Cash Ratio | 0.51 | 0.51 | 0.66 | 0.53 | 0.49 | 0.41 | 0.50 | 0.52 | 0.52 | 0.74 | 0.44 |
| Asset Turnover | — | 0.56 | 0.49 | 0.31 | 0.40 | 0.50 | 0.46 | 0.52 | 0.53 | 0.48 | 0.50 |
| Inventory Turnover | 2.80 | 2.80 | 2.82 | 2.02 | 1.49 | 3.44 | 3.88 | 3.75 | 3.64 | 3.66 | 4.40 |
| Days Sales Outstanding | — | 63.25 | 69.24 | 72.47 | 102.68 | 61.64 | 62.75 | 68.15 | 61.93 | 67.54 | 70.08 |
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 | 0.2% | 0.3% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 2.3% | — | 4.4% | — | 6.8% | 0.2% | 2.5% | 5.6% | 5.1% | — |
| FCF Yield | 2.4% | 4.4% | 6.5% | 6.4% | 3.6% | 6.0% | 5.6% | 4.2% | 1.5% | 3.1% | 4.6% |
| Buyback Yield | 1.9% | 3.5% | 3.0% | 2.9% | 2.9% | 2.0% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.1% | 3.8% | 3.0% | 2.9% | 2.9% | 2.0% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $87M | $90M | $92M | $92M | $95M | $93M | $93M | $91M | $90M | $89M |
Consumer electronics demand volatility
According to current market data, Knowles trades at a forward P/E of 30.99, which appears to price in a significant earnings recovery and successful integration of recent acquisitions, despite the historical volatility in its core audio segment that has historically depressed valuation multiples relative to broader industrial peers.
The elevated P/E ratio suggests that investors are looking past the cyclicality of the audio business, betting instead on the higher-margin potential of the Precision Devices segment. However, this valuation implies a high growth expectation that may be difficult to sustain if the consumer electronics market remains sluggish.
Based on reported financial figures, Knowles has struggled to generate consistent returns, with ROIC hovering at a modest 1.0% to 2.3% range over recent quarters, indicating that the company is currently failing to exceed its cost of capital while undergoing its structural business transformation.
The low ROIC suggests that the company's heavy investment in specialized manufacturing and recent inorganic growth efforts have yet to yield meaningful returns on invested capital. Investors should monitor whether the shift toward the Precision Devices segment can eventually drive a sustainable expansion in these return metrics.
As reported in recent quarterly filings, Knowles' cash conversion cycle has remained elevated, peaking at 243 days in 2024Q2, which highlights significant challenges in managing inventory levels and receivables compared to more efficient industrial component manufacturers operating in similar high-tech niches.
The extended DIO and DSO figures suggest that the company may be carrying excess inventory or facing pressure from customers to extend payment terms. This inefficiency ties up capital that could otherwise be deployed for R&D or debt reduction, further complicating the company's cash flow profile.
According to recent balance sheet disclosures, Knowles maintains a disciplined debt-to-equity ratio of 0.19, which provides a robust financial cushion that allows the firm to navigate cyclical downturns in the smartphone market without the immediate threat of liquidity constraints or excessive interest expense burdens.
This low leverage profile is a key defensive feature, particularly given the volatility in operating income. It grants management the flexibility to pursue further strategic acquisitions or share buybacks, provided they can improve the underlying profitability of the acquired assets.
Investors frequently misapply standard P/E multiples to Knowles, failing to account for the significant non-recurring charges and accounting distortions that frequently obscure the company's true underlying earning power, thereby leading to an inaccurate assessment of its valuation relative to more stable industrial peers.
Because Knowles is in the midst of a multi-year pivot, trailing earnings are often heavily impacted by restructuring costs and acquisition-related expenses. Analysts should instead focus on normalized EBITDA or cash flow metrics to better gauge the company's operational health and true valuation.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying KN stock.
Knowles Corporation's current P/E ratio is 80.1x. The historical average is 26.3x. This places it at the 100th percentile of its historical range.
Knowles Corporation's current EV/EBITDA is 30.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.1x.
Knowles Corporation's return on equity (ROE) is 5.8%. The historical average is -3.0%.
Based on historical data, Knowles Corporation is trading at a P/E of 80.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Knowles Corporation's current dividend yield is 0.18%.
Knowles Corporation has 41.2% gross margin and 13.1% operating margin. Operating margin between 10-20% is typical for established companies.
Knowles Corporation's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.