Latest Ratios: P/E Ratio -2.6x · EV/EBITDA 7.1x · ROE -9.9%. (1996–2025 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 | $422M | $535M | $634M | $874M | $1.2B | $7.7B | $7.3B | $8.1B | $4.3B | $9.5B | $10.5B |
| Enterprise Value | $2.1B | $2.2B | $2.5B | $1.7B | $2.0B | $8.4B | $7.5B | $8.3B | $4.5B | $9.9B | $10.9B |
| P/E Ratio → | -2.65 | — | — | — | — | 1118.00 | 343.45 | — | — | 1191.11 | 487.55 |
| P/S Ratio | 0.13 | 0.17 | 0.29 | 0.63 | 0.84 | 7.12 | 7.97 | 8.71 | 4.93 | 11.90 | 13.85 |
| P/B Ratio | 0.40 | 0.50 | 0.30 | 3.40 | 3.92 | 14.24 | 12.64 | 14.53 | 7.93 | 13.44 | 16.12 |
| P/FCF | 11.72 | 14.87 | 5.29 | — | — | 188.74 | 90.38 | 107.58 | — | — | — |
| P/OCF | 4.10 | 5.20 | 3.30 | — | — | 108.87 | 67.05 | 78.54 | — | 178.98 | 339.22 |
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 | — | 0.70 | 1.13 | 1.22 | 1.33 | 7.72 | 8.21 | 8.96 | 5.24 | 12.36 | 14.27 |
| EV / EBITDA | 7.11 | 7.48 | 72.60 | 25.61 | — | 93.03 | 71.12 | 78.80 | 65.37 | 131.33 | 611.22 |
| EV / EBIT | 22.68 | — | 40.47 | — | — | 321.78 | 191.00 | — | 198.43 | 301.76 | — |
| EV / FCF | — | 62.37 | 20.57 | — | — | 204.59 | 93.02 | 110.69 | — | — | — |
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 | 9.0% | 9.0% | 10.8% | 9.4% | 10.0% | 13.3% | 16.1% | 15.9% | 15.1% | 17.9% | 17.3% |
| Operating Margin | 2.9% | 2.9% | -6.4% | 0.2% | -11.0% | 2.6% | 5.4% | 5.9% | 2.5% | 4.2% | -2.8% |
| Net Profit Margin | -5.0% | -5.0% | -7.0% | -5.7% | -13.0% | 0.6% | 2.3% | -2.3% | -20.5% | 1.0% | 2.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -9.9% | -9.9% | -12.9% | -27.5% | -45.1% | 1.2% | 3.8% | -3.9% | -28.5% | 1.2% | 3.3% |
| ROA | -4.7% | -4.7% | -7.0% | -4.9% | -11.0% | 0.4% | 1.7% | -1.6% | -11.6% | 0.5% | 1.4% |
| ROIC | 2.1% | 2.1% | -4.2% | 0.2% | -10.9% | 2.2% | 4.7% | 5.1% | 1.7% | 2.4% | -1.7% |
| ROCE | 3.3% | 3.3% | -8.0% | 0.2% | -11.7% | 2.2% | 4.7% | 5.1% | 1.8% | 2.6% | -1.8% |
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 | 1.89 | 1.89 | 0.96 | 3.37 | 2.67 | 1.45 | 0.54 | 0.65 | 0.76 | 0.68 | 0.57 |
| Debt / EBITDA | 6.72 | 6.72 | 60.71 | 13.12 | — | 8.74 | 2.96 | 3.41 | 5.93 | 6.39 | 20.97 |
| Net Debt / Equity | — | 1.61 | 0.86 | 3.17 | 2.32 | 1.20 | 0.37 | 0.42 | 0.50 | 0.52 | 0.49 |
| Net Debt / EBITDA | 5.70 | 5.70 | 53.94 | 12.36 | — | 7.21 | 2.02 | 2.22 | 3.87 | 4.85 | 17.85 |
| Debt / FCF | — | 47.50 | 15.28 | — | — | 15.85 | 2.65 | 3.11 | — | — | — |
| Interest Coverage | -0.11 | -0.11 | 20.33 | -0.10 | -5.16 | 2.11 | 5.61 | -2.31 | 1.47 | 2.46 | -2.07 |
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 | 2.37 | 2.37 | 1.62 | 2.16 | 1.89 | 1.72 | 1.94 | 2.07 | 2.02 | 1.68 | 1.53 |
| Quick Ratio | 1.58 | 1.58 | 1.15 | 1.10 | 1.03 | 0.96 | 1.10 | 1.24 | 1.27 | 1.29 | 0.76 |
| Cash Ratio | 0.51 | 0.51 | 0.42 | 0.18 | 0.31 | 0.37 | 0.43 | 0.55 | 0.61 | 0.33 | 0.17 |
| Asset Turnover | — | 0.80 | 0.78 | 0.89 | 0.91 | 0.58 | 0.71 | 0.72 | 0.65 | 0.46 | 0.50 |
| Inventory Turnover | 6.15 | 6.15 | 7.53 | 4.21 | 4.34 | 3.36 | 3.92 | 4.10 | 4.24 | 4.82 | 2.52 |
| Days Sales Outstanding | — | 59.47 | 59.92 | 45.04 | 47.89 | 57.28 | 48.91 | 48.96 | 50.46 | 50.43 | 73.36 |
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 | 100.0% | 100.0% | — | — | 1.5% | 0.3% | 0.3% | 0.3% | 0.5% | 0.2% | 0.2% |
| Payout Ratio | — | — | — | — | — | 352.6% | 110.3% | — | — | 284.1% | 100.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 0.1% | 0.3% | — | — | 0.1% | 0.2% |
| FCF Yield | 8.5% | 6.7% | 18.9% | — | — | 0.5% | 1.1% | 0.9% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 100.0% | 100.0% | 0.0% | 0.0% | 1.5% | 0.3% | 0.3% | 0.3% | 0.5% | 0.2% | 0.2% |
| Shares Outstanding | — | $36M | $35M | $35M | $34M | $35M | $34M | $34M | $34M | $34M | $34M |
Integration and margin volatility
According to current market data, Magnera trades at a forward P/E of 15.85 and a P/S of 0.14, suggesting that investors are pricing the entity based on potential synergy realization rather than current GAAP profitability, which remains negative across recent reporting periods.
The valuation multiples appear to reflect a high degree of uncertainty regarding the company's ability to transition from a loss-making converter to a profitable specialty materials provider. Investors should monitor whether the forward P/E multiple compresses as the company demonstrates its capacity to pass through raw material costs effectively.
Based on reported figures, Magnera's ROIC has struggled to maintain positive territory, hovering near 0.9% in 2026Q1, which indicates that the capital deployed in the recent merger has yet to generate returns exceeding the company's likely cost of capital.
The persistent low ROIC suggests that the asset base is currently underutilized or burdened by the significant goodwill and integration costs associated with the merger. Without a meaningful expansion in operating margins, the company may continue to struggle to create shareholder value through its current capital allocation strategy.
As reported in financial statements, Magnera's cash conversion cycle reached 74 days in 2026Q1, reflecting the operational complexities of managing a global manufacturing footprint that must balance inventory levels against volatile demand from CPG customers.
The fluctuation in the cash conversion cycle suggests that working capital is being used as a primary lever to manage liquidity rather than reflecting a stable operational rhythm. This volatility warrants further investigation into whether the company can optimize its inventory turnover without compromising its ability to meet customer delivery requirements.
According to recent SEC filings, Magnera's debt-to-EBITDA ratio of 23.32 in 2026Q1 highlights a significant leverage burden that leaves the company with limited financial flexibility should the current integration process face further operational or macroeconomic headwinds.
The high debt-to-EBITDA ratio indicates that the company's ability to service its obligations is highly sensitive to even minor fluctuations in operating performance. Investors should monitor the interest coverage ratio closely, as any further deterioration in operating income could quickly lead to a breach of debt covenants.
The price-to-sales ratio is frequently misapplied to Magnera, as it obscures the impact of pass-through pricing mechanisms that inflate top-line revenue without contributing to the underlying gross profit dollars essential for covering the company's high fixed-cost structure.
Analysts should prioritize EV/EBITDA or free cash flow metrics over P/S to better assess the company's true earning power. Relying on revenue multiples in a commodity-sensitive manufacturing business risks overestimating the company's value by ignoring the thin margins inherent in its conversion-based business model.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MAGN stock.
Magnera Corp.'s current P/E ratio is -2.6x. The historical average is 131.5x.
Magnera Corp.'s current EV/EBITDA is 7.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 53.2x.
Magnera Corp.'s return on equity (ROE) is -9.9%. The historical average is 3.4%.
Based on historical data, Magnera Corp. is trading at a P/E of -2.6x. Compare with industry peers and growth rates for a complete picture.
Magnera Corp.'s current dividend yield is 100.00%.
Magnera Corp. has 9.0% gross margin and 2.9% operating margin.
Magnera Corp.'s Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.