Matthews International Corporation (MATW) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Conglomerates
EV/EBITDA
↑
17.61
↑+68% vs avg
5yr avg: 10.50
30Y Low7.0·High16.1
P/FCF
↑
N/A
—
5yr avg: 20.63
30Y Low4.8·High42.1
P/B Ratio
↓
1.85
+6% vs avg
5yr avg: 1.74
30Y Low1.1·High4.8
ROE
↓
-5.3%
↓+2% vs avg
5yr avg: -5.5%
30Y Low-18%·High23%
Debt/EBITDA
↑
8.30
↑+57% vs avg
5yr avg: 5.28
30Y Low0.0·High8.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MATW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Matthews International Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $890M | $755M | $717M | $1.2B | $703M | $1.1B | $697M | $1.1B | $1.6B | $2.0B | $2.0B |
| Enterprise Value | $1.6B | $1.5B | $1.5B | $2.0B | $1.5B | $1.9B | $1.6B | $2.0B | $2.5B | $2.9B | $2.8B |
| P/E Ratio → | -36.18 | — | — | 30.88 | — | 381.21 | — | — | 14.88 | 27.30 | 29.93 |
| P/S Ratio | 0.59 | 0.50 | 0.40 | 0.65 | 0.40 | 0.66 | 0.47 | 0.72 | 1.00 | 1.34 | 1.35 |
| P/B Ratio | 1.85 | 1.57 | 1.64 | 2.32 | 1.44 | 1.74 | 1.14 | 1.54 | 1.84 | 2.57 | 2.82 |
| P/FCF | — | — | 21.05 | 42.09 | 10.73 | 8.64 | 4.79 | 11.90 | 15.31 | 19.46 | 20.26 |
| P/OCF | — | — | 9.05 | 15.31 | 5.54 | 6.82 | 3.86 | 8.48 | 10.83 | 13.60 | 14.24 |
P/E links to full P/E history page with 30-year chart
MATW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Matthews International Corporation's enterprise value stands at 17.6x EBITDA, 68% above its 5-year average of 10.5x. The Industrials sector median is 13.7x, placing the stock at a 29% premium 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 | — | 0.99 | 0.84 | 1.08 | 0.85 | 1.14 | 1.04 | 1.31 | 1.57 | 1.90 | 1.90 |
| EV / EBITDA | 17.61 | 16.15 | 9.30 | 9.74 | 8.25 | 9.06 | 8.79 | 9.25 | 10.37 | 13.37 | 13.01 |
| EV / EBIT | 79.81 | 19.70 | — | 22.34 | — | 59.18 | — | 238.38 | 18.26 | 22.98 | 22.94 |
| EV / FCF | — | — | 44.49 | 70.51 | 22.95 | 14.84 | 10.74 | 21.60 | 24.11 | 27.63 | 28.55 |
MATW Profitability
Margins and return-on-capital ratios measuring operating efficiency
Matthews International Corporation earns an operating margin of 1.4%, below the Industrials sector average of 4.7%. Operating margins have compressed from 6.0% to 1.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -5.3% indicates the company is currently destroying shareholder equity. ROIC of 1.2% represents below-average returns on invested capital versus a sector median of 6.3%.
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 | 32.6% | 32.6% | 29.6% | 29.1% | 27.1% | 28.4% | 29.3% | 32.5% | 34.7% | 37.2% | 37.6% |
| Operating Margin | 1.4% | 1.4% | 3.8% | 6.0% | 4.4% | 4.6% | 3.9% | 8.3% | 10.3% | 9.8% | 10.2% |
| Net Profit Margin | -1.6% | -1.6% | -3.3% | 2.1% | -5.7% | 0.2% | -5.8% | -2.5% | 6.7% | 4.9% | 4.5% |
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 | -5.3% | -5.3% | -12.4% | 7.8% | -17.8% | 0.5% | -13.1% | -4.8% | 12.9% | 9.9% | 9.2% |
| ROA | -1.4% | -1.4% | -3.2% | 2.1% | -5.1% | 0.1% | -4.1% | -1.7% | 4.6% | 3.4% | 3.1% |
| ROIC | 1.2% | 1.2% | 4.0% | 6.4% | 4.3% | 4.0% | 2.8% | 5.6% | 7.2% | 7.0% | 7.3% |
| ROCE | 1.5% | 1.5% | 4.7% | 7.6% | 5.0% | 4.5% | 3.2% | 6.4% | 8.2% | 7.8% | 8.1% |
MATW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Matthews International Corporation carries a Debt/EBITDA ratio of 8.3x, which is highly leveraged (168% above the sector average of 3.1x). Net debt stands at $732M ($764M total debt minus $32M cash). Interest coverage of just 1.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.59 | 1.59 | 1.92 | 1.65 | 1.79 | 1.33 | 1.48 | 1.31 | 1.11 | 1.15 | 1.23 |
| Debt / EBITDA | 8.30 | 8.30 | 5.15 | 4.13 | 4.79 | 4.02 | 5.10 | 4.31 | 3.96 | 4.22 | 4.03 |
| Net Debt / Equity | — | 1.52 | 1.83 | 1.57 | 1.65 | 1.25 | 1.42 | 1.26 | 1.06 | 1.08 | 1.15 |
| Net Debt / EBITDA | 7.95 | 7.95 | 4.90 | 3.93 | 4.40 | 3.79 | 4.87 | 4.15 | 3.79 | 3.96 | 3.77 |
| Debt / FCF | — | — | 23.44 | 28.43 | 12.23 | 6.20 | 5.95 | 9.69 | 8.81 | 8.18 | 8.29 |
| Interest Coverage | 1.27 | 1.27 | -0.35 | 2.04 | -2.87 | 1.12 | -2.09 | 0.21 | 3.68 | 4.76 | 5.04 |
MATW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.48x means Matthews International Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.91x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.64x to 1.48x 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 | 1.48 | 1.48 | 1.45 | 1.64 | 1.53 | 1.76 | 1.82 | 2.09 | 2.15 | 2.09 | 2.21 |
| Quick Ratio | 0.91 | 0.91 | 0.91 | 0.98 | 0.98 | 1.23 | 1.26 | 1.44 | 1.52 | 1.49 | 1.59 |
| Cash Ratio | 0.09 | 0.09 | 0.09 | 0.11 | 0.17 | 0.14 | 0.13 | 0.13 | 0.15 | 0.20 | 0.21 |
| Asset Turnover | — | 0.88 | 0.98 | 1.00 | 0.94 | 0.82 | 0.72 | 0.70 | 0.67 | 0.68 | 0.71 |
| Inventory Turnover | 4.98 | 4.98 | 5.31 | 5.12 | 5.70 | 6.33 | 6.05 | 5.76 | 5.80 | 5.55 | 5.69 |
| Days Sales Outstanding | — | 32.40 | 60.76 | 54.76 | 45.77 | 67.67 | 71.91 | 75.68 | 75.49 | 76.96 | 72.71 |
MATW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Matthews International Corporation returns 5.1% to shareholders annually — split between a 3.7% dividend yield and 1.4% buyback yield.
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 | 3.7% | 4.3% | 4.4% | 2.3% | 3.9% | 2.5% | 3.8% | 2.3% | 1.5% | 1.1% | 1.0% |
| Payout Ratio | — | — | — | 71.8% | — | 952.0% | — | — | 22.9% | 29.3% | 29.1% |
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 | — | — | — | 3.2% | — | 0.3% | — | — | 6.7% | 3.7% | 3.3% |
| FCF Yield | — | — | 4.7% | 2.4% | 9.3% | 11.6% | 20.9% | 8.4% | 6.5% | 5.1% | 4.9% |
| Buyback Yield | 1.4% | 1.6% | 2.9% | 0.2% | 5.9% | 1.1% | 0.6% | 2.3% | 1.3% | 0.7% | 2.9% |
| Total Shareholder Yield | 5.1% | 6.0% | 7.2% | 2.6% | 9.9% | 3.6% | 4.4% | 4.7% | 2.9% | 1.8% | 3.9% |
| Shares Outstanding | — | $31M | $31M | $31M | $31M | $32M | $31M | $31M | $32M | $33M | $33M |
Peer Comparison
Compare MATW 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 |
|---|---|---|---|---|---|---|---|---|---|
 MATWYou | $890M | -36.2 | 17.6 | — | 32.6% | 1.4% | -5.3% | 1.2% | 8.3 |
 SCI | $11B | 20.9 | 12.1 | 19.9 | 26.5% | 22.6% | 32.7% | 11.3% | 3.9 |
 CSV | $748M | 14.6 | 12.0 | 18.7 | 389.5% | 259.3% | 22.2% | 10.2% | 4.3 |
 HI | $2B | 52.4 | 12.5 | 126.3 | 33.7% | 5.9% | 3.0% | 3.8% | 5.4 |
 MATX | $6B | 13.5 | 7.9 | 37.1 | 22.8% | 14.0% | 16.4% | 10.8% | 0.9 |
 BRC | $4B | 20.7 | 14.0 | 25.5 | 50.3% | 15.6% | 16.8% | 16.7% | 0.6 |
 CCO | $1B | -11.4 | 15.6 | 37.3 | 42.5% | 19.0% | — | 7.4% | 13.5 |
 ACCO | $371M | 9.1 | 6.8 | 7.3 | 29.8% | 7.1% | 6.5% | 5.5% | 5.1 |
 ENSG | $10B | 30.1 | 25.9 | 27.7 | 13.7% | 8.6% | 16.9% | 7.0% | 7.7 |
 IP | $17B | -4.7 | 1262.8 | — | 29.5% | -11.3% | -30.6% | -11.3% | 514.4 |
 PKG | $20B | 26.0 | 12.4 | 27.3 | 21.0% | 14.0% | 17.1% | 12.6% | 2.3 |
| Industrials Median | — | 25.7 | 13.7 | 21.2 | 33.0% | 4.7% | 8.2% | 6.3% | 3.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonMATW — Frequently Asked Questions
Quick answers to the most common questions about buying MATW stock.
What is Matthews International Corporation's P/E ratio?
Matthews International Corporation's current P/E ratio is -36.2x. The historical average is 20.4x.
What is Matthews International Corporation's EV/EBITDA?
Matthews International Corporation's current EV/EBITDA is 17.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
What is Matthews International Corporation's ROE?
Matthews International Corporation's return on equity (ROE) is -5.3%. The historical average is 11.0%.
Is MATW stock overvalued?
Based on historical data, Matthews International Corporation is trading at a P/E of -36.2x. Compare with industry peers and growth rates for a complete picture.
What is Matthews International Corporation's dividend yield?
Matthews International Corporation's current dividend yield is 3.69%.
What are Matthews International Corporation's profit margins?
Matthews International Corporation has 32.6% gross margin and 1.4% operating margin.
How much debt does Matthews International Corporation have?
Matthews International Corporation's Debt/EBITDA ratio is 8.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.