Mistras Group, Inc. (MG) Financial Ratios
18 years of historical data (2008–2025) · Industrials · Security & Protection Services
EV/EBITDA
↓
9.43
+14% vs avg
5yr avg: 8.25
30Y Low6.4·High23.1
P/FCF
↑
71.78
↑+136% vs avg
5yr avg: 30.44
30Y Low4.3·High71.6
P/B Ratio
↑
2.55
↑+106% vs avg
5yr avg: 1.24
30Y Low0.7·High3.3
ROE
↑
7.7%
↓+183% vs avg
5yr avg: 2.7%
30Y Low-41%·High25%
Debt/EBITDA
↓
2.82
↓-32% vs avg
5yr avg: 4.13
30Y Low0.7·High6.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mistras Group, Inc. trades at 35.4x earnings, 19% above its 5-year average of 29.6x, sitting at the 54th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 39%. On a free-cash-flow basis, the stock trades at 71.8x P/FCF, 136% above the 5-year average of 30.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $596M | $406M | $286M | $222M | $149M | $224M | $226M | $414M | $423M | $667M | $773M |
| Enterprise Value | $811M | $620M | $470M | $422M | $344M | $426M | $446M | $681M | $701M | $821M | $857M |
| P/E Ratio → | 35.36 | 23.87 | 15.10 | — | 22.41 | 57.15 | — | 67.95 | 62.52 | — | 53.50 |
| P/S Ratio | 0.82 | 0.56 | 0.39 | 0.31 | 0.22 | 0.33 | 0.38 | 0.55 | 0.57 | 0.95 | 1.13 |
| P/B Ratio | 2.55 | 1.72 | 1.44 | 1.17 | 0.75 | 1.11 | 1.15 | 1.45 | 1.56 | 2.46 | 2.80 |
| P/FCF | 71.78 | 48.82 | 10.55 | 71.64 | 11.47 | 9.74 | 4.35 | 11.45 | 20.60 | 19.24 | 16.34 |
| P/OCF | 18.08 | 12.30 | 5.71 | 8.30 | 5.64 | 5.30 | 3.34 | 7.01 | 10.16 | 12.08 | 12.23 |
P/E links to full P/E history page with 30-year chart
MG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Mistras Group, Inc.'s enterprise value stands at 9.4x EBITDA, 14% above its 5-year average of 8.3x. The Industrials sector median is 13.8x, placing the stock at a 32% 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 | — | 0.86 | 0.64 | 0.60 | 0.50 | 0.63 | 0.75 | 0.91 | 0.94 | 1.17 | 1.25 |
| EV / EBITDA | 9.43 | 7.21 | 6.45 | 13.10 | 6.49 | 8.02 | — | 10.87 | 12.38 | 23.10 | 14.66 |
| EV / EBIT | 15.23 | 11.65 | 11.37 | — | 17.40 | 23.44 | — | 28.23 | 31.56 | 197.36 | 33.54 |
| EV / FCF | — | 74.65 | 17.30 | 136.13 | 26.51 | 18.53 | 8.57 | 18.83 | 34.14 | 23.68 | 18.10 |
MG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mistras Group, Inc. earns an operating margin of 7.4%, above the Industrials sector average of 4.3%. Operating margins have expanded from -0.3% to 7.4% over the past 3 years, signaling improving operational efficiency. ROE of 7.7% is modest, trailing the sector median of 8.2%. ROIC of 9.6% represents adequate returns on invested capital versus a sector median of 6.1%.
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 | 26.8% | 26.8% | 29.2% | 28.9% | 28.8% | 29.1% | 30.1% | 29.0% | 28.0% | 26.8% | 24.6% |
| Operating Margin | 7.4% | 7.4% | 5.5% | -0.3% | 2.9% | 2.7% | -17.1% | 3.2% | 3.0% | 0.6% | 3.7% |
| Net Profit Margin | 2.3% | 2.3% | 2.6% | -2.5% | 0.9% | 0.6% | -16.8% | 0.8% | 0.9% | -0.3% | 2.1% |
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 | 7.7% | 7.7% | 9.7% | -9.0% | 3.3% | 1.9% | -41.2% | 2.2% | 2.5% | -0.8% | 5.4% |
| ROA | 3.1% | 3.1% | 3.6% | -3.3% | 1.2% | 0.7% | -15.3% | 0.9% | 1.1% | -0.4% | 3.0% |
| ROIC | 9.6% | 9.6% | 7.7% | -0.4% | 3.7% | 3.3% | -15.7% | 3.3% | 3.4% | 0.8% | 5.2% |
| ROCE | 12.3% | 12.3% | 9.6% | -0.4% | 4.5% | 4.0% | -18.7% | 4.0% | 4.2% | 1.0% | 6.6% |
MG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Mistras Group, Inc. carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (12% below the sector average of 3.2x). Net debt stands at $215M ($243M total debt minus $28M cash). Interest coverage of 3.6x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.03 | 1.03 | 1.01 | 1.14 | 1.09 | 1.13 | 1.24 | 0.99 | 1.12 | 0.67 | 0.38 |
| Debt / EBITDA | 2.82 | 2.82 | 2.77 | 6.76 | 4.07 | 4.26 | — | 4.50 | 5.36 | 5.11 | 1.79 |
| Net Debt / Equity | — | 0.91 | 0.92 | 1.05 | 0.98 | 1.01 | 1.11 | 0.93 | 1.03 | 0.57 | 0.30 |
| Net Debt / EBITDA | 2.50 | 2.50 | 2.52 | 6.21 | 3.68 | 3.81 | — | 4.26 | 4.91 | 4.33 | 1.43 |
| Debt / FCF | — | 25.83 | 6.75 | 64.49 | 15.04 | 8.79 | 4.22 | 7.38 | 13.54 | 4.44 | 1.77 |
| Interest Coverage | 3.63 | 3.63 | 2.42 | -0.11 | 1.88 | 1.67 | -7.81 | 1.76 | 2.80 | 0.95 | 8.31 |
MG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.47x means Mistras Group, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.55x to 1.47x 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 | 1.47 | 1.47 | 1.50 | 1.55 | 1.62 | 1.33 | 1.48 | 1.64 | 2.02 | 2.16 | 1.94 |
| Quick Ratio | 1.36 | 1.36 | 1.37 | 1.42 | 1.49 | 1.22 | 1.36 | 1.52 | 1.89 | 2.04 | 1.84 |
| Cash Ratio | 0.23 | 0.23 | 0.16 | 0.15 | 0.20 | 0.20 | 0.23 | 0.14 | 0.25 | 0.31 | 0.22 |
| Asset Turnover | — | 1.25 | 1.40 | 1.32 | 1.29 | 1.20 | 1.02 | 1.04 | 1.07 | 1.26 | 1.42 |
| Inventory Turnover | 37.84 | 37.84 | 35.66 | 32.83 | 36.09 | 37.84 | 31.52 | 39.61 | 40.95 | 48.87 | 52.04 |
| Days Sales Outstanding | — | 77.97 | 63.67 | 68.73 | 65.66 | 59.03 | 66.29 | 66.31 | 72.93 | 71.90 | 69.75 |
MG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mistras Group, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 2.8% (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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 2.8% | 4.2% | 6.6% | — | 4.5% | 1.7% | — | 1.5% | 1.6% | — | 1.9% |
| FCF Yield | 1.4% | 2.0% | 9.5% | 1.4% | 8.7% | 10.3% | 23.0% | 8.7% | 4.9% | 5.2% | 6.1% |
| Buyback Yield | 0.0% | 0.0% | 0.5% | 0.7% | 0.7% | 0.6% | 0.2% | 0.0% | 0.5% | 2.4% | 1.2% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.5% | 0.7% | 0.7% | 0.6% | 0.2% | 0.0% | 0.5% | 2.4% | 1.2% |
| Shares Outstanding | — | $32M | $32M | $30M | $30M | $30M | $29M | $29M | $29M | $28M | $30M |
Peer Comparison
Compare MG 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 |
|---|---|---|---|---|---|---|---|---|---|
 MGYou | $596M | 35.4 | 9.4 | 71.8 | 26.8% | 7.4% | 7.7% | 9.6% | 2.8 |
 TDY | $29B | 32.7 | 20.8 | 26.6 | 39.2% | 18.8% | 8.9% | 7.0% | 1.8 |
 TISI | $77M | -1.4 | 8.2 | — | 23.4% | 1.7% | -337.0% | 3.4% | 7.0 |
 PRIM | $6B | 21.6 | 13.1 | 17.3 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 MYRG | $8B | 64.2 | 32.6 | 32.4 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 MTZ | $32B | 80.1 | 31.9 | 112.1 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 ITRN | $1B | 22.0 | 12.2 | 19.1 | 49.7% | 21.4% | 27.9% | 47.2% | 0.0 |
 NDSN | $16B | 34.7 | 21.1 | 24.9 | 55.2% | 25.9% | 16.2% | 10.5% | 2.5 |
 XOM | $587B | 20.7 | 10.3 | 24.9 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 |
 CVX | $349B | 26.4 | 10.5 | 21.1 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
 KMI | $72B | 23.5 | 14.3 | 22.3 | 43.7% | 28.4% | 9.5% | 5.6% | 4.5 |
| Industrials Median | — | 25.5 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 18 years · Updated daily
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MG — Frequently Asked Questions
Quick answers to the most common questions about buying MG stock.
What is Mistras Group, Inc.'s P/E ratio?
Mistras Group, Inc.'s current P/E ratio is 35.4x. The historical average is 39.9x. This places it at the 54th percentile of its historical range.
What is Mistras Group, Inc.'s EV/EBITDA?
Mistras Group, Inc.'s current EV/EBITDA is 9.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.7x.
What is Mistras Group, Inc.'s ROE?
Mistras Group, Inc.'s return on equity (ROE) is 7.7%. The historical average is 3.2%.
Is MG stock overvalued?
Based on historical data, Mistras Group, Inc. is trading at a P/E of 35.4x. This is at the 54th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Mistras Group, Inc.'s profit margins?
Mistras Group, Inc. has 26.8% gross margin and 7.4% operating margin.
How much debt does Mistras Group, Inc. have?
Mistras Group, Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.