Mirion Technologies, Inc. (MIR) Financial Ratios
8 years of historical data (2018–2025) · Industrials · Industrial - Machinery
EV/EBITDA
↓
29.95
↓-18% vs avg
5yr avg: 36.68
30Y Low18.5·High67.9
P/FCF
↓
45.15
↓-54% vs avg
5yr avg: 98.31
30Y Low34.6·High80.6
P/B Ratio
↑
2.69
↑+53% vs avg
5yr avg: 1.76
30Y Low0.8·High3.2
ROE
↑
1.7%
↓+113% vs avg
5yr avg: -13.2%
30Y Low-42%·High2%
Debt/EBITDA
↓
6.65
↓-25% vs avg
5yr avg: 8.92
30Y Low4.1·High19.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MIR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mirion Technologies, Inc. trades at 179.5x earnings, 16% below its 5-year average of 212.9x, sitting at the 50th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 603%. On a free-cash-flow basis, the stock trades at 45.2x P/FCF, 54% below the 5-year average of 98.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.8B | $6.1B | $3.6B | $2.0B | $1.2B | $2.2B | $1.6B | — | — |
| Enterprise Value | $5.7B | $7.0B | $4.1B | $2.6B | $2.0B | $3.0B | $3.2B | — | — |
| P/E Ratio → | 179.55 | 212.91 | — | — | — | — | — | — | — |
| P/S Ratio | 5.22 | 6.61 | 4.16 | 2.51 | 1.67 | 3.26 | — | — | — |
| P/B Ratio | 2.69 | 3.19 | 2.29 | 1.30 | 0.82 | 1.22 | — | — | — |
| P/FCF | 45.15 | 57.21 | 71.12 | 34.64 | 230.27 | — | 80.55 | — | — |
| P/OCF | 33.68 | 42.68 | 36.10 | 21.14 | 30.39 | 2420.71 | 39.97 | — | — |
P/E links to full P/E history page with 30-year chart
MIR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Mirion Technologies, Inc.'s enterprise value stands at 29.9x EBITDA, 18% below its 5-year average of 36.7x. The Industrials sector median is 13.8x, placing the stock at a 118% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.53 | 4.79 | 3.25 | 2.75 | 4.42 | — | — | — |
| EV / EBITDA | 29.95 | 36.75 | 23.53 | 18.49 | — | 67.94 | — | — | — |
| EV / EBIT | 110.19 | 92.98 | 144.12 | — | — | — | — | — | — |
| EV / FCF | — | 65.15 | 81.94 | 44.84 | 379.52 | — | 161.14 | — | — |
MIR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mirion Technologies, Inc. earns an operating margin of 5.6%, roughly in line with the Industrials sector average. Operating margins have expanded from -2.7% to 5.6% over the past 3 years, signaling improving operational efficiency. ROE of 1.7% is modest, trailing the sector median of 8.2%. ROIC of 1.6% 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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.4% | 47.4% | 46.7% | 44.5% | 44.2% | 42.5% | — | 42.8% | 37.9% |
| Operating Margin | 5.6% | 5.6% | 2.9% | -2.7% | -41.5% | -10.3% | — | 6.5% | -1.1% |
| Net Profit Margin | 3.1% | 3.1% | -4.2% | -12.1% | -38.6% | -33.3% | — | -27.7% | -23.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.7% | 1.7% | -2.3% | -6.4% | -17.0% | -41.7% | — | -2690484.1% | -2204038.3% |
| ROA | 0.9% | 0.9% | -1.3% | -3.6% | -9.5% | -10.2% | -7.3% | -2440000.0% | -2074000.0% |
| ROIC | 1.6% | 1.6% | 0.9% | -0.7% | -9.3% | -3.0% | -0.4% | — | — |
| ROCE | 1.8% | 1.8% | 1.0% | -0.9% | -11.0% | -3.5% | -0.5% | 635130.7% | -99893.7% |
MIR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Mirion Technologies, Inc. carries a Debt/EBITDA ratio of 6.7x, which is highly leveraged (108% above the sector average of 3.2x). Net debt stands at $848M ($1.3B total debt minus $412M cash). Interest coverage of just 1.8x 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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.66 | 0.66 | 0.46 | 0.47 | 0.58 | 0.48 | — | — | — |
| Debt / EBITDA | 6.65 | 6.65 | 4.11 | 5.12 | — | 19.78 | — | — | — |
| Net Debt / Equity | — | 0.44 | 0.35 | 0.38 | 0.53 | 0.44 | — | -1.15 | -1.06 |
| Net Debt / EBITDA | 4.48 | 4.48 | 3.11 | 4.20 | — | 17.85 | — | -0.00 | -0.00 |
| Debt / FCF | — | 7.93 | 10.83 | 10.19 | 149.25 | — | 80.59 | — | -0.00 |
| Interest Coverage | 1.77 | 1.77 | 0.49 | -0.22 | -1.65 | -0.33 | — | — | — |
MIR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Mirion Technologies, Inc.'s current ratio of 2.84x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.36x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.03x to 2.84x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.84 | 2.84 | 2.26 | 2.03 | 1.97 | 2.05 | 2.12 | 7.86 | 16.95 |
| Quick Ratio | 2.36 | 2.36 | 1.75 | 1.48 | 1.38 | 1.49 | 1.63 | 7.86 | 16.95 |
| Cash Ratio | 1.30 | 1.30 | 0.69 | 0.50 | 0.32 | 0.40 | 0.65 | 7.86 | 16.95 |
| Asset Turnover | — | 0.26 | 0.33 | 0.29 | 0.26 | 0.21 | — | 88020.00 | 88820.00 |
| Inventory Turnover | 3.20 | 3.20 | 3.45 | 3.08 | 2.80 | 3.11 | — | — | — |
| Days Sales Outstanding | — | 110.52 | 103.76 | 105.00 | 114.72 | 119.99 | — | — | — |
MIR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mirion Technologies, Inc. returns 1.0% to shareholders annually primarily through share buybacks. The earnings yield of 0.6% (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 |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.6% | 0.5% | — | — | — | — | — | — | — |
| FCF Yield | 2.2% | 1.7% | 1.4% | 2.9% | 0.4% | — | 1.2% | — | — |
| Buyback Yield | 1.0% | 0.8% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 1.0% | 0.8% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $261M | $205M | $196M | $181M | $208M | $145M | $20M | $95M |
Peer Comparison
Compare MIR 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 |
|---|---|---|---|---|---|---|---|---|---|
 MIRYou | $5B | 179.5 | 29.9 | 45.2 | 47.4% | 5.6% | 1.7% | 1.6% | 6.7 |
 OSIS | $4B | 27.7 | 17.4 | 70.8 | 34.3% | 12.7% | 16.5% | 11.5% | 2.6 |
 ATEC | $1B | -8.1 | 3752.1 | 422.6 | 69.6% | -10.7% | -630.7% | -12.6% | 1425.2 |
 NVST | $4B | 86.7 | 13.3 | 17.5 | 55.0% | 8.3% | 1.6% | 4.8% | 5.0 |
 WAT | $23B | 32.6 | 21.5 | 42.3 | 57.8% | 28.2% | 29.3% | 20.3% | 1.3 |
 TRMB | $15B | 35.3 | 20.1 | 110.0 | 68.3% | 16.9% | 7.3% | 6.8% | 1.8 |
 ITRI | $4B | 12.5 | 10.5 | 9.4 | 37.5% | 13.5% | 19.1% | 13.1% | 3.5 |
 TDY | $29B | 33.4 | 21.2 | 27.2 | 39.2% | 18.8% | 8.9% | 7.0% | 1.8 |
 CEG | $97B | 42.1 | 25.2 | 75.5 | 75.8% | 12.1% | 16.3% | 11.9% | 2.2 |
 CCJ | $52B | 120.1 | 79.6 | 69.1 | 26.7% | 16.7% | 8.9% | 6.3% | 1.2 |
 VST | $52B | 69.7 | 16.7 | 404.3 | 17.5% | 7.9% | 17.7% | 4.3% | 4.8 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
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Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonMIR — Frequently Asked Questions
Quick answers to the most common questions about buying MIR stock.
What is Mirion Technologies, Inc.'s P/E ratio?
Mirion Technologies, Inc.'s current P/E ratio is 179.5x. This places it at the 50th percentile of its historical range.
What is Mirion Technologies, Inc.'s EV/EBITDA?
Mirion Technologies, Inc.'s current EV/EBITDA is 29.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 36.7x.
What is Mirion Technologies, Inc.'s ROE?
Mirion Technologies, Inc.'s return on equity (ROE) is 1.7%. The historical average is -13.2%.
Is MIR stock overvalued?
Based on historical data, Mirion Technologies, Inc. is trading at a P/E of 179.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Mirion Technologies, Inc.'s profit margins?
Mirion Technologies, Inc. has 47.4% gross margin and 5.6% operating margin.
How much debt does Mirion Technologies, Inc. have?
Mirion Technologies, Inc.'s Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.