MKS Inc. (MKSI) Financial Ratios
28 years of historical data (1998–2025) · Technology · Hardware, Equipment & Parts
EV/EBITDA
↑
25.75
↑+95% vs avg
5yr avg: 13.21
30Y Low4.6·High25.3
P/FCF
↑
39.01
↑+95% vs avg
5yr avg: 20.01
30Y Low8.5·High185.3
P/B Ratio
↑
7.16
↑+151% vs avg
5yr avg: 2.86
30Y Low0.8·High7.3
ROE
↓
11.7%
↓+1887% vs avg
5yr avg: -0.7%
30Y Low-53%·High38%
Debt/EBITDA
↑
5.16
+13% vs avg
5yr avg: 4.57
30Y Low0.0·High6.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MKSI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
MKS Inc. trades at 65.8x earnings, 147% above its 5-year average of 26.6x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 26.7x, the stock trades at a premium of 146%. On a free-cash-flow basis, the stock trades at 39.0x P/FCF, 95% above the 5-year average of 20.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $19.4B | $10.8B | $7.1B | $6.9B | $5.1B | $9.7B | $8.3B | $6.1B | $3.6B | $5.2B | $3.2B |
| Enterprise Value | $23.4B | $14.8B | $11.1B | $11.0B | $9.3B | $9.8B | $8.7B | $6.6B | $3.3B | $5.3B | $3.6B |
| P/E Ratio → | 65.82 | 36.57 | 37.15 | — | 15.24 | 17.59 | 23.77 | 43.14 | 9.05 | 15.34 | 30.62 |
| P/S Ratio | 4.93 | 2.75 | 1.97 | 1.90 | 1.43 | 3.29 | 3.57 | 3.19 | 1.71 | 2.72 | 2.48 |
| P/B Ratio | 7.16 | 3.98 | 3.04 | 2.78 | 1.13 | 3.36 | 3.52 | 3.00 | 1.90 | 3.28 | 2.59 |
| P/FCF | 39.01 | 21.77 | 17.21 | 29.62 | 13.91 | 17.55 | 19.44 | 33.57 | 10.13 | 16.07 | 19.94 |
| P/OCF | 30.06 | 16.77 | 13.37 | 21.54 | 9.59 | 15.17 | 16.22 | 24.80 | 8.59 | 14.65 | 17.83 |
P/E links to full P/E history page with 30-year chart
MKSI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
MKS Inc.'s enterprise value stands at 25.7x EBITDA, 95% above its 5-year average of 13.2x. The Technology sector median is 17.5x, placing the stock at a 47% 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 | — | 3.77 | 3.10 | 3.04 | 2.63 | 3.31 | 3.75 | 3.47 | 1.57 | 2.75 | 2.77 |
| EV / EBITDA | 25.75 | 16.32 | 13.15 | — | 11.21 | 12.16 | 15.81 | 20.00 | 5.67 | 10.76 | 16.10 |
| EV / EBIT | 41.43 | 26.26 | 21.31 | — | 15.15 | 14.15 | 19.35 | 29.73 | 6.54 | 11.00 | 22.66 |
| EV / FCF | — | 29.85 | 27.13 | 47.50 | 25.57 | 17.66 | 20.43 | 36.53 | 9.28 | 16.25 | 22.33 |
MKSI Profitability
Margins and return-on-capital ratios measuring operating efficiency
MKS Inc. earns an operating margin of 14.4%. Operating margins have expanded from -42.9% to 14.4% over the past 3 years, signaling improving operational efficiency. ROE of 11.7% is modest. ROIC of 6.5% represents adequate returns on invested capital.
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 | 40.4% | 40.4% | 47.6% | 45.3% | 43.6% | 46.8% | 45.0% | 43.7% | 47.2% | 46.5% | 43.7% |
| Operating Margin | 14.4% | 14.4% | 13.9% | -42.9% | 17.4% | 23.7% | 19.5% | 11.6% | 23.8% | 21.2% | 12.1% |
| Net Profit Margin | 7.5% | 7.5% | 5.3% | -50.8% | 9.4% | 18.7% | 15.0% | 7.4% | 18.9% | 17.7% | 8.1% |
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 | 11.7% | 11.7% | 7.9% | -52.9% | 9.0% | 21.0% | 16.0% | 7.2% | 22.7% | 24.0% | 8.7% |
| ROA | 3.4% | 3.4% | 2.1% | -17.9% | 4.2% | 13.1% | 9.6% | 4.7% | 15.6% | 14.7% | 6.0% |
| ROIC | 6.5% | 6.5% | 5.7% | -15.2% | 7.9% | 18.3% | 12.7% | 8.0% | 23.0% | 18.6% | 9.2% |
| ROCE | 7.2% | 7.2% | 6.2% | -16.5% | 8.4% | 18.4% | 13.7% | 8.1% | 22.1% | 19.8% | 10.0% |
MKSI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
MKS Inc. carries a Debt/EBITDA ratio of 5.2x, which is highly leveraged (79% above the sector average of 2.9x). Net debt stands at $4.0B ($4.7B total debt minus $675M cash). Interest coverage of just 2.7x 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 | 1.73 | 1.73 | 2.06 | 2.03 | 1.15 | 0.36 | 0.44 | 0.47 | 0.19 | 0.25 | 0.49 |
| Debt / EBITDA | 5.16 | 5.16 | 5.65 | — | 6.20 | 1.28 | 1.87 | 2.88 | 0.61 | 0.80 | 2.74 |
| Net Debt / Equity | — | 1.48 | 1.75 | 1.68 | 0.95 | 0.02 | 0.18 | 0.26 | -0.16 | 0.04 | 0.31 |
| Net Debt / EBITDA | 4.42 | 4.42 | 4.81 | — | 5.11 | 0.08 | 0.77 | 1.62 | -0.52 | 0.12 | 1.72 |
| Debt / FCF | — | 8.08 | 9.92 | 17.88 | 11.67 | 0.11 | 0.99 | 2.96 | -0.85 | 0.18 | 2.38 |
| Interest Coverage | 2.67 | 2.67 | 1.44 | -3.68 | 3.49 | 27.96 | 15.66 | 4.33 | 28.53 | 12.92 | 5.14 |
MKSI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
MKS Inc.'s current ratio of 2.71x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.71x 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 3.18x to 2.71x 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 | 2.71 | 2.71 | 3.19 | 3.18 | 2.93 | 4.67 | 4.83 | 4.51 | 5.56 | 4.27 | 4.21 |
| Quick Ratio | 1.71 | 1.71 | 2.04 | 2.01 | 1.91 | 3.41 | 3.48 | 3.06 | 4.10 | 3.10 | 3.05 |
| Cash Ratio | 0.73 | 0.73 | 0.92 | 1.03 | 0.96 | 2.27 | 2.24 | 1.65 | 2.73 | 1.87 | 1.76 |
| Asset Turnover | — | 0.45 | 0.42 | 0.40 | 0.31 | 0.65 | 0.60 | 0.56 | 0.79 | 0.79 | 0.59 |
| Inventory Turnover | 2.54 | 2.54 | 2.10 | 2.00 | 2.05 | 2.72 | 2.55 | 2.31 | 2.85 | 3.02 | 2.65 |
| Days Sales Outstanding | — | 60.45 | 62.60 | 60.77 | 74.09 | 54.81 | 61.52 | 65.53 | 51.97 | 57.21 | 70.09 |
MKSI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
MKS Inc. returns 0.5% to shareholders annually — split between a 0.3% dividend yield and 0.2% buyback yield. The payout ratio of 20.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.5% (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 | 0.3% | 0.5% | 0.8% | 0.9% | 1.0% | 0.5% | 0.5% | 0.7% | 1.2% | 0.7% | 1.1% |
| Payout Ratio | 20.0% | 20.0% | 31.1% | — | 15.6% | 8.6% | 12.6% | 31.0% | 10.8% | 11.3% | 34.7% |
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 | 1.5% | 2.7% | 2.7% | — | 6.6% | 5.7% | 4.2% | 2.3% | 11.1% | 6.5% | 3.3% |
| FCF Yield | 2.6% | 4.6% | 5.8% | 3.4% | 7.2% | 5.7% | 5.1% | 3.0% | 9.9% | 6.2% | 5.0% |
| Buyback Yield | 0.2% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.5% | 1.0% | 0.8% | 0.9% | 1.0% | 0.5% | 0.5% | 0.7% | 3.3% | 0.7% | 1.2% |
| Shares Outstanding | — | $68M | $68M | $67M | $60M | $56M | $55M | $55M | $55M | $55M | $54M |
Peer Comparison
Compare MKSI 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 |
|---|---|---|---|---|---|---|---|---|---|
 MKSIYou | $19B | 65.8 | 25.7 | 39.0 | 40.4% | 14.4% | 11.7% | 6.5% | 5.2 |
 ENTG | $23B | 96.3 | 20.0 | 57.4 | 44.4% | 28.9% | 6.2% | 9.3% | 3.0 |
 ICHR | $2B | -44.0 | — | — | 9.3% | -4.1% | -7.7% | -3.9% | — |
 ONTO | $15B | 109.7 | 76.8 | 50.6 | 49.7% | 13.2% | 6.8% | 5.7% | 0.1 |
 NOVT | $5B | 90.0 | 26.2 | 97.4 | 44.4% | 11.9% | 5.2% | 7.4% | 1.9 |
 FELE | $4B | 30.8 | 13.8 | 22.8 | 35.5% | 12.7% | 11.3% | 14.7% | 0.8 |
 ITRI | $4B | 13.0 | 10.9 | 9.8 | 37.5% | 13.5% | 19.1% | 13.1% | 3.5 |
 COHU | $2B | -30.5 | — | 212.1 | 34.5% | -13.3% | -9.0% | -5.7% | — |
 UCTT | $4B | -20.8 | 35.8 | 257.3 | 15.7% | 2.1% | -21.1% | 2.6% | 6.8 |
 AMAT | $326B | 47.4 | 38.7 | 57.2 | 48.7% | 29.2% | 35.5% | 33.3% | 0.8 |
 LRCX | $344B | 66.5 | 54.5 | 63.6 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonMKSI — Frequently Asked Questions
Quick answers to the most common questions about buying MKSI stock.
What is MKS Inc.'s P/E ratio?
MKS Inc.'s current P/E ratio is 65.8x. The historical average is 22.5x. This places it at the 100th percentile of its historical range.
What is MKS Inc.'s EV/EBITDA?
MKS Inc.'s current EV/EBITDA is 25.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
What is MKS Inc.'s ROE?
MKS Inc.'s return on equity (ROE) is 11.7%. The historical average is 8.2%.
Is MKSI stock overvalued?
Based on historical data, MKS Inc. is trading at a P/E of 65.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is MKS Inc.'s dividend yield?
MKS Inc.'s current dividend yield is 0.30% with a payout ratio of 20.0%.
What are MKS Inc.'s profit margins?
MKS Inc. has 40.4% gross margin and 14.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does MKS Inc. have?
MKS Inc.'s Debt/EBITDA ratio is 5.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.