Modine Manufacturing Company (MOD) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Auto - Parts
EV/EBITDA
↑
41.08
↑+284% vs avg
5yr avg: 10.71
30Y Low4.3·High18.4
P/FCF
↑
111.83
↑+346% vs avg
5yr avg: 25.05
30Y Low6.5·High53.8
P/B Ratio
↑
16.10
↑+390% vs avg
5yr avg: 3.28
30Y Low0.3·High6.7
ROE
↑
22.0%
↓+138% vs avg
5yr avg: 9.2%
30Y Low-50%·High37%
Debt/EBITDA
↓
1.24
↓-24% vs avg
5yr avg: 1.65
30Y Low0.7·High5.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MOD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Modine Manufacturing Company trades at 80.2x earnings, 375% above its 5-year average of 16.9x, sitting at the 91st percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a premium of 309%. On a free-cash-flow basis, the stock trades at 111.8x P/FCF, 346% above the 5-year average of 25.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $14.5B | $4.1B | $5.1B | $1.2B | $473M | $758M | $165M | $712M | $1.1B | $611M | $522M |
| Enterprise Value | $14.8B | $4.5B | $5.5B | $1.5B | $806M | $1.1B | $577M | $1.1B | $1.5B | $1.1B | $616M |
| P/E Ratio → | 80.18 | 22.44 | 31.52 | 7.95 | 5.56 | — | — | 8.41 | 48.07 | 43.57 | — |
| P/S Ratio | 5.60 | 1.60 | 2.11 | 0.53 | 0.23 | 0.42 | 0.08 | 0.32 | 0.51 | 0.41 | 0.39 |
| P/B Ratio | 16.10 | 4.51 | 6.73 | 2.03 | 1.03 | 2.13 | 0.33 | 1.31 | 2.16 | 1.45 | 1.36 |
| P/FCF | 111.83 | 31.99 | 40.31 | 21.43 | — | 6.47 | — | 24.20 | 20.39 | — | — |
| P/OCF | 67.79 | 19.39 | 23.69 | 11.32 | 41.13 | 5.06 | 2.85 | 6.89 | 8.70 | 14.69 | 7.21 |
P/E links to full P/E history page with 30-year chart
MOD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Modine Manufacturing Company's enterprise value stands at 41.1x EBITDA, 284% above its 5-year average of 10.7x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 262% 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 | — | 1.75 | 2.27 | 0.65 | 0.39 | 0.58 | 0.29 | 0.51 | 0.72 | 0.72 | 0.46 |
| EV / EBITDA | 41.08 | 12.50 | 18.38 | 7.33 | 4.63 | — | 5.01 | 6.00 | 8.98 | 10.81 | 6.92 |
| EV / EBIT | 52.34 | 16.10 | 22.85 | 9.79 | 6.88 | — | 17.42 | 9.38 | 14.12 | 28.63 | 512.98 |
| EV / FCF | — | 34.92 | 43.26 | 26.45 | — | 9.00 | — | 38.08 | 28.72 | — | — |
MOD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Modine Manufacturing Company earns an operating margin of 11.0%, above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 6.5% to 11.0% over the past 3 years, signaling improving operational efficiency. ROE of 22.0% indicates solid capital efficiency, compared to the sector median of 5.6%. ROIC of 17.6% represents solid returns on invested capital versus a sector median of 5.8%.
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 | 25.0% | 25.0% | 21.9% | 16.9% | 15.1% | 16.2% | 15.6% | 16.5% | 17.0% | 17.2% | 17.3% |
| Operating Margin | 11.0% | 11.0% | 10.0% | 6.5% | 5.8% | -5.4% | 1.9% | 5.0% | 4.4% | 2.8% | 2.7% |
| Net Profit Margin | 7.1% | 7.1% | 6.7% | 6.7% | 4.2% | -11.7% | -0.1% | 3.8% | 1.1% | 0.9% | -0.1% |
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 | 22.0% | 22.0% | 23.8% | 28.9% | 20.9% | -49.6% | -0.4% | 16.3% | 4.8% | 3.5% | -0.4% |
| ROA | 9.8% | 9.8% | 9.5% | 10.2% | 6.3% | -15.0% | -0.1% | 5.5% | 1.5% | 1.2% | -0.2% |
| ROIC | 17.6% | 17.6% | 17.9% | 13.5% | 12.4% | -9.4% | 3.1% | 8.7% | 7.5% | 4.6% | 6.1% |
| ROCE | 21.1% | 21.1% | 20.4% | 15.1% | 13.7% | -9.9% | 3.4% | 10.3% | 9.0% | 5.2% | 5.9% |
MOD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Modine Manufacturing Company carries a Debt/EBITDA ratio of 1.2x, which is manageable (72% below the sector average of 4.4x). Net debt stands at $378M ($449M total debt minus $72M cash). Interest coverage of 10.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.49 | 0.49 | 0.57 | 0.59 | 0.82 | 0.94 | 0.98 | 0.83 | 0.96 | 1.21 | 0.42 |
| Debt / EBITDA | 1.24 | 1.24 | 1.45 | 1.72 | 2.17 | — | 4.19 | 2.41 | 2.84 | 5.08 | 1.83 |
| Net Debt / Equity | — | 0.41 | 0.49 | 0.48 | 0.73 | 0.83 | 0.83 | 0.75 | 0.88 | 1.13 | 0.24 |
| Net Debt / EBITDA | 1.05 | 1.05 | 1.25 | 1.39 | 1.91 | — | 3.58 | 2.19 | 2.61 | 4.74 | 1.05 |
| Debt / FCF | — | 2.92 | 2.95 | 5.03 | — | 2.53 | — | 13.88 | 8.34 | — | — |
| Interest Coverage | 10.74 | 10.74 | 9.99 | 7.27 | 7.64 | -5.04 | 1.67 | 4.42 | 3.60 | 2.46 | 3.34 |
MOD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.78x means Modine Manufacturing Company can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.15x 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 1.67x to 1.78x 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 | 1.78 | 1.78 | 1.64 | 1.67 | 1.53 | 1.37 | 1.70 | 1.38 | 1.25 | 1.21 | 1.51 |
| Quick Ratio | 1.15 | 1.15 | 0.98 | 1.03 | 0.96 | 0.96 | 1.14 | 0.95 | 0.88 | 0.84 | 1.10 |
| Cash Ratio | 0.13 | 0.13 | 0.11 | 0.14 | 0.10 | 0.08 | 0.19 | 0.09 | 0.08 | 0.08 | 0.25 |
| Asset Turnover | — | 1.35 | 1.30 | 1.47 | 1.44 | 1.42 | 1.29 | 1.44 | 1.34 | 1.04 | 1.47 |
| Inventory Turnover | 5.69 | 5.69 | 5.25 | 5.87 | 6.19 | 7.75 | 8.04 | 9.20 | 9.13 | 7.38 | 10.08 |
| Days Sales Outstanding | — | 67.66 | 64.11 | 63.22 | 65.43 | 54.07 | 54.04 | 55.85 | 59.42 | 71.69 | 51.03 |
MOD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Modine Manufacturing Company returns 0.2% to shareholders annually primarily through share buybacks. The earnings yield of 1.2% (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 | 1.2% | 4.5% | 3.2% | 12.6% | 18.0% | — | — | 11.9% | 2.1% | 2.3% | — |
| FCF Yield | 0.9% | 3.1% | 2.5% | 4.7% | — | 15.5% | — | 4.1% | 4.9% | — | — |
| Buyback Yield | 0.2% | 0.7% | 0.3% | 0.6% | 0.0% | 0.0% | 1.5% | 0.1% | 0.0% | 0.0% | 1.3% |
| Total Shareholder Yield | 0.2% | 0.7% | 0.3% | 0.6% | 0.0% | 0.0% | 1.5% | 0.1% | 0.0% | 0.0% | 1.3% |
| Shares Outstanding | — | $54M | $53M | $53M | $53M | $51M | $51M | $51M | $51M | $50M | $47M |
Peer Comparison
Compare MOD 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 |
|---|---|---|---|---|---|---|---|---|---|
 MODYou | $14B | 80.2 | 41.1 | 111.8 | 25.0% | 11.0% | 22.0% | 17.6% | 1.2 |
 THRM | $946M | 51.5 | 8.2 | 15.5 | 23.5% | 5.2% | 2.7% | 7.3% | 2.2 |
 AAON | $8B | 76.2 | 37.6 | — | 26.7% | 10.1% | 12.5% | 9.4% | 1.9 |
 GTLS | $10B | 629.6 | 14.3 | 49.0 | 29.2% | 15.2% | 1.3% | 7.4% | 4.0 |
 BWXT | $20B | 59.9 | 49.1 | 66.8 | 22.9% | 10.1% | 28.5% | 10.1% | 4.7 |
 JCI | $88B | 54.4 | 26.7 | 90.8 | 36.4% | 12.0% | 21.7% | 8.5% | 3.0 |
 TT | $108B | 37.6 | 26.2 | 38.4 | 36.2% | 18.6% | 36.3% | 26.2% | 1.1 |
 CARR | $57B | 39.9 | 21.9 | 33.4 | 25.9% | 9.9% | 10.5% | 6.7% | 4.1 |
 LII | $19B | 24.4 | 18.6 | 29.5 | 33.0% | 19.5% | 78.1% | 29.8% | 1.8 |
 RBC | $20B | 80.9 | 43.6 | 83.6 | 44.4% | 22.6% | 8.5% | 6.9% | 2.1 |
 CMI | $99B | 34.9 | 21.0 | 41.4 | 25.3% | 11.5% | 23.0% | 16.1% | 1.6 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
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Start ComparisonMOD — Frequently Asked Questions
Quick answers to the most common questions about buying MOD stock.
What is Modine Manufacturing Company's P/E ratio?
Modine Manufacturing Company's current P/E ratio is 80.2x. The historical average is 28.5x. This places it at the 91th percentile of its historical range.
What is Modine Manufacturing Company's EV/EBITDA?
Modine Manufacturing Company's current EV/EBITDA is 41.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.9x.
What is Modine Manufacturing Company's ROE?
Modine Manufacturing Company's return on equity (ROE) is 22.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 6.4%.
Is MOD stock overvalued?
Based on historical data, Modine Manufacturing Company is trading at a P/E of 80.2x. This is at the 91th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Modine Manufacturing Company's profit margins?
Modine Manufacturing Company has 25.0% gross margin and 11.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Modine Manufacturing Company have?
Modine Manufacturing Company's Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.