Mueller Water Products, Inc. (MWA) Financial Ratios
20 years of historical data (2006–2025) · Industrials · Industrial - Machinery
EV/EBITDA
↓
13.67
+5% vs avg
5yr avg: 13.05
30Y Low7.7·High17.7
P/FCF
↓
23.76
-4% vs avg
5yr avg: 24.83
30Y Low8.7·High44.8
P/B Ratio
↑
4.19
↑+23% vs avg
5yr avg: 3.40
30Y Low0.8·High4.9
ROE
↑
21.4%
↓+51% vs avg
5yr avg: 14.2%
30Y Low-113%·High27%
Debt/EBITDA
↓
1.50
↓-33% vs avg
5yr avg: 2.23
30Y Low1.5·High7.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MWA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mueller Water Products, Inc. trades at 21.4x earnings, 17% below its 5-year average of 25.9x, sitting at the 27th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 16%. On a free-cash-flow basis, the stock trades at 23.8x P/FCF, roughly in line with the 5-year average of 24.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.1B | $4.0B | $3.4B | $2.0B | $1.6B | $2.4B | $1.6B | $1.8B | $1.8B | $2.1B | $2.1B |
| Enterprise Value | $4.1B | $4.0B | $3.6B | $2.3B | $1.9B | $2.7B | $1.9B | $2.1B | $1.9B | $2.2B | $2.3B |
| P/E Ratio → | 21.42 | 20.92 | 29.32 | 23.05 | 21.40 | 34.59 | 23.09 | 28.10 | 17.44 | 16.84 | 32.18 |
| P/S Ratio | 2.86 | 2.81 | 2.59 | 1.56 | 1.30 | 2.18 | 1.71 | 1.85 | 2.01 | 2.51 | 2.56 |
| P/B Ratio | 4.19 | 4.09 | 4.20 | 2.79 | 2.42 | 3.49 | 2.57 | 3.02 | 3.25 | 4.23 | 4.89 |
| P/FCF | 23.76 | 23.37 | 17.79 | 32.38 | — | 25.78 | 22.70 | 302.91 | 23.87 | — | 18.05 |
| P/OCF | 18.63 | 18.33 | 14.26 | 18.24 | 31.03 | 15.46 | 11.75 | 19.32 | 13.85 | 128.64 | 14.13 |
P/E links to full P/E history page with 30-year chart
MWA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Mueller Water Products, Inc.'s enterprise value stands at 13.7x EBITDA, roughly in line with its 5-year average of 13.1x. This is roughly in line with the Industrials sector median of 13.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.83 | 2.72 | 1.80 | 1.56 | 2.40 | 1.99 | 2.12 | 2.11 | 2.65 | 2.92 |
| EV / EBITDA | 13.67 | 13.45 | 14.41 | 12.11 | 11.33 | 13.96 | 10.96 | 11.60 | 11.71 | 15.36 | 17.68 |
| EV / EBIT | 15.76 | 15.49 | 19.43 | 18.20 | 16.93 | 22.71 | 16.02 | 19.72 | 16.60 | 21.75 | 25.61 |
| EV / FCF | — | 23.49 | 18.66 | 37.46 | — | 28.42 | 26.36 | 348.60 | 25.14 | — | 20.61 |
MWA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mueller Water Products, Inc. earns an operating margin of 18.2%, above the Industrials sector average of 4.3%. Operating margins have expanded from 10.0% to 18.2% over the past 3 years, signaling improving operational efficiency. ROE of 21.4% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 19.7% represents solid 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 | 36.1% | 36.1% | 34.9% | 29.7% | 29.2% | 32.3% | 34.0% | 33.2% | 31.6% | 32.4% | 33.5% |
| Operating Margin | 18.2% | 18.2% | 13.8% | 10.0% | 8.9% | 11.9% | 12.1% | 12.8% | 13.3% | 12.2% | 11.6% |
| Net Profit Margin | 13.4% | 13.4% | 8.8% | 6.7% | 6.1% | 6.3% | 7.5% | 6.6% | 11.5% | 14.9% | 8.0% |
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 | 21.4% | 21.4% | 15.2% | 12.4% | 11.2% | 10.5% | 11.7% | 11.0% | 20.0% | 27.1% | 16.2% |
| ROA | 11.0% | 11.0% | 7.4% | 5.7% | 5.1% | 4.8% | 5.3% | 4.9% | 8.3% | 9.7% | 5.1% |
| ROIC | 19.7% | 19.7% | 13.6% | 9.5% | 8.6% | 10.7% | 9.9% | 12.2% | 14.4% | 11.5% | 9.6% |
| ROCE | 17.8% | 17.8% | 13.6% | 10.0% | 8.7% | 10.4% | 9.7% | 10.9% | 10.9% | 9.1% | 8.6% |
MWA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Mueller Water Products, Inc. carries a Debt/EBITDA ratio of 1.5x, which is manageable (53% below the sector average of 3.2x). Net debt stands at $20M ($452M total debt minus $432M cash). Interest coverage of 13.0x 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 | 0.46 | 0.46 | 0.59 | 0.66 | 0.71 | 0.68 | 0.74 | 0.75 | 0.79 | 0.98 | 1.16 |
| Debt / EBITDA | 1.50 | 1.50 | 1.93 | 2.49 | 2.75 | 2.49 | 2.72 | 2.52 | 2.69 | 3.37 | 3.66 |
| Net Debt / Equity | — | 0.02 | 0.21 | 0.44 | 0.49 | 0.36 | 0.42 | 0.46 | 0.17 | 0.24 | 0.69 |
| Net Debt / EBITDA | 0.07 | 0.07 | 0.68 | 1.64 | 1.90 | 1.30 | 1.52 | 1.52 | 0.59 | 0.83 | 2.19 |
| Debt / FCF | — | 0.12 | 0.88 | 5.08 | — | 2.64 | 3.66 | 45.69 | 1.27 | — | 2.55 |
| Interest Coverage | 13.04 | 13.04 | 8.55 | 6.87 | 6.55 | 4.94 | 4.49 | 4.48 | 4.72 | 4.52 | 3.81 |
MWA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Mueller Water Products, Inc.'s current ratio of 3.54x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.41x 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 3.23x to 3.54x 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 | 3.54 | 3.54 | 3.33 | 3.23 | 2.82 | 2.97 | 3.75 | 3.18 | 4.10 | 4.73 | 3.30 |
| Quick Ratio | 2.41 | 2.41 | 2.12 | 1.83 | 1.65 | 2.12 | 2.68 | 2.10 | 3.17 | 3.75 | 2.14 |
| Cash Ratio | 1.49 | 1.49 | 1.20 | 0.73 | 0.61 | 1.03 | 1.35 | 0.99 | 2.08 | 2.55 | 1.05 |
| Asset Turnover | — | 0.78 | 0.80 | 0.85 | 0.83 | 0.73 | 0.69 | 0.72 | 0.71 | 0.66 | 0.63 |
| Inventory Turnover | 2.78 | 2.78 | 2.75 | 2.93 | 3.14 | 4.01 | 3.83 | 3.38 | 4.00 | 4.02 | 2.49 |
| Days Sales Outstanding | — | 63.29 | 59.83 | 63.46 | 68.09 | 73.56 | 73.75 | 67.53 | 65.47 | 64.21 | 85.12 |
MWA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mueller Water Products, Inc. returns 1.4% to shareholders annually — split between a 1.0% dividend yield and 0.4% buyback yield. The payout ratio of 21.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.7% (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 | 1.0% | 1.0% | 1.2% | 1.9% | 2.2% | 1.4% | 2.0% | 1.8% | 1.6% | 1.2% | 0.8% |
| Payout Ratio | 21.9% | 21.9% | 34.4% | 44.6% | 47.7% | 49.4% | 46.0% | 50.2% | 28.5% | 19.5% | 25.2% |
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 | 4.7% | 4.8% | 3.4% | 4.3% | 4.7% | 2.9% | 4.3% | 3.6% | 5.7% | 5.9% | 3.1% |
| FCF Yield | 4.2% | 4.3% | 5.6% | 3.1% | — | 3.9% | 4.4% | 0.3% | 4.2% | — | 5.5% |
| Buyback Yield | 0.4% | 0.4% | 0.3% | 0.5% | 2.2% | 0.4% | 0.3% | 0.6% | 1.7% | 2.8% | 0.2% |
| Total Shareholder Yield | 1.4% | 1.4% | 1.5% | 2.4% | 4.4% | 1.8% | 2.3% | 2.4% | 3.4% | 3.9% | 0.9% |
| Shares Outstanding | — | $158M | $157M | $157M | $158M | $159M | $159M | $159M | $160M | $162M | $163M |
Peer Comparison
Compare MWA 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 |
|---|---|---|---|---|---|---|---|---|---|
 MWAYou | $4B | 21.4 | 13.7 | 23.8 | 36.1% | 18.2% | 21.4% | 19.7% | 1.5 |
 NWN | $2B | 17.7 | 7.8 | — | 39.6% | 31.4% | 7.9% | 8.1% | 4.5 |
 AWK | $24B | 21.9 | 14.5 | — | 43.3% | 36.6% | 10.5% | 5.5% | 5.7 |
 FELE | $5B | 32.1 | 14.4 | 23.8 | 35.5% | 12.7% | 11.3% | 14.7% | 0.8 |
 GFF | $4B | 83.6 | 21.1 | 13.8 | 42.0% | 8.2% | 34.2% | 9.1% | 5.9 |
 VMI | $11B | 34.0 | 19.7 | 35.8 | 30.2% | 12.7% | 21.6% | 16.3% | 1.7 |
 ATKR | $3B | -180.4 | 8.0 | 9.3 | 22.2% | 8.3% | -1.0% | 9.0% | 2.3 |
 NVT | $29B | 41.1 | 36.3 | 77.0 | 37.7% | 15.8% | 20.4% | 8.9% | 1.9 |
 PRIM | $5B | 20.2 | 12.3 | 16.1 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 ITRI | $4B | 12.4 | 10.4 | 9.4 | 37.5% | 13.5% | 19.1% | 13.1% | 3.5 |
 AWR | $3B | 22.9 | 15.7 | — | 50.8% | 30.9% | 13.3% | 8.0% | 3.7 |
| Industrials Median | — | 25.6 | 13.9 | 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 · 20 years · Updated daily
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MWA — Frequently Asked Questions
Quick answers to the most common questions about buying MWA stock.
What is Mueller Water Products, Inc.'s P/E ratio?
Mueller Water Products, Inc.'s current P/E ratio is 21.4x. The historical average is 26.5x. This places it at the 27th percentile of its historical range.
What is Mueller Water Products, Inc.'s EV/EBITDA?
Mueller Water Products, Inc.'s current EV/EBITDA is 13.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.8x.
What is Mueller Water Products, Inc.'s ROE?
Mueller Water Products, Inc.'s return on equity (ROE) is 21.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 1.8%.
Is MWA stock overvalued?
Based on historical data, Mueller Water Products, Inc. is trading at a P/E of 21.4x. This is at the 27th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Mueller Water Products, Inc.'s dividend yield?
Mueller Water Products, Inc.'s current dividend yield is 1.02% with a payout ratio of 21.9%.
What are Mueller Water Products, Inc.'s profit margins?
Mueller Water Products, Inc. has 36.1% gross margin and 18.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Mueller Water Products, Inc. have?
Mueller Water Products, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.