Latest Ratios: P/E Ratio 195.0x · EV/EBITDA 31.9x · ROE 2.7%. (2001–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.9B | $4.5B | $3.6B | $3.3B | $2.3B | $2.3B | $1.5B | $1.4B | $1.3B | $2.0B | $1.5B |
| Enterprise Value | $8.4B | $5.1B | $4.1B | $3.6B | $2.7B | $3.1B | $1.8B | $1.9B | $1.6B | $2.5B | $2.1B |
| P/E Ratio → | 195.03 | 112.11 | 49.99 | 149.28 | 11.06 | 12.90 | 8.41 | 36.15 | 50.93 | 3.78 | — |
| P/S Ratio | 6.88 | 3.93 | 3.47 | 3.11 | 2.07 | 2.72 | 1.94 | 1.15 | 0.82 | 1.56 | 1.23 |
| P/B Ratio | 5.07 | 2.91 | 2.55 | 2.31 | 1.61 | 1.73 | 1.37 | 1.52 | 1.46 | 2.26 | 4.06 |
| P/FCF | 49.43 | 28.25 | 27.99 | 18.93 | 23.27 | 18.03 | 41.62 | 7.48 | 7.83 | 1072.90 | 59.15 |
| P/OCF | 39.11 | 22.35 | 22.34 | 15.84 | 17.83 | 16.13 | 30.60 | 6.70 | 5.55 | 43.75 | 22.56 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.42 | 3.91 | 3.38 | 2.49 | 3.67 | 2.28 | 1.58 | 1.04 | 1.88 | 1.76 |
| EV / EBITDA | 31.86 | 19.10 | 16.89 | 20.89 | 15.61 | 23.89 | 21.24 | 15.33 | 8.95 | 14.96 | 39.90 |
| EV / EBIT | 52.12 | 55.13 | 30.28 | 43.27 | 42.83 | 37.55 | — | 79.85 | 36.50 | 3.93 | — |
| EV / FCF | — | 31.72 | 31.52 | 20.58 | 28.04 | 24.31 | 48.93 | 10.26 | 9.92 | 1298.80 | 84.98 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 42.6% | 42.6% | 42.4% | 40.3% | 38.5% | 39.0% | 35.7% | 33.5% | 31.3% | 33.9% | 33.2% |
| Operating Margin | 14.1% | 14.1% | 13.6% | 7.3% | 6.6% | 7.8% | 3.6% | 4.7% | 7.7% | 7.7% | -0.4% |
| Net Profit Margin | 3.5% | 3.5% | 7.0% | 2.1% | 18.7% | 21.2% | 22.2% | 3.2% | 1.6% | 41.2% | -3.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.7% | 2.7% | 5.1% | 1.6% | 15.0% | 14.5% | 17.4% | 4.3% | 2.8% | 85.6% | -9.8% |
| ROA | 1.6% | 1.6% | 2.9% | 0.9% | 7.3% | 7.0% | 8.6% | 2.0% | 1.4% | 31.5% | -2.6% |
| ROIC | 6.1% | 6.1% | 5.9% | 3.2% | 2.7% | 2.8% | 1.5% | 3.2% | 7.0% | 6.5% | -0.3% |
| ROCE | 6.8% | 6.8% | 6.2% | 3.2% | 2.9% | 2.9% | 1.6% | 3.6% | 7.7% | 7.1% | -0.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.43 | 0.43 | 0.49 | 0.46 | 0.57 | 0.86 | 0.44 | 0.70 | 0.54 | 0.69 | 2.08 |
| Debt / EBITDA | 2.53 | 2.53 | 2.86 | 3.83 | 4.56 | 8.79 | 5.85 | 5.13 | 2.61 | 3.75 | 14.26 |
| Net Debt / Equity | — | 0.36 | 0.32 | 0.20 | 0.33 | 0.60 | 0.24 | 0.57 | 0.39 | 0.48 | 1.77 |
| Net Debt / EBITDA | 2.09 | 2.09 | 1.89 | 1.68 | 2.66 | 6.17 | 3.17 | 4.16 | 1.89 | 2.60 | 12.13 |
| Debt / FCF | — | 3.48 | 3.53 | 1.65 | 4.77 | 6.28 | 7.31 | 2.78 | 2.09 | 225.89 | 25.84 |
| Interest Coverage | 2.69 | 2.69 | 3.31 | 1.84 | 1.79 | 5.07 | -0.42 | 1.22 | 1.53 | 12.35 | -0.23 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.32 | 2.32 | 2.59 | 3.31 | 3.23 | 2.08 | 2.87 | 2.39 | 2.55 | 3.06 | 1.73 |
| Quick Ratio | 1.50 | 1.50 | 1.89 | 2.59 | 2.52 | 1.73 | 2.18 | 1.89 | 1.74 | 2.30 | 1.15 |
| Cash Ratio | 0.61 | 0.61 | 1.19 | 1.88 | 1.58 | 0.88 | 1.14 | 0.39 | 0.45 | 0.71 | 0.37 |
| Asset Turnover | — | 0.43 | 0.42 | 0.42 | 0.42 | 0.28 | 0.38 | 0.59 | 0.89 | 0.69 | 0.77 |
| Inventory Turnover | 4.26 | 4.26 | 4.35 | 4.44 | 4.45 | 3.77 | 3.70 | 5.10 | 4.52 | 4.24 | 4.52 |
| Days Sales Outstanding | — | 42.81 | 40.34 | 40.21 | 45.53 | 62.98 | 87.97 | 57.37 | 39.00 | 104.49 | 63.95 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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% | 0.6% | 0.7% | 0.7% | 1.0% | 1.0% | 1.4% | 1.5% | 1.6% | 0.9% | 1.2% |
| Payout Ratio | 64.7% | 64.7% | 34.7% | 109.5% | 11.4% | 12.6% | 12.2% | 54.6% | 82.5% | 3.5% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.5% | 0.9% | 2.0% | 0.7% | 9.0% | 7.7% | 11.9% | 2.8% | 2.0% | 26.5% | — |
| FCF Yield | 2.0% | 3.5% | 3.6% | 5.3% | 4.3% | 5.5% | 2.4% | 13.4% | 12.8% | 0.1% | 1.7% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 1.1% | 4.0% | 0.6% | 2.1% |
| Total Shareholder Yield | 0.3% | 0.6% | 0.7% | 0.7% | 1.0% | 1.0% | 1.7% | 2.6% | 5.6% | 1.5% | 3.3% |
| Shares Outstanding | — | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $22M | $22M |
Semiconductor WFE cyclicality
Based on reported figures, EnPro's forward P/E of 41.18 suggests that investors are pricing the company as a high-growth technology service provider rather than a traditional industrial entity, though this valuation remains sensitive to the successful integration of recent acquisitions within the Advanced Surface Technologies segment.
The current P/S ratio of 7.01 and EV/EBITDA of 32.40 indicate that the market is assigning a premium to the company's pivot toward semiconductor-adjacent services. Investors should monitor whether this valuation multiple can be sustained if organic growth rates fail to outpace the broader industrial sector, as the current pricing implies significant future margin expansion.
As reported in financial statements, EnPro's ROIC has remained in a narrow range between 0.9% and 1.9% over the last ten quarters, suggesting that the aggressive acquisition strategy has yet to yield a meaningful improvement in the company's underlying return on invested capital.
The persistent gap between gross margins and ROIC highlights the dilutive impact of significant goodwill and intangible assets on the capital base. This trend warrants further investigation into whether the company's recent portfolio pruning will eventually drive a structural improvement in capital efficiency as the AST segment matures.
According to recent SEC filings, EnPro's cash conversion cycle has fluctuated between 86 and 98 days, reflecting the inherent complexity of managing inventory and receivables across diverse industrial and semiconductor service end-markets, which complicates the company's ability to optimize its short-term liquidity position.
The DIO trend, which peaked at 88 days in 2024Q3, suggests that inventory management remains a critical lever for operational efficiency. Investors should monitor whether the company can reduce these cycles as it shifts further toward a service-heavy model, which typically requires lower inventory intensity than traditional manufacturing.
Based on an analysis of the provided financial data, the P/E ratio is a fundamentally misapplied metric for EnPro, as it fails to account for the significant non-cash amortization charges resulting from the company's recent M&A activity in the Advanced Surface Technologies segment.
Using GAAP net income to evaluate this business model obscures the true cash-generating power of the underlying assets. Analysts should prioritize Adjusted EBITDA or Free Cash Flow metrics to better assess the company's operational health and its ability to fund future growth without relying on external financing.
Includes 30+ ratios · 25 years · Updated daily
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Quick answers to the most common questions about buying NPO stock.
EnPro Industries, Inc.'s current P/E ratio is 195.0x. The historical average is 34.9x. This places it at the 100th percentile of its historical range.
EnPro Industries, Inc.'s current EV/EBITDA is 31.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.6x.
EnPro Industries, Inc.'s return on equity (ROE) is 2.7%. The historical average is 8.4%.
Based on historical data, EnPro Industries, Inc. is trading at a P/E of 195.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
EnPro Industries, Inc.'s current dividend yield is 0.33% with a payout ratio of 64.7%.
EnPro Industries, Inc. has 42.6% gross margin and 14.1% operating margin. Operating margin between 10-20% is typical for established companies.
EnPro Industries, Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.