O-I Glass, Inc. (OI) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Packaging & Containers
EV/EBITDA
↓
5.01
↓-15% vs avg
5yr avg: 5.88
30Y Low0.9·High26.9
P/FCF
↑
8.21
↓-38% vs avg
5yr avg: 13.22
30Y Low6.7·High57.6
P/B Ratio
↓
0.96
↓-44% vs avg
5yr avg: 1.69
30Y Low0.4·High6.0
ROE
↓
-9.7%
↑-196% vs avg
5yr avg: 10.1%
30Y Low-67%·High89%
Debt/EBITDA
↓
4.46
↓-2% vs avg
5yr avg: 4.57
30Y Low0.7·High17.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
O-I Glass, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 8.2x P/FCF, 38% below the 5-year average of 13.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $2.3B | $1.7B | $2.5B | $2.6B | $1.9B | $1.9B | $1.9B | $2.8B | $3.7B | $2.8B |
| Enterprise Value | $5.6B | $6.5B | $6.1B | $6.6B | $6.6B | $6.0B | $6.5B | $6.9B | $7.6B | $8.4B | $7.7B |
| P/E Ratio → | -10.71 | — | — | — | 4.51 | 12.94 | 7.58 | — | 10.84 | 20.15 | 13.60 |
| P/S Ratio | 0.21 | 0.35 | 0.26 | 0.36 | 0.38 | 0.30 | 0.31 | 0.28 | 0.41 | 0.53 | 0.42 |
| P/B Ratio | 0.96 | 1.57 | 1.39 | 1.45 | 1.72 | 2.33 | 4.71 | 3.28 | 2.76 | 3.49 | 6.01 |
| P/FCF | 8.21 | 13.49 | — | 19.49 | — | 6.67 | 12.94 | — | 10.96 | 13.04 | 9.54 |
| P/OCF | 2.30 | 3.78 | 3.43 | 3.10 | 17.11 | 2.81 | 4.13 | 4.57 | 3.53 | 5.06 | 3.77 |
P/E links to full P/E history page with 30-year chart
OI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
O-I Glass, Inc.'s enterprise value stands at 5.0x EBITDA, 15% below its 5-year average of 5.9x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 56% discount 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 | — | 1.01 | 0.94 | 0.92 | 0.96 | 0.95 | 1.06 | 1.03 | 1.11 | 1.23 | 1.14 |
| EV / EBITDA | 5.01 | 5.80 | 6.08 | 5.07 | 6.33 | 6.10 | 5.96 | 6.20 | 6.63 | 8.70 | 7.43 |
| EV / EBIT | 8.88 | 22.28 | 16.41 | 16.05 | 6.30 | 11.00 | 10.47 | 137.20 | 14.17 | 15.55 | 12.21 |
| EV / FCF | — | 38.73 | — | 50.51 | — | 20.86 | 44.31 | — | 29.90 | 30.15 | 25.83 |
OI Profitability
Margins and return-on-capital ratios measuring operating efficiency
O-I Glass, Inc. earns an operating margin of 9.9%, above the Consumer Cyclical sector average of 2.9%. Operating margins have compressed from 11.4% to 9.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -9.7% indicates the company is currently destroying shareholder equity. ROIC of 8.4% represents adequate 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 | 17.3% | 17.3% | 16.0% | 21.1% | 17.7% | 17.2% | 16.0% | 17.5% | 18.7% | 16.5% | 18.1% |
| Operating Margin | 9.9% | 9.9% | 8.0% | 11.4% | 8.5% | 8.5% | — | 9.9% | 10.3% | 7.7% | 9.0% |
| Net Profit Margin | -2.0% | -2.0% | -1.6% | -1.4% | 8.5% | 2.3% | 4.1% | -6.0% | 3.7% | 2.6% | 3.1% |
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 | -9.7% | -9.7% | -7.2% | -6.3% | 49.6% | 24.3% | 51.6% | -50.7% | 25.0% | 23.7% | 36.2% |
| ROA | -1.4% | -1.4% | -1.2% | -1.1% | 6.5% | 1.7% | 2.7% | -4.1% | 2.6% | 1.9% | 2.3% |
| ROIC | 8.4% | 8.4% | 6.8% | 10.8% | 8.4% | 8.2% | — | 8.7% | 9.1% | 7.1% | 8.1% |
| ROCE | 9.3% | 9.3% | 7.5% | 11.6% | 8.5% | 7.7% | — | 8.8% | 9.5% | 7.3% | 8.4% |
OI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
O-I Glass, Inc. carries a Debt/EBITDA ratio of 4.5x, which is highly leveraged (roughly in line with the sector average of 4.4x). Net debt stands at $4.2B ($5.0B total debt minus $759M cash). Interest coverage of just 0.9x 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 | 3.46 | 3.46 | 4.30 | 2.84 | 3.09 | 5.83 | 12.82 | 9.86 | 5.27 | 5.05 | 11.29 |
| Debt / EBITDA | 4.46 | 4.46 | 5.15 | 3.82 | 4.54 | 4.88 | 4.73 | 5.02 | 4.65 | 5.45 | 5.16 |
| Net Debt / Equity | — | 2.93 | 3.69 | 2.31 | 2.58 | 4.96 | 11.42 | 8.88 | 4.76 | 4.58 | 10.25 |
| Net Debt / EBITDA | 3.78 | 3.78 | 4.42 | 3.11 | 3.79 | 4.15 | 4.22 | 4.52 | 4.20 | 4.94 | 4.69 |
| Debt / FCF | — | 25.24 | — | 31.02 | — | 14.19 | 31.36 | — | 18.94 | 17.11 | 16.28 |
| Interest Coverage | 0.86 | 0.86 | 1.11 | 1.20 | 4.37 | 2.54 | 2.33 | 0.16 | 2.06 | 2.03 | 2.31 |
OI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.25x means O-I Glass, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.77x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.25 | 1.25 | 1.15 | 1.23 | 1.10 | 1.36 | 1.21 | 1.25 | 1.07 | 1.06 | 1.09 |
| Quick Ratio | 0.77 | 0.77 | 0.70 | 0.77 | 0.74 | 0.92 | 0.77 | 0.72 | 0.61 | 0.61 | 0.62 |
| Cash Ratio | 0.36 | 0.36 | 0.34 | 0.39 | 0.33 | 0.39 | 0.30 | 0.28 | 0.23 | 0.22 | 0.24 |
| Asset Turnover | — | 0.70 | 0.75 | 0.73 | 0.76 | 0.72 | 0.69 | 0.70 | 0.71 | 0.70 | 0.73 |
| Inventory Turnover | 5.31 | 5.31 | 5.70 | 5.24 | 6.65 | 6.45 | 6.09 | 5.29 | 5.50 | 5.54 | 5.58 |
| Days Sales Outstanding | — | 34.14 | 31.97 | 34.47 | 40.46 | 39.73 | 37.33 | 33.88 | 29.14 | 35.23 | 31.59 |
OI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
O-I Glass, Inc. returns 2.9% to shareholders annually primarily through share buybacks.
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 | — | — | — | — | — | — | 0.4% | 1.7% | — | — | — |
| Payout Ratio | — | — | — | — | — | — | 3.2% | — | — | — | — |
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 | — | — | — | — | 22.1% | 7.7% | 13.2% | — | 9.2% | 5.0% | 7.4% |
| FCF Yield | 12.2% | 7.4% | — | 5.1% | — | 15.0% | 7.7% | — | 9.1% | 7.7% | 10.5% |
| Buyback Yield | 2.9% | 1.8% | 2.4% | 1.6% | 1.5% | 2.1% | 0.2% | 2.3% | 5.8% | 0.1% | 0.0% |
| Total Shareholder Yield | 2.9% | 1.8% | 2.4% | 1.6% | 1.5% | 2.1% | 0.6% | 3.9% | 5.8% | 0.1% | 0.0% |
| Shares Outstanding | — | $154M | $155M | $155M | $159M | $160M | $159M | $155M | $162M | $165M | $163M |
Peer Comparison
Compare OI 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 |
|---|---|---|---|---|---|---|---|---|---|
 OIYou | $1B | -10.7 | 5.0 | 8.2 | 17.3% | 9.9% | -9.7% | 8.4% | 4.5 |
 AMBP | $2B | -214.9 | 8.5 | 8.9 | 10.2% | 5.0% | — | 6.5% | 6.0 |
 SEE | $6B | 12.3 | 14.3 | 13.5 | 29.8% | 13.5% | 54.3% | 11.2% | 5.9 |
 SLGN | $4B | 14.9 | 8.0 | 10.1 | 17.7% | 10.2% | 13.5% | 8.7% | 4.7 |
 ATR | $8B | 21.3 | 11.5 | 26.9 | 29.6% | 13.6% | 15.1% | 10.7% | 1.9 |
 CCK | $11B | 15.8 | 8.0 | 10.3 | 18.3% | 13.2% | 21.9% | 14.1% | 3.0 |
 SON | $5B | 13.0 | 7.8 | 13.0 | 20.9% | 9.5% | 13.4% | 6.2% | 3.9 |
 PKG | $20B | 26.0 | 12.5 | 27.4 | 21.0% | 14.0% | 17.1% | 12.6% | 2.3 |
 IP | $18B | -4.9 | 1294.0 | — | 29.5% | -11.3% | -30.6% | -11.3% | 514.4 |
 GPK | $3B | 7.5 | 6.1 | — | 18.7% | 10.1% | 14.0% | 7.7% | 4.0 |
 NEM | $126B | 17.7 | 9.0 | 17.2 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
See OI's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs OI Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare OI vs AMBP
Side-by-side business, growth, and profitability comparison vs Ardagh Metal Packaging S.A..
Start ComparisonOI — Frequently Asked Questions
Quick answers to the most common questions about buying OI stock.
What is O-I Glass, Inc.'s P/E ratio?
O-I Glass, Inc.'s current P/E ratio is -10.7x. The historical average is 18.9x.
What is O-I Glass, Inc.'s EV/EBITDA?
O-I Glass, Inc.'s current EV/EBITDA is 5.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.0x.
What is O-I Glass, Inc.'s ROE?
O-I Glass, Inc.'s return on equity (ROE) is -9.7%. The historical average is 6.2%.
Is OI stock overvalued?
Based on historical data, O-I Glass, Inc. is trading at a P/E of -10.7x. Compare with industry peers and growth rates for a complete picture.
What are O-I Glass, Inc.'s profit margins?
O-I Glass, Inc. has 17.3% gross margin and 9.9% operating margin.
How much debt does O-I Glass, Inc. have?
O-I Glass, Inc.'s Debt/EBITDA ratio is 4.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.