Latest Ratios: P/E Ratio 27.5x · EV/EBITDA 11.3x · ROE 6.9%. (1996–2025 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 | $674M | $293M | $348M | $337M | $149M | $260M | $373M | $417M | $384M | $574M | $524M |
| Enterprise Value | $1.3B | $919M | $962M | $970M | $812M | $855M | $917M | $988M | $894M | $1.0B | $929M |
| P/E Ratio → | 27.54 | 12.32 | 8.24 | 43.48 | 13.15 | — | — | 10.79 | 7.15 | 19.98 | 16.51 |
| P/S Ratio | 0.42 | 0.18 | 0.21 | 0.20 | 0.10 | 0.20 | 0.32 | 0.26 | 0.23 | 0.41 | 0.41 |
| P/B Ratio | 1.70 | 0.76 | 1.03 | 1.16 | 0.56 | 0.80 | 1.04 | 1.19 | 1.23 | 1.99 | 2.22 |
| P/FCF | 673.98 | 293.16 | — | 15.13 | — | — | 8.67 | 17.65 | 39.58 | 30.55 | 11.80 |
| P/OCF | 16.32 | 7.10 | 11.67 | 6.68 | — | — | 5.38 | 6.54 | 7.01 | 12.30 | 7.19 |
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 | — | 0.57 | 0.58 | 0.58 | 0.54 | 0.67 | 0.80 | 0.61 | 0.54 | 0.73 | 0.73 |
| EV / EBITDA | 11.34 | 8.02 | 8.00 | 8.38 | 12.76 | 18.16 | 19.63 | 8.42 | 6.69 | 8.42 | 9.42 |
| EV / EBIT | 15.93 | 12.88 | 10.48 | 11.20 | 18.24 | 32.90 | 35.53 | 11.14 | 8.42 | 12.94 | 13.43 |
| EV / FCF | — | 918.66 | — | 43.51 | — | — | 21.32 | 41.87 | 92.12 | 54.51 | 20.93 |
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 | 17.0% | 17.0% | 17.0% | 16.4% | 14.1% | 13.9% | 14.3% | 16.1% | 16.4% | 16.6% | 15.9% |
| Operating Margin | 5.1% | 5.1% | 5.2% | 5.1% | 2.2% | 1.3% | 1.6% | 5.1% | 5.9% | 6.4% | 5.4% |
| Net Profit Margin | 1.6% | 1.6% | 1.9% | 0.5% | -1.0% | -1.9% | -0.4% | 2.4% | 3.2% | 2.0% | 2.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.9% | 6.9% | 10.1% | 2.8% | -4.8% | -7.3% | -1.3% | 11.7% | 17.8% | 10.9% | 14.1% |
| ROA | 1.8% | 1.8% | 2.4% | 0.6% | -1.0% | -1.9% | -0.3% | 3.1% | 4.6% | 2.7% | 3.3% |
| ROIC | 6.2% | 6.2% | 6.9% | 6.8% | 2.7% | 1.3% | 1.5% | 7.1% | 9.4% | 9.8% | 8.4% |
| ROCE | 7.9% | 7.9% | 8.7% | 8.6% | 3.3% | 1.6% | 1.9% | 8.7% | 11.0% | 11.4% | 9.5% |
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 | 1.74 | 1.74 | 1.98 | 2.37 | 2.69 | 2.00 | 1.67 | 1.79 | 1.81 | 1.85 | 1.99 |
| Debt / EBITDA | 5.85 | 5.85 | 5.55 | 5.94 | 11.33 | 13.79 | 12.83 | 5.35 | 4.23 | 4.38 | 4.76 |
| Net Debt / Equity | — | 1.63 | 1.82 | 2.18 | 2.47 | 1.83 | 1.52 | 1.63 | 1.63 | 1.56 | 1.72 |
| Net Debt / EBITDA | 5.46 | 5.46 | 5.11 | 5.47 | 10.42 | 12.65 | 11.65 | 4.87 | 3.82 | 3.70 | 4.11 |
| Debt / FCF | — | 625.50 | — | 28.39 | — | — | 12.65 | 24.22 | 52.55 | 23.96 | 9.13 |
| Interest Coverage | 1.50 | 1.50 | 1.94 | 1.92 | 1.32 | 0.96 | 0.93 | 2.62 | 3.09 | 2.51 | 2.45 |
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 | 2.33 | 2.33 | 2.32 | 2.27 | 2.08 | 2.22 | 2.30 | 2.38 | 2.41 | 2.43 | 2.28 |
| Quick Ratio | 1.18 | 1.18 | 1.14 | 1.14 | 1.17 | 1.21 | 1.29 | 1.31 | 1.35 | 1.40 | 1.29 |
| Cash Ratio | 0.12 | 0.12 | 0.15 | 0.15 | 0.13 | 0.16 | 0.18 | 0.18 | 0.19 | 0.30 | 0.27 |
| Asset Turnover | — | 1.13 | 1.21 | 1.24 | 1.04 | 0.94 | 0.89 | 1.23 | 1.37 | 1.25 | 1.31 |
| Inventory Turnover | 3.15 | 3.15 | 3.25 | 3.38 | 3.15 | 3.12 | 3.17 | 4.15 | 4.36 | 4.17 | 4.46 |
| Days Sales Outstanding | — | 60.49 | 54.99 | 57.90 | 66.33 | 79.63 | 96.63 | 72.85 | 72.80 | 74.17 | 55.57 |
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 | 1.2% | 2.7% | 1.9% | 2.2% | 4.3% | 2.7% | 0.9% | 1.7% | 1.7% | 1.2% | 1.2% |
| Payout Ratio | 31.5% | 31.5% | 21.1% | 94.9% | — | — | — | 18.1% | 11.9% | 24.1% | 19.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.6% | 8.1% | 12.1% | 2.3% | 7.6% | — | — | 9.3% | 14.0% | 5.0% | 6.1% |
| FCF Yield | 0.1% | 0.3% | — | 6.6% | — | — | 11.5% | 5.7% | 2.5% | 3.3% | 8.5% |
| Buyback Yield | 0.0% | 0.0% | 0.7% | 0.0% | 1.1% | 1.0% | 2.0% | 0.2% | 2.3% | 0.7% | 0.4% |
| Total Shareholder Yield | 1.2% | 2.7% | 2.7% | 2.2% | 5.4% | 3.7% | 2.9% | 1.9% | 4.0% | 1.9% | 1.5% |
| Shares Outstanding | — | $14M | $13M | $13M | $12M | $12M | $12M | $12M | $13M | $13M | $12M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying PKOH stock.
Park-Ohio Holdings Corp.'s current P/E ratio is 27.5x. The historical average is 17.2x. This places it at the 91th percentile of its historical range.
Park-Ohio Holdings Corp.'s current EV/EBITDA is 11.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
Park-Ohio Holdings Corp.'s return on equity (ROE) is 6.9%. The historical average is 5.1%.
Based on historical data, Park-Ohio Holdings Corp. is trading at a P/E of 27.5x. This is at the 91th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Park-Ohio Holdings Corp.'s current dividend yield is 1.19% with a payout ratio of 31.5%.
Park-Ohio Holdings Corp. has 17.0% gross margin and 5.1% operating margin.
Park-Ohio Holdings Corp.'s Debt/EBITDA ratio is 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
High leverage constrains financial flexibility
Metrics are mathematically derived from official filings.
Valuation Discount Reflects Cyclical Risk
Park-Ohio's forward P/E of 14.02 and EV/EBITDA of 9.36 appear discounted relative to peers like ESAB (Fwd EV/EBITDA 10.25) and Grainger (Fwd EV/EBITDA 21.82), suggesting the market is pricing in significant cyclical risk and limited margin expansion potential.
The current P/E of 26.92 is elevated due to a low earnings base, but the forward P/E of 14.02 implies the market expects a substantial earnings recovery. However, this multiple remains below the peer median, indicating skepticism about the sustainability of the recent revenue acceleration. The P/S ratio of 0.41 is exceptionally low for an industrial company, which may reflect the market's view that Park-Ohio's thin margins make revenue growth less valuable than for higher-margin peers.
Thin Margins Limit Earning Power
Park-Ohio's operating margin of 5.6% in 2026Q2, while improved, remains structurally compressed compared to peers like ESAB (8.0%) and Grainger (9.5%), indicating limited pricing power and a business model that struggles to convert revenue into profit.
The gross margin expansion to 17.9% is a positive trend, but it is offset by a high SG&A burden, resulting in an operating margin that is roughly half that of key competitors. This structural margin deficit means the company's profitability is highly sensitive to volume changes and cost inflation. The net margin of 2.7% is further eroded by interest expense, a direct consequence of the company's leveraged capital structure.
Returns on Capital Remain Subpar
Park-Ohio's ROIC of 1.8% in 2026Q2, while trending up from 1.1% in 2024Q4, remains significantly below its estimated cost of capital, suggesting the company is not generating sufficient returns to justify its invested capital base.
The ROIC trend shows improvement, but the absolute level is critically low. This indicates that the company's asset base and working capital are not being deployed efficiently to generate profits. The ROE of 3.1% is similarly weak and is artificially inflated by the high leverage (D/E of 1.79), masking the poor underlying return on assets (ROA of 0.8%). The primary driver of the low ROIC appears to be the combination of thin operating margins and a capital-intensive working capital cycle.
Working Capital Cycle Drains Cash
Park-Ohio's cash conversion cycle of 114 days in 2026Q2, driven by a high days inventory outstanding of 108, indicates significant capital is tied up in inventory, which may signal inefficiencies or demand forecasting challenges.
The CCC has improved from a peak of 128 days in 2025Q3, but remains lengthy. The high DIO suggests the company holds substantial inventory, which could be a risk if demand softens or product obsolescence occurs. The DSO of 59 days is reasonable, but the DPO of 52 days indicates the company is not effectively using supplier credit to finance its operations. This inefficient working capital cycle is a key reason for the negative free cash flow observed in most quarters.
Leverage Easing but Still Elevated
Despite improving from a D/E of 2.40 in 2024Q1 to 1.79 in 2026Q2, Park-Ohio's leverage remains high, and the interest coverage ratio of 2.17x suggests debt service consumes a significant portion of operating income.
The deleveraging trend is positive and appears driven by retained earnings accumulation rather than debt paydown. However, the current D/E ratio is still well above the peer median (e.g., ESAB at 0.65, Grainger at 0.76). The interest coverage ratio, while improved, remains below 3.0x, which is a threshold often considered comfortable for industrial companies. This level of leverage constrains financial flexibility and increases vulnerability to economic downturns or rising interest rates.
The Misleading Current Ratio
Park-Ohio's current ratio of 2.40 is the ratio most commonly misapplied to this business model, as it overstates liquidity by including volatile working capital components like inventory that may not be readily convertible to cash.
The headline current ratio suggests a strong liquidity position, but this is misleading for a company with a 108-day inventory cycle and a history of massive quarterly working capital swings. The quick ratio of 1.26 provides a more accurate picture, but even this may be optimistic given the quality of receivables. Analysts should focus on the cash conversion cycle and absolute cash levels ($48.3M) rather than the current ratio to assess true liquidity risk.