3 years of historical data (2023–2025) · Technology · Semiconductors
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Qnity Electronics, Inc. trades at 51.2x earnings, 107% above its 5-year average of 24.7x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 77%. On a free-cash-flow basis, the stock trades at 35.8x P/FCF, 107% above the 5-year average of 17.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Market Cap | $35.4B | $17.1B | — | — |
| Enterprise Value | $39.4B | $21.2B | — | — |
| P/E Ratio → | 51.21 | 24.74 | — | — |
| P/S Ratio | 7.44 | 3.60 | — | — |
| P/B Ratio | 4.81 | 2.32 | — | — |
| P/FCF | 35.80 | 17.31 | — | — |
| P/OCF | 27.79 | 13.44 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Qnity Electronics, Inc.'s enterprise value stands at 28.4x EBITDA, 86% above its 5-year average of 15.2x. The Technology sector median is 16.7x, placing the stock at a 70% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| EV / Revenue | — | 4.45 | — | — |
| EV / EBITDA | 28.37 | 15.23 | — | — |
| EV / EBIT | 38.89 | 20.88 | — | — |
| EV / FCF | — | 21.43 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Qnity Electronics, Inc. earns an operating margin of 21.3%. Operating margins have expanded from 16.3% to 21.3% over the past 3 years, signaling improving operational efficiency. ROE of 7.6% is modest. ROIC of 6.8% represents adequate returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | 41.8% | 41.8% | 46.1% | 43.5% |
| Operating Margin | 21.3% | 21.3% | 19.5% | 16.3% |
| Net Profit Margin | 14.6% | 14.6% | 16.0% | 12.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | 7.6% | 7.6% | 6.3% | 4.5% |
| ROA | 5.3% | 5.3% | 5.6% | 4.1% |
| ROIC | 6.8% | 6.8% | 5.7% | 4.4% |
| ROCE | 8.4% | 8.4% | 7.3% | 5.5% |
Solvency and debt-coverage ratios — lower is generally safer
Qnity Electronics, Inc. carries a Debt/EBITDA ratio of 3.6x, which is moderately leveraged (22% above the sector average of 2.9x). Net debt stands at $4.1B ($5.0B total debt minus $915M cash). Interest coverage of 15.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.68 | 0.68 | 0.02 | 0.02 |
| Debt / EBITDA | 3.58 | 3.58 | 0.15 | 0.21 |
| Net Debt / Equity | — | 0.55 | 0.00 | 0.01 |
| Net Debt / EBITDA | 2.92 | 2.92 | 0.02 | 0.08 |
| Debt / FCF | — | 4.11 | 0.03 | 0.13 |
| Interest Coverage | 15.60 | 15.60 | 3.21 | — |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.95x means Qnity Electronics, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.46x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.01x to 1.95x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 1.95 | 1.95 | 1.77 | 2.01 |
| Quick Ratio | 1.46 | 1.46 | 1.06 | 1.23 |
| Cash Ratio | 0.67 | 0.67 | 0.20 | 0.21 |
| Asset Turnover | — | 0.34 | 0.35 | 0.32 |
| Inventory Turnover | 4.18 | 4.18 | 3.91 | 4.27 |
| Days Sales Outstanding | — | 76.16 | 57.42 | 59.43 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Qnity Electronics, Inc. returns 0.0% to shareholders annually primarily through dividends. The payout ratio of 1.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.1% | — | — |
| Payout Ratio | 1.9% | 1.9% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | 2.0% | 4.0% | — | — |
| FCF Yield | 2.8% | 5.8% | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.1% | — | — |
| Shares Outstanding | — | $209M | $209M | $209M |
Compare Q 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 |
|---|---|---|---|---|---|---|---|---|---|
| $35B | 51.2 | 28.4 | 35.8 | 41.8% | 21.3% | 7.6% | 6.8% | 3.6 | |
| $7B | 33.3 | 13.6 | 13.0 | 10.7% | 2.8% | 4.8% | 6.0% | 3.8 | |
| $12B | 21.3 | 13.6 | — | 11.2% | 3.0% | 9.1% | 7.6% | 2.9 | |
| $23B | 28.6 | 13.7 | 16.5 | 7.0% | 2.3% | 10.0% | 9.9% | 2.5 | |
| $3B | 135.5 | 22.3 | 38.7 | 10.0% | 4.0% | 2.2% | 6.7% | 2.7 | |
| $8B | 47.9 | 28.2 | 52.2 | 10.1% | 5.0% | 12.4% | 11.8% | 0.6 | |
| $39B | 62.8 | 21.9 | 33.5 | 8.9% | 4.0% | 40.4% | 30.9% | 1.8 | |
| $43B | 51.1 | 34.0 | 91.8 | 11.7% | 8.6% | 41.2% | 34.0% | 0.7 | |
| $54B | 70.0 | 32.9 | 50.9 | 8.4% | 4.5% | 16.2% | 13.0% | 2.4 | |
| $10B | 19.1 | 11.4 | 18.2 | 26.5% | 22.6% | 32.7% | 11.3% | 3.9 | |
| $13B | 54.1 | 26.6 | 27.9 | 8.8% | 4.4% | 10.0% | 13.0% | 0.8 | |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
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DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying Q stock.
Qnity Electronics, Inc.'s current P/E ratio is 51.2x. The historical average is 24.7x. This places it at the 100th percentile of its historical range.
Qnity Electronics, Inc.'s current EV/EBITDA is 28.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.2x.
Qnity Electronics, Inc.'s return on equity (ROE) is 7.6%. The historical average is 6.1%.
Based on historical data, Qnity Electronics, Inc. is trading at a P/E of 51.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Qnity Electronics, Inc.'s current dividend yield is 0.04% with a payout ratio of 1.9%.
Qnity Electronics, Inc. has 41.8% gross margin and 21.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Qnity Electronics, Inc.'s Debt/EBITDA ratio is 3.6x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.