Latest Ratios: P/E Ratio 48.2x · EV/EBITDA 14.7x · ROE -5.1%. (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 | $2.2B | $1.7B | $1.9B | $2.5B | $2.3B | $5.1B | $2.9B | $2.3B | $1.8B | $3.0B | $1.4B |
| Enterprise Value | $2.0B | $1.5B | $1.8B | $2.4B | $2.3B | $5.1B | $2.7B | $2.3B | $1.9B | $3.0B | $1.4B |
| P/E Ratio → | 48.19 | — | 72.58 | 43.59 | 19.40 | 47.64 | 58.16 | 49.30 | 21.08 | 37.31 | 28.98 |
| P/S Ratio | 2.55 | 2.08 | 2.28 | 2.72 | 2.33 | 5.52 | 3.62 | 2.60 | 2.10 | 3.66 | 2.13 |
| P/B Ratio | 1.88 | 1.41 | 1.51 | 1.96 | 1.93 | 4.60 | 2.85 | 2.50 | 2.18 | 3.92 | 2.20 |
| P/FCF | 17.13 | 23.70 | 26.62 | 33.20 | 178.10 | 96.62 | 23.30 | 21.27 | 93.80 | 26.87 | 14.16 |
| P/OCF | 21.51 | 16.65 | 14.87 | 18.80 | 17.47 | 41.40 | 17.60 | 14.47 | 27.66 | 21.61 | 11.97 |
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 | — | 1.86 | 2.11 | 2.63 | 2.32 | 5.48 | 3.42 | 2.56 | 2.18 | 3.60 | 2.16 |
| EV / EBITDA | 14.70 | 14.19 | 23.62 | 17.51 | 11.85 | 31.82 | 19.80 | 14.40 | 11.76 | 17.08 | 11.93 |
| EV / EBIT | 38.42 | — | 35.88 | 31.26 | 33.55 | 40.35 | 34.06 | 20.22 | 16.90 | 22.35 | 16.34 |
| EV / FCF | — | 21.23 | 24.71 | 32.10 | 177.52 | 95.83 | 22.04 | 20.96 | 97.14 | 26.48 | 14.34 |
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 | 31.7% | 31.7% | 33.4% | 33.8% | 33.1% | 37.4% | 36.4% | 35.0% | 35.4% | 38.8% | 38.0% |
| Operating Margin | 6.4% | 6.4% | 3.0% | 9.4% | 14.9% | 12.6% | 8.4% | 12.3% | 12.8% | 15.7% | 12.3% |
| Net Profit Margin | -7.6% | -7.6% | 3.1% | 6.2% | 12.0% | 11.6% | 6.2% | 5.3% | 10.0% | 9.8% | 7.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.1% | -5.1% | 2.1% | 4.7% | 10.2% | 10.1% | 5.1% | 5.3% | 10.9% | 11.5% | 7.9% |
| ROA | -4.2% | -4.2% | 1.7% | 3.6% | 7.2% | 7.6% | 3.9% | 3.7% | 7.3% | 7.4% | 4.9% |
| ROIC | 3.7% | 3.7% | 1.6% | 5.5% | 9.7% | 9.1% | 5.7% | 9.1% | 10.3% | 14.1% | 10.0% |
| ROCE | 3.9% | 3.9% | 1.8% | 5.9% | 9.8% | 9.1% | 5.8% | 9.4% | 10.3% | 13.1% | 8.9% |
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 | 0.02 | 0.02 | 0.02 | 0.04 | 0.19 | 0.17 | 0.03 | 0.14 | 0.28 | 0.18 | 0.39 |
| Debt / EBITDA | 0.20 | 0.20 | 0.33 | 0.37 | 1.20 | 1.19 | 0.25 | 0.83 | 1.43 | 0.79 | 2.06 |
| Net Debt / Equity | — | -0.15 | -0.11 | -0.06 | -0.01 | -0.04 | -0.15 | -0.04 | 0.08 | -0.06 | 0.03 |
| Net Debt / EBITDA | -1.65 | -1.65 | -1.82 | -0.60 | -0.04 | -0.26 | -1.13 | -0.22 | 0.40 | -0.25 | 0.14 |
| Debt / FCF | — | -2.46 | -1.90 | -1.10 | -0.58 | -0.79 | -1.26 | -0.32 | 3.34 | -0.39 | 0.17 |
| Interest Coverage | -37.58 | -37.58 | 22.23 | 6.76 | 6.57 | 41.14 | 16.52 | 13.10 | 17.09 | 21.60 | 22.06 |
Net cash position: cash ($197M) exceeds total debt ($22M)
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 | 3.97 | 3.97 | 4.00 | 4.53 | 4.63 | 3.56 | 4.25 | 4.63 | 4.53 | 3.99 | 4.53 |
| Quick Ratio | 2.97 | 2.97 | 2.85 | 3.21 | 3.35 | 2.75 | 3.33 | 3.30 | 3.29 | 3.00 | 3.63 |
| Cash Ratio | 1.56 | 1.56 | 1.29 | 1.13 | 1.66 | 1.42 | 1.72 | 1.66 | 1.57 | 1.59 | 2.25 |
| Asset Turnover | — | 0.57 | 0.56 | 0.60 | 0.59 | 0.58 | 0.63 | 0.71 | 0.69 | 0.73 | 0.62 |
| Inventory Turnover | 4.43 | 4.43 | 3.89 | 3.92 | 3.56 | 4.38 | 4.99 | 4.40 | 4.28 | 4.46 | 4.46 |
| Days Sales Outstanding | — | 73.47 | 71.80 | 84.94 | 82.76 | 79.38 | 74.58 | 60.56 | 71.20 | 65.01 | 70.46 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | — | 1.4% | 2.3% | 5.2% | 2.1% | 1.7% | 2.0% | 4.7% | 2.7% | 3.5% |
| FCF Yield | 5.8% | 4.2% | 3.8% | 3.0% | 0.6% | 1.0% | 4.3% | 4.7% | 1.1% | 3.7% | 7.1% |
| Buyback Yield | 2.4% | 3.1% | 1.0% | 0.0% | 1.1% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.7% |
| Total Shareholder Yield | 2.4% | 3.1% | 1.0% | 0.0% | 1.1% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.7% |
| Shares Outstanding | — | $18M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $18M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ROG stock.
Rogers Corporation's current P/E ratio is 48.2x. The historical average is 29.7x. This places it at the 89th percentile of its historical range.
Rogers Corporation's current EV/EBITDA is 14.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.8x.
Rogers Corporation's return on equity (ROE) is -5.1%. The historical average is 9.4%.
Based on historical data, Rogers Corporation is trading at a P/E of 48.2x. This is at the 89th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rogers Corporation has 31.7% gross margin and 6.4% operating margin.
Rogers Corporation's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Persistent GAAP net losses and revenue decline
Metrics are mathematically derived from official filings.
Negative Trailing Earnings Distort Multiples
Based on reported figures, Rogers trades at a trailing P/E of -36.3 and an EV/EBITDA of 19.2, while forward P/E of 31.4 and forward EV/EBITDA of 13.8 suggest the market is pricing an earnings recovery rather than current profitability.
The negative trailing P/E reflects the TTM net loss and is not meaningful as a valuation anchor, so investors should rely on forward multiples and EV-based measures. The gap between 19.2x trailing and 13.8x forward EV/EBITDA implies consensus expects meaningful EBITDA expansion over the next year. A forward P/E above 30x against a -2.3% TTM revenue decline suggests the price already embeds a substantial rebound that has not yet appeared in reported results.
Operating Recovery Outpaces Net Earnings
According to quarterly figures, operating margin rose from -33.3% in 2025Q2 to 12.7% in 2026Q3, yet net margin of 9.6% still trails operating margin, indicating below-the-line items continue to absorb part of the recovery.
Gross margin of 34.2% in 2026Q3 remains below the 35.2% reached in 2024Q3, so the operating improvement appears driven more by SG&A discipline than by pricing or mix. The consistent gap between operating and net margin suggests recurring non-operating charges that warrant investigation before treating operating margin as true earning power. Until that gap narrows, the trailing operating margin of 6.4% implies a thin economic cushion against further volume declines.
Returns Recovering from Near-Zero Base
Based on reported figures, ROIC climbed from -4.6% in 2025Q2 to 2.2% in 2026Q3 and ROE moved to 1.9%, a recovery that remains small relative to the company's roughly $1.5B asset base.
The return improvement is real in direction but modest in magnitude, suggesting the company is repairing rather than compounding capital returns. With goodwill of $303.0M and net PP&E of $367.2M carried on the balance sheet, returns depend heavily on sustaining operating margins well above current levels. Investors should monitor whether ROIC can move sustainably above the 6.0% level of peer MACOM before concluding the capital base is being deployed productively.
Negligible Debt Eliminates Solvency Concern
As reported in financial statements, Rogers' debt-to-equity ratio sits at 0.01 with interest coverage of 63.0x in 2026Q3, indicating that financing risk is minimal relative to the cash-rich balance sheet.
Debt-to-EBITDA of 0.33 and near-zero leverage mean refinancing or covenant pressure is unlikely to constrain operations based on the supplied data. The high coverage ratio is partly a function of the small debt base rather than exceptional earnings strength, so it carries limited signal about operating resilience. The real balance sheet question is how management deploys its roughly $206M cash position rather than whether the company can service its obligations.
Excess Liquidity Buffers Operating Volatility
Based on reported quarterly figures, the current ratio of 4.14 and quick ratio of 3.19 in 2026Q3 indicate liquidity well above typical industrial thresholds, with inventory playing a modest role in the asset base.
The quick ratio sitting only slightly below the current ratio suggests inventory dependence is limited, so liquidity does not rely on converting stock to cash. Under severe stress, the cash balance alone would likely cover near-term obligations several times over, though the supplied data does not include a stress scenario to confirm this. The main question is whether such a large idle liquidity position reflects prudence or a lack of productive uses for capital.
Cash Pile May Mask Structural Weakness
The most commonly misapplied ratio here is the current ratio, which at 4.14 in 2026Q3 may look reassuring while obscuring that a large share of current assets reflects idle cash rather than productive working capital.
Because the company holds roughly $206M in cash against modest debt, a high current ratio can read as financial strength even when earnings power is weak and net margin is negative at 9.6% trailing volatility. A better complement is free cash flow yield on invested capital or operating return on tangible capital, which strips out cash balances and goodwill of $303.0M. Investors should weigh whether the liquidity cushion is a buffer or a sign that capital is not being redeployed into higher-return uses.