Steelcase Inc. (SCS) Financial Ratios
29 years of historical data (1997–2025) · Industrials · Business Equipment & Supplies
EV/EBITDA
↓
8.82
↓-24% vs avg
5yr avg: 11.65
30Y Low4.9·High32.0
P/FCF
↓
18.28
↓-38% vs avg
5yr avg: 29.31
30Y Low5.7·High68.3
P/B Ratio
↓
1.95
↑+29% vs avg
5yr avg: 1.51
30Y Low0.7·High4.2
ROE
↑
13.1%
↓+119% vs avg
5yr avg: 6.0%
30Y Low-19%·High24%
Debt/EBITDA
↓
2.51
↓-44% vs avg
5yr avg: 4.53
30Y Low0.9·High6.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SCS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Steelcase Inc. trades at 15.8x earnings, 83% below its 5-year average of 95.3x, sitting at the 36th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 38%. On a free-cash-flow basis, the stock trades at 18.3x P/FCF, 38% below the 5-year average of 29.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $1.4B | $1.5B | $891M | $1.4B | $1.6B | $1.9B | $2.1B | $1.6B | $1.9B | $1.5B |
| Enterprise Value | $2.1B | $1.7B | $1.8B | $1.5B | $1.9B | $1.8B | $2.1B | $2.3B | $1.6B | $2.0B | $1.7B |
| P/E Ratio → | 15.82 | 11.92 | 19.21 | 26.23 | 355.85 | 63.36 | 9.77 | 16.68 | 20.07 | 15.53 | 9.22 |
| P/S Ratio | 0.59 | 0.44 | 0.47 | 0.28 | 0.50 | 0.62 | 0.51 | 0.61 | 0.52 | 0.63 | 0.50 |
| P/B Ratio | 1.95 | 1.47 | 1.69 | 1.08 | 1.63 | 1.67 | 1.97 | 2.47 | 1.97 | 2.48 | 2.09 |
| P/FCF | 18.28 | 13.79 | 5.72 | 29.40 | — | 68.34 | 6.65 | 42.02 | 11.49 | 17.36 | 16.56 |
| P/OCF | 12.48 | 9.42 | 4.84 | 9.97 | — | 24.78 | 5.30 | 15.95 | 7.04 | 11.14 | 8.26 |
P/E links to full P/E history page with 30-year chart
SCS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Steelcase Inc.'s enterprise value stands at 8.8x EBITDA, 24% below its 5-year average of 11.7x. The Industrials sector median is 13.9x, placing the stock at a 36% 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 | — | 0.52 | 0.57 | 0.46 | 0.68 | 0.71 | 0.57 | 0.67 | 0.53 | 0.66 | 0.54 |
| EV / EBITDA | 8.82 | 6.92 | 8.97 | 9.62 | 18.37 | 14.38 | 6.17 | 8.74 | 7.26 | 7.69 | 6.90 |
| EV / EBIT | 13.33 | 10.34 | 13.58 | 19.01 | 69.52 | 34.78 | 7.75 | 12.40 | 9.00 | 9.79 | 8.52 |
| EV / FCF | — | 16.30 | 6.91 | 49.38 | — | 78.44 | 7.35 | 46.55 | 11.58 | 18.27 | 17.82 |
SCS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Steelcase Inc. earns an operating margin of 5.0%, roughly in line with the Industrials sector average. Operating margins have expanded from 2.0% to 5.0% over the past 3 years, signaling improving operational efficiency. ROE of 13.1% is modest. ROIC of 9.9% represents adequate returns on invested capital versus a sector median of 6.1%.
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 | 33.1% | 33.1% | 32.0% | 28.4% | 27.5% | 29.4% | 32.6% | 31.6% | 32.9% | 33.3% | 31.7% |
| Operating Margin | 5.0% | 5.0% | 3.7% | 2.0% | 0.7% | 1.7% | 6.9% | 5.3% | 5.1% | 6.6% | 5.7% |
| Net Profit Margin | 3.8% | 3.8% | 2.6% | 1.1% | 0.1% | 1.0% | 5.4% | 3.7% | 2.6% | 4.1% | 5.6% |
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 | 13.1% | 13.1% | 9.5% | 4.2% | 0.4% | 2.7% | 22.0% | 15.2% | 10.2% | 16.6% | 24.3% |
| ROA | 5.3% | 5.3% | 3.7% | 1.6% | 0.2% | 1.1% | 8.5% | 6.3% | 4.4% | 6.9% | 9.6% |
| ROIC | 9.9% | 9.9% | 6.7% | 3.5% | 1.2% | 2.7% | 17.2% | 14.5% | 13.8% | 17.5% | 16.1% |
| ROCE | 9.6% | 9.6% | 7.3% | 4.0% | 1.1% | 2.3% | 15.0% | 12.9% | 12.1% | 15.9% | 14.4% |
SCS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Steelcase Inc. carries a Debt/EBITDA ratio of 2.5x, which is moderately leveraged (22% below the sector average of 3.2x). Net debt stands at $254M ($601M total debt minus $346M cash). Interest coverage of 6.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.63 | 0.63 | 0.71 | 0.84 | 0.83 | 0.76 | 0.76 | 0.58 | 0.36 | 0.39 | 0.41 |
| Debt / EBITDA | 2.51 | 2.51 | 3.13 | 4.47 | 6.86 | 5.67 | 2.16 | 1.84 | 1.33 | 1.14 | 1.24 |
| Net Debt / Equity | — | 0.27 | 0.35 | 0.73 | 0.60 | 0.25 | 0.21 | 0.27 | 0.01 | 0.13 | 0.16 |
| Net Debt / EBITDA | 1.06 | 1.06 | 1.55 | 3.89 | 4.92 | 1.85 | 0.58 | 0.85 | 0.05 | 0.39 | 0.49 |
| Debt / FCF | — | 2.51 | 1.19 | 19.98 | — | 10.10 | 0.70 | 4.53 | 0.09 | 0.92 | 1.26 |
| Interest Coverage | 6.15 | 6.15 | 4.55 | 2.31 | 0.78 | 1.59 | 9.41 | 4.90 | 8.91 | 11.64 | 9.92 |
SCS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.54x means Steelcase Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.17x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.47x to 1.54x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.54 | 1.54 | 1.58 | 1.47 | 1.69 | 2.03 | 1.72 | 1.59 | 1.54 | 1.57 | 1.47 |
| Quick Ratio | 1.17 | 1.17 | 1.20 | 0.94 | 1.12 | 1.65 | 1.41 | 1.22 | 1.21 | 1.25 | 1.19 |
| Cash Ratio | 0.58 | 0.58 | 0.52 | 0.15 | 0.35 | 0.95 | 0.78 | 0.44 | 0.51 | 0.52 | 0.47 |
| Asset Turnover | — | 1.36 | 1.41 | 1.47 | 1.23 | 1.10 | 1.45 | 1.61 | 1.64 | 1.69 | 1.69 |
| Inventory Turnover | 8.63 | 8.63 | 9.30 | 7.24 | 6.17 | 9.47 | 11.67 | 10.48 | 11.10 | 12.40 | 13.10 |
| Days Sales Outstanding | — | 37.25 | 39.08 | 42.15 | 50.30 | 38.00 | 36.50 | 41.37 | 35.87 | 37.02 | 38.49 |
SCS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Steelcase Inc. returns 4.5% to shareholders annually — split between a 2.6% dividend yield and 2.0% buyback yield. The payout ratio of 39.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 2.6% | 3.4% | 3.2% | 6.4% | 4.5% | 2.7% | 3.6% | 3.1% | 3.8% | 3.1% | 3.7% |
| Payout Ratio | 39.4% | 39.4% | 58.7% | 162.3% | 1565.0% | 166.7% | 34.6% | 51.0% | 75.6% | 47.0% | 33.5% |
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 | 6.3% | 8.4% | 5.2% | 3.8% | 0.3% | 1.6% | 10.2% | 6.0% | 5.0% | 6.4% | 10.8% |
| FCF Yield | 5.5% | 7.3% | 17.5% | 3.4% | — | 1.5% | 15.0% | 2.4% | 8.7% | 5.8% | 6.0% |
| Buyback Yield | 2.0% | 2.6% | 0.3% | 0.4% | 4.0% | 2.7% | 0.5% | 0.2% | 2.1% | 2.5% | 3.7% |
| Total Shareholder Yield | 4.5% | 6.0% | 3.5% | 6.9% | 8.5% | 5.4% | 4.1% | 3.3% | 5.9% | 5.6% | 7.4% |
| Shares Outstanding | — | $115M | $115M | $113M | $114M | $115M | $118M | $120M | $117M | $119M | $123M |
Peer Comparison
Compare SCS 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 |
|---|---|---|---|---|---|---|---|---|---|
 SCSYou | $2B | 15.8 | 8.8 | 18.3 | 33.1% | 5.0% | 13.1% | 9.9% | 2.5 |
 HNI | $2B | 31.4 | 8.9 | 7.8 | 41.4% | 8.4% | 4.1% | 7.8% | 4.7 |
 MLKN | $1B | -31.1 | 14.3 | 11.0 | 38.8% | 1.4% | -2.6% | 1.3% | 9.5 |
 UFI | $77M | -3.7 | 10.8 | — | 1.5% | -1.7% | -8.2% | -2.1% | 7.4 |
 VIRC | $96M | 38.3 | 12.5 | — | 40.7% | 1.8% | 2.4% | 2.1% | 4.1 |
 FLXS | $347M | 18.3 | 12.1 | 10.3 | 22.2% | 6.0% | 12.7% | 9.9% | 2.0 |
 ETH | $415M | 8.1 | 7.5 | 8239.4 | 60.5% | 10.1% | 10.7% | 7.6% | 2.0 |
 LESL | $86M | -0.4 | 18.8 | — | 35.4% | 1.7% | — | 2.5% | 18.4 |
 NUE | $56B | 32.4 | 14.6 | — | 11.9% | 8.2% | 8.0% | 7.7% | 1.7 |
 RS | $20B | 28.4 | 16.9 | 40.3 | 26.8% | 7.2% | 10.3% | 8.9% | 1.5 |
 STLD | $36B | 31.3 | 19.6 | 72.2 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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SCS — Frequently Asked Questions
Quick answers to the most common questions about buying SCS stock.
What is Steelcase Inc.'s P/E ratio?
Steelcase Inc.'s current P/E ratio is 15.8x. The historical average is 31.1x. This places it at the 36th percentile of its historical range.
What is Steelcase Inc.'s EV/EBITDA?
Steelcase Inc.'s current EV/EBITDA is 8.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.3x.
What is Steelcase Inc.'s ROE?
Steelcase Inc.'s return on equity (ROE) is 13.1%. The historical average is 7.6%.
Is SCS stock overvalued?
Based on historical data, Steelcase Inc. is trading at a P/E of 15.8x. This is at the 36th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Steelcase Inc.'s dividend yield?
Steelcase Inc.'s current dividend yield is 2.56% with a payout ratio of 39.4%.
What are Steelcase Inc.'s profit margins?
Steelcase Inc. has 33.1% gross margin and 5.0% operating margin.
How much debt does Steelcase Inc. have?
Steelcase Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.