Latest Ratios: P/E Ratio 34.1x · EV/EBITDA 24.4x · ROE 11.7%. (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 | $607M | $549M | $288M | $92M | $47M | $56M | $40M | $45M | $55M | $94M | $77M |
| Enterprise Value | $573M | $515M | $301M | $106M | $69M | $59M | $31M | $36M | $39M | $76M | $56M |
| P/E Ratio → | 34.13 | 32.60 | 25.68 | 19.90 | — | — | — | 55.63 | — | 38.89 | 1250.00 |
| P/S Ratio | 3.41 | 3.08 | 1.89 | 0.81 | 0.56 | 0.72 | 0.53 | 0.46 | 0.59 | 0.88 | 0.81 |
| P/B Ratio | 3.26 | 3.11 | 2.57 | 1.02 | 0.62 | 0.73 | 0.50 | 0.53 | 0.65 | 1.06 | 0.87 |
| P/FCF | 151.02 | 136.46 | — | — | — | — | 9.92 | 2359.45 | — | — | — |
| P/OCF | 40.54 | 36.64 | — | 40.89 | — | — | 5.06 | 13.10 | 26.21 | 37.52 | 14.00 |
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 | — | 2.89 | 1.98 | 0.93 | 0.82 | 0.76 | 0.42 | 0.37 | 0.41 | 0.71 | 0.58 |
| EV / EBITDA | 24.39 | 21.90 | 16.74 | 9.84 | 35.91 | 69.69 | 126.66 | 5.20 | — | 8.26 | 7.18 |
| EV / EBIT | 31.15 | 27.97 | 24.99 | 16.52 | — | — | — | 10.40 | — | 12.54 | 10.90 |
| EV / FCF | — | 128.10 | — | — | — | — | 7.75 | 1888.88 | — | — | — |
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 | 24.8% | 24.8% | 21.7% | 19.7% | 18.8% | 14.5% | 11.2% | 15.7% | 9.0% | 19.2% | 19.9% |
| Operating Margin | 10.3% | 10.3% | 8.2% | 5.3% | -2.1% | -5.2% | -5.1% | 2.7% | -6.0% | 5.0% | 4.3% |
| Net Profit Margin | 9.4% | 9.4% | 7.3% | 4.1% | -1.8% | -4.6% | -4.4% | 0.8% | -4.7% | 2.2% | 0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.7% | 11.7% | 11.0% | 5.6% | -2.1% | -4.5% | -4.0% | 1.0% | -5.1% | 2.7% | 0.1% |
| ROA | 8.6% | 8.6% | 7.2% | 3.4% | -1.3% | -3.1% | -2.9% | 0.7% | -4.1% | 2.1% | 0.1% |
| ROIC | 10.3% | 10.3% | 8.2% | 4.5% | -1.5% | -4.0% | -3.9% | 2.7% | -6.1% | 5.7% | 4.4% |
| ROCE | 11.6% | 11.6% | 10.8% | 6.0% | -1.9% | -4.6% | -4.1% | 2.9% | -6.2% | 5.6% | 4.4% |
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 | 0.10 | 0.10 | 0.18 | 0.33 | 0.39 | 0.21 | 0.19 | 0.08 | — | — | — |
| Debt / EBITDA | 0.75 | 0.75 | 1.09 | 2.78 | 15.44 | 18.72 | 61.85 | 1.02 | — | — | — |
| Net Debt / Equity | — | -0.19 | 0.11 | 0.15 | 0.29 | 0.04 | -0.11 | -0.10 | -0.19 | -0.20 | -0.24 |
| Net Debt / EBITDA | -1.43 | -1.43 | 0.70 | 1.30 | 11.45 | 3.50 | -35.44 | -1.30 | — | -1.90 | -2.76 |
| Debt / FCF | — | -8.36 | — | — | — | — | -2.17 | -470.58 | — | — | — |
| Interest Coverage | 18.23 | 18.23 | 8.17 | 3.82 | -0.83 | -6.33 | -4.72 | 2.72 | -2.38 | 5.36 | 4.50 |
Net cash position: cash ($51M) exceeds total debt ($18M)
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 | 4.89 | 4.89 | 2.97 | 2.40 | 2.59 | 2.93 | 3.15 | 4.04 | 5.28 | 4.79 | 4.66 |
| Quick Ratio | 2.67 | 2.67 | 1.17 | 1.10 | 1.01 | 1.26 | 1.52 | 1.95 | 2.65 | 2.61 | 2.50 |
| Cash Ratio | 1.51 | 1.51 | 0.19 | 0.42 | 0.27 | 0.52 | 0.96 | 0.77 | 1.09 | 1.02 | 1.23 |
| Asset Turnover | — | 0.79 | 0.93 | 0.78 | 0.67 | 0.70 | 0.65 | 0.85 | 0.90 | 0.95 | 0.86 |
| Inventory Turnover | 1.77 | 1.77 | 1.74 | 1.78 | 1.50 | 1.63 | 1.62 | 1.90 | 2.20 | 2.23 | 1.95 |
| Days Sales Outstanding | — | 68.52 | 71.26 | 64.18 | 67.44 | 65.01 | 55.00 | 76.05 | 75.51 | 88.21 | 82.19 |
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 | — | — | — | — | — | — | — | — | — | 3.2% | 3.9% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 125.2% | 4838.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 3.1% | 3.9% | 5.0% | — | — | — | 1.8% | — | 2.6% | 0.1% |
| FCF Yield | 0.7% | 0.7% | — | — | — | — | 10.1% | 0.0% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.2% | 3.9% |
| Shares Outstanding | — | $12M | $11M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M |
Geopolitical and inventory concentration
Based on reported figures, TATT trades at a TTM P/E of 34.13, which appears elevated relative to its recent growth deceleration and suggests that investors are pricing in a significant recovery in earnings quality that has yet to materialize in the most recent quarterly results.
The current valuation multiple implies high expectations for future margin expansion that may be difficult to achieve given the structural ceiling on gross margins. Compared to peers like Leonardo DRS, the premium valuation warrants caution, as the market may be overestimating the durability of the company's current earnings power.
As reported in financial statements, TATT's ROIC has struggled to gain momentum, hovering at a modest 1.6% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its likely cost of capital over the long term.
The persistent low ROIC suggests that the company's heavy investment in specialized tooling and certified facilities is not yet yielding the expected operational leverage. Investors should monitor whether management can improve asset utilization, as the current trend indicates a decay in capital efficiency rather than compounding.
According to recent SEC filings, TATT's cash conversion cycle has expanded to 256 days in 2026Q1, primarily driven by a high days-inventory-outstanding of 227, which highlights significant inefficiencies in managing the supply chain for legacy aircraft components.
This extended cycle suggests that capital is being trapped in slow-moving inventory, which may be subject to future impairment risks. The inability to tighten the CCC despite revenue growth indicates that the company's working capital management remains a structural bottleneck to improving free cash flow.
Based on TATT's reported figures, the company maintains a debt-to-equity ratio of 0.09, which provides a substantial buffer against rising interest rates and regional geopolitical shocks that could otherwise disrupt the company's operational stability in the current high-inflation environment.
The minimal reliance on debt is a clear strength, allowing the company to navigate cyclical downturns without the pressure of mandatory interest payments. However, this conservative stance may also imply that the company is under-leveraging its balance sheet to drive potential growth through strategic acquisitions.
The P/E ratio is frequently misapplied to TATT because it fails to account for the significant non-operating interest income generated by the company's large cash pile, which artificially inflates net margins and obscures the true underlying profitability of the core aerospace MRO business.
Analysts should instead focus on EV/EBITDA or core operating margins to strip out the impact of cash-related income and better assess the operational performance of the business. Relying on P/E alone risks overstating the company's earning power by conflating financial management with operational excellence.
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TATT stock.
TAT Technologies Ltd.'s current P/E ratio is 34.1x. The historical average is 19.0x. This places it at the 79th percentile of its historical range.
TAT Technologies Ltd.'s current EV/EBITDA is 24.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.9x.
TAT Technologies Ltd.'s return on equity (ROE) is 11.7%. The historical average is 5.6%.
Based on historical data, TAT Technologies Ltd. is trading at a P/E of 34.1x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
TAT Technologies Ltd. has 24.8% gross margin and 10.3% operating margin. Operating margin between 10-20% is typical for established companies.
TAT Technologies Ltd.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.