Latest Ratios: P/E Ratio 8.7x · EV/EBITDA 6.7x · ROE 16.8%. (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 | $291M | $249M | $264M | $185M | $346M | $398M | $558M | $743M | $525M | $633M | $787M |
| Enterprise Value | $333M | $291M | $334M | $334M | $478M | $455M | $697M | $774M | $592M | $748M | $852M |
| P/E Ratio → | 8.70 | 7.48 | — | — | 12.17 | 6.87 | — | 15.41 | 21.15 | 16.55 | 32.00 |
| P/S Ratio | 0.40 | 0.35 | 0.44 | 0.32 | 0.45 | 0.48 | 0.74 | 0.90 | 0.62 | 0.66 | 0.95 |
| P/B Ratio | 1.34 | 1.15 | 1.46 | 1.19 | 1.71 | 2.15 | 5.11 | 1.97 | 1.48 | 1.84 | 2.53 |
| P/FCF | 18.52 | 15.85 | 23.63 | — | — | 9.21 | 10.93 | 11.44 | 9.21 | 14.43 | 230.34 |
| P/OCF | 8.84 | 7.56 | 10.34 | 7.70 | — | 5.64 | 7.50 | 6.42 | 5.37 | 7.17 | 16.10 |
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 | — | 0.40 | 0.56 | 0.58 | 0.63 | 0.55 | 0.92 | 0.94 | 0.69 | 0.78 | 1.03 |
| EV / EBITDA | 6.71 | 5.87 | 7.28 | 18.61 | 12.06 | 5.45 | 6.91 | 8.34 | 6.17 | 7.34 | 11.45 |
| EV / EBIT | 11.95 | 8.39 | 60.26 | — | 34.90 | 6.46 | — | 10.17 | 6.88 | — | 27.06 |
| EV / FCF | — | 18.49 | 29.93 | — | — | 10.54 | 13.66 | 11.90 | 10.39 | 17.06 | 249.51 |
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 | 15.1% | 15.1% | 16.1% | 12.4% | 13.8% | 18.0% | 22.6% | 18.9% | 17.1% | 17.5% | 17.4% |
| Operating Margin | 3.9% | 3.9% | 3.4% | -1.7% | 1.7% | 7.2% | 9.1% | 5.9% | 7.3% | 6.4% | 5.1% |
| Net Profit Margin | 4.6% | 4.6% | -10.8% | -18.5% | 3.7% | 7.0% | -10.0% | 5.8% | 2.9% | 4.0% | 3.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.8% | 16.8% | -38.4% | -59.3% | 14.7% | 39.4% | -31.1% | 13.2% | 7.1% | 11.7% | 8.4% |
| ROA | 9.2% | 9.2% | -16.1% | -21.4% | 5.3% | 11.1% | -12.3% | 6.8% | 3.4% | 5.4% | 3.8% |
| ROIC | 8.2% | 8.2% | 5.5% | -2.3% | 3.5% | 18.3% | 15.8% | 8.8% | 10.6% | 11.1% | 8.9% |
| ROCE | 10.5% | 10.5% | 8.8% | -3.3% | 3.6% | 16.4% | 14.8% | 8.7% | 10.8% | 10.8% | 8.1% |
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 | 0.22 | 0.22 | 0.43 | 1.02 | 0.75 | 0.48 | 1.38 | 0.16 | 0.29 | 0.44 | 0.31 |
| Debt / EBITDA | 0.97 | 0.97 | 1.68 | 8.85 | 3.83 | 1.05 | 1.50 | 0.67 | 1.06 | 1.49 | 1.28 |
| Net Debt / Equity | — | 0.19 | 0.39 | 0.96 | 0.66 | 0.31 | 1.28 | 0.08 | 0.19 | 0.34 | 0.21 |
| Net Debt / EBITDA | 0.84 | 0.84 | 1.53 | 8.31 | 3.34 | 0.69 | 1.38 | 0.33 | 0.70 | 1.13 | 0.88 |
| Debt / FCF | — | 2.64 | 6.30 | — | — | 1.33 | 2.73 | 0.47 | 1.18 | 2.63 | 19.18 |
| Interest Coverage | 8.66 | 8.66 | 1.19 | -12.42 | 3.31 | 20.82 | -8.68 | 18.77 | 15.10 | -1.42 | 8.27 |
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 | 1.62 | 1.62 | 1.52 | 0.71 | 1.62 | 1.40 | 1.34 | 1.53 | 1.73 | 1.88 | 1.74 |
| Quick Ratio | 1.00 | 1.00 | 0.96 | 0.51 | 0.77 | 0.88 | 0.87 | 1.11 | 1.13 | 1.31 | 1.18 |
| Cash Ratio | 0.06 | 0.06 | 0.08 | 0.04 | 0.13 | 0.18 | 0.08 | 0.21 | 0.22 | 0.24 | 0.25 |
| Asset Turnover | — | 1.95 | 1.68 | 1.28 | 1.41 | 1.58 | 1.47 | 1.16 | 1.20 | 1.27 | 1.27 |
| Inventory Turnover | 9.44 | 9.44 | 9.77 | 10.11 | 5.14 | 7.65 | 8.80 | 10.44 | 7.53 | 9.13 | 10.36 |
| Days Sales Outstanding | — | 41.31 | 39.56 | 36.16 | 40.85 | 46.76 | 43.07 | 40.54 | 51.09 | 57.79 | 46.23 |
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 | — | — | — | 4.8% | 4.9% | 4.1% | 38.7% | 2.1% | 2.8% | 2.3% | 1.8% |
| Payout Ratio | — | — | — | — | 59.7% | 28.0% | — | 31.8% | 58.7% | 38.0% | 59.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.5% | 13.4% | — | — | 8.2% | 14.6% | — | 6.5% | 4.7% | 6.0% | 3.1% |
| FCF Yield | 5.4% | 6.3% | 4.2% | — | — | 10.9% | 9.1% | 8.7% | 10.9% | 6.9% | 0.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.1% | 0.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 4.8% | 4.9% | 4.1% | 38.9% | 2.2% | 2.8% | 2.3% | 1.8% |
| Shares Outstanding | — | $35M | $34M | $34M | $34M | $34M | $33M | $33M | $33M | $33M | $33M |
Cyclical Margin Compression
According to current market data, Tredegar trades at a forward P/E of 3.95, a valuation that appears to heavily discount the company's cyclical exposure and historical earnings volatility compared to broader industrial peers, suggesting the market remains skeptical of the firm's ability to sustain long-term margin expansion.
The low valuation multiples, including a P/S of 0.40, imply that investors are pricing in significant risk regarding the company's ability to navigate commodity price cycles. This valuation gap warrants further investigation into whether the market is failing to account for the specialty nature of the Surface Protection segment or if the discount is a rational response to the thin operating margins.
Based on reported figures, Tredegar's ROIC has struggled to maintain positive momentum, hovering at 1.8% in 2026Q1, which indicates that the company is failing to generate returns that consistently exceed its cost of capital, a trend that has persisted throughout the recent ten-quarter period.
The inability to drive ROIC above low single digits suggests that the company's manufacturing footprint is not currently optimized for value creation. Investors should monitor whether management's focus on divestitures and balance sheet preservation can eventually lead to a more efficient allocation of capital toward higher-margin product lines.
As reported in financial statements, Tredegar's asset turnover has remained stagnant near 0.48x, reflecting the company's difficulty in maximizing revenue generation from its existing asset base amidst fluctuating demand for aluminum extrusions and specialty films, according to the most recent quarterly data.
The cash conversion cycle, which reached 36 days in 2026Q1, highlights the operational friction inherent in managing inventory and receivables across diverse end markets. This lack of efficiency suggests that the company's working capital management is highly sensitive to external supply chain disruptions and commodity price shifts.
Based on recent balance sheet data, Tredegar's quick ratio of 1.01 in 2026Q1 indicates a precarious liquidity position, leaving the company with minimal room to maneuver should it face unexpected operational stress or a sudden contraction in demand for its core manufacturing segments.
The reliance on a narrow cash buffer suggests that the company is vulnerable to liquidity shocks, particularly given the capital-intensive nature of its manufacturing operations. This position appears strained compared to historical norms and warrants close monitoring of the company's ability to fund ongoing capital requirements.
The P/E ratio is frequently misapplied to Tredegar, as it obscures the impact of volatile commodity pass-through costs and non-recurring restructuring charges that distort net income, making it a poor metric for assessing the underlying earning power of the company's specialty film and aluminum fabrication segments.
Analysts should instead prioritize metrics like EV/EBITDA or Net Sales excluding commodity costs to better gauge the true operational performance of the business. Relying on P/E in a cyclical, pass-through pricing model risks misinterpreting temporary margin compression as a permanent decline in the company's competitive position.
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Quick answers to the most common questions about buying TG stock.
Tredegar Corporation's current P/E ratio is 8.7x. The historical average is 21.3x. This places it at the 13th percentile of its historical range.
Tredegar Corporation's current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.2x.
Tredegar Corporation's return on equity (ROE) is 16.8%. The historical average is 5.1%.
Based on historical data, Tredegar Corporation is trading at a P/E of 8.7x. This is at the 13th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Tredegar Corporation has 15.1% gross margin and 3.9% operating margin.
Tredegar Corporation's Debt/EBITDA ratio is 1.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.