Toyota Motor Corporation (TM) Financial Ratios
30 years of historical data (1997–2026) · Consumer Cyclical · Auto - Manufacturers
EV/EBITDA
↑
10.30
↑+138% vs avg
5yr avg: 4.32
30Y Low0.1·High9.9
P/FCF
61.75
↑+13512% vs avg
5yr avg: 0.45
30Y Low0.1·High6.2
P/B Ratio
↓
0.89
↑+11492% vs avg
5yr avg: 0.01
30Y Low0.0·High0.9
ROE
↓
10.5%
-10% vs avg
5yr avg: 11.6%
30Y Low-4%·High20%
Debt/EBITDA
↑
6.64
+16% vs avg
5yr avg: 5.75
30Y Low0.1·High12.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Toyota Motor Corporation trades at 9.0x earnings, 12685% above its 5-year average of 0.1x, sitting at the 100th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 58%. On a free-cash-flow basis, the stock trades at 61.8x P/FCF, 13512% above the 5-year average of 0.5x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $226.7B | $268.6B | $231.5B | $340.1B | $193.5B | $250.3B | $221.7B | $170.7B | $172.2B | $195.2B | $166.0B |
| Enterprise Value | $416.9B | $30.95T | $30.04T | $27.49T | $22.06T | $20.63T | $20.60T | $343.1B | $16.75T | $16.49T | $16.33T |
| P/E Ratio → | 8.96 | 0.07 | 0.05 | 0.07 | 0.08 | 0.09 | 0.10 | 0.08 | 0.09 | 0.08 | 0.09 |
| P/S Ratio | 0.68 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| P/B Ratio | 0.89 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.86 | 0.01 | 0.01 | 0.01 |
| P/FCF | 61.75 | 0.45 | — | — | — | — | — | — | 6.22 | 0.32 | — |
| P/OCF | 6.30 | 0.05 | 0.06 | 0.08 | 0.07 | 0.07 | 8.62 | 0.07 | 0.05 | 0.05 | 0.05 |
P/E links to full P/E history page with 30-year chart
TM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Toyota Motor Corporation's enterprise value stands at 10.3x EBITDA, 138% above its 5-year average of 4.3x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 15% discount on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.58 | 0.63 | 0.61 | 0.59 | 0.66 | 0.76 | 0.01 | 0.55 | 0.56 | 0.59 |
| EV / EBITDA | 10.30 | 4.74 | 4.26 | 3.69 | 4.63 | 4.28 | 5.36 | 0.09 | 3.93 | 3.99 | 4.53 |
| EV / EBIT | 16.84 | 7.75 | 4.62 | 3.91 | 5.94 | 5.13 | 6.93 | 0.14 | 7.24 | 6.23 | 7.34 |
| EV / FCF | — | 52.27 | — | — | — | — | — | — | 604.39 | 26.98 | — |
TM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Toyota Motor Corporation earns an operating margin of 7.4%, above the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 11.9% to 7.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.5% is modest. ROIC of 4.3% represents below-average returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.7% | 16.7% | 19.9% | 20.8% | 17.0% | 19.0% | 17.8% | 18.0% | 18.0% | 18.7% | 17.6% |
| Operating Margin | 7.4% | 7.4% | 10.0% | 11.9% | 7.3% | 9.5% | 8.1% | 8.0% | 8.2% | 8.2% | 7.2% |
| Net Profit Margin | 7.6% | 7.6% | 9.9% | 11.0% | 6.6% | 9.1% | 8.3% | 6.8% | 6.2% | 8.5% | 6.6% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.5% | 10.5% | 13.2% | 15.3% | 8.7% | 10.5% | 16.4% | 20.1% | 9.5% | 13.3% | 10.2% |
| ROA | 4.1% | 4.1% | 5.2% | 6.0% | 3.5% | 4.2% | 6.6% | 7.8% | 3.7% | 5.0% | 3.8% |
| ROIC | 4.3% | 4.3% | 5.6% | 7.1% | 4.1% | 4.7% | 6.9% | 9.7% | 5.1% | 5.1% | 4.4% |
| ROCE | 5.9% | 5.9% | 7.7% | 9.6% | 5.7% | 6.5% | 9.5% | 14.1% | 7.5% | 7.5% | 6.4% |
TM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Toyota Motor Corporation carries a Debt/EBITDA ratio of 6.6x, which is highly leveraged (39% above the sector average of 4.8x). Net debt stands at $30.7T ($43.4T total debt minus $12.7T cash). Interest coverage of 43.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.05 | 1.05 | 1.05 | 1.04 | 1.00 | 0.98 | 0.98 | 1.00 | 1.00 | 1.00 | 1.05 |
| Debt / EBITDA | 6.64 | 6.64 | 5.51 | 4.91 | 6.17 | 5.50 | 6.90 | 0.05 | 4.73 | 4.68 | 5.31 |
| Net Debt / Equity | — | 0.74 | 0.81 | 0.77 | 0.75 | 0.75 | 0.75 | 0.87 | 0.83 | 0.84 | 0.89 |
| Net Debt / EBITDA | 4.70 | 4.70 | 4.23 | 3.65 | 4.59 | 4.23 | 5.31 | 0.04 | 3.89 | 3.94 | 4.48 |
| Debt / FCF | — | 51.82 | — | — | — | — | — | — | 598.18 | 26.66 | — |
| Interest Coverage | 43.42 | 43.42 | 77.27 | 108.60 | 78.47 | 123.94 | 60.06 | 51.21 | 82.40 | 95.99 | 75.74 |
TM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.27x means Toyota Motor Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.19x to 1.27x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 1.26 | 1.19 | 1.10 | 1.09 | 1.09 | 1.05 | 1.04 | 1.02 | 1.03 |
| Quick Ratio | 1.12 | 1.12 | 1.10 | 1.03 | 0.93 | 0.91 | 0.91 | 0.91 | 0.89 | 0.88 | 0.89 |
| Cash Ratio | 0.38 | 0.38 | 0.54 | 0.48 | 0.39 | 0.39 | 0.39 | 0.23 | 0.32 | 0.32 | 0.34 |
| Asset Turnover | — | 0.51 | 0.51 | 0.50 | 0.50 | 0.46 | 0.40 | 59.74 | 0.58 | 0.58 | 0.57 |
| Inventory Turnover | 8.68 | 8.68 | 8.36 | 7.76 | 7.25 | 6.65 | 5.86 | 1043.18 | 9.07 | 9.41 | 9.52 |
| Days Sales Outstanding | — | 119.44 | 116.63 | 121.11 | 118.72 | 122.00 | 140.67 | 1.08 | 117.09 | 112.52 | 115.72 |
TM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Toyota Motor Corporation returns 3.7% to shareholders annually — split between a 3.6% dividend yield and 0.1% buyback yield. The payout ratio of 32.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 11.2% (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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.6% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 2.7% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 32.2% | 32.2% | 23.8% | 17.8% | 29.7% | 24.9% | 0.3% | 30.4% | 34.2% | 25.1% | 34.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.2% | 1518.8% | 2036.8% | 1454.0% | 1266.6% | 1138.6% | 1018.4% | 1200.7% | 1093.2% | 1277.6% | 1103.3% |
| FCF Yield | 1.6% | 220.4% | — | — | — | — | — | — | 16.1% | 313.1% | — |
| Buyback Yield | 0.1% | 15.8% | 100.0% | 67.9% | 100.0% | 100.0% | 0.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Total Shareholder Yield | 3.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 2.7% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $1.3B | $1.3B | $1.4B | $1.4B | $1.4B | $1.4B | $1.4B | $1.5B | $1.5B | $1.5B |
Peer Comparison
Compare TM 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 |
|---|---|---|---|---|---|---|---|---|---|
 TMYou | $227B | 9.0 | 10.3 | 61.8 | 16.7% | 7.4% | 10.5% | 4.3% | 6.6 |
 GM | $71B | 24.2 | 10.3 | 6.5 | 10.9% | 1.6% | 4.2% | 1.3% | 7.4 |
 F | $55B | -6.8 | 23.4 | 4.4 | 12.2% | 1.4% | -20.2% | 1.0% | 19.7 |
 STLA | $18B | -0.6 | — | — | -2.7% | -14.5% | -38.6% | -25.3% | — |
 HMC | $34B | -12.6 | 14.8 | 9.9 | 16.5% | -1.9% | -3.6% | -2.0% | 14.4 |
 TSLA | $1.5T | 370.8 | 142.3 | 241.6 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 |
 RIVN | $20B | -5.4 | — | — | 2.7% | -66.5% | -65.4% | -36.7% | — |
 LCID | $2B | -0.4 | — | — | -92.8% | -258.7% | -117.6% | -98.7% | — |
 NIO | $12B | -5.1 | — | — | 13.6% | -16.9% | -111.1% | -52.7% | — |
 LI | $13B | 85.9 | — | — | 18.7% | -0.9% | 1.5% | -2.6% | — |
 XPEV | $13B | -37.5 | — | 17.3 | 18.9% | -5.8% | -3.6% | -8.9% | — |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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TM — Frequently Asked Questions
Quick answers to the most common questions about buying TM stock.
What is Toyota Motor Corporation's P/E ratio?
Toyota Motor Corporation's current P/E ratio is 9.0x. The historical average is 0.2x. This places it at the 100th percentile of its historical range.
What is Toyota Motor Corporation's EV/EBITDA?
Toyota Motor Corporation's current EV/EBITDA is 10.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.9x.
What is Toyota Motor Corporation's ROE?
Toyota Motor Corporation's return on equity (ROE) is 10.5%. The historical average is 10.1%.
Is TM stock overvalued?
Based on historical data, Toyota Motor Corporation is trading at a P/E of 9.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Toyota Motor Corporation's dividend yield?
Toyota Motor Corporation's current dividend yield is 3.59% with a payout ratio of 32.2%.
What are Toyota Motor Corporation's profit margins?
Toyota Motor Corporation has 16.7% gross margin and 7.4% operating margin.
How much debt does Toyota Motor Corporation have?
Toyota Motor Corporation's Debt/EBITDA ratio is 6.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.