Turning Point Brands, Inc. (TPB) Financial Ratios
22 years of historical data (2004–2025) · Consumer Defensive · Tobacco
EV/EBITDA
↑
16.30
↑+24% vs avg
5yr avg: 13.11
30Y Low8.5·High24.8
P/FCF
↑
36.23
↑+73% vs avg
5yr avg: 20.93
30Y Low8.8·High49.9
P/B Ratio
↓
4.13
↓-17% vs avg
5yr avg: 4.98
30Y Low3.4·High7.7
ROE
↓
20.7%
-16% vs avg
5yr avg: 24.8%
30Y Low9%·High79%
Debt/EBITDA
↓
3.01
↓-25% vs avg
5yr avg: 3.98
30Y Low2.8·High30.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TPB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Turning Point Brands, Inc. trades at 26.4x earnings, 6% above its 5-year average of 25.0x, sitting at the 50th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a premium of 40%. On a free-cash-flow basis, the stock trades at 36.2x P/FCF, 73% above the 5-year average of 20.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $2.0B | $1.2B | $539M | $391M | $846M | $879M | $573M | $540M | $412M | $221M |
| Enterprise Value | $1.7B | $2.1B | $1.4B | $799M | $705M | $1.1B | $1.2B | $775M | $757M | $612M | $436M |
| P/E Ratio → | 26.37 | 34.86 | 28.08 | 13.09 | 33.80 | 14.99 | 26.68 | 41.45 | 21.27 | 20.32 | 8.22 |
| P/S Ratio | 3.43 | 4.38 | 3.23 | 1.66 | 1.22 | 1.90 | 2.17 | 1.58 | 1.62 | 1.44 | 1.07 |
| P/B Ratio | 4.13 | 5.46 | 6.11 | 3.54 | 3.44 | 6.32 | 7.48 | 5.38 | 6.53 | 7.73 | 6.48 |
| P/FCF | 36.23 | 46.31 | 18.64 | 8.81 | 17.29 | 13.63 | 23.42 | 17.38 | 49.87 | 14.90 | 37.27 |
| P/OCF | 27.69 | 35.39 | 17.35 | 8.05 | 12.90 | 12.40 | 20.13 | 15.16 | 41.23 | 13.89 | 24.18 |
P/E links to full P/E history page with 30-year chart
TPB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Turning Point Brands, Inc.'s enterprise value stands at 16.3x EBITDA, 24% above its 5-year average of 13.1x. The Consumer Defensive sector median is 11.0x, placing the stock at a 48% premium 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 | — | 4.57 | 3.82 | 2.46 | 2.19 | 2.58 | 2.89 | 2.14 | 2.28 | 2.14 | 2.11 |
| EV / EBITDA | 16.30 | 20.60 | 14.93 | 9.48 | 8.53 | 12.04 | 16.86 | 24.75 | 14.67 | 11.80 | 9.72 |
| EV / EBIT | 17.57 | 19.50 | 15.60 | 9.45 | 8.89 | 12.26 | 17.47 | 14.66 | 16.32 | 13.96 | 10.47 |
| EV / FCF | — | 48.27 | 22.08 | 13.06 | 31.19 | 18.49 | 31.19 | 23.51 | 69.95 | 22.11 | 73.64 |
TPB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Turning Point Brands, Inc. earns an operating margin of 20.6%, significantly above the Consumer Defensive sector average of 3.5%. Operating margins have compressed from 24.7% to 20.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 20.7% indicates solid capital efficiency, compared to the sector median of 6.5%. ROIC of 16.6% represents solid returns on invested capital versus a sector median of 5.7%.
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 | 57.1% | 57.1% | 55.9% | 56.3% | 55.4% | 48.9% | 46.9% | 44.2% | 42.9% | 43.7% | 48.7% |
| Operating Margin | 20.6% | 20.6% | 24.0% | 24.7% | 24.7% | 20.3% | 15.9% | 7.5% | 14.6% | 17.3% | 21.1% |
| Net Profit Margin | 12.6% | 12.6% | 11.0% | 11.8% | 3.6% | 11.7% | 9.4% | 4.5% | 7.6% | 7.1% | 13.1% |
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 | 20.7% | 20.7% | 23.3% | 29.0% | 9.4% | 41.4% | 34.1% | 17.2% | 37.2% | 46.3% | 79.0% |
| ROA | 9.3% | 9.3% | 7.5% | 6.7% | 2.0% | 9.5% | 8.1% | 4.1% | 8.1% | 7.1% | 10.1% |
| ROIC | 16.6% | 16.6% | 15.9% | 14.3% | 13.8% | 16.0% | 13.5% | 6.7% | 13.2% | 14.8% | 14.2% |
| ROCE | 16.8% | 16.8% | 18.9% | 16.0% | 14.5% | 18.1% | 15.5% | 8.2% | 18.7% | 20.3% | 18.5% |
TPB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Turning Point Brands, Inc. carries a Debt/EBITDA ratio of 3.0x, which is moderately leveraged (14% below the sector average of 3.5x). Net debt stands at $86M ($309M total debt minus $223M cash). Interest coverage of 4.3x 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 | 0.83 | 0.83 | 1.37 | 2.49 | 3.71 | 3.22 | 2.84 | 2.79 | 2.67 | 3.79 | 6.41 |
| Debt / EBITDA | 3.01 | 3.01 | 2.83 | 4.48 | 5.09 | 4.52 | 4.80 | 9.50 | 4.28 | 3.90 | 4.86 |
| Net Debt / Equity | — | 0.23 | 1.13 | 1.71 | 2.77 | 2.26 | 2.48 | 1.90 | 2.63 | 3.74 | 6.32 |
| Net Debt / EBITDA | 0.84 | 0.84 | 2.33 | 3.09 | 3.80 | 3.17 | 4.20 | 6.46 | 4.21 | 3.85 | 4.80 |
| Debt / FCF | — | 1.97 | 3.45 | 4.25 | 13.90 | 4.87 | 7.77 | 6.13 | 20.09 | 7.21 | 36.37 |
| Interest Coverage | 4.28 | 4.28 | 6.32 | 5.77 | 4.06 | 4.56 | 4.97 | 3.66 | 3.08 | 2.59 | 1.56 |
TPB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Turning Point Brands, Inc.'s current ratio of 5.56x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 4.12x 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 2.67x to 5.56x 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 | 5.56 | 5.56 | 4.42 | 2.67 | 6.23 | 6.18 | 2.89 | 3.39 | 1.75 | 2.08 | 1.90 |
| Quick Ratio | 4.12 | 4.12 | 2.27 | 1.62 | 3.33 | 4.01 | 1.37 | 2.12 | 0.32 | 0.42 | 0.40 |
| Cash Ratio | 2.97 | 2.97 | 1.03 | 1.17 | 2.57 | 3.18 | 0.74 | 1.70 | 0.05 | 0.07 | 0.07 |
| Asset Turnover | — | 0.61 | 0.73 | 0.57 | 0.56 | 0.74 | 0.82 | 0.81 | 0.98 | 1.01 | 0.72 |
| Inventory Turnover | 1.84 | 1.84 | 1.65 | 1.36 | 1.20 | 2.60 | 2.51 | 2.84 | 2.08 | 2.54 | 1.70 |
| Days Sales Outstanding | — | 20.28 | 25.10 | 32.75 | 9.52 | 5.32 | 8.41 | 6.96 | 2.87 | 4.15 | 3.86 |
TPB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Turning Point Brands, Inc. returns 0.4% to shareholders annually — split between a 0.4% dividend yield and 0.0% buyback yield. The payout ratio of 9.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.8% (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 | 0.4% | 0.3% | 0.4% | 0.8% | 1.1% | 0.5% | 0.4% | 0.6% | 0.4% | 0.2% | — |
| Payout Ratio | 9.5% | 9.5% | 12.3% | 11.7% | 36.5% | 7.9% | 10.0% | 21.8% | 9.2% | 3.8% | — |
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 | 3.8% | 2.9% | 3.6% | 7.6% | 3.0% | 6.7% | 3.7% | 2.4% | 4.7% | 4.9% | 12.2% |
| FCF Yield | 2.8% | 2.2% | 5.4% | 11.4% | 5.8% | 7.3% | 4.3% | 5.8% | 2.0% | 6.7% | 2.7% |
| Buyback Yield | 0.0% | 0.0% | 0.5% | 0.2% | 7.5% | 4.6% | 1.2% | 0.0% | 0.1% | 0.7% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.3% | 1.0% | 1.0% | 8.6% | 5.1% | 1.6% | 0.6% | 0.5% | 0.9% | 0.0% |
| Shares Outstanding | — | $19M | $19M | $20M | $18M | $22M | $20M | $20M | $20M | $20M | $18M |
Peer Comparison
Compare TPB 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 |
|---|---|---|---|---|---|---|---|---|---|
 TPBYou | $2B | 26.4 | 16.3 | 36.2 | 57.1% | 20.6% | 20.7% | 16.6% | 3.0 |
 STG | $46M | 0.9 | -0.3 | 2.2 | 86.9% | 22.0% | 47.3% | 84.8% | 0.3 |
 XXII | $2M | -0.1 | — | — | -44.5% | -162.0% | -51.1% | -81.4% | — |
 TPVG | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 MO | $116B | 16.8 | 8.9 | 12.7 | 86.6% | 74.8% | — | 60.4% | 1.7 |
 PM | $278B | 24.6 | 19.0 | 26.1 | 67.1% | 36.7% | — | 33.2% | 2.9 |
 BTI | $128B | 32.8 | 22.0 | 10.2 | 82.9% | 10.6% | 6.0% | 2.4% | 6.3 |
 GPMT | $63M | -1.1 | 20.6 | 23.7 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 CRON | $1B | -110.6 | — | 6679.1 | 32.5% | -1.5% | -0.8% | -0.7% | — |
 AOUT | $154M | -1688.3 | 12.5 | — | 44.6% | -0.1% | -0.0% | -0.1% | 2.5 |
 SWBI | $715M | 39.2 | 12.4 | 6.3 | 26.9% | 5.5% | 4.9% | 5.0% | 0.9 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 16 years · Updated daily
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TPB — Frequently Asked Questions
Quick answers to the most common questions about buying TPB stock.
What is Turning Point Brands, Inc.'s P/E ratio?
Turning Point Brands, Inc.'s current P/E ratio is 26.4x. The historical average is 24.3x. This places it at the 50th percentile of its historical range.
What is Turning Point Brands, Inc.'s EV/EBITDA?
Turning Point Brands, Inc.'s current EV/EBITDA is 16.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
What is Turning Point Brands, Inc.'s ROE?
Turning Point Brands, Inc.'s return on equity (ROE) is 20.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 33.8%.
Is TPB stock overvalued?
Based on historical data, Turning Point Brands, Inc. is trading at a P/E of 26.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Turning Point Brands, Inc.'s dividend yield?
Turning Point Brands, Inc.'s current dividend yield is 0.36% with a payout ratio of 9.5%.
What are Turning Point Brands, Inc.'s profit margins?
Turning Point Brands, Inc. has 57.1% gross margin and 20.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Turning Point Brands, Inc. have?
Turning Point Brands, Inc.'s Debt/EBITDA ratio is 3.0x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.