Transcat, Inc. (TRNS) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Industrial - Distribution
EV/EBITDA
↓
24.76
-0% vs avg
5yr avg: 24.79
30Y Low4.6·High28.3
P/FCF
↓
43.60
↓-23% vs avg
5yr avg: 56.33
30Y Low2.4·High90.7
P/B Ratio
↓
2.83
↓-38% vs avg
5yr avg: 4.54
30Y Low0.7·High7.1
ROE
↓
1.8%
↑-78% vs avg
5yr avg: 8.3%
30Y Low-100%·High55%
Debt/EBITDA
↑
3.27
↑+59% vs avg
5yr avg: 2.06
30Y Low0.1·High6.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TRNS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Transcat, Inc. trades at 160.1x earnings, 124% above its 5-year average of 71.6x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.8x, the stock trades at a premium of 521%. On a free-cash-flow basis, the stock trades at 43.6x P/FCF, 23% below the 5-year average of 56.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $852M | $666M | $679M | $931M | $683M | $616M | $370M | $198M | $173M | $114M | $90M |
| Enterprise Value | $976M | $790M | $735M | $933M | $746M | $672M | $397M | $235M | $193M | $137M | $117M |
| P/E Ratio → | 160.11 | 125.12 | 46.74 | 68.36 | 63.85 | 54.09 | 47.65 | 24.54 | 24.19 | 19.32 | 19.84 |
| P/S Ratio | 2.57 | 2.01 | 2.44 | 3.59 | 2.96 | 3.00 | 2.14 | 1.15 | 1.07 | 0.74 | 0.63 |
| P/B Ratio | 2.83 | 2.21 | 2.37 | 4.13 | 6.86 | 7.15 | 4.93 | 2.96 | 2.90 | 2.23 | 2.08 |
| P/FCF | 43.60 | 34.05 | 26.33 | 48.13 | 90.67 | 82.48 | 21.76 | 39.82 | 31.04 | 28.63 | 39.37 |
| P/OCF | 24.46 | 19.10 | 17.42 | 28.53 | 40.32 | 34.95 | 15.67 | 17.16 | 13.75 | 11.58 | 11.97 |
P/E links to full P/E history page with 30-year chart
TRNS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Transcat, Inc.'s enterprise value stands at 24.8x EBITDA, roughly in line with its 5-year average of 24.8x. The Industrials sector median is 13.7x, placing the stock at a 81% 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 | — | 2.38 | 2.64 | 3.59 | 3.24 | 3.28 | 2.29 | 1.36 | 1.20 | 0.88 | 0.81 |
| EV / EBITDA | 24.76 | 20.02 | 20.18 | 27.98 | 27.43 | 28.34 | 21.31 | 13.43 | 11.63 | 9.09 | 8.27 |
| EV / EBIT | 73.62 | 59.54 | 38.45 | 46.00 | 46.92 | 48.00 | 35.89 | 21.67 | 18.86 | 14.96 | 14.72 |
| EV / FCF | — | 40.39 | 28.51 | 48.23 | 99.01 | 90.01 | 23.35 | 47.19 | 34.68 | 34.21 | 50.91 |
TRNS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Transcat, Inc. earns an operating margin of 4.0%, roughly in line with the Industrials sector average. Operating margins have compressed from 7.6% to 4.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 1.8% is modest, trailing the sector median of 8.2%. ROIC of 2.6% represents below-average 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 | 32.6% | 32.6% | 32.1% | 32.3% | 29.6% | 28.5% | 26.6% | 24.5% | 24.5% | 24.1% | 24.3% |
| Operating Margin | 4.0% | 4.0% | 6.4% | 7.6% | 7.0% | 6.9% | 6.4% | 6.3% | 6.4% | 5.8% | 5.5% |
| Net Profit Margin | 1.6% | 1.6% | 5.2% | 5.3% | 4.6% | 5.6% | 4.5% | 4.7% | 4.4% | 3.8% | 3.1% |
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 | 1.8% | 1.8% | 5.7% | 8.4% | 11.5% | 14.1% | 11.0% | 12.7% | 12.9% | 12.5% | 11.0% |
| ROA | 1.2% | 1.2% | 4.3% | 5.6% | 5.7% | 7.3% | 6.0% | 6.9% | 7.1% | 6.3% | 5.4% |
| ROIC | 2.6% | 2.6% | 4.7% | 7.6% | 8.0% | 8.7% | 8.1% | 8.9% | 10.0% | 9.4% | 9.4% |
| ROCE | 3.3% | 3.3% | 5.9% | 9.4% | 10.2% | 11.0% | 10.3% | 11.4% | 12.9% | 12.2% | 11.9% |
TRNS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Transcat, Inc. carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (roughly in line with the sector average of 3.2x). Net debt stands at $124M ($129M total debt minus $5M cash). Interest coverage of just 2.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.43 | 0.43 | 0.20 | 0.10 | 0.65 | 0.67 | 0.37 | 0.55 | 0.35 | 0.45 | 0.63 |
| Debt / EBITDA | 3.27 | 3.27 | 1.58 | 0.65 | 2.37 | 2.43 | 1.48 | 2.12 | 1.27 | 1.52 | 1.93 |
| Net Debt / Equity | — | 0.41 | 0.20 | 0.01 | 0.63 | 0.65 | 0.36 | 0.55 | 0.34 | 0.43 | 0.61 |
| Net Debt / EBITDA | 3.14 | 3.14 | 1.54 | 0.06 | 2.31 | 2.37 | 1.45 | 2.09 | 1.22 | 1.48 | 1.87 |
| Debt / FCF | — | 6.34 | 2.18 | 0.10 | 8.34 | 7.53 | 1.58 | 7.36 | 3.63 | 5.58 | 11.54 |
| Interest Coverage | 2.51 | 2.51 | 23.96 | 11.05 | 6.58 | 17.28 | 10.15 | 9.69 | 10.29 | 8.47 | 10.30 |
TRNS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Transcat, Inc.'s current ratio of 2.33x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.99x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.14x to 2.33x 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 | 2.33 | 2.33 | 2.29 | 3.14 | 2.39 | 2.15 | 1.95 | 2.32 | 2.03 | 1.92 | 1.80 |
| Quick Ratio | 1.99 | 1.99 | 1.87 | 2.62 | 1.79 | 1.70 | 1.48 | 1.64 | 1.39 | 1.32 | 1.28 |
| Cash Ratio | 0.12 | 0.12 | 0.04 | 1.05 | 0.05 | 0.05 | 0.02 | 0.02 | 0.04 | 0.03 | 0.04 |
| Asset Turnover | — | 0.69 | 0.72 | 0.90 | 1.18 | 1.15 | 1.31 | 1.35 | 1.53 | 1.60 | 1.56 |
| Inventory Turnover | 16.31 | 16.31 | 13.05 | 10.09 | 9.58 | 11.53 | 10.93 | 9.21 | 8.50 | 9.30 | 10.60 |
| Days Sales Outstanding | — | 72.41 | 73.83 | 67.92 | 71.56 | 71.76 | 72.39 | 67.65 | 64.85 | 61.28 | 59.04 |
TRNS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Transcat, Inc. returns 0.1% to shareholders annually primarily through share buybacks. The earnings yield of 0.6% (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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 0.6% | 0.8% | 2.1% | 1.5% | 1.6% | 1.8% | 2.1% | 4.1% | 4.1% | 5.2% | 5.0% |
| FCF Yield | 2.3% | 2.9% | 3.8% | 2.1% | 1.1% | 1.2% | 4.6% | 2.5% | 3.2% | 3.5% | 2.5% |
| Buyback Yield | 0.1% | 0.1% | 0.5% | 0.5% | 0.1% | 1.1% | 0.8% | 1.4% | 0.1% | 0.3% | 0.1% |
| Total Shareholder Yield | 0.1% | 0.1% | 0.5% | 0.5% | 0.1% | 1.1% | 0.8% | 1.4% | 0.1% | 0.3% | 0.1% |
| Shares Outstanding | — | $9M | $9M | $8M | $8M | $8M | $8M | $7M | $8M | $7M | $7M |
Peer Comparison
Compare TRNS 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 |
|---|---|---|---|---|---|---|---|---|---|
 TRNSYou | $852M | 160.1 | 24.8 | 43.6 | 32.6% | 4.0% | 1.8% | 2.6% | 3.3 |
 SPXC | $12B | 45.5 | 23.2 | 47.9 | 36.7% | 16.8% | 13.6% | 13.4% | 1.0 |
 NVST | $4B | 87.9 | 13.2 | 17.4 | 55.0% | 8.3% | 1.6% | 4.8% | 5.0 |
 TISI | $76M | -1.4 | 8.2 | — | 23.4% | 1.7% | -337.0% | 3.4% | 7.0 |
 MGRC | $3B | 18.1 | 9.6 | 13.4 | 46.1% | 25.9% | 13.2% | 10.5% | 1.5 |
 FTV | $19B | 34.6 | 17.3 | 18.9 | 61.0% | 17.7% | 7.0% | 6.0% | 2.6 |
 TDY | $29B | 33.2 | 21.1 | 27.0 | 39.2% | 18.8% | 8.9% | 7.0% | 1.8 |
 ACCO | $373M | 9.2 | 6.8 | 7.3 | 29.8% | 7.1% | 6.5% | 5.5% | 5.1 |
 KEYS | $60B | 71.9 | 50.1 | 46.9 | 62.1% | 17.6% | 15.4% | 11.5% | 2.4 |
 AEIS | $13B | 92.3 | 52.0 | 107.0 | 37.2% | 10.9% | 11.6% | 12.2% | 2.6 |
 DHR | $127B | 35.7 | 18.6 | 24.2 | 60.9% | 20.9% | 7.1% | 5.9% | 2.4 |
| Industrials Median | — | 25.8 | 13.7 | 20.3 | 31.8% | 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 · 30 years · Updated daily
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Compare NowTRNS — Frequently Asked Questions
Quick answers to the most common questions about buying TRNS stock.
What is Transcat, Inc.'s P/E ratio?
Transcat, Inc.'s current P/E ratio is 160.1x. The historical average is 36.5x. This places it at the 100th percentile of its historical range.
What is Transcat, Inc.'s EV/EBITDA?
Transcat, Inc.'s current EV/EBITDA is 24.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.6x.
What is Transcat, Inc.'s ROE?
Transcat, Inc.'s return on equity (ROE) is 1.8%. The historical average is 5.3%.
Is TRNS stock overvalued?
Based on historical data, Transcat, Inc. is trading at a P/E of 160.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Transcat, Inc.'s profit margins?
Transcat, Inc. has 32.6% gross margin and 4.0% operating margin.
How much debt does Transcat, Inc. have?
Transcat, Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.