Tronox Holdings plc (TROX) Financial Ratios
25 years of historical data (2001–2025) · Basic Materials · Chemicals
EV/EBITDA
↑
17.78
↑+89% vs avg
5yr avg: 9.42
30Y Low6.3·High32.3
P/FCF
↑
N/A
—
5yr avg: 10.39
30Y Low6.6·High97.8
P/B Ratio
↓
1.11
+6% vs avg
5yr avg: 1.04
30Y Low0.4·High2.4
ROE
↓
-29.0%
↑-1512% vs avg
5yr avg: -1.8%
30Y Low-29%·High101%
Debt/EBITDA
↑
12.78
↑+101% vs avg
5yr avg: 6.34
30Y Low1.6·High24.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TROX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Tronox Holdings plc currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| 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 | $661M | $1.6B | $2.2B | $2.2B | $3.8B | $2.1B | $1.6B | $956M | $2.5B | $1.2B |
| Enterprise Value | $5.0B | $4.0B | $4.4B | $4.9B | $4.7B | $6.2B | $4.9B | $4.4B | $3.1B | $4.5B | $4.0B |
| P/E Ratio → | -3.41 | — | — | — | 4.34 | 13.28 | 2.19 | — | — | — | — |
| P/S Ratio | 0.56 | 0.23 | 0.52 | 0.78 | 0.62 | 1.06 | 0.77 | 0.60 | 0.53 | 1.44 | 0.57 |
| P/B Ratio | 1.11 | 0.46 | 0.89 | 1.12 | 0.90 | 1.86 | 1.13 | 1.74 | 1.11 | 2.41 | 1.03 |
| P/FCF | — | — | — | — | 12.67 | 8.11 | 13.24 | 6.57 | 18.04 | 13.47 | 13.02 |
| P/OCF | 9999.00 | 11014.64 | 5.30 | 12.04 | 3.60 | 5.13 | 5.97 | 3.62 | 5.62 | 8.98 | 5.68 |
P/E links to full P/E history page with 30-year chart
TROX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Tronox Holdings plc's enterprise value stands at 17.8x EBITDA, 89% above its 5-year average of 9.4x. The Basic Materials sector median is 11.4x, placing the stock at a 56% 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 | — | 1.39 | 1.44 | 1.72 | 1.35 | 1.74 | 1.77 | 1.67 | 1.69 | 2.64 | 1.91 |
| EV / EBITDA | 17.78 | 14.38 | 8.79 | 10.61 | 6.30 | 7.03 | 8.47 | 11.79 | 7.71 | 13.66 | 32.29 |
| EV / EBIT | — | — | 18.45 | 24.71 | 10.76 | 11.72 | 16.63 | 42.11 | 13.06 | 44.38 | — |
| EV / FCF | — | — | — | — | 27.40 | 13.30 | 30.45 | 18.19 | 58.17 | 24.63 | 43.52 |
TROX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Tronox Holdings plc earns an operating margin of -0.7%, below the Basic Materials sector average of 9.8%. Operating margins have compressed from 6.5% to -0.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -29.0% indicates the company is currently destroying shareholder equity.
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 | 9.3% | 9.3% | 16.8% | 16.2% | 24.1% | 25.1% | 22.5% | 17.6% | 27.4% | 22.9% | 11.8% |
| Operating Margin | -0.7% | -0.7% | 7.1% | 6.5% | 13.3% | 16.2% | 9.8% | 3.6% | 11.0% | 8.3% | -2.5% |
| Net Profit Margin | -16.2% | -16.2% | -1.6% | -11.1% | 14.4% | 8.0% | 35.1% | -4.1% | -0.4% | -16.8% | -2.9% |
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 | -29.0% | -29.0% | -2.5% | -14.4% | 22.4% | 14.6% | 69.5% | -12.3% | -0.7% | -26.2% | -5.4% |
| ROA | -7.7% | -7.7% | -0.8% | -5.1% | 8.1% | 4.6% | 16.4% | -2.2% | -0.1% | -5.8% | -1.2% |
| ROIC | -0.3% | -0.3% | 3.5% | 2.9% | 7.3% | 9.5% | 4.9% | 2.1% | 5.0% | 3.0% | -1.0% |
| ROCE | -0.4% | -0.4% | 4.2% | 3.4% | 8.6% | 10.6% | 5.2% | 2.1% | 4.5% | 3.2% | -1.2% |
TROX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Tronox Holdings plc carries a Debt/EBITDA ratio of 12.8x, which is highly leveraged (386% above the sector average of 2.6x). Net debt stands at $3.4B ($3.6B total debt minus $211M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.48 | 2.48 | 1.67 | 1.49 | 1.11 | 1.30 | 1.82 | 3.41 | 3.67 | 3.10 | 2.63 |
| Debt / EBITDA | 12.78 | 12.78 | 5.93 | 6.40 | 3.61 | 3.00 | 5.91 | 8.34 | 7.90 | 9.59 | 24.63 |
| Net Debt / Equity | — | 2.33 | 1.59 | 1.35 | 1.04 | 1.19 | 1.47 | 3.08 | 2.47 | 2.00 | 2.42 |
| Net Debt / EBITDA | 12.02 | 12.02 | 5.63 | 5.81 | 3.39 | 2.74 | 4.79 | 7.53 | 5.32 | 6.19 | 22.63 |
| Debt / FCF | — | — | — | — | 14.73 | 5.19 | 17.21 | 11.62 | 40.13 | 11.16 | 30.50 |
| Interest Coverage | -1.42 | -1.42 | 1.44 | 1.25 | 3.46 | 3.38 | 1.55 | 0.52 | 1.22 | 0.54 | -0.43 |
TROX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Tronox Holdings plc's current ratio of 2.46x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 0.67x 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 2.84x to 2.46x 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 | 2.46 | 2.46 | 2.47 | 2.84 | 2.31 | 2.49 | 3.14 | 2.95 | 8.48 | 7.48 | 4.85 |
| Quick Ratio | 0.67 | 0.67 | 0.69 | 0.95 | 0.80 | 1.22 | 1.73 | 1.34 | 6.88 | 6.14 | 3.97 |
| Cash Ratio | 0.23 | 0.23 | 0.17 | 0.36 | 0.19 | 0.28 | 0.80 | 0.43 | 3.45 | 3.16 | 0.44 |
| Asset Turnover | — | 0.47 | 0.51 | 0.46 | 0.55 | 0.60 | 0.42 | 0.50 | 0.39 | 0.35 | 0.42 |
| Inventory Turnover | 1.59 | 1.59 | 1.65 | 1.68 | 2.05 | 2.55 | 1.88 | 1.93 | 2.76 | 2.77 | 3.70 |
| Days Sales Outstanding | — | 36.53 | 31.82 | 38.42 | 40.47 | 65.09 | 74.24 | 67.42 | 64.01 | 72.23 | 50.40 |
TROX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tronox Holdings plc returns 3.0% to shareholders annually primarily through dividends.
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 | 3.0% | 7.3% | 5.0% | 4.0% | 4.0% | 1.7% | 1.9% | 1.7% | 2.4% | 0.9% | 3.8% |
| Payout Ratio | — | — | — | — | 17.5% | 22.7% | 4.1% | — | — | — | — |
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 | — | — | — | — | 23.0% | 7.5% | 45.8% | — | — | — | — |
| FCF Yield | — | — | — | — | 7.9% | 12.3% | 7.6% | 15.2% | 5.5% | 7.4% | 7.7% |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 0.0% | 2.3% | 0.0% | 0.1% | 18.0% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 3.0% | 7.3% | 5.1% | 4.0% | 6.4% | 1.7% | 2.0% | 19.7% | 2.4% | 0.9% | 3.9% |
| Shares Outstanding | — | $158M | $158M | $156M | $157M | $158M | $145M | $140M | $123M | $120M | $116M |
Peer Comparison
Compare TROX 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 |
|---|---|---|---|---|---|---|---|---|---|
 TROXYou | $2B | -3.4 | 17.8 | — | 9.3% | -0.7% | -29.0% | -0.3% | 12.8 |
 CC | $4B | -9.2 | 22.3 | 69.7 | 15.5% | -0.1% | -90.2% | -0.1% | 13.7 |
 KRO | $871M | -7.9 | 42.5 | — | 11.5% | -1.7% | -14.1% | -1.9% | 17.4 |
 HUN | $3B | -9.5 | 19.9 | 22.7 | 13.2% | -0.7% | -9.0% | -0.6% | 11.0 |
 EMN | $9B | 18.5 | 9.1 | 20.4 | 21.1% | 10.6% | 8.0% | 6.7% | 3.5 |
 ASH | $2B | -3.0 | — | — | 30.1% | -42.5% | -35.4% | -15.9% | — |
 IOSP | $2B | 16.6 | 8.4 | 21.9 | 27.7% | 8.8% | 8.9% | 10.7% | 0.4 |
 SHW | $80B | 31.5 | 21.4 | 30.1 | 48.9% | 16.1% | 59.4% | 16.5% | 3.3 |
 RPM | $13B | 19.1 | 14.3 | 24.4 | 41.4% | 12.3% | 25.5% | 13.3% | 2.7 |
 PPG | $25B | 16.1 | 11.2 | 21.5 | 38.0% | 13.7% | 92.2% | 23.5% | 2.8 |
 AXTA | $6B | 16.4 | 8.3 | 13.4 | 32.6% | 14.9% | 17.4% | 11.4% | 3.2 |
| Basic Materials Median | — | 22.9 | 11.4 | 27.5 | 31.7% | 9.8% | 1.0% | 4.4% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 22 years · Updated daily
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Start ComparisonTROX — Frequently Asked Questions
Quick answers to the most common questions about buying TROX stock.
What is Tronox Holdings plc's P/E ratio?
Tronox Holdings plc's current P/E ratio is -3.4x. The historical average is 5.4x.
What is Tronox Holdings plc's EV/EBITDA?
Tronox Holdings plc's current EV/EBITDA is 17.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.9x.
What is Tronox Holdings plc's ROE?
Tronox Holdings plc's return on equity (ROE) is -29.0%. The historical average is 0.8%.
Is TROX stock overvalued?
Based on historical data, Tronox Holdings plc is trading at a P/E of -3.4x. Compare with industry peers and growth rates for a complete picture.
What is Tronox Holdings plc's dividend yield?
Tronox Holdings plc's current dividend yield is 2.99%.
What are Tronox Holdings plc's profit margins?
Tronox Holdings plc has 9.3% gross margin and -0.7% operating margin.
How much debt does Tronox Holdings plc have?
Tronox Holdings plc's Debt/EBITDA ratio is 12.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.