Latest Ratios: P/E Ratio 19.1x · EV/EBITDA 10.0x · ROE 20.8%. (2022–2025 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 |
|---|---|---|---|---|---|
| Market Cap | $3.6B | $3.0B | — | — | — |
| Enterprise Value | $3.8B | $3.3B | — | — | — |
| P/E Ratio → | 19.13 | 16.32 | — | — | — |
| P/S Ratio | 2.14 | 1.82 | — | — | — |
| P/B Ratio | 3.43 | 2.92 | — | — | — |
| P/FCF | 30.42 | 25.82 | — | — | — |
| P/OCF | 12.83 | 10.89 | — | — | — |
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 |
|---|---|---|---|---|---|
| EV / Revenue | — | 1.97 | — | — | — |
| EV / EBITDA | 10.03 | 8.61 | — | — | — |
| EV / EBIT | 14.04 | 12.24 | — | — | — |
| EV / FCF | — | 27.96 | — | — | — |
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 |
|---|---|---|---|---|---|
| Gross Margin | 26.1% | 26.1% | 25.5% | 22.8% | 16.2% |
| Operating Margin | 16.3% | 16.3% | 15.4% | 14.2% | 7.1% |
| Net Profit Margin | 11.1% | 11.1% | 10.2% | 9.8% | 4.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | 20.8% | 20.8% | 22.6% | 23.7% | 10.6% |
| ROA | 10.7% | 10.7% | 10.8% | 10.5% | 4.3% |
| ROIC | 16.4% | 16.4% | 16.4% | 15.9% | 7.1% |
| ROCE | 18.0% | 18.0% | 21.5% | 21.2% | 8.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 0.45 | 0.45 | 0.61 | 0.57 | 0.78 |
| Debt / EBITDA | 1.22 | 1.22 | 1.31 | 1.29 | 2.50 |
| Net Debt / Equity | — | 0.24 | 0.60 | 0.54 | 0.73 |
| Net Debt / EBITDA | 0.66 | 0.66 | 1.28 | 1.22 | 2.34 |
| Debt / FCF | — | 2.14 | 3.98 | 3.57 | 8.63 |
| Interest Coverage | 11.85 | 11.85 | 9.89 | 10.74 | 4.73 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 3.03 | 3.03 | 1.61 | 0.76 | 1.10 |
| Quick Ratio | 1.91 | 1.91 | 0.66 | 0.37 | 0.54 |
| Cash Ratio | 1.05 | 1.05 | 0.05 | 0.04 | 0.09 |
| Asset Turnover | — | 0.88 | 1.04 | 1.06 | 0.94 |
| Inventory Turnover | 5.43 | 5.43 | 5.35 | 6.46 | 6.32 |
| Days Sales Outstanding | — | 33.72 | 28.68 | 29.21 | 30.77 |
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 |
|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 1.0% | — | — | — |
| Payout Ratio | 15.9% | 15.9% | 51.2% | 21.8% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | 5.2% | 6.1% | — | — | — |
| FCF Yield | 3.3% | 3.9% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.8% | 1.0% | — | — | — |
| Shares Outstanding | — | $183M | $184M | $184M | $184M |
Energy cost volatility exposure
According to current market data, Titan America trades at a P/E of 19.13, which appears elevated relative to its 1.82% revenue growth rate, suggesting that investors are pricing in a defensive premium due to the company's fortress-like balance sheet rather than immediate top-line expansion potential.
The forward P/E of 17.68 implies that the market expects some margin recovery or earnings stability, yet the lack of a PEG ratio highlights the difficulty in justifying the current multiple through growth alone. Compared to peers like Eagle Materials, the valuation appears to reflect a lower risk profile, though it may leave little room for error if infrastructure demand softens.
Based on reported financial statements, Titan America's ROIC has fluctuated between 2.9% and 5.4% over the last ten quarters, indicating that the company is struggling to consistently generate returns that exceed the typical cost of capital for heavy industrial manufacturing firms in the US.
The modest ROIC trend suggests that the heavy capital investment required for cement kilns and distribution terminals acts as a drag on overall efficiency. Investors should monitor whether management can improve asset utilization, as current returns appear significantly lower than those of more specialized aggregate-focused peers.
As noted in recent quarterly filings, the cash conversion cycle has stabilized around 55-60 days, reflecting a significant improvement from the 163-day cycle observed in 2023Q4, which suggests that management has successfully tightened its control over inventory and accounts receivable collection processes.
The reduction in DIO and DSO indicates a more disciplined approach to managing the high-volume ready-mix distribution channel. This efficiency gain is critical for maintaining liquidity, especially given the cyclical nature of construction demand and the inherent lumpiness of large-scale infrastructure project payments.
Data from recent balance sheets reveals a current ratio of 2.99 as of 2026Q1, which represents a substantial increase from 0.76 in 2023Q4, providing the company with an exceptionally strong liquidity cushion to navigate potential energy price shocks or sudden downturns in regional construction activity.
This liquidity position is well above industry norms and suggests that the company is prioritizing financial survival over aggressive capital deployment. While this provides safety, it may also indicate that the firm is holding excess cash that could be more effectively utilized to drive long-term shareholder value.
Investors frequently misapply the debt-to-equity ratio as a primary indicator of financial health for Titan America, failing to account for the fact that the company's 0.45 ratio may obscure an inefficient capital structure that suppresses ROE relative to more levered industry competitors.
While a low debt-to-equity ratio is often viewed as a sign of strength, in a capital-intensive sector like construction materials, it may actually signal a missed opportunity to optimize the cost of capital. Analysts should instead focus on interest coverage and free cash flow generation to assess true solvency.
Includes 30+ ratios · 4 years · Updated daily
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10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TTAM stock.
Titan America S.A.'s current P/E ratio is 19.1x. The historical average is 16.3x. This places it at the 100th percentile of its historical range.
Titan America S.A.'s current EV/EBITDA is 10.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
Titan America S.A.'s return on equity (ROE) is 20.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 19.4%.
Based on historical data, Titan America S.A. is trading at a P/E of 19.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Titan America S.A.'s current dividend yield is 0.83% with a payout ratio of 15.9%.
Titan America S.A. has 26.1% gross margin and 16.3% operating margin. Operating margin between 10-20% is typical for established companies.
Titan America S.A.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.