Valhi, Inc. (VHI) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Chemicals
EV/EBITDA
↑
15.59
-6% vs avg
5yr avg: 16.60
30Y Low1.2·High75.2
P/FCF
↑
N/A
—
5yr avg: 26.48
30Y Low2.1·High175.5
P/B Ratio
↓
0.28
↓-38% vs avg
5yr avg: 0.45
30Y Low0.3·High6.9
ROE
↓
-4.2%
↑-195% vs avg
5yr avg: 4.4%
30Y Low-20%·High41%
Debt/EBITDA
↑
12.36
↓-18% vs avg
5yr avg: 15.13
30Y Low0.4·High21.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
VHI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Valhi, Inc. 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 | $383M | $343M | $667M | $433M | $627M | $819M | $433M | $640M | $660M | $2.1B | $1.2B |
| Enterprise Value | $772M | $732M | $902M | $595M | $729M | $793M | $729M | $939M | $961M | $2.7B | $2.0B |
| P/E Ratio → | -6.70 | — | 6.17 | — | 6.96 | 6.45 | 7.84 | 8.19 | 2.52 | 10.11 | — |
| P/S Ratio | 0.18 | 0.17 | 0.32 | 0.23 | 0.28 | 0.36 | 0.23 | 0.34 | 0.36 | 1.12 | 0.76 |
| P/B Ratio | 0.28 | 0.25 | 0.48 | 0.34 | 0.48 | 0.71 | 0.43 | 0.65 | 0.67 | 2.75 | 2.66 |
| P/FCF | — | — | 50.89 | — | — | 2.07 | 5.00 | 5.45 | 6.34 | 11.36 | 61.00 |
| P/OCF | — | — | 15.15 | 111.00 | 17.97 | 1.78 | 2.85 | 3.61 | 3.99 | 8.14 | 14.83 |
P/E links to full P/E history page with 30-year chart
VHI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Valhi, Inc.'s enterprise value stands at 15.6x EBITDA, 6% below its 5-year average of 16.6x. The Basic Materials sector median is 11.0x, placing the stock at a 42% 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 | — | 0.35 | 0.43 | 0.31 | 0.33 | 0.35 | 0.39 | 0.49 | 0.53 | 1.45 | 1.27 |
| EV / EBITDA | 15.59 | 14.80 | 3.88 | 58.90 | 2.98 | 2.42 | 3.70 | 5.81 | 2.24 | 1.18 | 14.87 |
| EV / EBIT | — | 51.95 | 3.07 | 67.60 | 3.69 | 2.73 | 5.33 | 7.05 | 3.29 | 7.75 | 20.35 |
| EV / FCF | — | — | 68.88 | — | — | 2.01 | 8.40 | 8.00 | 9.23 | 14.63 | 102.50 |
VHI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Valhi, Inc. earns an operating margin of -0.8%, below the Basic Materials sector average of 10.3%. Operating margins have expanded from -2.3% to -0.8% over the past 3 years, signaling improving operational efficiency. A negative ROE of -4.2% 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 | 14.2% | 14.2% | 20.2% | 12.8% | 22.1% | 25.3% | 22.3% | 22.9% | 33.5% | 32.0% | 18.6% |
| Operating Margin | -0.8% | -0.8% | 7.9% | -2.3% | 8.4% | 11.7% | 6.9% | 5.6% | 20.4% | 119.0% | 4.2% |
| Net Profit Margin | -2.8% | -2.8% | 5.1% | -0.5% | 3.9% | 5.5% | 3.0% | 2.6% | 14.4% | 11.0% | -1.0% |
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 | -4.2% | -4.2% | 8.2% | -0.8% | 7.1% | 11.7% | 5.6% | 5.0% | 29.9% | 34.3% | -3.3% |
| ROA | -2.1% | -2.1% | 3.9% | -0.4% | 3.0% | 4.3% | 1.9% | 1.8% | 9.3% | 7.8% | -0.6% |
| ROIC | -0.8% | -0.8% | 8.2% | -2.3% | 11.0% | 16.5% | 7.5% | 6.2% | 20.9% | 127.9% | 3.9% |
| ROCE | -0.8% | -0.8% | 7.6% | -1.9% | 7.6% | 10.5% | 5.1% | 4.4% | 15.0% | 94.7% | 3.0% |
VHI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Valhi, Inc. carries a Debt/EBITDA ratio of 12.4x, which is highly leveraged (408% above the sector average of 2.4x). Net debt stands at $389M ($612M total debt minus $223M cash). Interest coverage of just 0.2x 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 | 0.45 | 0.45 | 0.42 | 0.45 | 0.44 | 0.58 | 0.81 | 0.84 | 0.81 | 1.36 | 2.17 |
| Debt / EBITDA | 12.36 | 12.36 | 2.51 | 56.34 | 2.37 | 2.05 | 4.13 | 5.09 | 1.87 | 0.45 | 7.22 |
| Net Debt / Equity | — | 0.29 | 0.17 | 0.13 | 0.08 | -0.02 | 0.29 | 0.30 | 0.30 | 0.79 | 1.81 |
| Net Debt / EBITDA | 7.86 | 7.86 | 1.01 | 16.04 | 0.42 | -0.08 | 1.50 | 1.85 | 0.70 | 0.26 | 6.02 |
| Debt / FCF | — | — | 17.99 | — | — | -0.07 | 3.41 | 2.55 | 2.89 | 3.27 | 41.51 |
| Interest Coverage | 0.25 | 0.25 | 5.89 | 0.31 | 7.09 | 8.93 | 3.78 | 3.26 | 5.24 | 5.95 | 1.68 |
VHI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Valhi, Inc.'s current ratio of 2.80x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.91x to 2.80x 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 | 2.80 | 2.80 | 2.26 | 2.91 | 3.23 | 3.61 | 4.57 | 4.42 | 4.01 | 3.81 | 2.85 |
| Quick Ratio | 2.80 | 2.80 | 1.19 | 1.73 | 1.93 | 2.62 | 2.88 | 2.80 | 2.54 | 2.61 | 1.62 |
| Cash Ratio | 0.50 | 0.50 | 0.54 | 0.91 | 1.12 | 1.51 | 1.64 | 1.63 | 1.43 | 1.32 | 0.56 |
| Asset Turnover | — | 0.79 | 0.75 | 0.70 | 0.78 | 0.76 | 0.64 | 0.68 | 0.67 | 0.65 | 0.64 |
| Inventory Turnover | — | — | 2.45 | 2.81 | 2.70 | 3.74 | 2.67 | 2.80 | 2.35 | 3.21 | 3.53 |
| Days Sales Outstanding | — | 56.04 | 56.84 | 64.65 | 46.30 | 64.17 | 67.55 | 63.32 | 67.70 | 71.04 | 55.00 |
VHI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Valhi, Inc. returns 2.4% 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 | 2.4% | 2.6% | 1.4% | 2.1% | 1.4% | 1.1% | 3.1% | 4.2% | 4.1% | 1.3% | 2.3% |
| Payout Ratio | — | — | 8.4% | — | 10.3% | 7.1% | 24.6% | 55.1% | 10.3% | 13.1% | — |
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 | — | — | 16.2% | — | 14.4% | 15.5% | 12.8% | 12.2% | 39.7% | 9.9% | — |
| FCF Yield | — | — | 2.0% | — | — | 48.3% | 20.0% | 18.3% | 15.8% | 8.8% | 1.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.7% | 0.6% | 0.2% | 0.2% | 0.5% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.4% | 2.6% | 1.4% | 2.8% | 2.1% | 1.3% | 3.4% | 4.7% | 4.1% | 1.3% | 2.3% |
| Shares Outstanding | — | $29M | $29M | $29M | $29M | $29M | $29M | $29M | $29M | $28M | $28M |
Peer Comparison
Compare VHI 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 |
|---|---|---|---|---|---|---|---|---|---|
 VHIYou | $383M | -6.7 | 15.6 | — | 14.2% | -0.8% | -4.2% | -0.8% | 12.4 |
 KRO | $787M | -7.1 | 58.0 | — | 11.5% | -2.3% | -14.1% | -2.5% | 25.2 |
 HUN | $2B | -7.6 | 17.8 | 18.1 | 13.2% | -0.7% | -9.0% | -0.6% | 11.0 |
 CC | $3B | -8.5 | 21.4 | 64.1 | 15.5% | -0.1% | -90.2% | -0.1% | 13.7 |
 NL | $293M | -7.8 | 13.6 | — | 30.4% | 6.0% | -9.5% | 2.8% | 0.0 |
 COMP | $6B | -100.1 | 76.0 | 29.9 | 10.6% | -0.4% | -9.8% | -2.5% | 5.4 |
 TROX | $1B | -2.5 | 16.2 | — | 9.3% | -0.7% | -29.0% | -0.3% | 12.8 |
 BCPC | $5B | 34.9 | 20.6 | 30.7 | 35.7% | 21.1% | 12.9% | 12.2% | 0.7 |
 IOSP | $2B | 17.7 | 8.9 | 23.2 | 27.7% | 8.8% | 9.1% | 11.2% | 0.4 |
 RTX | $250B | 37.4 | 21.9 | 31.5 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
 LMT | $118B | 23.8 | 16.0 | 17.0 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
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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VHI — Frequently Asked Questions
Quick answers to the most common questions about buying VHI stock.
What is Valhi, Inc.'s P/E ratio?
Valhi, Inc.'s current P/E ratio is -6.7x. The historical average is 11.0x.
What is Valhi, Inc.'s EV/EBITDA?
Valhi, Inc.'s current EV/EBITDA is 15.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.2x.
What is Valhi, Inc.'s ROE?
Valhi, Inc.'s return on equity (ROE) is -4.2%. The historical average is 8.6%.
Is VHI stock overvalued?
Based on historical data, Valhi, Inc. is trading at a P/E of -6.7x. Compare with industry peers and growth rates for a complete picture.
What is Valhi, Inc.'s dividend yield?
Valhi, Inc.'s current dividend yield is 2.36%.
What are Valhi, Inc.'s profit margins?
Valhi, Inc. has 14.2% gross margin and -0.8% operating margin.
How much debt does Valhi, Inc. have?
Valhi, Inc.'s Debt/EBITDA ratio is 12.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.