Worthington Industries, Inc. (WOR) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Manufacturing - Metal Fabrication
EV/EBITDA
↑
28.83
↑+52% vs avg
5yr avg: 18.98
30Y Low3.8·High35.4
P/FCF
↑
17.29
↑+47% vs avg
5yr avg: 11.78
30Y Low2.3·High40.6
P/B Ratio
↑
2.99
↑+55% vs avg
5yr avg: 1.93
30Y Low0.9·High3.2
ROE
↓
10.5%
↑-54% vs avg
5yr avg: 23.0%
30Y Low-13%·High57%
Debt/EBITDA
↑
3.32
↓-5% vs avg
5yr avg: 3.51
30Y Low1.2·High7.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WOR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Worthington Industries, Inc. trades at 29.1x earnings, 107% above its 5-year average of 14.0x, sitting at the 93rd percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a premium of 13%. On a free-cash-flow basis, the stock trades at 17.3x P/FCF, 47% above the 5-year average of 11.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $3.0B | $2.9B | $1.7B | $1.5B | $2.2B | $1.0B | $1.2B | $1.9B | $1.7B | $1.5B |
| Enterprise Value | $2.8B | $3.0B | $2.9B | $2.0B | $2.3B | $2.3B | $1.6B | $1.9B | $2.5B | $2.0B | $2.0B |
| P/E Ratio → | 29.11 | 30.68 | 25.92 | 6.67 | 3.86 | 3.05 | 13.08 | 8.07 | 9.57 | 8.21 | 10.37 |
| P/S Ratio | 2.39 | 2.56 | 2.31 | 1.20 | 0.28 | 0.70 | 0.34 | 0.33 | 0.52 | 0.56 | 0.53 |
| P/B Ratio | 2.99 | 3.15 | 3.22 | 0.94 | 0.91 | 1.42 | 1.07 | 1.31 | 1.80 | 1.56 | 1.62 |
| P/FCF | 17.29 | 18.55 | 13.91 | 3.17 | — | 11.48 | 4.28 | 10.92 | 9.08 | 6.28 | 4.71 |
| P/OCF | 13.12 | 14.08 | 9.90 | 2.73 | 20.91 | 8.04 | 3.07 | 6.26 | 6.62 | 5.00 | 3.61 |
P/E links to full P/E history page with 30-year chart
WOR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Worthington Industries, Inc.'s enterprise value stands at 28.8x EBITDA, 52% above its 5-year average of 19.0x. The Industrials sector median is 13.9x, placing the stock at a 108% 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 | — | 2.63 | 2.36 | 1.44 | 0.43 | 0.73 | 0.53 | 0.50 | 0.70 | 0.66 | 0.71 |
| EV / EBITDA | 28.83 | 30.87 | 35.41 | 12.42 | 7.52 | 8.68 | 7.15 | 7.95 | 8.90 | 6.82 | 7.40 |
| EV / EBIT | 56.73 | 23.10 | 38.85 | 11.48 | 4.17 | 2.44 | 11.43 | 7.76 | 10.07 | 6.06 | 8.03 |
| EV / FCF | — | 19.03 | 14.26 | 3.80 | — | 12.04 | 6.77 | 16.72 | 12.14 | 7.40 | 6.29 |
WOR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Worthington Industries, Inc. earns an operating margin of 4.3%, roughly in line with the Industrials sector average. ROE of 10.5% is modest. ROIC of 3.8% represents below-average returns on invested capital versus a sector median of 6.3%.
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 | 27.6% | 27.6% | 23.0% | 23.9% | 11.5% | 18.3% | 15.2% | 12.8% | 15.1% | 17.2% | 17.1% |
| Operating Margin | 4.3% | 4.3% | 0.2% | 3.7% | 3.9% | 5.6% | 4.4% | 3.8% | 4.9% | 6.7% | 6.5% |
| Net Profit Margin | 8.3% | 8.3% | 8.9% | 18.1% | 7.2% | 22.8% | 2.6% | 4.1% | 5.4% | 6.8% | 5.1% |
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 | 10.5% | 10.5% | 8.2% | 14.9% | 24.0% | 57.5% | 8.2% | 15.5% | 18.5% | 20.5% | 16.3% |
| ROA | 5.8% | 5.8% | 4.2% | 7.0% | 10.8% | 25.4% | 3.3% | 6.0% | 7.9% | 9.3% | 6.9% |
| ROIC | 3.8% | 3.8% | 0.1% | 1.7% | 7.5% | 8.3% | 6.4% | 6.6% | 8.7% | 10.9% | 9.5% |
| ROCE | 3.4% | 3.4% | 0.1% | 1.9% | 7.7% | 7.9% | 7.2% | 7.5% | 9.3% | 11.8% | 11.5% |
WOR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Worthington Industries, Inc. carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (5% above the sector average of 3.2x). Net debt stands at $76M ($326M total debt minus $250M cash). Interest coverage of 21.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.35 | 0.35 | 0.36 | 0.44 | 0.52 | 0.48 | 0.77 | 0.79 | 0.72 | 0.54 | 0.63 |
| Debt / EBITDA | 3.32 | 3.32 | 3.81 | 4.82 | 2.79 | 2.81 | 3.27 | 3.14 | 2.68 | 1.99 | 2.17 |
| Net Debt / Equity | — | 0.08 | 0.08 | 0.19 | 0.50 | 0.07 | 0.62 | 0.69 | 0.61 | 0.28 | 0.54 |
| Net Debt / EBITDA | 0.77 | 0.77 | 0.88 | 2.06 | 2.68 | 0.40 | 2.63 | 2.75 | 2.24 | 1.04 | 1.86 |
| Debt / FCF | — | 0.48 | 0.35 | 0.63 | — | 0.56 | 2.49 | 5.80 | 3.06 | 1.12 | 1.58 |
| Interest Coverage | 21.70 | 21.70 | 1.38 | 2.86 | 6.53 | 6.24 | 4.25 | 3.77 | 4.62 | 6.87 | 5.91 |
WOR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Worthington Industries, Inc.'s current ratio of 3.48x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.62x 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 2.60x to 3.48x 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 | 3.48 | 3.48 | 3.78 | 2.60 | 1.92 | 2.50 | 2.53 | 1.67 | 1.92 | 2.29 | 2.13 |
| Quick Ratio | 2.62 | 2.62 | 2.86 | 1.76 | 1.10 | 1.78 | 1.49 | 0.98 | 1.22 | 1.61 | 1.39 |
| Cash Ratio | 1.27 | 1.27 | 1.37 | 0.63 | 0.04 | 0.81 | 0.38 | 0.13 | 0.19 | 0.53 | 0.20 |
| Asset Turnover | — | 0.68 | 0.76 | 0.39 | 1.44 | 0.94 | 1.31 | 1.50 | 1.37 | 1.30 | 1.37 |
| Inventory Turnover | 4.93 | 4.93 | 5.83 | 1.77 | 6.11 | 4.59 | 6.41 | 6.77 | 6.69 | 7.05 | 7.32 |
| Days Sales Outstanding | — | 72.32 | 63.62 | 57.78 | 61.14 | 73.88 | 41.69 | 49.36 | 58.53 | 59.81 | 58.28 |
WOR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Worthington Industries, Inc. returns 2.3% to shareholders annually — split between a 1.2% dividend yield and 1.1% buyback yield. The payout ratio of 35.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.4% (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 | 1.2% | 1.1% | 2.0% | 3.5% | 3.9% | 2.4% | 5.2% | 4.2% | 2.8% | 3.0% | 3.2% |
| Payout Ratio | 35.3% | 35.3% | 51.4% | 23.1% | 15.1% | 7.3% | 67.6% | 34.1% | 26.4% | 24.8% | 32.8% |
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 | 3.4% | 3.3% | 3.9% | 15.0% | 25.9% | 32.8% | 7.6% | 12.4% | 10.5% | 12.2% | 9.6% |
| FCF Yield | 5.8% | 5.4% | 7.2% | 31.5% | — | 8.7% | 23.4% | 9.2% | 11.0% | 15.9% | 21.2% |
| Buyback Yield | 1.1% | 1.0% | 0.4% | 0.1% | 12.7% | 8.7% | 5.6% | 14.1% | 11.1% | 0.5% | 6.7% |
| Total Shareholder Yield | 2.3% | 2.2% | 2.4% | 3.6% | 16.6% | 11.1% | 10.7% | 18.3% | 13.8% | 3.6% | 9.9% |
| Shares Outstanding | — | $50M | $50M | $49M | $51M | $54M | $56M | $59M | $63M | $65M | $65M |
Peer Comparison
Compare WOR 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 |
|---|---|---|---|---|---|---|---|---|---|
 WORYou | $3B | 29.1 | 28.8 | 17.3 | 27.6% | 4.3% | 10.5% | 3.8% | 3.3 |
 STLD | $35B | 30.3 | 19.0 | 69.9 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
 RS | $19B | 26.9 | 16.2 | 38.3 | 26.8% | 7.2% | 10.3% | 8.9% | 1.5 |
 CMC | $8B | 97.5 | 10.3 | 25.7 | 15.6% | 6.7% | 2.0% | 8.5% | 1.7 |
 ZEUS | $533M | 24.3 | 10.6 | 127.1 | 23.2% | 2.5% | 4.1% | 4.3% | 4.0 |
 KALU | $3B | 26.6 | 12.9 | — | 9.5% | 5.7% | 15.1% | 7.8% | 3.6 |
 AMCR | $19B | 25.1 | 18.9 | 22.9 | 18.9% | 6.7% | 6.5% | 4.1% | 8.7 |
 BALL | $16B | 17.9 | 10.7 | 19.9 | 14.9% | 10.6% | 16.1% | 9.4% | 3.5 |
 ATI | $23B | 57.9 | 29.7 | 67.7 | 21.8% | 13.8% | 20.9% | 14.5% | 2.4 |
 CRS | $23B | 61.7 | 35.1 | 79.6 | 26.7% | 18.1% | 21.4% | 17.5% | 1.1 |
 MTRN | $4B | 54.9 | 25.3 | 81.8 | 16.7% | 6.5% | 8.3% | 6.0% | 3.2 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonWOR — Frequently Asked Questions
Quick answers to the most common questions about buying WOR stock.
What is Worthington Industries, Inc.'s P/E ratio?
Worthington Industries, Inc.'s current P/E ratio is 29.1x. The historical average is 15.0x. This places it at the 93th percentile of its historical range.
What is Worthington Industries, Inc.'s EV/EBITDA?
Worthington Industries, Inc.'s current EV/EBITDA is 28.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.9x.
What is Worthington Industries, Inc.'s ROE?
Worthington Industries, Inc.'s return on equity (ROE) is 10.5%. The historical average is 13.8%.
Is WOR stock overvalued?
Based on historical data, Worthington Industries, Inc. is trading at a P/E of 29.1x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Worthington Industries, Inc.'s dividend yield?
Worthington Industries, Inc.'s current dividend yield is 1.21% with a payout ratio of 35.3%.
What are Worthington Industries, Inc.'s profit margins?
Worthington Industries, Inc. has 27.6% gross margin and 4.3% operating margin.
How much debt does Worthington Industries, Inc. have?
Worthington Industries, Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.