Latest Ratios: P/E Ratio 47.0x · EV/EBITDA 20.9x · ROE 3.4%. (1996–2025 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 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $15.3B | $17.1B | $20.5B | $25.5B | $23.0B | $30.9B | $25.1B | $22.5B | $16.5B | $26.7B | $21.7B |
| Enterprise Value | $20.4B | $22.2B | $24.9B | $29.4B | $26.5B | $34.2B | $30.1B | $28.8B | $22.9B | $32.4B | $28.2B |
| P/E Ratio → | 47.04 | 52.64 | 52.13 | 30.23 | 12.25 | 11.87 | 31.34 | — | 22.08 | 45.79 | 21.65 |
| P/S Ratio | 2.21 | 2.48 | 2.88 | 3.32 | 2.26 | 3.03 | 3.33 | 3.44 | 2.21 | 3.71 | 3.42 |
| P/B Ratio | 1.62 | 1.81 | 2.11 | 2.49 | 2.14 | 2.87 | 2.87 | 2.75 | 1.83 | 3.00 | 2.37 |
| P/FCF | 173.46 | 194.32 | 60.18 | 33.81 | 11.13 | 12.04 | 30.47 | 38.70 | 24.15 | 34.12 | 101.10 |
| P/OCF | 27.16 | 30.43 | 20.36 | 17.77 | 8.13 | 9.79 | 16.40 | 23.32 | 14.88 | 22.21 | 29.57 |
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 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.22 | 3.50 | 3.83 | 2.60 | 3.35 | 3.99 | 4.39 | 3.06 | 4.50 | 4.43 |
| EV / EBITDA | 20.92 | 22.80 | 21.01 | 17.43 | 7.45 | 8.29 | 13.79 | 24.80 | 12.16 | 19.59 | 20.32 |
| EV / EBIT | 43.81 | 41.67 | 35.83 | 24.14 | 10.30 | 9.42 | 21.11 | 174.53 | 19.34 | 29.18 | 30.14 |
| EV / FCF | — | 252.37 | 73.14 | 39.02 | 12.82 | 13.30 | 36.55 | 49.48 | 33.37 | 41.38 | 131.08 |
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 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.5% | 7.5% | 18.4% | 21.9% | 35.5% | 40.2% | 27.7% | 17.4% | 25.2% | 26.4% | 21.8% |
| Operating Margin | 6.7% | 6.7% | 9.6% | 15.5% | 30.2% | 35.7% | 22.7% | 9.9% | 18.6% | 15.7% | 12.9% |
| Net Profit Margin | 4.7% | 4.7% | 5.6% | 10.9% | 18.5% | 25.6% | 10.6% | -1.2% | 10.0% | 8.1% | 16.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.4% | 3.4% | 4.0% | 8.0% | 17.5% | 26.7% | 9.4% | -0.9% | 8.3% | 6.4% | 14.6% |
| ROA | 2.0% | 2.0% | 2.4% | 4.9% | 10.7% | 15.4% | 4.9% | -0.5% | 4.2% | 3.1% | 6.5% |
| ROIC | 2.4% | 2.4% | 3.6% | 6.3% | 16.4% | 19.7% | 9.1% | 3.3% | 7.0% | 5.6% | 5.0% |
| ROCE | 3.0% | 3.0% | 4.3% | 7.5% | 19.1% | 22.7% | 11.1% | 4.2% | 8.7% | 6.5% | 5.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.59 | 0.59 | 0.53 | 0.50 | 0.47 | 0.48 | 0.63 | 0.78 | 0.73 | 0.73 | 0.78 |
| Debt / EBITDA | 5.72 | 5.72 | 4.30 | 3.02 | 1.43 | 1.24 | 2.52 | 5.52 | 3.54 | 3.94 | 5.13 |
| Net Debt / Equity | — | 0.54 | 0.45 | 0.38 | 0.33 | 0.30 | 0.57 | 0.77 | 0.70 | 0.64 | 0.70 |
| Net Debt / EBITDA | 5.24 | 5.24 | 3.72 | 2.33 | 0.98 | 0.79 | 2.29 | 5.40 | 3.36 | 3.44 | 4.65 |
| Debt / FCF | — | 58.05 | 12.96 | 5.21 | 1.69 | 1.26 | 6.08 | 10.77 | 9.21 | 7.26 | 29.98 |
| Interest Coverage | 1.95 | 1.95 | 2.59 | 4.35 | 9.54 | 11.59 | 3.22 | 0.44 | 3.15 | 2.82 | 2.17 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.29 | 1.29 | 1.79 | 2.94 | 1.58 | 3.29 | 1.69 | 1.60 | 0.83 | 1.47 | 1.34 |
| Quick Ratio | 0.83 | 0.83 | 1.17 | 2.22 | 1.26 | 2.74 | 1.23 | 1.19 | 0.63 | 1.14 | 1.05 |
| Cash Ratio | 0.36 | 0.36 | 0.70 | 1.48 | 0.91 | 1.97 | 0.52 | 0.14 | 0.17 | 0.71 | 0.56 |
| Asset Turnover | — | 0.42 | 0.43 | 0.45 | 0.59 | 0.58 | 0.46 | 0.40 | 0.43 | 0.40 | 0.33 |
| Inventory Turnover | 10.77 | 10.77 | 9.57 | 10.59 | 11.93 | 11.74 | 12.30 | 13.01 | 14.38 | 13.83 | 13.91 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.0% | 3.5% | 3.3% | 4.8% | 7.0% | 2.9% | 1.5% | 4.5% | 6.0% | 3.5% | 4.3% |
| Payout Ratio | 187.0% | 187.0% | 172.7% | 144.9% | 86.0% | 33.9% | 47.8% | — | 133.0% | 161.7% | 90.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 1.9% | 1.9% | 3.3% | 8.2% | 8.4% | 3.2% | — | 4.5% | 2.2% | 4.6% |
| FCF Yield | 0.6% | 0.5% | 1.7% | 3.0% | 9.0% | 8.3% | 3.3% | 2.6% | 4.1% | 2.9% | 1.0% |
| Buyback Yield | 1.0% | 0.9% | 0.8% | 0.5% | 2.4% | 0.3% | 0.0% | 0.3% | 2.2% | 0.0% | 9.2% |
| Total Shareholder Yield | 5.0% | 4.5% | 4.1% | 5.3% | 9.4% | 3.2% | 1.5% | 4.8% | 8.2% | 3.5% | 13.5% |
| Shares Outstanding | — | $722M | $729M | $732M | $743M | $751M | $748M | $746M | $757M | $757M | $722M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying WY stock.
Weyerhaeuser Company's current P/E ratio is 47.0x. The historical average is 48.4x. This places it at the 56th percentile of its historical range.
Weyerhaeuser Company's current EV/EBITDA is 20.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.8x.
Weyerhaeuser Company's return on equity (ROE) is 3.4%. The historical average is 8.6%.
Based on historical data, Weyerhaeuser Company is trading at a P/E of 47.0x. This is at the 56th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Weyerhaeuser Company's current dividend yield is 3.97% with a payout ratio of 187.0%.
Weyerhaeuser Company has 7.5% gross margin and 6.7% operating margin.
Weyerhaeuser Company's Debt/EBITDA ratio is 5.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Timber price volatility exposure
Metrics are mathematically derived from official filings.
P/FFO Stable Despite Earnings Swings
Weyerhaeuser's P/FFO has held near 13.1 over the past year, as per quarterly data, despite FFO per share swinging from $0.21 to $0.40, suggesting the market is pricing in cyclicality.
The stability in P/FFO around 13.1x, even as FFO per share fluctuated between $0.21 and $0.40, indicates that investors are applying a consistent multiple to normalized earnings. This multiple is below the broader REIT average, reflecting the cyclical nature of timber prices. The implied cap rate, derived from NOI and enterprise value, appears compressed relative to private timberland transactions, suggesting that public market pricing may already discount near-term volatility.
NOI Margin Volatility Signals Cyclicality
NOI margin swung from 20.8% in 2024Q2 to 2.1% in 2025Q4, as reported in financial statements, before recovering to 16.7% in 2026Q2, highlighting the earnings sensitivity to timber prices.
The extreme volatility in NOI margin, with a trough of 2.1% in 2025Q4, underscores the operational leverage inherent in timberland ownership. The recovery to 16.7% in 2026Q2 suggests that recent price improvements are flowing through to profitability. However, the fact that FFO growth has outpaced revenue growth implies that margin expansion, not volume growth, is driving earnings, which may not be sustainable if timber prices retreat.
Payout Ratio Improves but AFFO Gap Widens
FFO payout ratio improved to 52.6% in 2026Q2 from 103.8% in 2024Q1, as per reported figures, but AFFO coverage of dividends fell to 0.53x, indicating a thinning cash buffer.
The FFO payout ratio has normalized from the distressed levels of early 2024, when it exceeded 100%, to a more comfortable 52.6% in 2026Q2. However, the AFFO payout ratio, which is a more conservative measure, remains elevated at approximately 1.9x, meaning AFFO does not fully cover the dividend. This discrepancy arises because AFFO is significantly lower than FFO, with the gap widening to $139M in 2026Q2, suggesting that maintenance capex and other deductions are consuming a larger share of cash flow. Investors should monitor whether this gap persists, as it may indicate that the dividend is not fully covered by distributable cash.
Debt Creep Amid Stable Equity
Debt-to-equity rose from 0.51 to 0.57 over the past year, as per quarterly filings, while interest coverage improved to 3.17x in 2026Q2, indicating manageable but increasing leverage.
The gradual increase in debt-to-equity, from 0.51 in 2024Q2 to 0.57 in 2026Q2, reflects a modest build in leverage as total debt rose to $5.4B while equity remained flat near $9.5B. Despite this, interest coverage of 3.17x in 2026Q2 is adequate, though it has been volatile, dipping to 1.33x in 2025Q4. The company's fixed-rate exposure and maturity profile are not disclosed in the provided data, but the stable asset base suggests refinancing risk is manageable. However, the rising debt load warrants monitoring, especially if timber prices weaken further.
Occupancy and G&A Efficiency Unclear
Occupancy rates and G&A efficiency are not disclosed in the provided data, but the timberland-heavy portfolio and geographic concentration in the US expose Weyerhaeuser to regional timber market dynamics.
Without explicit occupancy or G&A metrics, the analysis relies on the asset composition, which is dominated by timberlands. The PPE reclassification in 2026Q2, which shifted timberlands from current to non-current assets, suggests a strategic focus on long-term timber value. The company's performance is highly correlated with US timber prices, making it vulnerable to regional supply-demand imbalances. Investors should seek additional disclosures on timberland acreage and species mix to better assess portfolio quality.
P/E Misleads Due to Depreciation
Weyerhaeuser's P/E of 56.2 is distorted by significant non-cash depreciation, as per SEC filings, making P/FFO the appropriate valuation metric for this timber REIT.
The standard P/E ratio is misleading for Weyerhaeuser because depreciation and depletion charges, which are substantial for timberland owners, reduce net income far below cash earnings. For example, in 2026Q2, net income of $162M was less than half of FFO of $289M, as reported in financial statements. This distortion inflates the P/E to 56.2, while P/FFO is a more reasonable 13.1. Investors should use P/FFO or P/AFFO to compare Weyerhaeuser to peers, as these metrics adjust for non-cash charges and better reflect the company's ability to generate distributable cash.