Latest Ratios: P/E Ratio 9.3x · EV/EBITDA 6.8x · ROE 6.5%. (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 | $378M | $351M | $502M | $579M | $533M | $802M | $812M | $945M | $725M | $1.4B | $1.4B |
| Enterprise Value | $1.2B | $1.2B | $1.4B | $1.5B | $1.6B | $1.9B | $2.0B | $1.8B | $1.5B | $2.2B | $2.1B |
| P/E Ratio → | 9.32 | 8.48 | — | — | — | 7.87 | 13.00 | 8.83 | 6.78 | 10.25 | 15.00 |
| P/S Ratio | 0.25 | 0.23 | 0.30 | 0.32 | 0.27 | 0.40 | 0.49 | 0.48 | 0.37 | 0.69 | 0.92 |
| P/B Ratio | 0.58 | 0.53 | 0.83 | 0.74 | 0.66 | 0.93 | 1.09 | 1.22 | 0.92 | 1.75 | 2.01 |
| P/FCF | 7.45 | 6.90 | 3.79 | 5.04 | 8.72 | 5.80 | 7.82 | 5.53 | 4.51 | 7.78 | 9.67 |
| P/OCF | 5.51 | 5.10 | 3.39 | 4.50 | 6.87 | 5.03 | 6.81 | 4.64 | 3.72 | 6.60 | 8.59 |
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 | — | 0.79 | 0.81 | 0.83 | 0.80 | 0.92 | 1.21 | 0.94 | 0.79 | 1.13 | 1.33 |
| EV / EBITDA | 6.82 | 6.67 | 37.42 | 12.66 | 13.69 | 7.91 | 10.95 | 6.90 | 5.98 | 8.64 | 9.85 |
| EV / EBIT | 11.41 | 11.16 | — | 33.61 | 25.84 | 11.87 | 17.08 | 8.90 | 7.74 | 11.09 | 11.92 |
| EV / FCF | — | 23.76 | 10.21 | 13.31 | 25.59 | 13.52 | 19.30 | 10.75 | 9.59 | 12.70 | 14.10 |
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 | 29.8% | 29.8% | 33.3% | 32.6% | 28.4% | 30.4% | 29.7% | 32.4% | 32.3% | 33.7% | 33.1% |
| Operating Margin | 7.1% | 7.1% | -2.2% | 2.4% | 1.8% | 7.5% | 6.8% | 10.0% | 9.6% | 9.5% | 10.2% |
| Net Profit Margin | 2.7% | 2.7% | -6.1% | -1.2% | -0.7% | 5.0% | 3.7% | 5.5% | 5.5% | 6.8% | 6.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 6.5% | -14.6% | -2.7% | -1.6% | 12.7% | 8.2% | 13.7% | 13.6% | 17.8% | 14.8% |
| ROA | 1.8% | 1.8% | -4.2% | -0.8% | -0.4% | 3.3% | 2.1% | 3.8% | 3.8% | 5.4% | 4.8% |
| ROIC | 5.5% | 5.5% | -1.7% | 1.9% | 1.4% | 5.9% | 4.7% | 9.0% | 8.7% | 9.3% | 9.1% |
| ROCE | 6.1% | 6.1% | -1.9% | 2.1% | 1.5% | 6.2% | 4.8% | 8.9% | 8.4% | 9.4% | 9.8% |
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 | 1.39 | 1.39 | 1.52 | 1.29 | 1.35 | 1.28 | 1.66 | 1.19 | 1.12 | 1.20 | 0.98 |
| Debt / EBITDA | 5.09 | 5.09 | 25.57 | 8.41 | 9.57 | 4.69 | 6.72 | 3.46 | 3.42 | 3.65 | 3.30 |
| Net Debt / Equity | — | 1.29 | 1.40 | 1.21 | 1.27 | 1.24 | 1.61 | 1.16 | 1.03 | 1.11 | 0.92 |
| Net Debt / EBITDA | 4.73 | 4.73 | 23.52 | 7.86 | 9.03 | 4.52 | 6.52 | 3.36 | 3.16 | 3.35 | 3.09 |
| Debt / FCF | — | 16.86 | 6.42 | 8.27 | 16.87 | 7.73 | 11.49 | 5.23 | 5.07 | 4.92 | 4.43 |
| Interest Coverage | 2.36 | 2.36 | -0.66 | 0.78 | 1.33 | 3.41 | 3.03 | 4.78 | 4.83 | 4.85 | 3.54 |
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 | 1.61 | 1.61 | 1.49 | 1.58 | 1.50 | 1.31 | 1.31 | 1.37 | 1.47 | 1.54 | 1.65 |
| Quick Ratio | 0.99 | 0.99 | 0.94 | 0.97 | 0.83 | 0.70 | 0.76 | 0.89 | 0.90 | 1.07 | 1.13 |
| Cash Ratio | 0.14 | 0.14 | 0.15 | 0.12 | 0.11 | 0.06 | 0.07 | 0.05 | 0.11 | 0.14 | 0.11 |
| Asset Turnover | — | 0.68 | 0.75 | 0.69 | 0.70 | 0.66 | 0.54 | 0.70 | 0.70 | 0.70 | 0.75 |
| Inventory Turnover | 3.70 | 3.70 | 4.11 | 3.77 | 3.53 | 3.30 | 3.81 | 4.67 | 3.86 | 5.08 | 4.96 |
| Days Sales Outstanding | — | 86.11 | 76.43 | 85.77 | 71.98 | 74.99 | 78.50 | 84.68 | 80.55 | 87.90 | 91.65 |
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 | 7.0% | 7.7% | 5.7% | 4.9% | 5.4% | 3.2% | 3.0% | 2.6% | 3.5% | — | — |
| Payout Ratio | 65.4% | 65.4% | — | — | — | 25.3% | 39.7% | 22.8% | 23.5% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.7% | 11.8% | — | — | — | 12.7% | 7.7% | 11.3% | 14.7% | 9.8% | 6.7% |
| FCF Yield | 13.4% | 14.5% | 26.4% | 19.8% | 11.5% | 17.3% | 12.8% | 18.1% | 22.2% | 12.9% | 10.3% |
| Buyback Yield | 4.0% | 4.3% | 3.0% | 0.3% | 3.6% | 0.0% | 2.3% | 6.9% | 10.3% | 2.7% | 0.4% |
| Total Shareholder Yield | 11.0% | 12.0% | 8.6% | 5.2% | 9.0% | 3.2% | 5.4% | 9.5% | 13.8% | 2.7% | 0.4% |
| Shares Outstanding | — | $94M | $96M | $95M | $95M | $97M | $96M | $101M | $107M | $111M | $109M |
Secular demand erosion
According to current market data, ACCO trades at a forward P/E of 4.84 and a P/S of 0.25, suggesting that investors are heavily discounting the company's future earnings potential relative to its historical averages and broader industrial peers in the consumer goods space.
The low valuation multiples appear to reflect a market consensus that the company's core stationery business is in a terminal decline phase. While the forward P/E is significantly lower than the TTM P/E of 9.57, this may imply that the market expects a sharp contraction in earnings rather than a recovery, warranting caution regarding the sustainability of current price levels.
Based on reported financial figures, ACCO's ROIC has struggled to maintain positive momentum, frequently dipping into negative territory or hovering near zero, which indicates that the company is failing to generate meaningful returns on its invested capital compared to its cost of capital.
The persistent weakness in ROIC, which reached a low of -5.1% in 2024Q2, suggests that recent acquisitions and capital expenditures have not yet yielded the expected synergies. Investors should monitor whether management can improve asset utilization, as the current trend indicates a decay in value creation rather than compounding.
As reported in financial statements, ACCO's cash conversion cycle remains elevated, peaking at 148 days in 2024Q1, which highlights the significant operational burden of managing seasonal inventory and the inherent difficulty in optimizing working capital within a declining retail-dependent business model.
The high days inventory outstanding, which consistently exceeds 100 days, suggests that the company may be carrying excess stock that risks obsolescence. This inefficiency ties up critical liquidity and forces the company to rely on seasonal sell-throughs to clear the balance sheet, creating a structural vulnerability to demand shocks.
Based on an analysis of ACCO's business model, the P/E ratio is the most commonly misapplied metric, as it fails to account for the significant non-recurring restructuring charges and volatile working capital swings that frequently distort the company's reported net income figures.
Investors should instead focus on EV/EBITDA or free cash flow yield to better capture the underlying operational cash generation of the business. Relying on P/E in this context may lead to a false sense of value, as the metric ignores the capital intensity required to maintain the company's global manufacturing footprint.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ACCO stock.
ACCO Brands Corporation's current P/E ratio is 9.3x. The historical average is 15.0x. This places it at the 37th percentile of its historical range.
ACCO Brands Corporation's current EV/EBITDA is 6.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
ACCO Brands Corporation's return on equity (ROE) is 6.5%. The historical average is -2.4%.
Based on historical data, ACCO Brands Corporation is trading at a P/E of 9.3x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ACCO Brands Corporation's current dividend yield is 7.01% with a payout ratio of 65.4%.
ACCO Brands Corporation has 29.8% gross margin and 7.1% operating margin.
ACCO Brands Corporation's Debt/EBITDA ratio is 5.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.