Latest Ratios: P/E Ratio -5.7x · EV/EBITDA 3.9x · ROE -12.0%. (2014–2025 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 | $1.5B | $2.0B | $2.0B | $3.5B | $2.6B | $4.0B | $1.6B | $2.1B | $3.7B | $7.9B | — |
| Enterprise Value | $2.9B | $3.4B | $3.5B | $4.9B | $4.3B | $6.1B | $4.2B | $5.0B | $6.4B | $10.7B | — |
| P/E Ratio → | -5.66 | — | 112.85 | 17.07 | — | 3.58 | — | — | — | 8.99 | — |
| P/S Ratio | 0.10 | 0.14 | 0.14 | 0.23 | 0.19 | 0.29 | 0.13 | 0.13 | 0.21 | 0.49 | — |
| P/B Ratio | 0.74 | 0.93 | 0.80 | 1.35 | 1.09 | 1.34 | 1.03 | 0.96 | 1.33 | 1.71 | — |
| P/FCF | 7.38 | 9.80 | 7.34 | 8.44 | 55.97 | — | — | — | 25.65 | 46.67 | — |
| P/OCF | 3.35 | 4.45 | 3.75 | 5.25 | 9.60 | 15.26 | 6.61 | 6.98 | 5.40 | 10.57 | — |
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 | — | 0.24 | 0.24 | 0.32 | 0.30 | 0.45 | 0.33 | 0.30 | 0.37 | 0.66 | — |
| EV / EBITDA | 3.85 | 4.50 | 4.64 | 6.01 | 7.62 | 9.92 | 11.34 | 7.49 | — | 7.30 | — |
| EV / EBIT | 6.71 | 30.42 | 10.78 | 10.09 | 16.84 | 3.62 | — | 29.37 | — | 8.98 | — |
| EV / FCF | — | 16.85 | 12.61 | 11.87 | 90.67 | — | — | — | 44.83 | 63.05 | — |
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 | 6.6% | 6.6% | 6.3% | 6.7% | 5.7% | 6.0% | 4.7% | 4.8% | 5.2% | 8.7% | 9.6% |
| Operating Margin | 3.0% | 3.0% | 2.9% | 3.1% | 1.5% | 2.1% | 0.3% | 2.1% | -6.1% | 6.8% | 2.2% |
| Net Profit Margin | -1.9% | -1.9% | 0.1% | 1.3% | -0.8% | 8.1% | -3.8% | -2.5% | -9.7% | 5.4% | -9.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.0% | -12.0% | 0.7% | 8.2% | -4.5% | 48.9% | -25.5% | -16.3% | -45.6% | 19.5% | -30.1% |
| ROA | -3.1% | -3.1% | 0.2% | 2.2% | -1.2% | 10.5% | -4.7% | -3.8% | -14.0% | 6.7% | -13.1% |
| ROIC | 8.7% | 8.7% | 7.9% | 8.9% | 3.4% | 4.6% | 0.7% | 4.9% | -12.4% | 10.9% | 4.1% |
| ROCE | 8.0% | 8.0% | 7.4% | 8.4% | 3.2% | 4.2% | 0.6% | 5.2% | -13.6% | 12.5% | 4.9% |
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 | 1.11 | 1.11 | 0.95 | 0.97 | 1.07 | 1.25 | 2.73 | 1.67 | 1.24 | 0.75 | 0.81 |
| Debt / EBITDA | 3.14 | 3.14 | 3.19 | 3.10 | 4.61 | 5.97 | 11.52 | 5.64 | — | 2.38 | 5.00 |
| Net Debt / Equity | — | 0.67 | 0.58 | 0.55 | 0.67 | 0.74 | 1.66 | 1.26 | 0.99 | 0.60 | 0.79 |
| Net Debt / EBITDA | 1.88 | 1.88 | 1.94 | 1.74 | 2.92 | 3.51 | 6.99 | 4.24 | — | 1.90 | 4.85 |
| Debt / FCF | — | 7.05 | 5.27 | 3.43 | 34.70 | — | — | — | 19.18 | 16.38 | — |
| Interest Coverage | 0.55 | 0.55 | 1.70 | 2.40 | 1.35 | 6.57 | -0.00 | 0.85 | -6.80 | 6.90 | 18.90 |
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 | 1.12 | 1.12 | 1.11 | 1.15 | 1.19 | 1.45 | 1.17 | 1.07 | 1.03 | 1.04 | 1.34 |
| Quick Ratio | 0.93 | 0.93 | 0.90 | 0.93 | 0.92 | 1.17 | 0.99 | 0.87 | 0.83 | 0.87 | 1.18 |
| Cash Ratio | 0.26 | 0.26 | 0.26 | 0.30 | 0.27 | 0.43 | 0.44 | 0.24 | 0.16 | 0.16 | 0.02 |
| Asset Turnover | — | 1.62 | 1.57 | 1.63 | 1.54 | 1.27 | 1.23 | 1.60 | 1.59 | 1.23 | 1.29 |
| Inventory Turnover | 19.53 | 19.53 | 18.15 | 17.08 | 13.97 | 13.17 | 17.63 | 19.83 | 20.06 | 20.14 | 23.07 |
| Days Sales Outstanding | — | 47.03 | 47.12 | 44.43 | 47.87 | 38.05 | 47.27 | 42.07 | 43.76 | 50.07 | 45.13 |
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 | — | — | — | — | — | — | 4.4% | 1.2% | 2.8% | 0.7% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 5.9% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.9% | 5.9% | — | 27.9% | — | — | — | 11.1% | — |
| FCF Yield | 13.6% | 10.2% | 13.6% | 11.9% | 1.8% | — | — | — | 3.9% | 2.1% | — |
| Buyback Yield | 8.3% | 6.3% | 13.5% | 1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | — |
| Total Shareholder Yield | 8.3% | 6.3% | 13.5% | 1.9% | 0.0% | 0.0% | 4.4% | 1.2% | 2.8% | 1.2% | — |
| Shares Outstanding | — | $83M | $90M | $95M | $95M | $96M | $94M | $94M | $93M | $94M | $94M |
High operating leverage volatility
Based on current market data, Adient trades at a forward EV/EBITDA of 3.18x, a significant discount to peers like Lear Corporation, which suggests that investors are pricing in substantial execution risk regarding the company's ability to sustain profitability in a volatile automotive production environment.
The low P/S ratio of 0.11x highlights the market's view of Adient as a low-margin assembly business rather than a technology-driven supplier. This valuation appears to imply that the market expects little to no margin expansion, effectively discounting the potential for 'smart seating' content to drive future earnings growth.
As reported in financial statements, Adient's ROIC has remained stagnant, fluctuating between 1.6% and 2.5% over the last ten quarters, which indicates that the company is struggling to generate returns that exceed its likely cost of capital in a capital-intensive manufacturing sector.
The inability to consistently push ROIC above the low single digits suggests that the company's asset base is not being utilized efficiently to generate value. Investors should monitor whether future platform launches can improve these returns or if the current structural constraints will continue to suppress capital efficiency.
According to recent quarterly filings, Adient's cash conversion cycle has remained near zero or negative, with a 2026Q2 figure of -9 days, reflecting the company's ability to leverage supplier payment terms to offset the inherent inefficiencies of its just-in-sequence manufacturing model.
While a negative CCC is typically a sign of operational strength, in Adient's case, it appears to be a necessity to manage liquidity given the thin gross margins. This reliance on extended DPO suggests that any disruption in supplier relationships could immediately pressure the company's already fragile cash position.
Based on the provided quarterly data, Adient maintains a current ratio of approximately 1.10, which provides a minimal buffer against operational shocks and suggests that the company lacks the financial resilience to absorb prolonged production downturns without risking significant liquidity stress.
The quick ratio of 0.91 further underscores the company's dependence on inventory turnover to meet short-term obligations. This liquidity profile warrants close monitoring, as any unexpected decline in OEM demand could quickly exhaust available cash reserves given the high fixed-cost nature of the business.
The P/E ratio is frequently misapplied to Adient's business model, as the company's earnings are heavily distorted by non-recurring restructuring charges and equity income volatility, making it a poor indicator of the underlying cash-generating capacity of the seating assembly operations.
Analysts should instead focus on EV/EBITDA or FCF yield, which better account for the company's capital structure and the cash-generating power of its joint ventures. Relying on P/E in this context obscures the true operational performance and may lead to incorrect conclusions regarding the company's valuation relative to its peers.
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Quick answers to the most common questions about buying ADNT stock.
Adient plc's current P/E ratio is -5.7x. The historical average is 35.6x.
Adient plc's current EV/EBITDA is 3.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.4x.
Adient plc's return on equity (ROE) is -12.0%. The historical average is -3.6%.
Based on historical data, Adient plc is trading at a P/E of -5.7x. Compare with industry peers and growth rates for a complete picture.
Adient plc has 6.6% gross margin and 3.0% operating margin.
Adient plc's Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.