Latest Ratios: P/E Ratio 27.8x · EV/EBITDA 20.1x · 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 | $20.5B | $2.9B | $2.8B | $2.9B | $3.8B | $3.6B | $3.3B | $3.3B | — | — | — |
| Enterprise Value | $34.7B | $17.1B | $9.4B | $9.5B | $10.0B | $9.5B | $9.2B | $8.8B | — | — | — |
| P/E Ratio → | 27.78 | 5.74 | 3.87 | 2.83 | 4.69 | 3.82 | 5.37 | 7.66 | — | — | — |
| P/S Ratio | 1.37 | 0.20 | 0.21 | 0.20 | 0.26 | 0.28 | 0.26 | 0.35 | — | — | — |
| P/B Ratio | 1.21 | 0.25 | 0.71 | 0.72 | 0.91 | 0.74 | 0.70 | 0.58 | — | — | — |
| P/FCF | 25.36 | 3.61 | 3.40 | 4.01 | 3.77 | 3.59 | 3.32 | 7.45 | — | — | — |
| P/OCF | 14.78 | 2.11 | 2.13 | 2.34 | 2.47 | 2.44 | 2.36 | 4.26 | — | — | — |
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 | — | 1.14 | 0.69 | 0.64 | 0.69 | 0.74 | 0.74 | 0.93 | — | — | — |
| EV / EBITDA | 20.06 | 9.88 | 5.21 | 4.52 | 5.35 | 5.00 | 5.61 | 7.08 | — | — | — |
| EV / EBIT | 34.41 | 16.36 | 7.50 | 6.14 | 7.83 | 7.03 | 8.94 | 10.85 | — | — | — |
| EV / FCF | — | 21.12 | 11.36 | 12.88 | 9.99 | 9.53 | 9.38 | 19.84 | — | — | — |
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 | 18.9% | 18.9% | 19.9% | 18.5% | 19.4% | 21.2% | 20.3% | 19.0% | 19.9% | 21.0% | 21.2% |
| Operating Margin | 6.7% | 6.7% | 8.9% | 10.3% | 8.5% | 10.3% | 8.0% | 8.4% | 10.7% | 9.3% | 4.9% |
| Net Profit Margin | 3.4% | 3.4% | 5.4% | 7.1% | 5.5% | 7.3% | 4.9% | 4.5% | 7.7% | 6.6% | 2.6% |
| 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% | 18.2% | 25.5% | 18.0% | 19.8% | 11.8% | 12.7% | 73.7% | 69.4% | 20.2% |
| ROA | 1.9% | 1.9% | 4.4% | 6.1% | 4.7% | 5.6% | 3.6% | 3.3% | 8.0% | 6.7% | 2.8% |
| ROIC | 4.1% | 4.1% | 8.6% | 10.8% | 8.8% | 9.3% | 6.8% | 7.4% | 15.1% | 13.1% | 7.7% |
| ROCE | 4.8% | 4.8% | 9.8% | 12.1% | 9.8% | 10.4% | 7.9% | 9.3% | 21.2% | 16.7% | 9.4% |
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 | 1.28 | 1.28 | 1.82 | 1.76 | 1.69 | 1.40 | 1.43 | 1.08 | 4.12 | 5.30 | 5.14 |
| Debt / EBITDA | 8.67 | 8.67 | 3.97 | 3.44 | 3.75 | 3.56 | 4.07 | 4.90 | 3.31 | 4.78 | 7.12 |
| Net Debt / Equity | — | 1.21 | 1.67 | 1.59 | 1.50 | 1.22 | 1.27 | 0.97 | 3.55 | 4.65 | 4.53 |
| Net Debt / EBITDA | 8.19 | 8.19 | 3.65 | 3.11 | 3.33 | 3.11 | 3.62 | 4.42 | 2.85 | 4.20 | 6.28 |
| Debt / FCF | — | 17.51 | 7.96 | 8.87 | 6.21 | 5.94 | 6.05 | 12.39 | 11.00 | 18.59 | — |
| Interest Coverage | 2.64 | 2.64 | 3.61 | 5.31 | 8.01 | 8.80 | 4.99 | 3.90 | 4.44 | 4.84 | 3.03 |
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 | 1.21 | 1.21 | 1.17 | 1.19 | 1.15 | 1.21 | 1.14 | 1.15 | 0.70 | 0.81 | 0.88 |
| Quick Ratio | 0.71 | 0.71 | 0.69 | 0.69 | 0.67 | 0.75 | 0.68 | 0.72 | 0.41 | 0.49 | 0.53 |
| Cash Ratio | 0.12 | 0.12 | 0.14 | 0.15 | 0.15 | 0.20 | 0.19 | 0.13 | 0.13 | 0.14 | 0.14 |
| Asset Turnover | — | 0.40 | 0.83 | 0.86 | 0.83 | 0.75 | 0.76 | 0.55 | 1.04 | 1.00 | 1.09 |
| Inventory Turnover | 3.51 | 3.51 | 5.38 | 5.41 | 4.81 | 5.09 | 5.42 | 3.92 | 5.53 | 5.50 | 5.97 |
| Days Sales Outstanding | — | 83.32 | 49.40 | 46.58 | 48.56 | 52.90 | 47.31 | 71.95 | 54.01 | 44.80 | 51.60 |
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 | 6.0% | 28.9% | 25.6% | 24.5% | 19.4% | 20.8% | 23.3% | 20.6% | — | — | — |
| Payout Ratio | 165.4% | 165.4% | 98.9% | 69.0% | 90.9% | 79.0% | 124.3% | 158.1% | 73.2% | 82.0% | 195.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.6% | 17.4% | 25.9% | 35.4% | 21.3% | 26.2% | 18.6% | 13.1% | — | — | — |
| FCF Yield | 3.9% | 27.7% | 29.4% | 24.9% | 26.5% | 27.8% | 30.1% | 13.4% | — | — | — |
| Buyback Yield | 0.6% | 4.2% | 2.9% | 22.2% | 19.7% | 10.1% | 18.5% | 0.6% | — | — | — |
| Total Shareholder Yield | 6.6% | 33.0% | 28.5% | 46.7% | 39.2% | 30.9% | 41.7% | 21.2% | — | — | — |
| Shares Outstanding | — | $319M | $288M | $295M | $303M | $311M | $320M | $288M | $288M | $288M | $288M |
Goodwill impairment and leverage
Based on current market data, Amcor trades at a 26.89x trailing P/E, which appears to price in a quality premium that contrasts sharply with the 10.81x forward P/E, suggesting that investors are anticipating a significant earnings recovery that may not be supported by recent organic growth trends.
The divergence between trailing and forward multiples implies that the market is heavily discounting current non-recurring charges and integration costs. However, given the company's struggle to expand operating margins, this valuation may be overly optimistic if the anticipated earnings rebound is delayed by persistent input cost inflation.
As reported in financial statements, Amcor's ROIC has trended downward to 1.4% in 2026Q3 from 2.7% in 2024Q4, indicating that the company is struggling to generate adequate returns on its expanding asset base, which has been heavily inflated by recent large-scale acquisitions.
The consistent decline in ROIC suggests that the capital deployed for inorganic growth is not yet yielding the expected synergies. Investors should monitor whether management can improve asset utilization or if the current capital allocation strategy will continue to dilute shareholder value over the long term.
According to quarterly filings, Amcor's cash conversion cycle reached 59 days in 2026Q3, reflecting a persistent inefficiency in managing inventory and receivables that complicates the company's ability to maintain stable liquidity during periods of volatile commodity pricing and supply chain disruptions.
The elevated DIO and DSO figures suggest that the company is carrying significant working capital, which ties up cash that could otherwise be used for debt reduction. This inefficiency appears structural, as the company struggles to align its inventory levels with the fluctuating demand patterns of its large CPG customers.
Based on reported figures, Amcor's interest coverage ratio has deteriorated to 3.42x in 2026Q3 from a peak of 4.74x in 2024Q4, indicating that the company's ability to comfortably service its debt is narrowing as financial leverage remains elevated following recent acquisition activity.
While the company maintains a D/E ratio of 1.43, the declining interest coverage suggests that rising debt costs are beginning to weigh on the bottom line. This trend warrants close investigation, as any further contraction in operating income could place additional strain on the company's financial flexibility.
The P/E ratio is frequently misapplied to Amcor's business model because it fails to account for the massive non-cash amortization and restructuring charges that distort GAAP earnings, making the EV/EBITDA metric a more reliable indicator of the company's true operational cash-generating potential.
Investors often rely on P/E to gauge value, but this ignores the significant impact of acquisition-related accounting adjustments that frequently depress net income. A focus on EV/EBITDA provides a clearer view of the company's performance by stripping away the noise of capital structure and non-recurring accounting items.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying AMCR stock.
Amcor plc's current P/E ratio is 27.8x. The historical average is 4.9x. This places it at the 100th percentile of its historical range.
Amcor plc's current EV/EBITDA is 20.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.1x.
Amcor plc's return on equity (ROE) is 6.5%. The historical average is 16.7%.
Based on historical data, Amcor plc is trading at a P/E of 27.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Amcor plc's current dividend yield is 5.97% with a payout ratio of 165.4%.
Amcor plc has 18.9% gross margin and 6.7% operating margin.
Amcor plc's Debt/EBITDA ratio is 8.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.