Latest Ratios: P/E Ratio 55.4x · EV/EBITDA 14.6x · ROE 4.6%. (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 | $3.2B | $1.7B | $2.2B | $3.0B | $1.8B | $3.2B | $1.1B | $730M | $915M | $945M | $726M |
| Enterprise Value | $3.8B | $2.3B | $2.5B | $3.1B | $2.1B | $3.5B | $1.2B | $924M | $1.0B | $1.1B | $855M |
| P/E Ratio → | 55.40 | 28.32 | 12.78 | 15.16 | 5.99 | 15.02 | 15.86 | 18.28 | 13.60 | 15.89 | 38.94 |
| P/S Ratio | 0.81 | 0.42 | 0.53 | 0.67 | 0.36 | 0.85 | 0.38 | 0.24 | 0.30 | 0.33 | 0.27 |
| P/B Ratio | 2.57 | 1.31 | 1.69 | 2.38 | 1.55 | 3.45 | 1.36 | 0.96 | 1.27 | 1.45 | 1.21 |
| P/FCF | 28.34 | 14.90 | 48.49 | 32.84 | 5.85 | 13.09 | 7.59 | 10.75 | 4.54 | 12.38 | 23.04 |
| P/OCF | 14.13 | 7.43 | 7.78 | 9.19 | 3.79 | 9.92 | 5.47 | 4.29 | 3.58 | 6.22 | 6.58 |
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 | — | 0.57 | 0.60 | 0.71 | 0.41 | 0.92 | 0.42 | 0.31 | 0.33 | 0.39 | 0.32 |
| EV / EBITDA | 14.59 | 8.70 | 6.38 | 9.85 | 3.87 | 8.65 | 5.66 | 5.24 | 4.67 | 6.65 | 6.24 |
| EV / EBIT | 42.11 | 23.76 | 11.02 | 16.00 | 5.22 | 12.30 | 11.78 | 14.68 | 10.83 | 18.87 | 25.58 |
| EV / FCF | — | 19.87 | 54.73 | 34.79 | 6.77 | 14.16 | 8.26 | 13.60 | 5.05 | 14.32 | 27.14 |
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 | 2.3% | 2.3% | 8.4% | 8.5% | 11.4% | 10.8% | 7.8% | 7.2% | 8.8% | 6.7% | 6.0% |
| Operating Margin | 2.3% | 2.3% | 5.8% | 3.9% | 7.8% | 7.4% | 3.3% | 2.1% | 3.5% | 2.2% | 1.3% |
| Net Profit Margin | 1.5% | 1.5% | 4.2% | 4.4% | 5.9% | 5.7% | 2.4% | 1.3% | 2.2% | 2.1% | 0.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.6% | 4.6% | 13.6% | 16.3% | 28.7% | 24.3% | 8.9% | 5.4% | 9.8% | 9.6% | 3.1% |
| ROA | 2.5% | 2.5% | 7.1% | 7.8% | 12.9% | 11.0% | 4.1% | 2.5% | 4.6% | 4.5% | 1.5% |
| ROIC | 3.9% | 3.9% | 12.1% | 9.1% | 22.6% | 19.6% | 7.8% | 5.4% | 10.1% | 6.0% | 3.7% |
| ROCE | 5.1% | 5.1% | 13.8% | 9.8% | 25.2% | 20.7% | 7.9% | 5.6% | 10.6% | 6.6% | 3.8% |
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 | 0.52 | 0.52 | 0.31 | 0.35 | 0.38 | 0.36 | 0.49 | 0.52 | 0.41 | 0.41 | 0.41 |
| Debt / EBITDA | 2.57 | 2.57 | 1.05 | 1.38 | 0.82 | 0.84 | 1.86 | 2.25 | 1.34 | 1.64 | 1.78 |
| Net Debt / Equity | — | 0.44 | 0.22 | 0.14 | 0.24 | 0.28 | 0.12 | 0.25 | 0.14 | 0.23 | 0.22 |
| Net Debt / EBITDA | 2.17 | 2.17 | 0.73 | 0.55 | 0.52 | 0.65 | 0.46 | 1.10 | 0.47 | 0.90 | 0.94 |
| Debt / FCF | — | 4.96 | 6.24 | 1.95 | 0.92 | 1.06 | 0.67 | 2.86 | 0.50 | 1.94 | 4.11 |
| Interest Coverage | 7.72 | 7.72 | 25.36 | 21.55 | 51.26 | 31.64 | 8.91 | 5.49 | 9.91 | 9.13 | 6.49 |
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 | 0.95 | 0.95 | 1.01 | 1.26 | 1.29 | 1.10 | 1.50 | 1.50 | 1.44 | 1.30 | 1.24 |
| Quick Ratio | 0.95 | 0.95 | 1.01 | 1.26 | 1.29 | 1.10 | 1.50 | 1.50 | 1.44 | 1.30 | 1.24 |
| Cash Ratio | 0.19 | 0.19 | 0.24 | 0.47 | 0.42 | 0.18 | 0.73 | 0.72 | 0.66 | 0.44 | 0.43 |
| Asset Turnover | — | 1.64 | 1.72 | 1.78 | 2.02 | 1.78 | 1.65 | 1.81 | 2.01 | 2.07 | 2.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 36.16 | 40.14 | 41.76 | 39.76 | 58.64 | 43.03 | 37.96 | 37.51 | 40.14 | 39.55 |
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 | 0.3% | 0.6% | 0.5% | 0.4% | 0.6% | 0.3% | 0.7% | 1.1% | 0.9% | 0.9% | 1.1% |
| Payout Ratio | 18.3% | 18.3% | 6.5% | 5.9% | 3.6% | 3.8% | 11.5% | 20.5% | 12.3% | 13.8% | 44.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 3.5% | 7.8% | 6.6% | 16.7% | 6.7% | 6.3% | 5.5% | 7.4% | 6.3% | 2.6% |
| FCF Yield | 3.5% | 6.7% | 2.1% | 3.0% | 17.1% | 7.6% | 13.2% | 9.3% | 22.0% | 8.1% | 4.3% |
| Buyback Yield | 2.3% | 4.4% | 3.4% | 3.1% | 3.6% | 2.6% | 0.6% | 1.2% | 1.0% | 0.6% | 1.3% |
| Total Shareholder Yield | 2.7% | 5.1% | 3.9% | 3.5% | 4.2% | 2.8% | 1.3% | 2.4% | 1.9% | 1.5% | 2.5% |
| Shares Outstanding | — | $23M | $24M | $25M | $26M | $27M | $26M | $26M | $27M | $26M | $26M |
Cyclical margin compression risk
According to current market data, ArcBest trades at a forward P/E of 24.23, which appears elevated relative to its historical earnings volatility and suggests that investors are pricing in a significant recovery in profitability that has yet to materialize in recent quarterly financial reports.
The current valuation reflects a disconnect between market expectations and the company's recent struggle to maintain positive net margins. While the forward multiple implies growth, the lack of a clear PEG ratio due to earnings instability suggests that the market may be overestimating the speed of a margin turnaround.
Based on reported figures, ArcBest's ROIC has trended toward near-zero levels, reaching 0.1% in 2026Q1, which indicates a significant decay in capital efficiency compared to the double-digit returns historically generated by non-unionized peers like Old Dominion Freight Line within the same LTL sector.
The inability to consistently generate returns above the cost of capital highlights the structural burden of the company's unionized labor model and high fixed-cost terminal network. Investors should monitor whether management can improve asset utilization, as current returns suggest that capital reinvestment is failing to drive incremental value.
As reported in recent financial statements, ArcBest's asset turnover has remained stagnant near 0.41, reflecting a persistent inability to extract higher revenue density from its existing terminal infrastructure despite the competitive advantages typically associated with a dense, multi-decade physical freight network in the LTL industry.
The lack of improvement in asset turnover suggests that the company is not effectively leveraging its physical footprint to offset cyclical volume declines. This inefficiency, combined with volatile DSO trends, indicates that working capital management remains a secondary priority to the ongoing struggle of maintaining core freight volumes.
According to quarterly balance sheet data, ArcBest maintains a debt-to-equity ratio of 0.36, which provides a necessary defensive buffer against the inherent cyclicality of the trucking industry and distinguishes the company from more highly leveraged logistics peers that face greater refinancing risks in volatile markets.
While the balance sheet remains healthy, the low leverage is a double-edged sword that limits the company's ability to aggressively expand through debt-funded acquisitions. The current interest coverage ratio, which has fluctuated significantly, warrants further investigation to ensure that debt service remains manageable during prolonged periods of negative operating income.
The P/E ratio is frequently misapplied to ArcBest, as it obscures the impact of non-recurring labor costs and pension adjustments that distort net income, making the EV/EBITDA metric a far more reliable indicator of the company's true operational performance and underlying cash-generating capacity.
Using P/E ignores the significant depreciation and amortization inherent in a capital-intensive terminal network, which can lead to misleading conclusions about the company's valuation. Analysts should prioritize EV/EBITDA to better compare ArcBest against peers, as it normalizes for the capital structure and non-cash charges that frequently cloud the bottom line.
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ARCB stock.
ArcBest Corporation's current P/E ratio is 55.4x. The historical average is 20.8x. This places it at the 92th percentile of its historical range.
ArcBest Corporation's current EV/EBITDA is 14.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.8x.
ArcBest Corporation's return on equity (ROE) is 4.6%. The historical average is 9.0%.
Based on historical data, ArcBest Corporation is trading at a P/E of 55.4x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ArcBest Corporation's current dividend yield is 0.33% with a payout ratio of 18.3%.
ArcBest Corporation has 2.3% gross margin and 2.3% operating margin.
ArcBest Corporation's Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.