Latest Ratios: P/E Ratio -153.9x · EV/EBITDA 7.0x · ROE -1.0%. (2012–2025 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 | $2.3B | $2.1B | $3.1B | $5.9B | $3.4B | $4.1B | $1.1B | $1.5B | $1.4B | $1.3B | $1.2B |
| Enterprise Value | $2.8B | $2.6B | $3.7B | $6.4B | $3.9B | $4.3B | $1.7B | $2.2B | $2.2B | $1.8B | $1.6B |
| P/E Ratio → | -153.91 | — | 6.68 | 8.64 | 3.83 | 7.13 | 7.33 | 10.72 | 10.49 | 15.36 | 19.94 |
| P/S Ratio | 0.82 | 0.75 | 0.97 | 1.67 | 0.88 | 1.40 | 0.62 | 0.76 | 0.78 | 0.86 | 0.77 |
| P/B Ratio | 1.69 | 1.53 | 2.02 | 4.00 | 2.76 | 4.76 | 2.89 | 6.23 | 11.76 | 3.60 | 4.58 |
| P/FCF | 7.91 | 7.22 | 7.81 | 9.97 | 5.29 | 8.09 | 5.08 | 8.29 | 13.39 | 13.45 | 8.42 |
| P/OCF | 5.80 | 5.30 | 5.68 | 7.26 | 4.38 | 7.18 | 4.39 | 6.91 | 9.85 | 10.67 | 7.52 |
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 | — | 0.90 | 1.16 | 1.81 | 0.99 | 1.48 | 0.94 | 1.13 | 1.21 | 1.22 | 1.06 |
| EV / EBITDA | 6.95 | 6.44 | 4.79 | 6.18 | 2.91 | 4.86 | 5.10 | 7.22 | 8.89 | 8.63 | 8.64 |
| EV / EBIT | 11.63 | 174.43 | 5.97 | 7.19 | 3.15 | 5.33 | 6.82 | 9.24 | 10.69 | 11.97 | 12.50 |
| EV / FCF | — | 8.66 | 9.31 | 10.82 | 5.97 | 8.53 | 7.68 | 12.42 | 20.64 | 18.95 | 11.50 |
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 | 22.2% | 22.2% | 31.9% | 36.4% | 41.0% | 37.3% | 26.0% | 24.2% | 22.1% | 22.5% | 22.7% |
| Operating Margin | 8.3% | 8.3% | 19.5% | 25.4% | 31.6% | 27.3% | 13.3% | 11.9% | 9.9% | 10.5% | 8.6% |
| Net Profit Margin | -0.5% | -0.5% | 14.8% | 19.6% | 23.3% | 20.1% | 8.6% | 7.3% | 7.4% | 5.6% | 3.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.0% | -1.0% | 31.4% | 50.8% | 86.4% | 94.6% | 49.8% | 78.3% | 56.6% | 27.4% | 28.4% |
| ROA | -0.5% | -0.5% | 15.9% | 24.9% | 38.0% | 31.2% | 10.2% | 10.1% | 10.8% | 7.1% | 5.2% |
| ROIC | 9.0% | 9.0% | 22.8% | 36.6% | 66.7% | 59.1% | 18.6% | 18.5% | 15.3% | 14.9% | 13.9% |
| ROCE | 9.8% | 9.8% | 25.6% | 40.0% | 65.4% | 53.8% | 19.3% | 20.8% | 17.7% | 16.0% | 14.1% |
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 | 0.67 | 0.67 | 0.62 | 0.61 | 0.67 | 0.93 | 2.23 | 3.63 | 7.41 | 1.60 | 2.45 |
| Debt / EBITDA | 2.34 | 2.34 | 1.23 | 0.86 | 0.62 | 0.90 | 2.61 | 2.81 | 3.63 | 2.72 | 3.39 |
| Net Debt / Equity | — | 0.30 | 0.39 | 0.34 | 0.35 | 0.26 | 1.48 | 3.10 | 6.37 | 1.47 | 1.67 |
| Net Debt / EBITDA | 1.07 | 1.07 | 0.77 | 0.49 | 0.33 | 0.25 | 1.73 | 2.40 | 3.12 | 2.50 | 2.31 |
| Debt / FCF | — | 1.44 | 1.50 | 0.85 | 0.68 | 0.44 | 2.60 | 4.13 | 7.25 | 5.49 | 3.08 |
| Interest Coverage | 0.44 | 0.44 | 17.50 | 25.13 | 40.24 | 24.71 | 6.04 | 4.66 | 5.09 | 5.74 | 3.08 |
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 | 3.05 | 3.05 | 2.98 | 2.72 | 2.89 | 2.71 | 3.00 | 2.43 | 2.37 | 2.39 | 2.85 |
| Quick Ratio | 2.13 | 2.13 | 1.96 | 1.85 | 1.99 | 2.16 | 2.28 | 1.65 | 1.56 | 1.44 | 2.06 |
| Cash Ratio | 0.97 | 0.97 | 0.69 | 0.69 | 0.77 | 1.10 | 1.03 | 0.43 | 0.46 | 0.22 | 0.98 |
| Asset Turnover | — | 1.00 | 1.06 | 1.20 | 1.51 | 1.32 | 1.13 | 1.33 | 1.39 | 1.24 | 1.31 |
| Inventory Turnover | 4.57 | 4.57 | 4.15 | 4.53 | 5.08 | 6.42 | 6.56 | 6.42 | 6.44 | 5.83 | 7.29 |
| Days Sales Outstanding | — | 57.24 | 55.85 | 58.07 | 49.32 | 65.44 | 61.66 | 60.06 | 52.74 | 54.47 | 46.02 |
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 | 1.9% | 2.1% | 1.1% | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 7.3% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 15.0% | 11.6% | 26.1% | 14.0% | 13.6% | 9.3% | 9.5% | 6.5% | 5.0% |
| FCF Yield | 12.6% | 13.8% | 12.8% | 10.0% | 18.9% | 12.4% | 19.7% | 12.1% | 7.5% | 7.4% | 11.9% |
| Buyback Yield | 4.3% | 4.7% | 12.8% | 8.6% | 15.2% | 3.3% | 1.6% | 1.7% | 28.7% | 1.1% | 0.0% |
| Total Shareholder Yield | 6.2% | 6.8% | 13.9% | 8.6% | 15.2% | 3.3% | 1.6% | 1.7% | 28.7% | 1.1% | 0.0% |
| Shares Outstanding | — | $34M | $37M | $39M | $44M | $47M | $48M | $48M | $54M | $67M | $63M |
Commodity spread margin compression
Based on recent market data, Atkore trades at a forward P/E of 14.54, which appears to discount the current earnings volatility while potentially underestimating the structural durability of its specification-led business model compared to more diversified electrical peers like Eaton or Schneider Electric.
The current P/E of -172.96 is heavily distorted by recent non-cash charges, making the forward multiple a more relevant, albeit speculative, metric for investors. This valuation gap relative to peers suggests the market is pricing Atkore as a pure commodity play, ignoring the potential for margin recovery as construction cycles stabilize.
As reported in financial statements, Atkore's ROIC has decayed from 6.6% in 2024Q1 to a marginal 0.9% in 2026Q2, indicating that the company is currently struggling to generate returns above its cost of capital amidst a significant contraction in its core operating margins.
The sharp decline in ROIC highlights the sensitivity of the business to the PVC-to-resin spread and the broader non-residential construction slowdown. Investors should monitor whether management can restore these returns through operational efficiencies or if the current capital base remains bloated relative to the prevailing demand environment.
According to quarterly filings, Atkore's cash conversion cycle has expanded to 105 days as of 2026Q2, driven by rising days inventory outstanding which suggests that the company is carrying excess stock in anticipation of demand that has yet to materialize in the current construction cycle.
The increase in the CCC relative to historical norms indicates a potential inefficiency in inventory management that may be tying up liquidity. While the company maintains a healthy current ratio, the inability to accelerate inventory turnover suggests that the logistical 'all-in-the-truck' advantage is currently being offset by broader market headwinds.
Based on reported figures, Atkore's debt-to-EBITDA ratio has climbed to 16.63 as of 2026Q2, a significant deterioration from the 4.26 observed in 2024Q2, which warrants close investigation into the sustainability of its current debt service capacity under continued earnings pressure.
While the absolute debt levels remain manageable, the rapid spike in the leverage ratio relative to EBITDA suggests that the company's interest coverage is becoming increasingly sensitive to earnings volatility. Investors should monitor whether management prioritizes debt reduction over further share repurchases to preserve the balance sheet's health.
The most commonly misapplied metric for Atkore is the trailing P/E ratio, which obscures the company's true earning power by failing to adjust for LIFO-related inventory accounting and non-cash impairment charges that frequently distort the bottom line during periods of commodity price volatility.
Analysts should instead focus on EV/EBITDA or 'margin per ton' metrics to strip out the noise of raw material pass-throughs. Relying on P/E in this context leads to a flawed assessment of the company's structural profitability and its ability to generate cash through the construction cycle.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying ATKR stock.
Atkore Inc.'s current P/E ratio is -153.9x. The historical average is 10.0x.
Atkore Inc.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.4x.
Atkore Inc.'s return on equity (ROE) is -1.0%. The historical average is 33.3%.
Based on historical data, Atkore Inc. is trading at a P/E of -153.9x. Compare with industry peers and growth rates for a complete picture.
Atkore Inc.'s current dividend yield is 1.88%.
Atkore Inc. has 22.2% gross margin and 8.3% operating margin.
Atkore Inc.'s Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.