Latest Ratios: P/E Ratio 42.8x · EV/EBITDA 12.6x · ROE 3.5%. (1999–2025 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 | $3.5B | $2.9B | $3.8B | $3.8B | $3.1B | $5.2B | $3.6B | $2.9B | $2.3B | $3.6B | $2.7B |
| Enterprise Value | $4.9B | $4.3B | $5.4B | $5.4B | $4.7B | $6.5B | $5.0B | $3.3B | $3.5B | $4.6B | $3.7B |
| P/E Ratio → | 42.81 | 35.10 | 22.21 | 50.70 | 20.34 | 22.29 | 27.78 | 37.93 | 14.37 | — | 16.43 |
| P/S Ratio | 1.07 | 0.88 | 1.16 | 1.21 | 0.92 | 1.55 | 1.13 | 1.00 | 0.65 | 1.11 | 0.81 |
| P/B Ratio | 1.47 | 1.20 | 1.61 | 1.63 | 1.32 | 2.88 | 2.13 | 2.72 | 4.25 | 5.96 | 3.74 |
| P/FCF | 17.92 | 14.71 | 27.87 | 46.42 | 10.63 | 38.69 | 23.11 | 12.99 | 12.94 | 29.08 | 19.77 |
| P/OCF | 11.59 | 9.51 | 14.64 | 18.93 | 7.81 | 22.04 | 16.47 | 9.47 | 9.06 | 17.65 | 12.25 |
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 | — | 1.31 | 1.66 | 1.72 | 1.39 | 1.95 | 1.53 | 1.15 | 0.99 | 1.44 | 1.12 |
| EV / EBITDA | 12.60 | 10.99 | 10.54 | 13.19 | 11.59 | 15.20 | 16.28 | 13.45 | 9.43 | 12.36 | 10.23 |
| EV / EBIT | 24.11 | 11.80 | 16.23 | 26.70 | 25.64 | 23.21 | 23.19 | 19.46 | 20.57 | 16.93 | 13.03 |
| EV / FCF | — | 21.95 | 39.76 | 65.82 | 16.08 | 48.57 | 31.37 | 14.94 | 19.61 | 37.76 | 27.30 |
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 | 32.5% | 32.5% | 32.6% | 28.7% | 26.0% | 28.5% | 24.2% | 23.0% | 21.1% | 22.3% | 21.1% |
| Operating Margin | 6.2% | 6.2% | 10.2% | 7.0% | 7.2% | 8.4% | 5.8% | 5.5% | 7.7% | 8.6% | 8.4% |
| Net Profit Margin | 2.5% | 2.5% | 5.2% | 2.4% | 4.5% | 7.0% | 4.1% | 20.6% | 4.5% | -1.8% | 4.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 3.5% | 7.3% | 3.2% | 7.4% | 13.2% | 9.5% | 73.9% | 28.0% | -8.7% | 23.1% |
| ROA | 1.4% | 1.4% | 2.9% | 1.3% | 2.8% | 4.7% | 3.2% | 19.6% | 5.9% | -2.1% | 6.2% |
| ROIC | 3.9% | 3.9% | 6.3% | 4.2% | 5.2% | 6.9% | 6.3% | 7.3% | 12.1% | 12.2% | 12.7% |
| ROCE | 4.0% | 4.0% | 6.4% | 4.3% | 5.2% | 6.9% | 5.7% | 6.6% | 12.7% | 12.8% | 13.1% |
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 | 0.81 | 0.81 | 0.92 | 0.92 | 0.95 | 1.07 | 1.14 | 1.23 | 2.51 | 2.18 | 1.73 |
| Debt / EBITDA | 4.94 | 4.94 | 4.22 | 5.22 | 5.50 | 4.50 | 6.42 | 5.29 | 3.67 | 3.49 | 3.44 |
| Net Debt / Equity | — | 0.59 | 0.69 | 0.68 | 0.68 | 0.74 | 0.76 | 0.41 | 2.19 | 1.78 | 1.42 |
| Net Debt / EBITDA | 3.63 | 3.63 | 3.15 | 3.88 | 3.93 | 3.09 | 4.29 | 1.75 | 3.21 | 2.84 | 2.82 |
| Debt / FCF | — | 7.24 | 11.89 | 19.39 | 5.45 | 9.88 | 8.26 | 1.95 | 6.67 | 8.68 | 7.52 |
| Interest Coverage | 3.68 | 3.68 | 3.13 | 1.76 | 1.01 | 2.65 | 2.61 | 2.84 | 2.70 | 4.50 | 4.80 |
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 | 1.66 | 1.66 | 1.88 | 1.82 | 1.81 | 1.94 | 2.00 | 2.15 | 1.79 | 1.87 | 1.86 |
| Quick Ratio | 1.22 | 1.22 | 1.42 | 1.37 | 1.38 | 1.62 | 1.59 | 1.78 | 1.17 | 1.29 | 1.25 |
| Cash Ratio | 0.60 | 0.60 | 0.72 | 0.71 | 0.74 | 0.64 | 0.81 | 1.23 | 0.31 | 0.43 | 0.44 |
| Asset Turnover | — | 0.54 | 0.56 | 0.53 | 0.56 | 0.66 | 0.67 | 0.87 | 1.30 | 1.19 | 1.23 |
| Inventory Turnover | 6.00 | 6.00 | 6.30 | 6.46 | 6.75 | 7.76 | 7.50 | 8.45 | 8.09 | 7.66 | 8.43 |
| Days Sales Outstanding | — | 48.70 | 45.00 | 46.44 | 47.34 | 48.43 | 58.16 | 42.08 | 35.87 | 44.34 | 35.58 |
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 | 2.8% | 3.4% | 2.5% | 2.4% | 2.8% | 1.5% | 2.0% | 2.1% | 2.4% | 1.2% | 1.5% |
| Payout Ratio | 120.6% | 120.6% | 55.5% | 119.2% | 56.7% | 33.7% | 54.2% | 10.2% | 35.1% | — | 24.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.3% | 2.8% | 4.5% | 2.0% | 4.9% | 4.5% | 3.6% | 2.6% | 7.0% | — | 6.1% |
| FCF Yield | 5.6% | 6.8% | 3.6% | 2.2% | 9.4% | 2.6% | 4.3% | 7.7% | 7.7% | 3.4% | 5.1% |
| Buyback Yield | 0.1% | 0.1% | 0.2% | 0.1% | 1.2% | 0.1% | 0.6% | 0.9% | 5.3% | 2.0% | 3.2% |
| Total Shareholder Yield | 2.9% | 3.6% | 2.7% | 2.5% | 4.0% | 1.6% | 2.6% | 3.1% | 7.8% | 3.2% | 4.7% |
| Shares Outstanding | — | $92M | $92M | $92M | $92M | $92M | $91M | $78M | $80M | $82M | $85M |
High Debt Leverage
According to recent market data, Avient trades at a forward P/E of 12.32, which appears to discount the company relative to specialty chemical peers, likely reflecting investor skepticism regarding the successful integration of recent large-scale acquisitions and the resulting impact on long-term earnings growth potential.
The discrepancy between the trailing P/E of 42.60 and the forward multiple suggests that the market is pricing in a significant recovery in earnings power as integration costs subside. Investors should monitor whether this valuation gap narrows as the company demonstrates consistent margin expansion following the divestiture of its lower-margin distribution business.
As reported in financial statements, Avient's ROIC has remained suppressed, hovering near 1.9% in 2026Q1, which indicates that the company is currently struggling to generate returns on invested capital that exceed its cost of capital following the aggressive acquisition of Dyneema and other high-performance assets.
The low ROIC trend suggests that the capital-intensive nature of these acquisitions is currently diluting shareholder value. Future improvement in this metric will likely depend on the company's ability to drive operational synergies and improve asset turnover, rather than relying on further inorganic expansion.
Based on reported figures, Avient's cash conversion cycle has fluctuated between 35 and 53 days over the last ten quarters, revealing that the company faces persistent challenges in managing inventory and receivables effectively amidst its ongoing portfolio transformation and integration of new business segments.
The variability in the CCC suggests that the company's working capital management is highly sensitive to supply chain disruptions and the timing of customer orders. This inefficiency warrants further investigation into whether the company can stabilize its inventory levels to improve overall cash flow generation.
According to recent SEC filings, Avient's D/EBITDA ratio reached 13.14 in 2026Q1, a level that underscores the significant leverage pressure resulting from the company's acquisition-heavy strategy and suggests that debt service requirements remain a primary constraint on the firm's financial and operational flexibility.
The interest coverage ratio, which has been as low as 0.01 in recent periods, indicates that the company's ability to service its debt is highly sensitive to operating income volatility. Investors should monitor the company's deleveraging progress, as high interest expenses may continue to divert cash flow away from critical R&D and growth initiatives.
Financial analysts frequently misapply the P/E ratio to Avient, as reported in various research notes, because the metric is heavily distorted by non-cash amortization of intangibles and one-time restructuring charges related to the company's aggressive M&A strategy, which obscures the underlying cash-generative power of the business.
A more appropriate metric for evaluating this business model would be EV/EBITDA or P/FCF, which better account for the company's capital structure and the cash impact of its acquisition-related accounting adjustments. Relying on P/E alone may lead to an inaccurate assessment of the company's true valuation and earnings quality.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying AVNT stock.
Avient Corporation's current P/E ratio is 42.8x. The historical average is 23.4x. This places it at the 86th percentile of its historical range.
Avient Corporation's current EV/EBITDA is 12.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
Avient Corporation's return on equity (ROE) is 3.5%. The historical average is 9.7%.
Based on historical data, Avient Corporation is trading at a P/E of 42.8x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Avient Corporation's current dividend yield is 2.82% with a payout ratio of 120.6%.
Avient Corporation has 32.5% gross margin and 6.2% operating margin.
Avient Corporation's Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.