Latest Ratios: P/E Ratio -51.9x · EV/EBITDA 6.3x · ROE -1.5%. (1998–2025 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 | $2.7B | $3.6B | $3.0B | $3.8B | $4.2B | $1.1B | $235M | $946M | $3.7B | $5.2B | — |
| Enterprise Value | $2.7B | $3.6B | $2.7B | $3.2B | $3.2B | $1.4B | $1.2B | $1.6B | $4.1B | $5.6B | — |
| P/E Ratio → | -51.86 | — | 7.76 | 4.86 | 3.18 | 3.13 | — | — | 5.70 | — | — |
| P/S Ratio | 0.70 | 0.94 | 0.70 | 0.76 | 0.83 | 0.34 | 0.08 | 0.20 | 0.66 | 0.93 | — |
| P/B Ratio | 0.76 | 1.01 | 0.80 | 1.04 | 1.26 | 0.62 | 0.24 | 0.35 | 1.07 | 1.42 | — |
| P/FCF | 5.14 | 6.85 | 14.57 | 5.46 | 4.37 | 4.76 | — | 2.41 | 3.10 | 6.26 | — |
| P/OCF | 2.86 | 3.81 | 4.90 | 3.62 | 3.54 | 2.69 | — | 1.40 | 2.48 | 5.12 | — |
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 | — | 0.92 | 0.65 | 0.64 | 0.64 | 0.41 | 0.41 | 0.35 | 0.73 | 1.01 | — |
| EV / EBITDA | 6.29 | 8.43 | 3.27 | 2.28 | 1.83 | 1.72 | — | 2.42 | 2.92 | 3.55 | — |
| EV / EBIT | 4421.66 | 341.69 | 4.86 | 2.69 | 2.26 | 2.45 | — | 945.14 | 5.01 | 7.95 | — |
| EV / FCF | — | 6.73 | 13.42 | 4.63 | 3.38 | 5.72 | — | 4.10 | 3.43 | 6.81 | — |
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 | 2.7% | 2.7% | 19.3% | 31.6% | 33.9% | 23.1% | 12.4% | 23.5% | 27.0% | 27.7% | 12.9% |
| Operating Margin | 0.0% | 0.0% | 10.5% | 21.7% | 27.7% | 13.0% | -60.0% | 1.3% | 11.9% | 15.9% | -5.9% |
| Net Profit Margin | -1.4% | -1.4% | 8.8% | 15.4% | 26.0% | 10.9% | -64.9% | -4.6% | 11.6% | 8.3% | -15.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.5% | -1.5% | 10.1% | 22.0% | 50.7% | 25.7% | -102.4% | -6.9% | 18.2% | 23.1% | -121.6% |
| ROA | -0.9% | -0.9% | 6.2% | 13.1% | 24.6% | 7.5% | -33.4% | -3.0% | 8.3% | 4.6% | -6.5% |
| ROIC | 0.0% | 0.0% | 10.3% | 29.9% | 47.1% | 16.3% | -49.2% | 1.3% | 12.5% | 36.9% | -6.5% |
| ROCE | 0.0% | 0.0% | 8.8% | 22.2% | 31.7% | 10.9% | -36.6% | 1.0% | 9.9% | 10.0% | -2.7% |
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 | 0.14 | 0.14 | 0.13 | 0.11 | 0.11 | 0.65 | 1.70 | 0.52 | 0.40 | 0.40 | 0.06 |
| Debt / EBITDA | 1.21 | 1.21 | 0.56 | 0.29 | 0.21 | 1.50 | — | 2.10 | 0.98 | 0.92 | 0.09 |
| Net Debt / Equity | — | -0.02 | -0.06 | -0.16 | -0.29 | 0.12 | 0.98 | 0.25 | 0.11 | 0.12 | -2.47 |
| Net Debt / EBITDA | -0.15 | -0.15 | -0.28 | -0.41 | -0.54 | 0.29 | — | 1.00 | 0.28 | 0.28 | -3.70 |
| Debt / FCF | — | -0.12 | -1.14 | -0.83 | -1.00 | 0.96 | — | 1.69 | 0.32 | 0.54 | — |
| Interest Coverage | 0.24 | 0.24 | 12.00 | 19.81 | 10.11 | 3.02 | -12.25 | 0.01 | 5.38 | 4.63 | -1.54 |
Net cash position: cash ($575M) exceeds total debt ($511M)
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 | 1.85 | 1.85 | 2.15 | 2.06 | 2.58 | 1.93 | 1.80 | 1.65 | 1.85 | 1.76 | 2.07 |
| Quick Ratio | 1.40 | 1.40 | 1.68 | 1.70 | 2.26 | 1.69 | 1.47 | 1.31 | 1.58 | 1.53 | 1.86 |
| Cash Ratio | 0.68 | 0.68 | 0.85 | 0.99 | 1.42 | 1.02 | 0.90 | 0.75 | 0.93 | 0.81 | 0.86 |
| Asset Turnover | — | 0.66 | 0.71 | 0.83 | 0.89 | 0.67 | 0.62 | 0.71 | 0.75 | 0.68 | 0.40 |
| Inventory Turnover | 9.80 | 9.80 | 8.70 | 9.62 | 11.11 | 11.26 | 9.65 | 10.67 | 14.53 | 13.84 | 20.16 |
| Days Sales Outstanding | — | 29.77 | 30.95 | 28.75 | 34.10 | 38.55 | 31.01 | 26.01 | 29.45 | 36.12 | 36.61 |
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 | 1.3% | 1.0% | 1.3% | 0.8% | — | — | — | 27.3% | 1.6% | — | — |
| Payout Ratio | — | — | 10.1% | 4.0% | — | — | — | — | 9.2% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 12.9% | 20.6% | 31.5% | 32.0% | — | — | 17.6% | — | — |
| FCF Yield | 19.4% | 14.6% | 6.9% | 18.3% | 22.9% | 21.0% | — | 41.5% | 32.2% | 16.0% | — |
| Buyback Yield | 0.0% | 0.0% | 6.3% | 9.6% | 0.1% | 0.1% | 0.7% | 36.2% | 23.0% | 3.4% | — |
| Total Shareholder Yield | 1.4% | 1.0% | 7.6% | 10.4% | 0.1% | 0.1% | 0.7% | 63.5% | 24.6% | 3.4% | — |
| Shares Outstanding | — | $122M | $142M | $154M | $157M | $112M | $98M | $104M | $121M | $131M | $18M |
Commodity price volatility exposure
Based on recent financial data, Peabody Energy trades at a P/FCF of 5.42x, suggesting that the market is heavily discounting future cash flows due to the inherent volatility of the coal sector and the ongoing structural decline in domestic thermal demand compared to historical averages.
The negative TTM P/E ratio underscores the current lack of consistent profitability, while the forward P/E of 31.53x implies that investors are pricing in a significant recovery that may be difficult to achieve given current margin pressures. This valuation gap relative to historical norms suggests that the market views the company as a cyclical play rather than a long-term compounder, warranting caution regarding the sustainability of current price levels.
As reported in financial statements, the company's ROIC has trended downward from a peak of 6.4% in 2023Q4 to a negative 1.0% in 2026Q1, indicating that recent capital allocation decisions are failing to generate returns above the cost of capital in the current commodity environment.
The erosion of ROIC reflects both the contraction in operating margins and the difficulty of maintaining asset efficiency during periods of lower production volumes. Investors should monitor whether the Centurion project can reverse this trend, as current returns suggest that the company is struggling to deploy capital effectively within its existing operational footprint.
According to recent quarterly filings, the company's cash conversion cycle has exhibited extreme instability, swinging from a positive 24 days in 2025Q1 to a negative 11 days in 2025Q4, which highlights the operational challenges of managing inventory and receivables in a cyclical commodity market.
The erratic nature of the CCC suggests that logistical bottlenecks and the timing of seaborne shipments are creating significant friction in cash conversion. This volatility complicates the company's ability to maintain a predictable liquidity profile, making it highly sensitive to short-term disruptions in rail and port performance.
Based on reported figures, Peabody Energy has maintained a disciplined capital structure with a debt-to-equity ratio of 0.14%, which stands in stark contrast to the more aggressive leverage profiles often seen in the industrial energy sector during periods of market contraction.
This low leverage position appears to be a strategic choice to mitigate the risks associated with high fixed-cost mining operations and potential reclamation liabilities. While this provides a necessary safety net, it also suggests that the company is prioritizing balance sheet preservation over aggressive growth or capital returns to shareholders.
The P/E ratio is frequently misapplied to Peabody Energy, as it fails to account for the massive, non-cash Asset Retirement Obligations that distort net income and obscure the company's true underlying cash-generating capacity in a capital-intensive mining business model.
Investors should instead focus on EV/EBITDA or P/FCF, which better capture the operational reality of the business by stripping out non-cash accounting charges and the impact of capital structure. Relying on P/E in this context may lead to erroneous conclusions about the company's valuation, as it ignores the significant reclamation costs that are inherent to the coal mining lifecycle.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying BTU stock.
Peabody Energy Corporation's current P/E ratio is -51.9x. The historical average is 4.9x.
Peabody Energy Corporation's current EV/EBITDA is 6.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.3x.
Peabody Energy Corporation's return on equity (ROE) is -1.5%. The historical average is -2.0%.
Based on historical data, Peabody Energy Corporation is trading at a P/E of -51.9x. Compare with industry peers and growth rates for a complete picture.
Peabody Energy Corporation's current dividend yield is 1.34%.
Peabody Energy Corporation has 2.7% gross margin and 0.0% operating margin.
Peabody Energy Corporation's Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.