Latest Ratios: P/E Ratio 17.6x · EV/EBITDA 8.5x · ROE 21.9%. (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 | $12.6B | $11.9B | $9.9B | $11.0B | $10.0B | $14.4B | $13.5B | $9.8B | $5.6B | $7.6B | $7.3B |
| Enterprise Value | $17.9B | $17.2B | $15.3B | $17.3B | $16.6B | $20.3B | $20.6B | $17.3B | $13.6B | $12.5B | $11.7B |
| P/E Ratio → | 17.63 | 16.14 | 23.29 | 24.49 | 13.72 | — | 31.81 | 25.28 | 12.67 | 23.63 | 14.77 |
| P/S Ratio | 1.02 | 0.96 | 0.84 | 0.92 | 0.77 | 1.27 | 1.44 | 1.02 | 0.50 | 0.88 | 0.88 |
| P/B Ratio | 3.74 | 3.42 | 3.06 | 3.85 | 4.36 | 6.19 | 5.18 | 4.68 | 4.33 | 8.26 | 10.96 |
| P/FCF | 11.45 | 10.85 | 12.52 | 16.70 | — | 162.05 | 18.52 | 13.38 | 51.06 | — | 16.03 |
| P/OCF | 8.32 | 7.89 | 8.28 | 7.58 | 12.43 | 15.94 | 10.25 | 8.41 | 9.75 | — | 7.87 |
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 | — | 1.39 | 1.29 | 1.44 | 1.28 | 1.78 | 2.20 | 1.81 | 1.22 | 1.44 | 1.41 |
| EV / EBITDA | 8.54 | 8.23 | 8.19 | 9.80 | 9.22 | 11.21 | 14.03 | 11.41 | 8.95 | 9.87 | 9.39 |
| EV / EBIT | 10.92 | 11.02 | 10.54 | 13.11 | 12.87 | — | 20.10 | 17.57 | 11.72 | 11.09 | 10.90 |
| EV / FCF | — | 15.68 | 19.37 | 26.24 | — | 228.03 | 28.33 | 23.67 | 124.82 | — | 25.55 |
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 | 18.3% | 18.3% | 21.5% | 20.5% | 17.8% | 20.8% | 21.6% | 20.8% | 19.0% | 19.5% | 20.1% |
| Operating Margin | 13.2% | 13.2% | 12.0% | 10.6% | 10.3% | 12.0% | 11.2% | 10.7% | 9.8% | 11.8% | 12.0% |
| Net Profit Margin | 5.9% | 5.9% | 3.6% | 3.7% | 5.6% | -4.9% | 6.2% | 5.3% | 3.9% | 3.7% | 6.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.9% | 21.9% | 13.9% | 17.5% | 31.5% | -22.7% | 24.7% | 30.2% | 39.7% | 40.6% | 94.2% |
| ROA | 5.2% | 5.2% | 2.9% | 3.1% | 5.2% | -3.7% | 3.6% | 3.3% | 3.4% | 3.2% | 5.0% |
| ROIC | 14.1% | 14.1% | 12.0% | 10.6% | 11.7% | 11.4% | 8.1% | 8.1% | 10.8% | 14.1% | 14.7% |
| ROCE | 16.0% | 16.0% | 13.4% | 12.0% | 13.3% | 12.3% | 8.7% | 8.9% | 11.7% | 14.5% | 14.4% |
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 | 1.77 | 1.77 | 1.99 | 2.69 | 3.15 | 2.77 | 3.22 | 3.91 | 6.76 | 5.79 | 7.35 |
| Debt / EBITDA | 2.95 | 2.95 | 3.44 | 4.36 | 4.02 | 3.57 | 5.70 | 5.39 | 5.71 | 4.20 | 3.95 |
| Net Debt / Equity | — | 1.52 | 1.67 | 2.20 | 2.87 | 2.52 | 2.74 | 3.59 | 6.25 | 5.33 | 6.51 |
| Net Debt / EBITDA | 2.53 | 2.53 | 2.90 | 3.56 | 3.66 | 3.24 | 4.86 | 4.96 | 5.29 | 3.87 | 3.50 |
| Debt / FCF | — | 4.82 | 6.85 | 9.55 | — | 65.98 | 9.81 | 10.28 | 73.76 | — | 9.52 |
| Interest Coverage | 3.92 | 3.92 | 3.21 | 3.03 | 4.53 | -0.66 | 3.54 | 2.68 | 3.02 | 4.49 | 4.41 |
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 | 1.03 | 1.03 | 1.22 | 1.15 | 1.18 | 1.09 | 1.15 | 1.03 | 1.04 | 0.95 | 0.98 |
| Quick Ratio | 0.66 | 0.66 | 0.80 | 0.77 | 0.67 | 0.67 | 0.85 | 0.61 | 0.61 | 0.52 | 0.55 |
| Cash Ratio | 0.21 | 0.21 | 0.29 | 0.33 | 0.16 | 0.14 | 0.29 | 0.17 | 0.17 | 0.13 | 0.19 |
| Asset Turnover | — | 0.87 | 0.85 | 0.80 | 0.91 | 0.82 | 0.56 | 0.62 | 0.73 | 0.82 | 0.86 |
| Inventory Turnover | 6.40 | 6.40 | 6.43 | 5.92 | 5.28 | 5.20 | 5.83 | 4.66 | 5.34 | 5.06 | 5.32 |
| Days Sales Outstanding | — | 53.07 | 51.50 | 52.49 | 52.48 | 61.25 | 59.93 | 59.49 | 52.96 | 44.78 | 38.11 |
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 | 0.9% | 1.0% | 1.2% | 1.0% | 1.1% | 0.7% | — | — | — | — | — |
| Payout Ratio | 16.3% | 16.3% | 28.1% | 25.6% | 14.6% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 6.2% | 4.3% | 4.1% | 7.3% | — | 3.1% | 4.0% | 7.9% | 4.2% | 6.8% |
| FCF Yield | 8.7% | 9.2% | 8.0% | 6.0% | — | 0.6% | 5.4% | 7.5% | 2.0% | — | 6.2% |
| Buyback Yield | 4.0% | 4.2% | 2.2% | 0.1% | 7.2% | 6.6% | 0.5% | 0.1% | 0.1% | 4.4% | 0.1% |
| Total Shareholder Yield | 4.9% | 5.2% | 3.4% | 1.2% | 8.3% | 7.3% | 0.5% | 0.1% | 0.1% | 4.4% | 0.1% |
| Shares Outstanding | — | $116M | $119M | $120M | $121M | $130M | $135M | $135M | $134M | $136M | $139M |
High leverage and liquidity
Based on recent market data, Crown Holdings trades at a forward P/E of 13.63, which, when compared to its historical averages and the broader industrial packaging sector, suggests that investors are pricing in significant skepticism regarding the company's ability to sustain margin expansion amidst ongoing input cost volatility.
The current P/FCF multiple of 11.26 appears to discount the company's recent cash flow instability, indicating that the market is prioritizing near-term earnings visibility over long-term structural growth. This valuation level warrants caution, as it implies a reliance on management's ability to navigate cyclical headwinds without further eroding the company's already stretched balance sheet.
As reported in financial statements, Crown Holdings' ROIC has stagnated in the 3.0% to 3.8% range over the last ten quarters, a performance that significantly trails the company's cost of capital and suggests that recent capital allocation decisions have failed to generate meaningful value for shareholders.
The persistent gap between invested capital and returns indicates that the company's heavy reliance on debt-funded acquisitions has not yet translated into the expected operational synergies. Investors should monitor whether future capital expenditure shifts toward high-return beverage capacity or continues to be diluted by lower-margin industrial transit segments.
According to quarterly filings, the company's cash conversion cycle has remained volatile, fluctuating between 13 and 28 days, which, based on the 2026Q1 data, highlights a persistent inability to optimize inventory and receivables in the face of shifting demand patterns across its global manufacturing footprint.
The elevated DPO of 91 days suggests that Crown Holdings is increasingly reliant on supplier financing to manage its liquidity, a practice that may become unsustainable if credit conditions tighten. This reliance on extended payment terms to customers and suppliers obscures the underlying operational efficiency of the core manufacturing business.
Based on reported figures, Crown Holdings maintains a debt-to-EBITDA ratio of 13.39 as of 2026Q1, a level that indicates significant financial vulnerability and suggests that the company's capacity to absorb further operational shocks is severely limited compared to its historical leverage profile and industry peers.
The interest coverage ratio of 3.84, while currently manageable, leaves little room for error should interest rates remain elevated or if operating income continues to face downward pressure. The company's reliance on external financing to support both operations and share repurchases appears to be a primary driver of its current balance sheet strain.
Analysts frequently misapply the P/S ratio to Crown Holdings, as the metric fails to account for the pass-through nature of metal costs, which artificially inflates top-line revenue without providing any meaningful insight into the company's actual profitability or its ability to generate sustainable free cash flow.
Investors should instead focus on EV/EBITDA or FCF yield, which better capture the company's operational leverage and the cash-generating potential of its core beverage packaging business. Relying on revenue-based multiples obscures the impact of commodity price volatility and the structural costs associated with the company's high-fixed-cost manufacturing model.
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Quick answers to the most common questions about buying CCK stock.
Crown Holdings, Inc.'s current P/E ratio is 17.6x. The historical average is 21.1x. This places it at the 46th percentile of its historical range.
Crown Holdings, Inc.'s current EV/EBITDA is 8.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.9x.
Crown Holdings, Inc.'s return on equity (ROE) is 21.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 40.8%.
Based on historical data, Crown Holdings, Inc. is trading at a P/E of 17.6x. This is at the 46th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Crown Holdings, Inc.'s current dividend yield is 0.92% with a payout ratio of 16.3%.
Crown Holdings, Inc. has 18.3% gross margin and 13.2% operating margin. Operating margin between 10-20% is typical for established companies.
Crown Holdings, Inc.'s Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.