Latest Ratios: P/E Ratio 47.3x · EV/EBITDA 31.5x · ROE 41.2%. (1997–2025 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 | $39.7B | $34.3B | $11.0B | $3.5B | $1.4B | $1.4B | $1.0B | $1.1B | $1.2B | $1.5B | $1.7B |
| Enterprise Value | $40.0B | $34.7B | $11.3B | $3.9B | $1.8B | $1.8B | $1.2B | $1.3B | $1.6B | $1.2B | $1.4B |
| P/E Ratio → | 47.33 | 40.55 | 25.57 | 14.42 | 7.72 | 13.57 | 17.17 | 15.60 | 12.53 | 14.56 | 12.47 |
| P/S Ratio | 3.15 | 2.72 | 1.14 | 0.44 | 0.19 | 0.25 | 0.18 | 0.19 | 0.19 | 0.25 | 0.28 |
| P/B Ratio | 18.12 | 15.53 | 5.78 | 1.99 | 0.83 | 0.96 | 0.74 | 0.80 | 0.93 | 1.11 | 1.36 |
| P/FCF | 85.07 | 73.66 | 36.16 | 17.52 | 13.64 | 8.08 | 5.58 | 4.12 | — | 62.36 | 15.62 |
| P/OCF | 59.12 | 51.19 | 23.12 | 10.80 | 6.60 | 6.22 | 4.35 | 3.16 | 37.25 | 11.98 | 9.84 |
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 | — | 2.75 | 1.17 | 0.49 | 0.25 | 0.32 | 0.21 | 0.22 | 0.24 | 0.20 | 0.23 |
| EV / EBITDA | 31.54 | 27.34 | 15.08 | 8.39 | 4.45 | 6.18 | 4.67 | 4.64 | 8.05 | 5.51 | 5.94 |
| EV / EBIT | 36.72 | 32.90 | 19.39 | 10.23 | 6.21 | 10.84 | 9.23 | 8.85 | 14.80 | 8.46 | 8.05 |
| EV / FCF | — | 74.35 | 37.39 | 19.57 | 17.67 | 10.41 | 6.32 | 5.00 | — | 49.63 | 12.75 |
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 | 11.7% | 11.7% | 10.7% | 9.5% | 9.0% | 8.6% | 7.6% | 6.5% | 6.5% | 6.8% | 7.1% |
| Operating Margin | 8.6% | 8.6% | 6.2% | 4.2% | 4.0% | 3.0% | 2.2% | 2.5% | 1.6% | 2.3% | 2.6% |
| Net Profit Margin | 6.7% | 6.7% | 4.4% | 3.1% | 2.5% | 1.8% | 1.1% | 1.2% | 1.5% | 1.7% | 2.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 41.2% | 41.2% | 23.3% | 14.2% | 11.5% | 7.2% | 4.4% | 5.2% | 7.3% | 8.0% | 11.8% |
| ROA | 12.8% | 12.8% | 7.2% | 4.2% | 3.5% | 2.5% | 1.7% | 1.9% | 3.0% | 3.6% | 5.1% |
| ROIC | 34.0% | 34.0% | 20.2% | 11.9% | 11.0% | 7.4% | 6.1% | 6.9% | 5.8% | 10.7% | 13.4% |
| ROCE | 34.9% | 34.9% | 21.3% | 12.9% | 11.6% | 7.5% | 6.1% | 7.1% | 5.6% | 8.7% | 10.3% |
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 | 0.41 | 0.41 | 0.42 | 0.44 | 0.47 | 0.55 | 0.43 | 0.52 | 0.57 | 0.15 | 0.19 |
| Debt / EBITDA | 0.72 | 0.72 | 1.06 | 1.67 | 1.94 | 2.73 | 2.38 | 2.50 | 3.90 | 0.93 | 1.04 |
| Net Debt / Equity | — | 0.14 | 0.20 | 0.23 | 0.25 | 0.28 | 0.10 | 0.17 | 0.26 | -0.23 | -0.25 |
| Net Debt / EBITDA | 0.25 | 0.25 | 0.50 | 0.88 | 1.02 | 1.39 | 0.55 | 0.81 | 1.74 | -1.41 | -1.33 |
| Debt / FCF | — | 0.69 | 1.23 | 2.06 | 4.03 | 2.34 | 0.74 | 0.87 | — | -12.74 | -2.86 |
| Interest Coverage | 19.69 | 19.69 | 11.21 | 4.88 | 5.62 | 5.34 | 3.39 | 2.95 | 4.36 | 14.18 | 17.30 |
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 | 1.44 | 1.44 | 1.49 | 1.40 | 1.42 | 1.52 | 1.73 | 1.75 | 1.74 | 1.96 | 1.90 |
| Quick Ratio | 0.88 | 0.88 | 0.91 | 0.75 | 0.65 | 0.77 | 1.04 | 1.08 | 1.07 | 1.30 | 1.35 |
| Cash Ratio | 0.15 | 0.15 | 0.14 | 0.12 | 0.12 | 0.17 | 0.29 | 0.32 | 0.26 | 0.41 | 0.45 |
| Asset Turnover | — | 1.75 | 1.61 | 1.35 | 1.29 | 1.21 | 1.57 | 1.65 | 1.77 | 2.07 | 2.13 |
| Inventory Turnover | 5.10 | 5.10 | 4.89 | 3.42 | 2.81 | 3.03 | 4.87 | 5.55 | 5.69 | 6.95 | 8.21 |
| Days Sales Outstanding | — | 76.23 | 78.61 | 82.33 | 70.16 | 81.64 | 69.43 | 65.25 | 66.39 | 60.83 | 61.41 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 2.5% | 3.9% | 6.9% | 13.0% | 7.4% | 5.8% | 6.4% | 8.0% | 6.9% | 8.0% |
| FCF Yield | 1.2% | 1.4% | 2.8% | 5.7% | 7.3% | 12.4% | 17.9% | 24.3% | — | 1.6% | 6.4% |
| Buyback Yield | 1.0% | 1.1% | 1.4% | 1.0% | 2.5% | 2.5% | 0.0% | 6.2% | 7.9% | 2.4% | 3.1% |
| Total Shareholder Yield | 1.0% | 1.1% | 1.4% | 1.0% | 2.5% | 2.5% | 0.0% | 6.2% | 7.9% | 2.4% | 3.1% |
| Shares Outstanding | — | $116M | $119M | $120M | $124M | $127M | $129M | $132M | $141M | $145M | $144M |
Hyperscaler customer concentration risk
According to current market data, Celestica trades at a P/E of 46.30, which suggests investors are pricing in a fundamental shift toward high-margin AI infrastructure rather than the cyclical, low-multiple profile historically associated with traditional electronic manufacturing services providers within the broader hardware sector.
The forward P/E of 34.04 implies that the market expects sustained earnings growth, likely driven by the company's JDM initiatives in the CCS segment. Investors should monitor whether this valuation premium remains justified if the current hyperscaler capital expenditure cycle shows signs of cooling.
Based on reported financial figures, Celestica's ROIC has trended upward to 8.2% in 2026Q1, indicating that management is successfully deploying capital into higher-complexity projects that generate superior returns compared to the company's historical performance in the commoditized assembly market during the 2023-2024 period.
The improvement in ROIC suggests that the strategic pivot toward specialized engineering and design-in services is yielding tangible efficiency gains. This trend warrants further investigation to determine if these returns can be sustained as the company scales its infrastructure to meet hyperscale demand.
As reported in recent quarterly filings, Celestica's cash conversion cycle reached 63 days in 2026Q1, a notable improvement from the 115 days observed in 2023Q4, reflecting a more disciplined approach to managing inventory and receivables amidst the rapid expansion of its cloud-focused business units.
While the reduction in the CCC is a positive signal for operational efficiency, the inherent volatility in inventory velocity suggests that the company remains sensitive to supply chain disruptions. Investors should monitor whether this efficiency is structural or merely a temporary byproduct of specific project-based revenue recognition.
Based on the provided quarterly data, Celestica maintains a debt-to-equity ratio of 0.38 as of 2026Q1, which provides a significant competitive advantage in a high-rate environment compared to more levered peers who face greater interest expense pressure on their capital structures.
This fortress-like balance sheet position allows the company to fund aggressive capacity expansion without the need for dilutive financing. The interest coverage ratio of 17.02 further suggests that debt service remains well within comfortable limits, providing a buffer against potential sector-specific downturns.
The market's reliance on the Price-to-Sales ratio to evaluate Celestica is fundamentally flawed, as it fails to account for the company's transition toward higher-margin JDM services, which inherently carry different profitability profiles than the low-margin, high-volume assembly contracts that previously dominated the revenue mix.
Analysts should instead focus on EV/EBITDA or ROIC to better capture the true earning power of the business model. Using P/S as a primary valuation metric risks undervaluing the company's shift toward proprietary design-in work, which is less commoditized than traditional EMS revenue.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying CLS stock.
Celestica Inc.'s current P/E ratio is 47.3x. The historical average is 27.3x. This places it at the 89th percentile of its historical range.
Celestica Inc.'s current EV/EBITDA is 31.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.3x.
Celestica Inc.'s return on equity (ROE) is 41.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 3.3%.
Based on historical data, Celestica Inc. is trading at a P/E of 47.3x. This is at the 89th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Celestica Inc. has 11.7% gross margin and 8.6% operating margin.
Celestica Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.