Latest Ratios: P/E Ratio -8.4x · EV/EBITDA 6.9x · ROE -4.0%. (2017–2025 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $2.2B | $3.5B | $6.2B | $5.7B | $15.1B | $12.7B | $4.6B | $2.9B | — |
| Enterprise Value | $5.8B | $6.4B | $7.8B | $10.7B | $10.4B | $20.1B | $16.1B | $6.2B | $4.9B | — |
| P/E Ratio → | -8.37 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.65 | 0.92 | 1.38 | 2.37 | 2.13 | 8.03 | 10.15 | 4.72 | 3.01 | — |
| P/B Ratio | 0.35 | 0.46 | 0.69 | 1.04 | 0.83 | 1.26 | 1.41 | 3.69 | 2.77 | — |
| P/FCF | 4.39 | 6.16 | 9.86 | 12.40 | 18.47 | 73.41 | 81.73 | 96.37 | — | — |
| P/OCF | 2.55 | 3.58 | 5.45 | 8.36 | 11.11 | 46.54 | 48.33 | 39.13 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.61 | 3.06 | 4.05 | 3.92 | 10.71 | 12.84 | 6.41 | 5.04 | — |
| EV / EBITDA | 6.94 | 7.72 | 17.33 | — | — | 44.58 | 60.33 | 52.93 | 37.11 | — |
| EV / EBIT | 80.48 | 89.50 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 17.52 | 21.88 | 21.24 | 33.99 | 97.89 | 103.35 | 130.89 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.0% | 66.0% | 66.0% | 65.5% | 64.1% | 66.6% | 65.0% | 63.9% | 59.1% | 57.0% |
| Operating Margin | 2.9% | 2.9% | -10.8% | -27.9% | -147.6% | -4.6% | -2.9% | -8.5% | -10.9% | -16.0% |
| Net Profit Margin | -8.2% | -8.2% | -24.9% | -34.7% | -148.9% | -14.4% | -28.0% | -26.5% | -25.0% | -28.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -4.0% | -4.0% | -11.4% | -14.2% | -42.3% | -2.6% | -6.8% | -22.5% | -20.7% | -20.5% |
| ROA | -1.8% | -1.8% | -5.3% | -6.8% | -23.2% | -1.5% | -3.8% | -6.9% | -6.3% | -6.6% |
| ROIC | 0.6% | 0.6% | -2.1% | -5.0% | -20.6% | -0.4% | -0.4% | -2.1% | -2.5% | -3.4% |
| ROCE | 0.7% | 0.7% | -2.6% | -6.3% | -25.6% | -0.5% | -0.4% | -2.7% | -3.3% | -4.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.92 | 0.92 | 0.89 | 0.80 | 0.75 | 0.47 | 0.40 | 1.38 | 1.89 | 1.57 |
| Debt / EBITDA | 5.41 | 5.41 | 10.17 | — | — | 12.45 | 13.59 | 14.60 | 15.14 | 24.72 |
| Net Debt / Equity | — | 0.86 | 0.84 | 0.74 | 0.70 | 0.42 | 0.37 | 1.32 | 1.87 | 1.52 |
| Net Debt / EBITDA | 5.01 | 5.01 | 9.52 | — | — | 11.15 | 12.62 | 13.96 | 14.94 | 24.07 |
| Debt / FCF | — | 11.36 | 12.02 | 8.85 | 15.52 | 24.48 | 21.62 | 34.51 | — | — |
| Interest Coverage | 0.27 | 0.27 | -0.95 | -2.45 | -13.76 | -0.02 | -2.16 | -0.58 | -0.81 | -1.06 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.84 | 0.84 | 0.87 | 0.91 | 0.89 | 0.86 | 0.81 | 0.76 | 0.63 | 0.67 |
| Quick Ratio | 0.84 | 0.84 | 0.87 | 0.91 | 0.83 | 0.86 | 0.81 | 0.76 | 0.59 | 0.59 |
| Cash Ratio | 0.21 | 0.21 | 0.21 | 0.23 | 0.22 | 0.31 | 0.18 | 0.12 | 0.04 | 0.08 |
| Asset Turnover | — | 0.22 | 0.22 | 0.21 | 0.19 | 0.09 | 0.08 | 0.26 | 0.26 | 0.23 |
| Inventory Turnover | — | — | — | — | 9.79 | — | — | — | 12.78 | 7.47 |
| Days Sales Outstanding | — | 122.16 | 113.97 | 126.11 | 119.68 | 176.27 | 214.71 | 125.07 | 124.86 | 126.41 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 1.1% | 1.2% | 1.3% | 0.1% | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 22.8% | 16.2% | 10.1% | 8.1% | 5.4% | 1.4% | 1.2% | 1.0% | — | — |
| Buyback Yield | 14.0% | 10.0% | 5.7% | 1.6% | 3.1% | 1.1% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 14.0% | 10.0% | 6.7% | 2.8% | 4.4% | 1.2% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $673M | $694M | $672M | $679M | $641M | $429M | $274M | $305M | $305M |
High leverage and goodwill
According to recent market data, Clarivate trades at a P/S multiple of 0.55, which sits at a significant discount to information services peers like RELX and MSCI, suggesting that investors are heavily discounting the company's ability to return to sustainable organic growth and positive net income.
The forward P/E of 2.86 appears to reflect extreme skepticism regarding the company's earnings trajectory rather than a value opportunity. This valuation gap relative to the broader sector suggests that the market is pricing in a permanent impairment of the company's growth prospects following its aggressive acquisition cycle.
Based on reported financial statements, Clarivate's ROIC has struggled to maintain positive territory, hovering near 0.3% in recent quarters, which indicates that the company is failing to generate returns on invested capital that exceed its cost of capital, unlike its more efficient industry peers.
The persistent inability to generate meaningful returns on capital suggests that the massive capital outlays for acquisitions have not yet translated into operational synergies. Investors should monitor whether management can pivot toward organic efficiency, as current returns remain well below the levels required to justify the company's historical investment strategy.
As reported in recent filings, Clarivate's DSO remains elevated at 131 days, which is significantly higher than typical industry standards for subscription-based information services, indicating potential friction in the collection process or structural delays in the renewal of multi-year academic and corporate contracts.
The lack of improvement in the cash conversion cycle suggests that the company's working capital management is not yet optimized to support its high fixed-cost structure. This inefficiency may be a byproduct of integrating disparate billing systems from various acquisitions, which warrants further investigation into the company's internal operational cohesion.
Based on the provided balance sheet data, Clarivate's debt-to-EBITDA ratio has frequently exceeded 20x in recent quarters, a level that is substantially higher than the leverage profiles of its peers and suggests that the company's ability to service its debt is under significant pressure.
The interest coverage ratio, which has dipped into negative territory in several periods, indicates that the company's operational earnings are insufficient to cover its debt obligations comfortably. This leverage profile leaves little room for error and likely limits the company's capacity to pursue further strategic investments without additional financing.
Analysts frequently rely on Adjusted EBITDA to evaluate Clarivate's performance, yet this metric often obscures the significant impact of purchase accounting and high interest expenses that are central to the company's current financial reality, leading to an overly optimistic view of its true cash-generative capacity.
Investors should instead focus on free cash flow and net income, as these metrics better capture the actual cost of the company's debt-heavy capital structure and the ongoing amortization of acquired intangibles. Relying on EBITDA in this context risks ignoring the structural challenges that prevent the company from achieving consistent GAAP profitability.
Includes 30+ ratios · 9 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CLVT stock.
Clarivate Plc's current P/E ratio is -8.4x. This places it at the 50th percentile of its historical range.
Clarivate Plc's current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 36.7x.
Clarivate Plc's return on equity (ROE) is -4.0%. The historical average is -16.1%.
Based on historical data, Clarivate Plc is trading at a P/E of -8.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Clarivate Plc has 66.0% gross margin and 2.9% operating margin.
Clarivate Plc's Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.