Latest Ratios: P/E Ratio -1.1x · EV/EBITDA 4.5x · ROE -37.7%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $2.3B | $2.9B | $5.1B | $6.3B | $8.6B | $4.1B | — | — |
| Enterprise Value | $5.7B | $6.6B | $8.1B | $10.4B | $8.9B | $9.7B | $5.7B | — | — |
| P/E Ratio → | -1.12 | — | 12.12 | 16.49 | 14.78 | 21.56 | 25.08 | — | — |
| P/S Ratio | 0.14 | 0.23 | 0.30 | 0.71 | 1.00 | 1.54 | 0.87 | — | — |
| P/B Ratio | 0.52 | 0.83 | 0.72 | 1.23 | 2.35 | 3.29 | 1.79 | — | — |
| P/FCF | 2.44 | 3.99 | 6.82 | 10.20 | 13.74 | 23.60 | 12.28 | — | — |
| P/OCF | 1.73 | 2.83 | 4.38 | 7.49 | 10.54 | 16.76 | 8.13 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.67 | 0.84 | 1.46 | 1.41 | 1.74 | 1.20 | — | — |
| EV / EBITDA | 4.53 | 5.23 | 6.21 | 9.86 | 9.37 | 11.47 | 9.70 | — | — |
| EV / EBIT | 9.36 | — | 13.03 | 17.00 | 13.18 | 16.84 | 17.95 | — | — |
| EV / FCF | — | 11.52 | 18.88 | 20.81 | 19.31 | 26.69 | 16.88 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.0% | 35.0% | 35.9% | 36.2% | 35.7% | 35.3% | 35.2% | 37.1% | 38.1% |
| Operating Margin | 6.2% | 6.2% | 6.2% | 9.3% | 10.1% | 10.2% | 6.5% | 6.3% | 5.9% |
| Net Profit Margin | -13.0% | -13.0% | 2.6% | 4.4% | 6.9% | 7.3% | 3.5% | 2.5% | 2.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -37.7% | -37.7% | 6.1% | 9.2% | 16.4% | 16.5% | 8.7% | 8.4% | 3.7% |
| ROA | -11.2% | -11.2% | 2.1% | 3.3% | 7.4% | 7.9% | 3.4% | 2.5% | — |
| ROIC | 5.6% | 5.6% | 4.8% | 6.8% | 10.7% | 11.3% | 6.3% | 9.2% | 8.2% |
| ROCE | 6.6% | 6.6% | 5.8% | 8.3% | 13.3% | 13.9% | 10.1% | 15.1% | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.69 | 1.69 | 1.39 | 1.40 | 1.01 | 0.50 | 0.74 | 1.41 | — |
| Debt / EBITDA | 3.68 | 3.68 | 4.30 | 5.52 | 2.87 | 1.54 | 2.91 | 3.44 | — |
| Net Debt / Equity | — | 1.57 | 1.28 | 1.27 | 0.95 | 0.43 | 0.67 | 1.35 | 0.00 |
| Net Debt / EBITDA | 3.42 | 3.42 | 3.97 | 5.03 | 2.70 | 1.33 | 2.65 | 3.31 | 0.00 |
| Debt / FCF | — | 7.53 | 12.05 | 10.61 | 5.57 | 3.09 | 4.60 | 5.86 | 0.00 |
| Interest Coverage | -3.07 | -3.07 | 1.93 | 3.03 | 9.63 | 25.11 | 6.54 | 3.22 | 3.90 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.40 | 1.40 | 1.42 | 1.38 | 1.55 | 1.59 | 1.41 | 0.48 | — |
| Quick Ratio | 1.40 | 1.40 | 1.42 | 1.38 | 1.55 | 1.59 | 1.41 | 0.48 | — |
| Cash Ratio | 0.15 | 0.15 | 0.22 | 0.25 | 0.14 | 0.19 | 0.16 | 0.03 | — |
| Asset Turnover | — | 0.91 | 0.80 | 0.57 | 0.95 | 1.11 | 0.91 | 1.01 | — |
| Inventory Turnover | — | — | — | — | — | — | — | 767.10 | 339.40 |
| Days Sales Outstanding | — | 74.26 | 73.11 | 96.90 | 80.25 | 78.92 | 83.64 | 78.79 | 139.83 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.2% | 3.9% | 2.9% | 1.3% | 0.8% | 0.2% | — | — | — |
| Payout Ratio | — | — | 33.4% | 20.2% | 12.3% | 3.2% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 8.3% | 6.1% | 6.8% | 4.6% | 4.0% | — | — |
| FCF Yield | 41.1% | 25.1% | 14.7% | 9.8% | 7.3% | 4.2% | 8.1% | — | — |
| Buyback Yield | 13.5% | 8.3% | 5.1% | 1.6% | 2.1% | 0.7% | 0.0% | — | — |
| Total Shareholder Yield | 19.8% | 12.2% | 8.0% | 2.9% | 2.9% | 0.8% | 0.0% | — | — |
| Shares Outstanding | — | $63M | $65M | $54M | $52M | $52M | $52M | $52M | $52M |
Integration and leverage pressure
According to recent market data, Concentrix trades at a forward P/E of 2.13 and a P/S of 0.16, suggesting that investors are heavily discounting the company's valuation due to the ongoing integration of the Webhelp acquisition and the resulting volatility in reported earnings.
The current valuation multiples appear to reflect a market that is pricing in significant execution risk rather than long-term growth potential. Investors should monitor whether the discount to peers like IBEX and TaskUs narrows as the company demonstrates a clearer path to stabilizing its post-merger margin profile.
Based on reported financial statements, the company's ROIC has remained stagnant at approximately 1.2% over the last ten quarters, indicating that the firm is struggling to generate meaningful returns on its invested capital following its aggressive inorganic growth strategy and large-scale asset acquisitions.
The persistent low ROIC suggests that the capital deployed for acquisitions has yet to yield the expected synergistic benefits. This trend warrants further investigation into whether the company's core business model is losing its ability to compound value or if the current returns are merely suppressed by temporary integration-related accounting charges.
As reported in quarterly filings, the company's asset turnover has hovered near 0.20, reflecting a capital-intensive service model where the efficiency of converting assets into revenue is currently constrained by the complexities of integrating large, disparate global operations into a unified delivery platform.
The stability of DSO around 73 days suggests that while the company maintains consistent collection cycles, the overall asset turnover remains low compared to more agile, less capital-heavy service providers. This indicates that the firm's operational efficiency is currently hampered by the scale and complexity of its recent merger activity.
According to recent balance sheet data, the company's interest coverage ratio has fluctuated significantly, reaching a low of -19.68 in 2025Q4, which highlights the precarious nature of its debt service capacity during periods of heavy integration-related restructuring and non-recurring expense recognition.
The elevated debt-to-equity ratio of 1.70, combined with inconsistent interest coverage, suggests that the company's balance sheet is currently strained. Investors should monitor the firm's ability to deleverage, as any further increase in interest expenses could materially impact the company's already thin net margins.
The P/E ratio is frequently misapplied to Concentrix, as the company's reported net income is heavily distorted by non-cash amortization and one-time integration costs, which obscures the underlying cash-generative capacity of the business and leads to misleading valuation conclusions for institutional analysts.
Instead of relying on P/E, analysts should prioritize EV/EBITDA or P/FCF to better assess the company's operational performance and ability to service its debt. These metrics provide a more accurate view of the firm's core profitability by stripping away the accounting noise associated with its aggressive M&A strategy.
Includes 30+ ratios · 8 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 CNXC stock.
Concentrix Corporation's current P/E ratio is -1.1x. The historical average is 18.0x.
Concentrix Corporation's current EV/EBITDA is 4.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
Concentrix Corporation's return on equity (ROE) is -37.7%. The historical average is 3.9%.
Based on historical data, Concentrix Corporation is trading at a P/E of -1.1x. Compare with industry peers and growth rates for a complete picture.
Concentrix Corporation's current dividend yield is 6.22%.
Concentrix Corporation has 35.0% gross margin and 6.2% operating margin.
Concentrix Corporation's Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.