Latest Ratios: P/E Ratio 34.9x · EV/EBITDA 25.5x · ROE 19.8%. (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 | $10.8B | $8.8B | $6.8B | $5.7B | $6.0B | $4.6B | $5.2B | $4.4B | $5.4B | $4.3B |
| Enterprise Value | $12.1B | $10.3B | $8.9B | $6.8B | $5.8B | $6.5B | $5.3B | $5.2B | $5.0B | $5.4B | $4.5B |
| P/E Ratio → | 34.86 | 29.46 | 30.05 | 26.55 | 14.33 | 13.84 | 25.21 | 39.26 | 13.12 | 31.42 | 34.84 |
| P/S Ratio | 5.47 | 4.69 | 4.15 | 3.65 | 3.23 | 2.92 | 1.55 | 1.59 | 1.32 | 1.93 | 1.56 |
| P/B Ratio | 6.20 | 5.24 | 5.39 | 4.99 | 3.02 | 3.28 | 2.98 | — | 2.88 | 3.99 | 3.69 |
| P/FCF | 36.92 | 31.67 | 37.46 | 35.90 | — | 13.00 | 16.58 | 16.10 | 14.44 | 20.07 | 16.04 |
| P/OCF | 31.92 | 27.37 | 32.43 | 29.77 | — | 12.08 | 14.75 | 13.29 | 10.64 | 16.97 | 13.44 |
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 | — | 4.47 | 4.16 | 3.64 | 3.25 | 3.15 | 1.82 | 1.59 | 1.50 | 1.95 | 1.64 |
| EV / EBITDA | 25.48 | 21.70 | 21.78 | 23.72 | 148.20 | 24.94 | 13.69 | 16.16 | 8.92 | 11.77 | 17.76 |
| EV / EBIT | 28.50 | 23.18 | 25.99 | 24.43 | 37.60 | 32.52 | 18.40 | 11.67 | 10.04 | 12.82 | 12.35 |
| EV / FCF | — | 30.16 | 37.51 | 35.83 | — | 14.01 | 19.40 | 16.10 | 16.42 | 20.21 | 16.93 |
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 | 42.2% | 42.2% | 40.7% | 40.3% | 37.2% | 33.4% | 34.3% | 35.9% | 35.5% | 36.4% | 36.0% |
| Operating Margin | 18.4% | 18.4% | 16.7% | 13.4% | 0.3% | 10.7% | 9.0% | 6.4% | 13.2% | 13.9% | 6.8% |
| Net Profit Margin | 15.9% | 15.9% | 13.8% | 13.7% | 22.6% | 21.1% | 6.2% | 4.1% | 10.0% | 6.2% | 4.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.8% | 19.8% | 19.6% | 15.7% | 21.5% | 25.9% | 11.8% | — | 23.3% | 13.7% | 10.6% |
| ROA | 11.3% | 11.3% | 11.8% | 7.6% | 9.0% | 9.6% | 3.9% | — | 8.8% | 4.9% | 3.6% |
| ROIC | 19.9% | 19.9% | 17.8% | 11.4% | 0.2% | 7.2% | 10.3% | 52.2% | 18.8% | 20.9% | 9.4% |
| ROCE | 15.5% | 15.5% | 17.9% | 10.5% | 0.2% | 6.1% | 7.4% | — | 14.6% | 13.7% | 6.6% |
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 | 0.59 | 0.59 | 0.19 | 0.23 | 0.24 | 0.51 | 0.87 | — | 0.62 | 0.55 | 0.64 |
| Debt / EBITDA | 2.56 | 2.56 | 0.78 | 1.10 | 11.82 | 3.63 | 3.40 | — | 1.69 | 1.61 | 2.93 |
| Net Debt / Equity | — | -0.25 | 0.01 | -0.01 | 0.02 | 0.25 | 0.51 | — | 0.40 | 0.03 | 0.20 |
| Net Debt / EBITDA | -1.08 | -1.08 | 0.03 | -0.05 | 0.87 | 1.79 | 1.99 | 0.00 | 1.08 | 0.08 | 0.93 |
| Debt / FCF | — | -1.50 | 0.05 | -0.08 | — | 1.01 | 2.82 | 0.00 | 1.98 | 0.14 | 0.88 |
| Interest Coverage | 39.30 | 39.30 | 12.53 | 12.22 | 15.22 | 4.25 | 5.25 | 9.58 | 9.80 | 11.72 | 10.01 |
Net cash position: cash ($1.7B) exceeds total debt ($1.2B)
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 | 5.53 | 5.53 | 2.58 | 2.34 | 1.18 | 2.19 | 1.49 | — | 1.84 | 1.81 | 2.53 |
| Quick Ratio | 4.72 | 4.72 | 1.88 | 1.60 | 0.98 | 1.64 | 1.08 | — | 1.28 | 1.40 | 1.87 |
| Cash Ratio | 3.72 | 3.72 | 0.56 | 0.71 | 0.29 | 0.60 | 0.52 | — | 0.46 | 0.84 | 0.98 |
| Asset Turnover | — | 0.60 | 0.81 | 0.79 | 0.40 | 0.46 | 0.64 | — | 0.83 | 0.78 | 0.80 |
| Inventory Turnover | 3.54 | 3.54 | 3.32 | 3.23 | 3.79 | 3.12 | 4.49 | — | 5.24 | 5.07 | 5.13 |
| Days Sales Outstanding | — | 56.80 | 69.81 | 70.82 | 67.10 | 98.92 | 62.76 | — | 62.26 | 58.09 | 55.04 |
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 | 0.4% | 0.5% | 0.5% | 0.8% | 1.8% | 1.7% | 2.2% | 1.8% | 1.9% | 1.5% | 1.8% |
| Payout Ratio | 14.4% | 14.4% | 15.9% | 22.4% | 26.4% | 23.1% | 55.5% | 69.9% | 24.9% | 45.6% | 62.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 3.4% | 3.3% | 3.8% | 7.0% | 7.2% | 4.0% | 2.5% | 7.6% | 3.2% | 2.9% |
| FCF Yield | 2.7% | 3.2% | 2.7% | 2.8% | — | 7.7% | 6.0% | 6.2% | 6.9% | 5.0% | 6.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 3.5% | 1.6% | 1.5% | 1.5% | 1.1% | 0.5% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.5% | 0.5% | 0.8% | 5.4% | 3.3% | 3.7% | 3.3% | 3.0% | 1.9% | 1.8% |
| Shares Outstanding | — | $59M | $58M | $58M | $57M | $59M | $59M | $61M | $61M | $60M | $59M |
Aerospace OEM production volatility
Based on current market data, Crane trades at a 34.99x TTM P/E ratio, which suggests investors are pricing in significant growth expectations following the 2023 spin-off, despite the company's historical tendency to trade at a discount compared to more diversified industrial conglomerates within the machinery sector.
The forward P/E of 32.21 indicates that the market anticipates earnings expansion, likely driven by the higher-margin Aerospace & Electronics segment. However, the PEG ratio of 2.30 warrants caution, as it implies that the current valuation may be outpacing near-term earnings growth potential.
As reported in recent financial statements, Crane's ROIC has remained relatively muted, fluctuating between 1.9% and 5.5% over the last ten quarters, which indicates that the company is currently struggling to generate returns on invested capital that exceed its cost of capital following recent inorganic expansion efforts.
The disparity between the company's high gross margins and its lower ROIC suggests that significant capital is tied up in non-performing assets or recent acquisitions that have yet to reach full operational maturity. Investors should monitor whether management can improve asset utilization to drive higher returns on the expanded capital base.
According to the provided quarterly data, Crane's cash conversion cycle has remained elevated, peaking at 219 days in 2023Q4 and settling at 107 days in 2026Q1, which reveals persistent inefficiencies in managing inventory and accounts receivable relative to its industrial peers in the machinery space.
The high days inventory outstanding (DIO) of 96 days suggests that the company may be carrying excess stock, potentially as a hedge against supply chain disruptions in the aerospace segment. This extended cycle ties up liquidity and limits the company's ability to convert operational success into immediate free cash flow.
Based on a comparison with industry peers like IDEX Corporation and Flowserve, Crane's EV/EBITDA multiple of 25.58 appears elevated, suggesting that the market is currently assigning a premium to its aerospace-heavy revenue mix compared to the more commoditized fluid handling profiles of its direct competitors.
While Crane leads in specific aerospace niches, the valuation gap relative to Flowserve's 14.69x EV/EBITDA multiple suggests that the market may be overestimating the stability of Crane's aftermarket revenue. The structural differences in business models mean that this premium may be vulnerable if commercial aerospace production rates face sustained headwinds.
The P/E ratio is frequently misapplied to Crane, as it obscures the significant impact of non-cash legacy liabilities and the volatility of working capital adjustments that frequently distort net income, making it a poor proxy for the company's underlying cash-generating capability in the current industrial cycle.
Analysts should instead prioritize EV/EBITDA or P/FCF to better capture the operational performance of the core business segments. Relying solely on P/E ignores the capital-intensive nature of the aerospace business and the potential for future earnings volatility stemming from the company's ongoing portfolio transformation.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CR stock.
Crane Company's current P/E ratio is 34.9x. The historical average is 22.2x. This places it at the 93th percentile of its historical range.
Crane Company's current EV/EBITDA is 25.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.5x.
Crane Company's return on equity (ROE) is 19.8%. The historical average is 15.5%.
Based on historical data, Crane Company is trading at a P/E of 34.9x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Crane Company's current dividend yield is 0.41% with a payout ratio of 14.4%.
Crane Company has 42.2% gross margin and 18.4% operating margin. Operating margin between 10-20% is typical for established companies.
Crane Company's Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.