Latest Ratios: P/E Ratio 19.3x · EV/EBITDA 11.6x · ROE 15.7%. (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 | $71.0B | $84.5B | $63.8B | $50.4B | $30.4B | $41.5B | $33.7B | $32.6B | $22.0B | $30.3B | $28.7B |
| Enterprise Value | $86.6B | $100.1B | $75.0B | $56.5B | $35.0B | $47.2B | $38.7B | $40.2B | $30.0B | $37.4B | $34.3B |
| P/E Ratio → | 19.28 | 22.65 | 18.43 | 15.97 | 8.38 | 16.20 | 29.99 | 21.57 | 22.52 | 16.63 | 21.90 |
| P/S Ratio | 1.90 | 2.26 | 1.86 | 1.59 | 1.00 | 1.61 | 1.50 | 1.31 | 0.92 | 1.25 | 1.10 |
| P/B Ratio | 2.82 | 3.32 | 2.89 | 2.57 | 1.42 | 2.25 | 2.03 | 1.66 | 1.16 | 1.69 | 1.89 |
| P/FCF | 24.37 | 29.01 | 26.91 | 17.11 | 14.15 | 17.52 | 13.86 | 14.40 | 24.82 | 26.53 | 17.72 |
| P/OCF | 12.62 | 15.02 | 13.13 | 10.97 | 8.53 | 11.10 | 10.39 | 9.38 | 10.77 | 14.11 | 11.39 |
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 | — | 2.67 | 2.18 | 1.78 | 1.15 | 1.83 | 1.72 | 1.62 | 1.25 | 1.54 | 1.31 |
| EV / EBITDA | 11.58 | 13.38 | 11.26 | 9.46 | 6.70 | 10.69 | 10.22 | 10.10 | 8.99 | 12.25 | 10.89 |
| EV / EBIT | 16.27 | 18.80 | 14.58 | 14.16 | 9.90 | 15.53 | 21.24 | 17.84 | 14.33 | 18.45 | 16.99 |
| EV / FCF | — | 34.37 | 31.63 | 19.17 | 16.28 | 19.90 | 15.92 | 17.76 | 33.80 | 32.67 | 21.19 |
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 | 36.1% | 36.1% | 35.7% | 34.2% | 33.1% | 32.8% | 32.9% | 31.8% | 32.3% | 32.1% | 32.2% |
| Operating Margin | 14.2% | 14.2% | 14.3% | 14.1% | 12.4% | 11.4% | 10.6% | 10.0% | 9.2% | 8.4% | 7.8% |
| Net Profit Margin | 10.0% | 10.0% | 10.1% | 9.9% | 12.8% | 8.8% | 4.1% | 6.2% | 4.1% | 7.5% | 5.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.7% | 15.7% | 16.6% | 15.4% | 19.5% | 12.9% | 5.1% | 7.9% | 5.3% | 11.0% | 8.7% |
| ROA | 7.0% | 7.0% | 7.5% | 7.4% | 9.5% | 5.9% | 2.2% | 3.2% | 2.3% | 5.1% | 3.8% |
| ROIC | 10.7% | 10.7% | 12.5% | 13.0% | 11.3% | 9.7% | 7.3% | 6.9% | 6.4% | 6.6% | 7.1% |
| ROCE | 12.0% | 12.0% | 13.5% | 13.1% | 11.2% | 9.3% | 7.3% | 7.3% | 6.9% | 7.0% | 7.4% |
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 | 0.77 | 0.77 | 0.67 | 0.60 | 0.47 | 0.58 | 0.68 | 0.89 | 0.91 | 0.53 | 0.54 |
| Debt / EBITDA | 2.63 | 2.63 | 2.22 | 1.98 | 1.93 | 2.43 | 2.99 | 4.40 | 5.14 | 3.14 | 2.60 |
| Net Debt / Equity | — | 0.61 | 0.51 | 0.31 | 0.21 | 0.30 | 0.30 | 0.39 | 0.42 | 0.39 | 0.37 |
| Net Debt / EBITDA | 2.09 | 2.09 | 1.68 | 1.02 | 0.88 | 1.27 | 1.32 | 1.91 | 2.39 | 2.30 | 1.78 |
| Debt / FCF | — | 5.36 | 4.72 | 2.06 | 2.14 | 2.37 | 2.06 | 3.36 | 8.98 | 6.15 | 3.47 |
| Interest Coverage | 6.57 | 6.57 | 8.70 | 11.68 | 11.06 | 8.70 | 3.83 | 5.77 | 6.05 | 7.01 | 5.68 |
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 | 1.74 | 1.74 | 1.37 | 1.69 | 1.84 | 1.85 | 2.01 | 1.34 | 1.29 | 1.62 | 1.59 |
| Quick Ratio | 1.14 | 1.14 | 0.91 | 1.26 | 1.32 | 1.38 | 1.59 | 1.10 | 1.03 | 1.17 | 1.09 |
| Cash Ratio | 0.47 | 0.47 | 0.38 | 0.63 | 0.74 | 0.76 | 1.03 | 0.77 | 0.68 | 0.35 | 0.42 |
| Asset Turnover | — | 0.64 | 0.70 | 0.74 | 0.72 | 0.65 | 0.61 | 0.52 | 0.51 | 0.64 | 0.79 |
| Inventory Turnover | 4.56 | 4.56 | 4.81 | 5.36 | 5.22 | 5.44 | 5.94 | 5.48 | 4.64 | 5.07 | 5.73 |
| Days Sales Outstanding | — | 45.23 | 49.46 | 47.07 | 91.64 | 104.20 | 98.35 | 115.00 | 80.81 | 56.99 | 55.64 |
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 | 1.4% | 1.2% | 2.6% | 1.7% | 2.8% | 1.9% | 1.7% | 1.8% | 2.5% | 1.5% | 1.2% |
| Payout Ratio | 26.7% | 26.7% | 47.6% | 27.0% | 22.0% | 35.2% | 63.2% | 38.0% | 55.0% | 25.7% | 26.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.2% | 4.4% | 5.4% | 6.3% | 11.9% | 6.2% | 3.3% | 4.6% | 4.4% | 6.0% | 4.6% |
| FCF Yield | 4.1% | 3.4% | 3.7% | 5.8% | 7.1% | 5.7% | 7.2% | 6.9% | 4.0% | 3.8% | 5.6% |
| Buyback Yield | 1.7% | 1.4% | 2.3% | 5.5% | 3.9% | 2.2% | 0.7% | 2.6% | 3.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.0% | 2.6% | 4.9% | 7.2% | 6.7% | 4.1% | 2.5% | 4.4% | 6.1% | 1.6% | 1.2% |
| Shares Outstanding | — | $677M | $690M | $729M | $764M | $787M | $791M | $808M | $837M | $841M | $834M |
Cyclical Margin Volatility
Based on current market data, CRH trades at a forward P/E of 18.92, which appears to discount the company relative to US-based pure-play peers like Vulcan Materials, suggesting that investors are applying a complexity premium to the firm's integrated, multi-geography business model compared to simpler domestic competitors.
The valuation gap between CRH and its US-domiciled peers may be narrowing as the company shifts its primary listing to the NYSE, yet the current EV/EBITDA multiple of 12.12 remains significantly lower than the 19x-plus multiples commanded by pure-play aggregate producers. This suggests that the market continues to struggle with valuing the hybrid nature of the Building Products segment alongside the heavy materials business, potentially creating a re-rating opportunity if the US-centric earnings profile gains broader recognition.
As reported in recent financial statements, CRH's ROIC has fluctuated between 0.0% and 7.3% over the last ten quarters, indicating that the company's aggressive acquisition strategy frequently dilutes returns on invested capital before synergies can be fully realized across the expanded asset base.
The volatility in ROIC suggests that the company's capital allocation is heavily weighted toward inorganic growth, which inherently carries a lag in return generation. Investors should monitor whether the recent increase in goodwill, now reaching $12.6 billion, begins to weigh on long-term capital efficiency metrics as the company integrates its latest bolt-on acquisitions.
According to quarterly filings, CRH's cash conversion cycle has shown significant variance, peaking at 101 days in 2025Q1, which highlights the company's sensitivity to seasonal inventory buildup and the inherent difficulty in managing receivables during the slower winter construction months in its primary markets.
The fluctuation in the cash conversion cycle underscores the operational challenges of maintaining a large inventory of heavy materials while managing project-based receivables. The company's ability to tighten these cycles during peak construction periods is a critical indicator of its operational leverage and its ability to manage supplier and customer payment terms effectively.
Based on the provided figures, CRH maintains a debt-to-equity ratio of 0.81 as of 2026Q1, which, while elevated from 0.60 in 2023Q4, remains within a range that suggests the company retains sufficient balance sheet flexibility to continue its active portfolio management and strategic acquisition strategy.
The rise in leverage appears to be a deliberate choice to fund growth rather than a sign of financial distress, especially given the company's history of divesting lower-margin assets to deleverage. However, the interest coverage ratio's sensitivity to seasonal operating income swings warrants close monitoring to ensure that debt service remains comfortable during cyclical downturns.
The net profit margin is frequently misapplied to CRH's business model, as it obscures the underlying cash-generative capacity of the aggregates business by including non-cash depreciation charges related to massive, long-lived quarry assets that do not reflect the true economic cost of maintaining the company's competitive moat.
Analysts should prioritize FCF margins or EBITDA-based metrics over net margins, as the latter are heavily distorted by the accounting treatment of quarry depletion and amortization of goodwill from acquisitions. Relying on net margins may lead to an underestimation of the company's true earning power, as it fails to account for the high-quality, recurring cash flows generated by the firm's localized aggregate monopolies.
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Quick answers to the most common questions about buying CRH stock.
CRH plc's current P/E ratio is 19.3x. The historical average is 30.2x. This places it at the 55th percentile of its historical range.
CRH plc's current EV/EBITDA is 11.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
CRH plc's return on equity (ROE) is 15.7%. The historical average is 11.6%.
Based on historical data, CRH plc is trading at a P/E of 19.3x. This is at the 55th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CRH plc's current dividend yield is 1.39% with a payout ratio of 26.7%.
CRH plc has 36.1% gross margin and 14.2% operating margin. Operating margin between 10-20% is typical for established companies.
CRH plc's Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.