Latest Ratios: P/E Ratio -0.6x · EV/EBITDA N/A · ROE -66.6%. (2011–2025 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 | $81M | $64M | $147M | $129M | $197M | $392M | $444M | $519M | $467M | $756M | $996M |
| Enterprise Value | $132M | $115M | $226M | $220M | $323M | $505M | $498M | $466M | $391M | $634M | $909M |
| P/E Ratio → | -0.59 | — | — | — | — | 20.62 | 61.38 | 40.73 | 19.13 | 30.14 | 13.77 |
| P/S Ratio | 0.20 | 0.16 | 0.33 | 0.23 | 0.29 | 0.61 | 0.91 | 0.95 | 0.81 | 1.29 | 1.85 |
| P/B Ratio | 0.58 | 0.46 | 0.54 | 0.40 | 0.46 | 0.78 | 0.90 | 1.09 | 1.00 | 1.56 | 2.21 |
| P/FCF | — | — | 6.84 | 2.33 | — | — | 15.99 | 8.73 | — | 19.73 | 12.68 |
| P/OCF | — | — | 4.61 | 1.94 | — | 18.95 | 9.33 | 6.25 | 31.80 | 12.40 | 9.81 |
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 | — | 0.29 | 0.51 | 0.39 | 0.47 | 0.78 | 1.02 | 0.85 | 0.68 | 1.08 | 1.69 |
| EV / EBITDA | — | — | — | — | — | 8.03 | 9.58 | 8.75 | 6.38 | 8.99 | 7.51 |
| EV / EBIT | — | — | — | — | — | 19.00 | 29.93 | 20.25 | 8.94 | 9.70 | 9.22 |
| EV / FCF | — | — | 10.55 | 3.98 | — | — | 17.91 | 7.84 | — | 16.53 | 11.57 |
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 | 18.4% | 18.4% | 21.8% | 16.3% | 23.6% | 26.6% | 27.5% | 27.2% | 28.4% | 33.5% | 39.5% |
| Operating Margin | -12.9% | -12.9% | -9.5% | -15.6% | -8.5% | 4.3% | 4.6% | 4.5% | 5.7% | 6.9% | 17.2% |
| Net Profit Margin | -34.6% | -34.6% | -9.7% | -19.0% | -8.3% | 2.9% | 1.5% | 2.4% | 4.2% | 4.5% | 13.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -66.6% | -66.6% | -14.4% | -28.6% | -12.3% | 3.8% | 1.5% | 2.7% | 5.1% | 5.6% | 17.4% |
| ROA | -29.0% | -29.0% | -7.6% | -16.2% | -7.0% | 2.2% | 0.9% | 1.9% | 3.8% | 4.2% | 13.4% |
| ROIC | -14.2% | -14.2% | -8.2% | -13.6% | -7.5% | 3.5% | 3.5% | 4.5% | 6.5% | 8.4% | 19.2% |
| ROCE | -15.6% | -15.6% | -9.8% | -16.8% | -9.2% | 4.1% | 3.6% | 4.6% | 6.4% | 8.0% | 19.7% |
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 | 0.79 | 0.79 | 0.50 | 0.45 | 0.42 | 0.37 | 0.34 | 0.18 | 0.04 | 0.03 | 0.04 |
| Debt / EBITDA | — | — | — | — | — | 2.98 | 3.22 | 1.62 | 0.29 | 0.23 | 0.16 |
| Net Debt / Equity | — | 0.37 | 0.29 | 0.28 | 0.29 | 0.22 | 0.11 | -0.11 | -0.16 | -0.25 | -0.19 |
| Net Debt / EBITDA | — | — | — | — | — | 1.80 | 1.03 | -1.00 | -1.24 | -1.74 | -0.72 |
| Debt / FCF | — | — | 3.71 | 1.65 | — | — | 1.92 | -0.90 | — | -3.20 | -1.10 |
| Interest Coverage | -19.45 | -19.45 | -9.10 | -15.30 | -8.71 | 3.94 | 3.86 | 5.89 | 10.48 | 15.84 | 25.33 |
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 | 1.83 | 1.83 | 2.30 | 2.64 | 2.47 | 2.23 | 2.46 | 2.96 | 3.15 | 2.97 | 3.32 |
| Quick Ratio | 1.15 | 1.15 | 1.55 | 1.51 | 1.03 | 1.11 | 1.49 | 1.99 | 1.73 | 1.92 | 2.24 |
| Cash Ratio | 0.43 | 0.43 | 0.70 | 0.75 | 0.36 | 0.47 | 0.78 | 1.10 | 0.84 | 1.09 | 1.14 |
| Asset Turnover | — | 1.00 | 0.81 | 0.97 | 0.92 | 0.74 | 0.59 | 0.78 | 0.93 | 0.90 | 0.92 |
| Inventory Turnover | 3.44 | 3.44 | 3.08 | 3.47 | 2.21 | 2.31 | 2.32 | 3.24 | 2.60 | 2.94 | 3.21 |
| Days Sales Outstanding | — | 44.37 | 71.70 | 53.82 | 53.02 | 59.48 | 75.71 | 69.59 | 45.99 | 45.47 | 42.75 |
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 | — | — | — | — | 4.4% | 2.7% | 1.1% | 1.0% | 4.3% | — | 0.0% |
| Payout Ratio | — | — | — | — | — | 56.3% | 66.8% | 40.1% | 83.0% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 4.9% | 1.6% | 2.5% | 5.2% | 3.3% | 7.3% |
| FCF Yield | — | — | 14.6% | 42.9% | — | — | 6.3% | 11.4% | — | 5.1% | 7.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 4.4% | 2.7% | 1.1% | 1.0% | 4.3% | 0.0% | 4.0% |
| Shares Outstanding | — | $35M | $35M | $35M | $34M | $35M | $34M | $34M | $34M | $34M | $35M |
Structural insolvency and regulatory risk
According to recent market data, CSTE trades at a price-to-sales multiple of 0.18, a valuation level that suggests investors are heavily discounting the company's future viability due to persistent operating losses and the ongoing, high-risk transition toward an asset-light manufacturing model in a commoditized market.
The current P/S multiple of 0.18 is significantly lower than the broader building products sector, indicating that the market assigns little value to the company's brand equity. This valuation appears to be a direct consequence of the company's inability to generate positive earnings, rendering traditional P/E or EV/EBITDA metrics effectively meaningless for comparative analysis.
As reported in financial statements, CSTE's ROIC has remained consistently negative over the last ten quarters, bottoming at -6.0% in 2023Q4, which underscores the company's failure to generate returns that exceed its cost of capital during its ongoing, painful industrial restructuring process.
The persistent negative ROIC suggests that the capital invested in the business is currently destroying value rather than compounding it. This trend is unlikely to reverse until the company can successfully stabilize its gross margins and achieve a sustainable scale in its new porcelain product lines.
Based on the company's reported figures, the cash conversion cycle has remained elevated, peaking at 170 days in 2025Q1, which highlights a significant inefficiency in managing inventory and receivables compared to historical norms and the broader industrial sector's operational standards.
The high DIO, which has consistently stayed above 110 days, suggests that the company is struggling to move its legacy quartz inventory in a market that is increasingly shifting toward alternative materials. This inventory bloat ties up critical liquidity that is desperately needed to fund the company's pivot to an asset-light model.
According to recent SEC filings, CSTE's debt-to-equity ratio has climbed to 0.89 as of 2026Q1, reflecting a deteriorating balance sheet where the company's reliance on debt is increasing even as its equity base is eroded by sustained net losses and restructuring charges.
The negative interest coverage ratio of -9.19 in 2026Q1 is a major red flag, indicating that the company is currently unable to cover its interest obligations from core operations. Investors should monitor the company's ability to refinance existing debt, as its current cash-burning profile leaves little room for error.
Investors frequently misapply the price-to-book ratio to CSTE, currently at 0.52, by assuming it represents a floor for valuation, when in reality, the book value is heavily inflated by assets that may require further impairment as the company exits its manufacturing footprint.
Using P/B as a valuation floor is dangerous here because the company's book value is not a reliable proxy for liquidation value. A more appropriate metric would be a focus on net cash and the burn rate, as the company's primary challenge is survival rather than asset-backed growth.
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Quick answers to the most common questions about buying CSTE stock.
Caesarstone Ltd.'s current P/E ratio is -0.6x. The historical average is 27.3x.
Caesarstone Ltd.'s return on equity (ROE) is -66.6%. The historical average is 2.3%.
Based on historical data, Caesarstone Ltd. is trading at a P/E of -0.6x. Compare with industry peers and growth rates for a complete picture.
Caesarstone Ltd. has 18.4% gross margin and -12.9% operating margin.