Latest Ratios: P/E Ratio 15.5x · EV/EBITDA 7.3x · ROE 32.2%. (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 | $4.1B | $2.7B | $1.5B | $3.0B | $1.7B | $2.6B | $1.9B | $1.9B | $966M | $1.2B | $622M |
| Enterprise Value | $5.9B | $4.5B | $3.3B | $4.7B | $3.8B | $4.9B | $4.3B | $4.4B | $3.0B | $3.1B | $2.7B |
| P/E Ratio → | 15.53 | 9.82 | 27.76 | 23.76 | 5.77 | 10.23 | — | 32.68 | 5.14 | — | — |
| P/S Ratio | 0.48 | 0.32 | 0.21 | 0.41 | 0.20 | 0.43 | 0.40 | 0.29 | 0.17 | 0.23 | 0.13 |
| P/B Ratio | 4.36 | 2.76 | 2.08 | 3.45 | 2.16 | 7.96 | — | — | — | — | — |
| P/FCF | 25.54 | 16.83 | — | 45.13 | 9.32 | 21.09 | 12.77 | 10.86 | — | — | — |
| P/OCF | 8.31 | 5.47 | 5.21 | 6.90 | 3.67 | 7.38 | 5.81 | 4.28 | 14.63 | 7.68 | 7.07 |
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 | — | 0.53 | 0.45 | 0.64 | 0.44 | 0.79 | 0.89 | 0.66 | 0.52 | 0.59 | 0.58 |
| EV / EBITDA | 7.32 | 5.60 | 5.74 | 7.40 | 5.79 | 6.51 | 11.27 | 7.22 | 4.86 | 6.41 | 6.71 |
| EV / EBIT | 12.41 | 9.49 | 13.90 | 15.01 | 15.07 | 9.84 | 22.20 | 15.63 | 8.29 | 14.77 | 10.97 |
| EV / FCF | — | 28.30 | — | 70.71 | 20.17 | 39.12 | 28.48 | 24.75 | — | — | — |
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 | 10.1% | 10.1% | 12.8% | 9.8% | 11.3% | 10.8% | 10.0% | 9.9% | 9.5% | 10.3% | 10.9% |
| Operating Margin | 5.6% | 5.6% | 3.7% | 4.7% | 4.2% | 7.9% | 2.6% | 4.8% | 7.1% | 6.1% | 5.2% |
| Net Profit Margin | 3.2% | 3.2% | 0.8% | 1.7% | 3.6% | 4.2% | -0.4% | 1.0% | 3.3% | -0.6% | -0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 32.2% | 32.2% | 7.0% | 15.0% | 54.3% | 247.9% | — | — | — | — | — |
| ROA | 5.4% | 5.4% | 1.2% | 2.5% | 5.8% | 5.0% | -0.4% | 1.5% | 4.9% | -0.8% | -0.1% |
| ROIC | 13.4% | 13.4% | 8.0% | 9.4% | 9.9% | 15.0% | 4.1% | 11.3% | 17.8% | 15.6% | 13.3% |
| ROCE | 13.9% | 13.9% | 8.3% | 10.0% | 10.6% | 13.8% | 3.6% | 10.5% | 15.1% | 12.0% | 9.5% |
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 | 2.00 | 2.00 | 2.66 | 2.16 | 2.73 | 7.32 | — | — | — | — | — |
| Debt / EBITDA | 2.42 | 2.42 | 3.36 | 2.96 | 3.39 | 3.22 | 7.62 | 4.39 | 3.54 | 4.42 | 6.04 |
| Net Debt / Equity | — | 1.88 | 2.47 | 1.95 | 2.51 | 6.81 | — | — | — | — | — |
| Net Debt / EBITDA | 2.27 | 2.27 | 3.11 | 2.68 | 3.11 | 3.00 | 6.22 | 4.05 | 3.27 | 3.86 | 5.19 |
| Debt / FCF | — | 11.47 | — | 25.58 | 10.84 | 18.03 | 15.71 | 13.88 | — | — | — |
| Interest Coverage | 4.16 | 4.16 | 2.13 | 2.70 | 1.97 | 3.21 | 1.12 | 1.47 | 2.39 | 0.86 | 1.28 |
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 | 1.29 | 1.29 | 1.27 | 1.31 | 1.21 | 1.13 | 1.35 | 1.06 | 1.27 | 1.26 | 1.36 |
| Quick Ratio | 0.51 | 0.51 | 0.45 | 0.52 | 0.43 | 0.52 | 0.81 | 0.53 | 0.69 | 0.68 | 0.79 |
| Cash Ratio | 0.07 | 0.07 | 0.10 | 0.15 | 0.10 | 0.09 | 0.40 | 0.14 | 0.17 | 0.30 | 0.45 |
| Asset Turnover | — | 1.58 | 1.55 | 1.55 | 1.62 | 1.17 | 0.97 | 1.41 | 1.46 | 1.41 | 1.25 |
| Inventory Turnover | 5.40 | 5.40 | 5.42 | 5.95 | 5.37 | 4.60 | 6.17 | 7.92 | 7.80 | 7.31 | 7.15 |
| Days Sales Outstanding | — | 31.22 | 24.18 | 19.56 | 24.24 | 45.48 | 36.58 | 28.88 | 31.01 | 21.75 | 18.55 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 10.2% | 3.6% | 4.2% | 17.3% | 9.8% | — | 3.1% | 19.5% | — | — |
| FCF Yield | 3.9% | 5.9% | — | 2.2% | 10.7% | 4.7% | 7.8% | 9.2% | — | — | — |
| Buyback Yield | 2.8% | 4.3% | 5.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.8% | 4.3% | 5.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $142M | $147M | $149M | $147M | $147M | $139M | $143M | $138M | $110M | $106M |
European energy price volatility
Based on current market data, Constellium trades at a forward P/E of 9.48, which appears to discount the company's specialized aerospace exposure compared to broader industrial peers, suggesting that investors remain cautious regarding the sustainability of recent margin expansion and the volatility of its capital-intensive business model.
The current valuation multiple suggests the market is pricing CSTM as a cyclical commodity player rather than a specialized engineering firm. While the forward P/E is attractive, the P/FCF of 27.22 indicates that the market is heavily discounting the company's ability to convert accounting earnings into free cash flow, likely due to persistent maintenance capital requirements.
As reported in recent financial statements, Constellium's ROIC reached 6.0% in 2026Q1, a recovery from the 2025 lows, yet this remains below the typical cost of capital for industrial manufacturers, indicating that the company's massive investment in rolling and casting infrastructure has yet to yield consistent compounding returns.
The trend in ROIC suggests that while operational improvements are taking hold, the high fixed-cost base continues to act as a drag on overall capital efficiency. Investors should monitor whether the shift toward higher-margin battery enclosures can sustainably push ROIC above the company's weighted average cost of capital over the next several cycles.
According to quarterly filings, the cash conversion cycle has fluctuated significantly, reaching 29 days in 2026Q1, which reflects the inherent difficulty in managing inventory levels and supplier payment terms within a complex, multi-segment industrial supply chain that is highly sensitive to global freight and transportation demand.
The variability in the cash conversion cycle, particularly the spikes in days inventory outstanding, suggests that the company is susceptible to inventory build-ups during periods of slowing automotive or aerospace demand. This inefficiency in working capital management directly impacts the company's liquidity position and necessitates a cautious approach to assessing short-term cash flow stability.
Based on reported figures, Constellium's debt-to-EBITDA ratio of 6.30 in 2026Q1 highlights a significant leverage profile that remains a structural constraint, especially when compared to the more conservative balance sheets of peers like Alcoa, which maintain substantially lower debt levels relative to their total capitalization.
While the interest coverage ratio has improved to 273.00 in the most recent quarter, this figure may be distorted by non-recurring items and should be viewed with skepticism given the company's historical volatility. The high debt load limits management's ability to navigate cyclical downturns without potentially compromising its long-term investment in high-growth automotive and aerospace technologies.
The most commonly misapplied metric for Constellium is headline revenue, which obscures the company's true operational performance by including volatile pass-through metal costs that do not contribute to profitability, making Value-Added Revenue (VAR) a far more accurate gauge of the firm's underlying conversion premium and competitive strength.
Analysts often fall into the trap of using total revenue to calculate growth, which can lead to misleading conclusions during periods of LME aluminum price volatility. By focusing on VAR, investors can better isolate the company's ability to command premiums for its specialized aerospace and automotive alloys, which is the true driver of long-term shareholder value.
Includes 30+ ratios · 15 years · Updated daily
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Quick answers to the most common questions about buying CSTM stock.
Constellium SE's current P/E ratio is 15.5x. The historical average is 19.2x. This places it at the 44th percentile of its historical range.
Constellium SE's current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.3x.
Constellium SE's return on equity (ROE) is 32.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 104.8%.
Based on historical data, Constellium SE is trading at a P/E of 15.5x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Constellium SE has 10.1% gross margin and 5.6% operating margin.
Constellium SE's Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.