Latest Ratios: P/E Ratio 40.5x · EV/EBITDA 29.2x · ROE 10.4%. (2013–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $4.4B | $4.8B | $3.7B | $2.2B | $1.9B | $2.0B | $986M | $890M | $706M | $581M |
| Enterprise Value | $5.3B | $5.3B | $4.6B | $3.9B | $2.5B | $2.2B | $2.4B | $997M | $895M | $718M | $631M |
| P/E Ratio → | 40.53 | 38.89 | 34.79 | 35.98 | 22.41 | 28.00 | 50.94 | 21.47 | 19.55 | — | 52.43 |
| P/S Ratio | 4.09 | 4.02 | 5.41 | 4.61 | 2.85 | 2.97 | 3.26 | 2.56 | 2.54 | 2.16 | 1.78 |
| P/B Ratio | 4.24 | 4.07 | 4.35 | 5.76 | 3.97 | 3.84 | 4.22 | 3.56 | 3.37 | 2.66 | 2.13 |
| P/FCF | 33.47 | 32.89 | 31.27 | 24.74 | 20.09 | 34.78 | 35.56 | 16.87 | 17.05 | 18.77 | 19.59 |
| P/OCF | 29.61 | 29.10 | 28.25 | 22.24 | 17.78 | 26.90 | 30.82 | 14.11 | 14.90 | 16.36 | 14.89 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.85 | 5.24 | 4.88 | 3.25 | 3.46 | 3.75 | 2.58 | 2.55 | 2.20 | 1.93 |
| EV / EBITDA | 29.16 | 28.74 | 20.51 | 19.65 | 14.09 | 16.12 | 17.51 | 12.35 | 12.07 | 10.96 | 17.51 |
| EV / EBIT | 28.94 | 28.74 | 25.50 | 23.98 | 17.70 | 22.42 | 24.26 | 16.98 | 14.15 | 14.26 | 18.35 |
| EV / FCF | — | 39.68 | 30.24 | 26.17 | 22.88 | 40.56 | 40.94 | 17.05 | 17.14 | 19.09 | 21.28 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.9% | 41.9% | 44.8% | 44.2% | 42.0% | 40.3% | 40.9% | 45.8% | 46.1% | 45.3% | 40.9% |
| Operating Margin | 17.0% | 17.0% | 20.6% | 20.1% | 18.3% | 15.7% | 15.5% | 17.1% | 17.3% | 15.5% | 6.9% |
| Net Profit Margin | 10.3% | 10.3% | 15.6% | 12.8% | 12.7% | 10.6% | 10.6% | 11.8% | 13.0% | -3.6% | 3.4% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.4% | 10.4% | 15.8% | 17.2% | 18.8% | 13.7% | 17.4% | 16.9% | 17.2% | -4.4% | 4.2% |
| ROA | 6.1% | 6.1% | 11.3% | 9.7% | 9.5% | 6.7% | 9.7% | 12.7% | 13.1% | -3.2% | 2.8% |
| ROIC | 9.5% | 9.5% | 15.3% | 14.1% | 12.7% | 9.3% | 13.5% | 17.8% | 16.6% | 12.7% | 5.2% |
| ROCE | 11.1% | 11.1% | 16.8% | 17.1% | 15.3% | 11.2% | 16.4% | 21.5% | 20.2% | 15.5% | 6.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.87 | 0.87 | 0.06 | 0.37 | 0.59 | 0.67 | 0.67 | 0.11 | 0.12 | 0.09 | 0.27 |
| Debt / EBITDA | 5.10 | 5.10 | 0.31 | 1.19 | 1.82 | 2.42 | 2.42 | 0.36 | 0.42 | 0.37 | 2.03 |
| Net Debt / Equity | — | 0.84 | -0.14 | 0.33 | 0.55 | 0.64 | 0.64 | 0.04 | 0.02 | 0.05 | 0.18 |
| Net Debt / EBITDA | 4.91 | 4.91 | -0.70 | 1.07 | 1.72 | 2.30 | 2.30 | 0.13 | 0.06 | 0.19 | 1.39 |
| Debt / FCF | — | 6.78 | -1.03 | 1.43 | 2.79 | 5.78 | 5.38 | 0.18 | 0.09 | 0.33 | 1.69 |
| Interest Coverage | 8.22 | 8.22 | 670.58 | 12.67 | 10.53 | 17.74 | 40.67 | 44.12 | 43.84 | 21.75 | 12.77 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.60 | 2.60 | 4.03 | 2.86 | 2.99 | 2.56 | 2.56 | 2.54 | 3.08 | 2.84 | 3.88 |
| Quick Ratio | 1.23 | 1.23 | 2.70 | 1.56 | 1.49 | 1.28 | 1.28 | 1.63 | 2.03 | 1.89 | 2.54 |
| Cash Ratio | 0.15 | 0.15 | 1.53 | 0.19 | 0.17 | 0.14 | 0.14 | 0.31 | 0.54 | 0.26 | 0.66 |
| Asset Turnover | — | 0.47 | 0.64 | 0.76 | 0.73 | 0.63 | 0.63 | 1.05 | 0.99 | 0.96 | 0.82 |
| Inventory Turnover | 2.03 | 2.03 | 2.49 | 2.93 | 2.72 | 2.49 | 2.47 | 3.89 | 3.67 | 4.15 | 3.83 |
| Days Sales Outstanding | — | 72.01 | 65.55 | 66.58 | 59.76 | 71.55 | 71.55 | 70.83 | 68.94 | 70.92 | 66.77 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.4% | 0.3% | 0.3% | 0.5% | 0.5% | 0.4% | 0.8% | — | — | — |
| Payout Ratio | 16.1% | 16.1% | 10.7% | 11.6% | 10.9% | 14.2% | 12.2% | 17.8% | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.5% | 2.6% | 2.9% | 2.8% | 4.5% | 3.6% | 2.0% | 4.7% | 5.1% | — | 1.9% |
| FCF Yield | 3.0% | 3.0% | 3.2% | 4.0% | 5.0% | 2.9% | 2.8% | 5.9% | 5.9% | 5.3% | 5.1% |
| Buyback Yield | 3.0% | 3.0% | 0.6% | 0.4% | 1.8% | 1.0% | 0.5% | 2.9% | 5.2% | 0.3% | 0.2% |
| Total Shareholder Yield | 3.4% | 3.5% | 0.9% | 0.7% | 2.3% | 1.5% | 0.9% | 3.7% | 5.2% | 0.3% | 0.2% |
| Shares Outstanding | — | $17M | $16M | $16M | $16M | $16M | $15M | $15M | $16M | $16M | $16M |
M&A integration and execution
According to current market data, CSW trades at a 42.18x TTM P/E ratio, which suggests that investors are pricing in significant future earnings expansion that may be difficult to sustain given the recent volatility in free cash flow margins observed in the latest quarterly financial reports.
The forward P/E of 28.99 implies a market expectation of robust earnings growth, likely driven by the company's aggressive acquisition strategy. However, this valuation premium appears elevated compared to broader industrial machinery peers, warranting caution if organic growth fails to materialize as expected.
Based on reported figures, CSW's ROIC has compressed to 2.1% in 2026Q4 from a peak of 5.0% in 2025Q1, indicating that the rapid accumulation of goodwill and intangible assets through recent acquisitions is currently outpacing the company's ability to generate incremental returns on its invested capital base.
The downward trend in ROIC suggests that the company's capital allocation strategy is currently focused on scale rather than immediate efficiency. Investors should monitor whether these acquired assets can eventually achieve the high-margin profile characteristic of the core Contractor Solutions segment.
As reported in financial statements, the cash conversion cycle expanded to 169 days in 2026Q4, up from 136 days in 2025Q1, primarily driven by a significant increase in days inventory outstanding, which suggests potential inefficiencies in managing stock levels across the newly integrated business units.
The lengthening of the cash conversion cycle indicates that capital is increasingly tied up in inventory, which may be a byproduct of integrating disparate supply chains. This trend warrants further investigation to determine if it reflects structural inventory bloat or temporary disruptions from recent M&A activity.
According to recent SEC filings, the current ratio declined to 2.60 in 2026Q4 from 4.03 in 2025Q4, reflecting a rapid depletion of liquid assets as the company prioritized aggressive capital deployment for acquisitions over maintaining a conservative cash cushion for potential operational contingencies or market downturns.
While a current ratio of 2.60 remains technically adequate, the sharp decline suggests a reduced margin of safety for short-term obligations. The reliance on external financing to fund growth may leave the company more vulnerable to credit market volatility than in previous fiscal periods.
The P/E ratio is frequently misapplied to CSW because it fails to account for the significant non-cash amortization of intangible assets resulting from the company's aggressive acquisition strategy, which artificially depresses GAAP earnings and obscures the underlying cash-generative capacity of the core business model.
Analysts should instead prioritize EV/EBITDA or P/FCF to better evaluate the company's true operational performance. Relying solely on P/E may lead to an inaccurate assessment of the company's valuation, as it ignores the substantial impact of acquisition-related accounting on the bottom line.
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Quick answers to the most common questions about buying CSW stock.
CSW Industrials, Inc.'s current P/E ratio is 40.5x. The historical average is 26.0x. This places it at the 85th percentile of its historical range.
CSW Industrials, Inc.'s current EV/EBITDA is 29.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
CSW Industrials, Inc.'s return on equity (ROE) is 10.4%. The historical average is 12.8%.
Based on historical data, CSW Industrials, Inc. is trading at a P/E of 40.5x. This is at the 85th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CSW Industrials, Inc.'s current dividend yield is 0.40% with a payout ratio of 16.1%.
CSW Industrials, Inc. has 41.9% gross margin and 17.0% operating margin. Operating margin between 10-20% is typical for established companies.
CSW Industrials, Inc.'s Debt/EBITDA ratio is 5.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.