Latest Ratios: P/E Ratio -7.3x · EV/EBITDA 14.7x · ROE -16.9%. (2000–2025 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 | $177M | $49M | $83M | $235M | $220M | $264M | $268M | $196M | $174M | $320M | $165M |
| Enterprise Value | $288M | $160M | $223M | $371M | $368M | $452M | $398M | $350M | $267M | $435M | $268M |
| P/E Ratio → | -7.28 | — | — | 4.77 | — | 11.19 | — | 12.45 | 3.90 | — | 24.04 |
| P/S Ratio | 0.27 | 0.08 | 0.11 | 0.28 | 0.28 | 0.27 | 0.37 | 0.22 | 0.19 | 0.42 | 0.25 |
| P/B Ratio | 1.24 | 0.37 | 0.61 | 1.36 | 1.83 | 2.09 | 2.81 | 1.52 | 1.52 | 4.28 | 2.44 |
| P/FCF | 5.21 | 1.43 | — | 12.67 | 4.47 | — | 9.83 | 15.36 | 6.50 | — | 4.36 |
| P/OCF | 3.96 | 1.09 | — | 6.15 | 3.19 | — | 7.79 | 5.33 | 4.25 | 141.82 | 3.35 |
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 | — | 0.25 | 0.31 | 0.44 | 0.47 | 0.47 | 0.55 | 0.39 | 0.30 | 0.58 | 0.41 |
| EV / EBITDA | 14.75 | 8.19 | 13.39 | 6.45 | 8.55 | 6.64 | — | 6.23 | 3.25 | 9.29 | 6.41 |
| EV / EBIT | 59.94 | 33.27 | 24.69 | 9.12 | 15.07 | 9.04 | 64.83 | 9.17 | 4.19 | 13.94 | 9.12 |
| EV / FCF | — | 4.71 | — | 19.97 | 7.47 | — | 14.60 | 27.44 | 9.95 | — | 7.07 |
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 | 11.3% | 11.3% | 11.4% | 14.6% | 10.9% | 12.2% | 10.3% | 11.7% | 14.4% | 12.3% | 13.2% |
| Operating Margin | 0.7% | 0.7% | -0.1% | 4.8% | 3.2% | 5.1% | -3.2% | 4.5% | 7.4% | 4.2% | 3.8% |
| Net Profit Margin | -3.5% | -3.5% | -3.9% | 5.9% | -2.8% | 2.4% | -5.2% | 1.8% | 5.0% | -0.2% | 1.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -16.9% | -16.9% | -18.1% | 33.7% | -17.8% | 21.4% | -33.1% | 12.9% | 46.9% | -2.4% | 10.2% |
| ROA | -5.6% | -5.6% | -6.1% | 10.4% | -4.5% | 4.9% | -8.3% | 3.7% | 11.1% | -0.4% | 1.6% |
| ROIC | 1.4% | 1.4% | -0.2% | 10.4% | 6.4% | 13.8% | -6.8% | 12.4% | 25.2% | 13.1% | 10.0% |
| ROCE | 1.7% | 1.7% | -0.2% | 12.6% | 7.8% | 15.6% | -7.5% | 13.2% | 24.5% | 10.8% | 7.9% |
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 | 1.08 | 1.08 | 1.23 | 1.00 | 1.49 | 1.76 | 1.89 | 1.50 | 1.42 | 2.23 | 3.44 |
| Debt / EBITDA | 7.40 | 7.40 | 10.00 | 3.02 | 4.17 | 3.28 | — | 3.44 | 1.99 | 3.57 | 5.57 |
| Net Debt / Equity | — | 0.83 | 1.03 | 0.78 | 1.23 | 1.48 | 1.36 | 1.20 | 0.81 | 1.53 | 1.52 |
| Net Debt / EBITDA | 5.69 | 5.69 | 8.40 | 2.36 | 3.43 | 2.76 | — | 2.74 | 1.13 | 2.45 | 2.46 |
| Debt / FCF | — | 3.27 | — | 7.30 | 2.99 | — | 4.77 | 12.08 | 3.46 | — | 2.71 |
| Interest Coverage | 0.33 | 0.33 | 0.98 | 3.80 | 2.48 | 4.48 | 0.30 | 2.26 | 4.35 | 1.63 | 1.52 |
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 | 2.43 | 2.43 | 2.41 | 2.26 | 1.93 | 2.29 | 1.88 | 2.40 | 2.37 | 2.22 | 2.91 |
| Quick Ratio | 2.43 | 2.43 | 1.39 | 1.45 | 1.12 | 1.42 | 1.33 | 1.62 | 1.68 | 1.42 | 2.24 |
| Cash Ratio | 0.31 | 0.31 | 0.21 | 0.26 | 0.18 | 0.22 | 0.31 | 0.37 | 0.53 | 0.42 | 1.22 |
| Asset Turnover | — | 1.66 | 1.70 | 1.73 | 1.66 | 1.91 | 1.58 | 2.07 | 2.15 | 1.96 | 1.54 |
| Inventory Turnover | — | — | 5.00 | 6.09 | 4.89 | 6.04 | 7.05 | 9.61 | 8.32 | 6.69 | 8.09 |
| Days Sales Outstanding | — | 48.51 | 59.89 | 56.51 | 71.19 | 65.55 | 76.85 | 46.61 | 54.74 | 52.48 | 53.91 |
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 | — | — | — | 21.0% | — | 8.9% | — | 8.0% | 25.6% | — | 4.2% |
| FCF Yield | 19.2% | 69.8% | — | 7.9% | 22.4% | — | 10.2% | 6.5% | 15.4% | — | 23.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 0.5% | 0.0% | 0.0% | 0.6% | 0.4% | 0.4% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 0.5% | 0.0% | 0.0% | 0.6% | 0.4% | 0.4% |
| Shares Outstanding | — | $34M | $33M | $34M | $32M | $33M | $31M | $31M | $31M | $30M | $30M |
Cyclical Demand Sensitivity
Based on current market data, CVGI trades at a P/S of 0.25x and a negative TTM P/E, suggesting that investors are heavily discounting the company's future earnings potential due to the persistent revenue contraction and the inherent volatility of its North American Class 8 truck market exposure.
The current EV/EBITDA multiple of 14.06x appears elevated relative to the company's lack of consistent profitability, indicating that the market may be pricing in a recovery that has yet to materialize in the income statement. Investors should monitor whether the forward EV/EBITDA of 8.08x represents a realistic expectation for margin expansion or merely an optimistic projection that fails to account for structural pricing pressures from OEMs.
As reported in recent financial statements, CVGI's ROIC has struggled to maintain positive territory, fluctuating between -1.4% and 5.0% over the last ten quarters, which indicates that the company is currently failing to generate returns that exceed its cost of capital during this cyclical downturn.
The erratic nature of these returns suggests that the company's asset base is not being utilized effectively to drive value, likely due to the high fixed-cost burden of its manufacturing footprint. The inability to sustain a positive ROIC warrants further investigation into whether the current segment mix, particularly the warehouse automation business, is diluting the overall return profile of the firm.
According to historical quarterly data, CVGI's cash conversion cycle has remained elevated, often exceeding 80 days, which reflects significant inefficiencies in managing inventory and receivables relative to the company's supplier payment terms in a cooling demand environment for commercial vehicle components.
The fluctuation in days sales outstanding and days inventory outstanding suggests that the company lacks the leverage to optimize its working capital cycle against its larger OEM customers. This inefficiency forces the company to tie up precious liquidity in inventory, which may become a liability if the current 10.28% revenue decline persists and necessitates further inventory write-downs.
The P/E ratio is frequently misapplied to CVGI, as the company's earnings are currently distorted by non-recurring charges and cyclical margin compression, rendering the metric an unreliable indicator of the firm's true underlying earning power or its long-term value proposition within the industrial supply chain.
Analysts should instead focus on EV/Sales or normalized EBITDA multiples to better capture the company's operational scale and cyclicality without the noise of accounting-driven net income volatility. Relying on P/E in this context obscures the reality that the company's current losses are a function of fixed-cost absorption issues rather than a fundamental failure of its core product offerings.
Includes 30+ ratios · 25 years · Updated daily
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Quick answers to the most common questions about buying CVGI stock.
Commercial Vehicle Group, Inc.'s current P/E ratio is -7.3x. The historical average is 16.5x.
Commercial Vehicle Group, Inc.'s current EV/EBITDA is 14.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
Commercial Vehicle Group, Inc.'s return on equity (ROE) is -16.9%. The historical average is 14.4%.
Based on historical data, Commercial Vehicle Group, Inc. is trading at a P/E of -7.3x. Compare with industry peers and growth rates for a complete picture.
Commercial Vehicle Group, Inc. has 11.3% gross margin and 0.7% operating margin.
Commercial Vehicle Group, Inc.'s Debt/EBITDA ratio is 7.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.