Latest Ratios: P/E Ratio 40.8x · EV/EBITDA 11.1x · ROE 6.8%. (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 | $3.3B | $3.3B | $1.7B | $2.1B | $2.2B | $3.3B | $2.8B | $2.6B | $2.0B | $4.7B | $2.8B |
| Enterprise Value | $6.3B | $6.3B | $4.1B | $4.6B | $4.5B | $5.7B | $4.9B | $4.7B | $3.3B | $5.9B | $3.7B |
| P/E Ratio → | 40.83 | 37.13 | — | 56.19 | — | 16.90 | — | 11.67 | 4.68 | 45.08 | 4.35 |
| P/S Ratio | 0.43 | 0.44 | 0.16 | 0.20 | 0.21 | 0.37 | 0.40 | 0.31 | 0.25 | 0.65 | 0.48 |
| P/B Ratio | 3.95 | 3.59 | 1.06 | 1.16 | 1.21 | 1.54 | 1.40 | 1.24 | 1.29 | 4.05 | 2.24 |
| P/FCF | 10.94 | 11.10 | 12.16 | — | 10.40 | — | 47.01 | 12.52 | 8.22 | 29.21 | 44.94 |
| P/OCF | 6.37 | 6.46 | 3.73 | 4.44 | 3.35 | 21.12 | 7.31 | 4.15 | 3.52 | 8.49 | 7.26 |
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 | — | 0.85 | 0.40 | 0.43 | 0.44 | 0.64 | 0.69 | 0.54 | 0.40 | 0.82 | 0.64 |
| EV / EBITDA | 11.06 | 11.14 | 10.35 | 11.86 | 13.62 | 12.50 | 15.90 | 6.88 | 4.95 | 10.20 | 8.83 |
| EV / EBIT | 29.59 | 35.08 | 12.76 | 14.04 | 18.09 | 16.25 | 27.76 | 7.80 | 5.15 | 10.65 | 8.71 |
| EV / FCF | — | 21.31 | 29.69 | — | 21.38 | — | 81.88 | 22.20 | 13.46 | 36.64 | 60.38 |
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 | 8.0% | 8.0% | 8.5% | 8.5% | 7.5% | 9.4% | 8.7% | 13.1% | 14.2% | 14.7% | 14.5% |
| Operating Margin | 2.8% | 2.8% | -0.3% | -0.3% | -0.6% | 0.8% | -0.8% | 4.0% | 4.8% | 4.8% | 4.2% |
| Net Profit Margin | 1.1% | 1.1% | -0.6% | 0.4% | -2.4% | 2.2% | -0.4% | 2.6% | 5.2% | 1.5% | 11.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.8% | 6.8% | -3.3% | 2.1% | -12.2% | 9.4% | -1.5% | 12.3% | 31.6% | 9.2% | 61.7% |
| ROA | 1.1% | 1.1% | -0.7% | 0.5% | -3.2% | 2.6% | -0.4% | 3.4% | 7.4% | 2.1% | 13.9% |
| ROIC | 4.0% | 4.0% | -0.5% | -0.6% | -1.0% | 1.2% | -1.0% | 7.3% | 11.3% | 11.4% | 9.5% |
| ROCE | 4.5% | 4.5% | -0.5% | -0.6% | -1.2% | 1.3% | -1.0% | 7.2% | 9.6% | 9.1% | 7.1% |
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 | 3.82 | 3.82 | 1.84 | 1.63 | 1.51 | 1.23 | 1.32 | 1.20 | 1.16 | 1.55 | 1.34 |
| Debt / EBITDA | 6.17 | 6.17 | 7.36 | 7.74 | 8.30 | 5.81 | 8.58 | 3.75 | 2.70 | 3.11 | 3.92 |
| Net Debt / Equity | — | 3.31 | 1.53 | 1.34 | 1.28 | 1.10 | 1.04 | 0.96 | 0.83 | 1.03 | 0.77 |
| Net Debt / EBITDA | 5.34 | 5.34 | 6.11 | 6.37 | 7.00 | 5.23 | 6.77 | 3.00 | 1.93 | 2.07 | 2.26 |
| Debt / FCF | — | 10.21 | 17.53 | — | 10.99 | — | 34.87 | 9.69 | 5.24 | 7.43 | 15.44 |
| Interest Coverage | 1.00 | 1.00 | 1.99 | 2.11 | 1.93 | 2.69 | 1.28 | 4.93 | 6.61 | 5.43 | 3.81 |
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 | 1.17 | 1.17 | 1.45 | 1.58 | 1.54 | 1.65 | 1.69 | 1.71 | 1.66 | 1.69 | 1.82 |
| Quick Ratio | 0.86 | 0.86 | 0.84 | 0.93 | 0.90 | 0.93 | 1.10 | 1.07 | 1.07 | 1.12 | 1.31 |
| Cash Ratio | 0.14 | 0.14 | 0.19 | 0.20 | 0.17 | 0.13 | 0.30 | 0.29 | 0.30 | 0.38 | 0.59 |
| Asset Turnover | — | 0.96 | 1.37 | 1.33 | 1.36 | 1.17 | 0.96 | 1.19 | 1.38 | 1.28 | 1.20 |
| Inventory Turnover | 6.80 | 6.80 | 6.08 | 5.76 | 5.84 | 5.18 | 5.64 | 6.28 | 6.78 | 6.34 | 7.81 |
| Days Sales Outstanding | — | 60.69 | 51.68 | 57.09 | 56.64 | 62.88 | 73.55 | 55.26 | 55.72 | 59.04 | 52.06 |
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 | 1.5% | 1.6% | 3.5% | 2.7% | 2.7% | 1.7% | 0.5% | 2.2% | 2.9% | 0.7% | 1.3% |
| Payout Ratio | 63.5% | 63.5% | — | 152.6% | — | 29.4% | — | 25.7% | 13.6% | 31.5% | 5.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.4% | 2.7% | — | 1.8% | — | 5.9% | — | 8.6% | 21.3% | 2.2% | 23.0% |
| FCF Yield | 9.1% | 9.0% | 8.2% | — | 9.6% | — | 2.1% | 8.0% | 12.2% | 3.4% | 2.2% |
| Buyback Yield | 19.9% | 19.7% | 0.0% | 0.0% | 1.2% | 0.7% | 0.0% | 0.9% | 1.3% | 0.0% | 2.9% |
| Total Shareholder Yield | 21.4% | 21.3% | 3.5% | 2.7% | 3.8% | 2.4% | 0.5% | 3.1% | 4.2% | 0.7% | 4.2% |
| Shares Outstanding | — | $139M | $145M | $145M | $144M | $146M | $145M | $145M | $147M | $147M | $147M |
High leverage amid cyclicality
According to recent market data, Dana trades at a P/S ratio of 0.47, which, when compared to peers like BorgWarner, suggests investors are heavily discounting the company's future earnings potential due to the significant risks associated with its current high-leverage and low-margin operational profile.
The forward P/E of 11.70 implies a market expectation of earnings stabilization, yet this appears optimistic given the persistent revenue contraction. Investors should monitor whether the current valuation adequately prices in the risk of further margin compression or if the stock is being unfairly penalized as a legacy ICE supplier.
Based on reported financial statements, Dana's ROIC has struggled to remain positive, reaching only 1.3% in 2026Q1, which highlights a significant inability to generate returns above the cost of capital compared to more efficient peers like Allison Transmission that consistently deliver double-digit returns.
The decay in ROIC suggests that heavy investments in electrification and software have yet to yield the expected operational efficiencies. This trend warrants further investigation into whether the company's capital allocation strategy is effectively creating shareholder value or merely sustaining a capital-intensive, low-margin manufacturing base.
As reported in recent quarterly filings, Dana's cash conversion cycle has shown significant instability, with a 2026Q1 figure of 57 days, reflecting the ongoing difficulty in balancing inventory levels against fluctuating demand from major automotive and industrial customers in a highly cyclical market environment.
The volatility in DSO and DIO suggests that the company lacks the leverage to dictate terms to its supply chain or customers, leading to inefficient working capital usage. This inefficiency appears to be a primary driver of the company's erratic free cash flow generation and liquidity pressure.
According to recent SEC filings, Dana's debt-to-equity ratio has reached a concerning 3.82, which, when viewed alongside a thin net margin of 1.13%, suggests that the company's ability to service its debt obligations is increasingly vulnerable to any further downturn in global vehicle production.
The high leverage ratio indicates that the company has limited room for error in a higher-for-longer interest rate environment. Investors should monitor the interest coverage ratio, which has shown signs of deterioration, as it may signal an increased risk of covenant breaches or future refinancing challenges.
Based on the provided data, the P/E ratio is the most commonly misapplied metric for Dana, as it obscures the company's true earning power by failing to account for the significant non-recurring restructuring charges and the high interest burden inherent in its current capital structure.
Analysts should instead focus on EV/EBITDA or P/FCF to better understand the company's operational cash generation before the impact of its heavy debt load. Relying on P/E in this context may lead to a distorted view of the company's valuation, as it ignores the structural leverage risks.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying DAN stock.
Dana Incorporated's current P/E ratio is 40.8x. The historical average is 20.4x. This places it at the 82th percentile of its historical range.
Dana Incorporated's current EV/EBITDA is 11.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
Dana Incorporated's return on equity (ROE) is 6.8%. The historical average is 5.8%.
Based on historical data, Dana Incorporated is trading at a P/E of 40.8x. This is at the 82th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Dana Incorporated's current dividend yield is 1.48% with a payout ratio of 63.5%.
Dana Incorporated has 8.0% gross margin and 2.8% operating margin.
Dana Incorporated's Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.