Latest Ratios: P/E Ratio 32.9x · EV/EBITDA 8.0x · ROE 9.3%. (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 | $2.9B | $2.5B | $1.6B | $1.9B | — | — | — | — | — | — | — |
| Enterprise Value | $3.7B | $3.3B | $2.4B | $2.7B | — | — | — | — | — | — | — |
| P/E Ratio → | 32.90 | 26.73 | — | 1.35 | — | — | — | — | — | — | — |
| P/S Ratio | 0.76 | 0.66 | 0.43 | 0.50 | — | — | — | — | — | — | — |
| P/B Ratio | 2.81 | 2.29 | 1.72 | 1.73 | — | — | — | — | — | — | — |
| P/FCF | 11.05 | 9.59 | 12.28 | — | — | — | — | — | — | — | — |
| P/OCF | 9.67 | 8.40 | 10.85 | — | — | — | — | — | — | — | — |
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 | — | 0.87 | 0.63 | 0.71 | — | — | — | — | — | — | — |
| EV / EBITDA | 8.00 | 7.17 | 7.54 | 12.52 | — | — | — | — | — | — | — |
| EV / EBIT | 11.04 | 9.90 | 11.69 | 17.97 | — | — | — | — | — | — | — |
| EV / FCF | — | 12.58 | 17.98 | — | — | — | — | — | — | — | — |
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 | 26.4% | 26.4% | 24.5% | 23.3% | 21.9% | 26.7% | 26.5% | 24.4% | 19.5% | 22.3% | 22.5% |
| Operating Margin | 8.8% | 8.8% | 4.9% | 2.3% | -6.1% | 3.5% | 0.6% | 5.3% | -7.9% | 2.9% | 1.8% |
| Net Profit Margin | 2.5% | 2.5% | -0.4% | 36.6% | -16.8% | -2.0% | -6.9% | -7.7% | -12.4% | -5.2% | -5.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.3% | 9.3% | -1.6% | 127.5% | — | — | — | — | -120.3% | -23.6% | -23.7% |
| ROA | 2.6% | 2.6% | -0.4% | 38.1% | -17.7% | -2.2% | -7.2% | -8.4% | -11.9% | -4.6% | -4.7% |
| ROIC | 14.0% | 14.0% | 7.6% | 4.4% | -14.0% | 8.0% | 1.2% | 10.4% | -13.1% | 4.5% | 3.1% |
| ROCE | 14.1% | 14.1% | 7.3% | 4.1% | -13.2% | 7.3% | 1.1% | 9.5% | -11.8% | 3.9% | 2.6% |
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 | 1.06 | 1.06 | 1.12 | 1.26 | — | — | — | — | — | 1.90 | 1.68 |
| Debt / EBITDA | 2.54 | 2.54 | 3.33 | 6.36 | — | 8.56 | 12.21 | 5.01 | — | 4.78 | 9.21 |
| Net Debt / Equity | — | 0.71 | 0.80 | 0.75 | — | — | — | — | — | 1.35 | 1.07 |
| Net Debt / EBITDA | 1.70 | 1.70 | 2.39 | 3.78 | — | 7.20 | 10.62 | 4.40 | — | 3.38 | 5.87 |
| Debt / FCF | — | 2.99 | 5.70 | — | — | 28.63 | — | 21.85 | — | — | — |
| Interest Coverage | 3.90 | 3.90 | 1.30 | 0.60 | -1.20 | 0.74 | -0.01 | -0.16 | -2.09 | -0.67 | -1.40 |
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 | 1.30 | 1.30 | 1.32 | 1.52 | 1.10 | 1.08 | 1.13 | 1.18 | 1.40 | 1.38 | 1.44 |
| Quick Ratio | 0.92 | 0.92 | 0.90 | 1.10 | 0.74 | 0.77 | 0.82 | 0.89 | 1.02 | 0.98 | 1.03 |
| Cash Ratio | 0.30 | 0.30 | 0.25 | 0.40 | 0.21 | 0.24 | 0.22 | 0.18 | 0.25 | 0.35 | 0.39 |
| Asset Turnover | — | 0.99 | 1.06 | 0.90 | 1.13 | 1.11 | 1.07 | 1.16 | 1.06 | 0.88 | 0.63 |
| Inventory Turnover | 5.38 | 5.38 | 5.36 | 4.89 | 4.60 | 5.26 | 5.76 | 7.14 | 6.04 | 5.01 | 3.48 |
| Days Sales Outstanding | — | 58.45 | 57.26 | 70.06 | 64.57 | 55.63 | 60.51 | 51.28 | 58.77 | 65.56 | 101.38 |
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 | 3.0% | 3.7% | — | 73.9% | — | — | — | — | — | — | — |
| FCF Yield | 9.1% | 10.4% | 8.1% | — | — | — | — | — | — | — | — |
| Buyback Yield | 4.5% | 5.2% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.5% | 5.2% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $37M | $38M | $64M | $79M | $78M | $78M | $77M | $76M | $76M | $69M |
High fixed cost sensitivity
Based on current market data, Diebold Nixdorf trades at a forward P/E of 15.48, which appears to reflect a significant discount compared to broader technology peers, likely pricing in the lingering uncertainty surrounding the company's post-bankruptcy operational stability and its ability to sustain long-term earnings growth.
The valuation gap between the TTM P/E of 33.46 and the forward multiple suggests that the market is baking in a substantial recovery in profitability that has yet to be fully realized. Investors should monitor whether this multiple expansion is supported by genuine margin improvement or merely a reflection of depressed earnings expectations following the recent restructuring.
According to recent financial disclosures, Diebold Nixdorf's ROIC has struggled to gain momentum, hovering at a modest 1.4% in 2026Q1, which indicates that the company is currently failing to generate returns that meaningfully exceed its cost of capital following its emergence from Chapter 11 proceedings.
The persistent low ROIC suggests that the company's massive asset base, heavily weighted toward goodwill and legacy hardware infrastructure, is not being utilized efficiently to drive shareholder value. This trend warrants further investigation into whether the current management team can optimize the capital-intensive service network to improve returns on invested capital over the coming fiscal years.
As reported in quarterly filings, Diebold Nixdorf's cash conversion cycle remains erratic, peaking at 86 days in 2024Q3 before settling at 72 days in 2026Q1, which highlights the inherent difficulty in managing inventory and receivables within a complex, global service-oriented business model prone to lumpy hardware deployments.
The fluctuation in the CCC suggests that the company lacks tight control over its working capital, leaving it vulnerable to liquidity crunches during periods of slower hardware sales. Investors should monitor the DSO and DIO trends closely, as any sustained increase in these metrics would likely signal a deterioration in customer payment terms or an accumulation of obsolete inventory.
Based on reported figures, Diebold Nixdorf maintains a D/E ratio of 0.92 as of 2026Q1, which, while improved from pre-bankruptcy levels, continues to represent a significant structural constraint that limits the company's ability to invest in R&D or pursue growth initiatives without risking further financial instability.
The interest coverage ratio of 1.40 in 2026Q1 is particularly concerning, as it suggests that even minor operational setbacks could jeopardize the company's ability to service its debt obligations comfortably. This leverage profile necessitates a cautious outlook, as the company remains highly sensitive to interest rate fluctuations and potential refinancing risks in the medium term.
The P/E ratio is frequently misapplied to Diebold Nixdorf, as it fails to account for the significant non-recurring charges and fresh-start accounting adjustments that have historically distorted the company's reported net income, making it a poor indicator of the firm's underlying cash-generating capability.
Analysts should instead prioritize EV/EBITDA or P/FCF to better assess the company's operational performance, as these metrics are less susceptible to the accounting noise inherent in a post-restructuring entity. Relying on P/E in this context may lead to a fundamental misunderstanding of the company's valuation, as it ignores the heavy depreciation and amortization associated with its legacy hardware assets.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying DBD stock.
Diebold Nixdorf, Incorporated's current P/E ratio is 32.9x. The historical average is 14.0x. This places it at the 100th percentile of its historical range.
Diebold Nixdorf, Incorporated's current EV/EBITDA is 8.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.1x.
Diebold Nixdorf, Incorporated's return on equity (ROE) is 9.3%. The historical average is 6.2%.
Based on historical data, Diebold Nixdorf, Incorporated is trading at a P/E of 32.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Diebold Nixdorf, Incorporated has 26.4% gross margin and 8.8% operating margin.
Diebold Nixdorf, Incorporated's Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.