Latest Ratios: P/E Ratio 21.0x · EV/EBITDA 11.5x · ROE 14.7%. (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 | $4.2B | $3.8B | $4.0B | $2.6B | $2.6B | $3.6B | $2.8B | $2.5B | $3.0B | $2.1B | $2.5B |
| Enterprise Value | $4.8B | $4.4B | $4.5B | $3.3B | $3.4B | $3.9B | $2.7B | $2.4B | $2.9B | $2.0B | $2.4B |
| P/E Ratio → | 21.03 | 18.55 | 21.10 | 20.34 | 21.01 | 27.43 | 26.31 | 29.58 | 22.39 | 19.53 | 23.80 |
| P/S Ratio | 1.96 | 1.78 | 2.00 | 1.36 | 1.47 | 2.68 | 2.57 | 2.50 | 3.07 | 2.31 | 2.94 |
| P/B Ratio | 2.91 | 2.57 | 3.10 | 2.25 | 2.45 | 3.87 | 3.29 | 3.20 | 4.11 | 3.28 | 4.20 |
| P/FCF | 55.15 | 50.07 | 20.93 | 15.96 | 670.40 | 44.87 | 20.59 | 37.65 | 57.48 | 29.83 | 24.91 |
| P/OCF | 36.72 | 33.34 | 17.36 | 12.60 | 61.19 | 36.00 | 18.50 | 25.97 | 38.27 | 22.09 | 20.80 |
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 | — | 2.05 | 2.25 | 1.70 | 1.93 | 2.87 | 2.46 | 2.46 | 3.03 | 2.23 | 2.77 |
| EV / EBITDA | 11.50 | 10.58 | 12.95 | 12.16 | 15.54 | 18.65 | 16.25 | 18.54 | 14.76 | 10.13 | 12.69 |
| EV / EBIT | 13.30 | 14.38 | 15.29 | 15.13 | 19.52 | 22.42 | 19.75 | 23.03 | 17.21 | 11.41 | 14.11 |
| EV / FCF | — | 57.79 | 23.62 | 19.89 | 881.29 | 47.89 | 19.72 | 37.14 | 56.64 | 28.80 | 23.44 |
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 | 41.1% | 41.1% | 40.1% | 35.5% | 32.6% | 34.4% | 35.1% | 34.3% | 38.3% | 39.7% | 39.3% |
| Operating Margin | 16.8% | 16.8% | 14.6% | 11.1% | 9.9% | 12.8% | 12.2% | 10.7% | 17.6% | 19.5% | 19.6% |
| Net Profit Margin | 9.6% | 9.6% | 9.5% | 6.7% | 7.0% | 9.8% | 9.8% | 8.4% | 13.7% | 11.8% | 12.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.7% | 14.7% | 15.4% | 11.7% | 12.3% | 14.7% | 13.1% | 11.2% | 19.6% | 17.2% | 18.9% |
| ROA | 8.3% | 8.3% | 8.1% | 5.6% | 6.1% | 9.1% | 9.5% | 8.7% | 16.1% | 14.4% | 15.9% |
| ROIC | 13.9% | 13.9% | 12.1% | 8.8% | 8.5% | 13.5% | 13.6% | 11.1% | 20.6% | 26.0% | 28.4% |
| ROCE | 18.5% | 18.5% | 16.2% | 12.6% | 12.8% | 18.0% | 15.5% | 13.5% | 24.4% | 27.9% | 29.8% |
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 | 0.43 | 0.43 | 0.44 | 0.59 | 0.81 | 0.32 | 0.04 | 0.05 | — | — | — |
| Debt / EBITDA | 1.53 | 1.53 | 1.64 | 2.54 | 3.93 | 1.46 | 0.22 | 0.27 | — | — | — |
| Net Debt / Equity | — | 0.40 | 0.40 | 0.55 | 0.77 | 0.26 | -0.14 | -0.04 | -0.06 | -0.11 | -0.25 |
| Net Debt / EBITDA | 1.41 | 1.41 | 1.47 | 2.40 | 3.72 | 1.18 | -0.72 | -0.25 | -0.22 | -0.36 | -0.80 |
| Debt / FCF | — | 7.71 | 2.69 | 3.93 | 210.89 | 3.02 | -0.87 | -0.51 | -0.84 | -1.03 | -1.47 |
| Interest Coverage | 10.64 | 10.64 | 7.45 | 4.51 | 11.02 | 79.52 | — | — | — | — | 699.59 |
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 | 3.09 | 3.09 | 2.43 | 2.25 | 1.87 | 1.62 | 2.86 | 3.42 | 4.40 | 4.81 | 5.31 |
| Quick Ratio | 1.14 | 1.14 | 1.17 | 1.09 | 0.76 | 0.82 | 1.93 | 2.15 | 2.52 | 2.89 | 3.69 |
| Cash Ratio | 0.10 | 0.10 | 0.10 | 0.07 | 0.07 | 0.09 | 0.48 | 0.31 | 0.30 | 0.65 | 1.44 |
| Asset Turnover | — | 0.85 | 0.83 | 0.84 | 0.74 | 0.80 | 0.90 | 0.95 | 1.09 | 1.18 | 1.21 |
| Inventory Turnover | 1.31 | 1.31 | 1.70 | 1.95 | 1.55 | 1.66 | 2.38 | 2.32 | 2.22 | 2.57 | 3.09 |
| Days Sales Outstanding | — | 82.11 | 104.24 | 99.65 | 89.98 | 128.27 | 153.94 | 144.26 | 150.19 | 97.75 | 97.88 |
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 | 4.8% | 5.4% | 4.7% | 4.9% | 4.8% | 3.6% | 3.8% | 3.4% | 4.5% | 5.1% | 4.2% |
| FCF Yield | 1.8% | 2.0% | 4.8% | 6.3% | 0.1% | 2.2% | 4.9% | 2.7% | 1.7% | 3.4% | 4.0% |
| Buyback Yield | 1.0% | 1.1% | 2.0% | 0.6% | 0.8% | 1.7% | 1.4% | 1.7% | 1.5% | 3.7% | 1.0% |
| Total Shareholder Yield | 1.0% | 1.1% | 2.0% | 0.6% | 0.8% | 1.7% | 1.4% | 1.7% | 1.5% | 3.7% | 1.0% |
| Shares Outstanding | — | $31M | $31M | $32M | $32M | $32M | $32M | $33M | $33M | $34M | $35M |
Inventory and tariff exposure
Based on current market data, Dorman's forward P/E of 16.27 suggests investors are pricing in moderate growth, though the P/FCF of 53.19 indicates that the market is paying a significant premium for cash flow that has historically proven to be volatile and inconsistent across recent reporting periods.
The valuation multiples appear to reflect a transition from a high-growth innovator to a more mature, cyclical player. Investors should monitor whether the current forward P/E multiple is sustainable if the company fails to demonstrate consistent margin expansion in the coming quarters.
According to the provided financial data, Dorman's ROIC has struggled to maintain momentum, hovering near 2.2% in 2026Q1, which suggests that recent capital allocation into acquisitions and inventory expansion has yet to yield the expected returns on invested capital compared to historical performance levels.
The compression in ROIC indicates that the company's asset base is growing faster than its ability to generate incremental returns. This trend warrants further investigation into whether the recent acquisitions are effectively integrating or if they are diluting the overall efficiency of the core business model.
As reported in the quarterly filings, Dorman's cash conversion cycle has ballooned to 279 days in 2026Q1, driven primarily by a significant increase in days inventory outstanding, which suggests that the company is struggling to align its massive SKU catalog with current retail sell-through rates.
The extended CCC highlights a structural inefficiency in managing inventory levels, which ties up significant capital and increases the risk of obsolescence. Investors should monitor whether management can optimize these working capital metrics without sacrificing the breadth of their product offering.
Based on a comparison with peers like SMP and LKQ, Dorman's current net margin of 8.2% appears to be in a stabilization phase, yet it remains structurally distinct due to its reliance on proprietary engineering rather than the pure distribution or salvage models of its competitors.
While Dorman leads in engineering-driven product differentiation, the peer comparison reveals that its margin profile is more sensitive to supply chain volatility than pure-play distributors. The gap between Dorman and higher-margin peers like Allison Transmission suggests that Dorman's business model requires higher capital intensity to maintain its competitive moat.
The P/E ratio is frequently misapplied to Dorman because it fails to account for the lumpy nature of inventory-related working capital adjustments, which often distort net income and obscure the underlying cash-generating power of the company's proprietary 'OE Fix' engineering strategy and its long-term aftermarket dominance.
Analysts should prioritize EV/EBITDA or free cash flow metrics over P/E to better capture the operational reality of the business. Relying on P/E may lead to an inaccurate assessment of value, as it ignores the significant non-cash charges and working capital swings inherent in managing a 100,000+ SKU catalog.
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 DORM stock.
Dorman Products, Inc.'s current P/E ratio is 21.0x. The historical average is 16.9x. This places it at the 72th percentile of its historical range.
Dorman Products, Inc.'s current EV/EBITDA is 11.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
Dorman Products, Inc.'s return on equity (ROE) is 14.7%. The historical average is 13.7%.
Based on historical data, Dorman Products, Inc. is trading at a P/E of 21.0x. This is at the 72th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Dorman Products, Inc. has 41.1% gross margin and 16.8% operating margin. Operating margin between 10-20% is typical for established companies.
Dorman Products, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.