Latest Ratios: P/E Ratio 149.7x · EV/EBITDA 11.9x · ROE 1.3%. (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 | $1.2B | $1.3B | $1.6B | $1.4B | $647M | $561M | $475M | $233M | $147M | $114M | $105M |
| Enterprise Value | $2.0B | $2.0B | $2.4B | $2.0B | $1.1B | $795M | $457M | $243M | $152M | $130M | $103M |
| P/E Ratio → | 149.67 | 152.17 | — | — | 87.76 | — | 31.43 | 66.79 | 23.58 | 3.83 | — |
| P/S Ratio | 0.63 | 0.65 | 0.90 | 0.90 | 0.56 | 1.08 | 1.35 | 0.63 | 0.42 | 0.37 | 0.38 |
| P/B Ratio | 1.96 | 1.99 | 2.54 | 2.14 | 1.15 | 3.38 | 3.88 | 2.16 | 1.49 | 1.22 | 1.72 |
| P/FCF | 28.70 | 29.80 | 48.82 | 18.25 | — | — | 15.41 | 32.54 | 8.29 | 19.56 | 19.65 |
| P/OCF | 14.84 | 15.41 | 28.76 | 13.84 | — | 54.37 | 14.61 | 25.36 | 7.26 | 16.09 | 12.42 |
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 | — | 1.03 | 1.32 | 1.26 | 0.95 | 1.53 | 1.30 | 0.66 | 0.43 | 0.43 | 0.37 |
| EV / EBITDA | 11.88 | 12.16 | 18.33 | 19.06 | 12.58 | 26.40 | 16.77 | 16.27 | 9.43 | 7.80 | 15.60 |
| EV / EBIT | 22.83 | 23.37 | 43.74 | 23.93 | 29.38 | 66.24 | 21.32 | 23.68 | 19.25 | 12.16 | — |
| EV / FCF | — | 47.27 | 71.81 | 25.53 | — | — | 14.82 | 33.95 | 8.53 | 22.41 | 19.27 |
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 | 31.1% | 31.1% | 34.0% | 35.4% | 33.9% | 25.0% | 53.1% | 53.2% | 54.2% | 59.8% | 60.8% |
| Operating Margin | 4.4% | 4.4% | 3.1% | 2.7% | 3.6% | 2.2% | 5.8% | 2.4% | 2.6% | 3.2% | -0.5% |
| Net Profit Margin | 0.4% | 0.4% | -0.4% | -0.6% | 0.6% | -1.0% | 4.3% | 1.9% | 1.8% | 9.7% | -0.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.3% | 1.3% | -1.1% | -1.5% | 2.0% | -3.5% | 13.1% | 7.0% | 6.5% | 38.4% | -2.7% |
| ROA | 0.5% | 0.5% | -0.4% | -0.6% | 0.9% | -1.4% | 6.6% | 3.6% | 3.2% | 18.2% | -1.2% |
| ROIC | 4.7% | 4.7% | 3.2% | 2.9% | 4.4% | 3.4% | 13.9% | 6.1% | 6.5% | 8.8% | -1.8% |
| ROCE | 6.0% | 6.0% | 4.0% | 3.7% | 6.3% | 5.3% | 13.4% | 6.5% | 7.0% | 8.8% | -1.5% |
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 | 1.26 | 1.26 | 1.30 | 0.98 | 0.84 | 1.50 | 0.08 | 0.14 | 0.16 | 0.22 | 0.14 |
| Debt / EBITDA | 4.86 | 4.86 | 6.38 | 6.24 | 5.43 | 8.25 | 0.38 | 1.04 | 1.00 | 1.25 | 1.27 |
| Net Debt / Equity | — | 1.17 | 1.19 | 0.85 | 0.79 | 1.41 | -0.15 | 0.09 | 0.04 | 0.18 | -0.03 |
| Net Debt / EBITDA | 4.49 | 4.49 | 5.87 | 5.44 | 5.14 | 7.76 | -0.66 | 0.68 | 0.26 | 0.99 | -0.31 |
| Debt / FCF | — | 17.47 | 22.99 | 7.28 | — | — | -0.59 | 1.41 | 0.23 | 2.85 | -0.38 |
| Interest Coverage | 1.58 | 1.58 | 0.99 | 1.94 | 1.53 | 0.72 | 32.78 | 17.04 | 7.80 | 17.23 | -2.09 |
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 | 2.56 | 2.56 | 2.67 | 2.72 | 2.82 | 1.10 | 1.46 | 1.87 | 1.61 | 1.64 | 2.23 |
| Quick Ratio | 1.35 | 1.35 | 1.37 | 1.41 | 1.26 | 0.48 | 0.83 | 0.89 | 0.82 | 0.79 | 1.15 |
| Cash Ratio | 0.21 | 0.21 | 0.25 | 0.35 | 0.14 | 0.07 | 0.29 | 0.10 | 0.18 | 0.07 | 0.26 |
| Asset Turnover | — | 1.13 | 1.04 | 1.01 | 0.95 | 1.06 | 1.37 | 1.81 | 1.77 | 1.60 | 2.04 |
| Inventory Turnover | 3.86 | 3.86 | 3.42 | 3.21 | 2.88 | 2.94 | 2.67 | 3.10 | 3.03 | 2.41 | 2.55 |
| Days Sales Outstanding | — | 50.02 | 50.72 | 49.61 | 52.72 | 56.53 | 53.78 | 43.53 | 43.15 | 50.47 | 44.85 |
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 | 0.7% | 0.7% | — | — | 1.1% | — | 3.2% | 1.5% | 4.2% | 26.1% | — |
| FCF Yield | 3.5% | 3.4% | 2.0% | 5.5% | — | — | 6.5% | 3.1% | 12.1% | 5.1% | 5.1% |
| Buyback Yield | 2.0% | 1.9% | 0.2% | 0.3% | 0.4% | 0.0% | 0.7% | 1.9% | 0.4% | 0.0% | 0.2% |
| Total Shareholder Yield | 2.0% | 1.9% | 0.2% | 0.3% | 0.4% | 0.0% | 0.7% | 1.9% | 0.4% | 0.0% | 0.2% |
| Shares Outstanding | — | $47M | $47M | $45M | $35M | $20M | $19M | $9M | $9M | $9M | $9M |
Integration and margin dilution
According to current market data, DSGR trades at a forward P/E of 35.22, a valuation that appears disconnected from the company's recent earnings volatility and the persistent difficulty in achieving meaningful organic growth across its integrated industrial distribution segments compared to more established, higher-margin industry peers.
The current valuation implies an expectation of significant future margin expansion that has yet to manifest in the reported financial results. Investors should monitor whether this premium is based on a 'platform' narrative that may be overly optimistic given the company's historical struggle to convert revenue into consistent bottom-line growth.
As reported in financial statements, DSGR's ROIC has languished at levels below 1.5% over the last ten quarters, suggesting that the company is currently failing to generate returns on invested capital that exceed its cost of capital, a trend that warrants further investigation by long-term shareholders.
The persistent inability to drive ROIC higher indicates that the capital deployed for acquisitions is not yet yielding the expected synergies. This stagnation suggests that the company's current business model may be structurally inefficient, requiring significant operational improvements before it can be considered a true compounder of shareholder value.
Based on the provided quarterly data, DSGR's cash conversion cycle has remained elevated, peaking at 121 days in 2023Q4 and settling at 108 days in 2026Q1, which highlights a structural challenge in managing inventory and receivables compared to the leaner operations of larger industrial distribution competitors.
The high DIO and DSO metrics suggest that the company is carrying excessive inventory or struggling with collection cycles, both of which tie up critical liquidity. This inefficiency appears to be a drag on the company's overall cash flow generation and may reflect the logistical complexities of integrating disparate sales cultures.
As indicated by the latest quarterly filings, DSGR maintains a quick ratio of 1.39, which, while seemingly adequate, provides a limited safety net given the company's history of erratic cash flow and the ongoing capital requirements of its service-intensive, high-touch industrial distribution business model.
The reliance on current assets to cover short-term obligations leaves little room for error during periods of economic contraction or unexpected operational disruption. Investors should monitor the company's ability to maintain these liquidity levels without resorting to further debt, especially given the recent volatility in its interest coverage ratios.
The P/E ratio is frequently misapplied to DSGR, as it obscures the significant impact of non-cash amortization charges stemming from the 2022 merger, which artificially suppresses GAAP earnings and makes the company appear more expensive than its underlying cash-generating capacity might otherwise suggest to a fundamental analyst.
Instead of relying on P/E, investors should prioritize Adjusted EBITDA or Free Cash Flow to better understand the company's true earning power. Using P/E in this context risks misinterpreting accounting-driven volatility as operational failure, potentially leading to an incorrect assessment of the company's valuation relative to its peers.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying DSGR stock.
Distribution Solutions Group, Inc.'s current P/E ratio is 149.7x. The historical average is 26.2x. This places it at the 95th percentile of its historical range.
Distribution Solutions Group, Inc.'s current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.8x.
Distribution Solutions Group, Inc.'s return on equity (ROE) is 1.3%. The historical average is 3.7%.
Based on historical data, Distribution Solutions Group, Inc. is trading at a P/E of 149.7x. This is at the 95th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Distribution Solutions Group, Inc. has 31.1% gross margin and 4.4% operating margin.
Distribution Solutions Group, Inc.'s Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.