Latest Ratios: P/E Ratio 101.6x · EV/EBITDA 2.9x · ROE 0.5%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $2.2B | $3.2B | $4.2B | $5.9B | $8.3B | $7.9B | $3.4B | $18.1B | $29.1B | $8.0B |
| Enterprise Value | $4.2B | $4.8B | $5.9B | $7.9B | $9.4B | $11.8B | $11.4B | $11.2B | $22.6B | $34.5B | $9.7B |
| P/E Ratio → | 101.60 | 125.70 | 8.12 | 46.11 | — | 11.61 | — | — | 14.39 | 16.64 | — |
| P/S Ratio | 0.13 | 0.18 | 0.24 | 0.31 | 0.41 | 0.51 | 0.49 | 0.17 | 0.87 | 1.34 | 1.06 |
| P/B Ratio | 0.57 | 0.70 | 0.90 | 1.38 | 1.53 | 1.55 | 1.48 | 0.66 | 1.55 | 2.11 | 3.71 |
| P/FCF | 1.60 | 2.17 | 3.84 | 4.42 | 5.10 | 6.68 | — | 1.91 | 14.77 | 12.44 | 16.35 |
| P/OCF | 1.33 | 1.80 | 2.26 | 3.10 | 4.14 | 5.55 | 64.07 | 1.44 | 10.15 | 9.38 | 8.21 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.38 | 0.46 | 0.58 | 0.65 | 0.73 | 0.70 | 0.57 | 1.09 | 1.59 | 1.28 |
| EV / EBITDA | 2.94 | 3.35 | 2.94 | 5.49 | 22.83 | 4.10 | 3.97 | 3.69 | 5.79 | 7.43 | 12.25 |
| EV / EBIT | 16.17 | 18.43 | 6.60 | 19.31 | — | 8.79 | 8.51 | — | 12.23 | 21.27 | — |
| EV / FCF | — | 4.59 | 7.18 | 8.24 | 8.15 | 9.48 | — | 6.34 | 18.46 | 14.75 | 19.81 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.8% | 14.8% | 24.1% | 22.6% | 22.1% | 22.0% | 22.0% | 13.6% | 28.0% | 24.9% | 27.1% |
| Operating Margin | 2.0% | 2.0% | 5.4% | -0.0% | -7.9% | 7.0% | 7.0% | 5.1% | 9.1% | 12.1% | 1.8% |
| Net Profit Margin | 0.1% | 0.1% | 3.0% | 0.7% | -3.9% | 4.4% | 4.4% | -27.4% | 6.1% | 8.1% | -1.6% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.5% | 0.5% | 11.9% | 2.6% | -12.4% | 13.4% | 13.7% | -63.8% | 9.8% | 21.9% | -5.9% |
| ROA | 0.1% | 0.1% | 2.9% | 0.6% | -3.2% | 3.6% | 3.1% | -19.3% | 4.0% | 8.2% | -1.5% |
| ROIC | 3.2% | 3.2% | 8.1% | -0.0% | -10.6% | 9.6% | 7.8% | 5.2% | 7.9% | 17.1% | 2.8% |
| ROCE | 2.9% | 2.9% | 7.6% | -0.0% | -9.5% | 8.6% | 7.3% | 5.2% | 8.5% | 17.7% | 2.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.32 | 1.32 | 1.30 | 1.59 | 1.40 | 1.15 | 1.15 | 2.24 | 0.63 | 0.58 | 1.37 |
| Debt / EBITDA | 3.00 | 3.00 | 2.26 | 3.40 | 13.09 | 2.14 | 2.14 | 3.79 | 1.90 | 1.72 | 3.73 |
| Net Debt / Equity | — | 0.78 | 0.79 | 1.19 | 0.92 | 0.65 | 0.65 | 1.52 | 0.39 | 0.39 | 0.78 |
| Net Debt / EBITDA | 1.77 | 1.77 | 1.37 | 2.55 | 8.55 | 1.21 | 1.21 | 2.58 | 1.16 | 1.16 | 2.14 |
| Debt / FCF | — | 2.42 | 3.35 | 3.82 | 3.05 | 2.80 | — | 4.43 | 3.68 | 2.31 | 3.46 |
| Interest Coverage | 1.19 | 1.19 | 3.38 | 1.37 | -3.42 | 6.59 | 3.73 | -12.65 | 5.54 | 5.08 | -0.49 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.36 | 1.36 | 1.22 | 1.17 | 1.18 | 1.09 | 1.09 | 1.14 | 0.97 | 0.98 | 1.10 |
| Quick Ratio | 1.36 | 1.36 | 1.22 | 1.17 | 1.18 | 1.09 | 1.09 | 1.14 | 0.91 | 0.87 | 1.10 |
| Cash Ratio | 0.44 | 0.44 | 0.41 | 0.28 | 0.36 | 0.39 | 0.39 | 0.47 | 0.31 | 0.26 | 0.43 |
| Asset Turnover | — | 0.98 | 0.97 | 0.99 | 0.91 | 0.81 | 0.81 | 0.75 | 0.70 | 0.64 | 0.88 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 23.84 | 15.15 | — |
| Days Sales Outstanding | — | 85.82 | 84.28 | 86.88 | 87.04 | 86.49 | 86.49 | 81.89 | 91.12 | 92.05 | 78.83 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 0.7% | 6.3% | 1.2% | 0.6% | 1.0% |
| Payout Ratio | — | — | — | — | — | — | 7.4% | — | 16.7% | 9.9% | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.0% | 0.8% | 12.3% | 2.2% | — | 8.6% | — | — | 7.0% | 6.0% | — |
| FCF Yield | 62.4% | 46.1% | 26.1% | 22.6% | 19.6% | 15.0% | — | 52.3% | 6.8% | 8.0% | 6.1% |
| Buyback Yield | 15.0% | 11.1% | 0.4% | 21.3% | 11.4% | 7.5% | 0.0% | 21.8% | 7.4% | 0.5% | 0.2% |
| Total Shareholder Yield | 15.0% | 11.1% | 0.4% | 21.3% | 11.4% | 7.5% | 0.7% | 28.2% | 8.6% | 1.1% | 1.1% |
| Shares Outstanding | — | $179M | $185M | $199M | $229M | $255M | $254M | $259M | $281M | $290M | $140M |
Structural revenue runoff
According to recent market data, DXC's P/E ratio of 88.20 and EV/EBITDA of 2.79 suggest that investors are heavily discounting the firm's future earnings potential, likely pricing in a terminal decline rather than a turnaround for the legacy infrastructure services business model.
The extreme disparity between the high P/E and low EV/EBITDA suggests that the market is viewing the company's earnings as highly unstable and potentially non-recurring. Investors should monitor whether the forward EV/EBITDA of 2.26 indicates a value trap or a genuine mispricing of the company's ability to extract cash from its remaining client base.
Based on reported figures, DXC's ROIC has trended downward from 3.9% in 2025Q4 to -1.1% in 2026Q4, indicating that the company is currently failing to generate returns that exceed its cost of capital, which warrants significant concern regarding long-term value creation.
The consistent decay in ROIC suggests that the company's investments in modernization are not yet yielding the expected operational efficiencies. This trend implies that the firm is struggling to pivot its capital base away from low-margin legacy assets toward higher-growth segments, potentially leading to further erosion of shareholder value.
As reported in financial statements, DXC's DSO has remained elevated near 85 days throughout 2026, suggesting that the company faces persistent challenges in accelerating cash collection from its large-scale enterprise clients compared to more efficient peers in the IT services sector.
The lack of improvement in DSO indicates that the company may be granting extended payment terms to retain clients, which effectively subsidizes customer operations at the expense of its own liquidity. This inefficiency in the cash conversion cycle appears to be a structural drag on the company's ability to self-fund its ongoing transformation efforts.
Based on the latest quarterly data, DXC's interest coverage ratio has deteriorated to -4.95 in 2026Q4, signaling that the company's ability to service its debt obligations from operating income has become critically compromised in the current fiscal environment.
The debt-to-EBITDA ratio of 23.73 highlights a precarious reliance on debt that is no longer supported by sufficient operational cash flow. Investors should monitor whether the company will be forced to divest core assets or seek expensive refinancing to maintain its current capital structure, as the current leverage profile appears unsustainable.
The P/E ratio is the most commonly misapplied metric for DXC, as it fails to account for the massive non-cash charges and restructuring costs that frequently distort the company's GAAP earnings, rendering the multiple largely meaningless for assessing true operational performance.
Analysts should instead focus on EV/EBITDA or P/FCF to better understand the company's cash-generating capacity, as these metrics are less susceptible to the accounting volatility inherent in the firm's legacy-heavy business model. Relying on P/E in this context may lead to a fundamental misunderstanding of the company's actual 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 DXC stock.
DXC Technology Company's current P/E ratio is 101.6x. The historical average is 16.4x. This places it at the 96th percentile of its historical range.
DXC Technology Company's current EV/EBITDA is 2.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.8x.
DXC Technology Company's return on equity (ROE) is 0.5%. The historical average is 5.0%.
Based on historical data, DXC Technology Company is trading at a P/E of 101.6x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
DXC Technology Company has 14.8% gross margin and 2.0% operating margin.
DXC Technology Company's Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.