Latest Ratios: P/E Ratio 34.4x · EV/EBITDA 14.6x · ROE 9.8%. (1999–2025 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 | $11.9B | $11.8B | — | — | — | — | — | — | — | — | — |
| Enterprise Value | $12.6B | $12.6B | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | 34.36 | 33.53 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.57 | 1.56 | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 3.17 | 3.09 | — | — | — | — | — | — | — | — | — |
| P/FCF | 30.74 | 30.56 | — | — | — | — | — | — | — | — | — |
| P/OCF | 13.64 | 13.56 | — | — | — | — | — | — | — | — | — |
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 | — | 1.66 | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 14.55 | 14.47 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 20.76 | 27.03 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 32.53 | — | — | — | — | — | — | — | — | — |
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 | 17.5% | 17.5% | 18.0% | 17.3% | 20.1% | 15.6% | 12.7% | 14.6% | 15.1% | 11.7% | 19.7% |
| Operating Margin | 8.0% | 8.0% | 10.4% | 6.0% | -2.4% | 4.8% | -8.6% | -1.4% | 1.8% | -5.9% | 5.9% |
| Net Profit Margin | 4.6% | 4.6% | 5.5% | 3.1% | -4.1% | -1.1% | -19.4% | -5.9% | -3.5% | 10.4% | 2.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.8% | 9.8% | 11.0% | 5.6% | -6.6% | -1.6% | -22.4% | -8.6% | -2.1% | 6.7% | 4.3% |
| ROA | 2.8% | 2.8% | 3.1% | 1.6% | -1.8% | -0.4% | -6.9% | -2.9% | -0.7% | 2.2% | 1.4% |
| ROIC | 7.3% | 7.3% | 8.4% | 3.9% | -1.3% | 2.1% | -4.3% | -1.0% | 0.4% | -1.4% | 3.2% |
| ROCE | 7.8% | 7.8% | 9.2% | 4.5% | -1.6% | 2.6% | -5.3% | -1.2% | 0.5% | -1.7% | 3.9% |
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 | 0.71 | 0.71 | 0.78 | 0.98 | 1.16 | 1.47 | 1.55 | 0.04 | 1.04 | 1.12 | 1.08 |
| Debt / EBITDA | 3.12 | 3.12 | 2.86 | 5.36 | 32.81 | 9.98 | — | 1.11 | 10.91 | 15.80 | 5.49 |
| Net Debt / Equity | — | 0.20 | 0.31 | 0.45 | 0.52 | 0.82 | 0.90 | -0.20 | 0.70 | 0.81 | 0.75 |
| Net Debt / EBITDA | 0.88 | 0.88 | 1.14 | 2.43 | 14.60 | 5.54 | — | -5.34 | 7.40 | 11.40 | 3.84 |
| Debt / FCF | — | 1.97 | 2.57 | 7.27 | 2.94 | 9.20 | — | -2.17 | — | 6.28 | — |
| Interest Coverage | 2.36 | 2.36 | 3.41 | 1.48 | 0.08 | 1.06 | -1.74 | 0.10 | 1.59 | 7.02 | 3.70 |
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 | 1.50 | 1.50 | 1.47 | 1.65 | 1.79 | 2.08 | 2.52 | 1.34 | 2.33 | 2.53 | 2.11 |
| Quick Ratio | 1.50 | 1.50 | 1.47 | 1.65 | 1.79 | 2.08 | 2.52 | 1.34 | 2.33 | 2.53 | 2.11 |
| Cash Ratio | 0.41 | 0.41 | 0.35 | 0.44 | 0.56 | 0.64 | 0.78 | 0.13 | 0.42 | 0.45 | 0.38 |
| Asset Turnover | — | 0.59 | 0.54 | 0.49 | 0.45 | 0.41 | 0.36 | 0.52 | 0.45 | 0.21 | 0.53 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | 0.2% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 6.7% | 6.7% | — | 8.2% | — | — | — | — | — | 19.8% | 17.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 3.0% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 3.3% | 3.3% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 1.6% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $183M | $184M | $184M | $184M | $184M | $184M | $184M | $184M | $184M | $184M |
Supply chain delivery bottlenecks
Based on current market data, Embraer trades at a forward P/E of 22.74, which appears to price in significant recovery expectations that may be disconnected from the historical volatility of its earnings as reported in recent quarterly filings.
The current valuation multiple suggests that investors are looking past the immediate margin compression to a future where the E2 platform and defense exports drive higher profitability. However, given the historical inconsistency in net margins, this premium warrants caution as it assumes a level of earnings stability that the company has yet to demonstrate consistently.
According to the provided financial data, Embraer's ROIC has struggled to maintain momentum, hovering at a modest 0.9% in 2026Q1, which indicates that the company is currently failing to generate returns that meaningfully exceed its cost of capital.
The persistent difficulty in scaling ROIC suggests that the heavy investment in new aircraft platforms is not yet yielding the expected efficiency gains. Investors should monitor whether the maturation of the E2 production line can finally drive a sustained expansion in capital returns, or if the business model remains structurally capital-intensive.
As reported in recent financial statements, Embraer's asset turnover remains low at 0.11 in 2026Q1, reflecting the long lead times and inventory-heavy nature of the aerospace manufacturing process compared to its industry peers.
The low asset turnover ratio highlights the significant amount of capital tied up in work-in-progress inventory and long-cycle defense projects. This inefficiency suggests that the company's ability to generate revenue from its asset base is highly sensitive to supply chain bottlenecks and the timing of final aircraft deliveries.
Based on quarterly balance sheet figures, Embraer has managed to reduce its debt-to-equity ratio to 0.77 as of 2026Q1, showing a disciplined approach to balance sheet management despite the inherent volatility of the aerospace sector.
While the reduction in leverage is a positive signal, the interest coverage ratio remains erratic, dropping to 1.53 in 2026Q1, which suggests that debt service remains sensitive to operating income fluctuations. The company's reliance on external financing for its long-cycle projects means that any sustained increase in interest rates could pressure its financial flexibility.
The P/E ratio is frequently misapplied to Embraer, as it obscures the massive impact of non-cash FX adjustments and lumpy project-based revenue recognition that distort the company's true underlying earning power.
Investors should instead focus on EV/EBITDA or free cash flow yield, which better account for the capital structure and the cash-intensive nature of the business. Relying on P/E ratios in this context risks misinterpreting accounting volatility as fundamental shifts in the company's competitive or operational health.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying EMBJ stock.
Embraer S.A.'s current P/E ratio is 34.4x. The historical average is 33.5x. This places it at the 100th percentile of its historical range.
Embraer S.A.'s current EV/EBITDA is 14.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
Embraer S.A.'s return on equity (ROE) is 9.8%. The historical average is 12.5%.
Based on historical data, Embraer S.A. is trading at a P/E of 34.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Embraer S.A.'s current dividend yield is 0.20% with a payout ratio of 6.7%.
Embraer S.A. has 17.5% gross margin and 8.0% operating margin.
Embraer S.A.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.