Latest Ratios: P/E Ratio 33.1x · EV/EBITDA 15.5x · ROE 4.2%. (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 | $167M | $119M | $165M | $138M | $120M | $157M | $151M | $191M | $101M | $165M | $131M |
| Enterprise Value | $214M | $166M | $208M | $192M | $187M | $226M | $237M | $285M | $116M | $178M | $110M |
| P/E Ratio → | 33.06 | 23.37 | — | 16.06 | 9.79 | 16.83 | 28.02 | 14.40 | 10.47 | 32.69 | 16.72 |
| P/S Ratio | 0.67 | 0.48 | 0.61 | 0.53 | 0.43 | 0.64 | 0.76 | 0.76 | 0.43 | 0.81 | 0.95 |
| P/B Ratio | 1.36 | 0.96 | 1.37 | 1.04 | 0.95 | 1.37 | 1.45 | 1.82 | 1.04 | 1.89 | 1.58 |
| P/FCF | 34.21 | 24.39 | 15.26 | 6.88 | 16.96 | — | 8.58 | 10.93 | 13.55 | 19.56 | 13.68 |
| P/OCF | 18.89 | 13.47 | 8.05 | 5.21 | 11.51 | — | 7.30 | 8.34 | 7.85 | 14.72 | 10.52 |
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 | — | 0.67 | 0.76 | 0.74 | 0.67 | 0.92 | 1.20 | 1.13 | 0.49 | 0.87 | 0.80 |
| EV / EBITDA | 15.51 | 12.03 | 7.99 | 8.56 | 8.72 | 9.15 | 11.66 | 11.90 | 5.00 | 10.57 | 7.34 |
| EV / EBIT | 21.17 | 16.42 | 10.51 | 10.72 | 11.19 | 10.85 | 15.51 | 15.75 | 6.17 | 14.28 | 9.67 |
| EV / FCF | — | 33.88 | 19.19 | 9.56 | 26.29 | — | 13.47 | 16.24 | 15.52 | 21.09 | 11.49 |
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 | 22.6% | 22.6% | 24.7% | 23.9% | 21.0% | 23.0% | 24.3% | 24.6% | 25.1% | 24.4% | 26.4% |
| Operating Margin | 4.1% | 4.1% | 7.4% | 6.6% | 5.1% | 7.1% | 6.8% | 6.9% | 7.6% | 5.9% | 8.1% |
| Net Profit Margin | 2.1% | 2.1% | -3.1% | 3.3% | 4.4% | 3.8% | 2.7% | 5.3% | 6.2% | 2.5% | 5.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.2% | 4.2% | -6.7% | 6.6% | 10.2% | 8.5% | 5.2% | 13.1% | 15.8% | 6.0% | 9.6% |
| ROA | 2.3% | 2.3% | -3.5% | 3.3% | 4.7% | 3.5% | 1.9% | 5.7% | 8.1% | 3.4% | 6.3% |
| ROIC | 4.5% | 4.5% | 8.6% | 6.7% | 5.6% | 7.0% | 5.2% | 8.4% | 12.7% | 11.2% | 13.2% |
| ROCE | 5.3% | 5.3% | 10.1% | 8.0% | 6.6% | 7.7% | 5.6% | 8.8% | 12.1% | 9.4% | 10.2% |
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 | 0.47 | 0.47 | 0.60 | 0.66 | 0.97 | 1.05 | 0.30 | 0.41 | 0.02 |
| Debt / EBITDA | 3.91 | 3.91 | 2.18 | 2.77 | 3.57 | 3.04 | 4.99 | 4.65 | 1.24 | 2.10 | 0.12 |
| Net Debt / Equity | — | 0.37 | 0.35 | 0.41 | 0.52 | 0.60 | 0.82 | 0.88 | 0.15 | 0.15 | -0.25 |
| Net Debt / EBITDA | 3.37 | 3.37 | 1.64 | 2.40 | 3.09 | 2.79 | 4.23 | 3.89 | 0.64 | 0.77 | -1.40 |
| Debt / FCF | — | 9.49 | 3.93 | 2.68 | 9.33 | — | 4.89 | 5.32 | 1.98 | 1.54 | -2.19 |
| Interest Coverage | 3.76 | 3.76 | 7.27 | 6.38 | 7.33 | 11.91 | 7.42 | 9.72 | 15.63 | 12.73 | 93.37 |
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 | 3.59 | 3.59 | 2.58 | 2.63 | 2.67 | 2.50 | 2.75 | 3.32 | 3.36 | 3.20 | 6.04 |
| Quick Ratio | 1.55 | 1.55 | 1.35 | 1.24 | 1.29 | 1.23 | 1.69 | 1.76 | 1.61 | 1.69 | 3.39 |
| Cash Ratio | 0.27 | 0.27 | 0.36 | 0.22 | 0.22 | 0.12 | 0.38 | 0.52 | 0.46 | 0.71 | 1.77 |
| Asset Turnover | — | 1.15 | 1.16 | 1.03 | 1.07 | 0.93 | 0.72 | 0.90 | 1.29 | 1.16 | 1.11 |
| Inventory Turnover | 3.42 | 3.42 | 3.72 | 3.33 | 3.41 | 3.02 | 3.47 | 3.48 | 3.33 | 3.27 | 2.98 |
| Days Sales Outstanding | — | 44.22 | 47.91 | 53.06 | 57.37 | 65.41 | 58.74 | 55.01 | 48.95 | 48.47 | 48.10 |
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 | 1.6% | 2.2% | 1.7% | 2.0% | 2.3% | 1.8% | 1.8% | 1.4% | 2.7% | 1.7% | 2.1% |
| Payout Ratio | 52.4% | 52.4% | — | 32.2% | 22.3% | 29.5% | 51.0% | 20.7% | 19.0% | 54.6% | 35.3% |
| 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% | 4.3% | — | 6.2% | 10.2% | 5.9% | 3.6% | 6.9% | 9.6% | 3.1% | 6.0% |
| FCF Yield | 2.9% | 4.1% | 6.6% | 14.5% | 5.9% | — | 11.7% | 9.2% | 7.4% | 5.1% | 7.3% |
| Buyback Yield | 2.2% | 3.1% | 1.8% | 0.5% | 1.4% | 0.2% | 0.2% | 0.0% | 1.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.8% | 5.4% | 3.5% | 2.5% | 3.6% | 2.0% | 2.1% | 1.4% | 3.8% | 1.7% | 2.1% |
| Shares Outstanding | — | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $4M | $6M | $6M |
Cyclical industrial demand contraction
According to current market data, EML trades at a trailing P/E of 28.98, which appears disconnected from its recent revenue contraction and suggests investors are pricing in a recovery that is not yet supported by the company's 1.1% net margin reported in 2026Q1.
The disparity between the elevated trailing P/E and the more modest forward P/E of 12.29 implies that the market is anticipating a significant rebound in earnings power. However, given the company's high-fixed-cost structure, this valuation may be overly optimistic if the current industrial downturn persists longer than anticipated.
Based on reported financial statements, EML's ROIC has compressed to a marginal 0.5% in 2026Q1, down from 2.4% in 2024Q2, indicating that the company is struggling to generate returns that exceed its cost of capital during this period of cyclical revenue decline.
The consistent decay in ROIC suggests that the company's invested capital is not being utilized effectively in the current low-volume environment. Investors should monitor whether management can rationalize the asset base to improve these returns, as the current levels are insufficient to drive long-term shareholder value creation.
As evidenced by the 2026Q1 data, EML's cash conversion cycle has extended to 119 days, driven by a high days inventory outstanding of 104, which suggests that the company is carrying significant excess inventory that may be vulnerable to obsolescence in a slowing market.
The inability to efficiently convert inventory into cash highlights a potential mismatch between production levels and actual end-market demand. This inefficiency ties up capital that could otherwise be deployed for strategic initiatives, further exacerbating the impact of the current cyclical downturn on the company's liquidity position.
According to recent filings, EML maintains a debt-to-equity ratio of 0.43, which, when compared to the broader industrial sector, provides a significant safety margin that allows the company to navigate the current period of earnings volatility without immediate refinancing or covenant risks.
While the low leverage is a clear strength, it also raises questions about whether the company is under-utilizing its balance sheet to drive growth. The interest coverage ratio of 2.16 in 2026Q1 warrants monitoring, as any further decline in operating income could begin to constrain the company's financial flexibility.
The P/E ratio is frequently misapplied to EML's business model, as it obscures the impact of non-recurring restructuring costs and the cyclical nature of its manufacturing margins, which often lead to artificially depressed earnings that do not reflect the company's underlying cash-generating potential.
Investors should prioritize EV/EBITDA over P/E when evaluating EML, as the former better accounts for the company's capital structure and the impact of depreciation on its heavy manufacturing asset base. Relying solely on P/E in a cyclical trough can lead to a distorted view of the company's true valuation.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying EML stock.
The Eastern Company's current P/E ratio is 33.1x. The historical average is 18.6x. This places it at the 93th percentile of its historical range.
The Eastern Company's current EV/EBITDA is 15.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.6x.
The Eastern Company's return on equity (ROE) is 4.2%. The historical average is 9.8%.
Based on historical data, The Eastern Company is trading at a P/E of 33.1x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Eastern Company's current dividend yield is 1.59% with a payout ratio of 52.4%.
The Eastern Company has 22.6% gross margin and 4.1% operating margin.
The Eastern Company's Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.