Latest Ratios: P/E Ratio 87.1x · EV/EBITDA 18.4x · ROE 6.2%. (1998–2025 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 | $20.6B | $12.8B | $15.0B | $18.1B | $9.4B | $18.9B | $13.1B | $6.8B | $4.0B | $4.4B | $2.5B |
| Enterprise Value | $24.1B | $16.4B | $18.8B | $22.3B | $14.7B | $19.5B | $13.6B | $7.5B | $4.4B | $4.4B | $2.7B |
| P/E Ratio → | 87.15 | 54.35 | 51.33 | 99.85 | 44.92 | 46.19 | 44.49 | 26.79 | 16.51 | 51.61 | 26.32 |
| P/S Ratio | 6.43 | 4.01 | 4.64 | 5.13 | 2.86 | 8.23 | 7.04 | 4.30 | 2.57 | 3.26 | 2.16 |
| P/B Ratio | 5.20 | 3.24 | 4.07 | 5.31 | 2.92 | 11.04 | 9.49 | 5.87 | 3.93 | 4.40 | 2.83 |
| P/FCF | 51.91 | 32.36 | 47.58 | 96.39 | — | 99.70 | 41.58 | 25.34 | 19.66 | 21.88 | 17.87 |
| P/OCF | 29.57 | 18.44 | 23.81 | 28.06 | 25.86 | 47.26 | 29.32 | 17.89 | 12.73 | 14.90 | 12.25 |
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 | — | 5.12 | 5.79 | 6.32 | 4.48 | 8.50 | 7.34 | 4.70 | 2.86 | 3.29 | 2.32 |
| EV / EBITDA | 18.35 | 12.46 | 20.57 | 25.13 | 19.35 | 28.31 | 25.66 | 19.65 | 10.56 | 12.84 | 10.65 |
| EV / EBIT | 26.10 | 35.99 | 34.93 | 45.92 | 31.95 | 37.54 | 33.88 | 20.49 | 15.37 | 20.36 | 17.35 |
| EV / FCF | — | 41.28 | 59.36 | 118.72 | — | 102.89 | 43.34 | 27.71 | 21.91 | 22.12 | 19.12 |
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 | 44.4% | 44.4% | 45.9% | 42.5% | 42.5% | 46.1% | 45.7% | 44.7% | 46.4% | 45.4% | 43.3% |
| Operating Margin | 28.9% | 28.9% | 16.5% | 14.2% | 14.6% | 24.0% | 21.3% | 15.0% | 18.9% | 18.0% | 13.2% |
| Net Profit Margin | 7.4% | 7.4% | 9.0% | 5.1% | 6.4% | 17.8% | 15.9% | 16.0% | 15.5% | 6.3% | 8.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.2% | 6.2% | 8.2% | 5.5% | 8.5% | 26.5% | 23.2% | 23.4% | 24.0% | 9.0% | 11.4% |
| ROA | 2.8% | 2.8% | 3.4% | 1.9% | 3.1% | 13.4% | 10.9% | 10.5% | 11.2% | 4.6% | 5.8% |
| ROIC | 9.3% | 9.3% | 5.3% | 4.6% | 6.6% | 19.5% | 15.9% | 11.0% | 17.5% | 17.1% | 10.6% |
| ROCE | 11.7% | 11.7% | 6.6% | 5.6% | 7.9% | 20.3% | 16.3% | 11.1% | 15.7% | 15.5% | 10.7% |
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 | 0.98 | 0.98 | 1.10 | 1.36 | 1.82 | 0.59 | 0.82 | 0.85 | 0.93 | 0.68 | 0.65 |
| Debt / EBITDA | 2.96 | 2.96 | 4.44 | 5.24 | 7.72 | 1.46 | 2.13 | 2.60 | 2.24 | 1.96 | 2.29 |
| Net Debt / Equity | — | 0.89 | 1.01 | 1.23 | 1.65 | 0.35 | 0.40 | 0.55 | 0.45 | 0.05 | 0.20 |
| Net Debt / EBITDA | 2.69 | 2.69 | 4.08 | 4.73 | 6.98 | 0.88 | 1.04 | 1.68 | 1.09 | 0.14 | 0.70 |
| Debt / FCF | — | 8.92 | 11.78 | 22.33 | — | 3.19 | 1.76 | 2.37 | 2.26 | 0.25 | 1.25 |
| Interest Coverage | 2.27 | 2.27 | 2.50 | 1.55 | 2.16 | 12.62 | 8.29 | 7.77 | 8.46 | 6.71 | 4.29 |
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 | 3.35 | 3.35 | 3.08 | 3.85 | 3.06 | 3.47 | 4.08 | 3.53 | 3.82 | 3.63 | 3.06 |
| Quick Ratio | 3.35 | 3.35 | 1.86 | 2.67 | 2.00 | 2.21 | 3.01 | 2.44 | 2.82 | 2.95 | 2.36 |
| Cash Ratio | 0.74 | 0.74 | 0.63 | 0.89 | 0.74 | 1.06 | 1.92 | 1.33 | 1.79 | 2.15 | 1.55 |
| Asset Turnover | — | 0.38 | 0.39 | 0.40 | 0.32 | 0.72 | 0.64 | 0.63 | 0.67 | 0.68 | 0.69 |
| Inventory Turnover | 2762.28 | 2762.28 | 2.75 | 3.34 | 2.32 | 2.61 | 3.12 | 3.06 | 3.10 | 3.70 | 3.63 |
| Days Sales Outstanding | — | 52.38 | 60.24 | 47.34 | 59.55 | 55.16 | 51.90 | 53.77 | 52.27 | 49.87 | 51.45 |
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 | 0.3% | 0.5% | 0.4% | 0.3% | 0.6% | 0.2% | 0.3% | 0.6% | 1.0% | 0.2% | — |
| Payout Ratio | 25.8% | 25.8% | 20.7% | 33.3% | 27.4% | 10.6% | 14.7% | 15.9% | 16.4% | 11.6% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.1% | 1.8% | 1.9% | 1.0% | 2.2% | 2.2% | 2.2% | 3.7% | 6.1% | 1.9% | 3.8% |
| FCF Yield | 1.9% | 3.1% | 2.1% | 1.0% | — | 1.0% | 2.4% | 3.9% | 5.1% | 4.6% | 5.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.3% | 1.2% | 4.4% | 0.6% | 0.3% |
| Total Shareholder Yield | 0.3% | 0.5% | 0.4% | 0.3% | 0.6% | 0.6% | 0.7% | 1.8% | 5.4% | 0.9% | 0.3% |
| Shares Outstanding | — | $152M | $152M | $151M | $143M | $137M | $136M | $137M | $143M | $144M | $142M |
Acquisition-related leverage overhang
Based on current market data, Entegris trades at a forward P/E of 44.38, which suggests that investors are pricing in significant long-term earnings expansion despite the volatility in recent quarterly results and the company's ongoing efforts to integrate large-scale acquisitions into its core operational platform.
The elevated P/E multiple relative to broader industrial peers implies a market expectation that Entegris will capture outsized value from the transition to advanced semiconductor nodes. However, investors should monitor whether this premium is sustainable given the cyclical nature of wafer starts and the potential for margin compression if the current growth trajectory fails to materialize.
As reported in recent financial statements, the company's ROIC has remained suppressed at 1.4% in 2026Q1, reflecting the heavy burden of goodwill and intangible assets on the balance sheet following the aggressive inorganic growth strategy pursued by management over the past several years.
The low return on invested capital suggests that the company is currently struggling to generate meaningful economic profit on its deployed capital base. This trend warrants further investigation into whether the synergies from recent acquisitions are being realized at the pace originally projected by management.
According to quarterly filings, the cash conversion cycle reached 136 days in 2026Q1, driven largely by high inventory days of 117, which indicates that the company is carrying significant stock to mitigate supply chain risks in the highly sensitive semiconductor materials manufacturing environment.
The extended CCC suggests that Entegris faces structural challenges in optimizing its working capital, likely due to the need to maintain high safety stocks for critical consumables. This inefficiency may continue to weigh on free cash flow generation until the company can better align its inventory levels with actual demand signals.
Based on reported figures, the debt-to-equity ratio has improved to 0.93 in 2026Q1 from 1.36 in 2023Q4, signaling that management is prioritizing balance sheet repair and debt reduction as a core component of its capital allocation strategy following the recent period of intense M&A activity.
While the reduction in leverage is a positive development, the interest coverage ratio of 3.02 remains relatively tight, suggesting that the company's ability to service its debt remains sensitive to fluctuations in operating income. Investors should monitor the pace of further deleveraging as a key indicator of long-term financial health.
The P/E ratio is frequently misapplied to Entegris because it fails to account for the massive non-cash amortization charges resulting from recent acquisitions, which artificially depress reported net income and make the company appear significantly more expensive than its underlying cash-generating capacity would otherwise suggest.
Analysts should instead focus on EV/EBITDA or P/FCF to better capture the true operational performance of the business. Relying solely on P/E risks misinterpreting the company's valuation by ignoring the significant wedge between accounting earnings and the actual cash flows available to shareholders.
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying ENTG stock.
Entegris, Inc.'s current P/E ratio is 87.1x. The historical average is 36.4x. This places it at the 95th percentile of its historical range.
Entegris, Inc.'s current EV/EBITDA is 18.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.6x.
Entegris, Inc.'s return on equity (ROE) is 6.2%. The historical average is 7.5%.
Based on historical data, Entegris, Inc. is trading at a P/E of 87.1x. This is at the 95th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Entegris, Inc.'s current dividend yield is 0.30% with a payout ratio of 25.8%.
Entegris, Inc. has 44.4% gross margin and 28.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Entegris, Inc.'s Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.