Latest Ratios: P/E Ratio 48.8x · EV/EBITDA 21.1x · ROE 7.5%. (2012–2025 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 | $9.4B | $6.1B | $6.2B | $5.6B | $4.5B | $6.0B | $4.4B | $3.0B | $3.0B | $2.8B | $2.7B |
| Enterprise Value | $10.4B | $7.1B | $7.7B | $7.3B | $6.2B | $7.7B | $5.7B | $4.4B | $8.1B | $7.8B | $7.5B |
| P/E Ratio → | 48.82 | 31.63 | 25.18 | 47.22 | 24.25 | 29.61 | 59.10 | 33.37 | — | — | — |
| P/S Ratio | 3.68 | 2.37 | 2.51 | 2.40 | 1.75 | 2.51 | 2.39 | 1.65 | 1.52 | 0.75 | 0.74 |
| P/B Ratio | 3.48 | 2.25 | 2.57 | 2.39 | 1.90 | 2.41 | 1.91 | 1.37 | 1.36 | 0.99 | 0.92 |
| P/FCF | 41.28 | 26.62 | 21.01 | 19.76 | 17.89 | 21.79 | 19.06 | — | — | 23.13 | 20.71 |
| P/OCF | 32.42 | 20.90 | 17.04 | 16.66 | 15.02 | 18.66 | 16.96 | 337.55 | — | 15.59 | 14.44 |
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 | — | 2.77 | 3.14 | 3.14 | 2.43 | 3.19 | 3.08 | 2.41 | 4.14 | 2.08 | 2.09 |
| EV / EBITDA | 21.07 | 14.30 | 15.38 | 21.54 | 12.72 | 16.51 | 14.50 | 10.98 | 20.04 | 20.78 | 12.58 |
| EV / EBIT | 30.38 | 20.62 | 22.43 | 41.10 | 18.48 | 24.57 | 39.52 | 19.13 | 31.50 | 102.48 | 53.29 |
| EV / FCF | — | 31.01 | 26.28 | 25.90 | 24.76 | 27.72 | 24.56 | — | — | 63.89 | 58.04 |
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 | 42.0% | 42.0% | 42.2% | 39.4% | 37.4% | 40.0% | 42.4% | 42.9% | 42.7% | 42.1% | 42.1% |
| Operating Margin | 13.4% | 13.4% | 14.0% | 7.4% | 12.8% | 12.5% | 12.6% | 13.6% | 12.7% | 5.9% | 7.1% |
| Net Profit Margin | 7.5% | 7.5% | 9.9% | 5.1% | 7.3% | 8.5% | 4.1% | 5.0% | -16.5% | -7.8% | -2.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.5% | 7.5% | 10.3% | 5.0% | 7.7% | 8.4% | 3.3% | 4.2% | -12.9% | -10.3% | -2.5% |
| ROA | 3.8% | 3.8% | 5.0% | 2.4% | 3.7% | 4.2% | 1.7% | 1.3% | -3.3% | -2.9% | -0.7% |
| ROIC | 6.7% | 6.7% | 6.4% | 3.2% | 5.9% | 5.8% | 4.8% | 3.4% | 2.5% | 2.1% | 2.5% |
| ROCE | 7.5% | 7.5% | 7.6% | 3.8% | 7.0% | 6.7% | 5.7% | 4.1% | 2.9% | 2.4% | 2.8% |
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 | 0.60 | 0.60 | 0.79 | 0.86 | 0.84 | 0.79 | 0.68 | 0.71 | 2.46 | 1.90 | 1.81 |
| Debt / EBITDA | 3.30 | 3.30 | 3.80 | 5.95 | 4.07 | 4.24 | 3.99 | 3.92 | 13.27 | 14.44 | 8.80 |
| Net Debt / Equity | — | 0.37 | 0.64 | 0.74 | 0.73 | 0.65 | 0.55 | 0.63 | 2.36 | 1.75 | 1.67 |
| Net Debt / EBITDA | 2.03 | 2.03 | 3.08 | 5.10 | 3.53 | 3.53 | 3.25 | 3.45 | 12.69 | 13.26 | 8.09 |
| Debt / FCF | — | 4.39 | 5.27 | 6.13 | 6.87 | 5.93 | 5.51 | — | — | 40.76 | 37.33 |
| Interest Coverage | 6.41 | 6.41 | 6.11 | 3.62 | 6.54 | 5.75 | 2.28 | 2.55 | 0.83 | 0.23 | 0.37 |
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 | 3.68 | 3.68 | 3.34 | 3.24 | 3.45 | 2.93 | 3.15 | 2.84 | 2.17 | 2.14 | 1.91 |
| Quick Ratio | 3.00 | 3.00 | 2.70 | 2.43 | 2.61 | 2.26 | 2.50 | 2.16 | 2.01 | 1.69 | 1.53 |
| Cash Ratio | 1.46 | 1.46 | 0.95 | 0.78 | 0.77 | 0.80 | 0.93 | 0.65 | 0.20 | 0.44 | 0.39 |
| Asset Turnover | — | 0.50 | 0.50 | 0.47 | 0.52 | 0.47 | 0.41 | 0.42 | 0.21 | 0.37 | 0.36 |
| Inventory Turnover | 5.02 | 5.02 | 5.77 | 4.73 | 5.49 | 5.24 | 5.26 | 5.25 | 5.97 | 4.46 | 5.00 |
| Days Sales Outstanding | — | 74.07 | 65.31 | 72.24 | 65.26 | 74.86 | 79.43 | 72.35 | 71.18 | 38.65 | 107.36 |
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 | 0.8% | 1.3% | 1.3% | 1.4% | 1.8% | 1.0% | 0.3% | — | — | — | — |
| Payout Ratio | 40.8% | 40.8% | 32.0% | 65.5% | 41.9% | 30.4% | 16.4% | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.0% | 3.2% | 4.0% | 2.1% | 4.1% | 3.4% | 1.7% | 3.0% | — | — | — |
| FCF Yield | 2.4% | 3.8% | 4.8% | 5.1% | 5.6% | 4.6% | 5.2% | — | — | 4.3% | 4.8% |
| Buyback Yield | 0.3% | 0.4% | 0.0% | 0.0% | 3.4% | 0.3% | 1.3% | 16.7% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.1% | 1.7% | 1.3% | 1.4% | 5.1% | 1.4% | 1.5% | 16.7% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $242M | $243M | $242M | $246M | $248M | $250M | $260M | $288M | $286M | $272M |
Aggressive acquisition integration risk
According to current market data, ESI trades at a 57.80x trailing P/E ratio, a valuation that appears disconnected from the company's recent earnings volatility and suggests investors are pricing in significant future growth that has yet to materialize in consistent, high-quality bottom-line performance metrics.
The forward P/E of 25.82 implies a market expectation of rapid earnings recovery, yet this valuation sits at a substantial premium to peers like Innospec or Cabot. Investors should monitor whether this multiple is supported by structural margin expansion or if it reflects an over-optimistic view of the company's semiconductor materials exposure.
Based on reported financial statements, ESI's ROIC has languished at approximately 1.4% to 2.0% over the last ten quarters, a level that suggests the company is failing to generate returns on invested capital that exceed its likely cost of capital, indicating significant value destruction.
The persistent gap between invested capital and returns appears driven by the heavy amortization of intangible assets from past acquisitions. This trend warrants investigation into whether the company's inorganic growth strategy is truly accretive or if it merely masks a lack of organic compounding power.
As evidenced by the quarterly data, the cash conversion cycle has remained elevated, peaking at 120 days in 2024Q1 and settling at 96 days in 2026Q1, which suggests that ESI struggles to optimize its inventory and receivables management relative to its specialty chemical industry peers.
The high DIO and DSO figures imply that capital is being trapped in the supply chain, potentially due to the complexities of managing global electronics inventory. This inefficiency limits the company's ability to generate free cash flow, particularly during periods of rapid revenue expansion.
According to recent balance sheet filings, the debt-to-equity ratio has climbed to 0.78 in 2026Q1 from a 2025Q4 low of 0.60, signaling a reversal of deleveraging efforts and a renewed reliance on debt to fund the company's aggressive inorganic growth and acquisition strategy.
While interest coverage remains above 5x, the rapid increase in debt levels during a period of earnings volatility introduces unnecessary risk. Investors should monitor whether this leverage profile limits the company's ability to navigate future cyclical downturns in the semiconductor and automotive end-markets.
As reported in financial disclosures, the reliance on Net Income as a primary performance metric is fundamentally flawed for ESI, as it obscures the significant non-cash amortization charges that arise from the company's historical acquisition-heavy business model and distorts the true underlying earning power.
Analysts should prioritize Adjusted EBITDA and Free Cash Flow over Net Income to better assess the company's operational health. Using P/E ratios for this business model is particularly misleading, as it penalizes the company for accounting-driven charges that do not reflect the actual cash-generating capacity of its specialty chemical formulations.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying ESI stock.
Element Solutions Inc's current P/E ratio is 48.8x. The historical average is 35.8x. This places it at the 86th percentile of its historical range.
Element Solutions Inc's current EV/EBITDA is 21.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.2x.
Element Solutions Inc's return on equity (ROE) is 7.5%. The historical average is -0.2%.
Based on historical data, Element Solutions Inc is trading at a P/E of 48.8x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Element Solutions Inc's current dividend yield is 0.83% with a payout ratio of 40.8%.
Element Solutions Inc has 42.0% gross margin and 13.4% operating margin. Operating margin between 10-20% is typical for established companies.
Element Solutions Inc's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.