Latest Ratios: P/E Ratio -6.7x · EV/EBITDA 23.3x · ROE -20.2%. (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 | $54.2B | $52.2B | $39.8B | $49.3B | $46.7B | $83.8B | $34.9B | $37.2B | $30.6B | $50.0B | $48.5B |
| Enterprise Value | $198.4B | $196.4B | $177.7B | $175.5B | $162.0B | $202.7B | $172.7B | $176.5B | $168.1B | $185.8B | $175.6B |
| P/E Ratio → | -6.71 | — | 6.78 | 11.29 | — | 4.67 | — | 930.00 | 8.32 | 6.57 | 10.55 |
| P/S Ratio | 0.29 | 0.28 | 0.22 | 0.28 | 0.30 | 0.61 | 0.27 | 0.24 | 0.19 | 0.32 | 0.32 |
| P/B Ratio | 1.53 | 1.45 | 0.89 | 1.15 | 1.08 | 1.72 | 1.13 | 1.12 | 0.85 | 1.43 | 1.66 |
| P/FCF | 4.35 | 4.19 | 5.91 | 7.37 | — | 8.76 | 1.88 | 3.72 | 4.22 | 4.52 | 3.79 |
| P/OCF | 2.55 | 2.45 | 2.58 | 3.30 | 6.81 | 5.31 | 1.44 | 2.11 | 2.04 | 2.76 | 2.45 |
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 | — | 1.05 | 0.96 | 1.00 | 1.03 | 1.49 | 1.36 | 1.13 | 1.05 | 1.18 | 1.16 |
| EV / EBITDA | 23.27 | 23.04 | 16.21 | 14.75 | 12.56 | 18.44 | 59.96 | 19.52 | 14.66 | 14.43 | 14.28 |
| EV / EBIT | 78.36 | 77.58 | 34.88 | 32.63 | 25.28 | 40.28 | — | 321.41 | 53.30 | 41.98 | 49.06 |
| EV / FCF | — | 15.76 | 26.37 | 26.27 | — | 21.21 | 9.32 | 17.63 | 23.22 | 16.82 | 13.72 |
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 | 12.2% | 12.2% | 12.7% | 13.8% | 15.9% | 18.0% | 10.0% | 12.3% | 14.2% | 15.3% | 15.2% |
| Operating Margin | 1.4% | 1.4% | 2.8% | 3.1% | 4.1% | 3.7% | -3.6% | 0.4% | 2.0% | 2.8% | 2.4% |
| Net Profit Margin | -4.4% | -4.4% | 3.2% | 2.5% | -1.3% | 13.2% | -1.0% | 0.0% | 2.3% | 4.9% | 3.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -20.2% | -20.2% | 13.4% | 10.1% | -4.3% | 45.2% | -4.0% | 0.1% | 10.3% | 24.0% | 15.8% |
| ROA | -2.8% | -2.8% | 2.1% | 1.6% | -0.8% | 6.8% | -0.5% | 0.0% | 1.4% | 3.1% | 2.0% |
| ROIC | 1.0% | 1.0% | 2.2% | 2.5% | 2.9% | 2.2% | -2.0% | 0.2% | 1.4% | 2.0% | 1.8% |
| ROCE | 1.4% | 1.4% | 2.9% | 3.3% | 3.9% | 3.0% | -2.8% | 0.3% | 1.9% | 2.8% | 2.5% |
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 | 4.66 | 4.66 | 3.59 | 3.53 | 3.25 | 2.87 | 5.29 | 4.72 | 4.28 | 4.41 | 4.88 |
| Debt / EBITDA | 19.65 | 19.65 | 14.67 | 12.70 | 10.89 | 12.69 | 56.60 | 17.34 | 13.46 | 11.98 | 11.63 |
| Net Debt / Equity | — | 4.01 | 3.07 | 2.95 | 2.67 | 2.45 | 4.47 | 4.19 | 3.81 | 3.88 | 4.34 |
| Net Debt / EBITDA | 16.91 | 16.91 | 12.58 | 10.61 | 8.94 | 10.82 | 47.83 | 15.40 | 12.00 | 10.54 | 10.33 |
| Debt / FCF | — | 11.57 | 20.47 | 18.89 | — | 12.44 | 7.44 | 13.91 | 19.00 | 12.29 | 9.93 |
| Interest Coverage | 2.02 | 2.02 | 4.57 | 4.13 | 5.09 | 2.79 | -2.78 | 0.54 | 2.55 | 3.14 | 2.84 |
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 | 1.07 | 1.07 | 1.16 | 1.20 | 1.20 | 1.20 | 1.20 | 1.16 | 1.20 | 1.23 | 1.20 |
| Quick Ratio | 0.94 | 0.94 | 1.02 | 1.04 | 1.06 | 1.07 | 1.09 | 1.05 | 1.08 | 1.12 | 1.10 |
| Cash Ratio | 0.33 | 0.33 | 0.36 | 0.40 | 0.45 | 0.55 | 0.51 | 0.35 | 0.36 | 0.41 | 0.43 |
| Asset Turnover | — | 0.65 | 0.65 | 0.64 | 0.62 | 0.53 | 0.48 | 0.60 | 0.63 | 0.61 | 0.64 |
| Inventory Turnover | 10.76 | 10.76 | 10.81 | 9.70 | 9.44 | 9.27 | 10.59 | 12.68 | 12.26 | 12.92 | 14.47 |
| Days Sales Outstanding | — | 125.77 | 131.35 | 128.49 | 125.74 | 117.56 | 150.41 | 147.24 | 149.22 | 146.23 | 137.94 |
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 | 5.4% | 5.7% | 7.8% | 10.1% | 4.3% | 0.5% | 1.7% | 6.4% | 9.5% | 5.2% | 7.0% |
| Payout Ratio | — | — | 53.0% | 114.9% | — | 2.2% | — | 5083.0% | 79.0% | 33.4% | 73.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 14.7% | 8.9% | — | 21.4% | — | 0.1% | 12.0% | 15.2% | 9.5% |
| FCF Yield | 23.0% | 23.9% | 16.9% | 13.6% | — | 11.4% | 53.1% | 26.9% | 23.7% | 22.1% | 26.4% |
| Buyback Yield | 0.0% | 0.0% | 1.1% | 0.7% | 1.0% | 0.0% | 0.0% | 0.6% | 0.5% | 0.3% | 0.3% |
| Total Shareholder Yield | 5.4% | 5.7% | 8.9% | 10.8% | 5.3% | 0.5% | 1.7% | 7.1% | 10.0% | 5.4% | 7.3% |
| Shares Outstanding | — | $4.0B | $4.0B | $4.0B | $4.0B | $4.0B | $4.0B | $4.0B | $4.0B | $4.0B | $4.0B |
High warranty and recall costs
According to current market data, Ford trades at a forward P/E of 8.46, which, when compared to the broader automotive sector, suggests that investors are heavily discounting the company's earnings potential due to the persistent drag of the Model e segment and cyclical demand sensitivities.
The valuation gap between Ford and pure-play EV competitors highlights a market preference for growth over the steady, yet capital-intensive, cash flows of the Ford Blue and Pro segments. This multiple compression warrants further investigation into whether the market is mispricing the long-term margin expansion potential of the Ford Pro commercial ecosystem.
Based on reported financial figures, Ford's ROIC has struggled to maintain positive territory, bottoming at -0.4% in 2025Q4, which indicates that the company is currently failing to generate returns on invested capital that exceed its cost of capital during this intensive EV retooling phase.
The persistent decay in ROIC appears driven by the high R&D and manufacturing costs associated with the Model e segment, which currently lack the scale to provide meaningful returns. Investors should monitor whether management can improve capital allocation discipline to ensure that investments in the EV transition do not permanently erode the returns generated by the legacy business.
As reported in recent quarterly filings, Ford's cash conversion cycle has remained elevated, peaking at 125 days in 2025Q1, which suggests that the company faces significant challenges in optimizing its inventory turnover and managing supplier payment terms amidst a volatile production environment.
The extended DSO and DIO metrics indicate that Ford's working capital efficiency is currently under pressure, likely exacerbated by the need to hold higher inventory levels to support the complex transition between ICE and EV platforms. This inefficiency appears to be a structural drag on free cash flow generation compared to more streamlined automotive peers.
Data from the last ten quarters reveals a consolidated debt-to-equity ratio of 4.19 as of 2026Q1, a figure that, according to institutional analysis, is heavily inflated by the inclusion of Ford Credit and does not accurately reflect the leverage of the core automotive manufacturing operations.
While the headline leverage appears high, the underlying industrial business maintains a more manageable debt profile that warrants separate analysis from the financing arm. Investors should monitor the interest coverage ratio, which has shown significant volatility, to assess the company's ability to service its debt obligations during periods of cyclical downturn.
The debt-to-equity ratio is the most commonly misapplied metric for Ford, as it obscures the distinct risk profiles of the automotive manufacturing business and the captive Ford Credit financing arm, leading to an exaggerated perception of the company's industrial financial risk.
Analysts should instead focus on the industrial-only debt-to-EBITDA ratio to gain a clearer picture of the manufacturing segment's ability to generate cash for debt service. Relying on consolidated figures may lead to an incorrect assessment of the company's balance sheet strength and its capacity to fund future strategic initiatives.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying F stock.
Ford Motor Company's current P/E ratio is -6.7x. The historical average is 12.4x.
Ford Motor Company's current EV/EBITDA is 23.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.2x.
Ford Motor Company's return on equity (ROE) is -20.2%. The historical average is 11.1%.
Based on historical data, Ford Motor Company is trading at a P/E of -6.7x. Compare with industry peers and growth rates for a complete picture.
Ford Motor Company's current dividend yield is 5.43%.
Ford Motor Company has 12.2% gross margin and 1.4% operating margin.
Ford Motor Company's Debt/EBITDA ratio is 19.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.