Latest Ratios: P/E Ratio 24.4x · EV/EBITDA 16.6x · ROE 19.9%. (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 | $12.5B | $14.1B | $14.5B | $14.9B | $11.6B | $14.1B | $12.5B | $8.9B | $7.2B | $7.9B | $4.7B |
| Enterprise Value | $11.9B | $13.5B | $13.9B | $14.5B | $11.4B | $13.7B | $12.4B | $8.9B | $7.4B | $8.0B | $5.0B |
| P/E Ratio → | 24.42 | 27.08 | 29.84 | 29.51 | 25.29 | 31.99 | 37.94 | 26.00 | 21.24 | 31.19 | 115.42 |
| P/S Ratio | 5.58 | 6.31 | 6.86 | 6.80 | 5.43 | 7.08 | 7.59 | 5.42 | 4.38 | 5.35 | 3.56 |
| P/B Ratio | 4.79 | 5.32 | 5.61 | 6.72 | 6.25 | 8.23 | 9.76 | 8.71 | 9.64 | 10.90 | 8.25 |
| P/FCF | 19.56 | 22.12 | 28.17 | 32.04 | 65.99 | 43.52 | 38.83 | 30.69 | 23.08 | 26.48 | 20.85 |
| P/OCF | 18.26 | 20.65 | 23.33 | 22.95 | 30.81 | 30.80 | 31.80 | 21.31 | 19.70 | 23.33 | 17.59 |
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 | — | 6.06 | 6.57 | 6.58 | 5.33 | 6.88 | 7.49 | 5.41 | 4.47 | 5.43 | 3.76 |
| EV / EBITDA | 16.59 | 18.87 | 21.13 | 20.04 | 17.87 | 23.15 | 27.71 | 18.87 | 15.27 | 19.73 | 30.80 |
| EV / EBIT | 19.51 | 21.04 | 23.44 | 23.54 | 19.83 | 26.36 | 32.03 | 21.26 | 17.39 | 22.05 | 16.32 |
| EV / FCF | — | 21.24 | 26.95 | 31.00 | 64.78 | 42.29 | 38.31 | 30.63 | 23.54 | 26.91 | 22.01 |
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 | 52.5% | 52.5% | 53.1% | 52.9% | 49.3% | 52.0% | 51.8% | 52.2% | 53.4% | 53.8% | 53.3% |
| Operating Margin | 27.3% | 27.3% | 27.0% | 29.5% | 26.7% | 26.7% | 23.7% | 25.8% | 26.4% | 24.4% | 8.6% |
| Net Profit Margin | 23.3% | 23.3% | 23.0% | 23.1% | 21.5% | 22.1% | 20.0% | 20.9% | 20.6% | 17.1% | 3.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.9% | 19.9% | 20.2% | 24.8% | 25.8% | 29.4% | 28.6% | 38.7% | 46.2% | 38.9% | 6.7% |
| ROA | 16.3% | 16.3% | 16.6% | 19.6% | 18.9% | 19.9% | 18.0% | 21.7% | 23.9% | 19.3% | 3.1% |
| ROIC | 22.6% | 22.6% | 23.2% | 28.7% | 29.0% | 32.8% | 27.6% | 33.4% | 37.4% | 32.0% | 9.3% |
| ROCE | 22.0% | 22.0% | 22.5% | 29.6% | 28.8% | 29.5% | 25.5% | 32.9% | 37.7% | 32.6% | 10.1% |
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 | 0.02 | 0.02 | 0.02 | 0.02 | 0.07 | 0.13 | 0.17 | 0.20 | 0.37 | 0.32 | 0.55 |
| Debt / EBITDA | 0.08 | 0.08 | 0.07 | 0.07 | 0.20 | 0.38 | 0.48 | 0.43 | 0.57 | 0.57 | 1.94 |
| Net Debt / Equity | — | -0.21 | -0.24 | -0.22 | -0.11 | -0.23 | -0.13 | -0.02 | 0.19 | 0.18 | 0.46 |
| Net Debt / EBITDA | -0.78 | -0.78 | -0.95 | -0.68 | -0.33 | -0.67 | -0.37 | -0.04 | 0.30 | 0.32 | 1.62 |
| Debt / FCF | — | -0.88 | -1.22 | -1.05 | -1.21 | -1.23 | -0.52 | -0.06 | 0.46 | 0.43 | 1.16 |
| Interest Coverage | 222.64 | 222.64 | 209.37 | 118.28 | 58.16 | 50.78 | 34.21 | 31.96 | 29.56 | 22.42 | 17.41 |
Net cash position: cash ($624M) exceeds total debt ($61M)
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 | 3.15 | 3.15 | 3.69 | 3.46 | 3.01 | 2.69 | 3.19 | 2.77 | 2.41 | 2.70 | 2.83 |
| Quick Ratio | 2.29 | 2.29 | 2.69 | 2.35 | 1.82 | 1.94 | 2.30 | 1.82 | 1.47 | 1.67 | 1.70 |
| Cash Ratio | 1.34 | 1.34 | 1.66 | 1.36 | 0.85 | 1.23 | 1.18 | 0.77 | 0.44 | 0.44 | 0.29 |
| Asset Turnover | — | 0.68 | 0.67 | 0.81 | 0.88 | 0.81 | 0.83 | 0.97 | 1.12 | 1.07 | 1.07 |
| Inventory Turnover | 2.65 | 2.65 | 2.45 | 2.36 | 2.28 | 2.49 | 2.78 | 2.88 | 2.71 | 2.85 | 3.08 |
| Days Sales Outstanding | — | 64.26 | 62.61 | 58.92 | 58.92 | 59.71 | 69.67 | 59.28 | 60.63 | 62.88 | 59.96 |
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 | 1.4% | 1.3% | 1.2% | 1.1% | 1.2% | 0.9% | 0.9% | 1.2% | 1.2% | 1.0% | 1.6% |
| Payout Ratio | 35.1% | 35.1% | 35.4% | 31.3% | 30.9% | 28.9% | 35.4% | 31.0% | 26.1% | 31.9% | 180.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.1% | 3.7% | 3.4% | 3.4% | 4.0% | 3.1% | 2.6% | 3.8% | 4.7% | 3.2% | 0.9% |
| FCF Yield | 5.1% | 4.5% | 3.5% | 3.1% | 1.5% | 2.3% | 2.6% | 3.3% | 4.3% | 3.8% | 4.8% |
| Buyback Yield | 3.4% | 3.0% | 0.2% | 0.7% | 2.0% | 0.0% | 0.8% | 0.1% | 3.4% | 1.1% | 1.1% |
| Total Shareholder Yield | 4.8% | 4.3% | 1.4% | 1.7% | 3.2% | 0.9% | 1.7% | 1.3% | 4.6% | 2.2% | 2.6% |
| Shares Outstanding | — | $169M | $172M | $172M | $173M | $175M | $172M | $172M | $173M | $174M | $171M |
Cyclical industrial demand volatility
According to current market data, GGG trades at a forward P/E of 24.44, which suggests investors are pricing in a quality premium relative to broader industrial peers, likely due to the company's consistent margin profile and its historical ability to compound earnings through diverse economic cycles.
The current valuation multiple appears to reflect a market consensus that GGG is a high-quality compounder rather than a standard cyclical machinery firm. While the PEG ratio of 2.50 may seem elevated, it likely accounts for the company's superior earnings stability and the defensive nature of its aftermarket revenue streams.
Based on reported financial figures, GGG maintains an ROIC trend that has historically hovered between 5% and 7% on a quarterly basis, which, when adjusted for the company's significant cash position, indicates a highly efficient deployment of capital within its core fluid-handling niches.
The company's ability to generate consistent returns without the use of significant leverage highlights the strength of its technical moat. Investors should monitor whether the recent uptick in goodwill impacts future ROIC, as maintaining these returns requires continued discipline in the company's bolt-on acquisition strategy.
As reported in recent financial statements, GGG's cash conversion cycle has fluctuated between 166 and 209 days, a trend largely driven by high inventory levels that appear necessary to support the company's extensive distribution network and ensure immediate parts availability for critical industrial end-users.
The elevated DIO suggests that the company prioritizes service levels and product availability over lean inventory management, which is a rational trade-off given the high cost of failure for its customers. This strategy appears to be a key component of the company's competitive advantage, though it does tie up significant working capital.
With a debt-to-equity ratio of 0.02% as of 2026Q1, GGG maintains a fortress-like balance sheet that provides substantial insulation against interest rate volatility, allowing the firm to navigate cyclical downturns without the burden of debt service obligations that often constrain its industrial peers.
The company's negligible leverage is a defining characteristic that supports its ability to sustain dividend growth and opportunistic share repurchases. This financial position suggests that GGG is well-positioned to pursue strategic investments or acquisitions should market conditions provide attractive entry points for high-quality assets.
The market frequently misapplies standard P/E multiples to GGG by treating it as a pure-play construction equipment firm, which obscures the high-margin, recurring nature of its industrial and process segments that provide a structural buffer against the volatility typically associated with the residential housing cycle.
Investors should consider using an adjusted EV/EBITDA metric that accounts for the company's excess cash, as the standard multiple may artificially inflate the perceived cost of the business. Focusing on the aftermarket revenue mix provides a more accurate assessment of the company's true earning power than headline cyclical growth metrics.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying GGG stock.
Graco Inc.'s current P/E ratio is 24.4x. The historical average is 24.8x. This places it at the 67th percentile of its historical range.
Graco Inc.'s current EV/EBITDA is 16.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.6x.
Graco Inc.'s return on equity (ROE) is 19.9%. The historical average is 44.0%.
Based on historical data, Graco Inc. is trading at a P/E of 24.4x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Graco Inc.'s current dividend yield is 1.44% with a payout ratio of 35.1%.
Graco Inc. has 52.5% gross margin and 27.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Graco Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.