Latest Ratios: P/E Ratio 13.6x · EV/EBITDA 10.7x · ROE 17.1%. (1997–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $192M | $114M | $70M | $81M | $62M | $47M | $77M | $108M | $199M | $174M | $152M |
| Enterprise Value | $184M | $106M | $52M | $48M | $9M | $14M | $30M | $38M | $190M | $123M | $117M |
| P/E Ratio → | 13.64 | 7.74 | — | — | — | — | — | — | — | 49.58 | — |
| P/S Ratio | 1.21 | 0.72 | 0.46 | 0.57 | 0.67 | 0.40 | 0.25 | 0.49 | 1.16 | 0.61 | 0.50 |
| P/B Ratio | 2.16 | 1.23 | 0.89 | 0.79 | 0.60 | 0.38 | 0.51 | 0.54 | 0.91 | 0.66 | 0.59 |
| P/FCF | 14.88 | 8.84 | 16.23 | — | — | — | — | — | — | 23.07 | 32.98 |
| P/OCF | 10.52 | 6.25 | 9.74 | — | — | — | — | — | — | 12.14 | 14.28 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.66 | 0.34 | 0.34 | 0.10 | 0.12 | 0.10 | 0.17 | 1.11 | 0.43 | 0.38 |
| EV / EBITDA | 10.72 | 6.17 | — | 34.68 | — | — | — | — | — | 4.02 | — |
| EV / EBIT | 14.96 | 11.53 | — | — | — | — | — | — | — | 21.00 | — |
| EV / FCF | — | 8.20 | 12.02 | — | — | — | — | — | — | 16.29 | 25.40 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.0% | 14.0% | -7.9% | 5.5% | 1.8% | -6.7% | -5.4% | -3.3% | -25.1% | 8.7% | -5.0% |
| Operating Margin | 7.7% | 7.7% | -17.1% | -2.4% | -14.4% | -11.8% | -16.5% | -8.9% | -40.0% | 1.8% | -12.6% |
| Net Profit Margin | 9.3% | 9.3% | -16.2% | -2.4% | -23.7% | -23.3% | -16.3% | -9.2% | -26.2% | 1.2% | -8.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.1% | 17.1% | -26.9% | -3.2% | -19.4% | -19.8% | -27.9% | -9.7% | -18.6% | 1.4% | -9.3% |
| ROA | 11.3% | 11.3% | -18.5% | -2.5% | -11.9% | -11.2% | -19.3% | -7.7% | -15.1% | 1.1% | -7.1% |
| ROIC | 12.6% | 12.6% | -29.8% | -4.3% | -14.2% | -10.6% | -31.8% | -8.6% | -24.3% | 1.8% | -12.3% |
| ROCE | 11.7% | 11.7% | -25.5% | -3.3% | -11.4% | -9.7% | -28.0% | -9.3% | -26.9% | 1.8% | -12.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.20 | 0.20 | 0.25 | — | — | 0.08 | 0.02 | — | — | — | — |
| Debt / EBITDA | 1.11 | 1.11 | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.09 | -0.23 | -0.32 | -0.51 | -0.27 | -0.31 | -0.35 | -0.04 | -0.19 | -0.14 |
| Net Debt / EBITDA | -0.48 | -0.48 | — | -23.99 | — | — | — | — | — | -1.67 | — |
| Debt / FCF | — | -0.64 | -4.21 | — | — | — | — | — | — | -6.77 | -7.58 |
| Interest Coverage | — | — | — | — | -33.96 | -51.88 | — | -138.49 | -195.98 | 15.61 | -234.02 |
Net cash position: cash ($27M) exceeds total debt ($19M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.93 | 4.93 | 3.40 | 2.83 | 2.79 | 1.45 | 1.67 | 2.85 | 3.68 | 3.21 | 3.06 |
| Quick Ratio | 4.84 | 4.84 | 3.34 | 2.78 | 2.73 | 1.42 | 1.64 | 2.74 | 3.58 | 2.87 | 2.72 |
| Cash Ratio | 3.09 | 3.09 | 1.55 | 1.40 | 1.77 | 0.48 | 0.71 | 1.41 | 0.18 | 1.45 | 0.92 |
| Asset Turnover | — | 1.20 | 1.18 | 1.06 | 0.69 | 0.50 | 1.20 | 0.86 | 0.63 | 0.89 | 0.97 |
| Inventory Turnover | 71.81 | 71.81 | 78.65 | 84.07 | 51.60 | 58.23 | 119.43 | 37.52 | 43.37 | 21.84 | 24.84 |
| Days Sales Outstanding | — | 71.30 | 94.32 | 87.88 | 81.02 | 59.49 | 94.13 | 86.59 | 121.31 | 59.91 | 71.40 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | 0.3% | 0.3% | 3.9% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 16.7% | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.3% | 12.9% | — | — | — | — | — | — | — | 2.0% | — |
| FCF Yield | 6.7% | 11.3% | 6.2% | — | — | — | — | — | — | 4.3% | 3.0% |
| Buyback Yield | 0.6% | 1.1% | 0.2% | 0.0% | 0.0% | 0.2% | 0.0% | 0.7% | 0.5% | 0.1% | 0.1% |
| Total Shareholder Yield | 0.6% | 1.1% | 0.2% | 0.0% | 0.0% | 0.2% | 0.0% | 0.7% | 0.8% | 0.5% | 3.9% |
| Shares Outstanding | — | $17M | $16M | $16M | $16M | $15M | $15M | $15M | $15M | $15M | $14M |
Project backlog execution volatility
Based on recent financial data, GIFI trades at a P/E of 13.64, yet the forward P/E of 22.00 suggests that investors are pricing in significant earnings compression, likely reflecting the inherent volatility of the company's project-based revenue model compared to more stable industrial peers.
The valuation disconnect between trailing and forward multiples indicates that the market remains skeptical of the company's ability to maintain recent profitability levels. Given the reliance on lumpy, large-scale fabrication contracts, the current P/S of 1.21 appears to discount the firm's specialized waterfront infrastructure, potentially undervaluing the strategic moat provided by its Houma facility.
As reported in financial statements, ROIC has fluctuated wildly from a peak of 9.3% in 2023Q4 to a low of -39.2% in 2023Q3, illustrating that the company's ability to compound capital is currently hostage to the extreme variability of its project-based fabrication cycles.
The inconsistent ROIC trend suggests that management has yet to achieve a stable return profile following the shipyard divestiture. Investors should monitor whether the company can sustain positive returns above its cost of capital, as the current 1.1% ROIC in 2025Q3 remains insufficient to justify long-term capital reinvestment.
According to recent quarterly filings, the cash conversion cycle remains extended, reaching 215 days in 2025Q3, which highlights significant inefficiencies in managing receivables and payables relative to the company's historical performance and broader industrial sector benchmarks.
The exceptionally high DSO, which has frequently exceeded 300 days, suggests that GIFI lacks leverage over its client base, forcing the company to act as a de facto financier for its customers. This working capital drag necessitates a large cash buffer, as the firm cannot rely on rapid cash collection to fund its ongoing operational requirements.
Based on reported figures, GIFI maintains a conservative debt-to-equity ratio of 0.20%, which provides a significant safety margin but also raises concerns regarding the potential for cash drag on overall shareholder returns if capital remains idle on the balance sheet.
The minimal debt load is a clear strategic advantage in a high-interest-rate environment, shielding the company from the refinancing risks that plague more levered industrial competitors. However, the lack of debt utilization may indicate a lack of immediate, high-return investment opportunities, warranting further investigation into management's long-term capital allocation strategy.
The P/E ratio is frequently misapplied to GIFI, as it obscures the massive impact of non-recurring items and percentage-of-completion accounting adjustments that frequently distort the company's true underlying earnings power in any given quarter.
Analysts should prioritize EV/EBITDA or FCF-based metrics to better capture the company's operational reality, as the P/E ratio is heavily influenced by the shipyard divestiture and other one-time accounting gains. Relying on P/E risks misinterpreting a temporary accounting windfall as a sustainable improvement in core fabrication profitability.
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying GIFI stock.
Gulf Island Fabrication, Inc.'s current P/E ratio is 13.6x. The historical average is 23.1x. This places it at the 22th percentile of its historical range.
Gulf Island Fabrication, Inc.'s current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.5x.
Gulf Island Fabrication, Inc.'s return on equity (ROE) is 17.1%. The historical average is 2.2%.
Based on historical data, Gulf Island Fabrication, Inc. is trading at a P/E of 13.6x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Gulf Island Fabrication, Inc. has 14.0% gross margin and 7.7% operating margin.
Gulf Island Fabrication, Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.