Latest Ratios: P/E Ratio 13.8x · EV/EBITDA 8.4x · ROE 15.5%. (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 | $5.1B | $5.1B | $6.5B | $7.5B | $6.3B | $8.2B | $8.3B | $7.3B | $5.5B | $6.0B | $5.7B |
| Enterprise Value | $5.0B | $5.0B | $6.3B | $7.3B | $6.1B | $8.0B | $7.8B | $7.0B | $5.2B | $5.5B | $5.4B |
| P/E Ratio → | 13.82 | 13.37 | 16.32 | 17.75 | 20.05 | 23.23 | 24.06 | 17.46 | 12.48 | 14.86 | 16.55 |
| P/S Ratio | 2.02 | 2.02 | 2.81 | 3.26 | 3.29 | 4.76 | 4.90 | 3.95 | 2.97 | 3.36 | 3.41 |
| P/B Ratio | 2.12 | 2.05 | 2.63 | 3.24 | 3.05 | 4.25 | 4.21 | 3.79 | 2.93 | 2.95 | 3.00 |
| P/FCF | 11.18 | 11.15 | 18.37 | 21.22 | 32.88 | 28.11 | 20.03 | 17.42 | 11.69 | 15.21 | 16.35 |
| P/OCF | 8.72 | 8.70 | 13.03 | 13.96 | 18.64 | 22.77 | 17.80 | 14.51 | 9.87 | 12.05 | 12.16 |
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 | — | 1.96 | 2.71 | 3.16 | 3.17 | 4.61 | 4.65 | 3.79 | 2.86 | 3.09 | 3.20 |
| EV / EBITDA | 8.43 | 8.41 | 11.29 | 12.35 | 13.05 | 15.69 | 15.56 | 11.87 | 8.58 | 8.90 | 8.95 |
| EV / EBIT | 10.25 | 10.77 | 13.36 | 14.41 | 16.46 | 19.17 | 19.63 | 14.42 | 10.31 | 10.60 | 10.49 |
| EV / FCF | — | 10.84 | 17.71 | 20.58 | 31.74 | 27.22 | 19.00 | 16.72 | 11.23 | 13.97 | 15.32 |
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 | 34.2% | 34.2% | 33.3% | 33.2% | 31.8% | 35.8% | 35.9% | 37.0% | 37.6% | 38.7% | 39.8% |
| Operating Margin | 19.2% | 19.2% | 19.9% | 21.6% | 19.3% | 23.7% | 23.7% | 26.3% | 27.7% | 29.2% | 30.5% |
| Net Profit Margin | 15.2% | 15.2% | 17.5% | 18.6% | 16.6% | 20.8% | 20.6% | 22.8% | 23.9% | 22.7% | 20.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.5% | 15.5% | 16.9% | 19.6% | 15.9% | 18.5% | 17.8% | 22.4% | 22.4% | 20.5% | 19.1% |
| ROA | 13.5% | 13.5% | 14.9% | 16.9% | 14.1% | 16.6% | 15.8% | 19.9% | 19.7% | 17.5% | 15.6% |
| ROIC | 15.9% | 15.9% | 15.9% | 18.9% | 15.8% | 19.1% | 18.8% | 22.3% | 25.0% | 28.3% | 27.6% |
| ROCE | 19.2% | 19.2% | 18.7% | 21.8% | 18.1% | 20.5% | 19.7% | 24.9% | 25.3% | 24.5% | 24.5% |
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 | 0.00 | 0.00 | — | — | — | — | — | — | — | 0.04 | 0.10 |
| Debt / EBITDA | 0.01 | 0.01 | — | — | — | — | — | — | — | 0.13 | 0.31 |
| Net Debt / Equity | — | -0.06 | -0.09 | -0.10 | -0.11 | -0.14 | -0.22 | -0.15 | -0.12 | -0.24 | -0.19 |
| Net Debt / EBITDA | -0.24 | -0.24 | -0.42 | -0.38 | -0.47 | -0.52 | -0.84 | -0.50 | -0.36 | -0.79 | -0.60 |
| Debt / FCF | — | -0.31 | -0.66 | -0.64 | -1.14 | -0.89 | -1.03 | -0.70 | -0.47 | -1.24 | -1.03 |
| Interest Coverage | — | — | — | — | — | — | 665.93 | — | — | — | — |
Net cash position: cash ($146M) exceeds total debt ($4M)
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 | 2.91 | 2.91 | 4.11 | 3.67 | 3.79 | 4.81 | 5.51 | 5.53 | 5.03 | 4.86 | 7.71 |
| Quick Ratio | 1.58 | 1.58 | 2.38 | 2.19 | 2.17 | 3.06 | 4.24 | 4.08 | 3.70 | 3.97 | 6.44 |
| Cash Ratio | 0.39 | 0.39 | 1.01 | 0.89 | 0.96 | 1.47 | 2.53 | 2.54 | 2.28 | 2.96 | 4.83 |
| Asset Turnover | — | 0.87 | 0.84 | 0.86 | 0.80 | 0.81 | 0.76 | 0.85 | 0.88 | 0.76 | 0.73 |
| Inventory Turnover | 3.23 | 3.23 | 3.53 | 3.82 | 3.24 | 3.51 | 4.78 | 4.70 | 5.08 | 5.08 | 5.34 |
| Days Sales Outstanding | — | 53.08 | 46.60 | 51.09 | 52.59 | 52.67 | 61.60 | 46.22 | 42.50 | 47.00 | 46.00 |
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 | 2.0% | 2.1% | 1.7% | 1.5% | 1.8% | 1.4% | 1.4% | 1.6% | 2.1% | 1.8% | 1.8% |
| Payout Ratio | 27.8% | 27.8% | 27.3% | 26.2% | 35.5% | 32.0% | 33.7% | 27.4% | 26.6% | 26.7% | 29.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 7.5% | 6.1% | 5.6% | 5.0% | 4.3% | 4.2% | 5.7% | 8.0% | 6.7% | 6.0% |
| FCF Yield | 8.9% | 9.0% | 5.4% | 4.7% | 3.0% | 3.6% | 5.0% | 5.7% | 8.6% | 6.6% | 6.1% |
| Buyback Yield | 6.2% | 6.2% | 3.2% | 2.0% | 1.8% | 3.9% | 3.5% | 4.5% | 10.8% | 3.8% | 2.9% |
| Total Shareholder Yield | 8.2% | 8.3% | 4.9% | 3.5% | 3.6% | 5.3% | 4.9% | 6.1% | 13.0% | 5.6% | 4.6% |
| Shares Outstanding | — | $220M | $226M | $230M | $231M | $237M | $244M | $253M | $270M | $288M | $291M |
Automotive production volume sensitivity
According to current market data, GNTX trades at a forward P/E of 12.89, which appears to command a premium relative to traditional auto parts peers, suggesting investors are pricing in the company's specialized chemical intellectual property rather than treating it as a standard hardware manufacturing entity.
The valuation multiple reflects a market consensus that Gentex operates with higher barriers to entry than typical Tier 1 suppliers. However, the PEG ratio of 3.43 warrants caution, as it implies that current growth expectations may be aggressive relative to the cyclical nature of global light vehicle production.
Based on reported financial figures, Gentex has maintained a consistent ROIC profile near 4% over the last ten quarters, indicating that while the company is not aggressively compounding returns, it remains highly efficient in deploying capital within its specialized, vertically integrated manufacturing framework.
The stability of these returns suggests that management is successfully balancing heavy R&D investment with disciplined capital allocation. Investors should monitor whether future investments in digital vision systems can drive a meaningful expansion in these returns, or if the capital-intensive nature of the business will continue to anchor performance.
As reported in recent quarterly filings, Gentex's cash conversion cycle has fluctuated between 103 and 123 days, reflecting the inherent complexities of managing inventory in a supply-chain-sensitive environment while maintaining strong leverage over customer payment terms and supplier relationships.
The relatively high days inventory outstanding, which peaked at 112 days in 2024Q4, suggests a strategic decision to hold safety stock to mitigate potential automotive production disruptions. This approach appears to prioritize operational continuity over absolute working capital optimization, which is a prudent trade-off given the company's zero-debt status.
As evidenced by the company's financial records, Gentex maintains a debt-to-equity ratio of effectively 0.00, a structural advantage that distinguishes it from more levered peers like Magna International and provides significant flexibility to navigate cyclical downturns without the burden of interest expense.
This lack of leverage is a core component of the company's risk profile, allowing it to sustain R&D and share buyback programs even when automotive build rates decline. The absence of interest coverage concerns suggests that the company is well-positioned to weather prolonged periods of industry-wide volatility.
Investors frequently misapply standard EV/EBITDA multiples used for commodity auto parts manufacturers to Gentex, which obscures the company's unique software-like margins derived from proprietary electrochromic chemical formulations and high-volume thin-film coating processes that are not present in the broader peer group.
Relying solely on these multiples fails to account for the durability of the company's 34% gross margins, which are structurally superior to those of traditional hardware-focused suppliers. A more appropriate analysis would involve adjusting for the company's R&D-heavy business model and its distinct lack of financial leverage.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying GNTX stock.
Gentex Corporation's current P/E ratio is 13.8x. The historical average is 22.9x. This places it at the 7th percentile of its historical range.
Gentex Corporation's current EV/EBITDA is 8.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.6x.
Gentex Corporation's return on equity (ROE) is 15.5%. The historical average is 17.8%.
Based on historical data, Gentex Corporation is trading at a P/E of 13.8x. This is at the 7th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Gentex Corporation's current dividend yield is 2.03% with a payout ratio of 27.8%.
Gentex Corporation has 34.2% gross margin and 19.2% operating margin. Operating margin between 10-20% is typical for established companies.
Gentex Corporation's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.