Latest Ratios: P/E Ratio 52.4x · EV/EBITDA 12.5x · ROE 3.0%. (2000–2025 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 | $2.3B | $1.9B | $2.0B | $3.0B | $2.7B | $3.2B | $2.1B | $2.0B | $3.3B | $2.5B | $2.0B |
| Enterprise Value | $3.7B | $3.4B | $3.8B | $4.8B | $3.7B | $4.1B | $3.5B | $2.2B | $3.6B | $2.9B | $2.6B |
| P/E Ratio → | 52.43 | 44.33 | — | 5.20 | 12.71 | 12.89 | — | 16.08 | 43.58 | 19.72 | 17.88 |
| P/S Ratio | 0.85 | 0.72 | 0.61 | 1.05 | 1.15 | 1.43 | 0.83 | 1.08 | 1.89 | 1.56 | 1.31 |
| P/B Ratio | 1.59 | 1.34 | 1.34 | 1.78 | 2.39 | 2.61 | 1.93 | 2.54 | 4.48 | 3.25 | 3.12 |
| P/FCF | 126.31 | 106.95 | 17.20 | 3295.48 | 17.35 | 6.43 | 6.53 | 12.74 | 15.08 | 11.09 | 9.30 |
| P/OCF | 40.23 | 34.06 | 11.65 | 42.25 | 13.87 | 6.09 | 5.87 | 10.93 | 13.44 | 10.10 | 8.47 |
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 | — | 1.25 | 1.19 | 1.71 | 1.60 | 1.82 | 1.37 | 1.20 | 2.05 | 1.81 | 1.67 |
| EV / EBITDA | 12.54 | 11.36 | 9.52 | 11.48 | 10.15 | 12.40 | 10.34 | 8.08 | 12.52 | 10.51 | 10.24 |
| EV / EBIT | 23.63 | 36.39 | — | 16.37 | 14.06 | 14.55 | 58.62 | 10.66 | 21.35 | 13.52 | 13.60 |
| EV / FCF | — | 187.24 | 33.32 | 5356.92 | 24.29 | 8.17 | 10.83 | 14.18 | 16.38 | 12.87 | 11.87 |
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 | 33.7% | 33.7% | 33.2% | 33.6% | 33.0% | 32.7% | 32.3% | 34.5% | 36.3% | 37.2% | 37.1% |
| Operating Margin | 5.9% | 5.9% | 7.6% | 10.4% | 11.5% | 10.0% | 8.1% | 11.7% | 13.2% | 13.7% | 12.4% |
| Net Profit Margin | 1.6% | 1.6% | -6.6% | 20.2% | 9.0% | 11.1% | -2.4% | 6.7% | 4.3% | 7.9% | 7.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.0% | 3.0% | -13.5% | 41.1% | 17.9% | 21.6% | -6.5% | 16.0% | 10.1% | 17.9% | 18.0% |
| ROA | 0.9% | 0.9% | -3.9% | 12.1% | 5.3% | 6.2% | -1.9% | 5.9% | 4.0% | 6.4% | 6.0% |
| ROIC | 3.8% | 3.8% | 5.3% | 7.8% | 9.4% | 7.4% | 8.9% | 15.6% | 15.9% | 13.8% | 12.5% |
| ROCE | 4.2% | 4.2% | 5.8% | 8.4% | 9.3% | 7.4% | 8.5% | 14.2% | 16.8% | 14.7% | 13.0% |
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 | 1.12 | 1.12 | 1.40 | 1.26 | 1.17 | 1.07 | 1.55 | 0.80 | 0.46 | 0.61 | 0.94 |
| Debt / EBITDA | 5.43 | 5.43 | 5.10 | 4.99 | 3.53 | 4.00 | 5.01 | 2.30 | 1.19 | 1.70 | 2.42 |
| Net Debt / Equity | — | 1.01 | 1.26 | 1.12 | 0.96 | 0.71 | 1.27 | 0.29 | 0.39 | 0.52 | 0.86 |
| Net Debt / EBITDA | 4.87 | 4.87 | 4.60 | 4.42 | 2.90 | 2.65 | 4.11 | 0.82 | 1.00 | 1.46 | 2.21 |
| Debt / FCF | — | 80.28 | 16.12 | 2061.44 | 6.94 | 1.74 | 4.30 | 1.44 | 1.30 | 1.78 | 2.57 |
| Interest Coverage | 1.66 | 1.66 | 1.98 | 3.79 | 3.83 | 2.90 | 2.63 | 7.69 | 10.00 | 8.65 | 7.55 |
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 | 1.22 | 1.22 | 1.27 | 1.25 | 1.30 | 1.39 | 1.61 | 1.74 | 1.15 | 1.16 | 1.38 |
| Quick Ratio | 0.88 | 0.88 | 0.83 | 0.79 | 0.85 | 0.99 | 1.16 | 1.47 | 0.82 | 0.86 | 1.03 |
| Cash Ratio | 0.16 | 0.16 | 0.17 | 0.19 | 0.22 | 0.43 | 0.35 | 0.68 | 0.11 | 0.13 | 0.12 |
| Asset Turnover | — | 0.60 | 0.61 | 0.51 | 0.60 | 0.56 | 0.63 | 0.81 | 0.95 | 0.81 | 0.79 |
| Inventory Turnover | 5.15 | 5.15 | 4.05 | 3.17 | 3.20 | 3.67 | 4.42 | 7.51 | 6.54 | 6.59 | 6.32 |
| Days Sales Outstanding | — | 78.64 | 74.86 | 85.10 | 73.50 | 72.53 | 60.56 | 75.75 | 69.86 | 76.04 | 78.49 |
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 | 2.8% | 3.3% | 3.2% | 2.1% | 2.3% | 2.0% | 3.0% | 2.7% | 1.6% | 2.1% | 2.5% |
| Payout Ratio | 147.1% | 147.1% | — | 10.8% | 29.7% | 25.6% | — | 43.3% | 68.0% | 41.1% | 45.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.9% | 2.3% | — | 19.2% | 7.9% | 7.8% | — | 6.2% | 2.3% | 5.1% | 5.6% |
| FCF Yield | 0.8% | 0.9% | 5.8% | 0.0% | 5.8% | 15.6% | 15.3% | 7.8% | 6.6% | 9.0% | 10.7% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 7.7% | 3.8% | 0.0% | 0.0% | 1.8% | 1.1% | 1.1% |
| Total Shareholder Yield | 2.8% | 3.3% | 3.2% | 2.1% | 10.0% | 5.8% | 3.0% | 2.7% | 3.4% | 3.2% | 3.6% |
| Shares Outstanding | — | $71M | $70M | $70M | $72M | $75M | $73M | $63M | $64M | $64M | $64M |
Portfolio Transformation Execution Risk
According to recent market data, Hillenbrand trades at a trailing P/E of 52.43, which appears artificially inflated by non-recurring charges and the divestiture of the Batesville segment, while the forward P/E of 12.41 suggests investors are pricing in a significant recovery in core industrial earnings.
The wide disparity between trailing and forward multiples indicates that the market is currently looking past the recent earnings volatility to focus on the potential of the remaining APS and MTS segments. Investors should monitor whether the forward multiple is justified by sustainable margin expansion or if it reflects an overly optimistic outlook on the integration of recent acquisitions.
Based on reported financial figures, Hillenbrand's ROIC has remained suppressed, hovering near 0.9% in 2026Q1, which suggests that the company is currently failing to generate returns on invested capital that exceed its cost of capital following its aggressive acquisition-led portfolio transformation strategy.
The persistent low ROIC indicates that the capital deployed for recent acquisitions has yet to yield the expected operational synergies. This trend warrants further investigation into whether the company's asset base is bloated with goodwill that may require future impairment if the expected growth in food and recycling end-markets fails to materialize.
As reported in quarterly filings, the company's cash conversion cycle reached 193 days in 2026Q1, reflecting significant inefficiencies in managing inventory and receivables compared to historical norms, which complicates the company's ability to convert its project-based revenue into consistent, high-quality operating cash flow for shareholders.
The elevated CCC suggests that the company is carrying substantial inventory and facing extended collection periods, likely due to the long-cycle nature of its custom-engineered machinery projects. This inefficiency ties up critical liquidity and increases the company's sensitivity to supply chain disruptions and customer payment delays.
Based on the provided balance sheet data, the debt-to-EBITDA ratio of 24.58 in 2026Q1 highlights a strained leverage position, suggesting that the company's ability to service its debt obligations is currently under significant pressure compared to more conservatively capitalized peers in the industrial machinery sector.
The low interest coverage ratio of 1.71 indicates that the company has little margin for error in its debt service, especially given the volatility in its operating income. Investors should monitor whether management can deleverage the balance sheet through organic cash generation or if further asset sales will be required to stabilize the capital structure.
The P/E ratio is frequently misapplied to Hillenbrand, as it fails to account for the significant non-cash amortization and acquisition-related charges that currently depress net income, thereby providing a misleading picture of the company's underlying earning power and its true valuation relative to industrial peers.
Analysts should instead focus on EV/EBITDA or normalized free cash flow metrics to better assess the company's operational performance. Relying on P/E in the current context obscures the potential for margin improvement as integration costs subside and the company shifts toward a more stable, aftermarket-heavy revenue mix.
Includes 30+ ratios · 26 years · Updated daily
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Quick answers to the most common questions about buying HI stock.
Hillenbrand, Inc.'s current P/E ratio is 52.4x. The historical average is 18.4x. This places it at the 100th percentile of its historical range.
Hillenbrand, Inc.'s current EV/EBITDA is 12.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
Hillenbrand, Inc.'s return on equity (ROE) is 3.0%. The historical average is 20.6%.
Based on historical data, Hillenbrand, Inc. is trading at a P/E of 52.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Hillenbrand, Inc.'s current dividend yield is 2.80% with a payout ratio of 147.1%.
Hillenbrand, Inc. has 33.7% gross margin and 5.9% operating margin.
Hillenbrand, Inc.'s Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.