Latest Ratios: P/E Ratio 29.0x · EV/EBITDA 20.3x · ROE 24.8%. (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 | $25.5B | $23.8B | $22.6B | $17.8B | $12.7B | $11.4B | $8.5B | $8.1B | $5.5B | $7.5B | $6.5B |
| Enterprise Value | $27.6B | $25.9B | $24.0B | $19.7B | $13.8B | $12.6B | $10.0B | $9.6B | $7.1B | $8.1B | $7.1B |
| P/E Ratio → | 28.95 | 26.85 | 29.15 | 23.43 | 24.89 | 28.61 | 24.42 | 20.25 | 15.14 | 30.83 | 22.27 |
| P/S Ratio | 4.36 | 4.07 | 4.02 | 3.31 | 2.57 | 2.72 | 2.32 | 2.05 | 1.22 | 2.03 | 1.85 |
| P/B Ratio | 6.65 | 6.17 | 6.89 | 6.15 | 5.36 | 5.08 | 4.10 | 4.12 | 3.03 | 4.53 | 4.05 |
| P/FCF | 29.11 | 27.20 | 27.90 | 24.84 | 27.97 | 25.12 | 15.27 | 16.25 | 12.96 | 24.92 | 19.64 |
| P/OCF | 24.72 | 23.10 | 22.82 | 20.17 | 21.77 | 20.95 | 13.19 | 13.67 | 10.55 | 19.68 | 16.32 |
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 | — | 4.43 | 4.27 | 3.67 | 2.79 | 3.01 | 2.71 | 2.43 | 1.57 | 2.22 | 2.01 |
| EV / EBITDA | 20.25 | 19.03 | 18.42 | 16.59 | 16.11 | 18.55 | 15.62 | 14.41 | 10.01 | 13.19 | 12.15 |
| EV / EBIT | 22.66 | 21.60 | 22.25 | 19.33 | 19.55 | 24.59 | 20.59 | 17.81 | 13.08 | 16.68 | 14.89 |
| EV / FCF | — | 29.63 | 29.61 | 27.57 | 30.43 | 27.86 | 17.83 | 19.24 | 16.77 | 27.19 | 21.32 |
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 | 35.5% | 35.5% | 33.8% | 35.1% | 29.7% | 27.5% | 29.5% | 29.7% | 29.0% | 31.5% | 31.5% |
| Operating Margin | 20.8% | 20.8% | 19.4% | 19.3% | 14.3% | 12.7% | 13.4% | 13.3% | 12.4% | 14.1% | 14.0% |
| Net Profit Margin | 15.2% | 15.2% | 13.8% | 14.1% | 11.0% | 9.5% | 9.5% | 9.2% | 8.0% | 6.6% | 8.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.8% | 24.8% | 25.2% | 28.9% | 23.7% | 18.5% | 17.4% | 19.2% | 20.9% | 15.0% | 17.5% |
| ROA | 11.9% | 11.9% | 11.4% | 12.3% | 10.2% | 7.7% | 7.0% | 7.4% | 8.4% | 6.7% | 8.7% |
| ROIC | 17.1% | 17.1% | 17.2% | 18.7% | 15.3% | 11.4% | 10.6% | 11.5% | 14.6% | 17.3% | 17.5% |
| ROCE | 20.1% | 20.1% | 19.9% | 21.0% | 16.6% | 12.7% | 12.1% | 13.0% | 15.8% | 17.4% | 17.7% |
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 | 0.68 | 0.68 | 0.52 | 0.79 | 0.66 | 0.68 | 0.81 | 0.85 | 1.00 | 0.64 | 0.62 |
| Debt / EBITDA | 1.92 | 1.92 | 1.32 | 1.93 | 1.82 | 2.25 | 2.65 | 2.52 | 2.54 | 1.71 | 1.71 |
| Net Debt / Equity | — | 0.55 | 0.42 | 0.68 | 0.47 | 0.56 | 0.69 | 0.76 | 0.89 | 0.41 | 0.35 |
| Net Debt / EBITDA | 1.56 | 1.56 | 1.07 | 1.64 | 1.30 | 1.83 | 2.24 | 2.24 | 2.27 | 1.10 | 0.96 |
| Debt / FCF | — | 2.43 | 1.71 | 2.73 | 2.46 | 2.74 | 2.56 | 3.00 | 3.81 | 2.27 | 1.68 |
| Interest Coverage | 18.71 | 18.71 | 14.62 | 27.79 | 14.25 | 9.40 | 8.06 | 7.84 | 7.45 | 10.87 | 10.92 |
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 | 1.72 | 1.72 | 1.64 | 1.64 | 1.86 | 1.76 | 1.67 | 1.86 | 1.96 | 2.27 | 2.63 |
| Quick Ratio | 1.00 | 1.00 | 0.98 | 1.01 | 1.18 | 1.14 | 1.12 | 1.11 | 1.18 | 1.37 | 1.73 |
| Cash Ratio | 0.33 | 0.33 | 0.27 | 0.26 | 0.42 | 0.28 | 0.28 | 0.23 | 0.24 | 0.55 | 0.76 |
| Asset Turnover | — | 0.71 | 0.84 | 0.78 | 0.92 | 0.79 | 0.72 | 0.80 | 0.92 | 0.99 | 0.99 |
| Inventory Turnover | 3.48 | 3.48 | 4.42 | 4.18 | 4.69 | 4.60 | 4.93 | 4.38 | 4.89 | 3.96 | 4.51 |
| Days Sales Outstanding | — | 53.51 | 49.03 | 53.35 | 54.71 | 58.77 | 54.84 | 63.17 | 61.21 | 55.65 | 56.76 |
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 | 1.1% | 1.2% | 1.2% | 1.4% | 1.8% | 1.9% | 2.4% | 2.3% | 3.2% | 2.1% | 2.2% |
| Payout Ratio | 32.3% | 32.3% | 34.4% | 32.3% | 42.1% | 54.3% | 57.3% | 51.6% | 47.8% | 64.8% | 49.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.5% | 3.7% | 3.4% | 4.3% | 4.0% | 3.5% | 4.1% | 4.9% | 6.6% | 3.2% | 4.5% |
| FCF Yield | 3.4% | 3.7% | 3.6% | 4.0% | 3.6% | 4.0% | 6.5% | 6.2% | 7.7% | 4.0% | 5.1% |
| Buyback Yield | 0.9% | 0.9% | 0.2% | 0.2% | 1.4% | 0.1% | 0.5% | 0.4% | 0.7% | 1.2% | 3.8% |
| Total Shareholder Yield | 2.0% | 2.2% | 1.4% | 1.6% | 3.2% | 2.0% | 2.8% | 2.7% | 3.9% | 3.4% | 6.0% |
| Shares Outstanding | — | $54M | $54M | $54M | $54M | $55M | $55M | $55M | $55M | $55M | $56M |
Non-residential construction cyclicality
According to current market data, Hubbell trades at a P/E of 31.26, which appears to price in a significant growth premium relative to traditional industrial peers, suggesting investors are increasingly valuing the company as a critical infrastructure technology provider rather than a cyclical electrical hardware manufacturer.
The forward P/E of 26.13 implies that the market expects sustained earnings growth driven by utility infrastructure mandates, yet this valuation remains sensitive to any deceleration in non-residential construction. Investors should monitor whether this multiple expansion is justified by long-term recurring revenue potential from smart-grid software or if it represents a temporary overvaluation based on cyclical peak earnings.
Based on reported financial statements, Hubbell's ROIC has fluctuated between 3.3% and 5.0% over the last ten quarters, a trend that suggests the company's aggressive inorganic growth strategy may be diluting the efficiency of capital deployment compared to more organic-focused industrial competitors.
The persistent gap between ROIC and the company's cost of capital warrants further investigation into whether recent acquisitions are generating sufficient synergies to justify their purchase price. While the company maintains a strong competitive moat, the current return profile indicates that management must improve the integration of acquired assets to drive meaningful value creation for shareholders.
As reported in recent filings, Hubbell's cash conversion cycle has widened to 101 days in 2026Q1, a trend that highlights the operational challenges of managing inventory and receivables across complex, project-based utility infrastructure deployments compared to the company's historical performance in more transactional electrical markets.
The increase in the cash conversion cycle suggests that the company is carrying higher inventory levels, likely to mitigate supply chain risks or support large-scale utility rollouts. This trend warrants monitoring, as prolonged working capital cycles can exert significant pressure on free cash flow generation during periods of economic uncertainty.
Based on the latest quarterly data, Hubbell maintains a debt-to-equity ratio of 0.68, which appears exceptionally healthy and provides the company with a significant balance sheet buffer to navigate potential cyclical downturns or pursue opportunistic M&A in the fragmented electrical equipment sector.
The interest coverage ratio, which remains robust at 11.99x as of 2026Q1, indicates that the company faces minimal risk regarding its debt service obligations. This financial strength suggests that Hubbell is well-positioned to maintain its dividend and capital investment programs even if the broader industrial environment experiences a sustained period of contraction.
The P/E ratio is frequently misapplied to Hubbell's business model, as it fails to account for the lumpy nature of utility project revenue and the significant impact of acquisition-related amortization on reported net income, which often obscures the company's underlying cash-generating capacity.
Investors should prioritize EV/EBITDA or P/FCF metrics to better assess the company's operational performance, as these ratios are less distorted by non-cash accounting charges and the timing of large-scale infrastructure contracts. Relying solely on P/E may lead to an inaccurate assessment of the company's valuation during periods of heavy investment or integration.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying HUBB stock.
Hubbell Incorporated's current P/E ratio is 29.0x. The historical average is 20.6x. This places it at the 90th percentile of its historical range.
Hubbell Incorporated's current EV/EBITDA is 20.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
Hubbell Incorporated's return on equity (ROE) is 24.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 18.1%.
Based on historical data, Hubbell Incorporated is trading at a P/E of 29.0x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Hubbell Incorporated's current dividend yield is 1.12% with a payout ratio of 32.3%.
Hubbell Incorporated has 35.5% gross margin and 20.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Hubbell Incorporated's Debt/EBITDA ratio is 1.9x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.