Latest Ratios: P/E Ratio 19.5x · EV/EBITDA 4.2x · ROE 8.2%. (2013–2025 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 | $6.3B | $5.2B | $4.4B | — | — | — | — | — | — | — | — |
| Enterprise Value | $5.3B | $4.3B | $7.3B | — | — | — | — | — | — | — | — |
| P/E Ratio → | 19.53 | 15.92 | 16.60 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.12 | 0.10 | 0.09 | — | — | — | — | — | — | — | — |
| P/B Ratio | 1.50 | 1.23 | 1.18 | — | — | — | — | — | — | — | — |
| P/FCF | 8.01 | 6.63 | 23.03 | — | — | — | — | — | — | — | — |
| P/OCF | 6.86 | 5.69 | 13.19 | — | — | — | — | — | — | — | — |
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 | — | 0.08 | 0.15 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 4.22 | 3.37 | 6.43 | — | — | — | — | — | — | — | — |
| EV / EBIT | 5.69 | 4.54 | 9.31 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 5.41 | 38.19 | — | — | — | — | — | — | — | — |
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 | 6.7% | 6.7% | 7.2% | 7.4% | 7.3% | 7.5% | 7.3% | 7.1% | 6.3% | 6.3% | 6.8% |
| Operating Margin | 1.8% | 1.8% | 1.7% | 2.0% | 6.4% | 1.6% | 1.8% | 1.5% | 1.1% | 0.9% | 0.7% |
| Net Profit Margin | 0.6% | 0.6% | 0.6% | 0.7% | 4.7% | 0.9% | 1.3% | 1.1% | 0.7% | 0.4% | 0.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.2% | 8.2% | 7.3% | 10.7% | 83.3% | 12.3% | 13.2% | 11.1% | 8.1% | 4.7% | 2.5% |
| ROA | 1.6% | 1.6% | 1.4% | 1.9% | 12.3% | 2.5% | 3.9% | 3.3% | 2.3% | 1.4% | 0.8% |
| ROIC | 14.2% | 14.2% | 9.0% | 10.5% | 37.1% | 10.8% | 12.5% | 9.7% | 7.4% | 5.8% | 4.6% |
| ROCE | 12.5% | 12.5% | 10.7% | 12.2% | 41.7% | 11.8% | 14.0% | 11.6% | 8.8% | 7.0% | 5.4% |
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 | 0.21 | 0.21 | 1.02 | 1.25 | 1.56 | 1.91 | 0.31 | 0.32 | 0.34 | 0.49 | 0.34 |
| Debt / EBITDA | 0.72 | 0.72 | 3.36 | 3.55 | 1.35 | 4.75 | 1.27 | 1.66 | 1.96 | 3.45 | 2.89 |
| Net Debt / Equity | — | -0.22 | 0.78 | 0.98 | 1.13 | 1.46 | 0.03 | 0.17 | 0.22 | 0.36 | 0.14 |
| Net Debt / EBITDA | -0.76 | -0.76 | 2.55 | 2.79 | 0.98 | 3.62 | 0.13 | 0.91 | 1.26 | 2.55 | 1.24 |
| Debt / FCF | — | -1.22 | 15.16 | — | — | — | 0.12 | 2.06 | 1.24 | — | — |
| Interest Coverage | 3.09 | 3.09 | 2.32 | 2.37 | 9.79 | 3.10 | 10.66 | 6.49 | 6.88 | 6.04 | 6.94 |
Net cash position: cash ($1.9B) exceeds total debt ($909M)
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 | 1.33 | 1.33 | 1.40 | 1.44 | 1.43 | 1.39 | 1.36 | 1.45 | 1.40 | 1.51 | 1.37 |
| Quick Ratio | 0.97 | 0.97 | 0.98 | 1.00 | 0.96 | 0.95 | 0.94 | 1.00 | 0.93 | 1.00 | 0.92 |
| Cash Ratio | 0.14 | 0.14 | 0.08 | 0.09 | 0.12 | 0.10 | 0.13 | 0.07 | 0.06 | 0.06 | 0.09 |
| Asset Turnover | — | 2.47 | 2.56 | 2.61 | 2.66 | 2.75 | 2.77 | 3.05 | 3.26 | 3.04 | 3.06 |
| Inventory Turnover | 9.87 | 9.87 | 9.48 | 9.55 | 8.80 | 9.52 | 9.80 | 10.46 | 10.48 | 9.78 | 10.01 |
| Days Sales Outstanding | — | 73.25 | 71.87 | 68.29 | 63.08 | 57.11 | 63.03 | 61.13 | 56.14 | 59.64 | 55.32 |
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 | 1.2% | 1.5% | 0.1% | — | — | — | — | — | — | — | — |
| Payout Ratio | 23.9% | 23.9% | 2.3% | 3.0% | 73.2% | 90.6% | 56.2% | 49.4% | 51.8% | 53.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.1% | 6.3% | 6.0% | — | — | — | — | — | — | — | — |
| FCF Yield | 12.5% | 15.1% | 4.3% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.1% | 0.8% | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.3% | 1.6% | 1.0% | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $235M | $225M | $235M | $235M | $235M | $235M | $235M | $0 | $0 | $0 |
Working capital cycle volatility
Based on reported figures, Ingram Micro trades at a forward P/E of 8.40, which significantly discounts the company relative to peers like TD SYNNEX and Avnet, suggesting that investors remain wary of the firm's ability to sustain long-term margin expansion in a commoditized distribution environment.
The valuation gap between Ingram Micro and its peers suggests the market views the company as a traditional hardware wholesaler rather than a platform-enabled service provider. While the low forward EV/EBITDA of 3.00 may appear attractive, it likely reflects a consensus expectation that the current revenue growth is cyclical rather than structural.
According to recent financial statements, Ingram Micro's ROIC has struggled to exceed 6.2% over the last ten quarters, indicating that the company's massive asset base generates modest returns that barely clear the typical cost of capital for a large-scale industrial technology distributor.
The persistent gap between ROIC and the company's historical performance suggests that the capital-intensive nature of global logistics continues to weigh on returns. Investors should monitor whether the Xvantage platform can eventually drive higher asset turnover, which is currently the primary bottleneck for improving capital efficiency.
As reported in quarterly filings, the cash conversion cycle has fluctuated between 23 and 33 days, highlighting the company's reliance on managing the delicate balance between DSO and DPO to maintain liquidity without resorting to excessive external financing for its high-volume operations.
The ability to maintain a DPO that consistently exceeds DSO is a critical indicator of Ingram Micro's leverage over its supply chain partners. Any sustained compression in this spread would likely necessitate a higher reliance on debt, potentially reversing the recent deleveraging trend observed on the balance sheet.
Based on the provided data, Ingram Micro has successfully reduced its debt-to-equity ratio to 0.30 as of 2026Q1, a marked improvement from the 1.27 level seen in 2024Q1, which significantly lowers the firm's interest coverage risk in a volatile macroeconomic environment.
This aggressive reduction in leverage suggests a strategic pivot toward balance sheet preservation, likely intended to provide a buffer against the inherent volatility of the IT hardware cycle. The improved interest coverage ratio warrants further investigation into whether this capital will be deployed for strategic M&A or returned to shareholders.
Investors frequently misapply the Price-to-Sales ratio to Ingram Micro, as reported in financial statements, because it fails to account for the gross-versus-net accounting treatment of cloud and software revenue, which can artificially inflate top-line figures while masking the underlying profitability of the business model.
Relying on P/S ignores the fact that a significant portion of revenue is pass-through, making the metric a poor proxy for true economic value creation. A more appropriate focus would be on operating margin trends and the growth of high-margin service fees, which are better indicators of the company's transition toward a platform-based model.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying INGM stock.
Ingram Micro Holding Corporation's current P/E ratio is 19.5x. The historical average is 16.3x. This places it at the 100th percentile of its historical range.
Ingram Micro Holding Corporation's current EV/EBITDA is 4.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.9x.
Ingram Micro Holding Corporation's return on equity (ROE) is 8.2%. The historical average is 13.9%.
Based on historical data, Ingram Micro Holding Corporation is trading at a P/E of 19.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Ingram Micro Holding Corporation's current dividend yield is 1.23% with a payout ratio of 23.9%.
Ingram Micro Holding Corporation has 6.7% gross margin and 1.8% operating margin.
Ingram Micro Holding Corporation's Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.