Latest Ratios: P/E Ratio -145.5x · EV/EBITDA 80.0x · ROE -3.0%. (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 | $10.7B | $6.5B | $5.9B | $6.7B | $5.5B | $7.8B | $6.3B | $4.7B | $4.3B | $4.5B | $3.4B |
| Enterprise Value | $11.1B | $6.9B | $6.1B | $7.1B | $6.0B | $8.0B | $6.3B | $4.9B | $4.5B | $4.6B | $3.6B |
| P/E Ratio → | -145.52 | — | 59.26 | 25.88 | 14.74 | 27.65 | 48.14 | 34.16 | 26.30 | 37.97 | 32.99 |
| P/S Ratio | 4.47 | 2.74 | 2.71 | 2.84 | 2.19 | 3.77 | 4.33 | 3.16 | 2.52 | 3.71 | 3.27 |
| P/B Ratio | 4.33 | 2.69 | 2.46 | 2.71 | 2.49 | 4.14 | 3.89 | 3.17 | 2.93 | 4.89 | 4.23 |
| P/FCF | 29.15 | 17.83 | 20.34 | 18.09 | 17.45 | 27.74 | 31.03 | 25.88 | 16.83 | 22.32 | 25.76 |
| P/OCF | 24.60 | 15.05 | 16.15 | 14.68 | 13.11 | 21.01 | 24.27 | 19.35 | 13.04 | 16.85 | 19.15 |
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 | — | 2.90 | 2.80 | 3.00 | 2.39 | 3.86 | 4.35 | 3.27 | 2.64 | 3.77 | 3.44 |
| EV / EBITDA | 80.04 | 50.04 | 21.23 | 14.24 | 9.65 | 16.59 | 24.30 | 17.25 | 13.81 | 16.35 | 19.74 |
| EV / EBIT | 294.58 | 182.32 | 32.22 | 19.25 | 12.78 | 22.35 | 34.45 | 26.15 | 19.92 | 21.17 | 27.51 |
| EV / FCF | — | 18.88 | 21.05 | 19.11 | 19.02 | 28.42 | 31.12 | 26.82 | 17.63 | 22.64 | 27.10 |
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 | 38.0% | 38.0% | 35.9% | 38.1% | 40.1% | 37.1% | 34.7% | 36.3% | 38.0% | 41.5% | 39.1% |
| Operating Margin | 1.6% | 1.6% | 7.2% | 15.3% | 19.9% | 18.5% | 11.2% | 12.8% | 13.1% | 17.9% | 12.4% |
| Net Profit Margin | -3.0% | -3.0% | 4.6% | 11.0% | 14.8% | 13.6% | 9.0% | 9.2% | 9.6% | 9.8% | 9.9% |
| 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% | 4.1% | 11.1% | 18.2% | 16.2% | 8.4% | 9.4% | 13.7% | 13.7% | 13.4% |
| ROA | -1.8% | -1.8% | 2.5% | 6.6% | 10.6% | 9.6% | 4.9% | 5.4% | 7.6% | 7.4% | 8.2% |
| ROIC | 1.0% | 1.0% | 4.3% | 9.7% | 15.7% | 15.6% | 7.4% | 8.6% | 12.6% | 16.5% | 12.4% |
| ROCE | 1.1% | 1.1% | 4.5% | 10.4% | 16.6% | 14.9% | 6.8% | 8.3% | 11.7% | 15.5% | 12.1% |
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 | 0.39 | 0.39 | 0.39 | 0.38 | 0.48 | 0.35 | 0.44 | 0.47 | 0.47 | 0.53 | 0.56 |
| Debt / EBITDA | 6.85 | 6.85 | 3.22 | 1.87 | 1.71 | 1.38 | 2.73 | 2.47 | 2.12 | 1.76 | 2.47 |
| Net Debt / Equity | — | 0.16 | 0.09 | 0.15 | 0.22 | 0.10 | 0.01 | 0.12 | 0.14 | 0.07 | 0.22 |
| Net Debt / EBITDA | 2.77 | 2.77 | 0.71 | 0.76 | 0.80 | 0.39 | 0.07 | 0.60 | 0.62 | 0.23 | 0.97 |
| Debt / FCF | — | 1.05 | 0.70 | 1.02 | 1.58 | 0.67 | 0.10 | 0.94 | 0.80 | 0.32 | 1.34 |
| Interest Coverage | 1.11 | 1.11 | 4.92 | 9.24 | 17.90 | 19.41 | 8.65 | 8.45 | 10.08 | 16.25 | 15.29 |
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 | 2.69 | 2.69 | 3.58 | 3.75 | 2.64 | 2.92 | 4.42 | 4.45 | 3.50 | 3.52 | 3.26 |
| Quick Ratio | 1.91 | 1.91 | 2.62 | 2.49 | 1.68 | 1.90 | 3.48 | 3.40 | 2.62 | 2.90 | 2.66 |
| Cash Ratio | 1.06 | 1.06 | 1.67 | 1.48 | 0.98 | 1.10 | 2.49 | 2.35 | 1.66 | 1.91 | 1.49 |
| Asset Turnover | — | 0.60 | 0.56 | 0.59 | 0.64 | 0.66 | 0.53 | 0.59 | 0.66 | 0.70 | 0.71 |
| Inventory Turnover | 3.55 | 3.55 | 3.37 | 3.08 | 2.75 | 2.93 | 3.66 | 4.03 | 4.12 | 5.08 | 5.64 |
| Days Sales Outstanding | — | 55.56 | 49.04 | 45.68 | 45.56 | 48.65 | 59.53 | 50.27 | 49.96 | 55.10 | 68.46 |
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 | 0.7% | 1.1% | 1.1% | 0.9% | 1.0% | 0.6% | 0.7% | 0.9% | 0.9% | 0.7% | 0.8% |
| Payout Ratio | — | — | 66.9% | 24.0% | 15.0% | 17.5% | 36.0% | 32.1% | 24.3% | 26.6% | 26.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 1.7% | 3.9% | 6.8% | 3.6% | 2.1% | 2.9% | 3.8% | 2.6% | 3.0% |
| FCF Yield | 3.4% | 5.6% | 4.9% | 5.5% | 5.7% | 3.6% | 3.2% | 3.9% | 5.9% | 4.5% | 3.9% |
| Buyback Yield | 0.3% | 0.4% | 0.7% | 0.0% | 0.0% | 0.0% | 0.4% | 2.1% | 1.5% | 0.1% | 0.0% |
| Total Shareholder Yield | 0.9% | 1.5% | 1.8% | 0.9% | 1.0% | 0.6% | 1.1% | 3.0% | 2.4% | 0.8% | 0.8% |
| Shares Outstanding | — | $25M | $25M | $25M | $25M | $25M | $25M | $25M | $25M | $23M | $23M |
Cyclical Margin Volatility
According to current market data, Littelfuse trades at a forward P/E of 31.14, which suggests that investors are pricing in a significant earnings recovery despite the recent volatility in net margins reported in the company's latest quarterly financial statements.
The elevated forward multiple relative to historical norms indicates that the market is looking past the recent negative net margin prints toward a normalized earnings environment. This valuation appears to assume that the company's design-in moat will successfully translate into margin expansion as factory utilization rates recover.
Based on reported figures, Littelfuse's ROIC has fluctuated significantly, dropping to -6.0% in 2025Q4 before rebounding to 3.0% in 2026Q1, highlighting the sensitivity of the company's capital returns to the high fixed-cost structure inherent in its manufacturing-heavy business model.
The volatility in ROIC suggests that the company's ability to compound capital is currently hampered by the absorption of non-recurring integration costs and cyclical demand troughs. Investors should monitor whether the return on capital can sustainably exceed the cost of capital as the company moves beyond its recent acquisition-heavy phase.
As reported in recent quarterly filings, the cash conversion cycle remains elevated at 107 days in 2025Q4, reflecting the challenges of managing inventory levels across a complex global supply chain during periods of shifting industrial demand.
The persistent length of the cash conversion cycle suggests that Littelfuse carries significant inventory risk, which is typical for a company relying on distributor-led sales channels. Improvements in inventory turnover will be a critical indicator of whether the company can optimize its working capital efficiency in the coming quarters.
According to recent balance sheet disclosures, Littelfuse has maintained a conservative financial profile with a debt-to-equity ratio of 0.07 as of 2026Q1, providing a substantial buffer against the cyclical margin pressures that have historically impacted the firm's bottom line.
The rapid deleveraging from 0.39 in 2025Q4 to 0.07 in 2026Q1 demonstrates management's commitment to maintaining a fortress balance sheet during periods of operational uncertainty. This low leverage profile affords the company significant flexibility to navigate potential downturns or pursue strategic opportunities without immediate refinancing risk.
As noted in financial analysis literature, the P/E ratio is frequently misapplied to Littelfuse because it fails to account for the significant non-cash amortization charges resulting from the company's aggressive acquisition strategy, which artificially depresses reported GAAP earnings.
Investors should instead focus on EV/EBITDA or free cash flow yields to better gauge the underlying earning power of the business. Relying on P/E ratios in this context may lead to an inaccurate assessment of the company's valuation, as it ignores the cash-generative nature of the core protection business.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying LFUS stock.
Littelfuse, Inc.'s current P/E ratio is -145.5x. The historical average is 33.8x.
Littelfuse, Inc.'s current EV/EBITDA is 80.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
Littelfuse, Inc.'s return on equity (ROE) is -3.0%. The historical average is 11.9%.
Based on historical data, Littelfuse, Inc. is trading at a P/E of -145.5x. Compare with industry peers and growth rates for a complete picture.
Littelfuse, Inc.'s current dividend yield is 0.68%.
Littelfuse, Inc. has 38.0% gross margin and 1.6% operating margin.
Littelfuse, Inc.'s Debt/EBITDA ratio is 6.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.