Latest Ratios: P/E Ratio 14.6x · EV/EBITDA 14.1x · ROE 14.0%. (2008–2025 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 | $448M | $367M | $351M | $242M | $378M | $541M | $459M | $516M | $488M | $427M | $290M |
| Enterprise Value | $479M | $399M | $407M | $331M | $469M | $608M | $521M | $608M | $552M | $526M | $398M |
| P/E Ratio → | 14.57 | 11.77 | 18.97 | — | 14.00 | 18.05 | 22.81 | 214.98 | 19.59 | 36.74 | 16.25 |
| P/S Ratio | 1.17 | 0.96 | 0.90 | 0.60 | 0.89 | 1.45 | 1.41 | 1.38 | 1.21 | 0.97 | 0.70 |
| P/B Ratio | 2.01 | 1.62 | 1.60 | 1.14 | 1.82 | 2.59 | 2.75 | 2.96 | 2.65 | 2.63 | 2.05 |
| P/FCF | 17.11 | 14.03 | 8.60 | 14.29 | 49.72 | 31.84 | 11.04 | — | 9.90 | 12.59 | 28.18 |
| P/OCF | 13.19 | 10.81 | 6.87 | 9.19 | 23.77 | 20.74 | 9.26 | 88.98 | 7.72 | 9.44 | 9.94 |
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 | — | 1.04 | 1.04 | 0.82 | 1.11 | 1.62 | 1.60 | 1.63 | 1.37 | 1.19 | 0.96 |
| EV / EBITDA | 14.14 | 11.76 | 9.35 | 16.39 | 7.47 | 11.73 | 12.46 | 19.07 | 10.90 | 13.09 | 7.80 |
| EV / EBIT | 19.98 | 15.75 | 12.83 | — | 10.45 | 15.78 | 15.88 | 30.27 | 14.25 | 19.94 | 13.08 |
| EV / FCF | — | 15.21 | 9.97 | 19.60 | 61.76 | 35.74 | 12.52 | — | 11.19 | 15.53 | 38.61 |
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 | 23.2% | 23.2% | 21.9% | 18.9% | 22.4% | 25.7% | 24.9% | 27.8% | 29.3% | 24.6% | 22.8% |
| Operating Margin | 6.2% | 6.2% | 7.7% | 1.0% | 10.6% | 9.7% | 8.8% | 5.0% | 8.4% | 5.0% | 7.9% |
| Net Profit Margin | 8.1% | 8.1% | 4.7% | -0.5% | 6.4% | 8.0% | 6.2% | 0.8% | 6.2% | 2.6% | 5.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.0% | 14.0% | 8.5% | -0.9% | 12.9% | 15.9% | 11.7% | 1.7% | 14.4% | 7.6% | 14.1% |
| ROA | 8.3% | 8.3% | 4.9% | -0.5% | 6.9% | 8.4% | 5.4% | 0.8% | 6.3% | 2.9% | 5.3% |
| ROIC | 6.8% | 6.8% | 7.8% | 1.0% | 11.7% | 10.8% | 8.6% | 5.5% | 9.9% | 6.4% | 9.6% |
| ROCE | 8.6% | 8.6% | 10.1% | 1.4% | 15.4% | 12.8% | 9.6% | 6.1% | 10.8% | 6.7% | 9.3% |
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 | 0.17 | 0.17 | 0.27 | 0.43 | 0.50 | 0.35 | 0.38 | 0.59 | 0.42 | 0.70 | 0.85 |
| Debt / EBITDA | 1.16 | 1.16 | 1.37 | 4.55 | 1.66 | 1.40 | 1.51 | 3.22 | 1.52 | 2.81 | 2.37 |
| Net Debt / Equity | — | 0.14 | 0.25 | 0.42 | 0.44 | 0.32 | 0.37 | 0.53 | 0.34 | 0.61 | 0.76 |
| Net Debt / EBITDA | 0.92 | 0.92 | 1.28 | 4.44 | 1.46 | 1.28 | 1.47 | 2.89 | 1.25 | 2.48 | 2.11 |
| Debt / FCF | — | 1.19 | 1.37 | 5.30 | 12.04 | 3.89 | 1.48 | — | 1.28 | 2.94 | 10.43 |
| Interest Coverage | 8.16 | 8.16 | 6.10 | -0.54 | 11.51 | 12.42 | 6.56 | 4.47 | 7.90 | 4.00 | 4.83 |
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 | 1.67 | 1.67 | 1.88 | 2.60 | 1.82 | 1.95 | 2.31 | 2.43 | 2.06 | 2.03 | 2.89 |
| Quick Ratio | 0.73 | 0.73 | 0.98 | 1.13 | 0.82 | 0.87 | 1.26 | 1.43 | 1.00 | 1.06 | 1.36 |
| Cash Ratio | 0.08 | 0.08 | 0.04 | 0.04 | 0.11 | 0.07 | 0.02 | 0.13 | 0.16 | 0.18 | 0.25 |
| Asset Turnover | — | 1.04 | 1.02 | 1.09 | 1.04 | 1.01 | 0.94 | 0.96 | 1.03 | 1.10 | 1.06 |
| Inventory Turnover | 3.20 | 3.20 | 3.66 | 3.42 | 2.96 | 3.07 | 3.55 | 3.48 | 3.03 | 4.05 | 3.88 |
| Days Sales Outstanding | — | 47.45 | 54.76 | 55.34 | 57.84 | 55.32 | 49.90 | 52.69 | 56.94 | 60.87 | 38.10 |
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 | 3.1% | 3.8% | 4.0% | 5.8% | 3.8% | 2.5% | 3.0% | 2.6% | 2.7% | 3.1% | 4.6% |
| Payout Ratio | 44.4% | 44.4% | 76.1% | — | 52.8% | 45.5% | 68.0% | 438.7% | 53.6% | 115.7% | 60.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.9% | 8.5% | 5.3% | — | 7.1% | 5.5% | 4.4% | 0.5% | 5.1% | 2.7% | 6.2% |
| FCF Yield | 5.8% | 7.1% | 11.6% | 7.0% | 2.0% | 3.1% | 9.1% | — | 10.1% | 7.9% | 3.5% |
| Buyback Yield | 0.7% | 0.8% | 0.7% | 1.1% | 2.9% | 1.2% | 0.0% | 0.0% | 0.0% | 1.0% | 2.5% |
| Total Shareholder Yield | 3.7% | 4.6% | 4.6% | 6.9% | 6.7% | 3.7% | 3.0% | 2.6% | 2.7% | 4.1% | 7.1% |
| Shares Outstanding | — | $27M | $27M | $27M | $28M | $28M | $28M | $28M | $28M | $27M | $27M |
Liquidity and cyclical volatility
Based on current market data, Luxfer trades at a P/E of 16.15 and an EV/EBITDA of 15.57, suggesting that investors are pricing in significant earnings volatility rather than consistent growth, especially when compared to the broader industrial machinery peer group which often commands different risk premiums.
The forward P/E of 16.36 indicates that the market expects little near-term earnings expansion, likely reflecting the company's recent revenue contraction. This valuation appears to struggle with the firm's cyclical nature, as the P/FCF of 18.96 suggests that cash generation remains inconsistent relative to the current share price.
According to historical financial statements, Luxfer's ROIC has consistently languished in the low single digits, reaching only 1.8% in 2026Q1, which indicates that the company is failing to generate returns that meaningfully exceed its cost of capital in the current industrial environment.
The persistent gap between ROIC and historical averages suggests that the company's capital-intensive manufacturing footprint is not being utilized efficiently. Investors should monitor whether management's focus on portfolio simplification can eventually drive higher returns on invested capital, or if structural margin constraints will continue to suppress performance.
As reported in recent quarterly filings, the cash conversion cycle has expanded to 157 days in 2026Q1, driven largely by elevated days inventory outstanding of 137 days, which highlights significant inefficiencies in managing working capital relative to historical norms for the industrial machinery sector.
The inability to compress the cash conversion cycle suggests that Luxfer is carrying excessive inventory, which ties up precious liquidity. This inefficiency appears to be a primary driver of the company's volatile free cash flow, as capital remains trapped in raw materials and finished goods rather than being converted to cash.
Based on the most recent balance sheet data, the quick ratio of 0.81 indicates a precarious liquidity position, as the company holds only $8.3 million in cash, leaving it with minimal room to maneuver during periods of supply chain disruption or sudden industrial demand declines.
While the low debt-to-equity ratio of 0.26 provides some comfort regarding solvency, the lack of liquid assets is a material concern for an industrial firm with high variable costs. This thin buffer suggests that any further deterioration in operating margins could force the company to rely on external financing.
Investors frequently misapply the low debt-to-equity ratio of 0.17 as a sign of financial strength, ignoring that for Luxfer, the true risk lies in the absolute lack of cash and the high sensitivity of margins to commodity price fluctuations rather than leverage levels.
Focusing on the debt-to-equity ratio obscures the company's operational vulnerability to input cost spikes and revenue volatility. A more appropriate metric for this business model would be the cash-to-revenue ratio or interest coverage adjusted for non-recurring restructuring charges, which better capture the firm's actual ability to sustain operations.
Includes 30+ ratios · 18 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LXFR stock.
Luxfer Holdings PLC's current P/E ratio is 14.6x. The historical average is 19.6x. This places it at the 33th percentile of its historical range.
Luxfer Holdings PLC's current EV/EBITDA is 14.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
Luxfer Holdings PLC's return on equity (ROE) is 14.0%. The historical average is 20.4%.
Based on historical data, Luxfer Holdings PLC is trading at a P/E of 14.6x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Luxfer Holdings PLC's current dividend yield is 3.05% with a payout ratio of 44.4%.
Luxfer Holdings PLC has 23.2% gross margin and 6.2% operating margin.
Luxfer Holdings PLC's Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.