Latest Ratios: P/E Ratio 55.7x · EV/EBITDA 17.4x · ROE 3.8%. (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 | $390M | $307M | $322M | $545M | $392M | $498M | $357M | $368M | $542M | $364M | $202M |
| Enterprise Value | $361M | $278M | $364M | $578M | $415M | $552M | $449M | $476M | $609M | $394M | $254M |
| P/E Ratio → | 55.74 | 43.21 | 41.04 | 7.90 | 6.75 | 8.88 | — | 17.18 | 13.66 | 18.62 | 19.73 |
| P/S Ratio | 1.37 | 1.08 | 0.88 | 0.89 | 0.61 | 1.07 | 0.98 | 0.79 | 1.63 | 1.59 | 0.91 |
| P/B Ratio | 2.16 | 1.67 | 1.75 | 2.83 | 2.73 | 4.62 | 7.30 | 5.08 | 10.32 | 30.95 | — |
| P/FCF | 14.78 | 11.65 | — | 4.97 | 6.43 | 12.25 | 22.37 | 8.79 | 12.29 | 16.47 | 7.49 |
| P/OCF | 10.96 | 8.64 | 25.74 | 4.06 | 5.35 | 7.27 | 11.82 | 6.58 | 10.97 | 13.88 | 6.56 |
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 | — | 0.98 | 0.99 | 0.95 | 0.65 | 1.18 | 1.24 | 1.02 | 1.83 | 1.73 | 1.15 |
| EV / EBITDA | 17.36 | 13.38 | 19.32 | 4.45 | 3.29 | 6.35 | — | 6.60 | 9.97 | 10.74 | 9.97 |
| EV / EBIT | 32.17 | 18.94 | 27.09 | 4.64 | 3.57 | 7.09 | — | 7.36 | 10.78 | 11.77 | 12.82 |
| EV / FCF | — | 10.55 | — | 5.28 | 6.80 | 13.57 | 28.15 | 11.37 | 13.81 | 17.85 | 9.43 |
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 | 20.0% | 20.0% | 18.3% | 27.7% | 26.2% | 26.9% | 20.8% | 24.3% | 27.2% | 27.8% | 27.6% |
| Operating Margin | 4.0% | 4.0% | 2.1% | 19.9% | 18.1% | 16.9% | -7.3% | 13.8% | 16.8% | 14.7% | 9.9% |
| Net Profit Margin | 2.5% | 2.5% | 2.1% | 11.3% | 9.1% | 12.1% | -6.6% | 4.6% | 11.9% | 8.6% | 4.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.8% | 3.8% | 4.1% | 41.1% | 46.3% | 71.7% | -39.7% | 34.2% | 123.4% | 1157.3% | — |
| ROA | 2.4% | 2.4% | 2.3% | 21.2% | 20.3% | 23.2% | -10.5% | 10.0% | 30.5% | 23.6% | 11.9% |
| ROIC | 4.4% | 4.4% | 2.5% | 46.5% | 53.2% | 39.0% | -12.4% | 32.1% | 51.8% | 58.5% | 41.7% |
| ROCE | 5.2% | 5.2% | 3.1% | 53.3% | 57.2% | 44.3% | -16.0% | 42.0% | 64.9% | 79.2% | 68.7% |
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 | — | — | 0.27 | 0.28 | 0.39 | 0.86 | 2.22 | 1.57 | 1.43 | 2.93 | — |
| Debt / EBITDA | — | — | 2.62 | 0.41 | 0.45 | 1.07 | — | 1.58 | 1.23 | 0.94 | 2.05 |
| Net Debt / Equity | — | -0.16 | 0.23 | 0.18 | 0.16 | 0.50 | 1.89 | 1.49 | 1.28 | 2.59 | — |
| Net Debt / EBITDA | -1.39 | -1.39 | 2.23 | 0.26 | 0.18 | 0.62 | — | 1.50 | 1.10 | 0.83 | 2.05 |
| Debt / FCF | — | -1.10 | — | 0.31 | 0.37 | 1.32 | 5.78 | 2.58 | 1.53 | 1.38 | 1.94 |
| Interest Coverage | 12.58 | 12.58 | 4.08 | 46.58 | 78.99 | 22.97 | -5.27 | 9.92 | 16.26 | 15.08 | 15.47 |
Net cash position: cash ($29M) exceeds total debt ($0)
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 | 1.86 | 1.86 | 1.99 | 1.91 | 1.57 | 1.48 | 1.02 | 0.79 | 0.73 | 0.59 | 0.41 |
| Quick Ratio | 1.39 | 1.39 | 1.52 | 1.34 | 0.94 | 0.76 | 0.56 | 0.35 | 0.33 | 0.27 | 0.11 |
| Cash Ratio | 1.22 | 1.22 | 1.11 | 1.09 | 0.37 | 0.53 | 0.29 | 0.08 | 0.16 | 0.11 | 0.00 |
| Asset Turnover | — | 1.09 | 1.15 | 1.72 | 2.16 | 1.69 | 1.75 | 1.87 | 1.88 | 2.74 | 2.68 |
| Inventory Turnover | 7.46 | 7.46 | 8.10 | 7.57 | 8.08 | 6.37 | 11.22 | 11.52 | 11.84 | 14.15 | 12.10 |
| Days Sales Outstanding | — | 5.51 | 11.90 | 9.42 | 12.78 | 9.74 | 11.13 | 10.50 | 6.05 | 5.59 | 4.89 |
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 | — | — | — | — | — | — | — | — | — | — | 39.6% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 783.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 2.3% | 2.4% | 12.7% | 14.8% | 11.3% | — | 5.8% | 7.3% | 5.4% | 5.1% |
| FCF Yield | 6.8% | 8.6% | — | 20.1% | 15.6% | 8.2% | 4.5% | 11.4% | 8.1% | 6.1% | 13.3% |
| Buyback Yield | 2.5% | 3.2% | 5.1% | 4.2% | 6.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.2% |
| Total Shareholder Yield | 2.5% | 3.2% | 5.1% | 4.2% | 6.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 41.9% |
| Shares Outstanding | — | $17M | $17M | $18M | $19M | $19M | $19M | $19M | $19M | $19M | $18M |
Cyclical demand and inventory
According to recent market data, MCFT trades at a forward P/E of 15.42, which suggests that investors are pricing in a significant recovery from current cyclical lows despite the company's TTM P/E of 59.19 indicating extreme earnings compression during the recent period of inventory-related margin pressure.
The wide divergence between trailing and forward multiples highlights the market's expectation that current profitability is an anomaly rather than a structural decline. Investors should monitor whether the forward earnings estimates are overly optimistic given the persistent headwinds in retail financing and dealer inventory levels.
As reported in financial statements, the company's gross margin has contracted to 24.4% in 2026Q3 from historical peaks, reflecting the impact of increased promotional subsidies and dealer support programs necessary to manage inventory levels in a softening consumer discretionary environment.
The volatility in operating margins, which dipped into negative territory in 2026Q3, underscores the high fixed-cost nature of the manufacturing facility in Vonore. This suggests that true earning power remains highly sensitive to volume, and sustainable margin expansion will likely require a more favorable product mix shift toward the Aviara luxury line.
Based on reported figures, ROIC has trended downward to -0.8% in 2026Q3, a sharp reversal from the 3.8% observed in 2024Q2, indicating that the company is currently struggling to generate returns above its cost of capital during this period of reduced capacity utilization.
The decay in return metrics appears to be a direct consequence of the cyclical downturn rather than a failure of the underlying business model. Analysts should investigate whether the current asset base can return to historical efficiency levels once dealer inventory normalizes and production volumes recover.
According to recent quarterly filings, the cash conversion cycle has fluctuated significantly, reaching 37 days in 2026Q3 compared to 62 days in 2025Q2, which suggests that management is actively tightening inventory and receivable terms to preserve liquidity during the current industry-wide demand correction.
The reduction in the cash conversion cycle appears to be a defensive measure to mitigate the risks associated with high dealer floorplan costs. While this improves short-term liquidity, it may also indicate a cautious approach to wholesale shipments that could limit top-line growth in the near term.
The P/E ratio is frequently misapplied to MCFT, as it obscures the extreme earnings volatility caused by cyclical inventory adjustments and promotional spending that do not reflect the long-term cash-generating potential of the company's premium brand portfolio.
Investors should prioritize EV/EBITDA or free cash flow yield over P/E, as these metrics better account for the company's capital structure and the lumpy nature of working capital changes. Relying on P/E during a cyclical trough often leads to an inaccurate assessment of the company's true valuation floor.
Includes 30+ ratios · 13 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 MCFT stock.
MasterCraft Boat Holdings, Inc.'s current P/E ratio is 55.7x. The historical average is 19.7x. This places it at the 100th percentile of its historical range.
MasterCraft Boat Holdings, Inc.'s current EV/EBITDA is 17.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.3x.
MasterCraft Boat Holdings, Inc.'s return on equity (ROE) is 3.8%. The historical average is 35.6%.
Based on historical data, MasterCraft Boat Holdings, Inc. is trading at a P/E of 55.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
MasterCraft Boat Holdings, Inc. has 20.0% gross margin and 4.0% operating margin.