Latest Ratios: P/E Ratio -15.2x · EV/EBITDA 10.4x · ROE -5.2%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $543M | $306M | $237M | $433M | $1.5B | $1.7B | $1.7B | $1.1B | $1.1B | $1.5B | $1.7B |
| Enterprise Value | $753M | $515M | $477M | $630M | $1.7B | $1.7B | $1.8B | $1.2B | $1.3B | $1.3B | $1.4B |
| P/E Ratio → | -15.17 | — | — | — | 19.52 | 16.52 | 14.08 | 8.75 | 12.14 | 26.25 | 17.96 |
| P/S Ratio | 0.53 | 0.30 | 0.23 | 0.39 | 1.28 | 1.45 | 1.58 | 1.05 | 1.11 | 1.65 | 2.05 |
| P/B Ratio | 0.80 | 0.45 | 0.34 | 0.57 | 1.58 | 1.85 | 1.87 | 1.38 | 1.61 | 2.38 | 3.09 |
| P/FCF | 34.84 | 19.62 | — | — | 16.60 | 27.75 | 11.11 | 11.31 | 21.30 | 21.58 | 13.60 |
| P/OCF | 14.30 | 8.06 | 8.98 | 9.13 | 11.35 | 17.08 | 9.57 | 7.68 | 10.90 | 12.72 | 11.50 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.51 | 0.45 | 0.57 | 1.43 | 1.50 | 1.61 | 1.21 | 1.32 | 1.44 | 1.72 |
| EV / EBITDA | 10.37 | 7.10 | 13.78 | — | 12.05 | 10.63 | 9.76 | 6.35 | 8.80 | 8.95 | 10.38 |
| EV / EBIT | 54.53 | 37.34 | — | — | 18.17 | 14.31 | 12.50 | 7.81 | 10.51 | 10.50 | 12.66 |
| EV / FCF | — | 33.03 | — | — | 18.57 | 28.72 | 11.31 | 12.99 | 25.31 | 18.87 | 11.42 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.8% | 19.8% | 15.6% | 16.2% | 22.4% | 22.8% | 25.2% | 27.6% | 26.6% | 26.4% | 26.7% |
| Operating Margin | 1.4% | 1.4% | -2.3% | -10.0% | 7.7% | 9.6% | 11.8% | 14.4% | 10.7% | 13.0% | 13.6% |
| Net Profit Margin | -3.5% | -3.5% | -6.0% | -11.1% | 6.5% | 8.8% | 11.2% | 12.1% | 9.2% | 6.3% | 11.4% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.2% | -5.2% | -8.6% | -14.3% | 8.3% | 11.2% | 14.4% | 16.8% | 13.9% | 9.8% | 18.4% |
| ROA | -2.7% | -2.7% | -4.6% | -8.3% | 5.2% | 7.2% | 8.6% | 9.5% | 8.5% | 7.1% | 13.7% |
| ROIC | 1.1% | 1.1% | -1.9% | -8.0% | 6.4% | 8.7% | 10.1% | 12.0% | 11.9% | 24.8% | 29.0% |
| ROCE | 1.3% | 1.3% | -2.1% | -8.9% | 7.1% | 9.1% | 10.4% | 12.9% | 11.8% | 17.7% | 19.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.51 | 0.51 | 0.50 | 0.47 | 0.35 | 0.25 | 0.29 | 0.48 | 0.42 | 0.09 | 0.05 |
| Debt / EBITDA | 4.80 | 4.80 | 9.92 | — | 2.40 | 1.41 | 1.47 | 1.93 | 1.95 | 0.39 | 0.20 |
| Net Debt / Equity | — | 0.31 | 0.35 | 0.26 | 0.19 | 0.06 | 0.03 | 0.21 | 0.30 | -0.30 | -0.49 |
| Net Debt / EBITDA | 2.88 | 2.88 | 6.92 | — | 1.28 | 0.36 | 0.17 | 0.82 | 1.40 | -1.29 | -1.98 |
| Debt / FCF | — | 13.40 | — | — | 1.96 | 0.98 | 0.20 | 1.68 | 4.01 | -2.71 | -2.17 |
| Interest Coverage | 0.59 | 0.59 | -0.93 | -6.67 | 34.37 | 34.86 | 26.94 | 15.72 | 15.14 | 138.56 | 277.00 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.37 | 2.37 | 2.40 | 2.76 | 2.91 | 3.34 | 3.03 | 3.93 | 2.51 | 3.50 | 4.26 |
| Quick Ratio | 1.66 | 1.66 | 1.57 | 1.95 | 2.21 | 2.49 | 2.47 | 3.02 | 1.86 | 2.97 | 3.80 |
| Cash Ratio | 0.55 | 0.55 | 0.44 | 0.70 | 0.69 | 0.91 | 1.05 | 1.51 | 0.46 | 1.57 | 2.36 |
| Asset Turnover | — | 0.78 | 0.80 | 0.79 | 0.75 | 0.84 | 0.74 | 0.75 | 0.81 | 0.99 | 1.16 |
| Inventory Turnover | 4.57 | 4.57 | 4.56 | 5.03 | 5.73 | 5.67 | 6.55 | 5.66 | 6.29 | 7.95 | 10.33 |
| Days Sales Outstanding | — | 93.29 | 85.36 | 87.31 | 101.24 | 88.33 | 98.63 | 71.97 | 85.53 | 81.41 | 73.89 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 2.7% | 8.6% | 4.6% | 1.3% | 1.2% | 1.0% | 1.5% | 1.5% | 1.0% | 0.8% |
| Payout Ratio | — | — | — | — | 25.7% | 20.0% | 14.2% | 13.2% | 17.8% | 25.7% | 14.7% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 5.1% | 6.1% | 7.1% | 11.4% | 8.2% | 3.8% | 5.6% |
| FCF Yield | 2.9% | 5.1% | — | — | 6.0% | 3.6% | 9.0% | 8.8% | 4.7% | 4.6% | 7.4% |
| Buyback Yield | 0.0% | 0.0% | 0.7% | 3.2% | 3.2% | 3.8% | 0.4% | 0.0% | 0.2% | 0.0% | 0.6% |
| Total Shareholder Yield | 1.5% | 2.7% | 9.3% | 7.8% | 4.5% | 5.0% | 1.4% | 1.5% | 1.6% | 1.0% | 1.4% |
| Shares Outstanding | — | $35M | $35M | $35M | $37M | $38M | $38M | $38M | $38M | $38M | $37M |
Cyclical Automotive Demand Sensitivity
Based on reported figures, MEI trades at a P/S ratio of 0.67, which appears to reflect significant market skepticism regarding the company's ability to return to consistent profitability compared to peers like Amphenol, which command substantially higher multiples due to their superior margin profiles and scale.
The current P/E of 22.28 is difficult to interpret given the company's recent history of net losses, suggesting that the market may be pricing in a potential recovery rather than current earnings power. Investors should monitor whether this valuation discount is a permanent reflection of lower earnings quality or a temporary result of the ongoing transition costs associated with new automotive platform launches.
According to recent quarterly data, ROIC has fluctuated between -4.5% and 0.9%, indicating that the company is currently failing to generate returns above its cost of capital, a trend that warrants further investigation into the effectiveness of recent investments in new mechatronic and medical technologies.
The persistent inability to maintain positive ROIC suggests that the company's capital allocation is currently value-destructive rather than compounding. This decay in returns appears to be driven by the combination of margin compression and the under-absorption of fixed costs, which prevents the firm from achieving the necessary scale to justify its asset base.
As reported in financial statements, the cash conversion cycle has remained elevated, peaking at 140 days in 2025Q3, which suggests that MEI faces structural challenges in managing its inventory and receivables relative to the faster-moving operational cycles of its automotive and industrial OEM customers.
The high DIO and DSO figures indicate that capital is being trapped in the production process for extended periods, which exacerbates the company's sensitivity to volume fluctuations. This inefficiency appears to be a structural byproduct of the 'design-in' business model, where long lead times and specialized inventory requirements limit the company's ability to optimize its working capital.
Based on the latest quarterly filings, the company maintains a debt-to-equity ratio of 0.51, which provides a healthy buffer against insolvency, yet the erratic interest coverage ratios suggest that the firm's ability to service debt is becoming increasingly sensitive to its volatile operating performance.
While the balance sheet remains fundamentally sound, the lack of consistent operating income means that the company's debt service capacity is currently reliant on its existing cash reserves rather than ongoing cash flow generation. Investors should monitor whether this conservative capital structure is sufficient to fund the necessary R&D for the Medical segment if the Automotive segment continues to face cyclical headwinds.
The P/E ratio is frequently misapplied to MEI, as it obscures the impact of non-recurring restructuring costs and the lumpiness of program-based revenue, which can lead to distorted earnings signals that do not accurately reflect the company's underlying cash-generating potential or its long-term competitive positioning.
Analysts should instead focus on EV/EBITDA or free cash flow yields to better assess the company's valuation, as these metrics are less sensitive to the accounting noise inherent in the automotive supply chain. Relying on P/E in a period of negative net margins provides little insight into the company's true earning power and may lead to an incorrect assessment of the firm's recovery trajectory.
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Quick answers to the most common questions about buying MEI stock.
Methode Electronics, Inc.'s current P/E ratio is -15.2x. The historical average is 20.0x.
Methode Electronics, Inc.'s current EV/EBITDA is 10.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.7x.
Methode Electronics, Inc.'s return on equity (ROE) is -5.2%. The historical average is 8.5%.
Based on historical data, Methode Electronics, Inc. is trading at a P/E of -15.2x. Compare with industry peers and growth rates for a complete picture.
Methode Electronics, Inc.'s current dividend yield is 1.53%.
Methode Electronics, Inc. has 19.8% gross margin and 1.4% operating margin.
Methode Electronics, Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.