Latest Ratios: P/E Ratio 49.4x · EV/EBITDA 7.3x · ROE 3.1%. (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 | $3.6B | $2.9B | $3.4B | $3.2B | $2.7B | $3.0B | $3.5B | $3.0B | $3.9B | $5.3B | $3.9B |
| Enterprise Value | $6.6B | $6.0B | $5.7B | $5.8B | $4.9B | $5.0B | $5.8B | $5.0B | $5.1B | $6.4B | $5.3B |
| P/E Ratio → | 49.41 | 42.71 | 20.90 | 18.43 | 7.79 | 6.45 | — | 37.50 | 6.85 | 16.63 | — |
| P/S Ratio | 0.99 | 0.80 | 0.91 | 0.86 | 0.63 | 0.68 | 1.32 | 0.90 | 0.87 | 1.72 | 1.97 |
| P/B Ratio | 1.23 | 1.06 | 1.42 | 1.48 | 1.12 | 1.54 | 2.44 | 1.82 | 2.16 | 3.01 | 2.18 |
| P/FCF | 4.86 | 3.94 | 5.99 | 15.16 | 6.62 | 4.03 | 29.44 | 37.95 | 5.30 | 7.68 | 26.22 |
| P/OCF | 4.27 | 3.47 | 4.58 | 4.86 | 2.75 | 3.03 | 7.61 | 7.24 | 3.98 | 6.67 | 15.73 |
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 | — | 1.66 | 1.54 | 1.55 | 1.13 | 1.12 | 2.17 | 1.53 | 1.14 | 2.09 | 2.63 |
| EV / EBITDA | 7.29 | 6.55 | 8.04 | 8.80 | 5.64 | 4.61 | 18.91 | 9.43 | 4.74 | 9.01 | 20.53 |
| EV / EBIT | 14.31 | 14.09 | 13.85 | 14.31 | 6.84 | 6.12 | — | 20.52 | 5.63 | 11.28 | 100.18 |
| EV / FCF | — | 8.14 | 10.15 | 27.23 | 11.90 | 6.62 | 48.32 | 64.48 | 6.93 | 9.33 | 35.10 |
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 | 25.3% | 25.3% | 19.1% | 17.6% | 20.1% | 24.4% | 23.2% | 23.8% | 29.9% | 34.3% | 25.3% |
| Operating Margin | 12.9% | 12.9% | 8.7% | 7.1% | 11.4% | 16.1% | -2.0% | 5.8% | 18.5% | 15.6% | 1.4% |
| Net Profit Margin | 2.2% | 2.2% | 4.4% | 4.7% | 8.2% | 10.9% | -5.9% | 2.7% | 12.7% | 10.3% | -0.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.1% | 3.1% | 7.2% | 7.6% | 16.1% | 28.4% | -10.2% | 5.1% | 32.0% | 17.8% | -0.7% |
| ROA | 1.2% | 1.2% | 2.5% | 2.7% | 5.6% | 8.2% | -2.9% | 1.8% | 12.3% | 6.9% | -0.3% |
| ROIC | 6.6% | 6.6% | 5.2% | 4.2% | 8.7% | 14.1% | -1.1% | 4.2% | 21.2% | 11.9% | 0.7% |
| ROCE | 7.5% | 7.5% | 5.9% | 4.9% | 9.1% | 14.2% | -1.1% | 4.7% | 22.3% | 12.2% | 0.7% |
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 | 1.29 | 1.29 | 1.36 | 1.39 | 1.24 | 1.47 | 2.14 | 1.53 | 0.81 | 0.86 | 0.86 |
| Debt / EBITDA | 3.85 | 3.85 | 4.55 | 4.60 | 3.49 | 2.67 | 10.13 | 4.66 | 1.36 | 2.12 | 6.07 |
| Net Debt / Equity | — | 1.13 | 0.98 | 1.18 | 0.89 | 0.99 | 1.56 | 1.27 | 0.66 | 0.65 | 0.74 |
| Net Debt / EBITDA | 3.38 | 3.38 | 3.30 | 3.90 | 2.50 | 1.81 | 7.39 | 3.88 | 1.12 | 1.59 | 5.19 |
| Debt / FCF | — | 4.20 | 4.16 | 12.07 | 5.28 | 2.59 | 18.88 | 26.53 | 1.63 | 1.65 | 8.88 |
| Interest Coverage | 1.93 | 1.93 | 3.11 | 3.43 | 5.44 | 5.61 | -0.14 | 1.97 | 9.59 | 5.96 | 0.58 |
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 | 2.06 | 2.06 | 2.62 | 1.14 | 1.99 | 2.06 | 2.08 | 1.90 | 1.20 | 1.66 | 1.69 |
| Quick Ratio | 1.37 | 1.37 | 2.00 | 0.81 | 1.52 | 1.59 | 1.68 | 1.47 | 0.83 | 1.25 | 1.23 |
| Cash Ratio | 0.59 | 0.59 | 1.22 | 0.35 | 0.91 | 0.97 | 1.09 | 0.64 | 0.24 | 0.50 | 0.37 |
| Asset Turnover | — | 0.49 | 0.56 | 0.58 | 0.65 | 0.72 | 0.47 | 0.63 | 0.97 | 0.66 | 0.44 |
| Inventory Turnover | 5.43 | 5.43 | 6.64 | 7.19 | 7.84 | 7.27 | 6.59 | 8.91 | 8.10 | 6.61 | 5.30 |
| Days Sales Outstanding | — | 47.00 | 46.45 | 52.04 | 42.39 | 45.53 | 56.75 | 54.33 | 41.90 | 64.00 | 91.25 |
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 | 1.6% | 1.9% | 1.5% | 1.5% | 1.6% | 0.8% | 1.1% | 3.7% | 2.7% | 1.9% | 2.5% |
| Payout Ratio | 68.2% | 68.2% | 30.4% | 28.4% | 11.9% | 5.1% | — | 125.8% | 18.6% | 32.1% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.0% | 2.3% | 4.8% | 5.4% | 12.8% | 15.5% | — | 2.7% | 14.6% | 6.0% | — |
| FCF Yield | 20.6% | 25.4% | 16.7% | 6.6% | 15.1% | 24.8% | 3.4% | 2.6% | 18.9% | 13.0% | 3.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 2.7% | 9.3% | 2.1% | 0.0% | 1.8% | 11.4% | 5.4% | 0.0% |
| Total Shareholder Yield | 1.6% | 1.9% | 1.5% | 4.2% | 10.9% | 2.9% | 1.1% | 5.5% | 14.1% | 7.4% | 2.5% |
| Shares Outstanding | — | $73M | $68M | $68M | $72M | $76M | $76M | $77M | $81M | $87M | $90M |
Cyclical commodity price sensitivity
According to current market data, Methanex trades at a trailing P/E of 51.74, which, when contrasted with a forward P/E of 5.37, suggests that investors are pricing in a significant recovery in earnings power that remains highly contingent on volatile global methanol price stabilization.
The wide divergence between trailing and forward multiples indicates that the market is currently discounting the recent earnings trough as a non-recurring event. Investors should monitor whether the forward earnings expectations are overly optimistic given the historical sensitivity of the company's margins to feedstock cost fluctuations.
Based on reported figures, Methanex's ROIC has struggled to maintain momentum, hovering at a modest 1.1% in 2026Q1, which reflects the difficulty of compounding returns in a capital-intensive industry where asset utilization is frequently disrupted by regional natural gas supply constraints and maintenance turnarounds.
The inability to consistently generate returns above the cost of capital suggests that the company's massive investment in logistics and production assets may be underperforming during cyclical downturns. This trend warrants further investigation into whether the recent Geismar 3 ramp-up can structurally improve capital efficiency or if it will merely add to the existing fixed-cost burden.
As reported in financial statements, the company's cash conversion cycle reached 42 days in 2026Q1, a notable increase from the 12-day cycle observed in 2023Q4, suggesting that inventory management and receivables collection are becoming less efficient as the company navigates a more challenging global demand environment.
The lengthening of the cash conversion cycle implies that Methanex is increasingly tying up liquidity in its supply chain, which may limit its flexibility during periods of price volatility. Analysts should monitor whether this trend is a structural shift in customer payment terms or a temporary byproduct of managing higher inventory levels in anticipation of market recovery.
Based on the latest quarterly data, the interest coverage ratio has compressed to 1.11 in 2026Q1, down from 4.31 in 2025Q1, indicating that the company's ability to service its debt obligations is becoming increasingly sensitive to fluctuations in operating income and prevailing interest rates.
The persistent debt-to-equity ratio of 1.28 suggests that the company remains heavily reliant on external financing to maintain its global operations. Investors should be cautious, as any further contraction in operating margins could place significant strain on the company's ability to meet its debt service requirements without further capital allocation adjustments.
The P/E ratio is frequently misapplied to Methanex, as it obscures the impact of non-cash charges and cyclical earnings volatility, making the company appear either prohibitively expensive or deceptively cheap depending on the specific point in the commodity price cycle being analyzed by market participants.
Because Methanex's earnings are heavily influenced by non-cash items and the timing of major plant maintenance, the P/E ratio fails to capture the underlying cash-generating capability of the business. Analysts should instead prioritize EV/EBITDA or P/FCF to better assess the company's valuation relative to its true operational cash flow and capital intensity.
Includes 30+ ratios · 30 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 MEOH stock.
Methanex Corporation's current P/E ratio is 49.4x. The historical average is 23.4x. This places it at the 96th percentile of its historical range.
Methanex Corporation's current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
Methanex Corporation's return on equity (ROE) is 3.1%. The historical average is 10.9%.
Based on historical data, Methanex Corporation is trading at a P/E of 49.4x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Methanex Corporation's current dividend yield is 1.63% with a payout ratio of 68.2%.
Methanex Corporation has 25.3% gross margin and 12.9% operating margin. Operating margin between 10-20% is typical for established companies.
Methanex Corporation's Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.