Latest Ratios: P/E Ratio 56.2x · EV/EBITDA 27.2x · ROE 12.3%. (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 | $13.1B | $6.6B | $6.5B | $3.6B | $2.3B | $2.5B | $2.1B | $2.9B | $3.1B | $3.0B | $2.2B |
| Enterprise Value | $14.0B | $7.4B | $7.3B | $4.4B | $3.0B | $3.3B | $3.0B | $3.6B | $3.8B | $3.6B | $2.9B |
| P/E Ratio → | 56.21 | 27.92 | 31.57 | 21.15 | 14.57 | 15.65 | 226.89 | 15.87 | 32.56 | 21.39 | 17.16 |
| P/S Ratio | 3.39 | 1.70 | 1.81 | 1.09 | 0.74 | 0.86 | 0.74 | 0.98 | 1.14 | 1.21 | 0.90 |
| P/B Ratio | 6.63 | 3.29 | 3.57 | 2.21 | 1.57 | 1.76 | 1.71 | 2.16 | 2.53 | 2.49 | 2.19 |
| P/FCF | 101.84 | 51.15 | 141.11 | — | 21.04 | 14.97 | 11.13 | 45.30 | 392.83 | 21.29 | 14.63 |
| P/OCF | 47.86 | 24.04 | 32.31 | 26.63 | 9.15 | 8.40 | 7.61 | 15.73 | 30.27 | 13.88 | 10.08 |
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 | — | 1.93 | 2.04 | 1.33 | 0.99 | 1.15 | 1.03 | 1.24 | 1.42 | 1.45 | 1.18 |
| EV / EBITDA | 27.18 | 14.51 | 15.24 | 10.94 | 8.53 | 10.00 | 9.23 | 9.99 | 11.36 | 11.25 | 8.84 |
| EV / EBIT | 34.06 | 19.36 | 22.28 | 15.78 | 11.40 | 13.74 | 67.02 | 13.45 | 17.57 | 16.70 | 13.77 |
| EV / FCF | — | 58.03 | 158.65 | — | 27.90 | 19.86 | 15.56 | 57.10 | 486.27 | 25.44 | 19.21 |
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 | 27.4% | 27.4% | 27.6% | 24.4% | 24.5% | 24.5% | 25.8% | 28.1% | 28.5% | 29.3% | 29.5% |
| Operating Margin | 10.6% | 10.6% | 10.8% | 9.4% | 8.7% | 8.3% | 8.1% | 9.4% | 9.2% | 9.2% | 9.3% |
| Net Profit Margin | 6.1% | 6.1% | 5.7% | 5.2% | 5.1% | 5.5% | 0.3% | 6.0% | 3.5% | 5.7% | 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 | 12.3% | 12.3% | 12.0% | 11.1% | 10.9% | 11.9% | 0.7% | 13.7% | 7.8% | 12.8% | 12.7% |
| ROA | 5.5% | 5.5% | 5.3% | 4.7% | 4.5% | 4.7% | 0.3% | 5.7% | 3.1% | 4.6% | 4.1% |
| ROIC | 11.1% | 11.1% | 11.5% | 10.2% | 9.0% | 8.3% | 8.5% | 10.2% | 9.9% | 9.9% | 9.8% |
| ROCE | 12.9% | 12.9% | 13.2% | 11.5% | 10.2% | 9.3% | 9.6% | 11.7% | 10.5% | 9.4% | 9.1% |
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 | 0.47 | 0.47 | 0.48 | 0.53 | 0.58 | 0.65 | 0.75 | 0.63 | 0.70 | 0.79 | 1.01 |
| Debt / EBITDA | 1.84 | 1.84 | 1.81 | 2.14 | 2.39 | 2.77 | 2.89 | 2.31 | 2.56 | 2.98 | 3.12 |
| Net Debt / Equity | — | 0.44 | 0.44 | 0.49 | 0.51 | 0.57 | 0.68 | 0.56 | 0.60 | 0.49 | 0.69 |
| Net Debt / EBITDA | 1.72 | 1.72 | 1.68 | 1.97 | 2.10 | 2.46 | 2.63 | 2.07 | 2.18 | 1.84 | 2.11 |
| Debt / FCF | — | 6.88 | 17.54 | — | 6.85 | 4.89 | 4.43 | 11.80 | 93.44 | 4.15 | 4.58 |
| Interest Coverage | 5.34 | 5.34 | 5.31 | 4.40 | 7.15 | 7.01 | 1.14 | 6.81 | 6.03 | 6.26 | 6.00 |
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 | 2.12 | 2.12 | 2.11 | 2.06 | 2.10 | 1.98 | 2.27 | 2.24 | 2.17 | 2.58 | 2.75 |
| Quick Ratio | 1.30 | 1.30 | 1.26 | 1.31 | 1.40 | 1.27 | 1.39 | 1.50 | 1.42 | 1.81 | 1.94 |
| Cash Ratio | 0.06 | 0.06 | 0.06 | 0.07 | 0.12 | 0.11 | 0.12 | 0.13 | 0.18 | 0.58 | 0.55 |
| Asset Turnover | — | 0.87 | 0.89 | 0.87 | 0.88 | 0.83 | 0.89 | 0.93 | 0.91 | 0.81 | 0.79 |
| Inventory Turnover | 3.07 | 3.07 | 3.02 | 3.47 | 3.89 | 3.51 | 3.44 | 3.90 | 3.78 | 3.61 | 3.55 |
| Days Sales Outstanding | — | 118.29 | 114.18 | 125.49 | 119.02 | 121.07 | 108.26 | 119.92 | 106.95 | 106.36 | 104.17 |
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 | 0.3% | 0.6% | 0.5% | 0.9% | 1.5% | 1.3% | 1.2% | 1.2% | 0.6% | — | — |
| Payout Ratio | 15.5% | 15.5% | 17.1% | 19.9% | 21.2% | 20.4% | 273.9% | 20.0% | 18.8% | — | — |
| 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% | 3.6% | 3.2% | 4.7% | 6.9% | 6.4% | 0.4% | 6.3% | 3.1% | 4.7% | 5.8% |
| FCF Yield | 1.0% | 2.0% | 0.7% | — | 4.8% | 6.7% | 9.0% | 2.2% | 0.3% | 4.7% | 6.8% |
| Buyback Yield | 1.3% | 2.6% | 0.9% | 0.8% | 2.1% | 1.3% | 10.9% | 1.4% | 0.3% | 0.3% | 3.5% |
| Total Shareholder Yield | 1.6% | 3.2% | 1.5% | 1.8% | 3.6% | 2.6% | 12.1% | 2.7% | 0.8% | 0.3% | 3.5% |
| Shares Outstanding | — | $32M | $32M | $32M | $32M | $32M | $33M | $35M | $36M | $36M | $37M |
Working capital volatility
Based on reported figures, Moog trades at a P/E of 58.03, which appears to price in significant long-term growth expectations that may be disconnected from the company's historical earnings volatility and the cyclical nature of its primary aerospace and defense platform integration contracts.
The elevated P/E multiple suggests that investors are paying a premium for the company's proprietary flight-critical technology rather than its immediate earnings power. While the PEG ratio of 0.63 implies potential undervaluation relative to growth, this metric warrants skepticism given the historical instability of net income and the reliance on percentage-of-completion accounting.
According to recent financial statements, Moog's ROIC has remained stagnant, hovering between 2.5% and 3.4% over the last ten quarters, which suggests that the company is struggling to generate meaningful returns on its invested capital despite its dominant position in specialized aerospace motion control systems.
The low ROIC relative to peers like Curtiss-Wright indicates that Moog's heavy investment in R&D and testing facilities may be diluting overall capital efficiency. Investors should monitor whether the company can improve its asset turnover, which has remained consistently low at approximately 0.22, to drive better returns on its capital base.
As reported in financial statements, Moog's cash conversion cycle remains elevated at 180 days in 2026Q2, driven by high DSO and DIO figures that highlight the inherent inefficiencies of managing long-cycle, project-based defense contracts within a complex global supply chain environment.
The persistent length of the cash conversion cycle suggests that Moog lacks significant leverage over its customers and suppliers, forcing the company to tie up substantial capital in inventory and receivables. This structural inefficiency appears to be a primary driver of the company's erratic free cash flow generation.
Based on recent SEC filings, Moog has successfully reduced its debt-to-equity ratio to 0.31 in 2026Q2 from a peak of 0.64 in 2025Q2, suggesting a strategic shift toward strengthening the balance sheet to mitigate interest rate sensitivity in a capital-intensive industrial environment.
While the reduction in leverage is a positive development, the interest coverage ratio of 7.24 remains moderate, indicating that debt service remains manageable but sensitive to any potential earnings compression. The company's ability to maintain this lower leverage profile will be critical for funding future R&D without relying on expensive external financing.
The P/E ratio is frequently misapplied to Moog's business model because it fails to account for the significant non-cash charges and accounting adjustments inherent in long-term defense contracts, which can artificially depress or inflate reported earnings in any given quarter.
Investors should instead focus on EV/EBITDA or P/FCF to better capture the company's underlying cash-generating capacity, as these metrics are less susceptible to the distortions of percentage-of-completion accounting. Relying on P/E alone obscures the true operational performance of the company's high-margin aftermarket support services.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MOG-A stock.
Moog Inc.'s current P/E ratio is 56.2x. The historical average is 18.9x. This places it at the 100th percentile of its historical range.
Moog Inc.'s current EV/EBITDA is 27.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.1x.
Moog Inc.'s return on equity (ROE) is 12.3%. The historical average is 11.3%.
Based on historical data, Moog Inc. is trading at a P/E of 56.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Moog Inc.'s current dividend yield is 0.28% with a payout ratio of 15.5%.
Moog Inc. has 27.4% gross margin and 10.6% operating margin. Operating margin between 10-20% is typical for established companies.
Moog Inc.'s Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.