Latest Ratios: P/E Ratio -126.0x · EV/EBITDA 7.7x · ROE -1.0%. (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 | $2.3B | $1.9B | $2.5B | $2.3B | $2.0B | $2.5B | $2.1B | $2.0B | $1.8B | $2.5B | $2.7B |
| Enterprise Value | $3.0B | $2.6B | $3.2B | $3.1B | $2.9B | $3.2B | $2.8B | $2.8B | $2.6B | $3.2B | $3.6B |
| P/E Ratio → | -126.02 | — | 14.74 | 27.64 | 16.28 | 15.05 | 18.88 | 15.25 | 10.81 | 12.56 | 20.38 |
| P/S Ratio | 1.11 | 0.92 | 1.16 | 1.07 | 0.94 | 1.33 | 1.33 | 1.13 | 1.01 | 1.46 | 1.66 |
| P/B Ratio | 1.33 | 1.09 | 1.38 | 1.38 | 1.23 | 1.57 | 1.42 | 1.41 | 1.32 | 1.92 | 2.64 |
| P/FCF | 26.66 | 22.10 | 16.76 | 16.59 | 85.11 | 16.89 | 12.91 | 11.67 | 14.48 | 18.72 | 16.71 |
| P/OCF | 11.92 | 9.88 | 10.41 | 9.95 | 18.84 | 10.64 | 8.83 | 8.49 | 9.04 | 11.81 | 12.08 |
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 | — | 1.27 | 1.49 | 1.42 | 1.35 | 1.75 | 1.73 | 1.54 | 1.46 | 1.91 | 2.21 |
| EV / EBITDA | 7.72 | 6.71 | 8.02 | 7.94 | 8.05 | 9.47 | 8.85 | 8.14 | 7.52 | 9.18 | 10.28 |
| EV / EBIT | 10.54 | 9.16 | 11.03 | 17.99 | 14.04 | 13.38 | 15.45 | 13.64 | 10.54 | 13.70 | 16.08 |
| EV / FCF | — | 30.38 | 21.46 | 21.94 | 122.40 | 22.19 | 16.72 | 15.95 | 20.88 | 24.51 | 22.21 |
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 | 24.4% | 24.4% | 25.3% | 22.8% | 21.3% | 23.5% | 24.8% | 24.1% | 25.0% | 27.4% | 27.6% |
| Operating Margin | 13.9% | 13.9% | 13.5% | 12.9% | 11.9% | 13.0% | 13.1% | 13.0% | 14.4% | 15.7% | 15.7% |
| Net Profit Margin | -0.9% | -0.9% | 7.9% | 3.9% | 5.7% | 8.8% | 7.0% | 7.4% | 9.3% | 11.6% | 8.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.0% | -1.0% | 9.6% | 5.1% | 7.7% | 10.7% | 7.7% | 9.4% | 12.7% | 16.9% | 13.6% |
| ROA | -0.5% | -0.5% | 5.0% | 2.5% | 3.6% | 5.0% | 3.6% | 4.3% | 5.6% | 6.7% | 4.6% |
| ROIC | 8.7% | 8.7% | 8.7% | 8.5% | 7.8% | 8.1% | 7.3% | 8.0% | 9.2% | 9.9% | 9.9% |
| ROCE | 9.7% | 9.7% | 9.7% | 9.7% | 8.6% | 8.2% | 7.4% | 8.6% | 9.7% | 10.1% | 9.8% |
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 | 0.60 | 0.60 | 0.57 | 0.63 | 0.69 | 0.68 | 0.66 | 0.69 | 0.73 | 0.76 | 1.05 |
| Debt / EBITDA | 2.67 | 2.67 | 2.61 | 2.75 | 3.15 | 3.14 | 3.20 | 2.90 | 2.90 | 2.77 | 3.08 |
| Net Debt / Equity | — | 0.41 | 0.39 | 0.44 | 0.54 | 0.49 | 0.42 | 0.52 | 0.58 | 0.59 | 0.87 |
| Net Debt / EBITDA | 1.83 | 1.83 | 1.76 | 1.93 | 2.45 | 2.26 | 2.02 | 2.18 | 2.30 | 2.17 | 2.54 |
| Debt / FCF | — | 8.28 | 4.71 | 5.34 | 37.29 | 5.30 | 3.81 | 4.28 | 6.40 | 5.79 | 5.50 |
| Interest Coverage | 4.80 | 4.80 | 4.59 | 2.71 | 4.31 | 5.98 | 4.44 | 4.46 | 5.45 | 5.40 | 4.13 |
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 | 2.08 | 2.08 | 2.84 | 2.40 | 2.13 | 2.45 | 3.49 | 2.31 | 2.29 | 2.75 | 2.54 |
| Quick Ratio | 1.45 | 1.45 | 1.98 | 1.69 | 1.44 | 1.74 | 2.66 | 1.67 | 1.67 | 2.04 | 1.91 |
| Cash Ratio | 0.60 | 0.60 | 0.85 | 0.70 | 0.50 | 0.73 | 1.26 | 0.61 | 0.56 | 0.69 | 0.64 |
| Asset Turnover | — | 0.60 | 0.62 | 0.65 | 0.62 | 0.55 | 0.50 | 0.58 | 0.59 | 0.56 | 0.57 |
| Inventory Turnover | 4.47 | 4.47 | 4.63 | 5.15 | 4.80 | 4.77 | 4.83 | 5.37 | 5.66 | 5.55 | 6.34 |
| Days Sales Outstanding | — | 70.46 | 66.37 | 67.13 | 69.38 | 72.24 | 84.45 | 76.67 | 78.21 | 83.42 | 76.05 |
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 | 0.6% | 0.7% | 0.5% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% |
| Payout Ratio | — | — | 7.9% | 9.6% | 5.3% | 4.1% | 6.0% | 5.3% | 4.2% | 3.6% | 5.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 6.8% | 3.6% | 6.1% | 6.6% | 5.3% | 6.6% | 9.3% | 8.0% | 4.9% |
| FCF Yield | 3.8% | 4.5% | 6.0% | 6.0% | 1.2% | 5.9% | 7.7% | 8.6% | 6.9% | 5.3% | 6.0% |
| Buyback Yield | 2.5% | 3.1% | 2.6% | 0.6% | 2.8% | 3.0% | 1.9% | 2.0% | 1.2% | 0.0% | 0.1% |
| Total Shareholder Yield | 3.1% | 3.8% | 3.1% | 1.0% | 3.1% | 3.3% | 2.2% | 2.4% | 1.6% | 0.3% | 0.4% |
| Shares Outstanding | — | $31M | $32M | $33M | $33M | $34M | $34M | $35M | $36M | $36M | $35M |
Cyclical end-market exposure
Based on reported figures, MTX trades at a forward P/E of 12.72, which appears to reflect a persistent market discount compared to higher-growth specialty chemical peers, likely due to the company's heavy exposure to the mature paper and steel production cycles rather than secular growth drivers.
The current negative TTM P/E of -135.25 is heavily distorted by non-recurring charges, making the forward multiple a more reliable, albeit still conservative, indicator of investor sentiment. This valuation suggests the market is pricing MTX as a legacy industrial supplier, potentially overlooking the margin-accretive transition of the Performance Materials segment into consumer-facing markets.
According to recent financial statements, MTX's net margin has faced significant pressure, recently dipping to -0.89%, which suggests that inflationary costs and non-operating charges are currently outpacing the pricing power inherent in the company's long-term, take-or-pay satellite plant contracts.
While gross margins remain relatively stable in the 24% range, the volatility in net profitability indicates that the company's high-fixed-cost structure is struggling to absorb external shocks. Investors should monitor whether the recent margin contraction is a structural shift or a temporary impact from legal and impairment-related accounting noise.
As reported in quarterly filings, MTX's ROIC has hovered in the low single digits, specifically 1.9% in 2025Q4, which indicates that the company is currently failing to generate returns that exceed its cost of capital, largely due to the heavy asset base required for mining and satellite operations.
The persistent gap between invested capital and returns suggests that the company's capital allocation strategy is currently in a value-neutral phase. Further improvement in ROIC will likely depend on the company's ability to increase capacity utilization across its global satellite network without requiring proportional increases in capital expenditure.
Based on recent data, the cash conversion cycle has trended toward 113 days in 2025Q4, reflecting the inherent logistical complexity of managing inventory across geographically dispersed mining and manufacturing sites, which appears to be a structural drag on the company's overall operational efficiency.
The elevated DSO of 74 days suggests that MTX may be offering extended payment terms to its large-scale industrial customers, which could be a strategic necessity to maintain long-term contracts. This working capital intensity warrants close monitoring, as any further extension in the cycle could negatively impact free cash flow generation.
The P/E ratio is frequently misapplied to MTX, as it fails to account for the significant non-operating charges and impairment risks that frequently distort the company's bottom line, thereby obscuring the true cash-generating capacity of its specialty mineral and refractory business segments.
Analysts should instead prioritize EV/EBITDA or P/FCF to better evaluate the company's performance, as these metrics strip away the accounting noise associated with historical litigation and asset depreciation. Relying on P/E in this context may lead to an inaccurate assessment of the company's valuation relative to its peers.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MTX stock.
Minerals Technologies Inc.'s current P/E ratio is -126.0x. The historical average is 18.5x.
Minerals Technologies Inc.'s current EV/EBITDA is 7.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
Minerals Technologies Inc.'s return on equity (ROE) is -1.0%. The historical average is 8.5%.
Based on historical data, Minerals Technologies Inc. is trading at a P/E of -126.0x. Compare with industry peers and growth rates for a complete picture.
Minerals Technologies Inc.'s current dividend yield is 0.61%.
Minerals Technologies Inc. has 24.4% gross margin and 13.9% operating margin. Operating margin between 10-20% is typical for established companies.
Minerals Technologies Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.