Latest Ratios: P/E Ratio 26.8x · EV/EBITDA 19.1x · ROE 8.7%. (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 | $890M | $763M | $702M | $570M | $485M | $579M | $622M | $620M | $819M | $695M | $742M |
| Enterprise Value | $920M | $793M | $694M | $493M | $425M | $479M | $540M | $544M | $762M | $684M | $715M |
| P/E Ratio → | 26.83 | 23.06 | 16.91 | 16.52 | 23.45 | 22.60 | 13.26 | 14.68 | 20.51 | 13.12 | 16.65 |
| P/S Ratio | 1.77 | 1.52 | 1.81 | 1.67 | 1.51 | 1.63 | 1.76 | 2.01 | 2.53 | 2.08 | 2.17 |
| P/B Ratio | 2.25 | 1.93 | 1.91 | 1.60 | 1.39 | 1.62 | 1.66 | 1.69 | 2.24 | 1.90 | 2.12 |
| P/FCF | — | — | — | 13.10 | 62.65 | 18.20 | 16.23 | 96.25 | 12.12 | 43.76 | 12.52 |
| P/OCF | — | — | — | 12.57 | 55.29 | 16.70 | 15.19 | 64.73 | 10.74 | 28.63 | 11.17 |
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 | — | 1.57 | 1.79 | 1.45 | 1.32 | 1.35 | 1.53 | 1.76 | 2.36 | 2.05 | 2.09 |
| EV / EBITDA | 19.14 | 16.49 | 13.81 | 12.02 | 16.68 | 14.53 | 9.12 | 10.87 | 14.08 | 9.55 | 9.26 |
| EV / EBIT | 21.43 | 18.82 | 13.69 | 11.63 | 15.77 | 14.77 | 9.60 | 10.41 | 15.11 | 10.47 | 11.28 |
| EV / FCF | — | — | — | 11.33 | 54.90 | 15.07 | 14.07 | 84.45 | 11.28 | 43.06 | 12.07 |
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 | 16.0% | 16.0% | 20.2% | 19.8% | 17.1% | 18.1% | 24.1% | 23.3% | 23.5% | 26.1% | 25.1% |
| Operating Margin | 8.5% | 8.5% | 11.6% | 10.3% | 6.9% | 8.4% | 15.9% | 15.0% | 14.8% | 18.5% | 18.3% |
| Net Profit Margin | 6.6% | 6.6% | 10.7% | 10.1% | 6.4% | 7.2% | 13.3% | 13.7% | 12.4% | 15.9% | 13.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.7% | 8.7% | 11.5% | 9.8% | 5.9% | 7.0% | 12.7% | 11.5% | 10.9% | 14.8% | 12.9% |
| ROA | 6.9% | 6.9% | 9.3% | 8.1% | 4.9% | 6.0% | 11.1% | 10.2% | 9.7% | 12.8% | 11.1% |
| ROIC | 8.2% | 8.2% | 10.6% | 9.3% | 6.1% | 8.2% | 14.4% | 11.6% | 10.8% | 13.6% | 15.5% |
| ROCE | 10.9% | 10.9% | 12.1% | 9.6% | 6.1% | 8.0% | 14.9% | 12.6% | 13.1% | 17.1% | 18.1% |
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 | 0.08 | 0.08 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | — | — | — |
| Debt / EBITDA | 0.69 | 0.69 | 0.20 | 0.26 | 0.42 | 0.31 | 0.06 | 0.07 | — | — | — |
| Net Debt / Equity | — | 0.08 | -0.02 | -0.22 | -0.17 | -0.28 | -0.22 | -0.21 | -0.16 | -0.03 | -0.08 |
| Net Debt / EBITDA | 0.62 | 0.62 | -0.15 | -1.88 | -2.35 | -3.02 | -1.40 | -1.52 | -1.05 | -0.16 | -0.35 |
| Debt / FCF | — | — | — | -1.77 | -7.75 | -3.13 | -2.16 | -11.80 | -0.84 | -0.71 | -0.46 |
| Interest Coverage | — | — | — | — | 3.29 | — | — | — | — | — | — |
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 | 4.24 | 4.24 | 4.93 | 5.00 | 6.09 | 6.55 | 6.48 | 8.60 | 7.42 | 7.44 | 5.29 |
| Quick Ratio | 1.01 | 1.01 | 1.19 | 2.36 | 3.25 | 3.84 | 4.03 | 5.33 | 5.44 | 5.14 | 3.81 |
| Cash Ratio | 0.04 | 0.04 | 0.30 | 1.58 | 1.78 | 2.71 | 2.81 | 4.03 | 4.03 | 3.42 | 1.73 |
| Asset Turnover | — | 1.00 | 0.86 | 0.77 | 0.78 | 0.84 | 0.81 | 0.75 | 0.78 | 0.81 | 0.82 |
| Inventory Turnover | 1.38 | 1.38 | 1.11 | 1.44 | 1.75 | 2.03 | 1.98 | 1.84 | 2.63 | 2.36 | 2.69 |
| Days Sales Outstanding | — | 64.66 | 59.13 | 53.91 | 83.13 | 57.15 | 58.52 | 52.43 | 67.27 | 71.35 | 71.83 |
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 | 0.8% | 0.9% | 4.6% | 5.0% | 6.6% | 7.6% | 6.8% | 6.8% | 5.1% | 5.5% | 4.7% |
| Payout Ratio | 21.6% | 21.6% | 77.3% | 82.1% | 153.8% | 171.8% | 89.8% | 99.7% | 105.1% | 72.5% | 78.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.7% | 4.3% | 5.9% | 6.1% | 4.3% | 4.4% | 7.5% | 6.8% | 4.9% | 7.6% | 6.0% |
| FCF Yield | — | — | — | 7.6% | 1.6% | 5.5% | 6.2% | 1.0% | 8.2% | 2.3% | 8.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.8% | 0.9% | 4.6% | 5.0% | 6.6% | 7.6% | 6.8% | 6.8% | 5.1% | 5.5% | 4.7% |
| Shares Outstanding | — | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M |
Working capital volatility
Based on current market pricing, NPK's P/E ratio of 27.00 suggests investors are applying a conglomerate discount that may undervalue the firm's specialized defense capabilities, as reported in recent financial filings, while simultaneously ignoring the potential for margin expansion from the company's nascent technology-led safety segment.
The valuation appears to struggle with the disparate nature of the company's business lines, which prevents a clean peer comparison. Investors should monitor whether the market continues to price NPK as a stagnant housewares entity or begins to recognize the growth trajectory of its defense-related contracts.
As reported in quarterly financial statements, NPK's ROIC has remained consistently low, fluctuating between 1.2% and 5.0% over the last ten quarters, which suggests that the company is struggling to generate meaningful returns on its invested capital despite its lack of significant long-term debt obligations.
The low ROIC indicates that the company's capital allocation, while conservative, may not be creating significant shareholder value relative to the risks inherent in its manufacturing segments. This trend warrants further investigation into whether the recent asset base expansion will eventually yield higher returns or continue to dilute overall efficiency.
According to the provided data, the company's cash conversion cycle remains highly inefficient, peaking at 309 days in 2026Q1, which reflects significant challenges in managing inventory turnover and receivables within the defense and retail segments as documented in recent regulatory filings.
The extended DIO and erratic DSO suggest that the company's operational leverage is hampered by the need to hold substantial inventory to meet DOD contract requirements. This inefficiency appears to be a structural drag on cash flow, limiting the firm's ability to maintain a consistent liquidity buffer.
Based on reported figures, NPK's liquidity position has shifted from a robust cash-rich state to a more constrained profile, with cash reserves falling significantly as the company appears to prioritize inventory investment over maintaining the high liquidity buffers observed in previous fiscal periods.
While the current ratio remains above 4.0, the rapid depletion of cash suggests that the company's liquidity is increasingly tied up in working capital rather than readily available assets. Investors should monitor this trend, as it may limit the firm's flexibility to navigate unexpected supply chain disruptions or defense contract delays.
As noted in historical financial data, the P/E ratio is frequently misapplied to NPK, as it fails to account for the lumpy, project-based nature of defense revenue and the significant impact of non-operating cash flows on the company's reported earnings per share.
Using a standard P/E multiple obscures the underlying volatility of the business model, which is better analyzed through EV/EBITDA or free cash flow metrics. Analysts should adjust for the company's sporadic special dividends and working capital swings to gain a clearer picture of the firm's true earning power.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying NPK stock.
National Presto Industries, Inc.'s current P/E ratio is 26.8x. The historical average is 16.6x. This places it at the 97th percentile of its historical range.
National Presto Industries, Inc.'s current EV/EBITDA is 19.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
National Presto Industries, Inc.'s return on equity (ROE) is 8.7%. The historical average is 10.1%.
Based on historical data, National Presto Industries, Inc. is trading at a P/E of 26.8x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
National Presto Industries, Inc.'s current dividend yield is 0.80% with a payout ratio of 21.6%.
National Presto Industries, Inc. has 16.0% gross margin and 8.5% operating margin.
National Presto Industries, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.