Latest Ratios: P/E Ratio -3.2x · EV/EBITDA N/A · ROE -28.9%. (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 | $789M | $656M | $1.1B | $887M | $736M | $694M | $597M | $636M | $519M | $765M | $552M |
| Enterprise Value | $1.6B | $1.4B | $1.9B | $945M | $768M | $760M | $715M | $762M | $701M | $987M | $796M |
| P/E Ratio → | -3.16 | — | 32.29 | 10.74 | 8.33 | 12.19 | 15.56 | — | 19.76 | 40.65 | — |
| P/S Ratio | 0.43 | 0.36 | 0.83 | 0.78 | 0.60 | 0.65 | 0.70 | 0.71 | 0.58 | 0.88 | 0.59 |
| P/B Ratio | 1.09 | 0.90 | 1.05 | 1.63 | 1.58 | 1.65 | 1.68 | 1.93 | 1.32 | 1.88 | 1.50 |
| P/FCF | 7.72 | 6.42 | 20.59 | 8.09 | 11.35 | 12.72 | 7.96 | 8.89 | 6.64 | 17.38 | 11.23 |
| P/OCF | 4.79 | 3.98 | 11.99 | 6.03 | 7.51 | 8.83 | 5.93 | 6.60 | 4.96 | 9.73 | 6.39 |
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 | — | 0.78 | 1.46 | 0.84 | 0.63 | 0.71 | 0.84 | 0.85 | 0.79 | 1.14 | 0.86 |
| EV / EBITDA | — | — | 16.15 | 6.15 | 5.08 | 6.10 | 6.98 | 7.76 | 7.94 | 10.74 | 8.90 |
| EV / EBIT | — | — | 29.68 | 8.98 | 6.84 | 9.20 | 12.88 | — | 19.01 | 28.11 | 25.79 |
| EV / FCF | — | 14.02 | 35.96 | 8.61 | 11.85 | 13.93 | 9.53 | 10.66 | 8.97 | 22.43 | 16.19 |
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 | 27.2% | 27.2% | 23.9% | 24.5% | 22.0% | 22.4% | 22.6% | 22.3% | 21.7% | 22.4% | 23.4% |
| Operating Margin | -10.6% | -10.6% | 4.3% | 9.8% | 9.1% | 7.6% | 6.5% | 5.4% | 4.1% | 4.0% | 3.9% |
| Net Profit Margin | -13.6% | -13.6% | 2.6% | 7.3% | 7.2% | 5.3% | 4.5% | -5.2% | 3.0% | 2.2% | -0.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -28.9% | -28.9% | 4.2% | 16.3% | 20.0% | 14.7% | 11.2% | -12.9% | 6.6% | 4.8% | -0.5% |
| ROA | -11.7% | -11.7% | 2.1% | 10.6% | 12.3% | 8.1% | 5.8% | -6.7% | 3.5% | 2.4% | -0.3% |
| ROIC | -8.8% | -8.8% | 3.4% | 15.1% | 17.0% | 12.8% | 8.9% | 7.1% | 4.5% | 4.2% | 5.2% |
| ROCE | -10.4% | -10.4% | 4.0% | 17.3% | 19.5% | 14.6% | 10.1% | 8.3% | 5.6% | 5.2% | 6.3% |
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 | 1.18 | 1.18 | 0.88 | 0.21 | 0.19 | 0.25 | 0.48 | 0.48 | 0.53 | 0.59 | 0.73 |
| Debt / EBITDA | — | — | 7.75 | 0.76 | 0.58 | 0.85 | 1.66 | 1.60 | 2.39 | 2.61 | 3.01 |
| Net Debt / Equity | — | 1.07 | 0.79 | 0.11 | 0.07 | 0.16 | 0.33 | 0.38 | 0.46 | 0.55 | 0.66 |
| Net Debt / EBITDA | — | — | 6.91 | 0.38 | 0.22 | 0.53 | 1.15 | 1.29 | 2.06 | 2.42 | 2.73 |
| Debt / FCF | — | 7.61 | 15.37 | 0.53 | 0.50 | 1.22 | 1.57 | 1.77 | 2.32 | 5.05 | 4.96 |
| Interest Coverage | -3.35 | -3.35 | 3.04 | 12.93 | 43.89 | 32.66 | 10.59 | -2.73 | 3.32 | 3.66 | 0.85 |
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 | 2.04 | 2.04 | 2.24 | 2.03 | 2.01 | 1.58 | 1.59 | 1.73 | 1.85 | 1.80 | 1.79 |
| Quick Ratio | 1.14 | 1.14 | 1.23 | 1.30 | 1.14 | 0.99 | 1.12 | 1.12 | 1.18 | 0.98 | 1.05 |
| Cash Ratio | 0.27 | 0.27 | 0.36 | 0.43 | 0.39 | 0.25 | 0.40 | 0.28 | 0.28 | 0.16 | 0.22 |
| Asset Turnover | — | 0.93 | 0.55 | 1.36 | 1.69 | 1.49 | 1.23 | 1.39 | 1.20 | 1.12 | 1.19 |
| Inventory Turnover | 5.27 | 5.27 | 3.53 | 8.71 | 7.88 | 8.99 | 10.77 | 10.34 | 10.05 | 7.68 | 8.43 |
| Days Sales Outstanding | — | 40.79 | 58.16 | 34.10 | 28.69 | 36.87 | 37.84 | 33.87 | 34.46 | 33.45 | 32.88 |
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 | 1.9% | 2.3% | 1.1% | 1.2% | 1.4% | 1.6% | 1.8% | 1.7% | 1.4% | 0.7% | 1.0% |
| Payout Ratio | — | — | 36.2% | 12.9% | 12.0% | 18.9% | 27.4% | — | 26.7% | 29.5% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 3.1% | 9.3% | 12.0% | 8.2% | 6.4% | — | 5.1% | 2.5% | — |
| FCF Yield | 13.0% | 15.6% | 4.9% | 12.4% | 8.8% | 7.9% | 12.6% | 11.2% | 15.1% | 5.8% | 8.9% |
| Buyback Yield | 4.1% | 4.9% | 0.0% | 0.6% | 0.9% | 1.6% | 1.2% | 1.5% | 6.2% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.0% | 7.2% | 1.1% | 1.8% | 2.3% | 3.2% | 3.0% | 3.2% | 7.5% | 0.7% | 1.0% |
| Shares Outstanding | — | $46M | $37M | $33M | $33M | $33M | $33M | $33M | $35M | $35M | $34M |
Acquisition integration and leverage
According to current market data, NX trades at a forward P/E of 10.88, yet the negative TTM P/E of -3.31 highlights how acquisition-related charges obscure the company's underlying earnings power, making traditional valuation multiples unreliable indicators of the firm's true fundamental value at this stage of integration.
The divergence between forward and trailing multiples suggests that the market is pricing in a recovery in profitability post-Tyman integration. Investors should monitor whether the company can achieve the projected earnings growth, as the current P/S of 0.45 indicates a significant discount compared to historical averages, likely reflecting heightened skepticism regarding margin sustainability.
Based on reported financial statements, ROIC has plummeted from a peak of 2.8% in 2024Q3 to 0.9% in 2026Q2, illustrating that the company is currently struggling to generate meaningful returns on its expanded capital base following the aggressive acquisition of Tyman plc and subsequent integration costs.
The sharp decline in ROIC suggests that the capital deployed for recent acquisitions has yet to yield accretive returns, potentially due to the heavy amortization of intangibles and operational friction. This trend warrants further investigation into whether the company's core technical moat can eventually drive superior returns on invested capital once the integration phase concludes.
As reported in recent filings, the cash conversion cycle has extended to 76 days in 2026Q2 from a low of 47 days in 2024Q3, indicating that the company's working capital management is currently under stress as it attempts to harmonize operations across a larger, more complex geographic footprint.
The increase in DIO to 66 days suggests that inventory management has become less efficient, likely exacerbated by the integration of new product lines and supply chains. Investors should monitor whether this trend is a temporary byproduct of the Tyman acquisition or a structural deterioration in the company's ability to manage its operational liquidity.
According to quarterly balance sheet data, the debt-to-equity ratio has surged to 1.22 as of 2026Q2, a marked increase from the 0.20 level observed in 2024Q1, signaling that the company's financial risk profile has fundamentally shifted following the debt-funded acquisition of Tyman plc.
The interest coverage ratio has become highly volatile, dropping to 1.59 in 2026Q2, which suggests that debt service is becoming less comfortable in the current high-rate environment. This elevated leverage leaves the company with limited room for error, particularly if the housing market experiences a prolonged downturn that impacts cash flow generation.
The P/E ratio is the most commonly misapplied metric for NX, as it fails to account for the significant non-cash acquisition charges and inventory step-ups that currently distort net income, thereby providing a misleading picture of the company's actual cash-generating capacity and operational health.
Analysts should instead focus on EV/EBITDA or P/FCF, which better capture the underlying cash flows of the business by stripping out the accounting noise associated with recent M&A activity. Relying on P/E in this context risks misinterpreting a temporary accounting-driven loss as a permanent impairment of the company's competitive position.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying NX stock.
Quanex Building Products Corporation's current P/E ratio is -3.2x. The historical average is 16.1x.
Quanex Building Products Corporation's return on equity (ROE) is -28.9%. The historical average is 6.5%.
Based on historical data, Quanex Building Products Corporation is trading at a P/E of -3.2x. Compare with industry peers and growth rates for a complete picture.
Quanex Building Products Corporation's current dividend yield is 1.88%.
Quanex Building Products Corporation has 27.2% gross margin and -10.6% operating margin.