Latest Ratios: P/E Ratio -22.7x · EV/EBITDA 7.4x · ROE -11.6%. (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 | $11.5B | $9.3B | $15.0B | $13.5B | $8.3B | $9.4B | $8.2B | $7.2B | $4.9B | $10.4B | $6.0B |
| Enterprise Value | $17.3B | $15.1B | $20.2B | $15.1B | $10.5B | $11.6B | $10.8B | $10.2B | $8.2B | $12.6B | $7.9B |
| P/E Ratio → | -22.72 | — | 23.14 | 11.28 | 6.72 | 9.49 | — | 17.70 | 8.99 | 36.05 | 15.12 |
| P/S Ratio | 1.13 | 0.92 | 1.36 | 1.39 | 0.85 | 1.11 | 1.17 | 1.00 | 0.69 | 1.63 | 1.05 |
| P/B Ratio | 3.05 | 2.40 | 2.92 | 2.59 | 1.80 | 2.18 | 2.09 | 1.53 | 1.13 | 2.48 | 1.53 |
| P/FCF | 11.91 | 9.71 | 12.03 | 11.31 | 6.34 | 8.68 | 9.94 | 12.15 | 18.42 | 15.33 | 10.44 |
| P/OCF | 6.41 | 5.23 | 7.91 | 7.85 | 4.74 | 6.28 | 7.25 | 6.91 | 6.10 | 10.24 | 6.31 |
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 | — | 1.50 | 1.84 | 1.57 | 1.07 | 1.36 | 1.53 | 1.42 | 1.16 | 1.97 | 1.40 |
| EV / EBITDA | 7.39 | 6.49 | 7.41 | 6.35 | 4.58 | 6.32 | 7.98 | 7.89 | 6.29 | 9.94 | 7.19 |
| EV / EBIT | 10.03 | 41.94 | 17.95 | 9.09 | 6.56 | 8.03 | — | 13.88 | 9.82 | 18.88 | 11.39 |
| EV / FCF | — | 15.74 | 16.25 | 12.70 | 7.96 | 10.67 | 13.03 | 17.27 | 30.76 | 18.51 | 13.93 |
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 | 28.5% | 28.5% | 30.0% | 29.3% | 27.8% | 26.1% | 23.3% | 22.7% | 23.4% | 25.0% | 25.0% |
| Operating Margin | 17.0% | 17.0% | 19.2% | 19.5% | 18.5% | 16.1% | 12.7% | 11.8% | 12.3% | 14.0% | 13.4% |
| Net Profit Margin | -5.2% | -5.2% | 5.9% | 12.4% | 12.7% | 11.7% | -5.4% | 5.7% | 7.7% | 4.5% | 6.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.6% | -11.6% | 12.5% | 24.3% | 27.7% | 24.0% | -8.9% | 9.0% | 12.8% | 7.1% | 10.3% |
| ROA | -3.9% | -3.9% | 5.1% | 10.9% | 12.0% | 10.2% | -3.9% | 4.1% | 5.9% | 3.5% | 5.2% |
| ROIC | 12.9% | 12.9% | 18.3% | 20.8% | 20.5% | 15.8% | 9.5% | 8.3% | 9.3% | 10.9% | 10.0% |
| ROCE | 15.6% | 15.6% | 20.4% | 21.5% | 21.3% | 16.7% | 10.7% | 9.8% | 10.9% | 12.7% | 11.7% |
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 | 1.58 | 1.58 | 1.10 | 0.63 | 0.70 | 0.72 | 0.83 | 0.68 | 0.78 | 0.57 | 0.54 |
| Debt / EBITDA | 2.64 | 2.64 | 2.06 | 1.37 | 1.41 | 1.70 | 2.43 | 2.47 | 2.59 | 1.91 | 1.90 |
| Net Debt / Equity | — | 1.49 | 1.03 | 0.32 | 0.46 | 0.50 | 0.65 | 0.65 | 0.76 | 0.51 | 0.51 |
| Net Debt / EBITDA | 2.49 | 2.49 | 1.93 | 0.70 | 0.93 | 1.18 | 1.90 | 2.34 | 2.53 | 1.71 | 1.80 |
| Debt / FCF | — | 6.03 | 4.22 | 1.39 | 1.62 | 1.99 | 3.10 | 5.12 | 12.35 | 3.19 | 3.49 |
| Interest Coverage | 1.41 | 1.41 | 5.32 | 21.93 | 14.62 | 11.46 | -0.88 | 5.60 | 7.12 | 6.22 | 6.45 |
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 | 1.26 | 1.26 | 1.47 | 1.69 | 1.69 | 1.82 | 1.81 | 1.55 | 1.58 | 1.55 | 1.65 |
| Quick Ratio | 0.70 | 0.70 | 0.78 | 1.17 | 1.06 | 1.19 | 1.22 | 0.77 | 0.74 | 0.89 | 0.91 |
| Cash Ratio | 0.13 | 0.13 | 0.16 | 0.69 | 0.52 | 0.57 | 0.50 | 0.13 | 0.06 | 0.19 | 0.12 |
| Asset Turnover | — | 0.78 | 0.78 | 0.86 | 0.91 | 0.85 | 0.74 | 0.72 | 0.72 | 0.74 | 0.73 |
| Inventory Turnover | 4.90 | 4.90 | 4.84 | 5.71 | 5.29 | 5.83 | 6.33 | 5.36 | 5.04 | 5.70 | 5.99 |
| Days Sales Outstanding | — | 33.85 | 41.37 | 37.23 | 35.94 | 40.33 | 47.55 | 39.25 | 41.07 | 46.08 | 43.59 |
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 | 2.0% | 2.5% | 1.4% | 1.4% | 1.6% | 1.1% | 1.3% | 1.3% | 1.9% | 0.9% | 1.4% |
| Payout Ratio | — | — | 32.1% | 15.7% | 11.0% | 10.9% | — | 23.5% | 16.9% | 30.8% | 20.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 4.3% | 8.9% | 14.9% | 10.5% | — | 5.7% | 11.1% | 2.8% | 6.6% |
| FCF Yield | 8.4% | 10.3% | 8.3% | 8.8% | 15.8% | 11.5% | 10.1% | 8.2% | 5.4% | 6.5% | 9.6% |
| Buyback Yield | 7.1% | 8.7% | 3.3% | 4.9% | 9.5% | 6.0% | 3.9% | 0.9% | 4.8% | 1.5% | 4.2% |
| Total Shareholder Yield | 9.1% | 11.2% | 4.7% | 6.3% | 11.2% | 7.2% | 5.1% | 2.2% | 6.7% | 2.4% | 5.5% |
| Shares Outstanding | — | $83M | $88M | $91M | $98M | $104M | $109M | $110M | $111M | $113M | $115M |
Cyclical demand and impairments
According to recent market data, Owens Corning trades at a forward P/E of 14.28, which appears to discount the company's historical earnings power in favor of pricing in the significant volatility and negative net margins observed in the most recent quarterly financial disclosures.
The current P/E of -21.63 is heavily distorted by recent non-recurring charges, making the forward multiple a more relevant, albeit speculative, metric for investors. This valuation suggests the market is pricing the firm as a cyclical laggard rather than a growth-oriented building products conglomerate, warranting caution until earnings stabilize.
As reported in financial statements, the company's ROIC has compressed to 1.2% in 2026Q1, a sharp decline from the 4.5% levels seen in 2024Q2, indicating that the firm is currently struggling to generate adequate returns on its substantial invested capital base during this downturn.
The decay in ROIC suggests that the high capital intensity required for fiberglass furnace operations is becoming a liability rather than a moat during periods of low volume. Investors should monitor whether the recent Masonite acquisition will dilute these returns further or provide the necessary margin expansion to recover.
Based on the latest quarterly data, the cash conversion cycle has extended to 57 days in 2026Q1, reflecting increased friction in managing inventory and receivables compared to the more efficient 47-day cycle observed in 2023Q4, which complicates the company's ability to maintain liquidity.
The rise in days inventory outstanding to 76 days suggests that the company is struggling to align production volumes with the current contraction in residential demand. This buildup of working capital is likely consuming cash that would otherwise be available to service debt or fund strategic initiatives.
As evidenced by the quarterly filings, the interest coverage ratio has fallen to 1.82 in 2026Q1, a significant deterioration from the 23.50 ratio reported in 2024Q1, indicating that the company's ability to comfortably service its debt obligations is rapidly diminishing amid the current earnings contraction.
While the reported debt-to-equity ratio of 0.36 appears manageable, the volatility in interest coverage suggests that the company's fixed-cost structure is highly sensitive to even minor revenue declines. This trend warrants close monitoring, as further margin compression could trigger covenant concerns or limit future financing flexibility.
Based on an analysis of the business model, the P/E ratio is frequently misapplied to Owens Corning, as it fails to account for the massive non-cash impairments and restructuring charges that currently obscure the company's underlying cash-generative capacity and operational health.
Investors should prioritize EV/EBITDA or P/FCF over P/E, as these metrics better capture the company's ability to generate cash from its core industrial operations regardless of accounting-driven net income volatility. Relying on P/E in this context risks misinterpreting a temporary cyclical trough as a permanent impairment of value.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying OC stock.
Owens Corning's current P/E ratio is -22.7x. The historical average is 18.9x.
Owens Corning's current EV/EBITDA is 7.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.7x.
Owens Corning's return on equity (ROE) is -11.6%. The historical average is 7.1%.
Based on historical data, Owens Corning is trading at a P/E of -22.7x. Compare with industry peers and growth rates for a complete picture.
Owens Corning's current dividend yield is 1.95%.
Owens Corning has 28.5% gross margin and 17.0% operating margin. Operating margin between 10-20% is typical for established companies.
Owens Corning's Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.