Latest Ratios: P/E Ratio -56.1x · EV/EBITDA 8.8x · ROE -2.1%. (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 | $2.4B | $2.4B | $4.0B | $6.9B | $7.9B | $9.4B | $3.9B | $2.8B | $3.4B | $6.0B | $4.2B |
| Enterprise Value | $5.6B | $5.6B | $7.0B | $9.8B | $10.6B | $12.4B | $7.9B | $6.3B | $6.4B | $9.4B | $7.7B |
| P/E Ratio → | -56.05 | — | 37.14 | 15.11 | 5.92 | 7.23 | — | — | 10.31 | 10.91 | — |
| P/S Ratio | 0.35 | 0.35 | 0.62 | 1.02 | 0.84 | 1.05 | 0.67 | 0.46 | 0.49 | 0.96 | 0.76 |
| P/B Ratio | 1.23 | 1.24 | 1.97 | 3.06 | 3.09 | 3.54 | 2.67 | 1.16 | 1.20 | 2.18 | 1.86 |
| P/FCF | 9.53 | 9.63 | 13.11 | 9.41 | 4.67 | 6.09 | 28.92 | 12.08 | 6.48 | 16.91 | 13.01 |
| P/OCF | 4.98 | 5.03 | 8.03 | 7.13 | 4.09 | 5.39 | 8.96 | 4.54 | 3.73 | 9.24 | 7.01 |
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 | — | 0.83 | 1.07 | 1.43 | 1.13 | 1.39 | 1.38 | 1.03 | 0.93 | 1.50 | 1.38 |
| EV / EBITDA | 8.80 | 8.84 | 8.61 | 7.87 | 4.46 | 5.08 | — | 8.13 | 5.04 | 10.97 | 11.95 |
| EV / EBIT | 49.35 | 54.91 | 19.71 | 12.62 | 5.80 | 6.47 | — | 23.71 | 10.65 | 21.77 | 25.21 |
| EV / FCF | — | 22.64 | 22.76 | 13.28 | 6.30 | 8.02 | 59.05 | 27.20 | 12.32 | 26.48 | 23.57 |
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 | 7.4% | 7.4% | 11.3% | 17.0% | 23.3% | 25.7% | 6.7% | 10.9% | 14.6% | 12.2% | 10.9% |
| Operating Margin | 1.7% | 1.7% | 4.5% | 10.4% | 19.0% | 20.8% | -13.0% | 2.9% | 9.7% | 4.7% | 1.9% |
| Net Profit Margin | -0.6% | -0.6% | 1.7% | 6.7% | 14.2% | 14.6% | -16.8% | -0.2% | 4.7% | 8.8% | -0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.1% | -2.1% | 5.0% | 19.1% | 51.1% | 63.2% | -50.1% | -0.4% | 11.7% | 21.9% | -0.2% |
| ROA | -0.6% | -0.6% | 1.4% | 5.8% | 16.0% | 15.4% | -11.1% | -0.1% | 3.6% | 6.1% | -0.0% |
| ROIC | 1.7% | 1.7% | 4.4% | 10.3% | 24.4% | 25.0% | -9.8% | 2.3% | 8.4% | 3.8% | 1.4% |
| ROCE | 1.9% | 1.9% | 4.9% | 11.2% | 26.7% | 26.6% | -9.8% | 2.2% | 8.4% | 3.7% | 1.3% |
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 | 1.76 | 1.76 | 1.53 | 1.33 | 1.16 | 1.19 | 2.92 | 1.54 | 1.14 | 1.31 | 1.59 |
| Debt / EBITDA | 5.34 | 5.34 | 3.87 | 2.43 | 1.24 | 1.30 | — | 4.80 | 2.53 | 4.22 | 5.64 |
| Net Debt / Equity | — | 1.67 | 1.45 | 1.26 | 1.08 | 1.12 | 2.78 | 1.45 | 1.08 | 1.23 | 1.51 |
| Net Debt / EBITDA | 5.08 | 5.08 | 3.65 | 2.29 | 1.16 | 1.22 | — | 4.52 | 2.39 | 3.97 | 5.35 |
| Debt / FCF | — | 13.01 | 9.65 | 3.86 | 1.63 | 1.93 | 30.13 | 15.12 | 5.84 | 9.57 | 10.56 |
| Interest Coverage | 0.54 | 0.54 | 1.93 | 4.29 | 12.71 | 5.49 | -0.06 | 1.09 | 2.49 | 1.98 | 1.58 |
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 | 1.35 | 1.35 | 1.27 | 1.29 | 1.38 | 1.34 | 1.43 | 1.58 | 1.53 | 1.78 | 1.68 |
| Quick Ratio | 0.81 | 0.81 | 0.77 | 0.73 | 0.78 | 0.82 | 0.87 | 0.94 | 0.89 | 1.07 | 0.99 |
| Cash Ratio | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 | 0.11 | 0.16 | 0.20 | 0.16 | 0.23 | 0.20 |
| Asset Turnover | — | 0.93 | 0.86 | 0.89 | 1.17 | 1.05 | 0.70 | 0.67 | 0.77 | 0.68 | 0.63 |
| Inventory Turnover | 8.00 | 8.00 | 7.05 | 6.61 | 7.64 | 7.62 | 7.97 | 7.83 | 8.34 | 8.06 | 7.84 |
| Days Sales Outstanding | — | 49.04 | 56.89 | 47.54 | 37.67 | 45.34 | 49.82 | 46.26 | 41.10 | 43.68 | 46.06 |
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 | 3.9% | 3.8% | 2.3% | 1.5% | 1.5% | 1.4% | 3.3% | 4.6% | 3.9% | 2.2% | 3.1% |
| Payout Ratio | — | — | 86.7% | 21.9% | 8.8% | 9.9% | — | — | 40.7% | 24.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 2.7% | 6.6% | 16.9% | 13.8% | — | — | 9.7% | 9.2% | — |
| FCF Yield | 10.5% | 10.4% | 7.6% | 10.6% | 21.4% | 16.4% | 3.5% | 8.3% | 15.4% | 5.9% | 7.7% |
| Buyback Yield | 2.1% | 2.1% | 7.4% | 10.2% | 17.2% | 2.7% | 0.0% | 5.2% | 1.5% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.0% | 6.0% | 9.8% | 11.7% | 18.7% | 4.0% | 3.3% | 9.8% | 5.4% | 2.2% | 3.1% |
| Shares Outstanding | — | $115M | $120M | $129M | $149M | $163M | $158M | $162M | $168M | $169M | $165M |
Cyclical Margin Compression
According to recent market data, Olin's forward P/E of 247.21 suggests that investors are pricing in a significant earnings recovery, while the P/S ratio of 0.36 indicates that the market is heavily discounting the company's revenue potential relative to its historical valuation averages and peer group.
The extreme forward P/E multiple implies that current earnings estimates are near a cyclical floor, making traditional valuation metrics less reliable for assessing long-term value. Investors should monitor whether the current P/S discount is a reflection of structural impairment or merely a temporary reaction to the ongoing industrial downturn.
Based on reported financial statements, Olin's ROIC has trended downward from 2.0% in 2024Q2 to -0.9% in 2026Q1, signaling that the company is currently failing to generate returns that exceed its cost of capital as the industrial cycle remains in a persistent state of contraction.
The decay in ROIC highlights the difficulty of maintaining efficient capital deployment when margins are compressed by high fixed costs and weak demand. This trend suggests that management's capital allocation strategy may be struggling to offset the impact of declining operational efficiency across the CAPV and Epoxy segments.
As reported in recent filings, Olin's cash conversion cycle has remained elevated at 49 days in 2026Q1, reflecting persistent challenges in managing inventory and receivables effectively during a period of sluggish industrial demand and reduced customer purchasing power across its core chemical segments.
The stability of the CCC despite declining revenue suggests that the company is unable to accelerate its working capital turnover, which further strains liquidity. Investors should monitor whether the company can optimize its inventory levels without further damaging its market position or pricing power.
According to quarterly balance sheet data, Olin's debt-to-equity ratio has climbed to 1.87 in 2026Q1, indicating that the company's financial risk profile is increasing as it relies more heavily on debt to navigate the current downturn while its equity base continues to erode.
The rising leverage ratio, combined with a negative interest coverage ratio of -1.39, suggests that debt service is becoming increasingly burdensome. This warrants further investigation into the company's ability to maintain its current capital structure if the negative margin environment persists through the remainder of the fiscal year.
Data from recent filings suggests that the P/E ratio is the most commonly misapplied metric for Olin, as it obscures the company's true earning power by failing to account for the extreme volatility of the ECU netback and the non-cash impacts of LIFO inventory accounting.
Investors should prioritize EV/EBITDA or FCF-based valuation models, as these metrics better capture the cash-generating potential of the business through the cycle. Relying on P/E during a trough period may lead to an inaccurate assessment of the company's recovery potential and its underlying operational health.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying OLN stock.
Olin Corporation's current P/E ratio is -56.1x. The historical average is 14.6x.
Olin Corporation's current EV/EBITDA is 8.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.0x.
Olin Corporation's return on equity (ROE) is -2.1%. The historical average is 12.7%.
Based on historical data, Olin Corporation is trading at a P/E of -56.1x. Compare with industry peers and growth rates for a complete picture.
Olin Corporation's current dividend yield is 3.85%.
Olin Corporation has 7.4% gross margin and 1.7% operating margin.
Olin Corporation's Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.