Latest Ratios: P/E Ratio 13.9x · EV/EBITDA 9.8x · ROE 15.6%. (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 | $3.8B | $3.4B | $3.1B | $3.6B | $2.5B | $3.0B | $1.7B | $2.0B | $2.0B | $1.8B | $1.6B |
| Enterprise Value | $4.5B | $4.1B | $3.8B | $4.2B | $3.2B | $3.8B | $2.6B | $2.7B | $2.6B | $2.4B | $2.2B |
| P/E Ratio → | 13.87 | 12.34 | 10.30 | 12.14 | 8.66 | 16.88 | 18.21 | 23.64 | 24.10 | 24.42 | 25.34 |
| P/S Ratio | 2.92 | 2.61 | 2.33 | 2.65 | 1.69 | 2.50 | 1.96 | 2.23 | 2.16 | 2.08 | 1.97 |
| P/B Ratio | 2.06 | 1.83 | 1.86 | 2.48 | 2.02 | 3.01 | 2.00 | 2.62 | 2.72 | 2.54 | 2.36 |
| P/FCF | 38.93 | 34.76 | 33.02 | 30.44 | 11.28 | 50.27 | — | — | 52.08 | 43.45 | 742.94 |
| P/OCF | 9.87 | 8.82 | 6.86 | 8.83 | 6.32 | 12.92 | 8.22 | 11.07 | 13.80 | 10.18 | 9.67 |
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 | — | 3.16 | 2.87 | 3.15 | 2.17 | 3.21 | 2.91 | 2.99 | 2.82 | 2.77 | 2.68 |
| EV / EBITDA | 9.77 | 8.89 | 7.85 | 8.92 | 6.57 | 11.26 | 11.25 | 12.89 | 12.68 | 11.85 | 11.68 |
| EV / EBIT | 13.10 | 11.92 | 9.36 | 10.59 | 8.07 | 15.32 | 17.19 | 20.24 | 20.32 | 18.58 | 18.84 |
| EV / FCF | — | 42.09 | 40.66 | 36.19 | 14.55 | 64.64 | — | — | 68.07 | 57.88 | 1013.37 |
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 | 27.8% | 27.8% | 43.8% | 41.9% | 39.1% | 35.4% | 33.9% | 30.4% | 29.6% | 30.3% | 29.8% |
| Operating Margin | 26.5% | 26.5% | 28.6% | 28.0% | 26.7% | 20.9% | 16.6% | 14.7% | 14.1% | 14.9% | 13.8% |
| Net Profit Margin | 21.2% | 21.2% | 22.7% | 21.8% | 19.5% | 14.8% | 10.8% | 9.4% | 9.0% | 8.5% | 7.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.6% | 15.6% | 19.4% | 22.1% | 25.7% | 19.0% | 11.6% | 11.5% | 11.6% | 10.6% | 9.8% |
| ROA | 7.2% | 7.2% | 8.8% | 9.6% | 10.0% | 6.6% | 4.0% | 4.0% | 4.1% | 3.7% | 3.3% |
| ROIC | 10.4% | 10.4% | 12.7% | 14.0% | 15.5% | 10.5% | 6.9% | 7.2% | 7.4% | 7.5% | 7.3% |
| ROCE | 9.9% | 9.9% | 12.1% | 13.5% | 15.5% | 11.1% | 7.0% | 6.8% | 7.1% | 7.3% | 6.8% |
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 | 0.59 | 0.59 | 0.61 | 0.63 | 0.68 | 0.86 | 0.97 | 0.92 | 0.84 | 0.87 | 0.87 |
| Debt / EBITDA | 2.38 | 2.38 | 2.08 | 1.90 | 1.72 | 2.51 | 3.68 | 3.37 | 2.98 | 3.03 | 3.15 |
| Net Debt / Equity | — | 0.39 | 0.43 | 0.47 | 0.59 | 0.86 | 0.97 | 0.89 | 0.83 | 0.84 | 0.86 |
| Net Debt / EBITDA | 1.55 | 1.55 | 1.47 | 1.42 | 1.48 | 2.50 | 3.67 | 3.27 | 2.98 | 2.95 | 3.12 |
| Debt / FCF | — | 7.33 | 7.64 | 5.75 | 3.27 | 14.37 | — | — | 15.99 | 14.43 | 270.43 |
| Interest Coverage | 7.32 | 7.32 | 9.77 | 10.65 | 10.93 | 6.63 | 4.37 | 4.32 | 4.19 | 4.28 | 3.59 |
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 | 2.28 | 2.28 | 2.03 | 1.84 | 1.91 | 0.95 | 0.54 | 1.34 | 1.42 | 0.93 | 0.96 |
| Quick Ratio | 1.83 | 1.83 | 1.55 | 1.36 | 1.29 | 0.57 | 0.33 | 0.83 | 0.79 | 0.59 | 0.58 |
| Cash Ratio | 1.26 | 1.26 | 0.95 | 0.74 | 0.50 | 0.00 | 0.00 | 0.11 | 0.01 | 0.06 | — |
| Asset Turnover | — | 0.33 | 0.36 | 0.42 | 0.50 | 0.43 | 0.35 | 0.40 | 0.45 | 0.42 | 0.42 |
| Inventory Turnover | 5.94 | 5.94 | 5.02 | 5.24 | 6.10 | 5.20 | 6.38 | 6.54 | 6.07 | 6.73 | 6.74 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 | 2.3% | 2.6% | 2.5% | 2.0% | 2.8% | 2.2% | 3.5% | 2.7% | 2.7% | 2.9% | 3.1% |
| Payout Ratio | 31.9% | 31.9% | 25.9% | 24.8% | 24.2% | 36.7% | 62.9% | 64.2% | 64.6% | 69.9% | 77.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 8.1% | 9.7% | 8.2% | 11.5% | 5.9% | 5.5% | 4.2% | 4.1% | 4.1% | 3.9% |
| FCF Yield | 2.6% | 2.9% | 3.0% | 3.3% | 8.9% | 2.0% | — | — | 1.9% | 2.3% | 0.1% |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.0% |
| Total Shareholder Yield | 2.3% | 2.6% | 2.7% | 2.1% | 2.9% | 2.2% | 3.6% | 2.9% | 2.8% | 3.0% | 3.1% |
| Shares Outstanding | — | $42M | $42M | $42M | $42M | $42M | $41M | $40M | $40M | $40M | $39M |
Cyclical non-regulated earnings volatility
According to current market data, OTTR trades at a TTM P/E of 13.84, which appears to discount the company's regulated utility stability by conflating it with the cyclical volatility inherent in its manufacturing and plastics segments, warranting a closer look at normalized earnings power.
The market's valuation of OTTR suggests a persistent conglomerate discount, as investors struggle to assign a consistent multiple to a business that blends regulated utility returns with commodity-sensitive industrial margins. This valuation appears anchored to the expectation that the outsized profits from the plastics segment are transitory, potentially obscuring the underlying value of the regulated electric rate base.
Based on reported financial statements, OTTR maintains a debt-to-capital ratio of 0.39 as of 2026Q1, a level that remains exceptionally conservative for the utility sector and provides the company with significant financial headroom to fund infrastructure projects without resorting to dilutive equity issuance.
The company's low leverage profile suggests a disciplined approach to capital structure that stands in stark contrast to more highly levered regional peers. This balance sheet strength appears to be a strategic choice, allowing management to navigate cyclical downturns in the plastics segment while maintaining consistent investment in regulated utility assets.
As indicated by the 33.4% dividend payout ratio in 2026Q1, OTTR's dividend appears well-supported by the combined cash flows of its regulated and non-regulated segments, providing a reliable income stream that is less vulnerable to the regulatory lag often seen in pure-play utility models.
The relatively low payout ratio suggests that the company prioritizes internal funding of its capital expenditure program over aggressive dividend growth. This strategy appears to preserve the integrity of the balance sheet, ensuring that the dividend remains secure even during periods of cyclical margin compression in the manufacturing business.
The most commonly misapplied metric for OTTR is the consolidated P/E ratio, which fails to account for the distinct earnings profiles of the regulated utility versus the cyclical plastics segment, thereby distorting the perceived valuation of the company's core infrastructure assets compared to pure-play utility peers.
Investors should monitor the 'normalized' P/E ratio, which adjusts for the cyclicality of the plastics segment, rather than relying on the headline TTM P/E. Using a standard utility multiple on consolidated earnings may lead to an inaccurate assessment of the company's long-term growth prospects and risk profile.
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 OTTR stock.
Otter Tail Corporation's current P/E ratio is 13.9x. The historical average is 19.9x. This places it at the 19th percentile of its historical range.
Otter Tail Corporation's current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.3x.
Otter Tail Corporation's return on equity (ROE) is 15.6%. The historical average is 11.7%.
Based on historical data, Otter Tail Corporation is trading at a P/E of 13.9x. This is at the 19th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Otter Tail Corporation's current dividend yield is 2.30% with a payout ratio of 31.9%.
Otter Tail Corporation has 27.8% gross margin and 26.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Otter Tail Corporation's Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.