Latest Ratios: P/E Ratio 23.5x · EV/EBITDA 16.4x · ROE 31.1%. (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 | $356.9B | $391.0B | $407.7B | $376.9B | $365.1B | $351.0B | $314.0B | $278.5B | $207.4B | $238.8B | $240.8B |
| Enterprise Value | $382.8B | $416.9B | $431.6B | $404.1B | $390.2B | $373.5B | $333.4B | $304.3B | $236.2B | $264.9B | $264.4B |
| P/E Ratio → | 23.46 | 24.47 | 27.40 | 25.72 | 24.75 | 24.53 | 24.11 | 76.68 | 21.27 | 15.59 | 22.95 |
| P/S Ratio | 4.23 | 4.64 | 4.85 | 4.60 | 4.55 | 4.61 | 4.43 | 4.11 | 3.10 | 3.67 | 3.69 |
| P/B Ratio | 7.17 | 7.48 | 8.06 | 8.01 | 7.79 | 7.52 | 6.70 | 5.85 | 3.92 | 4.28 | 4.15 |
| P/FCF | 25.42 | 27.84 | 24.67 | 27.34 | 26.91 | 22.52 | 21.91 | 23.41 | 18.60 | 25.49 | 19.87 |
| P/OCF | 20.03 | 21.95 | 20.54 | 22.37 | 21.83 | 19.10 | 18.04 | 18.27 | 13.95 | 18.73 | 15.60 |
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 | — | 4.95 | 5.14 | 4.93 | 4.87 | 4.91 | 4.70 | 4.50 | 3.53 | 4.07 | 4.05 |
| EV / EBITDA | 16.43 | 17.90 | 20.13 | 19.38 | 18.92 | 18.03 | 17.81 | 36.62 | 14.58 | 15.97 | 16.00 |
| EV / EBIT | 18.72 | 19.78 | 21.92 | 21.15 | 21.17 | 20.62 | 20.46 | 46.26 | 17.08 | 19.30 | 18.95 |
| EV / FCF | — | 29.69 | 26.12 | 29.31 | 28.76 | 23.97 | 23.27 | 25.58 | 21.18 | 28.27 | 21.81 |
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 | 51.2% | 51.2% | 51.4% | 47.9% | 47.4% | 51.2% | 50.3% | 48.6% | 48.5% | 49.8% | 49.6% |
| Operating Margin | 24.3% | 24.3% | 22.1% | 22.1% | 22.2% | 23.6% | 22.1% | 8.1% | 20.0% | 21.2% | 20.6% |
| Net Profit Margin | 19.0% | 19.0% | 17.7% | 17.9% | 18.4% | 18.8% | 18.4% | 5.8% | 14.6% | 23.6% | 16.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 31.1% | 31.1% | 30.5% | 31.2% | 31.5% | 30.6% | 27.6% | 7.8% | 17.9% | 26.9% | 17.4% |
| ROA | 12.9% | 12.9% | 12.2% | 12.3% | 12.5% | 11.9% | 11.0% | 3.3% | 8.2% | 12.4% | 8.2% |
| ROIC | 20.1% | 20.1% | 18.7% | 18.6% | 18.9% | 19.9% | 16.9% | 5.3% | 12.3% | 12.6% | 12.0% |
| ROCE | 23.0% | 23.0% | 21.3% | 21.4% | 20.9% | 20.7% | 18.2% | 6.3% | 14.8% | 14.8% | 13.7% |
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 | 0.68 | 0.68 | 0.66 | 0.75 | 0.69 | 0.70 | 0.76 | 0.63 | 0.59 | 0.57 | 0.53 |
| Debt / EBITDA | 1.52 | 1.52 | 1.56 | 1.70 | 1.57 | 1.58 | 1.90 | 3.62 | 1.94 | 1.91 | 1.86 |
| Net Debt / Equity | — | 0.50 | 0.47 | 0.58 | 0.54 | 0.48 | 0.41 | 0.54 | 0.55 | 0.47 | 0.41 |
| Net Debt / EBITDA | 1.11 | 1.11 | 1.11 | 1.30 | 1.22 | 1.09 | 1.04 | 3.11 | 1.78 | 1.57 | 1.43 |
| Debt / FCF | — | 1.84 | 1.45 | 1.97 | 1.85 | 1.45 | 1.36 | 2.17 | 2.59 | 2.78 | 1.94 |
| Interest Coverage | 23.23 | 23.23 | 21.28 | 25.28 | 41.99 | 36.09 | 35.05 | 12.92 | 27.34 | 29.51 | 24.09 |
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 | 0.70 | 0.70 | 0.73 | 0.63 | 0.65 | 0.70 | 0.85 | 0.75 | 0.83 | 0.88 | 1.10 |
| Quick Ratio | 0.49 | 0.49 | 0.53 | 0.44 | 0.45 | 0.52 | 0.68 | 0.58 | 0.66 | 0.72 | 0.94 |
| Cash Ratio | 0.27 | 0.27 | 0.28 | 0.23 | 0.22 | 0.31 | 0.49 | 0.34 | 0.42 | 0.50 | 0.43 |
| Asset Turnover | — | 0.67 | 0.69 | 0.68 | 0.68 | 0.64 | 0.59 | 0.59 | 0.56 | 0.54 | 0.51 |
| Inventory Turnover | 5.45 | 5.45 | 5.82 | 6.05 | 6.09 | 6.20 | 6.41 | 6.93 | 7.27 | 7.06 | 6.98 |
| Days Sales Outstanding | — | 26.78 | 26.57 | 24.35 | 23.41 | 22.66 | 21.49 | 26.70 | 25.59 | 25.77 | 24.44 |
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 | 2.6% | 2.5% | 2.3% | 2.4% | 2.4% | 2.4% | 2.5% | 2.7% | 3.5% | 3.0% | 3.1% |
| Payout Ratio | 61.8% | 61.8% | 62.6% | 61.4% | 59.5% | 57.8% | 59.8% | 192.4% | 75.0% | 47.2% | 70.8% |
| 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% | 4.1% | 3.7% | 3.9% | 4.0% | 4.1% | 4.1% | 1.3% | 4.7% | 6.4% | 4.4% |
| FCF Yield | 3.9% | 3.6% | 4.1% | 3.7% | 3.7% | 4.4% | 4.6% | 4.3% | 5.4% | 3.9% | 5.0% |
| Buyback Yield | 1.8% | 1.7% | 1.2% | 2.0% | 2.7% | 3.1% | 2.4% | 1.8% | 3.4% | 2.2% | 2.4% |
| Total Shareholder Yield | 4.5% | 4.2% | 3.5% | 4.3% | 5.1% | 5.5% | 4.8% | 4.5% | 6.9% | 5.2% | 5.5% |
| Shares Outstanding | — | $2.5B | $2.5B | $2.5B | $2.5B | $2.6B | $2.6B | $2.5B | $2.7B | $2.7B | $2.8B |
Volume and pricing divergence
According to current market data, PG trades at a P/E of 22.88, which appears elevated relative to its recent 0.29% YoY revenue growth, suggesting that investors are pricing in significant defensive stability rather than near-term top-line expansion compared to peers like Unilever.
The PEG ratio of 4.09 indicates that the market is paying a substantial premium for the company's earnings, likely driven by its historical reputation as a safe-haven asset. Investors should monitor whether this valuation multiple remains sustainable if volume growth continues to lag behind price-led revenue increases.
Based on reported financial figures, ROIC has fluctuated between 3.9% and 5.8% over the last ten quarters, a trend that suggests the company's massive goodwill base may be diluting the returns generated on its core operational assets.
While the company maintains strong operating margins, the relatively low ROIC indicates that the capital-intensive nature of its historical acquisitions may be creating a drag on overall compounding efficiency. This warrants further investigation into whether current R&D and marketing spend are generating sufficient incremental returns to justify the existing asset base.
As reported in recent quarterly filings, the company maintains a negative cash conversion cycle, reaching -34 days in 2026Q3, which highlights a structural advantage in managing working capital by collecting from customers significantly faster than it pays its suppliers.
This negative cycle effectively turns the company's supply chain into a source of interest-free financing, providing a liquidity buffer that is superior to many peers in the household products sector. Investors should monitor the DPO trend, as any contraction in supplier leverage could impact this efficient cash generation model.
Data from recent filings shows a current ratio of 0.73 in 2026Q3, which, while consistent with historical trends, remains below the standard threshold of 1.0, suggesting that the company relies heavily on its operational cash cycle to meet short-term obligations.
The reliance on rapid inventory turnover and accounts receivable collection to fund operations appears to be a deliberate strategy rather than a sign of distress. However, this structure leaves little margin for error should there be a sudden disruption in the retail shipping cycle or a significant slowdown in consumer demand.
The dividend yield of 2.7% is frequently misapplied as a primary indicator of investment quality, which obscures the underlying risk that the company's payout may be increasingly supported by financial engineering rather than consistent, volume-driven organic growth.
Investors should instead focus on the FCF payout ratio and the sustainability of organic volume growth, as the dividend yield alone does not account for the potential for margin compression in a high-inflation environment. Relying on yield as a proxy for safety may lead to an underestimation of the risks associated with the company's current pricing-led revenue strategy.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying PG stock.
The Procter & Gamble Company's current P/E ratio is 23.5x. The historical average is 25.2x. This places it at the 50th percentile of its historical range.
The Procter & Gamble Company's current EV/EBITDA is 16.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.7x.
The Procter & Gamble Company's return on equity (ROE) is 31.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 24.6%.
Based on historical data, The Procter & Gamble Company is trading at a P/E of 23.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Procter & Gamble Company's current dividend yield is 2.63% with a payout ratio of 61.8%.
The Procter & Gamble Company has 51.2% gross margin and 24.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
The Procter & Gamble Company's Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.