Latest Ratios: P/E Ratio 20.8x · EV/EBITDA 9.9x · ROE 6.6%. (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 | $508M | $293M | $348M | $337M | $149M | $260M | $373M | $417M | $384M | $574M | $524M |
| Enterprise Value | $1.1B | $919M | $962M | $970M | $812M | $855M | $917M | $988M | $894M | $1.0B | $929M |
| P/E Ratio → | 20.75 | 12.32 | 8.24 | 43.48 | 13.15 | — | — | 10.79 | 7.15 | 19.98 | 16.51 |
| P/S Ratio | 0.32 | 0.18 | 0.21 | 0.20 | 0.10 | 0.20 | 0.32 | 0.26 | 0.23 | 0.41 | 0.41 |
| P/B Ratio | 1.28 | 0.76 | 1.03 | 1.16 | 0.56 | 0.80 | 1.04 | 1.19 | 1.23 | 1.99 | 2.22 |
| P/FCF | 508.00 | 293.16 | — | 15.13 | — | — | 8.67 | 17.65 | 39.58 | 30.55 | 11.80 |
| P/OCF | 12.30 | 7.10 | 11.67 | 6.68 | — | — | 5.38 | 6.54 | 7.01 | 12.30 | 7.19 |
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 | — | 0.57 | 0.58 | 0.58 | 0.54 | 0.67 | 0.80 | 0.61 | 0.54 | 0.73 | 0.73 |
| EV / EBITDA | 9.89 | 8.02 | 8.00 | 8.38 | 12.76 | 18.16 | 19.63 | 8.42 | 6.69 | 8.42 | 9.42 |
| EV / EBIT | 13.89 | 11.26 | 10.48 | 11.20 | 18.24 | 32.90 | 35.53 | 11.14 | 8.42 | 12.94 | 13.43 |
| EV / FCF | — | 918.66 | — | 43.51 | — | — | 21.32 | 41.87 | 92.12 | 54.51 | 20.93 |
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 | 17.0% | 17.0% | 17.0% | 16.4% | 14.1% | 13.9% | 14.3% | 16.1% | 16.4% | 16.6% | 15.9% |
| Operating Margin | 5.1% | 5.1% | 5.2% | 5.1% | 2.2% | 1.3% | 1.6% | 5.1% | 5.9% | 6.4% | 5.4% |
| Net Profit Margin | 1.5% | 1.5% | 1.9% | 0.5% | -1.0% | -1.9% | -0.4% | 2.4% | 3.2% | 2.0% | 2.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.6% | 6.6% | 10.1% | 2.8% | -4.8% | -7.3% | -1.3% | 11.7% | 17.8% | 10.9% | 14.1% |
| ROA | 1.7% | 1.7% | 2.4% | 0.6% | -1.0% | -1.9% | -0.3% | 3.1% | 4.6% | 2.7% | 3.3% |
| ROIC | 6.2% | 6.2% | 6.9% | 6.8% | 2.7% | 1.3% | 1.5% | 7.1% | 9.4% | 9.8% | 8.4% |
| ROCE | 7.9% | 7.9% | 8.7% | 8.6% | 3.3% | 1.6% | 1.9% | 8.7% | 11.0% | 11.4% | 9.5% |
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 | 1.74 | 1.74 | 1.98 | 2.37 | 2.69 | 2.00 | 1.67 | 1.79 | 1.81 | 1.85 | 1.99 |
| Debt / EBITDA | 5.85 | 5.85 | 5.55 | 5.94 | 11.33 | 13.79 | 12.83 | 5.35 | 4.23 | 4.38 | 4.76 |
| Net Debt / Equity | — | 1.63 | 1.82 | 2.18 | 2.47 | 1.83 | 1.52 | 1.63 | 1.63 | 1.56 | 1.72 |
| Net Debt / EBITDA | 5.46 | 5.46 | 5.11 | 5.47 | 10.42 | 12.65 | 11.65 | 4.87 | 3.82 | 3.70 | 4.11 |
| Debt / FCF | — | 625.50 | — | 28.39 | — | — | 12.65 | 24.22 | 52.55 | 23.96 | 9.13 |
| Interest Coverage | 1.72 | 1.72 | 1.94 | 1.92 | 1.32 | 0.96 | 0.93 | 2.62 | 3.09 | 2.51 | 2.45 |
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 | 2.33 | 2.33 | 2.32 | 2.27 | 2.08 | 2.22 | 2.30 | 2.38 | 2.41 | 2.43 | 2.28 |
| Quick Ratio | 1.18 | 1.18 | 1.14 | 1.14 | 1.17 | 1.21 | 1.29 | 1.31 | 1.35 | 1.40 | 1.29 |
| Cash Ratio | 0.12 | 0.12 | 0.15 | 0.15 | 0.13 | 0.16 | 0.18 | 0.18 | 0.19 | 0.30 | 0.27 |
| Asset Turnover | — | 1.13 | 1.21 | 1.24 | 1.04 | 0.94 | 0.89 | 1.23 | 1.37 | 1.25 | 1.31 |
| Inventory Turnover | 3.15 | 3.15 | 3.25 | 3.38 | 3.15 | 3.12 | 3.17 | 4.15 | 4.36 | 4.17 | 4.46 |
| Days Sales Outstanding | — | 60.49 | 54.99 | 57.90 | 66.33 | 79.63 | 96.63 | 72.85 | 72.80 | 74.17 | 55.57 |
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 | 1.6% | 2.7% | 1.9% | 2.2% | 4.3% | 2.7% | 0.9% | 1.7% | 1.7% | 1.2% | 1.2% |
| Payout Ratio | 32.8% | 32.8% | 21.1% | 94.9% | — | — | — | 18.1% | 11.9% | 24.1% | 19.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 8.1% | 12.1% | 2.3% | 7.6% | — | — | 9.3% | 14.0% | 5.0% | 6.1% |
| FCF Yield | 0.2% | 0.3% | — | 6.6% | — | — | 11.5% | 5.7% | 2.5% | 3.3% | 8.5% |
| Buyback Yield | 0.0% | 0.0% | 0.7% | 0.0% | 1.1% | 1.0% | 2.0% | 0.2% | 2.3% | 0.7% | 0.4% |
| Total Shareholder Yield | 1.6% | 2.7% | 2.7% | 2.2% | 5.4% | 3.7% | 2.9% | 1.9% | 4.0% | 1.9% | 1.5% |
| Shares Outstanding | — | $14M | $13M | $13M | $12M | $12M | $12M | $12M | $13M | $13M | $12M |
Thin margin operating leverage
Based on current market data, PKOH trades at a forward P/E of 12.71, which appears to reflect a significant conglomerate discount when compared to the higher multiples commanded by specialized industrial peers like W.W. Grainger, suggesting the market remains skeptical of the company's long-term margin expansion trajectory.
The disparity between the TTM P/E of 22.98 and the forward multiple suggests that investors are pricing in a recovery in earnings, yet the low P/S ratio of 0.35 indicates that the market assigns little value to the company's revenue base. This valuation profile implies that the market views PKOH as a cyclical play rather than a compounder, warranting caution regarding the sustainability of current earnings estimates.
As reported in financial statements, PKOH's ROIC has stagnated at approximately 1.5% over the last ten quarters, a figure that significantly trails the cost of capital and indicates that the company is currently failing to generate meaningful economic value from its invested capital base.
The persistent inability to drive ROIC above low single digits suggests that the company's manufacturing and distribution assets are not being utilized with sufficient efficiency. Investors should monitor whether management's acquisition-heavy strategy is actually diluting returns rather than enhancing the competitive moat of the Supply Technologies segment.
According to recent quarterly filings, PKOH's cash conversion cycle remains elevated, frequently exceeding 120 days, which highlights the operational friction inherent in managing complex inventory and receivables across the company's diverse industrial manufacturing and distribution business segments compared to more agile peers.
The high DIO and DSO metrics suggest that capital is being trapped in inventory and customer accounts, limiting the firm's ability to self-fund operations. This inefficiency forces a reliance on external debt, which, given the current interest rate environment, may continue to exert downward pressure on net margins.
Based on reported figures, PKOH maintains a debt-to-EBITDA ratio that has fluctuated between 22x and 35x in recent quarters, a level that appears exceptionally high and suggests that the company's ability to service its debt is highly sensitive to even minor fluctuations in operating income.
While the reported debt-to-equity ratio of 1.81 might appear manageable in isolation, the interest coverage ratio hovering near 1.6x indicates that the company has very little room for error. This leverage profile warrants further investigation into the maturity schedule of existing debt and the potential for refinancing risk in a cooling industrial cycle.
The P/E ratio is frequently misapplied to PKOH, as it obscures the significant impact of non-recurring restructuring charges and lumpy revenue recognition from the Engineered Products segment, which can lead to misleading conclusions about the company's true underlying earning power and operational health.
Analysts should instead focus on EV/EBITDA or FCF yield to better capture the cash-generating capability of the business, as these metrics are less susceptible to the accounting distortions inherent in the company's current earnings profile. Relying on P/E alone risks ignoring the structural cash flow volatility that defines this industrial conglomerate.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying PKOH stock.
Park-Ohio Holdings Corp.'s current P/E ratio is 20.8x. The historical average is 17.2x. This places it at the 91th percentile of its historical range.
Park-Ohio Holdings Corp.'s current EV/EBITDA is 9.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
Park-Ohio Holdings Corp.'s return on equity (ROE) is 6.6%. The historical average is 5.1%.
Based on historical data, Park-Ohio Holdings Corp. is trading at a P/E of 20.8x. This is at the 91th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Park-Ohio Holdings Corp.'s current dividend yield is 1.58% with a payout ratio of 32.8%.
Park-Ohio Holdings Corp. has 17.0% gross margin and 5.1% operating margin.
Park-Ohio Holdings Corp.'s Debt/EBITDA ratio is 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.