Latest Ratios: P/E Ratio 152.6x · EV/EBITDA 8.3x · ROE 1.1%. (1998–2025 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 | $19.1B | $68.9B | $15.5B | $28.9B | $17.2B | $17.9B | $19.7B | $16.2B | $17.6B | $25.0B | $16.8B |
| Enterprise Value | $33.3B | $21.55T | $18.83T | $19.26T | $14.79T | $16.77T | $15.76T | $16.13T | $17.68T | $18.57T | $20.39T |
| P/E Ratio → | 152.57 | 0.10 | 0.01 | 0.02 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| P/S Ratio | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B Ratio | 1.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | — | — | — | — | 0.02 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| P/OCF | 6.30 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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 | — | 0.31 | 0.26 | 0.25 | 0.17 | 0.22 | 0.27 | 0.25 | 0.27 | 0.31 | 0.38 |
| EV / EBITDA | 8.35 | 3.58 | 2.90 | 2.59 | 1.67 | 1.28 | 2.50 | 2.13 | 1.96 | 2.35 | 3.40 |
| EV / EBIT | 26.95 | 9.66 | 8.87 | 5.93 | 3.06 | 1.81 | 6.71 | 4.26 | 3.23 | 4.07 | 7.18 |
| EV / FCF | — | — | — | — | 19.30 | 6.10 | 3.04 | 5.06 | 5.38 | 6.24 | 7.26 |
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% | 7.4% | 8.3% | 9.0% | 15.5% | 8.1% | 9.7% | 12.2% | 13.7% | 12.6% |
| Operating Margin | 2.7% | 2.7% | 3.4% | 4.7% | 6.1% | 12.5% | 4.6% | 6.4% | 8.9% | 7.6% | 5.4% |
| Net Profit Margin | 1.0% | 1.0% | 1.5% | 2.2% | 3.7% | 8.7% | 2.8% | 2.9% | 2.6% | 4.6% | 2.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.1% | 1.1% | 1.8% | 2.9% | 5.6% | 12.9% | 3.4% | 3.9% | 3.6% | 6.0% | 3.0% |
| ROA | 0.7% | 0.7% | 1.1% | 1.7% | 3.3% | 7.7% | 2.0% | 2.3% | 2.1% | 3.5% | 1.7% |
| ROIC | 1.7% | 1.7% | 2.4% | 3.6% | 5.4% | 10.7% | 3.2% | 4.8% | 6.6% | 5.2% | 3.2% |
| ROCE | 2.3% | 2.3% | 3.1% | 4.7% | 7.1% | 14.4% | 4.3% | 6.7% | 9.7% | 7.6% | 4.7% |
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 | 0.46 | 0.46 | 0.42 | 0.43 | 0.39 | 0.39 | 0.42 | 0.41 | 0.43 | 0.45 | 0.50 |
| Debt / EBITDA | 4.73 | 4.73 | 3.94 | 3.48 | 2.57 | 1.64 | 3.21 | 2.59 | 2.25 | 2.68 | 3.80 |
| Net Debt / Equity | — | 0.34 | 0.31 | 0.32 | 0.25 | 0.31 | 0.33 | 0.34 | 0.38 | 0.39 | 0.44 |
| Net Debt / EBITDA | 3.56 | 3.56 | 2.90 | 2.58 | 1.67 | 1.27 | 2.50 | 2.13 | 1.96 | 2.34 | 3.40 |
| Debt / FCF | — | — | — | — | 19.28 | 6.09 | 3.03 | 5.06 | 5.37 | 6.23 | 7.26 |
| Interest Coverage | 2.04 | 2.04 | 1.86 | 3.29 | 8.21 | 20.27 | 3.80 | 4.92 | 6.70 | 6.59 | 4.14 |
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 | 1.89 | 1.89 | 1.94 | 2.08 | 2.05 | 2.23 | 2.13 | 2.13 | 1.78 | 1.64 | 1.55 |
| Quick Ratio | 1.29 | 1.29 | 1.31 | 1.43 | 1.39 | 1.47 | 1.59 | 1.47 | 1.17 | 1.12 | 1.07 |
| Cash Ratio | 0.68 | 0.68 | 0.65 | 0.80 | 0.81 | 0.85 | 0.97 | 0.76 | 0.56 | 0.51 | 0.40 |
| Asset Turnover | — | 0.66 | 0.70 | 0.76 | 0.86 | 0.83 | 0.73 | 0.81 | 0.83 | 0.77 | 0.67 |
| Inventory Turnover | 4.65 | 4.65 | 4.75 | 4.86 | 4.98 | 4.01 | 5.86 | 5.32 | 4.96 | 5.26 | 5.13 |
| Days Sales Outstanding | — | 69.19 | 66.00 | 52.24 | 52.17 | 57.27 | 61.07 | 60.63 | 60.13 | 63.82 | 77.46 |
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 | 0.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 132.5% | 132.5% | 77.1% | 48.0% | 38.8% | 19.8% | 41.1% | 51.6% | 42.8% | 30.9% | 52.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.7% | 954.5% | 7063.0% | 5882.9% | 17957.1% | 36616.9% | 8090.2% | 11271.2% | 9615.9% | 10892.1% | 7910.1% |
| FCF Yield | — | — | — | — | 4457.3% | 15371.6% | 26308.9% | 19639.7% | 18693.9% | 11904.7% | 16693.9% |
| Buyback Yield | 0.0% | 0.0% | 100.0% | 0.0% | 0.0% | 100.0% | 100.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $1.3B | $358M | $303M | $316M | $307M | $316M | $320M | $320M | $320M | $320M |
Cyclical Steel Spread Compression
As reported in recent financial statements, POSCO's P/E ratio of 151.04 appears disconnected from its historical norms, suggesting that the market is struggling to price the company's transition from a cyclical steel producer into a diversified green energy materials provider amidst current manufacturing demand headwinds.
The elevated P/E multiple likely reflects depressed earnings rather than premium growth expectations, as the company navigates a trough in the steel cycle. Investors should monitor whether the forward valuation multiples compress as the battery materials segment scales, or if the market continues to apply a conglomerate discount due to the legacy steel business.
Based on the provided quarterly data, ROIC has remained consistently low, hovering near 0.7% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its cost of capital during this intensive phase of battery material infrastructure development.
The persistent gap between ROIC and historical performance suggests that the massive capital outlays for lithium and cathode production are not yet contributing to the bottom line. This trend warrants further investigation into whether these investments will eventually drive margin expansion or if they will remain a drag on capital efficiency for the foreseeable future.
According to the latest quarterly figures, the cash conversion cycle has reached 113 days, reflecting a deterioration in working capital efficiency that appears driven by rising inventory levels and a slowing pace of receivables collection within the core steel and construction segments of the business.
The increase in DIO to 76 days suggests that the company is holding more finished goods, potentially due to softening demand in the automotive and shipbuilding sectors. This inefficiency ties up significant liquidity, limiting the firm's ability to self-fund its strategic pivot without relying on external financing or cash reserves.
As evidenced by the reported debt-to-equity ratio of 0.50 in 2026Q1, POSCO maintains a conservative leverage profile that provides a necessary buffer against the inherent volatility of the steel industry and the high capital requirements of its emerging battery materials business during this cyclical downturn.
While the D/E ratio remains stable, the interest coverage ratio has shown extreme volatility, dropping to 0.18 in 2023Q4 before recovering, which highlights the sensitivity of the company's debt service capacity to operating income fluctuations. Investors should monitor this metric closely as the company continues to fund its long-term growth projects.
The P/E ratio is the most commonly misapplied metric for this business model, as it fails to account for the lumpy, non-cash inventory valuation adjustments and the heavy depreciation charges associated with the company's massive, multi-year capital expenditure program in the lithium and cathode material value chain.
Analysts should instead focus on EV/EBITDA or a sum-of-the-parts valuation to better capture the underlying cash-generating potential of the steel operations versus the growth prospects of the battery materials segment. Relying on P/E in a cyclical, capital-intensive industrial firm often leads to a distorted view of the company's true earning power.
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying PKX stock.
POSCO Holdings Inc.'s current P/E ratio is 152.6x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
POSCO Holdings Inc.'s current EV/EBITDA is 8.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.1x.
POSCO Holdings Inc.'s return on equity (ROE) is 1.1%. The historical average is 9.4%.
Based on historical data, POSCO Holdings Inc. is trading at a P/E of 152.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
POSCO Holdings Inc.'s current dividend yield is 0.91% with a payout ratio of 132.5%.
POSCO Holdings Inc. has 7.4% gross margin and 2.7% operating margin.
POSCO Holdings Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.