Latest Ratios: P/E Ratio 19.1x · EV/EBITDA 14.1x · ROE 17.6%. (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 | $12.2B | $17.2B | $16.8B | $12.1B | $7.4B | $12.2B | $8.9B | $7.8B | $6.7B | $8.7B | $6.9B |
| Enterprise Value | $13.7B | $18.8B | $18.5B | $14.0B | $9.7B | $13.1B | $9.7B | $8.8B | $7.4B | $10.1B | $10.9B |
| P/E Ratio → | 19.07 | 26.30 | 26.91 | 19.44 | 15.51 | 22.13 | 24.81 | 21.95 | 19.28 | 13.06 | 13.21 |
| P/S Ratio | 2.92 | 4.13 | 4.12 | 2.95 | 1.81 | 3.25 | 2.94 | 2.64 | 2.26 | 1.76 | 1.41 |
| P/B Ratio | 3.23 | 4.45 | 4.72 | 3.76 | 2.75 | 5.05 | 4.22 | 4.00 | 3.65 | 1.73 | 1.62 |
| P/FCF | 16.36 | 23.10 | 24.29 | 22.26 | 26.78 | 22.12 | 17.38 | 26.54 | 17.14 | 15.86 | 9.27 |
| P/OCF | 14.98 | 21.15 | 21.93 | 19.53 | 20.50 | 19.95 | 15.49 | 22.14 | 15.25 | 14.05 | 8.00 |
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 | — | 4.50 | 4.52 | 3.41 | 2.36 | 3.48 | 3.22 | 2.99 | 2.50 | 2.04 | 2.24 |
| EV / EBITDA | 14.09 | 19.25 | 20.11 | 16.41 | 13.87 | 18.37 | 18.14 | 17.25 | 14.22 | 13.11 | 12.40 |
| EV / EBIT | 16.03 | 22.73 | 22.87 | 19.01 | 15.90 | 20.52 | 21.34 | 20.41 | 15.83 | 25.08 | 15.41 |
| EV / FCF | — | 25.16 | 26.67 | 25.80 | 35.02 | 23.73 | 19.03 | 30.03 | 18.96 | 18.32 | 14.70 |
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 | 40.5% | 40.5% | 39.2% | 37.0% | 33.1% | 35.0% | 35.0% | 35.6% | 35.3% | 37.1% | 36.7% |
| Operating Margin | 20.5% | 20.5% | 19.7% | 18.0% | 14.4% | 16.9% | 15.3% | 14.6% | 14.7% | 13.8% | 14.3% |
| Net Profit Margin | 15.7% | 15.7% | 15.3% | 15.2% | 11.7% | 14.7% | 11.9% | 12.0% | 11.7% | 13.5% | 10.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.6% | 17.6% | 18.4% | 21.0% | 18.7% | 24.4% | 17.7% | 18.8% | 10.1% | 14.3% | 11.9% |
| ROA | 9.8% | 9.8% | 9.6% | 9.6% | 8.6% | 12.4% | 8.6% | 9.0% | 5.6% | 6.6% | 4.4% |
| ROIC | 12.1% | 12.1% | 11.6% | 10.9% | 10.7% | 15.3% | 11.7% | 11.7% | 7.3% | 7.0% | 6.0% |
| ROCE | 15.0% | 15.0% | 14.4% | 13.4% | 13.1% | 17.9% | 13.5% | 13.6% | 8.4% | 7.8% | 6.7% |
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 | 0.42 | 0.42 | 0.50 | 0.65 | 0.89 | 0.41 | 0.44 | 0.57 | 0.43 | 0.29 | 1.01 |
| Debt / EBITDA | 1.68 | 1.68 | 1.92 | 2.45 | 3.42 | 1.38 | 1.73 | 2.16 | 1.51 | 1.88 | 4.85 |
| Net Debt / Equity | — | 0.40 | 0.46 | 0.60 | 0.85 | 0.37 | 0.40 | 0.53 | 0.39 | 0.27 | 0.95 |
| Net Debt / EBITDA | 1.58 | 1.58 | 1.79 | 2.25 | 3.26 | 1.24 | 1.57 | 2.00 | 1.37 | 1.76 | 4.58 |
| Debt / FCF | — | 2.06 | 2.38 | 3.54 | 8.23 | 1.61 | 1.65 | 3.49 | 1.82 | 2.47 | 5.43 |
| Interest Coverage | 11.90 | 11.90 | 9.11 | 6.23 | 9.91 | 51.14 | 19.08 | 14.39 | 14.36 | 4.60 | 4.78 |
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 | 1.61 | 1.61 | 1.60 | 1.65 | 1.47 | 1.24 | 1.26 | 1.42 | 1.27 | 1.46 | 1.82 |
| Quick Ratio | 0.95 | 0.95 | 0.92 | 0.94 | 0.72 | 0.70 | 0.72 | 0.91 | 0.80 | 0.97 | 1.46 |
| Cash Ratio | 0.11 | 0.11 | 0.13 | 0.18 | 0.10 | 0.09 | 0.11 | 0.11 | 0.09 | 0.09 | 0.16 |
| Asset Turnover | — | 0.61 | 0.63 | 0.63 | 0.64 | 0.79 | 0.72 | 0.71 | 0.78 | 0.57 | 0.42 |
| Inventory Turnover | 3.93 | 3.93 | 4.07 | 3.81 | 3.49 | 4.34 | 4.67 | 5.05 | 4.95 | 5.35 | 5.91 |
| Days Sales Outstanding | — | 58.84 | 54.70 | 56.25 | 51.35 | 56.53 | 50.51 | 67.13 | 64.59 | 39.53 | 65.07 |
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 | 1.3% | 1.0% | 0.9% | 1.2% | 1.9% | 1.1% | 1.4% | 1.6% | 2.8% | 2.9% | 3.5% |
| Payout Ratio | 25.1% | 25.1% | 24.4% | 23.3% | 28.8% | 24.1% | 35.4% | 34.5% | 53.9% | 37.8% | 46.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.2% | 3.8% | 3.7% | 5.1% | 6.4% | 4.5% | 4.0% | 4.6% | 5.2% | 7.7% | 7.6% |
| FCF Yield | 6.1% | 4.3% | 4.1% | 4.5% | 3.7% | 4.5% | 5.8% | 3.8% | 5.8% | 6.3% | 10.8% |
| Buyback Yield | 1.8% | 1.3% | 0.9% | 0.0% | 0.7% | 1.2% | 1.7% | 1.9% | 7.5% | 2.3% | 0.0% |
| Total Shareholder Yield | 3.2% | 2.3% | 1.8% | 1.2% | 2.6% | 2.3% | 3.1% | 3.5% | 10.3% | 5.2% | 3.5% |
| Shares Outstanding | — | $166M | $167M | $166M | $166M | $168M | $167M | $170M | $177M | $184M | $183M |
Channel inventory normalization volatility
According to current market data, Pentair trades at a forward P/E of 14.28, which appears to discount the company as a cyclical industrial machinery firm rather than a high-margin water technology provider, suggesting a potential mispricing of its recurring aftermarket revenue streams relative to its peer group.
The valuation gap between Pentair and higher-multiple water peers like Xylem suggests the market remains skeptical of the company's long-term growth profile. Investors should monitor whether the forward P/E expansion occurs as the market recognizes the durability of the commercial filtration business, which warrants a premium over traditional industrial machinery multiples.
Based on reported financial statements, Pentair's ROIC has hovered between 2.4% and 3.6% over the last ten quarters, indicating that the company is currently struggling to generate returns on invested capital that exceed its cost of capital, largely due to the heavy integration of recent large-scale acquisitions.
The persistent gap between ROIC and historical industrial benchmarks suggests that the company's aggressive portfolio reshaping has yet to yield the expected synergistic returns. Analysts should investigate whether the current ROIC trend is a temporary byproduct of integration costs or a structural issue regarding the capital intensity of the acquired Manitowoc Ice business.
As reported in recent filings, Pentair's cash conversion cycle remains elevated at 117 days in 2026Q1, reflecting significant inefficiencies in inventory management and a reliance on distributor-heavy sales channels that complicate the company's ability to optimize its working capital during periods of seasonal demand shifts.
The high DIO of 95 days suggests that the company is carrying substantial inventory, which may be a strategic buffer or a sign of channel destocking pressures. This inefficiency warrants further investigation into whether the company's dealer-centric model is becoming a drag on cash flow generation compared to more direct-to-consumer industrial peers.
Data from recent balance sheets indicates that Pentair's current ratio has declined to 1.88, with a quick ratio of 1.19, suggesting that the company's liquidity position is becoming increasingly sensitive to inventory turnover and the timing of cash inflows from its seasonal pool equipment business.
While the current ratio remains above the threshold of concern, the narrowing gap between current assets and liabilities suggests limited room for error in managing short-term obligations. Investors should monitor the company's ability to maintain these buffers if the current trend of negative free cash flow in early quarters persists.
As indicated by the provided data, the reported D/E ratio of 0.42% is frequently misapplied by analysts to suggest a fortress balance sheet, when in reality, this figure likely obscures the true leverage profile following the significant debt-funded acquisition of Manitowoc Ice in recent years.
Relying on a simple D/E ratio for Pentair is misleading because it fails to account for the substantial goodwill and intangible assets that dominate the balance sheet. A more accurate assessment of leverage should focus on Net Debt/EBITDA, which provides a clearer picture of the company's ability to service its debt obligations through operational cash flow.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying PNR stock.
Pentair plc's current P/E ratio is 19.1x. The historical average is 18.4x. This places it at the 62th percentile of its historical range.
Pentair plc's current EV/EBITDA is 14.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
Pentair plc's return on equity (ROE) is 17.6%. The historical average is 12.0%.
Based on historical data, Pentair plc is trading at a P/E of 19.1x. This is at the 62th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Pentair plc's current dividend yield is 1.31% with a payout ratio of 25.1%.
Pentair plc has 40.5% gross margin and 20.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Pentair plc's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.