Latest Ratios: P/E Ratio 61.1x · EV/EBITDA 32.0x · ROE 23.5%. (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 | $52.7B | $39.5B | $30.7B | $33.0B | $25.1B | $34.4B | $25.7B | $19.7B | $23.8B | $23.1B | $16.0B |
| Enterprise Value | $55.9B | $42.7B | $34.4B | $35.3B | $28.8B | $38.2B | $27.4B | $20.9B | $25.0B | $23.6B | $16.5B |
| P/E Ratio → | 61.13 | 45.57 | 32.42 | 23.92 | 27.02 | 25.39 | 25.16 | 28.27 | 44.44 | 28.06 | 22.00 |
| P/S Ratio | 6.32 | 4.74 | 3.72 | 3.65 | 3.23 | 4.92 | 4.06 | 2.94 | 3.57 | 3.67 | 2.73 |
| P/B Ratio | 14.29 | 10.65 | 8.36 | 8.83 | 8.32 | 12.78 | 19.11 | 48.64 | 14.71 | 8.69 | 8.06 |
| P/FCF | 38.80 | 29.11 | 48.10 | 27.22 | 36.81 | 30.19 | 25.56 | 18.74 | 20.26 | 25.94 | 19.31 |
| P/OCF | 34.12 | 25.60 | 35.59 | 24.04 | 30.50 | 27.31 | 22.96 | 16.63 | 18.30 | 22.39 | 16.93 |
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 | — | 5.12 | 4.16 | 3.90 | 3.71 | 5.45 | 4.33 | 3.12 | 3.74 | 3.74 | 2.80 |
| EV / EBITDA | 31.96 | 24.43 | 21.72 | 18.17 | 18.29 | 42.03 | 21.66 | 13.97 | 16.93 | 19.55 | 14.20 |
| EV / EBIT | 39.26 | 39.81 | 27.48 | 20.25 | 24.06 | 33.11 | 22.13 | 20.94 | 17.78 | 21.65 | 16.02 |
| EV / FCF | — | 31.45 | 53.75 | 29.08 | 42.22 | 33.45 | 27.21 | 19.92 | 21.25 | 26.43 | 19.84 |
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 | 48.1% | 48.1% | 44.5% | 41.0% | 40.0% | 41.4% | 46.5% | 48.7% | 49.1% | 47.2% | 47.1% |
| Operating Margin | 17.1% | 17.1% | 15.3% | 18.7% | 17.2% | 10.4% | 17.2% | 20.1% | 19.7% | 16.4% | 16.8% |
| Net Profit Margin | 10.4% | 10.4% | 11.5% | 15.3% | 12.0% | 19.4% | 16.2% | 10.4% | 8.0% | 13.1% | 12.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.5% | 23.5% | 25.7% | 41.0% | 32.6% | 67.2% | 116.9% | 68.8% | 25.0% | 35.5% | 34.4% |
| ROA | 7.7% | 7.7% | 8.5% | 12.6% | 8.7% | 15.1% | 15.3% | 11.2% | 8.0% | 11.6% | 10.8% |
| ROIC | 15.1% | 15.1% | 14.3% | 20.0% | 15.3% | 11.6% | 35.2% | 45.6% | 33.5% | 28.2% | 31.1% |
| ROCE | 18.5% | 18.5% | 16.2% | 22.4% | 17.9% | 11.1% | 22.7% | 32.8% | 29.0% | 20.5% | 19.4% |
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 | 0.98 | 0.98 | 1.11 | 0.89 | 1.39 | 1.63 | 1.76 | 5.58 | 1.10 | 0.69 | 0.99 |
| Debt / EBITDA | 2.09 | 2.09 | 2.58 | 1.72 | 2.66 | 4.83 | 1.87 | 1.51 | 1.20 | 1.53 | 1.69 |
| Net Debt / Equity | — | 0.86 | 0.98 | 0.60 | 1.22 | 1.38 | 1.23 | 3.06 | 0.72 | 0.16 | 0.22 |
| Net Debt / EBITDA | 1.82 | 1.82 | 2.28 | 1.16 | 2.35 | 4.10 | 1.31 | 0.83 | 0.79 | 0.36 | 0.38 |
| Debt / FCF | — | 2.34 | 5.65 | 1.86 | 5.41 | 3.26 | 1.65 | 1.18 | 0.99 | 0.49 | 0.53 |
| Interest Coverage | 6.88 | 6.88 | 8.28 | 13.23 | 10.01 | 12.49 | 12.20 | 10.29 | 19.23 | 20.91 | 12.04 |
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 | 1.14 | 1.14 | 1.08 | 1.46 | 1.01 | 1.02 | 1.48 | 1.54 | 1.27 | 2.06 | 2.12 |
| Quick Ratio | 0.77 | 0.77 | 0.72 | 1.04 | 0.72 | 0.76 | 1.16 | 1.24 | 1.01 | 1.80 | 1.85 |
| Cash Ratio | 0.14 | 0.14 | 0.13 | 0.32 | 0.14 | 0.22 | 0.39 | 0.53 | 0.41 | 1.18 | 1.23 |
| Asset Turnover | — | 0.74 | 0.74 | 0.80 | 0.72 | 0.65 | 0.87 | 1.10 | 1.06 | 0.88 | 0.83 |
| Inventory Turnover | 3.47 | 3.47 | 3.54 | 3.80 | 4.42 | 5.14 | 5.80 | 5.96 | 5.83 | 5.97 | 5.91 |
| Days Sales Outstanding | — | 84.49 | 79.61 | 87.34 | 81.68 | 74.31 | 72.02 | 64.27 | 65.19 | 65.67 | 66.92 |
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 | 1.1% | 1.5% | 1.9% | 1.6% | 2.1% | 1.4% | 1.8% | 2.3% | 1.9% | 1.7% | 2.4% |
| Payout Ratio | 68.0% | 68.0% | 59.9% | 39.1% | 55.7% | 36.6% | 46.2% | 66.1% | 82.3% | 47.3% | 51.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.6% | 2.2% | 3.1% | 4.2% | 3.7% | 3.9% | 4.0% | 3.5% | 2.3% | 3.6% | 4.5% |
| FCF Yield | 2.6% | 3.4% | 2.1% | 3.7% | 2.7% | 3.3% | 3.9% | 5.3% | 4.9% | 3.9% | 5.2% |
| Buyback Yield | 0.8% | 1.1% | 1.9% | 0.9% | 1.2% | 0.9% | 1.0% | 5.1% | 6.2% | 1.5% | 3.2% |
| Total Shareholder Yield | 1.9% | 2.6% | 3.8% | 2.6% | 3.3% | 2.3% | 2.9% | 7.5% | 8.1% | 3.2% | 5.5% |
| Shares Outstanding | — | $113M | $115M | $116M | $117M | $117M | $117M | $119M | $127M | $130M | $131M |
Cyclical industrial demand sensitivity
According to current market data, Rockwell trades at a 62.08x TTM P/E ratio, a significant premium compared to diversified industrial peers, which suggests that investors are pricing in aggressive long-term margin expansion and a successful transition toward a higher-margin, software-centric recurring revenue business model.
The forward P/E of 36.69 indicates that the market anticipates a substantial earnings recovery, yet this valuation remains highly sensitive to any deceleration in US industrial production. Investors should monitor whether the current multiple is sustainable if the company fails to demonstrate consistent software-driven margin accretion relative to its hardware-heavy history.
Based on reported financial statements, Rockwell's ROIC has remained in a narrow 3% to 5% range over the last ten quarters, which appears underwhelming for a firm with such a dominant market position and suggests that significant goodwill from past acquisitions is diluting overall capital returns.
The persistent gap between ROIC and the company's cost of capital warrants further investigation into whether recent M&A activity is truly value-accretive or merely expanding the asset base without proportional earnings growth. The reliance on intangible assets suggests that future returns will depend heavily on the successful integration of software platforms into the core hardware ecosystem.
As reported in recent quarterly filings, Rockwell's cash conversion cycle remains elevated at 107 days in 2026Q2, driven by a high days inventory outstanding of 99 days, which indicates that the company is still navigating the lingering effects of post-pandemic supply chain adjustments and distributor destocking.
The persistent length of the cash conversion cycle suggests that working capital management remains a primary drag on free cash flow generation. Investors should watch for a sustained reduction in DIO as a key indicator that the company has successfully normalized its inventory levels and improved its operational agility.
Based on the provided balance sheet data, the current ratio of 1.09 as of 2026Q2 indicates a relatively tight liquidity position, which may leave the company with limited margin for error should industrial demand experience a sudden, sharp contraction or if supply chain costs spike unexpectedly.
While the company maintains consistent access to capital, the low quick ratio of 0.76 suggests a high dependence on inventory turnover to meet short-term obligations. This liquidity profile appears less robust than that of more diversified industrial peers, necessitating close monitoring of cash flow volatility during cyclical downturns.
The P/E ratio is frequently misapplied to Rockwell because it fails to account for the significant non-cash amortization of intangible assets resulting from aggressive M&A, which artificially suppresses reported earnings and obscures the underlying cash-generating capability of the core automation and software business.
Analysts should instead prioritize EV/EBITDA or free cash flow yield to better capture the company's operational performance, as these metrics are less distorted by the accounting treatment of acquisition-related goodwill. Relying solely on P/E may lead to an inaccurate assessment of the company's true valuation relative to its industrial peers.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ROK stock.
Rockwell Automation, Inc.'s current P/E ratio is 61.1x. The historical average is 21.1x. This places it at the 100th percentile of its historical range.
Rockwell Automation, Inc.'s current EV/EBITDA is 32.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.7x.
Rockwell Automation, Inc.'s return on equity (ROE) is 23.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 33.7%.
Based on historical data, Rockwell Automation, Inc. is trading at a P/E of 61.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rockwell Automation, Inc.'s current dividend yield is 1.11% with a payout ratio of 68.0%.
Rockwell Automation, Inc. has 48.1% gross margin and 17.1% operating margin. Operating margin between 10-20% is typical for established companies.
Rockwell Automation, Inc.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.