Latest Ratios: P/E Ratio 20.9x · EV/EBITDA 15.4x · ROE 25.5%. (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 | $14.3B | $14.6B | $14.4B | $10.3B | $11.4B | $12.1B | $9.7B | $7.2B | $6.8B | $7.3B | $6.9B |
| Enterprise Value | $17.0B | $17.3B | $16.6B | $13.0B | $14.2B | $14.4B | $12.3B | $9.5B | $8.7B | $9.1B | $8.2B |
| P/E Ratio → | 20.86 | 21.28 | 24.58 | 21.45 | 23.25 | 24.17 | 31.96 | 27.03 | 20.12 | 39.87 | 19.08 |
| P/S Ratio | 1.94 | 1.98 | 1.96 | 1.42 | 1.70 | 1.97 | 1.76 | 1.29 | 1.28 | 1.48 | 1.43 |
| P/B Ratio | 4.96 | 5.06 | 5.73 | 4.80 | 5.75 | 6.92 | 7.69 | 5.10 | 4.16 | 5.09 | 4.99 |
| P/FCF | 26.56 | 27.11 | 15.84 | 31.85 | — | 19.80 | 24.17 | 46.03 | 24.62 | 28.19 | 19.19 |
| P/OCF | 18.61 | 19.00 | 12.82 | 17.81 | 63.87 | 15.74 | 17.67 | 24.54 | 17.39 | 18.98 | 14.45 |
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 | — | 2.34 | 2.26 | 1.80 | 2.11 | 2.37 | 2.23 | 1.71 | 1.64 | 1.83 | 1.71 |
| EV / EBITDA | 15.41 | 15.69 | 15.70 | 13.91 | 18.09 | 16.51 | 17.25 | 14.89 | 13.29 | 14.12 | 12.16 |
| EV / EBIT | 18.71 | 19.40 | 18.28 | 16.96 | 20.49 | 19.25 | 24.12 | 21.46 | 16.72 | 26.57 | 14.32 |
| EV / FCF | — | 32.06 | 18.23 | 40.39 | — | 23.73 | 30.51 | 60.78 | 31.62 | 34.88 | 23.04 |
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 | 41.4% | 41.4% | 41.1% | 37.9% | 35.9% | 39.4% | 38.3% | 40.6% | 41.0% | 43.7% | 43.4% |
| Operating Margin | 12.3% | 12.3% | 12.0% | 10.8% | 9.4% | 11.9% | 10.1% | 8.9% | 9.9% | 10.6% | 11.8% |
| Net Profit Margin | 9.3% | 9.3% | 8.0% | 6.6% | 7.3% | 8.2% | 5.5% | 4.8% | 6.3% | 3.7% | 7.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.5% | 25.5% | 25.3% | 23.2% | 26.4% | 33.4% | 22.8% | 17.5% | 22.0% | 12.9% | 26.6% |
| ROA | 9.6% | 9.6% | 8.8% | 7.1% | 7.6% | 8.5% | 5.5% | 5.0% | 6.5% | 3.7% | 7.5% |
| ROIC | 13.3% | 13.3% | 13.8% | 12.2% | 10.7% | 13.7% | 11.0% | 10.2% | 11.7% | 13.3% | 15.4% |
| ROCE | 15.9% | 15.9% | 17.0% | 15.7% | 13.1% | 15.4% | 13.1% | 12.1% | 13.0% | 13.8% | 15.0% |
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 | 1.03 | 1.03 | 0.96 | 1.39 | 1.49 | 1.51 | 2.20 | 1.79 | 1.33 | 1.45 | 1.19 |
| Debt / EBITDA | 2.69 | 2.69 | 2.28 | 3.17 | 3.77 | 3.01 | 3.91 | 3.96 | 3.31 | 3.25 | 2.42 |
| Net Debt / Equity | — | 0.92 | 0.86 | 1.28 | 1.39 | 1.37 | 2.02 | 1.63 | 1.18 | 1.21 | 1.00 |
| Net Debt / EBITDA | 2.42 | 2.42 | 2.06 | 2.94 | 3.51 | 2.73 | 3.59 | 3.61 | 2.94 | 2.71 | 2.03 |
| Debt / FCF | — | 4.95 | 2.39 | 8.53 | — | 3.93 | 6.34 | 14.74 | 7.00 | 6.69 | 3.85 |
| Interest Coverage | 9.21 | 9.21 | 7.68 | 6.46 | 8.17 | 9.15 | 5.04 | 4.32 | 4.99 | 3.52 | 6.27 |
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 | 2.16 | 2.16 | 1.97 | 2.14 | 1.56 | 2.09 | 2.22 | 1.64 | 2.45 | 1.94 | 2.13 |
| Quick Ratio | 1.45 | 1.45 | 1.32 | 1.37 | 0.96 | 1.38 | 1.47 | 1.09 | 1.63 | 1.30 | 1.45 |
| Cash Ratio | 0.21 | 0.21 | 0.16 | 0.14 | 0.10 | 0.19 | 0.21 | 0.14 | 0.24 | 0.28 | 0.26 |
| Asset Turnover | — | 0.95 | 1.11 | 1.07 | 1.00 | 0.98 | 0.98 | 1.02 | 1.01 | 0.97 | 1.01 |
| Inventory Turnover | 4.17 | 4.17 | 4.52 | 3.97 | 3.55 | 3.94 | 4.19 | 3.92 | 3.76 | 3.54 | 3.98 |
| Days Sales Outstanding | — | 74.71 | 70.63 | 75.60 | 77.96 | 76.56 | 75.42 | 80.83 | 76.39 | 73.27 | 73.03 |
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 | 1.8% | 1.8% | 1.6% | 2.1% | 1.8% | 1.6% | 1.9% | 2.5% | 2.5% | 2.1% | 2.1% |
| Payout Ratio | 37.1% | 37.1% | 39.4% | 44.7% | 41.6% | 38.7% | 60.8% | 68.1% | 49.6% | 86.2% | 40.7% |
| 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% | 4.7% | 4.1% | 4.7% | 4.3% | 4.1% | 3.1% | 3.7% | 5.0% | 2.5% | 5.2% |
| FCF Yield | 3.8% | 3.7% | 6.3% | 3.1% | — | 5.1% | 4.1% | 2.2% | 4.1% | 3.5% | 5.2% |
| Buyback Yield | 0.6% | 0.6% | 0.6% | 0.7% | 0.6% | 0.6% | 1.5% | 3.1% | 0.3% | 0.3% | 1.0% |
| Total Shareholder Yield | 2.4% | 2.4% | 2.2% | 2.7% | 2.4% | 2.2% | 3.4% | 5.6% | 2.7% | 2.4% | 3.1% |
| Shares Outstanding | — | $128M | $128M | $129M | $130M | $129M | $130M | $134M | $137M | $135M | $137M |
Cyclical Construction Demand Exposure
Based on current market data, RPM trades at a P/E of 21.02, which appears to discount the firm relative to pure-play peers like Sherwin-Williams, suggesting investors are applying a complexity penalty to its decentralized, multi-brand industrial and consumer chemical portfolio.
The forward P/E of 20.45 and PEG ratio of 1.17 indicate that the market is pricing in modest growth expectations, likely reflecting the transition risks associated with the MAP 2025 initiative. This valuation suggests that the market remains skeptical of the company's ability to achieve sustained margin expansion through centralized procurement while maintaining the agility of its historical decentralized model.
As reported in quarterly financial statements, RPM's ROIC has struggled to maintain momentum, falling to 1.1% in 2026Q3 from a peak of 4.9% in 2025Q1, indicating that the company's aggressive acquisition strategy is currently failing to generate returns above its cost of capital.
The persistent gap between ROIC and historical averages suggests that the integration of acquired assets is not yet yielding the expected synergies. Investors should monitor whether the ongoing shift toward centralized manufacturing can improve asset utilization, as current returns appear insufficient to justify the recent surge in capital intensity.
According to recent quarterly filings, RPM's cash conversion cycle has fluctuated significantly, peaking at 116 days in 2024Q3 and settling at 110 days in 2026Q3, which highlights persistent inefficiencies in managing inventory and receivables across its fragmented brand portfolio.
The high DIO of 102 days suggests that the company may be carrying excessive inventory, potentially as a buffer against supply chain volatility or as a byproduct of its decentralized procurement. This lack of working capital optimization appears to be a structural drag on cash flow, warranting further investigation into whether the MAP 2025 initiative will successfully streamline these cycles.
The P/E ratio is frequently misapplied to RPM, as it obscures the significant non-cash amortization charges resulting from the company's long-standing acquisition-heavy growth strategy, which artificially depresses reported net income and distorts the true earnings power of the underlying business units.
Analysts should instead focus on EV/EBITDA or normalized free cash flow to better assess the company's operational performance, as these metrics are less sensitive to the accounting noise generated by intangible asset amortization. Relying solely on P/E may lead to an inaccurate assessment of the firm's valuation relative to peers with less acquisitive histories.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RPM stock.
RPM International Inc.'s current P/E ratio is 20.9x. The historical average is 23.8x. This places it at the 55th percentile of its historical range.
RPM International Inc.'s current EV/EBITDA is 15.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
RPM International Inc.'s return on equity (ROE) is 25.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 15.9%.
Based on historical data, RPM International Inc. is trading at a P/E of 20.9x. This is at the 55th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
RPM International Inc.'s current dividend yield is 1.79% with a payout ratio of 37.1%.
RPM International Inc. has 41.4% gross margin and 12.3% operating margin. Operating margin between 10-20% is typical for established companies.
RPM International Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.