Latest Ratios: P/E Ratio 22.7x · EV/EBITDA 15.5x · ROE 13.7%. (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 | $4.6B | $4.1B | $5.5B | $4.9B | $4.3B | $3.2B | $2.7B | $875M | $1.0B | $979M | $223M |
| Enterprise Value | $4.0B | $3.6B | $5.0B | $4.6B | $3.6B | $2.8B | $2.5B | $792M | $977M | $954M | $216M |
| P/E Ratio → | 22.73 | 19.87 | 27.51 | 33.60 | 10.75 | 12.82 | 31.83 | 15.12 | — | 61.11 | 0.86 |
| P/S Ratio | 1.71 | 1.54 | 2.20 | 2.43 | 1.66 | 1.44 | 1.90 | 0.64 | 0.75 | 0.92 | 0.94 |
| P/B Ratio | 2.99 | 2.61 | 3.54 | 3.47 | 3.50 | 3.86 | 4.75 | 1.85 | 2.47 | 6.39 | 8.81 |
| P/FCF | 16.88 | 15.24 | 28.71 | 29.03 | 11.86 | 16.52 | 18.52 | 14.27 | 19.13 | 44.13 | 8.41 |
| P/OCF | 14.98 | 13.53 | 22.68 | 22.13 | 10.37 | 14.17 | 17.55 | 11.41 | 15.58 | 30.95 | 6.66 |
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 | — | 1.34 | 2.02 | 2.27 | 1.39 | 1.27 | 1.77 | 0.58 | 0.72 | 0.90 | 0.91 |
| EV / EBITDA | 15.52 | 13.81 | 17.81 | 21.84 | 6.63 | 7.93 | 19.73 | 7.21 | — | 15.32 | 2272.83 |
| EV / EBIT | 15.98 | 13.35 | 18.87 | 22.33 | 6.73 | 8.41 | 21.83 | 8.83 | — | 19.78 | 618.68 |
| EV / FCF | — | 13.28 | 26.36 | 27.03 | 9.93 | 14.57 | 17.24 | 12.91 | 18.39 | 43.02 | 8.15 |
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 | 26.4% | 26.4% | 26.2% | 23.5% | 31.0% | 26.3% | 19.9% | 20.0% | 17.7% | 16.6% | 9.3% |
| Operating Margin | 9.5% | 9.5% | 9.5% | 8.7% | 19.9% | 15.1% | 7.7% | 6.7% | -1.5% | 5.1% | -0.4% |
| Net Profit Margin | 8.0% | 8.0% | 8.0% | 7.2% | 15.4% | 11.2% | 6.0% | 4.2% | -4.3% | 1.5% | 0.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.7% | 13.7% | 13.4% | 11.0% | 39.0% | 35.6% | 16.3% | 13.1% | -20.6% | 17.7% | 0.0% |
| ROA | 10.1% | 10.1% | 9.8% | 8.4% | 28.7% | 23.0% | 10.0% | 7.8% | -10.6% | 7.0% | 0.0% |
| ROIC | 17.6% | 17.6% | 16.3% | 16.3% | 79.6% | 60.1% | 21.3% | 17.9% | -6.1% | 55.2% | -3.5% |
| ROCE | 15.0% | 15.0% | 14.8% | 12.3% | 47.2% | 43.3% | 17.6% | 16.8% | -5.7% | 40.7% | -2.5% |
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 | 0.07 | 0.07 | 0.11 | 0.11 | 0.03 | 0.07 | 0.13 | 0.27 | 0.21 | 0.58 | 0.17 |
| Debt / EBITDA | 0.42 | 0.42 | 0.58 | 0.74 | 0.08 | 0.17 | 0.60 | 1.15 | — | 1.43 | 45.39 |
| Net Debt / Equity | — | -0.34 | -0.29 | -0.24 | -0.57 | -0.46 | -0.33 | -0.18 | -0.09 | -0.16 | -0.28 |
| Net Debt / EBITDA | -2.04 | -2.04 | -1.59 | -1.62 | -1.29 | -1.06 | -1.46 | -0.76 | — | -0.39 | -74.44 |
| Debt / FCF | — | -1.96 | -2.35 | -2.00 | -1.94 | -1.96 | -1.28 | -1.36 | -0.73 | -1.11 | -0.27 |
| Interest Coverage | 35.53 | 35.53 | 31.39 | 44.54 | 163.97 | 102.83 | 30.22 | 19.36 | -6.74 | 9.40 | 1.01 |
Net cash position: cash ($638M) exceeds total debt ($109M)
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 | 2.65 | 2.65 | 2.41 | 2.36 | 4.19 | 2.23 | 1.90 | 2.14 | 1.54 | 1.57 | 2.03 |
| Quick Ratio | 1.81 | 1.81 | 1.61 | 1.54 | 3.38 | 1.55 | 1.27 | 1.46 | 0.95 | 0.99 | 1.36 |
| Cash Ratio | 1.50 | 1.50 | 1.35 | 1.27 | 3.00 | 1.24 | 1.00 | 1.12 | 0.61 | 0.68 | 0.62 |
| Asset Turnover | — | 1.25 | 1.18 | 1.05 | 1.67 | 1.79 | 1.55 | 1.75 | 1.94 | 2.69 | 4.25 |
| Inventory Turnover | 5.47 | 5.47 | 5.08 | 4.86 | 8.89 | 6.74 | 6.86 | 8.67 | 9.13 | 9.06 | 17.54 |
| Days Sales Outstanding | — | 12.17 | 12.36 | 11.65 | 9.42 | 14.97 | 14.77 | 12.19 | 15.47 | 14.39 | 19.68 |
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 | — | — | — | — | — | — | — | — | 6.4% | 0.1% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 5.6% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.4% | 5.0% | 3.6% | 3.0% | 9.3% | 7.8% | 3.1% | 6.6% | — | 1.6% | 116.3% |
| FCF Yield | 5.9% | 6.6% | 3.5% | 3.4% | 8.4% | 6.1% | 5.4% | 7.0% | 5.2% | 2.3% | 11.9% |
| Buyback Yield | 4.4% | 4.9% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.9% | 0.1% | 0.0% |
| Total Shareholder Yield | 4.4% | 4.9% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 13.4% | 0.2% | 0.0% |
| Shares Outstanding | — | $57M | $58M | $58M | $57M | $57M | $57M | $57M | $53M | $44M | $42M |
Cyclical housing demand sensitivity
According to recent market data, SKY trades at a forward P/E of 23.56, which appears elevated given the company's decelerating revenue growth and the inherent cyclicality of the residential construction sector compared to historical averages and peer benchmarks like Cavco Industries.
The current valuation suggests that investors are pricing in a recovery or a quality premium that may not be fully supported by the recent contraction in operating margins. The PEG ratio of 1.24 indicates that the market is paying a significant premium for growth that has shown signs of fading over the last four quarters.
Based on reported figures, ROIC has compressed to 2.6% in 2025Q4 from a peak of 5.4% in 2025Q1, indicating that the company is struggling to maintain its historical compounding ability as manufacturing volumes soften and input cost pressures persist.
The decline in ROIC suggests that the company's capital-intensive manufacturing footprint is becoming less efficient as capacity utilization drops. This trend warrants further investigation into whether the current asset base is appropriately sized for a lower-growth environment or if structural margin compression is permanently impairing returns.
As reported in financial statements, the cash conversion cycle has expanded to 68 days in 2025Q4, up from 49 days in 2023Q3, reflecting a deterioration in inventory turnover and a potential buildup of finished goods in the dealer channel.
The lengthening of the cash conversion cycle suggests that the company may be facing difficulty moving units through its retail network, which could lead to future inventory write-downs. Investors should monitor whether this trend is a temporary byproduct of seasonal demand shifts or a structural issue with channel inventory management.
Based on the latest quarterly filings, SKY maintains a debt-to-equity ratio of 0.07%, which, as noted in institutional research, provides a significant defensive cushion against the volatility of the residential construction market and interest rate sensitivity.
The company's minimal reliance on debt allows it to navigate cyclical downturns without the immediate pressure of refinancing or covenant compliance risks. This fortress balance sheet appears to be a strategic choice, enabling the firm to maintain operations and share repurchases even when operating cash flow becomes volatile.
The P/E ratio is frequently misapplied to SKY, as it obscures the impact of significant cash accumulation and the cyclical nature of earnings, which often leads to an inaccurate assessment of the company's true operational value and growth potential.
Investors should instead focus on EV/EBITDA or P/FCF, which better account for the company's substantial cash position and the non-cash nature of certain expenses. Relying solely on P/E ignores the optionality provided by the $638 million cash balance, which is a critical component of the firm's current valuation.
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SKY stock.
Champion Homes, Inc.'s current P/E ratio is 22.7x. The historical average is 30.4x. This places it at the 52th percentile of its historical range.
Champion Homes, Inc.'s current EV/EBITDA is 15.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 36.8x.
Champion Homes, Inc.'s return on equity (ROE) is 13.7%. The historical average is 1.4%.
Based on historical data, Champion Homes, Inc. is trading at a P/E of 22.7x. This is at the 52th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Champion Homes, Inc. has 26.4% gross margin and 9.5% operating margin.
Champion Homes, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.