Latest Ratios: P/E Ratio 12.0x · EV/EBITDA 5.3x · ROE 14.6%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $2.0B | $3.3B | $2.1B | $2.2B | $1.2B | — | — |
| Enterprise Value | $2.3B | $2.7B | $3.9B | $2.8B | $2.8B | $2.5B | — | — |
| P/E Ratio → | 12.02 | 14.95 | 11.01 | 8.28 | 18.27 | 3.71 | — | — |
| P/S Ratio | 0.46 | 0.59 | 0.88 | 0.56 | 0.59 | 0.43 | — | — |
| P/B Ratio | 1.64 | 2.04 | 3.92 | 2.33 | 3.18 | 6.74 | — | — |
| P/FCF | 34.97 | 44.87 | 13.38 | 7.13 | 7.47 | 2.56 | — | — |
| P/OCF | 5.74 | 7.37 | 7.08 | 4.16 | 4.93 | 2.24 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.80 | 1.04 | 0.76 | 0.78 | 0.87 | — | — |
| EV / EBITDA | 5.27 | 6.29 | 6.50 | 5.19 | 4.41 | 5.44 | — | — |
| EV / EBIT | 9.06 | 11.03 | 8.55 | 6.61 | 5.25 | 6.87 | — | — |
| EV / FCF | — | 61.19 | 15.80 | 9.65 | 9.79 | 5.14 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.9% | 21.9% | 24.9% | 24.5% | 27.8% | 24.2% | 19.1% | 34.3% |
| Operating Margin | 7.4% | 7.4% | 11.8% | 10.8% | 14.8% | 11.6% | 3.8% | 12.4% |
| Net Profit Margin | 3.9% | 3.9% | 8.0% | 6.8% | 3.3% | 11.7% | 7.1% | 9.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 14.6% | 14.6% | 34.6% | 32.0% | 27.4% | 28.9% | 7.3% | 15.0% |
| ROA | 4.9% | 4.9% | 11.0% | 9.1% | 4.4% | 12.0% | 5.3% | 10.9% |
| ROIC | 11.9% | 11.9% | 21.6% | 20.2% | 29.0% | 14.0% | 3.0% | 15.2% |
| ROCE | 12.5% | 12.5% | 21.7% | 19.4% | 28.1% | 15.4% | 3.4% | 17.3% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.88 | 0.88 | 0.95 | 1.06 | 1.52 | 7.68 | 0.03 | 0.03 |
| Debt / EBITDA | 1.99 | 1.99 | 1.33 | 1.76 | 1.61 | 3.09 | 0.32 | 0.11 |
| Net Debt / Equity | — | 0.74 | 0.71 | 0.82 | 0.99 | 6.81 | -0.01 | -0.02 |
| Net Debt / EBITDA | 1.68 | 1.68 | 0.99 | 1.35 | 1.05 | 2.74 | -0.10 | -0.09 |
| Debt / FCF | — | 16.32 | 2.42 | 2.51 | 2.33 | 2.58 | -0.08 | -0.15 |
| Interest Coverage | 5.42 | 5.42 | 8.64 | 7.15 | 7.00 | 11.58 | 24.75 | 126.50 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.50 | 1.50 | 1.56 | 1.72 | 1.71 | 1.46 | 2.28 | 2.40 |
| Quick Ratio | 0.92 | 0.92 | 1.03 | 1.14 | 1.21 | 1.09 | 1.59 | 1.64 |
| Cash Ratio | 0.19 | 0.19 | 0.30 | 0.32 | 0.49 | 0.21 | 0.19 | 0.23 |
| Asset Turnover | — | 1.21 | 1.45 | 1.30 | 1.34 | 1.09 | 0.82 | 1.16 |
| Inventory Turnover | 6.26 | 6.26 | 7.85 | 6.95 | 7.20 | 7.68 | 5.64 | 5.95 |
| Days Sales Outstanding | — | 48.25 | 44.02 | 44.63 | 48.29 | 55.24 | 95.04 | 64.60 |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.6% | 3.7% | 1.9% | 2.7% | 0.5% | — | — | — |
| Payout Ratio | 55.3% | 55.3% | 20.5% | 22.5% | 8.5% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.3% | 6.7% | 9.1% | 12.1% | 5.5% | 27.0% | — | — |
| FCF Yield | 2.9% | 2.2% | 7.5% | 14.0% | 13.4% | 39.1% | — | — |
| Buyback Yield | 5.3% | 4.2% | 2.1% | 3.3% | 3.7% | 0.0% | — | — |
| Total Shareholder Yield | 9.9% | 7.9% | 3.9% | 6.1% | 4.2% | 0.0% | — | — |
| Shares Outstanding | — | $41M | $42M | $43M | $44M | $44M | $44M | $44M |
Secular Uncoated Freesheet Decline
According to current market data, Sylvamo trades at a forward EV/EBITDA of 4.29x, a multiple that appears to price in significant long-term earnings decay rather than near-term cyclical recovery, especially when compared to the broader industrial materials sector's historical valuation ranges for mature, capital-intensive manufacturing entities.
The discrepancy between the TTM P/E of 12.22x and the forward P/E of 17.07x suggests that analysts anticipate a sharp contraction in earnings per share as the company navigates a difficult pricing environment. Investors should monitor whether this valuation floor holds, as the current P/S of 0.47x indicates the market is heavily discounting the company's ability to maintain top-line stability in a paperless-leaning economy.
Based on reported financial figures, Sylvamo's ROIC has experienced a marked decline, falling from a peak of 7.6% in 2024Q4 to a marginal 0.1% in 2026Q1, which suggests that the company's core manufacturing assets are currently failing to generate returns above their estimated cost of capital.
The collapse in ROIC is primarily driven by the erosion of operating margins as volume deleveraging takes hold across the mill network. This trend warrants further investigation into whether the company's capital allocation strategy, which prioritizes dividends and buybacks, is sustainable if returns on invested capital remain at these depressed levels.
As reported in recent quarterly filings, the cash conversion cycle has lengthened to 58 days in 2026Q1 from 45 days in 2024Q2, indicating that the company is experiencing increased friction in managing its inventory and receivables as market demand for uncoated freesheet continues to soften globally.
The rise in DIO to 60 days suggests that inventory is accumulating, likely due to the company's inability to match production output with the current pace of secular demand decline. This buildup of working capital is a negative signal for cash flow, as it ties up liquidity that would otherwise be available for debt service or shareholder returns.
Based on the latest balance sheet data, the current ratio has compressed to 1.45 in 2026Q1, down from 1.72 in 2024Q1, which suggests that the company's liquidity cushion is thinning as it continues to fund operations and dividends during a period of negative free cash flow generation.
While a current ratio of 1.45 remains adequate for an industrial manufacturer, the trend of consistent compression is concerning given the volatility of the paper industry. Investors should monitor the quick ratio, which at 0.81, indicates a high reliance on inventory liquidation to meet short-term obligations should market conditions deteriorate further.
The P/E ratio is frequently misapplied to Sylvamo, as it obscures the significant impact of non-cash depreciation and periodic maintenance outages that distort reported net income, making the company appear more or less profitable than its underlying cash-generating capacity suggests during specific fiscal quarters.
Analysts should instead focus on EV/EBITDA or FCF yield, as these metrics better account for the company's high capital intensity and the cyclical nature of its mill operations. Relying on P/E ignores the reality that earnings are often a function of accounting choices regarding asset life and pension liabilities rather than pure operational performance.
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Quick answers to the most common questions about buying SLVM stock.
Sylvamo Corporation's current P/E ratio is 12.0x. The historical average is 11.2x. This places it at the 60th percentile of its historical range.
Sylvamo Corporation's current EV/EBITDA is 5.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.6x.
Sylvamo Corporation's return on equity (ROE) is 14.6%. The historical average is 22.8%.
Based on historical data, Sylvamo Corporation is trading at a P/E of 12.0x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Sylvamo Corporation's current dividend yield is 4.60% with a payout ratio of 55.3%.
Sylvamo Corporation has 21.9% gross margin and 7.4% operating margin.
Sylvamo Corporation's Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.