Latest Ratios: P/E Ratio 20.3x · EV/EBITDA 6.3x · ROE 6.2%. (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 | $829M | $829M | $689M | $882M | $770M | $1.2B | $924M | $1.2B | $1.1B | $1.0B | $1.2B |
| Enterprise Value | $1.4B | $1.4B | $1.3B | $1.1B | $1.0B | $1.3B | $937M | $1.3B | $1.1B | $1.1B | $1.3B |
| P/E Ratio → | 20.35 | 20.03 | 12.85 | 13.97 | 10.55 | 13.04 | 16.09 | 20.97 | 25.83 | 27.43 | 20.31 |
| P/S Ratio | 0.46 | 0.46 | 0.47 | 0.65 | 0.56 | 0.91 | 0.82 | 1.07 | 1.02 | 0.93 | 1.16 |
| P/B Ratio | 1.21 | 1.19 | 1.09 | 1.36 | 1.24 | 1.93 | 1.68 | 2.41 | 2.38 | 2.30 | 2.79 |
| P/FCF | 44.30 | 44.27 | 21.08 | 7.63 | — | 19.85 | 11.53 | 19.99 | 22.16 | 25.93 | 15.98 |
| P/OCF | 14.43 | 14.42 | 8.98 | 6.12 | — | 13.85 | 9.43 | 15.79 | 15.81 | 16.12 | 12.56 |
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 | — | 0.80 | 0.89 | 0.81 | 0.75 | 1.02 | 0.83 | 1.13 | 1.05 | 0.97 | 1.19 |
| EV / EBITDA | 6.32 | 6.31 | 7.65 | 6.43 | 6.19 | 7.87 | 6.22 | 8.90 | 8.84 | 8.60 | 10.42 |
| EV / EBIT | 7.82 | 7.82 | 15.36 | 11.82 | 9.45 | 9.98 | 8.54 | 13.28 | 14.21 | 11.00 | 12.62 |
| EV / FCF | — | 76.86 | 39.94 | 9.47 | — | 22.16 | 11.70 | 21.23 | 22.92 | 27.04 | 16.44 |
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 | 30.2% | 30.2% | 28.2% | 27.9% | 27.2% | 28.3% | 29.1% | 28.4% | 28.6% | 29.3% | 29.8% |
| Operating Margin | 10.3% | 10.3% | 9.5% | 10.4% | 10.1% | 10.8% | 11.0% | 10.5% | 9.7% | 9.2% | 9.5% |
| Net Profit Margin | 2.3% | 2.3% | 3.7% | 4.6% | 5.3% | 7.0% | 5.1% | 5.1% | 3.9% | 3.4% | 5.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.2% | 6.2% | 8.4% | 9.9% | 11.8% | 15.6% | 10.9% | 11.9% | 9.3% | 8.5% | 14.5% |
| ROA | 2.2% | 2.2% | 3.5% | 5.0% | 6.0% | 8.4% | 6.1% | 6.6% | 5.3% | 4.9% | 8.3% |
| ROIC | 10.8% | 10.8% | 9.9% | 12.1% | 12.7% | 16.1% | 16.3% | 16.5% | 15.8% | 15.8% | 16.9% |
| ROCE | 12.8% | 12.8% | 11.8% | 14.7% | 16.7% | 20.5% | 19.6% | 20.8% | 20.5% | 20.8% | 21.9% |
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 | 1.05 | 0.38 | 0.45 | 0.26 | 0.06 | 0.17 | 0.11 | 0.14 | 0.12 |
| Debt / EBITDA | 2.99 | 2.99 | 3.87 | 1.44 | 1.69 | 0.95 | 0.22 | 0.59 | 0.38 | 0.49 | 0.45 |
| Net Debt / Equity | — | 0.87 | 0.98 | 0.33 | 0.42 | 0.23 | 0.02 | 0.15 | 0.08 | 0.10 | 0.08 |
| Net Debt / EBITDA | 2.68 | 2.68 | 3.61 | 1.25 | 1.56 | 0.82 | 0.09 | 0.52 | 0.29 | 0.35 | 0.29 |
| Debt / FCF | — | 32.60 | 18.86 | 1.84 | — | 2.31 | 0.16 | 1.24 | 0.76 | 1.11 | 0.46 |
| Interest Coverage | 5.60 | 5.60 | 7.73 | 8.49 | 10.26 | 65.33 | 47.13 | 18.37 | 20.08 | 42.41 | 64.35 |
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 | 2.13 | 2.13 | 2.11 | 2.45 | 2.36 | 1.49 | 1.98 | 1.80 | 1.75 | 1.74 | 1.81 |
| Quick Ratio | 0.69 | 0.69 | 0.64 | 0.72 | 0.66 | 0.46 | 0.77 | 0.51 | 0.56 | 0.59 | 0.71 |
| Cash Ratio | 0.15 | 0.15 | 0.10 | 0.11 | 0.07 | 0.05 | 0.06 | 0.03 | 0.04 | 0.06 | 0.07 |
| Asset Turnover | — | 0.90 | 0.81 | 1.05 | 1.09 | 1.08 | 1.18 | 1.24 | 1.30 | 1.42 | 1.38 |
| Inventory Turnover | 1.76 | 1.76 | 1.64 | 1.86 | 1.82 | 1.90 | 2.19 | 2.10 | 2.10 | 2.42 | 2.38 |
| Days Sales Outstanding | — | 47.28 | 52.54 | 43.07 | 44.60 | 50.75 | 64.05 | 40.62 | 52.65 | 45.80 | 46.42 |
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 | 3.2% | 3.3% | 3.7% | 2.9% | 3.0% | 1.9% | 1.2% | 1.7% | 1.7% | 1.7% | 1.3% |
| Payout Ratio | 66.0% | 66.0% | 47.3% | 39.9% | 32.1% | 24.4% | 19.5% | 35.6% | 43.8% | 45.5% | 25.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 5.0% | 7.8% | 7.2% | 9.5% | 7.7% | 6.2% | 4.8% | 3.9% | 3.6% | 4.9% |
| FCF Yield | 2.3% | 2.3% | 4.7% | 13.1% | — | 5.0% | 8.7% | 5.0% | 4.5% | 3.9% | 6.3% |
| Buyback Yield | 0.0% | 0.0% | 1.5% | 0.0% | 3.8% | 2.3% | 1.5% | 0.9% | 1.3% | 2.3% | 0.0% |
| Total Shareholder Yield | 3.2% | 3.3% | 5.2% | 2.9% | 6.9% | 4.1% | 2.7% | 2.6% | 3.0% | 4.0% | 1.3% |
| Shares Outstanding | — | $22M | $22M | $22M | $22M | $23M | $23M | $23M | $23M | $23M | $23M |
Margin compression from scale
According to current market data, SMP trades at a forward P/E of 9.23, which appears to discount the company's thin net margins and historical earnings volatility compared to peers like Dorman Products, suggesting the market remains skeptical of the firm's ability to drive sustainable bottom-line growth.
The valuation gap relative to peers suggests that investors are pricing in the risks associated with SMP's lower profitability profile and the potential for integration friction from recent acquisitions. While the forward multiple is attractive, it warrants caution as it may be predicated on optimistic earnings recovery assumptions that have yet to materialize in the reported quarterly figures.
Based on reported financial statements, SMP's ROIC has struggled to exceed 5% over the last ten quarters, indicating that the company is currently failing to generate returns on invested capital that meaningfully exceed its cost of capital, likely due to the accumulation of goodwill and integration costs.
The persistent low ROIC suggests that recent capital deployment into acquisitions has not yet yielded the expected operational synergies. Investors should monitor whether management can improve asset utilization, as the current trend indicates a decay in capital efficiency that could pressure long-term shareholder value creation.
As indicated by the company's quarterly filings, the cash conversion cycle has remained consistently high, often exceeding 200 days, which reflects the significant burden of managing a massive SKU catalog and the resulting inventory intensity required to support the automotive aftermarket's long-tail demand.
The high DIO relative to peers highlights the structural challenge of maintaining availability for thousands of legacy parts, which ties up significant liquidity. This inefficiency appears to be a permanent feature of the business model, necessitating a higher level of working capital that limits the company's overall free cash flow generation.
Based on an analysis of SMP's financial structure, the P/E ratio is a frequently misapplied metric for this business because it ignores the massive volatility in working capital and non-cash charges that often distort net income, making free cash flow a far more reliable indicator of performance.
Because SMP utilizes LIFO accounting and carries significant inventory-related costs, net income is often a poor proxy for the actual cash available to shareholders. Analysts should prioritize FCF-based valuation models to better account for the cyclical nature of inventory investments and the impact of core deposit accounting on reported earnings.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SMP stock.
Standard Motor Products, Inc.'s current P/E ratio is 20.3x. The historical average is 20.9x. This places it at the 65th percentile of its historical range.
Standard Motor Products, Inc.'s current EV/EBITDA is 6.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.5x.
Standard Motor Products, Inc.'s return on equity (ROE) is 6.2%. The historical average is 5.8%.
Based on historical data, Standard Motor Products, Inc. is trading at a P/E of 20.3x. This is at the 65th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Standard Motor Products, Inc.'s current dividend yield is 3.24% with a payout ratio of 66.0%.
Standard Motor Products, Inc. has 30.2% gross margin and 10.3% operating margin. Operating margin between 10-20% is typical for established companies.
Standard Motor Products, Inc.'s Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.