Latest Ratios: P/E Ratio 21.3x · EV/EBITDA 14.6x · ROE 17.9%. (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 | $21.2B | $18.6B | $18.4B | $15.6B | $12.4B | $11.8B | $9.4B | $9.5B | $8.3B | $10.2B | $10.2B |
| Enterprise Value | $20.9B | $18.3B | $18.3B | $15.8B | $12.9B | $12.3B | $10.0B | $10.5B | $9.3B | $11.3B | $11.1B |
| P/E Ratio → | 21.30 | 18.29 | 17.61 | 15.40 | 13.58 | 14.44 | 14.96 | 13.65 | 12.24 | 18.31 | 18.62 |
| P/S Ratio | 4.11 | 3.61 | 3.60 | 3.05 | 2.56 | 2.57 | 2.61 | 2.54 | 2.23 | 2.77 | 2.97 |
| P/B Ratio | 3.64 | 3.12 | 3.39 | 3.06 | 2.75 | 2.82 | 2.44 | 2.76 | 2.67 | 3.44 | 3.86 |
| P/FCF | 21.05 | 18.49 | 16.21 | 14.70 | 20.95 | 13.21 | 9.95 | 16.46 | 12.36 | 19.40 | 20.64 |
| P/OCF | 19.57 | 17.20 | 15.10 | 13.49 | 18.34 | 12.26 | 9.30 | 14.04 | 10.89 | 16.79 | 17.93 |
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 | — | 3.55 | 3.58 | 3.10 | 2.66 | 2.68 | 2.77 | 2.81 | 2.49 | 3.07 | 3.24 |
| EV / EBITDA | 14.64 | 12.83 | 12.68 | 11.24 | 9.86 | 10.06 | 10.19 | 9.95 | 8.87 | 11.60 | 11.73 |
| EV / EBIT | 15.72 | 13.20 | 12.87 | 11.50 | 10.32 | 10.81 | 11.20 | 10.80 | 9.70 | 12.93 | 13.01 |
| EV / FCF | — | 18.20 | 16.15 | 14.96 | 21.81 | 13.74 | 10.56 | 18.24 | 13.83 | 21.48 | 22.53 |
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 | 51.7% | 51.7% | 52.0% | 51.3% | 50.5% | 51.8% | 48.7% | 49.4% | 50.0% | 49.5% | 49.9% |
| Operating Margin | 25.8% | 25.8% | 26.3% | 25.7% | 24.9% | 24.3% | 24.5% | 25.8% | 25.6% | 23.9% | 25.1% |
| Net Profit Margin | 19.7% | 19.7% | 20.4% | 19.8% | 18.8% | 17.8% | 17.5% | 18.6% | 18.2% | 15.1% | 15.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.9% | 17.9% | 19.9% | 21.1% | 20.9% | 20.4% | 17.2% | 21.2% | 22.3% | 19.9% | 21.6% |
| ROA | 12.5% | 12.5% | 13.5% | 13.9% | 13.3% | 12.3% | 10.2% | 12.5% | 12.8% | 11.2% | 11.9% |
| ROIC | 18.1% | 18.1% | 18.8% | 18.9% | 18.7% | 18.4% | 14.9% | 16.9% | 17.5% | 17.3% | 19.0% |
| ROCE | 18.4% | 18.4% | 19.9% | 20.8% | 20.5% | 20.0% | 17.4% | 21.0% | 22.6% | 22.6% | 22.8% |
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 | 0.22 | 0.22 | 0.24 | 0.25 | 0.28 | 0.30 | 0.39 | 0.35 | 0.36 | 0.40 | 0.38 |
| Debt / EBITDA | 0.93 | 0.93 | 0.90 | 0.91 | 0.97 | 1.02 | 1.54 | 1.14 | 1.08 | 1.22 | 1.07 |
| Net Debt / Equity | — | -0.05 | -0.01 | 0.05 | 0.11 | 0.11 | 0.15 | 0.30 | 0.32 | 0.37 | 0.35 |
| Net Debt / EBITDA | -0.21 | -0.21 | -0.05 | 0.20 | 0.39 | 0.39 | 0.59 | 0.97 | 0.94 | 1.12 | 0.99 |
| Debt / FCF | — | -0.30 | -0.06 | 0.26 | 0.86 | 0.53 | 0.62 | 1.78 | 1.47 | 2.08 | 1.89 |
| Interest Coverage | 26.56 | 26.56 | 28.68 | 27.61 | 26.53 | 21.47 | 14.94 | 18.50 | 17.98 | 15.39 | 15.41 |
Net cash position: cash ($1.6B) exceeds total debt ($1.3B)
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 | 4.79 | 4.79 | 4.15 | 3.88 | 3.47 | 3.11 | 2.65 | 2.51 | 2.33 | 1.78 | 1.90 |
| Quick Ratio | 3.68 | 3.68 | 3.17 | 2.81 | 2.40 | 2.29 | 2.01 | 1.71 | 1.62 | 1.24 | 1.37 |
| Cash Ratio | 1.77 | 1.77 | 1.41 | 1.06 | 0.78 | 0.79 | 0.79 | 0.19 | 0.15 | 0.08 | 0.08 |
| Asset Turnover | — | 0.61 | 0.65 | 0.68 | 0.69 | 0.68 | 0.55 | 0.66 | 0.70 | 0.70 | 0.73 |
| Inventory Turnover | 2.43 | 2.43 | 2.60 | 2.47 | 2.32 | 2.76 | 2.47 | 2.48 | 2.78 | 2.91 | 3.24 |
| Days Sales Outstanding | — | 113.38 | 110.46 | 107.62 | 108.07 | 105.89 | 130.39 | 129.70 | 127.77 | 126.50 | 123.36 |
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 | 2.1% | 2.5% | 2.2% | 2.3% | 2.5% | 2.3% | 2.6% | 2.3% | 2.3% | 1.7% | 1.4% |
| Payout Ratio | 45.5% | 45.5% | 38.9% | 35.2% | 34.3% | 33.6% | 38.8% | 31.2% | 28.2% | 30.4% | 27.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.7% | 5.5% | 5.7% | 6.5% | 7.4% | 6.9% | 6.7% | 7.3% | 8.2% | 5.5% | 5.4% |
| FCF Yield | 4.7% | 5.4% | 6.2% | 6.8% | 4.8% | 7.6% | 10.1% | 6.1% | 8.1% | 5.2% | 4.8% |
| Buyback Yield | 1.6% | 1.8% | 1.6% | 1.9% | 1.6% | 3.6% | 1.9% | 2.5% | 3.4% | 2.8% | 1.2% |
| Total Shareholder Yield | 3.7% | 4.3% | 3.8% | 4.2% | 4.1% | 6.0% | 4.5% | 4.8% | 5.7% | 4.5% | 2.6% |
| Shares Outstanding | — | $53M | $54M | $54M | $54M | $55M | $55M | $56M | $57M | $59M | $59M |
Stagnant Core Volume Growth
Based on current market data, Snap-on trades at a P/E of 20.69, which appears to command a quality premium over traditional industrial peers like Stanley Black & Decker, reflecting investor confidence in the firm's unique franchise-based distribution model and its high-margin diagnostic software and financing segments.
The current forward P/E of 20.78 suggests that the market is pricing in a degree of stability and recurring revenue potential that is not typical for pure-play hardware manufacturers. Investors should monitor whether this valuation remains sustainable if top-line growth continues to stagnate, as the current PEG ratio of 1.90 indicates that the market is paying a significant price for limited near-term growth.
As reported in recent financial statements, Snap-on's ROIC has trended toward 3.4% in 2026Q1, a decline from previous periods that suggests the company is struggling to deploy its growing cash pile into projects that generate returns exceeding its historical cost of capital.
The compression in ROIC appears to be driven by the accumulation of excess cash on the balance sheet rather than a fundamental decay in operational profitability. This trend warrants further investigation into whether management's conservative capital allocation strategy is beginning to weigh on the company's ability to compound shareholder value effectively.
According to quarterly filings, Snap-on's cash conversion cycle reached 213 days in 2026Q1, a figure that remains elevated compared to broader industrial benchmarks and highlights the inherent friction of the van-based distribution model and the associated inventory requirements for high-ticket tool storage.
The high days inventory outstanding, which stood at 155 days in the most recent quarter, suggests that the company maintains significant channel inventory to support its franchise network. While this ensures product availability for technicians, it also ties up substantial capital, making the company's cash flow profile highly sensitive to shifts in end-user demand.
The most commonly misapplied metric for Snap-on is the standard EV/EBITDA multiple, which fails to account for the significant earnings contribution from the captive Financial Services segment and the recurring nature of the diagnostic software business, both of which deserve higher valuation multiples than hardware manufacturing.
By treating the entire business as a cyclical tool manufacturer, analysts may be obscuring the value of the company's proprietary diagnostic data and credit platform. Investors should consider adjusting for the finance arm's assets and earnings to better reflect the firm's true underlying business quality and its transition toward a service-oriented model.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SNA stock.
Snap-on Incorporated's current P/E ratio is 21.3x. The historical average is 19.9x. This places it at the 83th percentile of its historical range.
Snap-on Incorporated's current EV/EBITDA is 14.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.7x.
Snap-on Incorporated's return on equity (ROE) is 17.9%. The historical average is 15.8%.
Based on historical data, Snap-on Incorporated is trading at a P/E of 21.3x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Snap-on Incorporated's current dividend yield is 2.13% with a payout ratio of 45.5%.
Snap-on Incorporated has 51.7% gross margin and 25.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Snap-on Incorporated's Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.